DC Schedule B Tax Exception 1

This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of the following exceptions:

1. Real property taxes subsequent to September 30, 1994, a lien not yet due and payable; and any special assessment that is not due and payable at the effective date of the proposed policy, regardless of when the charges underlying the assessment were incurred.

No guidelines are available for this form at this time.