Chicago Title Endorsement Handbook - Chicago, IL

Non-ALTA 2006 • 286 ENDORSEMENT ATTACHED TO AND FORMING A PART OF POLICY NO. ______ ISSUED BY CHICAGO TITLE INSURANCE COMPANY The Company hereby insures the Insured against loss or damage by reason of: 1. The invalidity or unenforceability of the lien of the Insured Mortgage resulting from the provisions therein which provide for changes in the rate of interest or the right of borrower to convert to a fixed rate Mortgage; and 2. Loss of priority of the lien of the Insured Mortgage as security for the unpaid principal balance of the loan not exceeding the amount of insurance shown in Schedule A together with interest as changed in accordance with the provisions of the Insured Mortgage which loss of priority is caused by said changes in the fixed rate of interest, or exercise of the right to convert to a fixed rate mortgage. “Changes in the rate of interest,” as used in this endorsement, shall mean only those changes in the rate of interest calculated pursuant to the formula provided in the Insured Mortgage at date of policy. This endorsement does not insure against loss or damage based upon: 1. Usury; or 2. Any consumer credit protection or truth in lending law. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. CHICAGO TITLE INSURANCE COMPANY By: ______________________________________ Authorized Signatory Conversion Endorsement