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EXHIBIT 7
<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 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 in Schedule A.
<br />The deductible amounts and maximum dollar limits shown on Schedule A are as follows:
<br />Our Maximum Dollar
<br />Your Deductible Amount
<br />Limit of Liability
<br />Covered Risk 16: 1.00% of Policy Amount Shown in Schedule A or $2,500.00
<br />$10,000.00
<br />(whichever is less)
<br />Covered Risk 18: 1.00% of Policy Amount Shown in Schedule A or $5,000.00
<br />$25,000.00
<br />(whichever is less)
<br />Covered Risk 19: 1.00% of Policy Amount Shown in Schedule A or $5,000.00
<br />$25,000.00
<br />(whichever is less)
<br />Covered Risk 21: 1.00% of Policy Amount Shown in Schedule A or $2,500.00
<br />$5,000.00
<br />(whichever is less)
<br />CLTA/ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE (12-02-13)
<br />EXCLUSIONS
<br />In addition to the Exceptions in Schedule B, You are not insured against loss, costs, attorneys' fees, and expenses resulting from:
<br />1. Governmental police power, and the existence or violation of those portions of any law or government regulation concerning:
<br />a. building;
<br />b. zoning;
<br />C. land use;
<br />d. improvements on the Land;
<br />e. land division; and
<br />f. environmental protection.
<br />This Exclusion does not limit the coverage described in Covered Risk 8.a., 14, 15, 16, 18, 19, 20, 23 or 27.
<br />2. The failure of Your existing structures, or any part of them, to be constructed in accordance with applicable building codes. This Exclusion does not
<br />limit the coverage described in Covered Risk 14 or 15.
<br />3. The right to take the Land by condemning it. This Exclusion does not limit the coverage described in Covered Risk 17.
<br />4. Risks:
<br />a. that are created, allowed, or agreed to by You, whether or not they are recorded in the Public Records;
<br />b. that are Known to You at the Policy Date, but not to Us, unless they are recorded in the Public Records at the Policy Date;
<br />c. that result in no loss to You; or
<br />d. that first occur after the Policy Date - this does not limit the coverage described in Covered Risk 7, 8.e., 25, 26, 27 or 28.
<br />5. Failure to pay value for Your Title.
<br />6. Lack of a right:
<br />a. to any land outside the area specifically described and referred to in paragraph 3 of Schedule A; and
<br />b. in streets, alleys, or waterways that touch the Land.
<br />This Exclusion does not limit the coverage described in Covered Risk 11 or 21.
<br />7. The transfer of the Title to You is invalid as a preferential transfer or as a fraudulent transfer or conveyance under federal bankruptcy, state
<br />insolvency, or similar creditors' rights laws.
<br />8. Contamination, explosion, fire, flooding, vibration, fracturing, earthquake, or subsidence.
<br />9. Negligence by a person or an Entity exercising a right to extract or develop minerals, water, or any other substances.
<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 in Schedule A.
<br />The deductible amounts and maximum dollar limits shown on Schedule A are as follows:
<br />Our Maximum Dollar
<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 3 Order No.: 30119105-997-MAT-TS4
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