NJRB 5-96 ALTA Endorsement 9.1-06 Covenants, Conditions and Restrictions - Unimproved Land - Owner’s Policy (New Jersey Variation) (Revised 4/15/2014)
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NJRB 5-96 ALTA Endorsement 9.1-06 Covenants, Conditions and Restrictions - Unimproved Land - Owner’s Policy (New Jersey Variation) (Revised 4/15/2014)
ENDORSEMENT
Attached to Policy No. __________
Issued by
STEWART TITLE GUARANTY COMPANY
1. The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions in the policy.
2. For the purposes of this endorsement only, “Covenant” means a covenant, condition, limitation or restriction in a document or instrument recorded in the Public Records at Date of Policy.
3. The Company insures against loss or damage sustained by the Insured by reason of:
a. A violation on the Land at Date of Policy of an enforceable Covenant, unless an exception in Schedule B of the policy identifies the violation; or
b. A notice of a violation, recorded in the Public Records at Date of Policy, of an enforceable Covenant relating to environmental protection describing any part of the Land and referring to that Covenant, but only to the extent of the violation of the Covenant referred to in that notice, unless an exception in Schedule B of the policy identifies the notice of the violation.
4. This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys' fees, or expenses) resulting from:
a. any Covenant contained in an instrument creating a lease;
b. any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land;
c. except as provided in Section 3.b, any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances; or
d. any Covenant excepted in Schedule B related to, or rules or regulations promulgated by, the Department of Community Affairs (“DCA”) or Council on Affordable Housing (“COAH”) or any other federal, state or local governmental body or agency or any federal or state laws with regard to affordable housing or matters related thereto.
[Witness clause optional]
STEWART TITLE GUARANTY COMPANY
By: _______________________________________
Authorized Signatory
For issuing guidelines on this form, see Guidelines.