Sample # 2: Notwithstanding anything else contained within this Policy, in the event that the proceeds of the
Insured Mortgage are paid to any person or entity other
than: i) to the registered title holder or holders, as the case may be; ii) holder (s) of prior registered encumbrances (s); iii) an execution or judgment creditor (s); iv) to a non-registered covenantor that is a spouse, child or parent of the registered title holder or holders; v) to credit card companies for credit cards in the name of the registered title holder or holders or in the name of non-registered covenantor (s) that are the spouse, child or parent of the registered title holder or holders; then the Company can deny coverage and shall have no liability to the
Insured for any matters that involve the allegation of mortgage / title fraud, including
challenges to the validity and enforceability of the
Insured Mortgage.