_ENFORCEMENT - C1981017 ‎(14)‎

• Permit No: C1981017
• IBM Index Class Name: Enforcement
• Doc Name: Bid Documents ‎(IMP)‎ Violation
• Media Type: D
• Archive: No

�`"� B18'7 60'79
�?4P _POLICY NO.
M _ AMERICAN LAND TITLE ASSOCIATION LOAN POLICY — 1970 Rev.
O F ?
�i
Cf�990C\�
A TITLE INSURANCE COMPANY OF MINNESOTA '
j..1 a Stock Company,of Minneapolis,Minnesota
} SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS CONTAINED IN SCHEDULE B AND
THE PROVISIONS OF THE CONDITIONS AND STIPULATIONS HEREOF, '
�. TITLE INSURANCE COMPANY OF MINNESOTA, herein called the Company, insures,as of Date of Policy shown in
Schedule A,against loss or damage,not exceeding the amount of insurance stated in Schedule A, and costs,attorneys' fees and
I expenses which the Company may become obligated to pay hereunder,sustained or incurred by the insured by reason of:
1. Title to the estate or interest described in Schedule A being vested otherwise than as stated therein; -;
' 2. Any defect in or lien or encumbrance on such title;
3. Lack of a right of access to and from the land;
4. Unmarketability of such title;
5. The invalidity or unenforceability of the lien of the insured mortgage upon said estate or interest except to the
(- extent that such invalidity or unenforceability, or claim thereof, arises out of the transaction evidenced by the
L insured mortgage and is based upon
a. usury,or w
b. any consumer credit protection or truth in lending law;
6. The priority of any lien or encumbrance over the lien of the insured mortgage;
7. Any statutory lien for labor or material which now has gained or hereafter may gain priority over the lien of the
L insured mortgage, except any such lien arising from an improvement on the land contracted for and commenced
f subsequent to Date of Policy not financed in whole or in part by proceeds of the indebtedness secured by the —i
insured mortgage which at Date of Policy the insured has advanced or is obligated to advance;or
8. The invalidity or unenforceability of any assignment, shown in Schedule A,of the insured mortgage or the failure
of said assignment to vest title to the insured mortgage in the named insured assignee free and clear of all liens.
IN WITNESS WHEREOF, the said Title Insurance Company of Minnesota has caused its corporate name and seal to be x
V hereunto affixed by its duly authorized officers as of the date shown in Schedule A,the policy to be valid when countersigned
by an authorized officer or agent of the Company.
RECEIVED TITLE INSURANCE COMPANY OF MINNESOTA
,JUL 2
MINED LAND RECLAMATION DIVISION
President
Court ne�jp, t. of Natural fcesources
Secretary
AuthorPdOfcer r gent
EXCLUSIONS FROM COVERAGE ii
k The following matters are expressly excluded from the coverage of this policy:
1. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances)
restricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, ••
dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation inE
ownership or a reduction in the dimensions or area of the land,or the effect of any violation of any such law,ordi-
nance or governmental regulation.
2. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights T;'
appears in the public records at Date of Policy. �?
3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the z
insured claimant; (b) not known to the Company and not shown by the public records but known to the insured t,
claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy
or acquired the insured mortgage and not disclosed in writing by the insured claimant to the Company prior to the
date such insured claimant became an insured hereunder:(c)resulting in no loss or damage to the insured claimant;
(d) attaching or created subsequent to Date of Policy (except to the extent insurance is afforded herein as to any 4
statutory lien for labor or material or right thereto).
Unenforceability of the lien of the insured mortgage because of failure of the insured at Date of Policy or of any
subsequent owner of the indebtedness to comply with applicable "doing business" laws of the state in which the
land is situated
Form 209 6,71 - - —
Cooyngnt 1969 American Land Titie Association