Page 61 - ALTA Endorsements Guide
P. 61
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
any Advance made after a Petition for Relief under the Bankruptcy Code (11 U.S.C.) has been
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; or
e. Usury, or any consumer credit protection or truth-in-lending law. [; or
f. 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.
54
oldrepublictitle.com