The Charge for this endorsement is 15%, calculated in accordance with Section 5.2, with a minimum Charge of $150.00.ĮNCROACHMENTS – BOUNDARIES AND EASEMENTS (4/1/13) – Owner’s Policy Only This endorsement insures against loss or damage by reason of a violation of a Covenant that divests, subordinates or extinguishes the lien of the Insured Mortgage or that results in the invalidity, unenforceability or lack of priority of the lien of the Insured Mortgage violation of an enforceable Covenant by an Improvement or a Future Improvement enforced removal of an Improvement or a Future Improvement as a result of a violation of a building setback line shown on a recorded subdivision plan, notice of a violation recorded in the Public Records of an enforceable Covenant relating to environmental protection encroachment of an Improvement or a Future Improvement damage to an Improvement or a Future Improvement that encroaches upon an easement area or that results from the exercise of an easement and insurance against damage to an Improvement or a Future Improvement resulting from the right to use the surface of the Land for the extraction or development of minerals or any other subsurface substances. RESTRICTIONS, ENCROACHMENTS, MINERALS – LAND UNDER DEVELOPMENT (4/1/13) – Loan Policy Only The Charge for this endorsement is 10%, calculated in accordance with Section 5.2, with a minimum Charge of $150.00.Įndorsement 1034 (ALTA 9.7-06) (Revised 4/2/12) This endorsement insures against loss or damage by reason of a violation of a Covenant that divests, subordinates or extinguishes the lien of the Insured Mortgage or that results in the invalidity, unenforceability or lack of priority of the lien of the Insured Mortgage violation of an enforceable Covenant by an Improvement on the Land enforced removal of an Improvement as a result of a violation of a building setback line shown on a recorded subdivision plan, notice of a violation recorded in the Public Records of an enforceable Covenant relating to environmental protection encroachment of an Improvement damage to an Improvement that encroaches upon an easement area or that results from the exercise of an easement and insurance against damage to an Improvement resulting from the right to use the surface of the Land for the extraction or development of minerals or any other subsurface substances. SPECIAL RISKS (RESTRICTIONS, ENCROACHMENTS, MINERALS) (4/1/13) – Loan Policy Only
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