74 DCNCS.CTIC.COM VA – ALTA COMMITMENT FOR TITLE INSURANCE CHICAGO TITLE INSURANCE COMPANY COMMITMENT NO. SampleVAACC 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-VA Mod (07/01/2021) Printed: 11.09.23 @ 06:14 PM Page 7 DC-CT-FA61-02100.141018-SPS-1-23-SampleVAACC issued in an amount up to but not to exceed 125% of the principal debt. Proposed Policy Amount(s) will be revised and premiums charged consistent therewith when the final amounts are approved. 19. THIS COMMITMENT AND THE PREMIUM TO BE CHARGED ARE PRELIMINARY AND SUBJECT TO FINAL CORPORATE APPROVAL. SUCH APPROVAL MUST BE RECEIVED PRIOR TO CLOSING. 20. Proposed Insured (To Be Determined) must be identified and if same is a corporation, partnership or limited liability company, evidence of its organization and compliance with filing requirements of its jurisdiction of origin, and the jurisdiction of the location of the property, must be furnished. 21. Notice: Please be aware that due to the conflict between federal and state laws concerning the cultivation, distribution, manufacture or sale of marijuana, the Company is not able to close or insure any transaction involving Land that is associated with these activities. 22. The following endorsements may be attached to the final owner's and/or loan policy as applicable, subject to compliance with the requirements listed parenthetically, and additional underwriting requirements and premium, if applicable: A. ALTA 3 Zoning (unimproved land) or ALTA 3.1 Zoning (improved land) [owner and loan] or ALTA 3.2 (receipt of acceptable zoning report); ALTA 3-21ALTA 3.1-21ALTA 3.2-21 B. ALTA 4 or ALTA 4.1 Condominium Endorsement (applies only to condominium units insured in Schedule A; requires review of condominium documents and verification of payment of any current or past due condominium assessments); ALTA 4-21ALTA 4.1-21 C. ALTA 5.0-06 Planned Unit Development or ALTA 5.1-06 PUD ALTA 5.0-06 ALTA 5.1-06 D. ALTA 6-06 Variable Rate or ALTA 6.2-06 Negative Amortization [loan only] (review of loan documents); ALTA 6-06 ALTA 6.2-06 E. ALTA 8.1 Environmental [Residential property only] or ALTA 8.2-06 Commercial Environmental (none); ALTA 8.1-21ALTA 8.2-06 F. ALTA 9, (loan only) ALTA 9.1 (owners), ALTA 9.2 (owners), ALTA 9.3-06 [loan only] ALTA 9.6 (Loan only), ALTA 9.6.1-06 Private Rights-Current Assessments (Loan Policy) ALTA 9.9-06 (Owner only) (receipt of acceptable ALTA/NSPS survey and review of documents); ALTA 9ALTA 9.1ALTA 9.2ALTA 9.3-06ALTA 9.6ALTA 9.6.1-06ALTA 9.9-06 Chicago Title NCS DC l MD Page 102
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