Page 108 - ALTA Endorsements Guide
P. 108

A L T A                   E N D O R S E M E N T

                1-06  to  9.6.1-06  9.7-06  to  17.1-06  17.2-06  to  28.3-06  29-06  to  36.6-06  36.7-06  to  46-06

                                                 ALTA ENDORSEMENT 35-06

                              MINERALS AND OTHER SUBSURFACE SUBSTANCES – BUILDINGS

                                                       Adopted (4-2-12)

               1.  The insurance provided by this endorsement is subject to the exclusion in Section 4 of this
                   endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in
                   Schedule B, and the Conditions in the policy.

               2.  For purposes of this endorsement only, “Improvement” means a building on the Land at Date of
                   Policy.

               3.  The Company insures against loss or damage sustained by the Insured by reason of the enforced
                   removal or alteration of any Improvement resulting from the future exercise of any right existing at
                   Date of Policy to use the surface of the Land for the extraction or development of minerals or any
                   other subsurface substances excepted from the description of the Land or excepted in Schedule B.
               4.  This endorsement does not insure against loss or damage (and the Company will not pay costs,
                   attorneys' fees, or expenses) resulting from:
                   a.  contamination, explosion, fire, flooding, vibration, fracturing, earthquake or subsidence; [or]

                   b.  negligence by a person or an Entity exercising a right to extract or develop minerals or other
                       subsurface substances [; or
                   c.  the exercise of the rights described in (                        )]. *

                       * Instructional note:  identify the interest excepted from the description of the Land in Schedule A
                       or excepted in Schedule B that you intend to exclude from this coverage.


               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.



























               101


                                                  oldrepublictitle.com
   103   104   105   106   107   108   109   110   111   112   113