CLTA Form 100.24-06 (09-08-13) | Minerals, Surface Entry by Lessee

 

 

 

ENDORSEMENT

Attached to Policy No.

Issued by

STEWART TITLE GUARANTY COMPANY

   The Company insures against loss or damage sustained by reason of the lessee under the lease referred to in paragraph       of Schedule B having the right to enter upon or use the surface of the Land under the terms of the lease.

   This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys' fees, or expenses) resulting from:

    (a)   contamination, explosion, fire, vibration, fracturing, earthquake or subsidence; [or]

    (b)    negligence by a person or an Entity exercising a right to extract or develop minerals or other     subsurface substances [; or

    (c)    the exercise of the rights described in (                        )]. *

* Instructional note:  identify the interest excepted from the description of the Land in Schedule A or excepted in Schedule B that you intend to exclude from this coverage.

   This endorsement is issued as part of the policy.  Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or  (iv) increase the Amount of Insurance.  To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls.  Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.

BLANK TITLE INSURANCE COMPANY

Dated:   By_________________________

CLTA Form 100.24-06 (09-08-13)

ALTA - Lender

 

 

No guidelines are available for this form at this time.