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American Land Title Association Owner's Policy of Title Insurance <br /> 2021 v.01.00(07-01-2021) <br /> with Florida modifications <br /> VVESTCOR <br /> existence to a purchaser for value or to a judgment or lien creditor. <br /> 10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that <br /> has been created or attached or has been filed or recorded in the Public Records subsequent to the Date of <br /> Policy and prior to the recording of the deed or other instrument vesting the Title in the Public Records. <br /> DEFENSE OF COVERED CLAIMS <br /> The Company will also pay the costs, attorneys' fees, and expenses incurred in defense of any matter insured <br /> against by this policy, but only to the extent provided in the Conditions. <br /> EXCLUSIONS FROM COVERAGE <br /> The following matters are excluded from the coverage of this policy, and the Company will not pay loss or damage, <br /> costs, attorneys'fees, or expenses that arise by reason of: <br /> 1. a. any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) <br /> that restricts, regulates, prohibits, or relates to: <br /> i. the occupancy, use, or enjoyment of the Land; <br /> ii. the character, dimensions, or location of any improvement on the Land; <br /> iii. the subdivision of land; or <br /> iv. environmental remediation or protection. <br /> b. any governmental forfeiture, police, 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 5 or 6. <br /> 2. Any power of eminent domain. Exclusion 2 does not modify or limit the coverage provided under Covered <br /> Risk 7. <br /> 3. Any defect, lien, encumbrance, adverse claim, or other matter: <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 the Date of Policy, but Known to the <br /> Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date <br /> 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 the Date of Policy (Exclusion 3.d. does not modify or limit the <br /> coverage provided under Covered Risk 9 or 10); or <br /> e. resulting in loss or damage that would not have been sustained if consideration sufficient to qualify the <br /> Insured named in Schedule A as a bona fide purchaser had been given for the Title at the Date of <br /> Policy. <br /> 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights law, <br /> that the transaction vesting the Title as shown in Schedule A 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 <br /> made as a contemporaneous exchange for new value; or <br /> Copyright 2021 American Land Title Association.All rights reserved. <br /> Kit <br /> The use of this Form(or any derivative thereof)is restricted to ALTA licensees and <br /> ALTA members in good standing as of the date of use.All other uses are prohibited. <br /> Reprinted under license from the American Land Title Association. <br /> OP-61 FL ALTA 07-01-2021 Owner's Policy of Title Insurance(FLORIDA)(ALTA 7-01-2021) (WLTIC Edition 8/12/2022) <br />