Chicago Title Endorsement Handbook - Chicago, IL

Non-ALTA 2006 • 289 DATE DOWN 1 – LOAN POLICY ENDORSEMENT Date Down Endorsement — Form 1 is one form of a group of endorsements known collectively as date down endorsements. Date down endorsements are typically requested when a loan policy has already been issued and there is some post-policy matter over which the Insured specifically wants title insurance. Date Down Endorsement — Form 1 is intended to cover an event such as the recording of a mortgage modification. Date down endorsements extend the effective date from the prior Date of Policy to a new recording date. The Company will update all of the searches it performs in order to ascertain what intervening liens, interests or other matters, if any, have arisen since the original effective date of the policy. All such matters will be raised specifically in the date down endorsement as additions, modifications or deletions to Schedule B. Standard clearance items (i.e., owner’s affidavit, Gap, and appropriate authority documentation) are required. Date Down 1 – Loan Policy Endorsement