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Item 37 - Bristol Street and Memory Lane Intersection Improvements
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09/07/2021 Regular
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Item 37 - Bristol Street and Memory Lane Intersection Improvements
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4/9/2024 11:39:24 AM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
37
Date
9/7/2021
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ATTACHMENT <br />Order No: 09205694-920-CMM-CM8 <br />2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. <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 in writing <br />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 (however, this does not modify or limit the coverage provided under Covered Risk 11, 16, 17, <br />18, 19, 20, 21, 22, 23, 24, 27 or 28); or <br />(e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Insured Mortgage. <br />4. Unenforceability of the lien of the Insured Mortgage because of the inability or failure of an Insured to comply with applicable doing -business laws of <br />the state where the Land is situated. <br />5. Invalidity or unenforceability in whole or in part of the lien of the Insured Mortgage that arises out of the transaction evidenced by the Insured <br />Mortgage and is based upon usury, or any consumer credit protection or truth -in -lending law. This Exclusion does not modify or limit the coverage <br />provided in Covered Risk 26. <br />6. Any claim of invalidity, unenforceability or lack of priority of the lien of the Insured Mortgage as to Advances or modifications made after the Insured <br />has Knowledge that the vestee shown in Schedule A is no longer the owner of the estate or interest covered by this policy. This Exclusion does not <br />modify or limit the coverage provided in Covered Risk 11. <br />7. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching subsequent to Date of Policy. <br />This Exclusion does not modify or limit the coverage provided in Covered Risk I l (b) or 25. <br />8. The failure of the residential structure, or any portion of it, to have been constructed before, on or after Date of Policy in accordance with applicable <br />building codes. This Exclusion does not modify or limit the coverage provided in Covered Risk 5 or 6. <br />9. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction creating the lien of <br />the Insured Mortgage, is <br />(a) a fraudulent conveyance or fraudulent transfer, or <br />(b) a preferential transfer for any reason not stated in Covered Risk 27(b) of this policy. <br />10. Contamination, explosion, fire, flooding, vibration, fracturing, earthquake, or subsidence. <br />It. Negligence by a person or an Entity exercising a right to extract or develop minerals, water, or any other substances. <br />Attaclunent One (6-5-14) CA & NV <br />
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