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Leasehold Endorsement: This endorsement converts the Loan Policy into a leasehold Loan Policy. Future Advance ? Knowledge Endorsement: This endorsement provides insurance for the continued priority of a mortgage securing both principal and interest of a loan for advances made to Borrower after date of Policy.
Endorsements Not Allowed in Florida For example, the zoning endorsement that is commonly issued in most states is not going to be available in Florida.
The Florida Form 9 or just Form 9, is a type of title insurance policy endorsement that allows title companies to issue insurance policies to safeguard the lender against loss or damage resulting from violations of the deed restrictions, encroachments, and set back lines existing as of the date of the policy.
This endorsement insures the lender against loss or damage sustained by the Insured by reason of: (a) the invalidity or unenforceability of the lien of the Insured Mortgage upon the Title as a result of the Modification; and (b) the lack of priority of the lien of the Insured Mortgage over defects in or liens or ...
Leasehold interest refers to property insurance covering the loss suffered by a tenant due to termination of a favorable lease because of damage to the leased premises by a covered cause.
Manufactured Housing Endorsement, the ALTA 7, is issued as affirmative coverage that the manufactured housing unit (including mobile homes) situated on the insured land is included in the policy definition of ?Land?.