CLTA Assignment of Mortgage Endorsement (06-03-05) 104.9


Attached to Policy No.

Issued by


The Company hereby insures ________________________, "insured assignee," against loss or damage which the insured assignee shall sustain by reason of any of the following:

(a) The failure of the beneficial interest under the mortgage referred to in paragraph _______ of Part II of Schedule B to have been transferred to the insured assignee by a valid assignment or assignments;

(b) The existence of any subsisting tax or assessment lien which is prior to the insured mortgage, except:

(c) The existence of other matters shown by the public records affecting the validity or priority of the lien of the insured mortgage, other than those shown in the policy, except:

(d) The existence of any federal tax lien or bankruptcy proceeding affecting the title to the estate or interest referred to in Schedule A shown by the public records, other than those shown in the policy, except:

Impairment, failure or loss of title to the beneficial interest transferred to the insured assignee is expressly excluded from the coverage hereof if resulting from:

(a) lack of possession of the original promissory note secured by the insured mortgage, or

(b) the absence from the original promissory note of a proper endorsement to the insured assignee.

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.


For issuing guidelines on this form, see Guidelines