Examples of Mortgage Policy in a sentence
The ALTA Residential Limited Coverage Mortgage Policy may be issued in connection with a modification of a mortgage by an institutional lender covering one-to-four residential real property or condominiums.
Construction Mortgage Policy: a Loan Policy, including a Leasehold Loan Policy, insuring a Construction Mortgage.
The charge for this policy will be the currently approved rate for the standard Mortgage Policy (shown in item 2 of this manual), plus the filed rate, if any, for any endorsement as indicated for use in Schedule A of the policy.
Furthermore, in the case of additional Real Property Collateral, Holdings will, and will cause the other Credit Parties to, deliver to the Collateral Agent such opinions of counsel in each jurisdiction in which the mortgaged Real Property is located, surveys or survey updates or ExpressMaps, as required to the extent necessary to allow the issuer of the Mortgage Policy to issue such policy without a standard survey exception.
Evidence of payment by the Company of all Mortgage Policy premiums, search and examination charges, mortgage recording taxes, fees, charges, costs and expenses required for the recording of the Mortgages, fixture filings and other documents and issuance of the Mortgage Policies referred to above.