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WELD COUNTY TITLE COMPANY <br />Policy No.: LX68452 <br />SCHEDULE B <br />This Policy does not insure against loss or damage by reason of the <br />following: <br />1. Rights or claims of parties in possession not shown by the public <br />records. <br />2. Easements, or claims of easements, not shown by the public records. <br />3. Discrepancies, conflicts in boundary lines, shortage in area, <br />encroachments, and any facts which a correct survey and inspection <br />of the premises would disclose and which are not shown by the <br />public records. <br />4. Any lien,, or right to a lien, for services, labor or material <br />heretofore or hereafter furnished, imposed by law and not shown by <br />the public records. <br />5. Taxes for the year 2003 not yet due or payable. <br />6. Any rights, interest or easements in favor of the riparian owners, <br />the State of Colorado, the United States of America, or the general <br />Public,, which exist, have existed, or are claimed to exist in and <br />over the waters and present and past bed and banks of Cache La <br />Poudre. <br />7. Right of way for Eaton Ditch as evidenced by Statement filed in the <br />Weld County Clerk & Recorder's Office,.insofar as the same may <br />affect subject property. ' <br />8. All Mineral Lands as reserved in United States Patent recorded <br />March 15, 1882 in'Book 20 at Page 357. <br />9. Reservations of (1) right of proprietor. of any penetrating vein or <br />lode to extract his ore; and (2) right of way for any ditches or <br />canals constructed by authority of United States, in U.S, Patent <br />recorded March 11, 1899 in Book 51 at Page 402. <br />10. All mineral Lands as reserved in United States Patent recorded <br />January 28, 1903 in Book 201 at Page 401. <br />11. Reservation made by the Union Pacific Railway Company in deed <br />recorded October 12, 1912 in Book 406 at Page 321, providing <br />substantially as follows: <br />Reserving unto said company and its assigns all coal that may be <br />found underneath surface of land herein described and the exclusive <br />right to prospect and mine for same, also such right-of-way and <br />other grounds as may appear necessary for proper working of any <br />coal mines that may be developed upon said premises, and for <br />transportation of coal from same. <br />Page 3 <br />