Page 244 - ALTA Endorsements Guide

ALTA ENDORSEMENT RETURN TO TABLE OF CONTENTS

Endorsement 36.8-06
Energy Project - Fee Estate - Loan Policy
Adopted 12-01-14

b. The policy does not insure against loss or damage (and the Company will not pay any costs, attorneys’ fees, or expenses) relating to: (i) the
attachment, perfection, or priority of any security interest in any Severable Improvement; (ii) the vesting or ownership of title to or rights in any
Severable Improvement; (iii) any defect in or lien or encumbrance on the title to any Severable Improvement; or (iv) the determination of whether
any specific property is real or personal in nature.

5. Additional items of loss covered by this endorsement:
If the Insured acquires all or any part of the Title in accordance with the provisions of Section 2 of the Conditions of the policy and thereafter is Ejected,
the following items of loss, if applicable to that portion of the Land from which the Insured is Ejected, shall be included, without duplication, in
computing loss or damage incurred by the Insured, but not to the extent that the same are included in the valuation of the Title determined pursuant
to Section 3 of this endorsement, the valuation of Severable Improvements pursuant to Section 4 of this endorsement, or Section 8(a)(iii) of the Conditions:
a. The reasonable cost of: (i) disassembling, removing, relocating and reassembling any Severable Improvement that the Insured has the right
to remove and relocate, situated on the Land at the time of Ejection, to the extent necessary to restore and make functional the integrated
project; (ii) transportation of that Severable Improvement for the initial one hundred miles incurred in connection with the restoration or
relocation; and (iii) restoring the Land to the extent damaged as a result of the disassembly, removal and relocation of the Severable
Improvement and required of the Insured solely because of the Ejection.
b. Payments or damages for use and occupancy of the Land prior to the Ejection that the Insured may be obligated to pay to any person having
paramount title to that of the Insured.
c. SAMPLE
The fair market value, at the time of the Ejection, of the estate or interest of the Insured in any lease or easement, as applicable, made by the
Vestee as lessor or grantor of all or part of the Title.
d. Damages caused by the Ejection that the Insured is obligated to pay to lessees or easement grantees on account of the breach of any lease or
easement, as applicable, made by the Vestee as lessor or grantor of all or part of the Title.
e. The reasonable cost to obtain land use, zoning, building and occupancy permits, architectural and engineering services, and environmental
testing and reviews for a fee estate in a replacement parcel of land reasonably equivalent to the parcel that is the subject of the Ejection.
f. If any Electricity Facility is not substantially completed at the time of Ejection, the actual cost incurred by the Insured up to the time of Ejection,
less the salvage value, for the Electricity Facility located on that portion of the Land from which the Insured is Ejected. Those costs include costs
incurred to construct and fabricate the Electricity Facility, obtain land use, zoning, building and occupancy permits, architectural and engineering
services, construction management services, environmental testing and reviews, landscaping, and cancellation fees related to the foregoing.

6. 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 244