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<br /> COVERED RISKS(Continued)
<br /> 9. The being vested other than as stated ht Schedule A or being defective (1)to be body,or
<br /> - (a) as a result of the avoidance In whole or in part,or from a court order (tq to Impart notice of is existence to a purchaser for value or to
<br /> providing an alternative remedy,of a transfer of all or any pert of the a Judgment or lien creditor.
<br /> title to or any interest in the Land oocurdng prior to the tansatt ri 10. Any defect In or Nen or encumbrance on the Tele or other metier Induced
<br /> vesing Title as shown In Schedule A because that prior transfer it Covered Risks 1 through 9 that has been created or attached or has
<br /> constituted a fraudulent or preferential transfer under federal bank- been filed or recorded in the Public Records subsequent to Date of Policy
<br /> ruptcy,state insolvency,or sknliarcredltors'rights laws:or and prior to the mooning cilia deed or other Instrument.of transfer In the
<br /> (b) because the instrument of transfer vestlng Title as shout In Schedule Public Records that vests Tine as shown In Schedule A.
<br /> A constitutes a preferential transfer under federal bankrupiyr.state The Company will also pay the cafe,attorneys'fees,end expenses insured
<br /> insolvency,or indar creditors'rights laws by reason of die failure of ' kr defense of any mattes kneed against by this Policy,but only to the extent
<br /> Is recording In the Public Records provided in the Co diions.
<br /> EXCLUSIONS FROM COVERAGE
<br /> The following mateis are expressly excluded from to coverage of this policy, (b) not Rem to the Company,not recorded in the Public Records at
<br /> and the Company wit not pay loss or damage,costs, attorneys' fees, or Data of Poky,but Known to the Insured Claimant and not disclosed
<br /> expenses that arise by res son.of: In writing to die Company by the!named Claimant!Mato to the date
<br /> 1. (a) Any law,ordinance.permit,or governmental regulation(Induerng the loured askant became an insured under this poky;
<br /> those raising to building and zoning)restricting,regulating,prohibit- (c) readthm in no loss or Menage to the hawed Clatmamtk
<br /> hg,orrebling to (d) satelfing or created subsequent to Date of Policy(however.this does
<br /> (I) the occupamoy,use.or enjoyment of the Land: not modify or Amit the coverage provided under Covered Risk 9 and
<br /> • (t) the character, dimensions,or location of any Improvement 10);or
<br /> erected on the Land; (e) mauling in foes or damage that would not have been sustained if the
<br /> (Ii) the subdivision of land;or insured Claimant had paid value for the Title.
<br /> (iv) environmental protection: • 4. Any daim,by reason of the operation of federal bankruptcy,y,slate Insokveroy,
<br /> or the elect of my violation of these laws,ordnances,or governmental regu- or elmter cruors' rights law—,that the transaction vesting the Title es
<br /> tutors.Title Exckrefon 1(e)does not modify or limit the coverage provided shown in Srlred ie A,ib
<br /> under Covered Risk 6. (a) a iraudtltent corweysrrce or kaudulent transfer;or
<br /> (b) Ary governmental poke power.This Media lcn 1(b)does not modiy (b) a preferential transfer br any reason not stated in Covered Risk 9
<br /> or Unit the coverage provided under Covered Risk 8. of this policy.
<br /> 2. Rights of eminent domain.This Exclusion does not modify or limit the b. My Ilan on the Title br real estate tensa or assessments imposed by
<br /> coverage provided under Covered Risk 7 or 8. governmental authority and created or attaching-between Date of Policy
<br /> 3. Defects,tens,enambranae,adverse claims,or other meters end the date of recordng of the deed or other isttanent of kande Iii to
<br /> (a) crested,suffered,assumed,or agreed to by the insured Claimant; Public Records that vests Tide as shown In Schedule A
<br /> cONDmONs
<br /> 1. DEFINITION OF TERMS hewed named in Schedule A for estate planning
<br /> The following terms when used in this policy mesa: purposes.
<br /> (a) 'Amount of Insurance":The amount elated in Schedule A,as may be t}i) .i Ih regard to(A).(g),(C),and(D)reserving.however,all rights
<br /> Increased or decreased by endorsement to tide policy,iteressed by end defenses es to any successor that the Company would '
<br /> Section 8(b), or decreased by Sections 10 and 11 of these have had against any predecessor Insured.
<br /> Conditions. (e) Insured Claimant'".An insured dainkg loss or damage. •
<br /> (b) 'Date of Policyy'.The date designated as'Date of Polo/in Schedule A (I) ^K, "ar'7tnowri:Actual knowledge,not castnrctNe know-
<br /> (c) 'Erhlty%A corporation,partnership,tont,.limited liability company,or ledge or notice first may be knputed to an Insured by reason of the •
<br /> other sknilar legal entity. Public Records or any other records that impart constructive notice
<br /> 00 Insured":The insured named in Schack&A of matters affecting the Title. •
<br /> (t) The term Insured"also includes (g) "Lear The land descxbed in Schedule A,and affixed!warms*
<br /> that by law constitute real property. The tame'Land"does not r
<br /> (A) successors to the Title of the Insured by operation of law include any property beyond the lies of the area described In
<br /> as distinguished from purdrsoe,including hada.devisees, Schedule A,nor any right,Ole,Interest,estate,or eaearnent.ln abulthl
<br /> survivors,personal representatives,or next of holm: streets,wads,avenues,alleys,lanes,
<br /> ways,or waterways,of access
<br /> (8) successors to an Insured by dissolution, merger, con- does not modify or Snit the extent that a
<br /> solideton,distribution.or reorganization:' to Land Is Insured by this policy. tto o and from but this
<br /> (C) successors to en Insured by Ile conversion to another (h) 'Iitertgagte:!age,deed of trust,trust deed.or ober security
<br /> kind et Entity, inettaiment,kstudig one evidenced by electronic means authorized i
<br /> (D) a grantee of an hewed under a deed delivered without by .
<br /> payment of actual valuable consideration conveying the 0) "Public Records`.Records eetabnehed wider stake statutes at Date
<br /> Yate of Policy for the purpose of Imparting constructive voice of matters
<br /> (1) 9 the stock,shares,memberships,or other equity relating t0 meal property t0 purchasers for value and without Know.
<br /> Interests of the grantee are wholly-owned by the WM to Covered Risk 8(d), "Public Records"alai
<br /> tarred insuredalso include ennvtdnmenial protecton Ions Red In the records of the
<br /> clerk(2) ithe grantee wholly owns the named Insured, Is Is located. States f>lelkt Court for the district where Ira
<br /> (3) 9 to grades is wholy-owned by an adplated Errsty (D "Title"The estate or interest described in Schedule A.
<br /> of the named insured,provided the affiliated Entity
<br /> ) 'Unnerhelble Teen:Tide effected by an Memel or apparent meter
<br /> and the nerved Emit dose heti vvholy-owned by the that would permit a prospective purchaser orThe lessee of the e or
<br /> person or Ertsty •
<br /> same 'or.
<br /> lender on ate Tide to be released torn the obligation to purchase,
<br /> (4) 9 the grantee la a trustee orbertetdary of a trust
<br /> created by a written tnstrtrmnerrt established by the lease,or lend 9 dare fa a contractual oondfiton the delivery
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