Chicago Title NCS Chicago: SYFCREC 2021

Surviving Your First Commercial Real Estate Closing I ALTA Policy & Endorsements Covered Risks Violation or enforcement of any law, ordinance, permit, or governmental restriction (including those retaliating to the building and zoning) restricting, regulating, prohibiting, or relating to: (a) occupancy, use, or enjoyment of the Land, (b) character, dimensions, or location of any improvement, (c) subdivision of the Land, and (d) environmental protections, if there is a recorded notice of such violation or intention to enforce. 7 5 6 7 8 Enforcement action based on the exercise of governmental policy power not covered by Covered Risk 5 if a notice of the enforcement action… is recorded in the Public Records. Exercise of the rights of eminent domain, if notice is recorded. Taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without knowledge Covered Risk Covered Risk Covered Risk Covered Risk Surviving Your First Commercial Real Estate Closing I ALTA Policy & Endorsements Additional Covered Risks* Provided by the Loan Policy The invalidity and unenforceability of the lien of the Insured Mortgage upon the Title 8 9 10 11 12 The lack of priority of the lien of the Insured Mortgage upon the Title over any other lien or encumbrance The lack of priority of the lien of the Insured Mortgage upon the Title relating to advances made in connection with construction The invalidity and unenforceability of any assignment of Mortgage *Includes Covered Risks 1-8 Covered Risk Covered Risk Covered Risk Covered Risk 7 8 43