Commonwealth Land Title Insurance Company, NCS

ALTA ENDORSEMENTS - 98 - SAMPLES AND DESCRIPTIONS LEASEHOLD – ALTA 13 SERIES LEASEHOLD – OWNER’S – FORM 13-06 LEASEHOLD – LOAN – FORM 13.1-06 ALTA Endorsement — Forms 13-06 and 13.1-06 were created to be attached to the ALTA Owner’s Policy and ALTA Loan Policy respectively. They are intended to be used either with policies covering only leasehold estates or for those that insure both leasehold estates and the ownership of improvements located on them. The previous leasehold owner’s and leasehold loan policies were designed to provide insurance for space tenants that have no significant investment in tenant improvements. As a result, those policies did not provide compensation for the value of improvements if lost, or for impairment of legitimate uses, as the result of a matter covered by the policies. The endorsement forms now provide all of the existing coverages of the leasehold policy and include the value of improvements in the calculation of losses resulting from eviction based on a matter insured by the policies. Similarly, improvement value is included if the Insured tenant is unable to use the property for its intended purpose as a result of a matter covered by the policy, assuming the lease permits such a use. Reimbursement to Insured lessees for specified out-of-pocket construction costs for improvements on the Land that were substantially incomplete at the time of eviction is also provided. Similar coverage is provided to Insured leasehold lenders for improvements they construct after they acquire the property by foreclosure or conveyance in lieu thereof. ALTA Endorsement — Form 13-06 removes the co-insurance clause from the owner’s policy as it respects Insured leasehold estates only. Finally, both endorsements increase the distance for which the Company will pay the costs of relocating personal property to 100 miles. ALTA Endorsement — Form 13-06 & 13.1-06 (Leasehold – Owner’s – 4/2/12) & (Leasehold – Loan – 4/2/12) Form 13-06 Leasehold – Owner’s