Chicago Title Insurance Company, NCS

- 6 - ALTA ENDORSEMENTS SAMPLES AND DESCRIPTIONS ZONING – COMPLETED STRUCTURE – FORM 3.1 Unlike ALTA Endorsement — Form 3-06 (which is available for owner’s and loan policies that cover improved or unimproved property), ALTA Endorsement — Form 3.1 is only available for owner’s and loan policies that cover improved property. This endorsement provides the same coverage as Form 3-06 and is subject to the same limitations. However, Form 3.1 also insures against losses arising from a court order which prohibits use of the Land for specified purposes permitted by the zoning or requires the removal or alteration of a structure located on the Land because certain physical characteristics (the “Bulk Requirements”) of either the Land or a structure located on the Land violate the ordinance. The Bulk Requirements are described in the endorsement and are, namely, (i) the area, width or depth of the Land as a building site for the structure, (ii) the floor space area of the structure, (iii) the setback of the structure from the property lines of the Land, (iv) the height of the structure, and (v) the number of parking spaces. A variation on the endorsement may be available which, in addition, provides coverage over the number of loading docks or spaces located on the Land. In addition to the submission and review of the materials required by the particular office or jurisdiction for the issuance of Form 3, a current and satisfactory ALTA survey of the Land, certified to the Company, must be submitted. Additional clearance materials, and/or possible modifications to the endorsement, may be necessary if the Land is being used for a non-conforming or special use, lies within a planned development, was recently annexed by the applicable municipality, or if the structure is non- conforming. ALTA Endorsement — Form 3.1 (Zoning – Completed Structure – 07/01/2021) Form 3.1 Zoning – Completed Structure