77 VA – ALTA COMMITMENT FOR TITLE INSURANCE CHICAGO TITLE NCS DC | MD 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 10 DC-CT-FA61-02100.141018-SPS-1-23-SampleVAACC ALTA 27-21 Z. ALTA 28-06 Easement – Damage or Enforced Removal [owner or loan] or ALTA 28.1 (review of easements and current ALTA/NSPS survey showing location of all easements and improvements located on the property), ALTA 28.2-06 Encroachments-Boundaries and Easements-Described Improvements); ALTA 28-06ALTA 28.1-21 AA. ALTA 37-06 Assignment of Leases and Rents (Loan Only) (recordation of an Assignment of Leases and Rents); ALTA 37-06 BB. ALTA 38-06 Mortgage Tax (Loan only) (none); ALTA 38-06 CC. ALTA 39-06 Policy Authentication (Owner’s and Loan) (none); ALTA 39-06 DD. Pending Disbursement [loan only] (review of construction loan documents – additional requirements may be imposed including a mechanic’s lien affidavit and indemnity); PLEASE NOTE: IF ANY PORTION OF THE LOAN IS TO BE USED TOWARDS ANY CONSTRUCTION OR REHAB OF THE INSURED PROPERTY THE COMPANY MUST BE NOTIFIED IMMEDIATELY. SEPARATE UNDERWRITING REQUIREMENTS MUST BE SATISFIED AND SEPARATE APPROVALS OBTAINED FOR MECHANIC’S LIEN COVERAGE. THIS PROCESS MAY TAKE UP TO 2 WEEKS. EE. Tax Sale [owner or loan] (loan description must contain an insured easement – only issued if single lot; coverage is contained in ALTA 18.1-06 for multiple lots). ALTA 18.1-06 END OF SCHEDULE B, PART I Chicago Title NCS DC l MD Page 105
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