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r <br /> ALTA LOAN POLICY (6-1-87) <br /> POLICY OF TITLE INSURANCE ISSUED BY <br /> } <br /> v ' STE `VART TITLE + <br /> 1 } <br /> GUARANTY COMPANY } <br /> n <br /> + <br /> SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN , <br /> SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, STEWART TITLE GUARANTY COMPANY, a Texas (! <br /> corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A,against loss or damage,not <br /> texceeding the Amount of Insurance stated in Schedule A,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 /> 1 2. Any defect In or lien or encumbrance on the title; <br /> 3. Unmarketability of the title; } <br /> 4. Lack of a right of access to and from the land; (' } <br /> 5. The invalidity or unenforceability of the lien of the insured mortgage upon the title; <br /> 'a + <br /> 6. The priority of any lien or encumbrance over the lien of the insured mortgage; <br /> 7. Lack of priority of the lien of the insured mortgage over any statutory lien for services, labor or material: <br /> (a) arising from any improvement or work related to the land which is contracted for or commenced prior to Date ' <br /> of Policy;or t <br /> (b) arising from an improvement or work related to the land which is contracted for or commenced subsequent to } <br /> Date of Policy and which is financed in whole or in part by proceeds of the indebtedness secured by the } <br /> insured mortgage which at Date of Policy the Insured has advanced or is obligated to advance; <br /> 8. The invalidity or unenforceabllity of any assignment of the insured mortgage, provided the assignment is shown in } <br /> N <br /> Schedule A, or the failure of the assignment shown in Schedule A to vest title to the insured mortgage in the <br /> 3 named insured assignee free and clear of all liens. 1 <br /> The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title or the lien of the , <br /> insured mortgage, as insured, but only to the extent provided in the Conditions and Stipulations. <br /> In witness whereof, Stewart Title Guaranty Company has caused this policy to be signed and sealed by its duly <br /> authorized officers as of Date of Policy shown in Schedule A. <br /> h ' <br /> } <br /> t� <br /> I <br /> ♦ 1 <br /> STENVART TITLE <br /> GUARANTY C'OMI'4YYGlj <br /> /� f <br /> } Chairman of the Board `Q oappq 'qya> President <br /> Countersigned b <br /> ?V. 1908 <br /> Authors d Sign pry <br /> p + Nwart Me of Glenwood Springs, Inc " <br /> } Compangox 430, Glenwood Springs, CO 81602 <br /> • Paae 1 of <br />