SHORT FORM EXPANDED COVERAGE RESIDENTIAL LOAN POLICY
ONE-TO-FOUR FAMILY
Issued by
STEWART TITLE GUARANTY COMPANY
SCHEDULE A
Name and Address of Title Insurance Company
Policy Number: Loan Number:
[File Number: ]
Amount of Insurance: $ [Premium: $ ]
Mortgage Amount: Mortgage Date:
Date of Policy:
Name of Insured:
Name of Borrower(s):
Street Address:
County and State:
The estate or interest in the Land which is encumbered by the Insured Mortgage is fee simple and is, at Date of Policy, vested in the Borrower(s) shown in the Insured Mortgage and named above.
The Land referred to in this policy is described as set forth in the Insured Mortgage.
This policy consists of [one] page(s), [including the reverse side hereof,] unless an addendum is attached and indicated below:
____ Addendum attached
Subject to the conditions stated in the endorsements listed below, the following ALTA endorsements are incorporated in this policy if checked:
____ALTA Form 4-06-OH (Condominium), if a condominium unit is referred to in the description of the Land;
____ALTA Form 5-06 (Planned Unit Development);
____ALTA Form 6-06 (Variable Rate Mortgage);
____ALTA Form 6.2-06 (Variable Rate Mortgage - Negative Amortization); and
____ALTA Form 8.1-06 (Environmental Protection Lien) subject to the statutes, if any, shown in Schedule B specifically for this endorsement.
____ALTA Form 9-06 (Restrictions, Encroachments, Minerals).
[The following state statutes are made part of Schedule B, relating to the ALTA 8.1-06 Environmental Protection Lien Endorsement:______________]
[Witness clause optional]
STEWART TITLE GUARANTY COMPANY
BY: PRESIDENT
BY: SECRETARY
SUBJECT TO THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B BELOW, AND ANY ADDENDUM ATTACHED HERETO, BLANK TITLE INSURANCE COMPANY, A ____________ CORPORATION, HEREIN CALLED THE "COMPANY," HEREBY INSURES IN ACCORDANCE WITH AND SUBJECT TO THE TERMS, EXCLUSIONS AND CONDITIONS SET FORTH IN THE AMERICAN LAND TITLE ASSOCIATION EXPANDED COVERAGE RESIDENTIAL LOAN POLICY (Effective Date - OH), ALL OF WHICH ARE INCORPORATED HEREIN. ALL REFERENCES TO SCHEDULES A AND B SHALL REFER TO SCHEDULES A AND B OF THIS POLICY.
SCHEDULE B
EXCEPTIONS FROM COVERAGE
Except to the extent of the coverage provided in the Endorsements listed after COVERED RISK 28, this policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of:
1. Those taxes and special assessments that become due or payable subsequent to Date of Policy. (This does not modify or limit the coverage provided in Covered Risk 11(b) or 25.)
2. Covenants, conditions and restrictions, if any, appearing in the Public Records. (This does not modify or limit the coverage provided in Covered Risk 9, 10, 11(c) or 17.)
3. Any easements or servitudes appearing in the Public Records. (This does not modify or limit the coverage provided in Covered Risk 23 or 24.)
4. Any lease, grant, exception or reservation of minerals or mineral rights appearing in the Public Records. (This does not modify or limit the coverage provided in Covered Risk 18.)
NOTICES, WHERE SENT: All notices required to be given the Company and any statement in writing required to be furnished the Company shall include the number of this policy and shall be addressed to the Company at ______________________________________________
ADDENDUM TO SHORT FORM EXPANDED COVERAGE RESIDENTIAL LOAN POLICY
Addendum to Policy Number: _______________ [File Number: __________]
SCHEDULE B (Continued)
IN ADDITION TO THE MATTERS SET FORTH ON SCHEDULE B OF THE POLICY TO WHICH THIS ADDENDUM IS ATTACHED, THIS POLICY DOES NOT INSURE AGAINST LOSS OR DAMAGE BY REASON OF THE FOLLOWING:
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.
No guidelines are available for this form at this time.