SUR

Surveys

To amend the survey exception, the Company generally requires a current survey. A current survey is typically no older than 6 months old and reflects current facts and improvements. Under certain circumstances, Texas Department of Insurance regulations require acceptance of surveys on residential property, if the survey is no older than seven (7) years. The Company will accept older surveys of any age on residential refinance loans, when supported by appropriate owner’s affidavit. All discrepancies, encroachments, conflicts and matters evidencing possible easements should be excepted if the standard (easement and survey) exception is deleted.

Requirement

SURR01 STG

Affidavit that Survey is Still Correct

The Company requires for its review a satisfactory affidavit executed by the owner of the land stating that there have been no improvements on the land (including fences or other structures) since the date of the prior survey. If the survey reveals any encroachments, overlaps, boundary line disputes, or other adverse matters, they may appear as exceptions in the Policy.
Comment: If the Company is willing to rely upon an older survey (over 6 months old) under the circumstances, it requires an affidavit that the survey remains accurate and an inspection if the land is commercial.

SURR02 STG

Update Prior Survey

The Company requires that the survey dated ____________ by __________ be updated and recertified. After review of the updated survey, the Company may make additional requirements or exceptions.
Comment: If the furnished survey is not current or a policy with extended coverage is downdated, the Company generally require an update of that survey.

Note: You may add additional local requirements here. Please consult with our underwriting personnel in preparing appropriate provisions.

Exception

SURX01 ALTA

Facts Disclosed by Survey

Any rights, easements, interests or claims which may exist by reason of or reflected by the following facts shown on the survey dated ____________________ by ________________.
Comment: If the survey or inspection shows conflicts, encroachments or evidence of easements, you should except to those matters. In appropriate cases, you may provide express insurance as to such matters.

See Underwriting Manual

SURX02 ALTA

Facts Disclosed by Inspection

Any rights, easements, interests or claims which may exist by reason of or reflected by the following facts: ___________________________________________________.
Comment: If the survey or inspection shows conflicts, encroachments or evidence of easements, you should except to those matters. In appropriate cases, you may provide express insurance as to such matters.

(1)[item] up to [maximum extent]
(2)[item] up to [maximum extent]
(3)[item] up to [maximum extent]
(1)[item] up to [maximum extent]
(2)[item] up to [maximum extent]
(3)[item] up to [maximum extent]
a)
b)
c)
d)
e)
{or} [No variations or encroachments]

as shown on survey made by ________N._________, dated _____(date)________[and last redated ______(date)_____. Policy affirmatively insures that the existing buildings as shown on the above survey, unless excepted above, are located wholly within the boundaries of the premises described herein.

Subject to any state of facts since the date of the survey.

{or, where appropriate - residential only} Personal Inspection dated _____(date)_______ shows the following:

North Line:
South Line:
East Line:
West Line:

FOR LOAN POLICIES ONLY: Policy insures the mortgagee against monetary loss notwithstanding the above variations, encroachments and other matters set forth in the above survey exception and as noted under the personal inspection.

NOTE: Any changes to existing structures or the addition of any structures are within bounds unless stated to the contrary in the above personal inspection. Compliance with zoning, setback and other governmental requirements is not certified or insured; nor does policy insure that any of the other matters noted in the above personal inspection are within bounds.

FOR INFORMATION ONLY (NOT FOR POLICY OR INSURANCE PURPOSES):

The above-mentioned survey shows the premises as being improved by:

The personal inspection discloses the following additions, extensions or other structures:

The accuracy of the matters shown above for information only is not guaranteed or insured.

Note: You may add additional local exceptions here. Please consult with our underwriting personnel in preparing appropriate provisions.

See Underwriting Manual