OTIRO Endorsement No. 86 HUD Assignment of Beneficail Interest Endorsement

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OTIRO Endorsement No. 86 HUD Assignment of Beneficail Interest Endorsement

Form Document
V 1





Date :
Premium :

The Company assures The Secretary of Housing and Urban Development of Washington, D.C. and his or her successors and assigns, herein Assured:

(a) That by a valid assignment or assignments the beneficial interest under the Mortgage or trust deed referred to in paragraph [4] of Schedule A has been transferred to said Assured by instrument dated [DATE], recorded [RECORDING DATE], in or as [RECORDING REFERENCE];

(b) Except as shown in paragraph E below, there are no matters affecting the validity or priority of the lien of said Mortgage as originally insured in the policy;

(c) That Schedule B, Part II, is hereby amended as follows (if there are no matters, indicate none): [FILL IN];

(d) That there are no recorded United States tax liens or recorded notices of bankruptcy proceedings in [FILL IN] County affecting the Title to said estate or interest, other than those in said policy, except: [FILL IN];

(e) That there are no subsisting tax assessment liens or other recorded liens or encumbrances which are prior to said Mortgage, except: [FILL IN];

(f) The effective date of the policy is hereby amended to be: [FILL IN].

The Company hereby insures said Assured against any loss of principal, interest or other sums secured by said Mortgage or trust deed, which said Assured shall sustain in the event that the assurances herein shall prove to be incorrect.

The total liability of the Company under said policy and any endorsements therein shall not exceed, in the aggregate, the face amount of said policy and costs which the Company is obligated under the Conditions and Stipulations thereof to pay.

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.

Order Reference:


BY: _______________________________
Authorized Signer

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