Commonwealth Land Title Insurance Company, NCS

ALTA ENDORSEMENTS - 78 - SAMPLES AND DESCRIPTIONS ASSIGNMENT AND DATE DOWN – FORM 10.1 ALTA Endorsement — Form 10.1 is available only for loan policies. Like the Form 10, this endorsement insures the effectiveness of a post-policy assignment of the Insured Mortgage and insures that no release or reconveyance has been placed of record (other than as may be noted in the endorsement). Unlike the Form 10, however, the Form 10.1 provides coverage over certain matters occurring after the effective date of the policy and before the Date of Endorsement. These matters include: real estate taxes or assessments; priority over intervening defects, liens or encumbrances; and recorded federal tax liens and notices of bankruptcy proceedings. To the extent that any such matters have arisen after the Date of Policy and prior to the Date of Endorsement, they should be raised specifically in the endorsement. The coverage provided by this endorsement is conditioned upon the proper endorsement and delivery of the underlying note. Further, as is the case with all other endorsements, this endorsement does not extend the Date of Policy for purposes other than as stated, that is, the endorsement does not bring forward coverages of the policy or any endorsements that are a part of the policy. ALTA Endorsement — Form 10.1 (Assignment and Date Down – 07/01/2021) Form 10.1 Assignment and Date Down