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Order Number: OSA- 5013727
<br />Page Number: 11
<br />1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating,
<br />prohibiting, or relating to
<br />(i) the occupancy, use, or enjoyment of the Land;
<br />(ii) the character, dimensions, or location of any improvement erected on the Land;
<br />(iii) the subdivision of land; or
<br />(iv) environmental protection;
<br />or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the
<br />coverage provided under Covered Risk 5, 6, 13(c), 13(d), 14 or 16.
<br />(b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 5, 6, 13(c),
<br />13(d), 14 or 16.
<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
<br />in 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 Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 11,
<br />16, 17, 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 -
<br />business laws of the state where the Land is situated.
<br />5. Invalidity or unenforceabillty in whole or In part of the lien of the Insured Mortgage that arises out of the transaction evidenced by the
<br />Insured Mortgage and is based upon usury or any consumer credit protection or truth -in- lending law. This Exclusion does not modify or limit
<br />the coverage provided in Covered Risk 26.
<br />6. Any claim of Invalidity, unenforceabllity or lack of priority of the lien of the Insured Mortgage as to Advances or modifications made after the
<br />Insured has Knowledge that the vestee shown in Schedule A is no longer the owner of the estate or interest covered by this policy, This
<br />Exclusion does not 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
<br />of Policy. This Exclusion does not modify or limit the coverage provided in Covered Risk 11(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
<br />applicable 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
<br />the lien of 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 />FirstAmerican Title
<br />Page 11 of 12
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