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ALTA ENDORSEMENT 12.1-06

AGGREGATION – STATE LIMITS – LOAN POLICY

Adopted (4-2-13)

1. The following policies are issued in conjunction with one another:
POLICY NUMBER: STATE: AMOUNT OF INSURANCE:
$

$
$

2. The amount of insurance available to cover the Company’s liability for loss or damage under this
policy at the time of payment of loss shall be the Aggregate Amount of Insurance defined in
Section 3 of this endorsement.

3. The Aggregate Amount of Insurance under this policy is either:

a. $ ______________________; or.

b. If the Land is located in one of the states identified in this subsection, then the Aggregate Amount
of Insurance is restricted to the amount shown below:

STATE AGGREGATE AMOUNT OF INSURANCE
$
$

4. Section 7(a)(i) of the Conditions of this policy is amended to read:
7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF
LIABILITY
In case of a claim under this policy, the Company shall have the following additional
options:
(c) to pay or tender payment of the lesser of the value of the Title as insured or the
Aggregate Amount of Insurance applicable under this policy at the date the claim
was made by the Insured Claimant, or to purchase the Indebtedness.
(ii) To pay or tender payment of the lesser of the value of the Title as
insured at the date the claim was made by the Insured Claimant, or the
Aggregate Amount of Insurance applicable under this policy, together
with any cost, attorneys’ fees, and costs and expenses incurred by the
Insured Claimant that were authorized by the Company up to the time of
payment or tender of payment and that the Company is obligated to pay;
or
5. Section 8(a) and 8(b) of the Conditions of this policy are amended to read:
8. DETERMINATION AND EXTENT OF LIABILITY

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