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ALTA OWNER'S POLICY - 10- 17-92 WITH FLORIDA MODIFICATIONS
<br /> " If you ,want information about coverage or need assistance to resolve complaints , please call 1 -800-729- 1902 . If you make ai;
<br />laim under ,your policy ,
<br /> you must furnish wNtten notice in accordance with Section 3 of the Conditions and Stipulations . "
<br /> Visit G. , World-Wide Web site at : htto ://www .stewart .com
<br /> � Y �
<br /> POLICY OF TITLE INSURANCE ISSUED BY
<br /> r
<br /> t t
<br /> } S T EWART TITLE +
<br /> }
<br /> + GUARANTY COMPANY +
<br /> + SUBJECT TO THE EXCLUSIONS FROM COVERAGE , THE EXCEPTIONS FROM COVERAGE CONTAINED IN +
<br /> + SCHEDULE B AND THE CONDITIONS AND STIPULATIONS , STEWART TITLE GUARANTY COMPANY , a Texas +
<br /> } corporation , herein called the Company , insures, as of Date of Policy shown in Schedule A, against loss or
<br /> damage , not }
<br /> + exceeding the Amount of Insurance stated in Schedule A , sustained or incurred by the insured by reason of : +
<br /> t 1 . Title to the estate or interest described in Schedule A being vested other than as stated therein ; }
<br /> t 2 . Any defect in or lien or encumbrance on the title ; }
<br /> 3 . Unmarketability of the title ;
<br /> +
<br /> 4 . Lack of a right of access to and from the land.
<br /> } The Company will also pay the costs , attorneys' fees and expenses incurred in defense of the title , as insured
<br />, but only +
<br /> + to the extent provided in the Conditions and Stipulations. +
<br /> + IN WITNESS WHEREOF , Stewart Title Guaranty Company has caused this policy to be signed and sealed by its }
<br /> 4 duly authorized officers as of the Date of Policy shown in Schedule A, +
<br /> + STEWART TITLE }
<br /> }
<br /> GUARANTY COMPANY �
<br /> f Chairm n of the Boar President L, +
<br /> + signed :
<br /> } Au orized ,\IgRhi
<br /> + Stewart Title of Indian River County _ _
<br /> Company
<br /> + Vero Beach , Florida }
<br /> City, State
<br /> } EXCLUSIONS FROM COVERAGE }
<br /> The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage ,
<br /> costs , attorneys ' fees or
<br /> } expenses which arise by reason of: } °
<br /> 1 . (a) Any law, ordinance or governmental regulation ( including but not limited to building and zoning laws , ordinances ,
<br /> or regulations) restricting ,
<br /> t regulating , prohibiting or relating to ( i ) the occupancy, use, or enjoyment of the land ; (ii) the character, dimensions
<br />or location of any improvement now or +
<br /> } hereafter erected on the land ; ( iii ) a separation in ownership or a change in the dimensions or area of the land or
<br /> any parcel of which the land is or was a }
<br /> part; or (iv) environmental protection , or the effect of any violation of these laws, ordinances or governmental regulations, except
<br /> to the extent that a notice of
<br /> + the enforcement thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting
<br /> the land has been recorded in the }
<br /> public records at Date of Policy.
<br /> } ( b) Any governmental police power not excluded by (a) above , except to the extent that a notice of the exercise thereof
<br /> or a notice of a defect, lien or 1
<br /> encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of
<br /> Policy. }
<br /> 2 . Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy,
<br />but not excluding from coverage
<br /> + any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without
<br /> knowledge. t
<br /> } 3 . Defects, liens, encumbrances, adverse claims or other matters :
<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 Date of Policy , but known to the insured
<br /> claimant and not disclosed in writing to }
<br /> the Company by the insured claimant prior to the date 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 Date of Policy; or
<br /> + (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate
<br /> or interest insured by this policy. }
<br /> } 4 . Any claim , which arises out of the transaction vesting in the Insured the estate or interest insured by this policy ,
<br /> by reason of the operation of federal }
<br /> bankruptcy, state insolvency, or similar creditors' rights laws, that is based on :
<br /> r (a) the transaction creating the estate or interest insured by this policy being deemed a fraudulent conveyance or fraudulent transfer;
<br /> or }
<br /> ( b) the transaction creating the estate or interest insured by this policy being deemed a preferential transfer except where
<br /> the preferential transfer results
<br /> + from the failure : t
<br /> ( i) to timely record the instrument of transfer; or
<br /> ( ii) of such recordation to impart notice to a purchaser for value or a judgment or lien creditor.
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