NM FORM 2: Loan Policy of Title Insurance Schedule A (7-1-21)

NM FORM 2:  LOAN POLICY OF TITLE INSURANCE

SCHEDULE A

ISSUED BY

STEWART TITLE GUARANTY COMPANY

"Pursuant to the New Mexico title insurance law Section 59A-30-4 NMSA 1978, and title insurance rule 13.14.18.9 NMAC, no part of any title insurance commitment, policy or endorsement form promulgated by the New Mexico superintendent of insurance may be added to, altered, inserted in or typed upon, deleted or otherwise changed from the title insurance form promulgated by the New Mexico superintendent of insurance, nor issued by a person or company not licensed with regard to the business of title insurance by the New Mexico superintendent of insurance, nor issued by a person or company who does not own, operate or control an approved title abstract plant as defined by New Mexico law and regulations for the county wherein the property is located, except as authorized by law."

Transaction Identification Data, for which the Company assumes no liability as set forth in Condition 9.e.:

Issuing Agent:

Issuing Office:

Issuing Office’s ALTA^® Registry ID:

Loan ID Number:

Issuing Office File Number:

Property Address:

1.     The Insured is:

2.     The estate or interest in the Land encumbered by the Insured Mortgage is:

3.     The Title encumbered by the Insured Mortgage is vested in:

4.     The Insured Mortgage and its assignments, if any, are described as follows:

5.     The Land is described as follows:

[6. This policy incorporates by reference the endorsements designated below, adopted by the [New Mexico Superintendent of Insurance][_________________] as of the Date of Policy:]

NM FORM 2:  LOAN POLICY OF TITLE INSURANCE

SCHEDULE B PART I

ISSUED BY

STEWART TITLE GUARANTY COMPANY

  EXCEPTIONS FROM COVERAGE
 

Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This policy treats any Discriminatory Covenant in a document referenced in Schedule B as if each Discriminatory Covenant is redacted, repudiated, removed, and not republished or recirculated. Only the remaining provisions of the document are excepted from coverage.

This policy does not insure against loss or damage and the Company will not pay costs, attorneys’ fees, or expenses resulting from the terms and conditions of any lease or easement identified in Schedule A, and the following matters:

1.     Rights or claims of parties in possession not shown by the public records.

2.     Easements, or claims of easements, not shown by the public records.

3.     Encroachments, overlaps, conflicts in boundary lines, or other matter which would be disclosed by an accurate survey and inspection of the premises.

4.     Any lien, claim or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by public records.

5.     Community property, survivorship or homestead rights, if any, of any spouse of the insured (or vestee in a leasehold or loan policy).

6.     Water rights, claims or title to water.

7.     Taxes for the year ____, and thereafter. (See Rule 13.14.5.12 NMAC.)

NM FORM 2:  LOAN POLICY OF TITLE INSURANCE

SCHEDULE B PART II

ISSUED BY

STEWART TITLE GUARANTY COMPANY

Covered Risk 10 insures against loss or damage sustained by the Insured by reason of the lack of priority of the lien of the Insured Mortgage over the matters listed in Part II, subject to the terms and conditions of any subordination provision in a matter listed in Part II: