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ALTA ENDORSEMENT RETURN TO TABLE OF CONTENTS
Endorsement 14.3
Future Advance - Reverse Mortgage
[2021 v. 01.01 (04-02-2024)]
5. This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from:
a. The invalidity, unenforceability, or lack of priority of the lien of the Insured Mortgage as security for any Advance made after a Petition for Relief
under the Bankruptcy Code (11 U.S.C.) has been filed by or on behalf of the mortgagor;
b. The lien of real estate taxes or assessments on the Title imposed by governmental authority arising after the Date of Policy;
c. The lack of priority of the lien of the Insured Mortgage as security for any Advance to a federal tax lien, which Advance is made after the earlier of:
i. Knowledge of the Insured that a federal tax lien was filed against the mortgagor; or
SAMPLE
ii. the expiration, after notice of a federal tax lien filed against the mortgagor, of any grace period for making disbursements with priority over
the federal tax lien provided in the Internal Revenue Code (26 U.S.C.);
d. Any federal or state environmental protection lien[; or]
e. Any usury law or Consumer Protection Law[; or
f. Any mechanic’s or materialman’s lien].
6. The Indebtedness includes Advances.
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]
[Date]
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
By: ______________________________
[Authorized Signatory]
Visit us online at: oldrepublictitle.com/ncs 114
