Page 12 - CTT Summary of CA Endorsements

CLTAFORM 116 ProvidesinsuredALTAlender with assurancescon- cerningthestreetaddressofdesignatedimprovements ontheland;and,withrespecttothesufficiencyofthe policyplattoshowtherecordlocationanddimensions of that land.
CLTAFORM 116.1 Providesinsuredlenderwithassurancethattheland described-in the policy is the same as that delineated on plat of a survey attached to and made a part of the policy.
CLTAFORM 116.2 ProvidesinsuredALTAlender with assuranceconcern- ingthestreetaddressofdesignatedseparatelyowned elementscomprisingpart oftheinsuredcondominium; and, with respect to the sufficiency of the referenced map or plan to show the exterior boundary of the con- dominium project as a whole.
CLTAFORM 116.3 Providesinsuredownerorlenderwithassurancethat the land describedin the policy now constitutes all or part of a later subdivision of the land.
CLTAFORM 116.4 Providesinsuredownerorlenderwithassurancethat the land describedin the policy is contiguous to other land.
CLTAFORM 116.5
(ALTAFORM 7) ProvidesinsuredALTAlenderwithassurancethatthe term"land"asdefinedin thepolicyincludesthemanu- factured housing unit located on the land at Date of Policy.
CLTAFORM 116.6 ProvidesinsuredALTAlender with assurancethat the manufacturedhousingunit describedin the endorse- mentisincludedwithinthetern"land"whenusedin the policy. This endorsement requires that a descrip- tionofthemanufacturedhousingunitbesetforthin the endorsement.
CLTAFORM 116.7
Provides insured with assurance that the land de- scribed is a lawfully created parcel according to the California Subdivision Map Act and local ordinances adopted pursuant thereto.
CLTAFORM 119 ProvidesinsuredCLTAlenderwithcoverageconcern- ingthedueexecutionandrecordpriority ofanextant leasetowhichtheinsuredmortgageissubject.
CLTAFORM 119.1
Amends CLTA policy by adding other general Excep- tions from Coverage with respect to off-record mat- ters which may affect title to the covered leasehold estate.
CLTAFORM 119.2 ProvidesinsuredALTAlenderwithassuranceas-to thevalidity,priorityandsubsistenceofanextantlease to which the insured mortgage is subject.
CLTAFORM119.3
Provides insured ALTA lender with assurance as to the priority of an extant lease to which the insured ' mortgage is subject in circuity of lien situations. (Re- lative priority among purchase money deed of trust, lease, and permanent financing deed of trust is ques- tionable.)
CLTAFORM 119.4
Provides assurance to bondholders that sublease is validandwillbebindingatthecommencementofits term, subject to intervening matters.
CLTAFORM 120.2 Providesinsuredoilandgaslesseewithassurancethat deedoftrustonfeeestateexecutedpriortooilandgas lease has since been subordinated to the oil and gas lease.
CLTAFORM 122 ProvidesinsuredALTAlender with assuranceconcern- ingobligatoryadvancemadeundertheinsuredmort- gage;liability limited to faceamount ofpolicy.
CLTAFORM 122.2 ProvidesinsuredALTAlender with assuranceconcern- ingobligatoryadvancemadeundertheinsuredmort- gage;liability increasedby amount of advance.
CLTA FORM 122.3
Provides insured ALTA Construction Loan Policy lenderwithassuranceconcerningobligatoryadvance under the insured mortgage; liability limited to face amount of policy.
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