201603.21
0

Modification and Additional Advance

Designed for issuance when the insured makes an additional advance secured by the insured mortgage and concurrently enters into a modification agreement modifying the terms of the insured mortgage or the obligation secured thereby. Provides coverage with respect to the vesting, priority of the lien of the insured mortgage and reconveyances, modifications and subordinations of the insured mortgage shown by the public records.