Title 101: Making Sense of Title Insurance in Commercial Transactions

62 DCNCS.CTIC.COM MD – ALTA COMMITMENT FOR TITLE INSURANCE CHICAGO TITLE INSURANCE COMPANY COMMITMENT NO. SampleMDACC SCHEDULE B, PART I - Requirements (continued) This page is only a part of a 2021 ALTA® Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I-Requirements; Schedule B, Part II-Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance w-MD Mod (07/01/2021) Printed: 11.09.23 @ 06:20 PM Page 9 DC-CT-FA61-02100.141018-SPS-1-23-SampleMDACC ALTA 14.1-21 L. ALTA 15-06 Non-Imputation (Full Equity) or ALTA 15.1-06 (Additional Equity) or ALTA 15.2-06 (Partial Equity) [owner only] (receipt of satisfactory affidavit and indemnity from existing and/or exiting entity(ies) with respect to knowledge of off-record matters); ALTA 15-06ALTA 15.1-06ALTA 15.2-06 M. ALTA 16-06 Mezzanine [owner only] (review of pledge agreements and execution of endorsement by insured owner and mezzanine lender); ALTA 16-06 N. ALTA 17-06 (access and entry) or ALTA 17.1-06 (indirect access and entry) [owner or loan] (receipt of current ALTA/NSPS survey showing access on a labeled public way, or via vested rights over a private way or easement to a public way); ALTA 17-06ALTA 17.1-06 O. ALTA 17.2-06 Utility Access [owner of loan] (receipt of current ALTA/NSPS survey showing access points for all listed utilities located either in a public way adjacent to the property, or within an easement appurtenant to the property); ALTA 17.2-06 P. ALTA 18-06 Single Tax Parcel or ALTA 18.1-06 Multiple Tax Parcel [owner and loan] (evidence that each parcel of land described in Schedule A is separately assessed for real estate taxation purposes); ALTA 18-06ALTA 18.1-06 Q. ALTA 19-06 Contiguity (Multiple Lots) or ALTA 19.1-06 (Single Lot) (receipt of ALTA/NSPS survey showing the referenced parcels as contiguous to each other with no gores, gaps or overlays); ALTA 19-06ALTA 19.1-06 R. ALTA 20-06 First Loss [lender only] (review of structure of transaction – multi-site only) ALTA 20-06 S. ALTA 22-06 Location (formerly Street Address) [owner and loan] (receipt of ALTA/NSPS survey depicting the improvements on the property and the address of those improvements; verification of address with the local taxing authority); ALTA 22-06 T. ALTA 24-06 Doing Business [loan only] (none); Chicago Title NCS DC l MD Page 90

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