Page 266 - ALTA Endorsements Guide
P. 266

ALTA ENDORSEMENT                                                          RETURN TO TABLE OF CONTENTS





        ALTA 42

        Commercial Lender Group Endorsement



        The ALTA 42 endorsement may be requested when there is a group of lenders who own portions
        of the indebtedness. A Participant is an Insured under the policy to the extent of its ownership of
        a portion of the Indebtedness, whether it acquires its portion of the Indebtedness on or after Date

        of Policy. This endorsement indemnifies the Insured against loss or damage sustained because
        of the invalidity unenforceability, or loss of priority of the lien of the Insured Mortgage caused

        by transfers of any portion of the Indebtedness by the Participants after the Date of Policy. This
        endorsement is available for loan policies only.




























































     Visit us online at: oldrepublictitle.com/ncs                                                      266
   261   262   263   264   265   266   267   268   269   270   271