TITLE QUICK REFERENCE GUIDEBOOK

TITLE QUICK REFERENCEGUIDEBOOK

Title Guarantee, a Title Insurance Agency, LLC -As your title contact of choice Title Guarantee, a Title Insurance Agency, LLC, is happy toprovide you with a quick reference guidebook to help you through common title insuranceprinciples.Title Guarantee was founded in 2011 and operates in the State of Utah. Our business is localand our clients are like family. At Title Guarantee it is our mission to provide unparalleledcustomer service and the place where people love to work. This is done by combining cuttingedge technology and our entrepreneurial spirit. Simply put, a no compromise approach whenit comes to offering our clients and customers the best the title industry has to offer.Title Guarantee strives to demonstrate to our clients our goal to always improve upon what wedo, and to earn the trust of those with whom we do business.If you have any questions about any item included in this manual, please feel free to contact usat Title Guarantee directly.We look forward to our continued working relationship and want to thank you for yourbusiness.Sincerely,Everyone at Title GuaranteeFort Union1385 E Fort Union BlvdCottonwood Heights 84121801-937-6953River Park10757 S River Front ParkwaySouth Jordan 84095801-639-0090Layton1558 N Woodland Park Drive #430Layton 84041385-231-1133

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Title Guarantee

STANDARD VS ENHANCEDCoverage comparison of standard ALTA owner’spolicy and homeowner’s policy of title insurance.STANDARDALTA OWNER’SPOLICYCOVERED RISKSENHANCEDHOMEOWNER’S POLICY xxxxx* x*You are forced to correct or remove an existing violation of any covenant, condition or restriction affecting the landxxxxx* Your existing improvements, including lawns, shrubbery or trees, are damaged because of future exercise of right to use thesurface of the land for the extraction or development of minerals, water or any other substancex x*x x* Your title is lost or taken because of a violation of any covenant, condition or restriction, which occurred before you acquired your titlex* Someone else tries to enforce a discriminatory covenant, condition or restriction that they claim affects your title, which isbased upon race, color, religion, sex, handicap, familial status or national originOn the anniversary of the Policy Date for first five years, the policy will automaticallyincrease by 10 percent in value, up to a total of 150 percent of the original Policy Amountx* x Some Covered Risks offer protections for possible post-policy ownership claims against the propertyx Any defect in or lien or encumbrance on the titleUnmarketability of the titleLack of right of access to and from the landTitle to the estate or interest described in Schedule A being vested other than as stated thereinYou are forced to remove your existing structures because they encroach onto your neighbor’s landSomeone has a legal right to and refuses to perform a contract to purchase the land, lease it or make a mortgage loan on itbecause your neighbor’s existing structures encroach onto the landYou are forced to remove your existing structures, which encroach onto an easement or over a building set-back lineYour existing structures are damaged because of the exercise of a right to maintain or use any easement affecting the landYou are forced to remove or remedy your existing structures, or any part of thembecause they violate an existing zoning law or zoning regulationYou are forced to remove or remedy your existing structures, or any part of them other than boundary walls orfences because any portion was built without obtaining a building permit from the proper government officeYour neighbor builds any structures after the policy date which encroach onto the landThe residence with the address is not located on the land at the policy dateThe map, if any, attached to the policy does not show the correct location of the land according to the public recordsYou do not have both actual vehicular and pedestrian access to and from the land based upon a legal rightYou cannot use the land because use as a single-family residence violates an existing zoning law or zoning regulationA taxing authority assesses supplemental real estate taxes not previously assessed against the land for any period before thepolicy date because of construction or a change of ownership or use that occurred before the policy dateYou are unable to obtain a building permit; you are required to correct or remove the violation; or someoneelse has a legal right to, and refuses to perform a contract to purchase the land, lease it or make a mortgage loanon it because of an existing violation of a subdivision law or regulation affecting the landNote: Covered risks listed are occurring after the policy date. The Homeowner’s Policy ofTitle Insurance is for use, when requested, for one-to-four-family residences only. It shouldnot be used for vacant land or for new construction. If issued on new construction, you mustindependently verify the payment of all lienable construction cost and the issuance of allrequired occupancy certificates. A deductible and/or liability cap may apply with respectto certain of the coverages afforded in the Homeowner’s Policy.utahtitle.comNote: All covered risks are subject to policy conditions, exclusionsand exceptions Coverage is subject to a deductible and liability cap.*Coverage for the item is not provided in the ALTA Owner’s policy UNLESS notice of thecovenant, ordinance, statute or regulation is recorded in the public land records. Available byendorsement.As of 06/2021 Old Republic Title The named agent above is a policy-issuing agent for Old Republic Title. Old Republic Title’s underwriters are Old Republic National Title Insurance Company and American Guaranty TitleInsurance Company Old Republic Title makes no express or implied warranty respecting the information presented herein and assumes no responsibility for errors or omissions. AMP SS 0042 H2

Title Guarantee, a Title Insurance Agency, LLC - As your title contact of choice Title Guarantee, a Title Insurance Agency, LLC, is happy to provide you with a quick reference guidebook to help you through common title insurance principles. Title Guarantee was founded in 2011