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Loan Policy No. 5011300-1677452e, Insured OC Public Facilities Company, for 4801 West Ten Rd., Efland, NC
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Loan Policy No. 5011300-1677452e, Insured OC Public Facilities Company, for 4801 West Ten Rd., Efland, NC
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10/16/2015 3:12:18 PM
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10/16/2015
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S Order of the Board of County Commissioners to collect taxes remaining unpaid as set forth in the 2006 through 2015 tax records filed int he office of the Tax Collector
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M . First American <br /> Title Insurance Company <br /> interest, or(iii) the addition of unpaid interest to the Indebtedness. <br /> b. interest on interest, (ii) changes in the rate of interest, or(iii) the addition of unpaid interest to <br /> the Indebtedness. <br /> c. Lack of priority of the lien of the Insured Mortgage as security for the Indebtedness, including <br /> any unpaid interest that was added to principal in accordance with any provisions of the <br /> Agreement, interest on interest, or interest as changed in accordance with the provisions of the <br /> Insured Mortgage, which lack of priority is caused by (i) changes in the rate of interest, (ii) <br /> interest on interest, or(iii) increases in the Indebtedness resulting from the addition of unpaid <br /> interest. <br /> 4. This endorsement does not insure against loss or damage (and the Company will not pay costs, <br /> attorneys' fees, or expenses) resulting from: <br /> a. The invalidity, unenforceability or lack of priority of the lien of the Insured Mortgage as <br /> security for any Advance made after a Petition for Relief under the Bankruptcy Code (11 <br /> U.S.C.)has been filed by or on behalf of the mortgagor; <br /> b. The lien of real estate taxes or assessments on the Title imposed by governmental authority <br /> arising after Date of Policy; <br /> c. The lack of priority of the lien of the Insured Mortgage as security for any Advance to a <br /> federal tax lien, which Advance is made after the earlier of(i) actual knowledge of the <br /> Insured that a federal tax lien was filed against the mortgagor, or(ii)the expiration, after <br /> notice of a federal tax lien filed against the mortgagor, of any grace period for making <br /> disbursements with priority over the federal tax lien provided in the Internal Revenue Code <br /> (26 U.S.C.); <br /> d. Any federal or state environmental protection lien. <br /> 5. The Indebtedness includes Advances. <br /> IN WITNESS WHEREOF, First American Title Insurance Company has caused this <br /> Endorsement to be signed and sealed on its date of issue set forth herein. <br /> Dated: June 25,2015 <br /> First American Title Insurance Company <br /> Countersigned by: <br /> I STORS TITL COAI RCIAL AGENCY,LLC <br /> Authorized Signatory <br /> • Page:2 •• <br /> Page:2 <br />
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