Page 40 - ALTA Endorsements Guide
P. 40

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

                       iv.  resulting from the future exercise of a right 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.
               5.  This endorsement does not insure against loss or damage (and the Company will not pay costs,
                   attorneys' fees, or expenses) resulting from:

                   a.  any Covenant contained in an instrument creating a lease;
                   b.  any Covenant relating to obligations of any type to perform maintenance, repair, or remediation
                       on the Land;
                   c.  except as provided in Section 3.d., any Covenant relating to environmental protection of any kind
                       or nature, including hazardous or toxic matters, conditions, or substances;
                   d.  contamination, explosion, fire, flooding, vibration, fracturing, earthquake or subsidence; or
                   e.  negligence by a person or an Entity exercising a right to extract or develop minerals or other
                       subsurface substances.
               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.















































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