HomeMy WebLinkAbout1251 STANDARD EXCEIrtIONS FOR OWNER'S POl1CY ~ .
The owrner'3 policy wR1 be~sutiject to the mortjafe. If sny. noted undo item one of Section I of Schedule B hereo[
sad to the toUovviaf sxneptions: (1) ri~us or fiestas of psrtia is possasioa not shown by the pubGt tecocds; (2)
eacroachmenb, overlaps, boundary line disputes. sad any saute:: which would be disclosed by as accurate survey
sad inspection of the pranises: (3) easetasats. or daitro of easements. not shown by the public recocds; (4) any
Ilea, a rifht to a lien, foe sawices, labor, oe material haetofoce or hsreattee furnished. imposed by •law and not
shown by the public records; (S) taus a spedsl asaessmeats which are not shown as existiaf liens by the public
records.
CONDITIONS AND S'TiPUU?T10NS
1. Tbs te::tt "mortfafe." when used herein. shell iadude deed of must. tettst deed, or other se~auity iastrutaent.
2. It the proposed Insured hss or squires actml lmowledfe of any dcfett, Ilea. snwmbrance, adverse claim or other
matte: aReainf the estate or inistat or ~ thereon Covered by this Commitment other thin those shown
is Schedule 8 hereof, and shall lid to d'sdose such kaowledfs to the Company is vrritiaf. the Company shall
bs raliered hom liability for nay loss or damafs tesultia; ham any act of reliance hereon to the extent ~ths
Company is prejudeced by faders w so disclose such kt;owiedSt. It the proposed Insured shall disdose such:
kaowied fe to the Company. or if the Company otherwise enquire actual ;;aoalsdfe of nay such delea, lies,
aswmbrante. adverse claim or other matter. the Company. u its vpcioo may aaaad Schedule 3 of this Commit-
meat stcordinfiy. but such amendment shall not relieve the Crmpaay from liabaity previously iacuaed pursuant
to patafriph 3 of these Coadidon.~ and Stipulation-
3. I.iabdity of the Company wader this Comnuanatt shaIl be only to the rimed proposed Iastrre~d and such parties
included under the dsRaicion of Iastaed is the tam of polity or polieia cotrtnutud for and only for sctual lost
incurred is rdiaact hereon in nadtmkiaf is food faith (a) to comply with the requicaaents hereof. or (b) to
dimiaata exuptioas shown is Schedule lI, or (e) to acquire or aeate the estate a interest or mortfafe thereon
covetzd by this Commitment Ia ao event shaII such 4ab~7ity exceed the atoount stated is Schedule A for the
polity or policies coatmitte~ fa and such liabdiry ~
subject to the ittsurinf provisions, the Exclusions irons
Covaafe-and the Coaditioas and Stipuluioos of tie form o[ poGry or- policies camtaitted for is favor of the
proposed Insured which ate hereby incorpoated by reference and are made a pea of this Commitment except
i
as expressly modified hernia. '
4. Aay attioa or acdoas or rifhts of anion that the proposed Insured may have or racy brief afaiast the Company
~ arisin= out of the status of tbs tills to the state or interest or the status of the saortfafe thereon covered by this
Commitment must be based on sad are subje~ to :St provisions of this Commitment.
F~ibit "D"
. .
F
I`~
1 f
~ - INITIAL
600K J~ PAGE 1~.J~ .
-
_v