Title and Title Insurance Requirements

Homium will retain in the individual loan file a copy of any trust documents that the title insurance company required in making its determination on the title insurance coverage.

The following requirements apply to title and title insurance:

• Title held in the trust does not in any way diminish Homium’s rights as a creditor, including the right to have full title to the property vested in Homium should foreclosure proceedings have to be initiated to cure a default under the terms of the mortgage.

• The title insurance policy ensures full title protection to Homium.

• The title insurance policy states that title to the security property is vested in the trustee(s) of the inter vivos revocable trust.

• The title insurance policy does not list any exceptions with respect to the trustee(s) holding title to the security property or to the trust.

• Title to the security property is vested solely in the trustee(s) of the inter vivos revocable trust, jointly in the trustee(s) of the inter vivos revocable trust and in the name(s) of the individual borrower(s), or in the trustee(s) of more than one inter vivos revocable trust.