201603.21
0

Water Rights, Future Improvements

Provides coverage to a Lender against loss resulting from damage to improvements caused by the exercise of the right to use the surface of the land for the extraction or development of water excepted from the legal description in Schedule A or shown as a Schedule B matter. This endorsement is designated for issuance in conjunction with FHA mortgages when the improvements, although contemplated in plans and specifications, have not yet been constructed on the property.