Chicago Title Endorsement Handbook - Chicago, IL

Non-ALTA 2006 • 291 DATE DOWN 1A – LOAN POLICY ENDORSEMENT Date Down Endorsement — Form 1A is available only for loan policies. It is a variation on the basic form of date down endorsement. This endorsement is specifically intended to insure the assignment of a previously insured Mortgage. It extends the Date of Policy, provides the recording information of the assignment and substitutes the name of the assignee in place of the assignor as the new Insured. Covered Risk number 12 insures the validity and enforceability of any assignment of the Insured Mortgage provided the assignment is shown on Schedule A. This endorsement, accordingly, modifies Schedule A. Date Down 1A – Loan Policy Endorsement (Change of Insured)