Escrow & Title
A Nebraska title company issues a commitment for title insurance. Schedule B lists exceptions. These exceptions represent:
AItems the title company guarantees will be cleared
BKnown defects or encumbrances not covered by the policy✓ Correct
CPotential claims the title company will defend against
DTaxes already paid
Explanation
Schedule B exceptions are known defects, liens, easements, or encumbrances that the title insurance policy will NOT cover. Buyers should review Schedule B carefully before closing.
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