ALTA
ENDORSEMENTS SAMPLES AND DESCRIPTIONS
MINERALS AND OTHER SUBSURFACE SUBSTANCES – IMPROVEMENTS – FORM 35.1-06
ALTA Endorsement — Form 35.1-06 is available for both owner’s and loan polices. It gives coverage that was previously included in the former ALTA 9 series, but is no longer contained within those endorsements other than the revised ALTA 9-06 and the new ALTA 9.7-06. That coverage includes enforced removal of a specifically described Improvement resulting from the future exercise of a mineral right to extract or develop minerals or other subsurface substances. It excludes, contamination, explosion, fire, vibration, fracturing, earthquake or subsidence or negligence by the extracting party.
ALTA Endorsement — Form 35.1-06 (Minerals and Other Subsurface Substances – Improvements – 08/01/16)
Form 35.1-06
Minerals and Other Subsurface Substances – Improvements
- 195 -
Made with FlippingBook - professional solution for displaying marketing and sales documents online