Page 70 - ALTA Endorsements Guide

ALTA ENDORSEMENT RETURN TO TABLE OF CONTENTS

ALTA 10.1

Assignment and Date Down Endorsement

The ALTA 10.1 is issued upon assignment of a mortgage and insures the new assignee of record
against loss sustained by: (1) failure of the assignment document to properly transfer title; and
(2) the existence of a prior modification, partial or full reconveyance, release, or discharge of the

Insured Mortgage recorded in the Public Records on or prior to the Date of Endorsement, other
than those shown in the policy or a prior endorsement. The endorsement also includes date-

down coverage for matters affecting title from the Date of Policy through the recording date of
the Assignment. It expressly insures against loss or damage sustained by reason of any liens for
taxes, and assessments, lack of priority of the lien of the Insured Mortgage over defects, liens, or

encumbrances, notices of federal tax liens, and pending bankruptcy proceedings, except as set forth
in the endorsement. Lines under each alphabetically listed section provide for entry of intervening

liens or matters, if any. This endorsement is available for loan policies only.

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