NJRB 2-20 NJ ALTA Residential Limited Coverage Mortgage Modification Policy (NJ adopted 12-01-14)

RESIDENTIAL LIMITED COVERAGE MORTGAGE MODIFICATION POLICY

Issued By

STEWART TITLE GUARANTY COMPANY

Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the Company at the address shown in Section 15 of the Conditions.

COVERED RISKS

SUBJECT TO THE EXCLUSIONS FROM COVERAGE AND THE CONDITIONS, and provided that the Land is a one-to-four family residence or condominium unit, Blank Title Insurance Company, a _____________ corporation (the “Company”), insures, as of Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of:

1.         The invalidity or unenforceability of the lien of the Insured’s Mortgage upon the Title at Date of Policy as a result of the Modification; and

2.         The loss of priority of the lien of the Insured’s Mortgage, at Date of Policy, over any defects in or liens or encumbrances on the Title as a result of the Modification.

                       

The Company will also pay the costs, attorneys' fees, and expenses incurred in defense of any matter insured against by this policy, but only to the extent provided in the Conditions.

 

[Witness clause optional]

 

STEWART TITLE GUARANTY COMPANY

 

 

BY: ______________________________

PRESIDENT

           

                                   

BY: ______________________________

SECRETARY

 

No guidelines are available for this form at this time.