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Bx <br />LauryersTtle jnsurance <br />SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE <br />CONDITIONS AND STIPULATIONS, LAWYERS TITLE INSURANCE CORPORATION, a Virginia corporation, herein called the Company, <br />Insures, as of Date of Policy shown In Schedule A, against loss or damage, not exceeding the Amount of Insurance stated in Schedule A, <br />sustained or incurred by the insured by reason of: <br />1. Title to the estate or interest described in Schedule A being vested other than as stated therein; <br />2. Any defect in or lien or encumbrance on the title; <br />3. Unmarketebiliry of the title; <br />4. Lack of a dghl of access to and from the'lantl. <br />The Company will also pay the costs, attomeys' tees end expenses incpned in defense of the,.title, as Insured, but only to the extent provided in <br />the Conditions and.Stipulations. <br />IN WITNESS WHEREOF, LAWYERS TITLE INSURANCE CORPORATION has caused its corporate name and seal to be hereunto affixed by <br />its duly authorized officers, the Policy to become valid when countersigned by an authorized officer or agent of the Company. <br />LAWYERS TITLE INSURANCE CORPORATION <br />a....~. <br />/~ / / / -t ~NSUflAN(•F rh <br />Attest: (//J W 1 Q i Farr' By' JU't- <br />" Secretary i; i; ~ ~ ~ L f ~ f President <br />..'St 1925 J~f <br />EXCLUSIONS FROM COVERAGE <br />The following matters. are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, <br />attomeys' fees or expenses which arise by reason of: <br />1. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations) <br />restricting, regulating, prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or <br />location of any improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in the dimensions or <br />area of the land or any pamel of which the land is or was a pad; or (iv) environmental protection, or the eMecJ of any violation of these <br />laws, ordinances or govemmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien <br />or encumbrance resulting from a violation or alleged violation affecting Jhe lend has been recorded In the public records at Date of <br />Policy. <br />(b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a <br />defect, tten or encumbrance resulting Irom a violation or alleged violation affecting the lend has been recorded in the public records at <br />Date of Policy. <br />2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding <br />from coverage any taking"which has occurred prior to~Dale of Policy which would be binding on the rights of a purchaser for value without <br />knowledge. <br />3. Defects, liens, encumbrances, adverse claims or other matters: <br />(a) created, suffered, assumed or agreed to by the insured claimant; <br />(b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed <br />in writing to the Company by the insured claimant prior to the date the insured claimant became an Insured under this policy; <br />(c) resulting In no loss or damage to the insured claimant; <br />(d) attaching or created subsequent to Date of Policy; or <br />(e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the-estate or interest <br />insured by th(s policy. - _ . ~ " <br />4. Any claim, which arises out of the transaction vesting in the Insured the estate or Interest insured by this policy, by reason of the operation <br />of federal bankruptcy, state insolvency, or similar creditors' dghts laws, that is based on: <br />(e) the transaction creating the estate or interest insured by this policy being deemed a fraudulent conveyance or fraudulent transfer; or <br />(b) the transaction creating the estate or interest insured 6y this policy being deemed a preferential transfer except where the preferential <br />transfer results from the failure: <br />(i) to timely record the instrument of trensfer, or <br />(li) of such recordation to Impart notice to a purchaser for value or a Judgrttent or lien creditor. <br />NM1PA 10 <br />