PA 1031 ALTA 9.1-06 Covenants Restrictions - Unimproved Land 4-1-13

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PA 1031 ALTA 9.1-06 Covenants Restrictions - Unimproved Land 4-1-13

Form Document
08/10/2020
V 7

TIRBOP - PA ENDORSEMENT 1031 (ALTA 9.1-06 COVENANTS, CONDITIONS & RESTRICTIONS - UNIMPROVED LAND - OWNER’S POLICY ONLY)

ATTACHED TO POLICY NUMBER ______________________

ISSUED BY

STEWART TITLE GUARANTY COMPANY

File No.: ______________________

Charge: ______________________

1.     The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions in the policy.

2.     For the purposes of this endorsement only, “Covenant” means a covenant, condition, limitation or restriction in a document or instrument in effect at Date of Policy.

3.     The Company insures against loss or damage sustained by the Insured by reason of:

a.     A violation on the Land at Date of Policy of an enforceable Covenant, unless an exception in Schedule B of the policy identifies the violation; or

b.     A notice of a violation, recorded in the Public Records at Date of Policy, of an enforceable Covenant relating to environmental protection describing any part of the Land and referring to that Covenant, but only to the extent of the violation of the Covenant referred to in that notice, unless an exception in Schedule B of the policy identifies the notice of the violation.

4.     This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys' fees, or expenses) resulting from:

a.     any Covenant contained in an instrument creating a lease;

b.     any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; or

c.     except as provided in Section 3.b, any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances.

 

IN WITNESS WHEREOF, the Company has caused this endorsement to be issued and become valid when signed by an authorized officer or licensed agent of the Company.

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