Author: Roger Therien
Company: Dell Computer Corporation

State: California

Form:	CLTA Form 111.5 (ALTA Form 6)	Date: January 1, 1993
		CLTA Form 111.6 (ALTA Form 6.1
	CLTA Form 111.7
CLTA Form 111.8 (ALTA Form 6.2)

Subject:	These Endorsements provide coverage relating to: 1) changes in the rate of interest (calculated pursuant to the terms of the insured mortgage); 2) renewal of the insured mortgage (111.7 only); or 3) interest on interest or the addition of unpaid interest to the principal balance of the loan (111.8 only). These Endorsements may be issued with an ALTA Policy insuring a Lender only.

Requirements for Issuance:

1.	Verify that its deed of trust identifies the type of loan, states that it secures a note with the type of provisions discussed above and sets forth the initial rate of interest, the independent index by which changes in the rate are to be made and the time, method and formula for calculating such changes; and

2.	Obtain approval from an advisory title officer, branch counsel or the Underwriting Department if the Lender is other than a federally or state chartered bank, savings and loan or credit union; and

3.	If issuing 111.8 endorsement, confirm that the Policy amount equals the estimated maximum amount to be owed over the term of the loan or 125% of the principal amount.

Preparation Instructions:

A.	If issuing 111.6 Endorsement, insert "12 U.S.C.A. 3801, et seq., and any regulations promulgated under the authority granted therein."