Page 58 - ALTA Endorsements Guide
P. 58

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

                       filed by or on behalf of the mortgagor;
                    b.  The lien of real estate taxes or assessments on the Title imposed by governmental authority
                       arising after Date of Policy;

                   c.  The lack of priority of the lien of the Insured Mortgage as security for any Advance to a federal tax
                       lien, which Advance is made after the earlier of (i) actual knowledge of the Insured that a federal
                       tax lien was filed against the mortgagor, or (ii) the expiration, after notice of a federal tax lien filed
                       against the mortgagor, of any grace period for making disbursements with priority over the federal
                       tax lien provided in the Internal Revenue Code (26 U.S.C.);

                   d   Any federal or state environmental protection lien;
                   e.  The lack of priority of any Advance made after the Insured has Knowledge of the existence of
                       liens, encumbrances or other matters affecting the Land intervening between Date of Policy and
                       the Advance, as to the intervening lien, encumbrance or other matter; or

                   f.  Usury, or any consumer credit protection or truth-in-lending law. [; or
                   g.  Any mechanic’s or materialmen’s lien.]

               5.  The Indebtedness includes Advances.
               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.









































               51


                                                  oldrepublictitle.com
   53   54   55   56   57   58   59   60   61   62   63