NM Endorsement List - NTIWeb

1 CLTA/ALTA/NEW MEXICOE ndorsement Comparison ListCLTA policy FormNM Form loss from present or future violations of CC&Rs, encroachments of improvements, or surface entry for mineral developmentLoanUse NM 50 - See Below CLTA of full basic premium - $ loss from present or future violations of CC&Rs, encroachments of improvements, or surface entry for mineral developmentLoanUse NM 50 - See Below CLTA of full basic premium - $ (ALTA 9)Covers loss from present or future violations of CC&Rs, encroachments of improvements, or surface entry for mineral developmentLoanNM 50: Restrictions, Encroachments and Minerals Endorsement 10% of full basic premium - $ minimum loss from present violation of CC& loss from present violation of CC&RsOwnerNM 56: Restrictions, Encroachments and Minerals Endorsement for Unimproved Land and NM 57: Restrictions, Encroachments and Minerals Endorsement for Improved Land of full basic premium - $ minimum loss from present or future violation of CC& loss from present violation of particular provision in CC& loss from present or future violation of particular provision in CC& that reverter, right of reentry or power of termination in CC&Rs is not enforceableLoanN/ACLTA/ALTA/NEW MEXICOE ndorsement Comparison priority of line of deed of trust over assessment liens in CC& that CC&Rs have been properly modifiedOwner and loss from exercise of reverter.

2 Right of reentry or power of termination in CC&RsOwner and that there are no present violations of CC&RsOwner and loss from enforcement of CC&Rs based on present violation of CC&RsOwner and approval of plans and specifications as required by CC&RsOwner and loss from exercise of right of surface entry under oil and gas that lessee under mineral lease has no right to enter on or use loss from violation of CC&Rs because of surface oil drillingLessee: Standard (Leasehold) loss from damage to improvements resulting from exercise of right to use surface (FHA)Owner and loss of mortgage lien or title after foreclosure or unmarketability of title resulting from present violation of CC& loss from present or future violation of particular provision of CC&Rs Owner and loss from exercise of surface rights for extraction or development of minerals excepted from description of land or shown as a reservation in Schedule BOwnerN/ACLTA/ALTA/NEW MEXICOE ndorsement Comparison List101 Covers loss from lack of priority of insured mortgage over mechanics' liensLoanDelete Standard Exception 4 or issue Endorsement A (NM 18: Construction Loan policy Endorsement - ) or Endorsement D (NM 19: Construction Loan policy Endorsement - ) Endorsement A (NM 18): $5,00 per $1, Endorsement D (NM19).

3 $ ' lien insurance - after notice of ' lien insurance - after notice of ' lien insurance - no notice of ' lien insurance - no notice of lien insurance- regularity of recorded notice of completion and no mechanics liens except as listed; liability limited to specific ' lien insurance - regularity of recorded notice of completion and no mechanics' liens except as listed; liability limited to face amount ' lien insurance - covers loss of priority of deed of trust over mechanics' liens arising from separate contract for "off-site" ' lien insurance - notice of completion describes specific work of improvement on only a portion of land covered by policy ; liability limited to specified ' lien insurance - notice of completion describes specific work of improvement on only a portion of land covered by policy ; liability limited to specified amountLoanN/ACLTA/ALTA/NEW MEXICOE ndorsement Comparison ' lien insurance - applies only to portion of land covered by policy - no notice of completion; liability limited to specified ' lien insurance - applies only to portion of land covered by policy - no notice of completion; liability limited to specified ' lien insurance - after notice of ' lien insurance - after notice of completionLoan: ALTA construction loan ' lien insurance - no notice of completionLoan: ALTA construction loan ' lien insurance - after notice of completion on part of land; liability limited to stated amountLoan: ALTA construction loan ' lien insurance - applies only to portion of land covered by policy - no notice of completion.

4 Liability limitedLoan: ALTA construction loan ' lien insurance - after notice of completionLoan: ALTA construction loan that foundations are within boundary lines and their location does not violate CC& that foundations are within boundary lines and their location does not violate CC&Rs and they do not encroach onto specified easementsLoanNM 61 - Foundation Endorsement $ for 1-4 family residential properties; $ for commercial policies that foundations are within boundary lines and their location does not violate CC&RsLoanN/ACLTA/ALTA/NEW MEXICOE ndorsement Comparison that foundations are within boundary lines and their location does not violate CC&Rs and they do not encroach onto specified loss from exercise of right of use or maintenance of easement by easement loss from forced removal of improvements that encroach onto easementLoanN/A (See NM 50 above) CLTA that insured easement affords ingress and egress to and from specified public streetOwner and LoanN/A (Add easement to "Land" as parcel 2 under Schedule A of the policy ) loss from exercise of surface rights for extraction or development of waterOwner and that improvements do not encroach onto specific easementLoanN/A (See NM 50 above)

5 CLTA that land abuts on existing public streetOwner and LoanNM 51 - Land Abuts Street Endorsement $ loss from damage to existing or future improvements (FHA) from exercise of surface rights for extraction or development of loss from forced removal of encroachment onto loss from use of surface by owner of land below horizontal division of landOwner and LoanN/A104 Insures (1) validity of recorded assignment of beneficial interest; (2) subsisting real property tax or assessment liens; (3) matters shown by public records that affect validity or priority of insured deed of trust; and (4) federal tax liens or bankruptcy LoanNM 24 - Assignment of Mortgage Endorsement (No Procedural Regulations)$ if issued within 6 months of policy ; $ if issued more than 6 months from date of policy MEXICOE ndorsement Comparison List104 AInsures (1) validity of recorded assignment of beneficial interest; (2) subsisting real property tax or assessment liens; (3) matters shown by public records that affect validity or priority of insured deed of trust; and (4) federal tax liens or bankruptcy (1) validity of recorded assignment of beneficial interest and (2) full or partial reconveyances, modification or subordination of insured deed of respect to collateral assignments, insures (1) validity of recorded assignment and (2) full or partial reconveyances, modification or subordination of insured deed of loss from (1) defects in execution of assignment of lessor's interest in lease or (2) any prior assignmentLoanNM 62 - Assignment of Rents/Leases Endorsement $ loss from prior recorded assignment of rentsLoanNM 62 - Assignment of Rents/Leases Endorsement $ (1) validity of recorded assignment of beneficial interest, with qualifications; (2) subsisting real property tax or assessment liens.

6 (3) matters affecting validity or priority of the insured deed of trust; and (4) federal tax liens or bankruptcy proceedings affecting the estate or interest covered by policyLoanN/ACLTA/ALTA/NEW MEXICOE ndorsement Comparison (1) validity of recorded assignment of beneficial interest, with qualifications; (1) validity of recorded assignment of beneficial interest, with qualifications; and (2) full or partial reconveyances, modification or subordination of insured deed of trustLoanN/A (See NM 24 above under CLTA 104) Assignment of Mortgage Endorsement $ if issued within 6 months of policy ; $ if issued more than 6 months from date of policy respect to collateral assignments, insures (1) validity of recorded assignment, with qualifications, and (2) full or partial reconveyances, modification or subordination of insured deed of (ALTA 10)Covers loss from (1) failure of assignment to vest title to insured deed of trust and (2) modification, reconveyance, release or discharge of lien of recorded deed of trustLoanN/A (See NM 24 above under CLTA 104) Assignment of Mortgage (ALTA )Covers (1) validity of recorded assignment of beneficial interest, with qualifications.

7 (2) liens for property taxes and (3) federal tax liens or bankruptcy proceedings affecting title to the estate or interest covered by policy LoanN/A (See NM 24 above under CLTA 104) Assignment of Mortgage Endorsement105 Accommodates insuring two or more deeds of trust under a single insuring two or more deeds of trust under a single policyLoan: CLTA N/A106; 106C; ; ; ; State of California concerning release or relinquishment of access rightsOwnerN/ACLTA/ALTA/NEW MEXICOE ndorsement Comparison a designated amount of title liability of policy to each parcel described in Schedule AAll amount of insurance following issuance of policyAll policiesN/A (See NM 11 - Multipurpose Endorsement ) $ within 6 months; $ from date of policy improvements (even if lease designates them as personal property) for purposes of establishing damagesLoan: additional insured under existing policy , with qualificationsAll addition insured under existing policyAll loss from invalidity or unenforceability of insured deed of trust if beneficiary has also acquired fee loss concerning (1) vesting of title and (2) subsistence and priority of insured deed of trust with respect to securing additional (optional) advance and increases policy liability by amount of loss concerning (1) vesting of title and (2) subsistence and priority of insured deed of trust with respect to securing additional (optional) advance and increases policy liability by amount of advanceLoanNM 25 - Additional Advance Endorsement (No Procedural Regulations)$ plus additional premium for increased coverage.

8 $ minimum Department of Veterans Affairs loss concerning vesting of title and defects in or liens or encumbrances on title with respect to advance made under purchase agreement with veteranOwnerN/ACLTA/ALTA/NEW MEXICOE ndorsement Comparison defined loss relating to (1) vesting of title and (2) continued priority of insured deed of trust insofar as it secures increased line of creditLoanN/A109 Insured transfer of lessor's benefits in community leaseOwner and policy to delete specified exceptionAll that mineral interest owner's right of surface entry has been conveyed to owner of surfaceOwner and proper modification of deed of trust - specific provision quoted (no priority coverage) proper modification of deed of trust (express priority coverage) proper modification of deed of trust (express priority coverage) loss from enforcement of specified lien or encumbranceOwner and (ALTA )Covers loss from lack of priority of insured residential deed of trust over environmental protection lienLoanNM 29 - Environmental Protection Lien Endorsement (No Procedural Regulations)$ insurance related to modification and additional advance agreement LoanN/A111 Covers loss of priority of lien of deed of trust on remaining secured land from partial that, except to extent of consideration received, a partial reconveyance has not reduced policy liability for that subordination agreement did not impair lien of deed of trustLoanN/ACLTA/ALTA/NEW MEXICOE ndorsement Comparison loss from (1) impairment of lien of deed of trust on remaining land caused by partial lender and Housing and Urban Development of validity and priority of insured deed of trust in certain (ALTA 6)For variable rate mortgages, covers loss from (1)

9 Invalidity or unenforceability of insured deed of trust from variable interest rate terms or (2) loss of priority of insured deed of trust from change in interest rateLoanNM 14 - Variable Rate Mortgage Endorsement (No Procedural Regulations)$ if issued with loan policy ; $ is issued subsequent to policy (ALTA )For variable rate mortgages, covers loss from (1) invalidity or unenforceability of insured deed of trust from variable interest rate terms or (2) loss of priority of insured deed of trust from change in interest rate, which coverage is conditioned on compliance with specified statutes or variable rate (ALTA )For variable rate mortgages, covers loss from (1) invalidity or unenforceability of insured deed of trust from changes in interest rate, addition of unpaid interest to principal and/or interest on interest, or (2) loss of priority of insured deed of trust from sameLoanNM 15 - Variable Rate Mortgage Endorsement (Negative amortization) (No Procedural Regulations)$ if issued with loan policy .

10 $ is issued subsequent to policy variable rate FNMA balloon mortgageLoanN/ACLTA/ALTA/NEW MEXICOE ndorsement Comparison credit loan (optional advance) covers (1) loss from invalidity or unenforceability of insured deed of trust or (2) loss of priority of insured deed of trust for unpaid balance with interest from changes in interest rate in accordance with terms of a specified loan agreementLoanN/A (See NM 17 - Revolving Credit Endorsement and NM 44 - Revolving Credit - Increased Credit Limit) (No Procedural Regulations)$ if issued with loan policy ; $ is issued subsequent to policy and credit loan (obligatory advance) covers (1) loss from invalidity or unenforceability of insured deed of trust or (2) loss of priority of insured deed of trust for unpaid balance with interest from changes in interest rate under