ALTA Endorsement 7.1 (Manufactured Housing - Conversion Loan) (7-1-21)

ALTA Endorsement 7.1 (Manufactured Housing - Conversion Loan) (7-1-21)

This Endorsement is Issued as Part of Policy Number ______________________

Issued By
Stewart Title Guaranty Company

1.      The term “Land” includes the manufactured housing unit located on the land described in Schedule A at the Date of Policy.

2.      Unless excepted in Schedule B, the Company insures against loss or damage sustained by the Insured if, at the Date of Policy:

a.      A manufactured housing unit is not located on the land described in Schedule A.

b.      The manufactured housing unit located on the land is not real property under the law of the State where the land described in Schedule A is located.

c.      The owner of the land described in Schedule A is not the owner of the manufactured housing unit.

d.      Any lien is attached to the manufactured housing unit as personal property, including:

i.       a federal, State, or other governmental tax lien;

ii.       UCC security interest;

iii.      a motor vehicular lien; or

iv.      other personal property lien.

e.      The lien of the Insured Mortgage is not enforceable against the Title.

f.       The lien of the Insured Mortgage is not enforceable in a single foreclosure procedure.

Date:  ______________________