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ATTACHMENT ONE
<br />(CONTINUED)
<br />Attachment One (11/04/22)
<br />CLTA/ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE (7-01-21)
<br />EXCLUSIONS FROM COVERAGE
<br />The following matters are excluded from the coverage of this policy and We will not pay loss or damage, costs, attorneys' fees, or expenses that arise
<br />by reason of:
<br />1.a.any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) that restricts, regulates, prohibits, or
<br />relates to:
<br />i.the occupancy, use, or enjoyment of the Land;
<br />ii.the character, dimensions, or location of any improvement on the Land;
<br />iii.the subdivision of land; or
<br />iv.environmental remediation or protection.
<br />b.any governmental forfeiture, police, or regulatory, or national security power.
<br />c.the effect of a violation or enforcement of any matter excluded under Exclusion 1.a. or 1.b.
<br />Exclusion 1 does not modify or limit the coverage provided under Covered Risk 8.a., 14, 15, 16, 18, 19, 20, 23, or 27.
<br />2.Any power to take the Land by condemnation. Exclusion 2 does not modify or limit the coverage provided under Covered Risk 17.
<br />3.Any defect, lien, encumbrance, adverse claim, or other matter:
<br />a.created, suffered, assumed, or agreed to by You;
<br />b.not Known to Us, not recorded in the Public Records at the Date of Policy, but Known to You and not disclosed in writing to Us by You prior to
<br />the date You became an Insured under this policy;
<br />c.resulting in no loss or damage to You;
<br />d.attaching or created subsequent to the Date of Policy (Exclusion 3.d. does not modify or limit the coverage provided under Covered Risk 5,
<br />8.f., 25, 26, 27, 28, or 32); or
<br />e.resulting in loss or damage that would not have been sustained if You paid consideration sufficient to qualify You as a bona fide purchaser of
<br />the Title at the Date of Policy.
<br />4.Lack of a right:
<br />a.to any land outside the area specifically described and referred to in Item 3 of Schedule A; and
<br />b.in any street, road, avenue, alley, lane, right-of-way, body of water, or waterway that abut the Land.
<br />Exclusion 4 does not modify or limit the coverage provided under Covered Risk 11 or 21.
<br />5.The failure of Your existing structures, or any portion of Your existing structures, to have been constructed before, on, or after the Date of Policy in
<br />accordance with applicable building codes. Exclusion 5 does not modify or limit the coverage provided under Covered Risk 14 or 15.
<br />6.Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights law, that the transfer of the Title to You
<br />is a:
<br />a.fraudulent conveyance or fraudulent transfer;
<br />b.voidable transfer under the Uniform Voidable Transactions Act; or
<br />c.preferential transfer:
<br />i.to the extent the instrument of transfer vesting the Title as shown in Schedule A is not a transfer made as a contemporaneous exchange
<br />for new value; or
<br />ii.for any other reason not stated in Covered Risk 30.
<br />7.Contamination, explosion, fire, flooding, vibration, fracturing, earthquake, or subsidence.
<br />8.Negligence by a person or an entity exercising a right to extract or develop oil, gas, minerals, groundwater, or any other subsurface substance.
<br />9.Any lien on Your Title for real estate taxes or assessments, imposed or collected by a governmental authority that becomes due and payable after
<br />the Date of Policy. Exclusion 9 does not modify or limit the coverage provided under Covered Risk 8.a or 27.
<br />10.Any discrepancy in the quantity of the area, square footage, or acreage of the Land or of any improvement to the Land.
<br />LIMITATIONS ON COVERED RISKS
<br />Your insurance for the following Covered Risks is limited on the Owner’s Coverage Statement as follows:
<br />•For Covered Risk 16, 18, 19 and 21 Your Deductible Amount and Our Maximum Dollar Limit of Liability shown
<br />in Schedule A.
<br />The deductible amounts and maximum dollar limits shown on Schedule A are as follows:
<br />Your Deductible Amount Our Maximum Dollar Limit of Liability
<br />Covered Risk 16:1.00% of Policy Amount Shown in Schedule A or $2,500.00
<br />(whichever is less)
<br />$ 10,000.00
<br />Covered Risk 18:1.00% of Policy Amount Shown in Schedule A or $5,000.00
<br />(whichever is less)
<br />$ 25,000.00
<br />Covered Risk 19:1.00% of Policy Amount Shown in Schedule A or $5,000.00
<br />(whichever is less)
<br />$ 25,000.00
<br />Covered Risk 21:1.00% of Policy Amount Shown in Schedule A or $2,500.00
<br />(whichever is less)
<br />$ 5,000.00
<br />209 N Bewley St
<br />Unit# 211/13/2024
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