Page 11 - CTT Summary of CA Endorsements

or unenforceability of the insured mortgage result- ing from terms therein providing for changes in the rate of interest, or (2) loss of priority of the insured mortgage lien caused by the changes in the rate of interest.
CLTAFORM 111.6 ProvidesinsuredALTAvariableratemortgagelender with coverageagainstlossbyreasonof(1)invalidity or unenforceability of the insured mortgage result- ing from terms therein providing for changes in the rate of interest, or (2) loss of priority of the insured mortgage lien caused by the changes in the rate of interest,whichcoverageisconditionedoncompliance withspecifiedstatutesorregulationsconcerningvari- able rate mortgages.
CLTAFORM 111.7
Provides insured ALTA variable rate mortgage lender with coverage against loss by reason of (1) invalidity or unenforceability of the insured mort- gage resulting from terms therein providing for the renewal of the mortgage or changes in the rate of interest, or (2) loss of priority of the insured mort- gagelien causedby the renewal of the mortgage or changes in the rate of interest.
CLTAFORM 111.8
(ALTA FORM 6.2) ProvidesinsuredALTAvariableratemortgagelender withcoverageagainstchangesin therateofinterest, theadditionofunpaidinteresttoprincipaland/orin- terestoninterest,or(2)lossofpriority oftheinsured mortgage lien caused by the changes in the rate of interest,unpaidinterestaddedtoprincipaland/orin- terest on interest.
CLTAFORM 111.10
•(OPTIONAL ADVANCE) Providesinsuredlenderwithcoverageagainst(1)loss by reason of invalidity or unenforceability of the in-
sured mortgage or of (2) loss of priority of said mort- gage for the unpaid balance together with interest causedbychangesin therate ofinterestin accor- dancewiththetermsofaspecifiedloanagreement. Except as to interveningmatters of which the insured hasactualknowledge.Insurespriority ofsubsequent advances except as noted.
CLTAFORM 111.11 (OBLIGATORY ADVANCE) Providesinsuredlenderwithcoverageagainst(1)loss by reason of invalidity or unenforceability of the in- sured mortgage or of (2) loss of priority of said mort- gage for the unpaid balance together with interest
caused by changes in the rate of interest in accor- dancewiththetermsofaspecifiedloanagreement. Insures priority of subsequent advances except as noted.
CLTA FORM 112
Amends CLTA Conditions and Stipulations to pro- videcoverageforbondholdersif theinsuredmortgage is a trust indenture securingbonds.
CLTAFORM 112.1
Amends ALTA Conditions and Stipulations to provide coverageforbondholdersif theinsuredmortgageis a trust indenture securing bonds.
CLTAFORM 112.2
Amends CLTA Conditions and Stipulations to pro- videcoverageforbondholdersif thebondsarealien, not on the title, but on the revenues produced from the land.
CLTAFORM 114
Provides for coinsurance of policy risks, among two or more title insurance companies, with segregated liabilities.
CLTAFORM 114.1
Provides for coinsurance of policy risks, among two ormoretitleinsurancecompanies,withjointandSev- eralliabilities.
CLTA FORM 115
Provides insured lender with assurance that the es- tate or interest covered by the policy is a condo- minium, in fee, and is entitled to be assessed and taxed as a separate parcel.
CLTA FORM 115.1
(ALTAFORM 4) ProvidescoverageforaninsuredALTAlenderagainst loss concerning statutory compliance, violations of CC&Rs, homeowners' association charges and assess- ments,theseparateassessmentofrealpropertytaxes, encroachments and the exercise of a right of first re- fusaltopurchase,allwithrespecttoacondominium unit within a condominiumproject.
CLTAFORM 115.2
(ALTA FORM 5) ProvidescoverageforaninsuredALTAlenderagainst loss concerning violations of CC&Rs, homeowners' as- sociation charges and assessments, encroachments and the exercise of a right of first refusal to purchase, all with respect to a parcel of land in a planned develop- ment.
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