GUIDE TO TITLE INSURANCE POLICY ENDORSEMENTS

GUIDE TO TITLEINSURANCEPOLICY ENDORSEMENTSRevised December 29, 2016

FORWARDThis guide has been prepared by Old Republic Title Company (Company) to provide a basicdirectory of title insurance policy endorsements. It does not contain a complete list of all theavailable endorsements, nor should this guide be thought of as modifying coverage of anypolicy or endorsement in any way or as an offer on behalf of the Company to issue any policy orendorsement.Revised December 29, 20161

TABLE OF CONTENTSINTRODUCTION . 4CLTA AND ALTA ENDORSEMENTSSTREET ASSESSMENTS SERIES . 6RESTRICTIONS (CC&R's) SERIES . 6CONSTRUCTION SERIES . 8EASEMENT SERIES . 9DEED OF TRUST/ASSIGNMENT SERIES . 10POLICY MODIFICATION SERIES . 10ALLOCATION OF LIABILITY SERIES . 11ADDITIONAL ADVANCE SERIES . 11MODIFICATION SERIES . 12RECONVEYANCE, SUBORDINATION, INTEREST RATE, ENFORECEABILITY SERIES . 13REVENUE BOND SERIES . 14CO-INSURANCE SERIES . 14CONDOMINIUM/PLANNED UNIT DEVELOPMENT SERIES . 14DESCRIPTION SERIES . 15AGGREGATION/TIE-IN SERIES . 16LEASEHOLD SERIES . 16CONSTRUCTION LOAN ADVANCE SERIES . 16ZONING SERIES . 17COVENANTS ARE BINDING SERIES . 17NONIMPUTATION SERIES . 17MEZZANINE FINANCING SERIES . 18TAX PARCEL SERIES . 18FIRST LOSS SERIES . 18USURY SERIES . 18DOING BUSINESS SERIES . 19INTEREST RATE SWAP SERIES . 19ONE TO FOUR FAMILY SERIES . 19SEVERABLE IMPROVEMENTS SERIES . 19CONSTRUCTION LOAN SERIES . 20DISBURSEMENT SERIES . 20IDENTIFIED RISK COVERAGE SERIES . 20MINERALS AND OTHER SUBSURFACE SUBSTANCES SERIES . 20Revised December 29, 20162

POLICY AUTHENTICATION SERIES . 21WATER SERIES . 21COMMERCIAL LENDER GROUP SERIES . 21ANTI-TAINT SERIES . 21INSURED MORTGAGE RECORDING SERIES . 22TAX CREDIT SERIES . 22PARI PASSU MORTGAGE SERIES . 22OPTION SERIES . 22ORT ENDORSEMENTSORT ENDORSEMENTS . 23EQUIVALENTSCLTA/ALTA EQUIVALENTS. 25ALTA/CLTA EQUIVALENTS. 26Revised December 29, 20163

INTRODUCTIONAn endorsement can be defined as a rider that modifies a title insurance policy. Most often anendorsement will have the effect of expanding the scope of policy coverage. However, apolicy may also be endorsed to limit coverage. Although all title policies can be endorsed, notall endorsements are intended to be issued with all policies. Some endorsements apply toowners policies while others are appropriate to loan policies with yet others being equallyapplicable to both, but not necessarily with standard and extended coverage policies.Old Republic National Title Insurance Company, issues policies and endorsementspromulgated by the American Land Title Association (ALTA) and the California Land TitleAssociation (CLTA) as well as its own “ORT” forms.ALTA is the nationwide association of the title insurance industry. Its members include titleinsurers, title agents, attorneys and other affiliated professionals. ALTA serves as an advocateon behalf of its members and the industry’s interest, provides education and information to itsmembers and the industry’s interest, provided education and information to its members andcreates and promotes professional industry standards. ALTA also promulgates uniform titleinsurance policies and endorsements for use by its members on a national basis.CLTA is the California association of thee title insurance industry. Its members also includetitle insurers, title companies, attorney’s and affiliated professionals. CLTA offers services toits members, provides a unified voice on legislative and regulatory issues and adopts, developsand publishes standardized title insurance forms.The primary types of title insurance policies issued by the Company are the CLTA StandardCoverage Policy, CLTA/ALTA Homeowner’s Policy of Title Insurance, ALTA Owner’sPolicy (2006) and ALTA Loan Policy (2006).The CLTA Standard Coverage Policy, as its name would imply, is a standard coverage policy.The ALTA Owner’s and ALTA Loan Policies may be issued in either standard coverage orextended form. The CLTA/ALTA Homeowner’s Policy of Title Insurance is distinct fromboth the CLTA and ALTA forms as it may insure only a one to four unit residential structurewhere the insured is a natural person. It is often referred to as an expanded coverage policy.The difference between “standard coverage” and “extended coverage” can be thought of, insimplistic terms, as the difference between “record coverage”, being insurance against thosematters covered by the policy disclosed by an examination of the public records and “offrecord coverage” being those covered matters disclosed by an inquiry, inspection and survey.As noted above the ALTA Owner’s Policy and ALTA Loan Policy may be issued in eitherstandard or extended coverage form. Structurally the distinction between standard andextended coverage is not the policy from, but the inclusion of the six “standard exceptions”,sometimes called “western regional exceptions” or “pre-printed exceptions”, in the policy.Thus, it is the exceptions to coverage in an ALTA Owner’s or Loan Policy that dictate whetherthe policy is written in standard or extended coverage form.Revised December 29, 20164

With the significant expansion of the policy coverage under an extended coverage policy overa standard coverage policy it is logical that endorsements that may add further coverage to anextended coverage policy are not appropriate with a standard coverage policy. Likewiseendorsements which may add coverage to a standard coverage policy may not be necessarywith an extended coverage policy as the desired coverage may exist by reason of the absenceof the standard exceptions in the policy.Endorsements are individually named and can be referred to by their particular title or purpose.However, endorsements are most commonly and more accurately identified by reference to theendorsement form number assigned by the originating and/or adopting title association.ALTA and CLTA both employ their own numbering sequence for endorsements. Since CLTAhas, with one exception, adopted all of the ALTA endorsement forms, this Guide will listendorsement forms primarily under the CLTA form designation number with a cross referenceto the ALTA number.CLTA employs a three digit numbering system beginning with “100”. Endorsements with acommon purpose or subject matter are generally numbered within the series using a subnumber, typically beginning with “.1”. Endorsements which employ a “-06” are specificallydesigned to be issued with the ALTA Owners Policy (2006) and/or ALTA Loan Policy (2006).For example, the CLTA 100 series encompasses endorsements that by and large provideassurance in respect to covenants, conditions and restrictions (CC&R’s). The firstendorsement in the 100 series is the “100-06”. The second endorsement is the “100.1” and thethird is the “100.2-06”. Of these three sample endorsements we know that the 100-06 and the100.2-06 are for use only with an ALTA 2006 Policy, in this case an ALTA Loan Policy(2006), whereas the 100.1 because of the absence of the “-06” is intended for use with theCLTA Standard Coverage Policy.Revised December 29, 20165

CLTA AND ALTA ENDORSEMENTSEndorsementNumberSummary DescriptionApplicable PolicySTREET ASSESSMENTS SERIESALTA 1-06EndorsementNumberAssessments – Street ImprovementsSummary DescriptionALTA – LoanApplicable PolicyRESTRICTIONS (CC&R’S) SERIESCLTA 100-06Restrictions, Encroachments & MineralsALTA – LoanCLTA 100.2-06(ALTA 9-06)Restrictions, Encroachments & Minerals – Loan PolicyALTA – LoanCovenants, Conditions and Restrictions – Loan PolicyALTA – LoanPrivate Rights - Loan PolicyALTA – LoanCLTA 100.2.7-06(ALTA 9.7-06)Restrictions, Encroachments, Minerals – Land UnderDevelopment - Loan PolicyALTA – LoanCLTA 100.2.8-06(ALTA 9.8-06)Covenants, Conditions and Restrictions – Land UnderDevelopment - Owner PolicyALTA – OwnerCLTA 100.2.9-06(ALTA 9.9-06)Private Rights – Owner’s PolicyALTA – OwnerCLTA 100.2.10-06(ALTA 9.10-06)Restrictions, Encroachments, Minerals – Current Violations– Loan PolicyALTA – LoanCLTA 100.4-06CC&R’s, ViolationsALTA – LoanCLTA 100.5-06CC&R’s, ViolationsALTA – OwnerCLTA 100.6-06CC&R’s, Including Future Violations – Owner’s PolicyALTA – OwnerCLTA 100.7-06CC&R’s, ViolationsALTA – OwnerCLTA 100.8-06CC&R’s, ViolationsALTA – OwnerCLTA 100.2.1-06(ALTA 9.3-06)CLTA 100.2.6-06(ALTA 9.6-06)Revised December 29, 20166

EndorsementNumberSummary DescriptionApplicable PolicyCLTA 100.9-06(ALTA 9.1-06)Covenants, Conditions and Restrictions – Unimproved Land– Owner’s PolicyALTA – OwnerCLTA 100.10-06(ALTA 9.2-06)Covenants, Conditions and Restrictions – Improved Land –Owner’s PolicyALTA – OwnerCLTA 100.12-06CC&R’s, Right of ReversionALTA – Loan orOwnerCLTA 100.13-06CC&R’s, Assessment Liens – Loan PolicyALTA – LoanCLTA 100.17-06CC&R’s, Proper ModificationCLTA 100.18-06CC&R’s, Right of ReversionALTA – Loan orOwnerALTA – Loan orOwnerCLTA 100.19-06CC&R’s, ViolationsALTA – Loan orOwnerCLTA 100.20-06CC&R’s, ViolationsALTA – Loan orOwnerCLTA 100.21-06CC&R’s, Plans and SpecificationsALTA – LoanCLTA 100.23-06Minerals, Surface DamageALTA – LoanCLTA 100.24-06Minerals, Surface Entry by LesseeALTA – LoanCLTA 100.25-06Minerals, Surface UseALTA – LoanCLTA 100.26-06Minerals, Present – Future ImprovementsALTA – LoanCLTA 100.27-06CC&R’s, ViolationsALTA – LoanCLTA 100.28-06CC&R’s, Violation – Future ImprovementsALTA – Loan orOwnerCLTA 100.29-06Minerals, Surface DamageALTA – Loan orOwnerRevised December 29, 20167

EndorsementNumberSummary DescriptionApplicable PolicyCONSTRUCTION SERIESCLTA 101Mechanic’s LiensCLTA – LoanCLTA 101.1-06Mechanic’s LiensALTA – OwnerCLTA 101.2-06Mechanic’s Liens, Notice of CompletionALTA – LoanCLTA 101.3-06Mechanic’s Liens, Notice of CompletionALTA – LoanCLTA 101.5-06Mechanic’s Liens, Notice of CompletionALTA – LoanCLTA 101.6-06Mechanic’s Liens, Notice of CompletionALTA – LoanCLTA 101.8Mechanic’s LiensCLTA – LoanCLTA 101.9-06Mechanic’s Liens, Notice of CompletionALTA – OwnerCLTA 101.10-06Mechanic’s Liens, Notice of CompletionALTA – LoanCLTA 101.11-06Mechanic’s Liens, No Notice of CompletionALTA – LoanCLTA 101.12-06Mechanic’s Liens, No Notice of CompletionALTA – OwnerCLTA 101.13-06Mechanic’s Liens, Notice of CompletionALTA – LoanCLTA 102.4-06FoundationALTA – LoanCLTA 102.5-06FoundationALTA – LoanCLTA 102.6-06Foundation, Portion of PremisesALTA – LoanCLTA 102.7-06Foundation, Portion of PremisesALTA – LoanRevised December 29, 20168

EndorsementNumberSummary DescriptionApplicable PolicyEASEMENT SERIESCLTA 103.1-06(ALTA 28-06)Easement, Damage or Enforced RemovalALTA – OwnerCLTA 103.2-06Easement, Damage – Use or MaintenanceALTA – LoanCLTA 103.3-06Easement, Existing Encroachment, Enforced RemovalALTA – LoanCLTA 103.4-06Easement, Access to Public StreetALTA – Loan orOwnerCLTA 103.5-06Water Rights, Surface DamageALTA – Loan orOwnerCLTA 103.6-06Encroachments, None ExistCLTA 103.7-06Land Abuts StreetALTA – LoanALTA – Loan orOwnerCLTA 103.8-06Water Rights, Future ImprovementsALTA – LoanCLTA 103.9-06Encroachment, Future ImprovementsALTA – LoanCLTA 103.10-06Surface Use, Horizontal SubdivisionALTA – Loan orOwnerCLTA 103.11-06(ALTA 17-06)Access and EntryALTA – Loan orOwnerCLTA 103.12-06(ALTA 17.1-06)CLTA 103.13-06(ALTA 17.2-06)CLTA 103.14-06(ALTA 28.1-06)Encroachments – Boundaries and EasementsALTA – Loan orOwnerALTA – Loan orOwnerALTA – Loan orOwnerCLTA 103.15-06(ALTA 28.2-06)Encroachments – Boundaries and Easements – DescribedImprovementsALTA – Loan orOwnerCLTA 103.16-06(ALTA 28.3-06)Encroachments – Boundaries and Easements – DescribedImprovements and Land Under DevelopmentALTA – Loan orOwnerRevised December 29, 2016Indirect Access and EntryUtility Access9