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.
PARTNERSHIP ENDORSEMENT
Attached to and Forming a Part of
Policy of Title Insurance No. ___________
Issued by
STEWART TITLE GUARANTY COMPANY
The Company insures the insured that:
| Paragraph 1(a) shall include ( Lender ) as an insured in the event that ( Lender ) should acquire the Ownership of the Partnership Interest which has been assigned to it for Collateral Purposes. |
THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL
The total liability of the Company under said Policy, including this Endorsement, shall not exceed, in the aggregate, the face amount of said Policy and costs which the Company is obligated to pay under the Conditions and Stipulations.
Nothing herein contained shall be construed as extending or changing the Effective Date of said Policy, unless otherwise expressly stated.
This Endorsement when countersigned below by a Validating Signatory, is made a part of said Policy and is subject to the Exclusions from Coverage, Schedules, Conditions and Stipulations therein, except as modified by the provisions hereof.
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.