Chicago Title Endorsement Handbook - Chicago, IL

ENDORSEMENT ATTACHED TO POLICY NO. ______ ISSUED BY CHICAGO TITLE INSURANCE COMPANY ALTA 2006 • 80 1. For purposes of this endorsement only: a. ”Modification” means the agreement between and dated and recorded as document number . b. ”Date of Endorsement” means . 2. The Amount of Insurance is increased to $ . 3. Subject to the exclusions in Sections 4 and 5 of this endorsement, the Exclusions from Coverage, the Exceptions contained in Schedule B, and the Conditions contained in the policy, and any exclusion or exception in any prior endorsement, the Company insuresas of Date of Endorsement against loss or damage sustained by the Insured by reason of any of the following: a. The invalidity or unenforceability of the lien of the Insured Mortgage uponthe Title as a result of the Modification; b. The lack of priority of the lien of the Insured Mortgage over defects in or liensor encumbrances on the Title, except: ; c. The failure of the following matters to be subordinate to the lien of the Insured Mortgage: . 4. This endorsement does not insure against loss or damage, and the Company will not pay costs, attorneys’ fees, or expenses, by reason of any claim that arises out of the transaction creating the Modification by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws that is based on: a. the Modification being deemed a fraudulent conveyance or fraudulent transfer; or b. the Modification being deemed a preferential transfer except where the preferential transfer results from the failure i. to timely record the instrument of transfer; or ii. of such recordation to impart notice to a purchaser for value or to a judgment or lien creditor. 5. This endorsement does not insure against loss or damage, and the Company will not pay costs, attorneys’ fees, or expenses, by reason of the invalidity, unenforceability or lack of priority of the lien of the Insured Mortgage because all applicable mortgage recording or similar intangible taxes were not paid at time of recording of theModification. 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. Date of Endorsement: _______________________ CHICAGO TITLE INSURANCE COMPANY By: ______________________________________ Authorized Signatory ALTA Endorsement Form 11.2-06 (Mortgage Modification with Additional Amounts of Insurance – 12/02/13)