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SECURITY ny UNION <br />Issued by: <br />SANTA CLARA <br />LAND TITLE COMPANY <br />3235 Kearney St. - Suite 140 <br />Fremont, CA 94538 <br />Phone: (415) 659 -1 <br />Form No. 12000 <br />ALTA LOAN POLICY (10- 21 -87) <br />WITH ALTA ENDORSEMENT —FORM 1 COVERAGE <br />POLICY OF TITLE INSURANCE <br />SECURITY UNION TITLE INSURANCE COMPANY <br />SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CON- <br />TAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, SECURI <br />INSURANCE COMPANY, a California corporation, herein called the Company, insures, <br />shown n Schedule A, against loss or damage, not exceeding the Amount of Insuransta <br />sustained or incurred by the insured by reason of: <br />I. Title to the estate or interest described in Schedule A being vested other than as state Min; <br />2. Any defect in or lien or encumbrance on the title; <br />3 Unmarketability of the title; <br />4 Lack of a right of access to and from the land; <br />5 The invalidity or unenforceability of the lien of the ins j1 mortgage upon the title; <br />6- The priority of any lien or encumbrance over the lien of the s ed mortgage; <br />7. Lack of priority of the lien of the insured mortgage over an�tutory lien for services, labor or <br />material: <br />UNION TITLE <br />Date of Policy <br />Schedule A, <br />(a) arising from an improvement r *k r -d to the land which is contracted for or commenced <br />prior to Date of Policy; or <br />(h) arising from an improvement to the land which is contracted for or commenced <br />subsequent to Date of Policy � <br />y y �. s financed in whole or in part by proceeds of the <br />indebtedness secured by the insure ortgage which at Date of Policy the insured has advanced <br />or is obligated to advance; <br />8. Any assessor • _ treet improvements under construction or completed at Date of Policy which <br />now have g' or here' er may gain priority over the lien of the insured mortgage; <br />9 The mvdtdt unentdra ability of any assignment of the insured mortgage, provided the assign- <br />ment is show .4 dui' A, or the failure of the assignment shown in Schedule A to vest title to the <br />insured mortgagdMath named insured assignee free and clear of all liens. <br />The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title or the lien of <br />the insured mortgage, as insured, but only to the extent provided in the Conditions and Stipulations. <br />SECURITY UNION TITLE INSURANCE COMPANY <br />BY: <br />BY: <br />eVX <br />President <br />- at- <br />Set retan <br />