DE ALTA Short Form Residential Loan Policy - Current Violations (04-02-15) - as modified by DTIRB (09/01/17)

SHORT FORM EXPANDED COVERAGE RESIDENTIAL LOAN POLICY

CURRENT ASSESSMENTS

FOR ONE-TO-FOUR FAMILY RESIDENTIAL PROPERTY

Issued by

STEWART TITLE INSURANCE COMPANY

SCHEDULE A

Name and Address of Title Insurance Company:

Policy Number:                                     Loan Number:

[File Number:                ]                                             

Policy Amount:  $                                  [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

[The following state statutes are made part of Schedule B, relating to the DTIRB Endorsement 05 (ALTA 8.1-06 (Environmental Protection Lien)) endorsement: ______________]

[Witness clause optional]

STEWART TITLE INSURANCE COMPANY

By:                                                                  

PRESIDENT

By:                                                                  

SECRETARY

NOTE:  Bracketed [  ] material optional

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—CURRENT ASSESSMENTS (04-02-15), 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, but not including any covenant, condition, or restriction based on race, color, religion, sex, handicap, familial status, sexual orientation, or national origin, unless and only to the extent that said covenant is (a) exempt under Chapter 42, Section 3607 of the United States Code, or (b) related to a handicap but does not discriminate against handicapped persons. (This does not modify or limit the coverage provided in Covered Risk 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 (fill in).

ADDENDUM

ALTA SHORT FORM EXPANDED COVERAGE RESIDENTIAL LOAN POLICY

CURRENT ASSESSMENTS

FOR ONE-TO-FOUR FAMILY RESIDENTIAL PROPERTY

Addendum

Policy Number:                         Loan Number:

[File Number:                            ]

SCHEDULE B

(Continued)

In addition to the matters set forth on Schedule B of this policy to which this addendum is attached, this policy does not insure against loss or damage by reason of the following: