ALTA Master Residential Loan Policy Schedules A and B, Residential Loan Certificate and Addendum 1992

MASTER RESIDENTIAL LOAN POLICY NO.

SCHEDULE A

This Master Residential Loan Policy (Master Policy) is effective ___________________, 20_____, between the Company and the Insured. With respect to each mortgage insured by this Master Policy, the Date of Policy under this Master Policy shall be the Date shown on the Certificate issued.

The coverage afforded by this Master Policy and each Certificate issued which makes reference to this Master Policy insures the insured in accordance with and subject to the terms, exclusions, conditions, and stipulations set forth in the American Land Title Association Loan Policy (10-17-92).

1. Amount: The amount of insurance stated in each Certificate which makes reference to this Master Policy as it applies to the land described in the mortgage identified in the Certificate.

2. Name of Insured: ______________________________________________ its successors and/or assigns of the insured mortgage as their interests may appear.

3. The title to the fee simple estate in the land is at the Date of each Certificate vested in those borrowers named in the Certificate.

4. The mortgages insured by this Master Policy are identified in the Certificates issued by the Company by the borrower's name, loan number, amount of mortgage and the county and state where the land is located.

5. The land referred to in this Policy is the land described in the insured mortgage identified in the Certificates.

SCHEDULE B

EXCEPTIONS FROM COVERAGE AND

AFFIRMATIVE ASSURANCES

This Master 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 matters set forth below, except to the extent that the Company does insure in accordance with and subject to its terms, against loss or damage which the insured shall sustain by reason of any inaccuracies in the affirmative assurances set forth below, except as limited in any addendum attached to the Certificates:

1. Those taxes and special assessments which become due and payable subsequent to Date of Certificate.

2. Covenants, conditions and restrictions, if any, appearing in the public records. This Master Policy insures that the same have not been violated, except that such affirmative assurance does not extend to covenants, conditions and restrictions relating to environmental protection unless a notice of a violation thereof has been recorded or filed in the public records and is not referenced in an addendum attached hereto. Further, this Master Policy insures that any future violation of any covenants, conditions and restrictions appearing in the public records, including any relating to environmental protection, will not result in a forfeiture or reversion of title and that there are no provisions therein under which the lien of the insured mortgage can be extinguished, subordinated or impaired.

3. Any easements or servitudes appearing in the public records. This Master Policy insures that none of the improvements encroach upon the easements and that any use of the easements for the purposes granted or reserved will not interfere with or damage the improvements, including lawns, shrubbery and trees.

4. Any lease, grant, exception or reservation of minerals or mineral rights appearing in the public records. This Master Policy insures that the use of the land for residential one-to-four family dwelling purposes is not, and will not be, affected or impaired by reason of any lease, grant, exception or reservation of minerals or mineral rights appearing in the public records and this Master Policy insures against damage to existing improvements, including lawns, shrubbery and trees, resulting from the future exercise of any right to use the surface of the land for the extraction or development of the minerals or mineral rights so leased, granted, excepted or reserved. Nothing herein shall insure against loss or damage resulting from subsidence.

5. This Master Policy insures against loss or damage by reason of any violation, variation, encroachment or adverse circumstance affecting the title that would have been disclosed by an accurate survey. The term "encroachment" includes encroachments of existing improvements located on the land onto adjoining land, and encroachments onto the land of existing improvements located on adjoining land.

RESIDENTIAL LOAN CERTIFICATE

ONE-TO-FOUR FAMILY

Issued by

STEWART TITLE GUARANTY COMPANY

SCHEDULE A

Amount of Insurance:

[Premium: __________ ]

[File Number: ____ ]

Mortgage Amount:

Certificate Number:

Loan Number:

Mortgage Date:

Date of Certificate: ___________

(or the date of recording of the insured mortgage, whichever is later.)

Name of Insured:

Name of Borrower(s):

Property Address:

County and State:

This Certificate is issued in conjunction with a Master Residential Loan Policy issued to the above insured.

The estate or interest in the land identified in this Schedule A and which is encumbered by the insured mortgage is fee simple and is at Date of Certificate vested in the borrower(s) shown in the insured mortgage and named above.

The land referred to in this Certificate is described as set forth in the insured mortgage and is identified as the property address shown above.

This Certificate consists of [one] page, [including the reverse side hereof,] unless an addendum is attached and indicated below:

_____ Addendum attached

_____ No addendum attached

The ALTA endorsements indicated below are incorporated herein:

_____ ENDORSEMENT 4 (Condominium) or

_____ ENDORSEMENT 4.1

_____ ENDORSEMENT 5 (Planned Housing Unit) or

_____ ENDORSEMENT 5.1

_____ ENDORSEMENT 6 (Variable Rate)

_____ ENDORSEMENT 6.2 (Variable Rate-Negative Amortization)

_____ ENDORSEMENT 7 (Manufactured Housing)

_____ ENDORSEMENT 8.1 (Environmental Protection Lien) referring to the following state statute(s): _______________________________________________________________________________________________

[Witness clause optional]

SUBJECT TO THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B BELOW, AND ANY ADDENDUM ATTACHED HERETO, STEWART TITLE GUARANTY COMPANY, A TEXAS CORPORATION, HEREIN CALLED THE "COMPANY", HEREBY INSURES THE INSURED IN ACCORDANCE WITH AND SUBJECT TO THE TERMS, EXCLUSIONS, CONDITIONS AND STIPULATIONS SET FORTH IN THE AMERICAN LAND TITLE ASSOCIATION LOAN POLICY (10-17-92), THE MASTER RESIDENTIAL LOAN POLICY REFERRED TO HEREIN, ALL OF WHICH ARE INCORPORATED HEREIN. ALL REFERENCES TO SCHEDULES A AND B SHALL REFER TO SCHEDULES A AND B OF THIS CERTIFICATE.

SCHEDULE B

EXCEPTIONS FROM COVERAGE AND

AFFIRMATIVE ASSURANCES

This Certificate does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) by reason of the matters set forth below, except to the extent that the Company does insure in accordance with and subject to its terms, against loss or damage which the insured shall sustain by reason of any inaccuracies in the affirmative assurances set forth below, except as limited in any addendum attached hereto:

1. Those taxes and special assessments which become due and payable subsequent to Date of Certificate.

2. Covenants, conditions and restrictions, if any, appearing in the public records. This Certificate insures that the same have not been violated, except that such affirmative assurance does not extend to covenants, conditions and restrictions relating to environmental protection unless a notice of a violation thereof has been recorded or filed in the public records and is not referenced in an addendum attached hereto. Further, this Certificate insures that any future violation of any covenants, conditions and restrictions appearing in the public records, including any relating to environmental protection, will not result in a forfeiture or reversion of title and that there are no provisions therein under which the lien of the insured mortgage can be extinguished, subordinated or impaired.

3. Any easements or servitudes appearing in the public records. This Certificate insures that none of the improvements encroach upon the easements and that any use of the easements for the purposes granted or reserved will not interfere with or damage the improvements, including lawns, shrubbery and trees.

4. Any lease, grant, exception or reservation of minerals or mineral rights appearing in the public records. This Certificate insures that the use of the land for residential one-to-four family dwelling purposes is not, and will not be, affected or impaired by reason of any lease, grant, exception or reservation of minerals or mineral rights appearing in the public records and this Certificate insures against damage to existing improvements, including lawns, shrubbery and trees, resulting from the future exercise of any right to use the surface of the land for the extraction or development of the minerals or mineral rights so leased, granted, excepted or reserved. Nothing herein shall insure against loss or damage resulting from subsidence.

5. This Certificate insures against loss or damage by reason of any violation, variation, encroachment or adverse circumstances affecting the title that would have been disclosed by an accurate survey. The term "encroachment" includes encroachments of existing improvements located on the land onto adjoining land, and encroachments onto the land of existing improvements located on adjoining land.

ADDENDUM TO RESIDENTIAL LOAN CERTIFICATE

[File Number: _____ ] Addendum to Certificate Number:

SCHEDULE B (Continued)

IN ADDITION TO THE MATTERS SET FORTH ON SCHEDULE B OF THE CERTIFICATE TO WHICH THIS ADDENDUM IS ATTACHED, THIS CERTIFICATE DOES NOT INSURE AGAINST LOSS OR DAMAGE BY REASON OF THE FOLLOWING:

For issuing guidelines on this form, see Guidelines