Endorsements

The Company agrees that it will not assert the provisions of Exclusions from Coverage 3(a), (b), or (e) to deny liability for loss or damage otherwise insured against under the terms of the policy solely by reason of the action or inaction or knowledge, as of Date of Policy, of

[identify exiting or contributing partner(s) of the insured partnership entity, member(s) or manager(s) of the insured limited liability company entity, or officer(s) and/or director(s) of the insured corporate entity],

whether or not imputed to the insured by operation of law, provided

[identify the "incoming" partners, members or shareholders]

acquired the insured as a purchaser for value without knowledge of the asserted defect, lien, encumbrance, adverse claim, or other matter insured against by the policy.

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.

[Witness clause optional]

Date: _________________________

First American Title Insurance Company

By: _______________________________________

Authorized Signatory

ALTA Form 15 Nonimputation-Full Equity Transfer (Issuing Guideline)

ALTA FORM 15.1 NONIMPUTATION-ADDITIONAL INSURED

[Entity as the named insured in the policy and vestee of the insured estate or interest identified in Schedule A]

ENDORSEMENT
Attached to Policy No. ______
Issued By
FIRST AMERICAN TITLE INSURANCE COMPANY

For purposes of the coverage provided by this endorsement,

[identify the "incoming" partner, member or shareholder]

("Additional Insured") is added as an insured under the policy. By execution below, the insured named in Schedule A acknowledges that any payment made under this endorsement shall reduce the amount of insurance as provided in Section 10 of the Conditions and Stipulations.

The Company agrees that it will not assert the provisions of Exclusions from Coverage 3(a), (b), or (e) to deny liability to the Additional Insured for loss or damage otherwise insured against under the terms of the policy solely by reason of the action or inaction or knowledge, as of Date of Policy, of

[identify, as applicable, the existing and/or exiting partner(s) of the insured partnership entity, member(s) or manager(s) of the insured limited liability company entity, or officer(s) and/or director(s) of the insured corporate entity],

whether or not imputed to the Additional Insured by operation of law, to the extent of the percentage interest in the insured acquired by Additional Insured as a purchaser for value without knowledge of the asserted defect, lien, encumbrance, adverse claim, or other matter insured against by the policy.

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.

AGREED AND CONSENTED TO:

___________________________________

INSURED

[Witness clause optional]

First American Title Insurance Company

Authorized Signatory

ALTA Form 15.1 Nonimputation-Additional Insured (Issuing Guideline)

ALTA FORM 15.2 NONIMPUTATION-PARTIAL EQUITY TRANSFER

[Incoming partner, member, or shareholder, as the named insured in its own policy, where the vestee of the insured estate or interest identified in Schedule A is a partnership, limited liability company or corporation]

ENDORSEMENT
Attached to Policy No. ______
Issued By
FIRST AMERICAN TITLE INSURANCE COMPANY

The Company agrees that it will not assert the provisions of Exclusions from Coverage 3(a), (b), or (e) to deny liability for loss or damage otherwise insured against under the terms of the policy solely by reason of the action or inaction or knowledge, as of Date of Policy, of

[identify, as applicable, the existing and/or exiting partner(s) of the vestee partnership entity, member(s) or manager(s) of the vestee limited liability company entity, or officer(s) and/or director(s) of the vestee corporate entity],

whether or not imputed to the entity identified in paragraph 3 of Schedule A or to the insured by operation of law, but only to the extent that the insured acquired the insured's interest in entity as a purchaser for value without knowledge of the asserted defect, lien, encumbrance, adverse claim, or other matter insured against by the policy.
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.

[Witness clause optional]

Date: _________________________

First American Title Insurance Company

By: _______________________________________

Authorized Signatory

ALTA Form 15.2 Nonimputation-Partial Equity Transfer (Issuing Guidelines)

ALTA FORM 16 MEZZANINE FINANCING

ENDORSEMENT
Attached to Policy No. ______
Issued By
FIRST AMERICAN TITLE INSURANCE COMPANY

1. The Mezzanine Lender is:
   and each successor in ownership of its loan ("Mezzanine Loan") reserving, however, all rights and defenses as to any successor that the Company would have had against the Mezzanine Lender, unless the successor acquired the indebtedness as a purchaser for value without knowledge of the asserted defect, lien, encumbrance, adverse claim or other matter insured against by this policy as affecting title to the estate or interest in the land.
   
   
2. The insured:
   
   1. assigns to the Mezzanine Lender the right to receive amounts otherwise payable to the insured under this policy, not to exceed the outstanding indebtedness under the Mezzanine Loan; and
      
   2. agrees that no amendment of or endorsement to this policy can be made without the written consent of the Mezzanine Lender except as provided in Section 12(a) of the Conditions and Stipulations.
      
3. The Company does not waive any defenses that it may have against the insured, except as expressly stated in this endorsement.
   
4. In the event of a loss under the policy, the Company agrees that it will not assert the provisions of Exclusions from Coverage 3(a), (b) or (e) to refuse payment to the Mezzanine Lender solely by reason of the action or inaction or knowledge, as of Date of Policy, of the insured, provided:
   
   
   1. the Mezzanine Lender had no knowledge of the defect, lien, encumbrance or other matter creating or causing loss on Date of Policy.
      
   2. this limitation on the application of Exclusions from Coverage 3(a), (b) and (e) shall:
      
      
      1. apply whether or not the Mezzanine Lender has acquired an interest (direct or indirect) in the insured either on or after Date of Policy, and
         
      2. benefit the Mezzanine Lender only without benefiting any other individual or entity that holds an interest (direct or indirect) in the insured or the land.
5. In the event of a loss under the Policy, the Company also agrees that it will not deny liability to the Mezzanine Lender on the ground that any or all of the ownership interests (direct or indirect) in the insured have been transferred to or acquired by the Mezzanine Lender, either on or after the Date of Policy.
   
6. The Mezzanine Lender acknowledges:
   
   
   1. that the amount of insurance under this policy shall be reduced by any amount the Company may pay under any policy insuring a mortgage to which exception is taken in Schedule B or to which the insured has agreed, assumed, or taken subject, or which is hereafter executed by an insured and which is a charge or lien on the estate or interest described or referred to in Schedule A, and the amount so paid shall be deemed a payment under this policy; and
      
   2. that the Company shall have the right to insure mortgages or other conveyances of an interest in the land, without the consent of the Mezzanine Lender.
      
7. If the insured, the Mezzanine Lender or others have conflicting claims to all or part of the loss payable under the Policy, the Company may interplead the amount of the loss into Court. The insured and the Mezzanine Lender shall be jointly and severally liable for the Company's reasonable cost for the interpleader and subsequent proceedings, including attorneys' fees. The Company shall be entitled to payment of the sums for which the insured and Mezzanine Lender are liable under the preceding sentence from the funds deposited into Court, and it may apply to the Court for their payment.
   
8. Whenever the Company has settled a claim and paid the Mezzanine Lender pursuant to this endorsement, the Company shall be subrogated and entitled to all rights and remedies that the Mezzanine Lender may have against any person or property arising from the Mezzanine Loan. However, the Company agrees with the Mezzanine Lender that it shall only exercise these rights, or any right of the Company to indemnification, against the insured, the Mezzanine Loan borrower, or any guarantors of the Mezzanine Loan after the Mezzanine Lender has recovered its principal, interest, and costs of collection. If a payment on account of a claim does not fully cover the loss of the insured claimant, the Company shall be subrogated to all rights and remedies of the insured claimant after the insured claimant shall have recovered its principal, interest, and costs of collection.

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.

AGREED AND CONSENTED TO:

(Insert name of Insured)

By: ____________________________

(Insert name of Mezzanine Lender)

By: ____________________________

[Witness clause optional]

First American Title Insurance Company

Authorized Signatory

ALTA Form 16 Mezzanine Financing (Issuing Guideline)

ALTA FORM 17 ACCESS AND ENTRY

ENDORSEMENT
Attached to Policy No. ______
Issued By
FIRST AMERICAN TITLE INSURANCE COMPANY

The Company insures against loss or damage sustained by the insured if, at Date of Policy: (i) the land does not abut and have both actual vehicular and pedestrian access to and from [insert name of street, road, or highway] (the "Street"), (ii) the Street is not physically open and publicly maintained, or (iii) the insured has no right to use existing curb cuts or entries along that portion of the Street abutting the land.

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.

[Witness clause optional]

Date: _________________________

First American Title Insurance Company

By: _______________________________________

Authorized Signatory

ALTA Form 17 Access and Entry (Issuing Guideline)

ALTA FORM 17.1 INDIRECT ACCESS AND ENTRY

ENDORSEMENT
Attached to Policy No. ______
Issued By
FIRST AMERICAN TITLE INSURANCE COMPANY

The Company insures against loss or damage sustained by the insured if, at Date of Policy: (i) the easement identified [as Parcel ______________] in Schedule [A][C] (the "Easement") does not provide that portion of the land identified [as Parcel ________________ ] in Schedule [A][C] both actual vehicular and pedestrian access to and from [insert name of street, road, or highway] (the "Street"), (ii) the Street is not physically open and publicly maintained, or (iii) the insured has no right to use existing curb cuts or entries along that portion of the Street abutting the Easement.

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.
[Witness clause optional]

Date: _________________________

First American Title Insurance Company

By: _______________________________________

Authorized Signatory

ALTA Form 17.1 Indirect Access and Entry (Issuing Guideline)

ALTA FORM 18 SINGLE TAX PARCEL

ENDORSEMENT
Attached to Policy No. ______
Issued By
FIRST AMERICAN TITLE INSURANCE COMPANY

The Company insures against loss or damage sustained by the insured by reason of the land being taxed as part of a larger parcel of land or failing to constitute a separate tax parcel for real estate tax purposes.

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.

[Witness clause optional]

Date: _________________________

First American Title Insurance Company

By: _______________________________________

Authorized Signatory

ALTA Form 18 Single Tax Parcel (Issuing Guideline)

ALTA FORM 18.1 MULTIPLE TAX PARCEL

ENDORSEMENT
Attached to Policy No. ______
Issued By
FIRST AMERICAN TITLE INSURANCE COMPANY

The Company insures against loss or damage sustained by the insured by reason of:

those portions of the land identified below not being assessed for real estate tax purposes under the listed tax identification numbers or those tax identification numbers including any additional land:

Parcel:

Tax Identification Numbers:

the easements, if any, described in Schedule A being cut off or disturbed by the non-payment of real estate taxes or assessments imposed on the servient estate by a governmental authority.

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.

[Witness clause optional]

Date: _________________________

First American Title Insurance Company

By: _______________________________________

Authorized Signatory

CLTA Form 129.1 Multiple Tax Parcel
ALTA Form 18.1 Multiple Tax Parcel (Issuing Guideline)

ALTA FORM 19 CONTIGUITY-MULTIPLE PARCEL

[For use when multiple separate parcels make up the "land" as defined in the policy]

ENDORSEMENT
Attached to Policy No. ______
Issued By
FIRST AMERICAN TITLE INSURANCE COMPANY

The Company insures against loss or damage sustained by the insured by reason of:

the failure [of the ______ boundary line of Parcel A] of the land to be contiguous to [the ______ boundary line of Parcel B] [for more than two parcels, continue as follows: "; of [the ______ boundary line of Parcel B] of the land to be contiguous to [the ______ boundary line of Parcel C] and so on until all contiguous parcels described in the policy have been accounted for]; or

the presence of any gaps, strips or gores separating any of the contiguous boundary lines described above.

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 to it.

[Witness clause optional]

Date: _________________________

First American Title Insurance Company

By: _______________________________________

Authorized Signatory

ALTA Form 19 Contiguity-Multiple Parcel (Issuing Guideline)

ALTA FORM 19.1 CONTIGUITY-SINGLE PARCEL

[For use when the insured desires contiguity coverage between the "land" as defined in the policy and some other parcel of land]

ENDORSEMENT
Attached to Policy No. ______
Issued By
FIRST AMERICAN TITLE INSURANCE COMPANY

The Company insures against loss or damage sustained by the insured by reason of:

the failure of the land to be contiguous along its ______ boundary line to [describe the land that is contiguous to the"land" as defined in the policy by its legal description or by reference to a recorded instrument - e.g. ". . . that certain parcel of real property legally described in the deed recorded as Instrument No. __________ , records of __________ County, State of ________________________ " ]; or

the presence of any gaps, strips or gores separating the contiguous boundary line described above.
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.

[Witness clause optional]

Date: _________________________

First American Title Insurance Company

By: _______________________________________

Authorized Signatory

ALTA Form 19.1 Contiguity-Single Parcel (Issuing Guideline)

ALTA FORM 20 FIRST LOSS-MULTIPLE PARCEL TRANSACTIONS

ENDORSEMENT
Attached to Policy No. ______
Issued By
FIRST AMERICAN TITLE INSURANCE COMPANY

This endorsement is effective only if the Collateral includes at least two parcels of real property.

For the purposes of this endorsement:

"Indebtedness" means all monetary obligations evidenced by the loan documents at Date of Policy as secured by the insured mortgage, but limited to the balance outstanding at the time the claim is made.

"Collateral" means all property, including the land, given as security for the Indebtedness.

"Material Impairment Amount" means the amount by which any matter covered by this policy for which a claim is made diminishes the value of the Collateral below the Indebtedness.

Subject to the provisions of Section 8 of the Conditions and Stipulations, in the event of a claim resulting from a matter insured against by this policy, the Company agrees to pay that portion of the Material Impairment Amount that does not exceed the limits of liability imposed by Sections 2 and 7 of the Conditions and Stipulations without requiring:

maturity of the Indebtedness by acceleration or otherwise;

pursuit by the insured of its remedies against the Collateral;

pursuit by the insured of its remedies under any guaranty, bond or other insurance policy.

Nothing in this endorsement shall impair the Company's right of subrogation. However, the Company agrees that its right of subrogation shall be subordinate to the rights and remedies of the insured. The Company's right of subrogation shall include the right to recover the amount paid to the insured pursuant to paragraph 2 from any debtor or guarantor of the Indebtedness, after payment or other satisfaction of the remainder of the Indebtedness and other obligations secured by the lien of the insured mortgage. The Company shall have the right to recoup from the insured claimant any amount received by it in excess of the Indebtedness up to the amount of the payment under paragraph 2.

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.

[Witness clause optional]

Date: _________________________

First American Title Insurance Company

By: _______________________________________

Authorized Signatory

ALTA Form 20 First Loss-Multiple Parcel Transactions

CLTA Form 130 First Loss-Multiple Parcel Transactions

ALTA FORM 21 CREDITOR'S RIGHTS

ENDORSEMENT
Attached to Policy No. ______
Issued By
FIRST AMERICAN TITLE INSURANCE COMPANY

The Company insures against loss or damage sustained by the insured by reason of the avoidance in whole or in part, or a court order providing some other remedy, based on the voidability of any estate, interest, or mortgage shown in Schedule A because of the occurrence on or before Date of Policy of a fraudulent transfer or a preference under federal bankruptcy, state insolvency or similar creditors' rights laws.

The coverage provided by this endorsement shall include the payment of costs, attorney's fees and expenses necessary to defend the insured against those counts, and no others, of any litigation seeking a court order which will result in loss or damage against which this endorsement provides insurance to the extent provided in the Conditions and Stipulations.

This endorsement does not insure against loss or damage if the insured: (a) knew when it acquired any estate, interest, or mortgage shown in Schedule A that the transfer, conveyance, or mortgage was intended to hinder, delay, or defraud any creditor; or (b) is found by a court not to be a transferee or purchaser in good faith.

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.

[Witness clause optional]

Date: _________________________

First American Title Insurance Company

By: _______________________________________

Authorized Signatory

ALTA Form 21 Creditor's Rights

CLTA Form 131 Creditor's Rights