Page 100 - ALTA Endorsements Guide
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ALTA ENDORSEMENT RETURN TO TABLE OF CONTENTS
Endorsement 13.1-06
Leasehold – Loan
Revised 04-02-12
d. The fair market value, at the time of the Eviction, of the estate or interest of the Insured in any lease or sublease permitted by the Lease and made
by the Tenant as lessor of all or part of the Leasehold Estate or the Tenant Leasehold Improvements.
e. Damages caused by the Eviction that the Insured is obligated to pay to lessees or sublessees on account of the breach of any lease or sublease
permitted by the Lease and made by the Tenant as lessor of all or part of the Leasehold Estate or the Tenant Leasehold Improvements.
f. The reasonable cost to obtain land use, zoning, building and occupancy permits, architectural and engineering services and environmental
testing and reviews for a replacement leasehold reasonably equivalent to the Leasehold Estate.
g. If Tenant Leasehold Improvements are not substantially completed at the time of Eviction, the actual cost incurred by the Insured, less the
SAMPLE
salvage value, for the Tenant Leasehold Improvements up to the time of Eviction. Those costs include costs incurred to obtain land use, zoning,
building and occupancy permits, architectural and engineering services, construction management services, environmental testing and
reviews, and landscaping.
4. This endorsement does not insure against loss, damage or costs of remediation (and the Company will not pay costs, attorneys’ fees or expenses)
resulting from environmental damage or contamination.
This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii)
modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous
endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the
terms and provisions of the policy and of any prior endorsements.
[Witness clause optional]
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
By: ______________________________
[Authorized Signatory]
Visit us online at: oldrepublictitle.com/ncs 100
