Page 182 - ALTA Endorsements Guide

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

Pending disbursement of the full proceeds of the loan secured by the Insured
Mortgage, this Policy insures only to the extent of the amount actually disbursed,
but increases as each disbursement is made in good faith and without Knowledge
of any defects, liens or encumbrances on the Title, up to the face amount of the
Policy. At the time of each disbursement of the proceeds of the loan, the title must
be continued down to that time for defects, liens or encumbrances on the Title,
intervening or recorded between Date of Policy and the date of the disbursement.

PDCX03 Owner's Policy No Downdate Required

Liability hereunder at the date hereof limited to $_______. Liability shall increase
as contemplated improvements are made so that liability hereunder shall be limited
to that sum plus the amount actually expended by the Insured in improvements in
good faith and without Knowledge of any defects, liens or encumbrances on the
Title at the time the expenditure occurs. In no event shall the liability of the
Company hereunder exceed the face amount of this Policy. Nothing contained in
this paragraph shall limit any exception or any printed provision of this Policy.

Railroads

Exceptions
RROX01 Railroad Easement (No Recording Data)

Rights-of-way for railroad, switch tracks, spur tracks, railway facilities and other
related easements, if any, on and across the Land.

RROX02 Railroad Easement (Shown on Survey)

Rights-of-way for railroad, switch tracks, spur tracks, railway facilities and other
related easements, if any, on and across the Land along the _________ portion of
the Land as shown on survey dated ___________ by _____________.

RROX03 Railroad Easement (Recorded)

Rights-of-way for railroad, switch tracks, spur tracks, railway facilities and other
related easements, if any, on and across the Land along the ___________ portion
of the Land recorded _____________.

Regulatory Agreements

Exceptions
REGX01 Low Income Housing Agreement

Terms and provisions of an agreement relating to low and moderate income
housing, recorded ___________.

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