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Section 1: Schedule A 

 Schedule A delivers key information about the title insurance policy, such as:

• Effective Date: Reflects the date until which the title search was conducted. Any title issues found until this date will be outlined in the commitment.

• Proposed Insured: Displays the potential buyer(s) and lender(s), if any.

• Policy Amount : Represents the coverage amount provided by the title insurance policy. Usually, this is the purchase price for the owner's policy and the loan value for the lender's policy.

• Estate or Interest: Describes the type of ownership interest (e.g., fee simple) in transition.

• Legal Description: Offers a comprehensive property description, covering boundaries, lot number, and subdivision name.

Section 2: Schedule B-I (Requirements) 

Schedule B-I enumerates the specific prerequisites that must be fulfilled before the title insurance policy is issued. These include:

• Clearing of existing liens or mortgages.

• Discharge of judgments, tax liens, or other burdens.

• Proper execution and recording of the deed.

• Settlement of property taxes.

• Adherence to any property-related easements or restrictions.

It's imperative to familiarize yourself with and meet these requirements as they're pivotal for the closing process.

Section 3: Schedule B-II (Exceptions) 

Schedule B-II details the standard and specific exceptions not covered by the title insurance policy. They encompass:

• Standard Exceptions: Typical exclusions like boundary disputes, unseen easements in public records, or unlisted liens or encumbrances.

• Specific Exceptions: Issues discovered during the title search that pertain to the property. Examples are recorded easements, CC&Rs (covenants, conditions, and restrictions), or other agreements.

It's essential to thoroughly inspect Schedule B-II since these exceptions indicate items not covered by the title insurance company. If any of the exceptions raise concerns, consult with your title agent or real estate attorney.

Section 4: Conditions and Stipulations 

This segment elaborates on the general terms, conditions, and stipulations pertaining to the title insurance policy. It covers:

• Scope and limits of the policy coverage.

• Duties and rights of the policyholder.

• Protocols for claim filing or dispute resolution.

Diligently review this section to gain clarity on your obligations and rights under the policy.