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Closing Protection Letter–Single Transaction 2018 v. 02.00 (04-02-2021) Illinois - Adopted 04-02-2021 CLOSING PROTECTION LETTER SINGLE TRANSACTION issued by FIRST AMERICAN TITLE INSURANCE COMPANY Neighborhood Loans, Inc. It's Successors and/or Assigns, ATIMA 1333 Butterfield Road Suite 600 Downers Grove, IL 60515 Phone: Fax: Date: 1/6/2026 Name of Issuing Agent or Approved Attorney ("title insurance agent"): BLM Title Services, LLC dba Lakeland Title Services 1300 Iroquois Avenue, Suite 100 Nape

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Closing Protection Letter–Single Transaction
2018 v. 02.00 (04-02-2021)
Illinois - Adopted 04-02-2021

CLOSING PROTECTION LETTER
SINGLE TRANSACTION
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
Neighborhood Loans, Inc. It's Successors and/or Assigns, ATIMA
1333 Butterfield Road Suite 600
Downers Grove, IL 60515
Phone:
Fax:
Date: 1/6/2026
Name of Issuing Agent or Approved Attorney ("title insurance agent"):

BLM Title Services, LLC dba Lakeland Title Services
1300 Iroquois Avenue, Suite 100
Naperville, IL 60563
Transaction File Number (hereafter, “the Real Estate Transaction”): LTS-1036449-JC
Borrower:
Property Address:
Loan Number:
Re:

Teresa Sanchez
9919 S OGLESBY AVENUE, CHICAGO, IL 60617
2512009653

Lender Closing Protection Letter

Dear Customer
In consideration of Your acceptance of this letter, First American Title Insurance Company (the “Company”), agrees
to indemnify You for actual loss of Funds incurred by You in connection with the closing of the Real Estate
Transaction conducted by the Company or the Issuing Agent on or after the Date of this letter, subject to the
Requirements and Conditions and Exclusions set forth below:
REQUIREMENTS
1.

The Company issues or is contractually obligated or is statutorily obligated to issue a Policy as part of the
same Real Estate Transaction;

2.

You are to be a:
a.
lender secured by the Insured Mortgage on the Title to the Land; or
b.
purchaser or lessee of the Title to the Land; or
c.
seller of the Title to the Land; or
d.
borrower on the Insured Mortgage on the Title to the Land

3.

The aggregate of all Funds You transmit to the Company or Issuing Agent for the Real Estate Transaction is
a.
residential real property; or
b.
is nonresidential and is less than $5,000,000.00, and

4.

Your loss is solely caused by:

Copyright 2021 American Land Title Association. All rights reserved.
Reprinted under license from the American Land Title Association.
This form has not been approved as an ALTA standard Form.
Validation Code:

09f13e56-c43c-4e

Online Validation:

https://agentnet.firstam.com/verification/

Agency Support Center – 1 First American Way, Santa Ana, CA 92707, 1.866.701.3361
Form 5020121217 (7-17-25)

Page 1 of 5

Closing Protection Letter–Single Transaction
2018 v. 02.00 (04-02-2021)
Illinois - Adopted 04-02-2021

a.

b.

a failure of the Company or Issuing Agent to comply with Your written closing instructions that relate to:
i.
(a). the disbursement of Funds necessary to establish the status of the Title to the Land; or
(b). the validity, enforceability, or priority of the lien of the Insured Mortgage; or
ii.
obtaining any document, specifically required by You, but only to the extent that the failure to
obtain the document adversely affects the status of the Title to the Land or the validity,
enforceability, or priority of the lien of the Insured Mortgage on the Title to the Land; or
fraud, theft dishonesty, negligence, or misappropriation by the Company or Issuing Agent in handling
Your Funds or documents in connection with the closing, but only to the extent that the fraud, theft,
dishonesty, negligence, or misappropriation adversely affects the status of the Title to the Land or the
validity, enforceability, or priority of the lien of the Insured Mortgage on the Title to the Land.
CONDITIONS AND EXCLUSIONS

1.

Your transmittal of Funds or documents to the Company or Issuing Agent for the Real Estate Transaction
constitutes Your acceptance of this letter.

2.

For purposes of this letter:
a.
“Commitment” means the Company’s written contractual agreement to issue the Policy.
b.
“Funds” means the money received by the Company or Issuing Agent for the Real Estate Transaction.
c.
“Policy” means the contract or contracts of title insurance, each in a form adopted by the American
Land Title Association, issued or to be issued by the Company in connection with the closing of the
Real Estate Transaction.
d.
“You” or “Your” means:
i.
the Addressee of this letter;
ii.
if the Land is improved as
(a). residential real property; or
(b). is nonresidential and less than $5,000.000.00; and
iii.
subject to all rights and defenses relating to a claim under this letter that the Company would
have against the Addressee,
(a). the assignee of the Insured Mortgage, provided such assignment was for value and the
assignee was, at the time of the assignment, without Knowledge of facts that reveal a claim
under this letter; and
(b). the warehouse lender in connection with the Insured Mortgage.
e.
“Indebtedness,” “Insured Mortgage,” “Knowledge” or “Known,” “Land,” and “Title” have the same
meaning given them in the American Land Title Association Loan Policy.

3.

The Company is not liable under this letter for any loss arising from any:
a.
failure of the Company or Issuing Agent to comply with Your closing instructions that require title
insurance protection in connection with the Real Estate Transaction inconsistent with that set forth in
the Commitment. Your written closing instructions received and accepted by the Company or Issuing
Agent after issuing the Commitment that require the removal, where allowed by state law, rule, or
regulation, of specific Schedule B Exceptions from Coverage or compliance with the requirements
contained in the Commitment will not be deemed to require inconsistent title insurance protection;
b.
loss or impairment of Funds in the course of collection or while on deposit with a bank due to bank
failure, insolvency, or suspension, except loss or impairment resulting from failure of the Company or
Issuing Agent to comply with Your written closing instructions to deposit Your Funds in a bank that You
designated by name;

Copyright 2021 American Land Title Association. All rights reserved.
Reprinted under license from the American Land Title Association.
This form has not been approved as an ALTA standard Form.
Validation Code:

09f13e56-c43c-4e

Online Validation:

https://agentnet.firstam.com/verification/

Agency Support Center – 1 First American Way, Santa Ana, CA 92707, 1.866.701.3361
Form 5020121217 (7-17-25)

Page 2 of 5