Author: Roger Therien
Company: Dell Computer Corporation

State: California

Form:	CLTA Form 119	Date: January 1, 1993

Subject:	Provides Lender with coverage relating to the execution and priority of a particular Lease excepted in Schedule B. It may be issued with an ALTA or CLTA Policy.

Requirements for Issuance:

1.	Review documents in the chain of title to confirm that the lease was properly executed by the record fee owner and that there has been no cancellation or termination of the lease; and

2.	Review General Index for any issue which might affect the validity of the Lessor's execution, e.g., pending bankruptcy or incompetency proceedings; and

3.	Verify that the lease is shown in Schedule B in the order of its priority; be wary of any subordination of the lease to subsequent encumbrances either by separate document or by operation of automatic subordination in the lease itself.

Preparation Instructions:

A.	Insert number of paragraph where Lease is excepted in Schedule B (delete "of Part Two" if issuing with an ALTA Policy).