ENDORSEMENT ATTACHED TO AND MADE A PART
OF POLICY OF TITLE INSURANCE
SERIAL NUMBER __________
ISSUED BY
STEWART TITLE GUARANTY COMPANY
HEREIN CALLED THE COMPANY
Order No.:
The Company acknowledges that the land described in Schedule A of this policy is part of the security for an indebtedness in the amount of $__________, which arises under a __________________________________________, dated as of _________________________, (the "Credit Agreement"). Said indebtedness is also secured by mortgages or deeds of trust which are insured concurrently by the following policies:
POLICY NUMBER COUNTY STATE
____________________ ____________________ _______________
____________________ ____________________ _______________
____________________ ____________________ _______________
____________________ ____________________ _______________
____________________ ____________________ _______________
Anything to the contrary notwithstanding in Paragraph 6(a)(ii) of the Conditions and Stipulations of the Policy, the insurance coverage afforded in this Policy is aggregated with the insurance coverage in all of the other policies identified in this endorsement so the effective insurance coverage is ____________________. The total liability of the Company under this and all policies identified in this endorsement shall not exceed such amount, but its liability in this Policy for the land described in Schedule A remains limited by the provisions of Paragraph 6 (a)(i) and 6 (a)(iii) of the Conditions and Stipulations of this Policy. Any payment by the Company on this or any of the policies listed in this Endorsement shall reduce the aggregate liability of the Company under all policies, by the amount so paid.
This endorsement is made a part of the policy and is subject to all of the terms and provisions thereof and of any prior endorsements thereto. Except to the extent expressly stated, it neither modifies any of the terms and provisions of the policy and any prior endorsements, nor does it extend the effective date of the policy and any prior endorsements, nor does it increase the face amount thereof.
Signed under seal for the Company, this endorsement is valid only when it bears an authorized countersignature.
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.