NJRB 2-14 - NJ ATLA Short Form Expanded Coverage Residential Loan Policy (NJ Variation - last revised 02/15/2015)

SHORT FORM EXPANDED COVERAGE RESIDENTIAL LOAN POLICY

ONE-TO-FOUR FAMILY

Issued by

STEWART TITLE GUARANTY COMPANY

SCHEDULE A

Name and Address of Title Insurance Company:

Policy Number:                                                                    Loan Number:
File Number:
Policy Amount:  $                                                               [Premium: $                          ]

Mortgage Amount: $                                                          Mortgage Date:

Date of Policy: _________ [or date of recording of the Insured Mortgage, whichever is later]

Name of Insured:

Name of Borrower(s):

Street Address:
County and State:

                The estate or interest in the Land which is encumbered by the Insured Mortgage is fee simple and is, at Date of Policy, vested in the Borrower(s) shown in the Insured Mortgage and named above.

                The Land referred to in this policy is described as set forth in the Insured Mortgage.

                This policy consists of ___ page(s), unless an addendum is attached and indicated below:

                ______ Addendum attached

                The following state statutes are made part of Schedule B, relating to the ALTA 8.1-06 Environmental Protection Lien Endorsement:  New Jersey Variation: N.J.S.A. 58:10-23.11 et seq.

Blank Title Insurance Company has caused its corporate seal to be affixed and this Policy to be signed in facsimile under authority of its by-laws, provided that the Policy is not valid or binding unless the issuing agent is specified on this Schedule “A”.

STEWART TITLE GUARANTY COMPANY

BY: ______________________________________
                PRESIDENT

BY: ______________________________________
                SECRETARY

SUBJECT TO THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B BELOW, AND ANY ADDENDUM ATTACHED HERETO, BLANK TITLE INSURANCE COMPANY, A ___________ CORPORATION, HEREIN CALLED THE “COMPANY,” HEREBY INSURES IN ACCORDANCE WITH AND SUBJECT TO THE TERMS, EXCLUSIONS, AND CONDITIONS SET FORTH IN THE AMERICAN LAND TITLE ASSOCIATION EXPANDED COVERAGE RESIDENTIAL LOAN POLICY (12-02-13), ALL OF WHICH ARE INCORPORATED HEREIN.  ALL REFERENCES TO SCHEDULES A AND B SHALL REFER TO SCHEDULES A AND B OF THIS POLICY.

SCHEDULE B

EXCEPTIONS FROM COVERAGE

Except to the extent of the coverage provided in the Endorsements listed after COVERED RISK 28, this policy does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees or expenses) which arise by reason of:

1. Those taxes and special assessments that become due or payable subsequent to Date of Policy.  (This does not modify or limit the coverage provided in Covered Risk 11(b) or 25.)
2. Covenants, conditions and restrictions, if any, appearing in the Public Records, but not including any covenant, condition or restriction based on race, color, religion, sex, handicap, familial status, sexual orientation or national origin, unless and only to the extent that said covenant is (a) exempt under Chapter 42, Section 3607 of the United States Code, or (b) related to a handicap but does not discriminate against handicapped persons.  (This does not modify or limit the coverage provided in Covered Risk 9, 10, 11(c) or 17.)
3. Any easements or servitudes appearing in the Public Records.  (This does not modify or limit the coverage provided in Covered Risk 23 or 24.)
4. Any lease, grant, exception, or reservation of minerals or mineral rights appearing in the Public Records.  (This does not modify or limit the coverage provided in Covered Risk 18.)

NOTICES, WHERE SENT:  All notices required to be given the Company and any statement in writing required to be furnished the Company shall include the number of this policy and shall be addressed to the Company at ______________________.

ADDENDUM TO SHORT FORM EXPANDED COVERAGE RESIDENTIAL LOAN POLICY

Addendum to Policy Number ___________________ [File Number: __________________]

SCHEDULE B (Continued)

IN ADDITION TO THE MATTERS SET FORTH ON SCHEDULE B OF THE POLICY TO WHICH THIS ADDENDUM IS ATTACHED, THIS POLICY DOES NOT INSURE AGAINST LOSS OR DAMAGE BY REASON OF THE FOLLOWING

1.