This form should not be used if a comparable ALTA version is available. If a comparable ALTA version is available, the most current version of the ALTA form available in each state should be used, unless approved by a Stewart underwriter.
BENEFICIAL INTEREST ENDORSEMENT
Attached to and Forming a Part of
Title Policy No. __________
Issued by
STEWART TITLE GUARANTY COMPANY
The Company hereby insures _______________________ against loss or damage which it shall sustain by reason of any inaccuracy in the following:
1. _____________________ is the collateral assignee of the beneficial interest under the trust shown in title in Schedule A hereof.
2. here are no defects, liens, or encumbrances affecting the beneficial interest of said trust which are not shown in Schedule B.
3. The assignment to __________________ dated __________________ accepted by the trustee on ______________, is valid and enforceable, subject to its terms.
THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL
NOTE No insurance is hereby given that said assignment shall not be construed to be a mortgage.
This Endorsement is made a part of the Commitment or Policy. It is subject to all the terms of the Commitment or Policy and prior endorsements. Except as expressly stated on this Endorsement, the terms, dates and amount of the Commitment or Policy and prior endorsements are not changed.
[Witness clause optional]
This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.
For issuing guidelines on this form, see Guidelines.