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


Investors/ Partial Equity Transfer

Attached to and made a part of Policy Number ______________________________________________

The Company insures the Insured 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 entity vested with the interest in real property as set forth in Schedule A (the “Vestee”) had knowledge of any matter solely by reason of notice thereof imputed to it through___________ [Identify, as applicable, the existing and /or exiting partner(s), direct or indirect: member(s), manager(s), shareholder(s), director(s) or officer(s) of the Vestee by operation of law. The insurance afforded hereby is limited to the Insured and does not inure to the benefit of nor shall the Company be required to pay to or on behalf of any other individuals or other entities involved in or connected with the Vesteee.

Section 8(a) of the Conditions is amended to read as follows:

(a) The liability of the Company under the Policy shall not exceed the least of:

(i) _____% of the actual monetary loss or damage sustained or incurred by the Vestee of which the Insured is a partner/shareholder/member, or if the interest of the Insured in said Vestee is reduced below _____%, such lesser proportion of the actual loss of said Vestee, or

(ii) ______% of the difference between the value of the insured estate or interest as insured and the value of the insured estate or interest subject to the defect, lien or encumbrance insured against by the Policy, or

(iii) The Amount of Insurance stated in Schedule A;

provided, however, that in no event shall the total liability of the Company under the Policy, including this endorsement, exceed in the aggregate, the Amount of Policy and costs which the Company is obligated to pay under the Conditions therein.

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.

Endorsement is issued for the benefit of {insert name of Investor} which the Company has been advised is the holder of a {XX%} 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.


DATED:                                                             BLANK TITLE INSURANCE COMPANY


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