201603.21
0

Minerals, Present – Future Improvements

Provides coverage to a Lender relating to the use of the land’s surface for the extraction or development of oil or mineral rights. This endorsement insures the Lender against loss by reason of damage to improvements to be constructed under a designated FHA project caused by exercise of the right to use the surface or the subsurface lying above a depth of 500 feet for extraction or development of oil, petroleum or other hydrocarbon substances excepted from the legal description in Schedule A.