EXHIBIT 7
<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 the Date of Policy, but Known to the Insured Claimant and not disclosed in
<br />writing 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 the Date of Policy (Exclusion 3.d. does not modify or limit the coverage provided under Covered Risk 9 or
<br />10); or
<br />e. resulting in loss or damage that would not have been sustained if consideration sufficient to qualify the Insured named in Schedule A as a
<br />bona fide purchaser had been given for the Title at the Date of Policy.
<br />Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights law, that the transaction vesting the Title as
<br />shown in Schedule A 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 9.b.
<br />Any claim of a PACA-PSA Trust. Exclusion 5 does not modify or limit the coverage provided under Covered Risk 8.
<br />Any lien on the Title for real estate taxes or assessments imposed or collected by a governmental authority that becomes due and payable after the
<br />Date of Policy. Exclusion 6 does not modify or limit the coverage provided under Covered Risk 2.b.
<br />Any discrepancy in the quantity of the area, square footage, or acreage of the Land or of any improvement to the Land.
<br />EXCEPTIONS FROM COVERAGE
<br />Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This policy treats any
<br />Discriminatory Covenant in a document referenced in Schedule B as if each Discriminatory Covenant is redacted, repudiated, removed, and
<br />not republished or recirculated. Only the remaining provisions of the document are excepted from coverage.
<br />This policy does not insure against loss or damage and the Company will not pay costs, attorneys' fees, or expenses resulting from the terms and
<br />conditions of any lease or easement identified in Schedule A, and the following matters:
<br />PART
<br />(a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real
<br />property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings,
<br />whether or not shown by the records of such agency or by the Public Records.
<br />Any facts, rights, interests, or claims that are not shown by the Public Records at Date of Policy but that could be (a) ascertained by an inspection
<br />of the Land, or (b) asserted by persons or parties in possession of the Land.
<br />Easements, liens or encumbrances, or claims thereof, not shown by the Public Records at Date of Policy.
<br />Any encroachment, encumbrance, violation, variation, easement, or adverse circumstance affecting the Title that would be disclosed by an
<br />accurate and complete land survey of the Land and not shown by the Public Records at Date of Policy.
<br />(a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to
<br />water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records.
<br />Any lien or right to a lien for services, labor, material or equipment unless such lien is shown by the Public Records at Date of Policy.
<br />Any claim to (a) ownership of or rights to minerals and similar substances, including but not limited to ores, metals, coal, lignite, oil, gas, uranium,
<br />clay, rock, sand, and gravel located in, on, or under the Land or produced from the Land, whether such ownership or rights arise by lease, grant,
<br />exception, conveyance, reservation, or otherwise; and (b) any rights, privileges, immunities, rights of way, and easements associated therewith or
<br />appurtenant thereto, whether or not the interests or rights excepted in (a) or (b) appear in the Public Records or are shown in Schedule B.
<br />PART II
<br />(Variable exceptions such as taxes, easements, CC&R's, etc., are inserted here)
<br />CLTA/ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE (07-01-2021)
<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 by
<br />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. Exclusion 1 does not modify or limit the coverage
<br />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 />Attachment One — CA (Rev. 11-04-22) Last Saved: 7/10/2024 3:38 PM by KM2
<br />MISCO267 (DSI Rev. 3/16/23) Page 2 Order No.: 30119105-997-MAT-TS4
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