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Schedule B~Section 2
<br />No. 15-02820
<br />Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are
<br />disposed of to the satisfaction of the Company (all clauses, if any, which indicate any preference, limitation or
<br />discrimination based on race, color, religion, national origin or other protected category are omitted from all building and
<br />use restrictions, covenants and conditions, if any, shown herein):
<br />A GAP COVERAGE: Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in
<br />the public records, or attaching subsequent to the effective date hereof but prior to the date the Proposed Insured
<br />acquires of record for value the estate or interest or mortgage thereon covered by this Commitment. Note: This
<br />exception will be removed from all Al TA policies issued by Burnet Title, if Burnet Title provides insured closing
<br />services and the Company requirements as they pertain to "Gap Coverage" have been complied with.
<br />B. STANDARD EXCEPTIONS: The following Standard Exceptions will remain on all policies issued unless eliminated
<br />in whole or in part by Section B-1 or by Endorsement after the Company has completed a risk assessment which may
<br />include a lien audit, property inspection, plat drawing, or other documentation. There will be an additional service fee for
<br />any risk assessment requested. ·
<br />1. Rights or claims of parties in possession not shown by the public records.
<br />2. Any encroachment, encumbrance, violation, variation or adverse circumstance affecting the Title that would be
<br />disclosed by an accurate and complete land survey of the Land.
<br />3. Any Lien, or rights to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and
<br />not shown by the public records.
<br />C. SPECIAL EXCEPTIONS:
<br />1. Any other matter Including pending assessments, if any, which would be insured by the owner's title policy but was
<br />either assumed or accepted by the Buyer(s) in the deed to the Buyer(s}, the Purchase Agreement; or which the
<br />Buyer{s)was aware of and did not disclose to Burnet Title in writing prior to closing.
<br />2. Homeowners Association monthly dues and assessments levied or pending, If any.
<br />3. No coverage is provided for unpaid utility, water or sewer services or fees for tree, weeds, grass, snow, garbage
<br />removal, open city work order, vacant or abandoned property fees, Truth in Housing or any other fees.
<br />4. Rights of tenants as tenants only.
<br />5. Rights of the Public to streets, highways and/or alleys.
<br />6. Minerals and mineral rights.
<br />7. All assessments and taxes due and. payable in the year of closing, and thereafter.
<br />8. Proceedings by a public agency which may result in taxes or assessments or notice of such proceedings, whether or
<br />not shown by the records of such agency or by the public records.
<br />9. Any judgments, tax liens, bankruptcies or other claims against the Purchaser to be named.
<br />The right is reserved to make additional requirements and/or exceptions as a Purchase Agreement is obtained and
<br />further searches made.
<br />10. Terms and conditions of Easement for Private Driveway, dated August 29, 1958, filed September 5, 1958, as
<br />Document No. 3135397.
<br />11. Terms and conditions of Easement for Private Driveway, dated October 26, 1959, filed November 2, 1959, as
<br />Document No. 3204981.
<br />12. Terms and conditions of Driveway Easement Agreement, dated December 26, 1990, filed December 31, 1990, as
<br />Document No. 5736294.
<br />13. Terms and conditions of Easement Agreement, dated December 26, 1990, filed December 31, 1990, as Document No.
<br />5736295.
<br />(rev. 7/1/14)
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