PRELIM
PRELIM
PRELIM
PRELIMINARY REPORT
THE PRINTED EXCEPTIONS AND EXCLUSION FROM THE COVERAGE OF SAID POLICY OR
POLICIES ARE SET FORTH IN SCHEDULE B ATTACHED. COPIES OF THE POLICY FORMS
SHOULD BE READ. THEY ARE AVAILABLE FROM THE OFFICE WHICH ISSUED THIS REPORT.
PLEASE READ THE EXCEPTIONS SHOWN OR REFERRED TO BELOW AND THE EXCEPTIONS
AND EXCLUSIONS SET FORTH IN SCHEDULE B OF THIS REPORT CAREFULLY. THE
EXCEPTIONS AND EXCLUSIONS ARE MEANT TO PROVIDE YOU WITH NOTICE OF MATTERS
WHICH ARE NOT COVERED UNDER THE TERMS OF THE TITLE INSURANCE POLICY AND
SHOULD BE CAREFULLY CONSIDERED.
THIS REPORT (AND ANY SUPPLEMENTS OR AMENDMENTS HERETO) IS ISSUED SOLELY FOR
THE PURPOSE OF FACILITATING THE ISSUANCE OF A POLICY OF TITLE INSURANCE AND NO
LIABILITY IS ASSUMED HEREBY. IF IT IS DESIRED THAT LIABILITY BE ASSUMED PRIOR TO
THE ISSUANCE OF A POLICY OF TITLE INSURANCE, A BINDER OR COMMITMENT SHOULD BE
REQUESTED.
SCHEDULE A
A FEE
LOT 100 OF TRACT NO. 7385, IN THE CITY OF LOS ANGELES, COUNTY OF LOS ANGELES,
STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 81 PAGE(S) 72 AND 73 OF MAPS,
IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PAGE 2
ORDER NO.: 10512737
SCHEDULE B
A. PROPERTY TAXES, INCLUDING ANY PERSONAL PROPERTY TAXES AND ANY ASSESSMENTS
COLLECTED WITH TAXES, FOR THE FISCAL YEAR 2020-2021.
1ST INSTALLMENT: $ 4,454.25 PAID
2ND INSTALLMENT: $ 4,454.24 OPEN
CODE NO.: 00067
TAX PARCEL NO.: 4303-019-017
THE ABOVE TAXES ARE A LIEN NOT YET DUE UNTIL NOVEMBER 1, 2020.
NOTE: THE MAP ATTACHED HERETO IS NEITHER A PLAT NOR A SURVEY, IT IS FURNISHED
AS A CONVENIENCE TO LOCATE THE LAND INDICATED HEREON WITH REFERENCE TO
STREETS AND OTHER LAND. NO LIABILITY IS ASSUMED BY REASON OF RELIANCE
HEREIN.
1. WATER RIGHTS, CLAIMS OR TITLE TO WATER, WHETHER OR NOT SHOWN BY THE PUBLIC
RECORDS.
3. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS
SET FORTH IN A DOCUMENT
PURPOSE: UTILITIES
AFFECTS: THE REAR 4 FEET OF SAID LAND
RECORDED: IN BOOK 3897 PAGE 103 OFFICIAL RECORDS
PAGE 3
ORDER NO.: 10512737
NOTE: SECTION 12956.1 OF THE GOVERNMENT CODE PROVIDES THE FOLLOWING: IF THIS
DOCUMENT CONTAINS ANY RESTRICTIONS BASED ON RACE, COLOR, RELIGION, SEX,
FAMILIAL STATUS, MARITAL STATUS, DISABILITY, NATIONAL ORIGIN, OR ANCESTRY, THAT
RESTRICTION VIOLATES STATE AND FEDERAL FAIR HOUSING LAWS AND IS VOID. ANY
PERSON HOLDING AN INTEREST IN THIS PROPERTY MAY REQUEST THAT THE COUNTY
RECORDER REMOVE THE RESTRICTIVE LANGUAGE PURSUANT TO SUBDIVISION (C) OF
SECTION 12956.1 OF THE GOVERNMENT CODE.
5. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS
SET FORTH IN A DOCUMENT
PURPOSE: UTILITIES
AFFECTS: THE REAR 4 FEET OF SAID LAND
RECORDED: IN BOOK 17261 PAGE 397, OFFICIAL RECORDS
6. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS
SET FORTH IN A DOCUMENT
PURPOSE: PUBLIC UTILITIES
AFFECTS: THE REAR 4 FEET OF SAID LAND
RECORDED: IN BOOK 15514 PAGE 239, OFFICIAL RECORDS
7. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS
SET FORTH IN A DOCUMENT
PURPOSE: UTILITIES
AFFECTS: THE REAR 5 FEET OF SAID LAND
RECORDED: IN BOOK 24107 PAGE 403, OFFICIAL RECORDS
8. AN OIL AND GAS LEASE FOR THE TERM THEREIN PROVIDED WITH CERTAIN COVENANTS,
CONDITIONS AND PROVISIONS, TOGETHER WITH EASEMENTS IF ANY, AS SET FORTH
THEREIN
LESSOR: GRACE MINSTER, A WIDOW
LESSEE: STANDARD OIL COMPANY OF CALIFORNIA, A CORPORATION
RECORDED: JULY 8, 1964 AS INSTRUMENT NO. 4096, OFFICIAL RECORDS
SAID LEASE AFFECTS THAT PORTION OF SAID LAND LYING BELOW A DEPTH OF 500 FEET
FROM THE SURFACE THEREOF.
SAID LEASE DOES NOT PROVIDE FOR THE RIGHT OF SURFACE ENTRY.
PAGE 4
ORDER NO.: 10512737
9. A DEED OF TRUST TO SECURE AN INDEBTEDNESS IN THE AMOUNT SHOWN BELOW, AND ANY
OTHER OBLIGATIONS SECURED THEREBY
AMOUNT: $ 1,227,000.00
DATED: MARCH 6, 2020
TRUSTOR: 1444 SOUTH SHERBOURNE DRIVE, LLC A CALIFORNIA LIMITED
LIABILITY COMPANY
TRUSTEE: FIDELITY NATIONAL TITLE INSURANCE COMPANY
BENEFICIARY: FIRST REPUBLIC BANK, A STATE BANK
RECORDED: MARCH 17, 2020 AS INSTRUMENT NO. 2020-311549
11. THIS TRANSACTION MAY BE SUBJECT TO THE CURRENT FINCEN GEOGRAPHIC TARGETING
ORDER ISSUED BY THE DIRECTOR OF FINCEN PURSUANT TO 31 U.S.C § 5326(A); 31 C.F.R. §
1010.3760; AND TREASURY ORDER 180-01. THE POLICY ISSUING AGENT MUST BE PROVIDED
WITH CERTAIN INFORMATION PRIOR TO CLOSING PURSUANT TO THE GTO. THIS
TRANSACTION WILL NOT BE INSURED, AND THIS ISSUING AGENT AND/OR ITS UNDERWRITER
WILL NOT BE INVOLVED IN THE CLOSING AND SETTLEMENT UNTIL THIS INFORMATION IS
REVIEWED BY THE ISSUING AGENT AND SUBMITTED TO FINCEN VIA THE BSA E-FILING
THROUGH THE FINCEN E-FILE PLATFORM.
END OF SCHEDULE B
PAGE 5
NOTES AND REQUIREMENTS
SPECIAL NOTE: IF A COUNTY RECORDER, TITLE INSURANCE COMPANY, ESCROW COMPANY, REAL ESTATE
BROKER, REAL ESTATE AGENT OR ASSOCIATION PROVIDES A COPY OF A DECLARATION, GOVERNING DOCUMENT
OR DEED TO ANY PERSON, CALIFORNIA LAW REQUIRES THAT THE DOCUMENT PROVIDED SHALL INCLUDE A
STATEMENT REGARDING ANY UNLAWFUL RESTRICTIONS. SAID STATEMENT IS TO BE IN AT LEAST 14-POINT BOLD
FACER TYPE AND MAY BE STAMPED ON THE FIRST PAGE OF ANY DOCUMENT PROVIDED OR INCLUDED AS A
COVER PAGE ATTACHED TO THE REQUESTED DOCUMENT. SHOULD A PARTY TO THIS TRANSACTION REQUEST A
COPY OF ANY DOCUMENT REPORTED HEREIN THAT FITS THIS CATEGORY, THE STATEMENT IS TO BE INCLUDED IN
THE MANNER DESCRIBED.
SPECIAL NOTE: CALIFORNIA REVENUE AND TAXATION CODE SECTION 18662, EFFECTIVE JANUARY 1, 1994 AND BY
AMENDMENT EFFECTIVE JANUARY 1, 2003, PROVIDES THAT THE SELLER IN ALL SALES OF CALIFORNIA REAL
ESTATE MAY BE REQUIRED TO WITHHOLD 3 AND 1/3RD % OF THE TOTAL SALES PRICE A CALIFORNIA STATE
INCOME TAX, SUBJECT TO THE VARIOUS PROVISIONS OF THE LAW AS THEREIN CONTAINED.
SPECIAL NOTE: UNLESS OTHERWISE DIRECTED IN WRITING, PROVIDENT TITLE COMPANY AUTOMATICALLY
ISSUES THE ALTA HOMEOWNER’S POLICY OF TITLE INSURANCE (2-03-10) ON ALL QUALIFIED RESIDENTIAL
PROPERTY SALE TRANSACTIONS.
SPECIAL NOTE: THE ALTA HOMEOWNER’S POLICY OF TITLE INSURANCE (1-1-08) CONTAINS EXCEPTIONS AS TO
OFF RECORD MATTERS IN ADDITION TO SPECIFIC DEDUCTIBLE AMOUNTS AND SPECIFIC LIABILITY MAXIMUMS
FOR COVERED RISKS OF SAID POLICY THAT HAVE BEEN FILED AND APPROVED BY THE VARIOUS DEPARTMENTS
OF INSURANCE WHERE THE FORMS HAVE BEEN FILED. PLEASE CONSULT WITH YOUR ESCROW OR TITLE
OFFICER IF YOU HAVE QUESTIONS REGARDING THE POLICY.
Note No. 1: YOUR ORDER FOR TITLE WORK CALLS FOR A SEARCH OF PROPERTY THAT IS
IDENTIFIED BY A STREET ADDRESS ONLY OR BY SUCH OTHER UNCONFIRMED DATA.
BASED ON OUR RECORDS, WE BELIEVE THAT THE LAND DESCRIPTION AND ITS
OWNERSHIP IN THIS REPORT REPRESENTS THE PARCEL THAT YOU REQUESTED.
Note No. 2: WE WILL REQUIRE A STATEMENT OF INFORMATION FROM THE PARTIES NAMED
BELOW IN ORDER TO COMPLETE THIS REPORT, BASED ON THE EFFECT OF
DOCUMENTS, PROCEEDINGS, LIENS, DECREES, OR OTHER MATTERS WHICH DO NOT
SPECIFICALLY DESCRIBE SAID LAND, BUT WHICH, IF ANY DO EXIST, MAY AFFECT THE
TITLE OR IMPOSE LIENS OR ENCUMBRANCES THEREON.
(1) A COPY OF ITS OPERATING AGREEMENT AND ANY AMENDMENTS THERETO MUST BE
SUBMITTED TO THE COMPANY FOR REVIEW.
(3) WITH RESPECT TO ANY DEED, DEED OF TRUST, LEASE SUBORDINATION AGREEMENT
OR OTHER DOCUMENT OR INSTRUMENT EXECUTED BY SUCH LIMITED LIABILITY COMPANY
AND PRESENTED TO THE COMPANY FOR RECORDING OR UPON WHICH THE COMPANY IS
ASKED TO RELY, SUCH DOCUMENT OR INSTRUMENT MUST BE EXECUTED IN ACCORDANCE
WITH THE FOLLOWING:
(4) OTHER REQUIREMENTS WHICH THE COMPANY MAY IMPOSE FOLLOWING ITS REVIEW OF
THE MATERIAL REQUIRED HEREIN AND OTHER INFORMATION WHICH THE COMPANY MAY
REQUIRE.
NAME OF LLC: 1444 SOUTH SHERBOURNE DRIVE, LLC A CALIFORNIA LIMITED LIABILITY
COMPANY
ALTA Information Collection Form
Under 31 U.S.C. § 5236(a), the Treasury Department’s Financial Crimes Enforcement Network
(FinCEN) issued a Geographic Targeting Order to title insurance companies requiring the collection of
beneficial ownership information for certain real estate transactions.
Please complete the below questionnaire. This Company will rely on the answers provided to meet its
reporting obligations.
Transactional Information
Property Address (If multiple properties see NOTE below):
Date of Statement Total purchase price (If multiple properties see NOTE below)
$
Which type of Monetary Instruments were used (Use check boxes below)
U.S. Currency (Paper money & coin)
Foreign Currency Country:
Cashier’s Check(s) Money order(s)
Certified check(s) Personal or Business check(s)
Wire or other funds transfer(s) Virtual Currency
Copyright 2006-2018 American Land Title Association. All rights reserved. The use of this Form (or any derivative
thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are
prohibited. Reprinted under license from the American Land Title Association.
ALTA Information Collection Form
Attach Legible copy of government issued identification (i.e. passport, driver’s license, etc.)
Type of ID Issuing State or Country % of ownership interest
Taxpayer ID Number or EIN Doing Business Name (DBA) (if none write
(if none write N/A) N/A)
Address City State Zip
TRUSTS ONLY – Indicate who conducted the transaction: Trustee Settlor Other
Complete the following pages if the real estate purchase is being made by a corporation, LLC,
partnership, other legal entity or trust.
For Corporations, LLCs, Partnerships and Other Entities provide the information for:
• Each BENEFICIAL OWNER who, directly or indirectly, owns 25% or more of the equity
interests of the Purchaser. If a legal entity or a series of legal entitles is the beneficial owner of
the Purchaser, provide information for the ultimate beneficial owner of all the legal entitles.
(Note: It is NOT necessary to complete the address fields if the information is on a legible copy
of the government issued ID submitted to the title underwriter.)
Copyright 2006-2018 American Land Title Association. All rights reserved. The use of this Form (or any derivative
thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are
prohibited. Reprinted under license from the American Land Title Association.
ALTA Information Collection Form
Attach Legible copy of government issued identification (i.e. passport, driver’s license, etc.)
Type of ID Issuing State or Country % of ownership interest
Attach Legible copy of government issued identification (i.e. passport, driver’s license, etc.)
Type of ID Issuing State or Country % of ownership interest
Attach Legible copy of government issued identification (i.e. passport, driver’s license, etc.)
Type of ID Issuing State or Country % of ownership interest
Attach Legible copy of government issued identification (i.e. passport, driver’s license, etc.)
Type of ID Issuing State or Country % of ownership interest
Copyright 2006-2018 American Land Title Association. All rights reserved. The use of this Form (or any derivative
thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are
prohibited. Reprinted under license from the American Land Title Association.
ALTA Information Collection Form
Attach Legible copy of government issued identification (i.e. passport, driver’s license, etc.)
Type of ID Issuing State or Country % of ownership interest
Attach Legible copy of government issued identification (i.e. passport, driver’s license, etc.)
Type of ID Issuing State or Country % of ownership interest
Attach Legible copy of government issued identification (i.e. passport, driver’s license, etc.)
Type of ID Issuing State or Country % of ownership interest
I declare that to the best of my knowledge, the information I have furnished is true, correct and
complete. I understand that this Title Company will rely on this information for the purposes of
completing any reports made pursuant to an obligation under 31 U.S.C. § 5326(a),
Signature: Date:
Copyright 2006-2018 American Land Title Association. All rights reserved. The use of this Form (or any derivative
thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are
prohibited. Reprinted under license from the American Land Title Association.
615 N. NASH STREET, SUITE 308
EL SEGUNDO, CA 90245
PHONE NO. (800) 794-8094
ATTENTION:
YOUR NO.
1. NONE OF THE ITEMS SHOWN IN THIS REPORT WILL CAUSE THE COMPANY TO DECLINE TO
ATTACH CLTA ENDORSEMENT FORM 100 TO AN ALTA POLICY, WHEN ISSUED.
3. THERE ARE NO CONVEYANCES AFFECTING SAID LAND RECORDED WITHIN TWENTY FOUR (24)
MONTHS OF THE DATE OF THIS REPORT.
ORDER NO.: 10512737
EXHIBIT “A”
LOT 100 OF TRACT NO. 7385, IN THE CITY OF LOS ANGELES, COUNTY OF LOS ANGELES,
STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 81 PAGE(S) 72 AND 73 OF MAPS,
IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
Title V of the Gramm-Leach-Bliley Act (GLBA) generally prohibits any financial institution, directly or
through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party
unless the institution provides you with a notice of its privacy policies and practices, such as the type of
information that it collects about you and the categories of persons or entities to whom it may be
disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of
the privacy policies and practices of Provident Title Company.
We may collect nonpublic personal information about you from the following sources:
Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic
personal information will be collected about you.
We may disclose any of the above information that we collect about our customers or former customers to
our affiliates or to nonaffiliated third parties as permitted by law.
We also may disclose this information about our customers or former customers to the following types of
nonaffiliated companies that perform marketing services on our behalf or with whom we have joint
marketing agreements:
• Financial service providers such as companies engaged in banking, consumer finance, securities
and insurance.
• Non-financial companies such as envelope stuffers and other fulfillment service providers.
WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE
FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW.
We restrict access to nonpublic personal information about you to those employees who need to know
that information in order to provide products or services to you. We maintain physical, electronic, and
procedural safeguards that comply with federal regulations to guard your nonpublic personal information.
For California Residents
If you are a California resident, you may have certain rights under California law, including but not limited
to the California Consumer Privacy Act of 2018 (“CCPA”). All phrases used in this section shall have the
same meaning as those phrases are used under California law, including the CCPA.
Right to Know. You have a right to request that we disclose the following information to you: (1) the
categories of personal information we have collected about or from you; (2) the categories of sources
from which the personal information was collected; (3) the business or commercial purpose for such
collection and/or disclosure of your personal information; (4) the categories of third parties with whom we
have shared your personal information; and (5) the specific pieces of your personal information we have
collected. To submit a verified request for this information, please email us at info@providenttitle.com or
submit a written request to the company via U.S. mail at the address listed below. You may also
designate an authorized agent to submit a request on your behalf by submitting written proof of such
authorization to us via the above email or U.S. mail.
Right of Deletion. You also have a right to request that we delete the personal information we have
collected from you. This right is subject to certain exceptions available under the CCPA and other
applicable law. To submit a verified request for deletion, please email us at info@providenttitle.com or
submit a written request to the company via U.S. mail at the address listed below. You may also
designate an authorized agent to submit a request on your behalf by submitting written proof of such
authorization to us via the above email or U.S. mail.
Verification Process. For either a request to know or delete, we will verify your identity before responding
to your request. To verify your identity, we will generally match the identifying information provided in your
request with the information we have on file about you. Depending on the sensitivity of the personal
information requested, we may also utilize more stringent verification methods to verify your identity,
including but not limited to requesting additional information from you and/or requiring you to sign a
declaration under penalty of perjury.
Right to Opt-Out. We do not sell your personal information to third parties, and do not plan to do so in the
future.
Right of Non-Discrimination. You have a right to exercise your rights under California law, including under
the CCPA, without suffering discrimination. Accordingly, Provident Title will not discriminate against you in
any away if you choose to exercise your rights under the CCPA.
Collection Notice. The following is a list of the categories of personal information we may have collected
about California residents in the twelve months preceding the date this Privacy Notice was last updated,
including the business or commercial purpose for said collection, the categories of sources from which we
may have collected the personal information, and the categories of third parties with whom we may have
shared the personal information:
Categories of
The categories of personal information we have collected include, but may not be
Personal
limited to: real name; signature; alias; SSN; physical characteristics or description,
Information
including protected characteristics under federal or state law; address; telephone
Collected
number; passport number; driver’s license number; state identification card number; IP
address; policy number; file number; employment history; bank account number; credit
card number; debit card number; financial account numbers; commercial information;
internet or other electronic network activity; geolocation data; audio and visual
information; professional or employment information; and inferences drawn from the
above categories to create a profile about a consumer.
Categories of Categories of sources from which we’ve collected personal information include, but
Sources may not be limited to: the consumer directly; public records; governmental entities; non-
affiliated third parties; social media networks; affiliated third parties
Business The business purposes for which we’ve collected personal information include, but may
Purpose for not be limited to: completing a transaction for our Products; verifying eligibility for
Collection employment; facilitating employment; performing services on behalf of affiliated and
non-affiliated third parties; debugging to identify and repair errors that impair existing
intended functionality on our Websites, Applications, or Products; protecting against
malicious, deceptive, fraudulent, or illegal activity
Categories of The categories of third parties with whom we’ve shared personal information include,
Third Parties but may not be limited to: advertising networks; internet service providers; data
Shared analytics providers; service providers; government entities; operating systems and
platforms; social media networks; non-affiliated third parties; affiliated third parties
Categories of Personal Information We Have Sold In The Past Year. We have not sold any personal
information of California residents to any third party in the twelve months preceding the date this Privacy
Notice was last updated.
Categories of Personal Information Disclosed For A Business Purpose In The Past Year. The following is
a list of the categories of personal information of California residents we may have disclosed for a
business purpose in the 12 months preceding the date this Privacy Notice was last updated: The
categories of personal information we have collected include, but may not be limited to: real name;
signature; alias; SSN; physical characteristics or description, including protected characteristics under
federal or state law; address; telephone number; passport number; driver’s license number; state
identification card number; IP address; policy number; file number; employment history; bank account
number; credit card number; debit card number; financial account numbers; commercial information;
internet or other electronic network activity; geolocation data; audio and visual information; professional or
employment information; and inferences drawn from the above categories to create a profile about a
consumer.
Provident Title does not charge a fee to process or respond to your verifiable consumer request unless it
is excessive, repetitive, or manifestly unfounded. If we determine that the request warrants a fee, we will
inform you in writing why we made that decision and provide you with a cost estimate before completing
your request.
We endeavor to respond to a verifiable consumer request within forty-five (45) days of its receipt. If we
require more time (up to an additional 45 days), we will inform you of the reason and extension period in
writing.
Any disclosures we provide will only cover the 12-month period preceding the verifiable consumer
request’s receipt. The response we provide will also explain the reasons we cannot comply with a
request, if applicable.
CUSTODIAN OF RECORDS
Provident Title Company
13245 Riverside Drive, Suite 450
Sherman Oaks, CA 90245
CONDITIONS AND STIPULATIONS
EXCLUSIONS
In addition to the Exceptions in Schedule B, You are not insured against loss, costs, attorneys' fees, and expenses resulting from:
1. Governmental police power, and the existence or violation of any law or government regulation. This includes ordinances, laws and
regulations concerning:
a. building;
b. zoning;
c. land use;
d. improvements on the Land;
e. land division; and
f. environmental protection.
This Exclusion does not limit the coverage described in Covered Risk 8.a., 14, 15, 16, 18, 19, 20, 23 or 27.
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 limit the coverage described in Risk 14 or 15.
3. The right to take the Land by condemning it. This Exclusion does not limit the coverage described in Risk 17.
4. Risks:
a. that are created, allowed, or agreed to by You, whether or not they are recorded in the Public Records;
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;
c. that result in no loss to You; or
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.
5. Failure to pay value for Your Title.
6. Lack of a right:
a. to any land outside the area specifically described and referred to in paragraph 3 of Schedule A; and
b. in streets, alleys, or waterways that touch the Land.
This Exclusion does not limit the coverage described in Covered Risk 11 or 21.
Your insurance for the following Covered Risks is limited on the Owner's Coverage Statement as follows:
* For Covered Risk 16, 18, 19, and 21, Your Deductible Amount and Our Maximum Dollar Limit of Liability shown in Schedule A.
The deductible amounts and maximum dollar limits shown on Schedule A are as follows:
Rev. 11-7-04
2006 ALTA LOAN POLICY (06-17-06)
The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys'
fees, or expenses that arise by reason of:
1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting,
regulating, prohibiting, or relating to
(i) the occupancy, use, or enjoyment of the Land;
(ii) the character, dimensions, or location of any improvement erected on the Land;
(iii) the subdivision of land; or
(iv) environmental protection;
or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the
coverage provided under Covered Risk 5.
(b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6.
2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.
3. Defects, liens, encumbrances, adverse claims, or other matters
(a) created, suffered, assumed, or agreed to by the Insured Claimant;
(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 to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this
policy;
(c) resulting in no loss or damage to the Insured Claimant;
(d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered
Risk 11, 13, or 14); or
(e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Insured Mortgage.
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 the state where the Land is situated.
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 Mortgage and is based upon usury or any consumer credit protection or truth-in-lending law.
6. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction
creating the lien of the Insured Mortgage, is
(a) a fraudulent conveyance or fraudulent transfer, or
(b) a preferential transfer for any reason not stated in Covered Risk 13(b) of this policy.
7. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date
of Policy and the date of recording of the Insured Mortgage in the Public Records. This Exclusion does not modify or limit the
coverage provided under Covered Risk 11(b).
The above policy form may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions
from Coverage, the Exceptions from Coverage in a Standard Coverage policy will also include the following Exceptions from
Coverage:
This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of:
1. (a). Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or
assessments on real property or by the public records; (b) proceedings by a public agency that may result in taxes or assessments, or
notices of such proceedings, whether or not shown by the records of such agency or by the Public Records.
2. Any facts, rights, interests or claims which are not shown by the Public Records but that could be ascertained by an inspection of the
Land or that may be asserted by persons in possession of the Land.
3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records.
4. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an
accurate and complete land survey of the Land and not shown by the Public Records.
5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights,
claims or title to water, whether or not the matters excepted under (a), (b) or (c) are shown by the public records.
6. Any lien or right to a lien for services, labor or material not shown by the public records.
Rev. 11-7-04