|
ATTACHMENT ONE
<br /> (CONTINUED)
<br /> CLTAIALTA HOMEOWNER'S POLICY OF TITLE INSURANCE (7-01-21)
<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
<br /> by 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 /> il. the character,dimensions,or location of any improvement on the Land;
<br /> Ill. 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.
<br /> Exclusion 1 does not modify or limit the coverage 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 /> d. attaching or created subsequent to the Dale 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'I1 or 21.
<br /> S. The failure of Your existing structures,or any portion of Your existing structures,to have been constructed before,on, or after the Dale of Policy in
<br /> accordance with applicable building codes,Exclusion 5 does not modify or limit the coverage provided under Covered Risk 14 or 16,
<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
<br /> 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
<br /> in Schedule A.
<br /> The deductible amounts and maximum dollar limits shown on Schedule A are as follows:
<br /> Your Deductible Amount Our Maximum Dollar Limit of Liability
<br /> Covered Risk 16: 1.00%of Policy Amount Shown in Schedule A or$2,500.00 $ 10,000.00
<br /> (whichever Is less)
<br /> Covered Risk 18: 1.00%of Policy Amount Shown in Schedule A or$5,000.00 $ 25,000.00
<br /> (whichever Is less)
<br /> Covered Risk 19: 1.00%of Policy Amount Shown in Schedule A or$5,000.00 $ 25,000.00
<br /> (whichever Is less)
<br /> Covered Risk 21: 1.00%of Policy Amount Shown in Schedule A or$2,600,00 $ 5,000.00
<br /> (whichever is less)
<br /> Page 15 of 20
<br /> Attachment One(11104/22)
<br />
|