TIRSA NON IMPUTATION ENDORSEMENT Investors/ Full Equity Transfer (Owner's Policy)

BLANK TITLE INSURANCE COMPANY
NON IMPUTATION ENDORSEMENT
Investors/ Full Equity Transfer

(OWNERS POLICY ONLY)

Attached to and made a part of Policy Number ______________________________________________

The Company agrees that, notwithstanding the provisions in paragraph number 3(a) and (b) of the Exclusions From Coverage, in the event of loss or damage otherwise insured against under the terms of the Policy, the Company will not deny its liability thereunder to the Insured on the ground that the Insured had knowledge of any matter solely by reason of notice thereof imputed to it through

[Identify, as applicable, the exiting direct or indirect: partner(s), member(s), manager(s), shareholder(s), director(s) or officer (s) of the Insured as set forth in Schedule A of the Policy],

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

[Identify the “incoming” partners, members or shareholders]

acquired their interests in 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.

The Amount of Insurance under the Policy and this endorsement shall be reduced by any payment which may be received by the Insured under any other policy of title insurance affecting the premises insured by the Policy.

This endorsement is issued for the benefit of {insert name of Investor} which the Company has been advised is the holder of a 100% interest in {insert name of Vestee}. The Policy insures {insert name of Vestee} is the owner of the estate or interest in the Real Property described in Schedule A herein. The Policy does not insure that {insert name of Investor} is the holder of an interest in {insert name of the Vestee} nor the extent of that interest.

This endorsement is made a part of the Policy, of even date herewith and is subject to all of the terms and provisions thereof and of any prior endorsements thereto. Except to the extent expressly stated, it neither modifies any of the terms and provisions of the Policy and any prior endorsements, nor does it extend the Date of Policy and any prior endorsements, nor does it increase the Amount of Insurance.

[FORM OF VALIDATING LANGUAGE AT COMPANY OPTION]

DATED:                                                                BLANK TITLE INSURANCE COMPANY

 

TIRSA NON IMPUTATION ENDORSEMENT (xxxxx)

 

FIFTH REPRINT (XX/XX/XXXX)
SIXTH REVISION (XX/XX/XXXX)

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