STG Easement Endorsement 1

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STG Easement Endorsement 1

Form Document
06/10/2008
V 1

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.

EASEMENT ENDORSEMENT

Attached To And Forming a Part of
Policy No. __________
Issued By

STEWART TITLE GUARANTY COMPANY

   The Company insures against:

 

 

  1. Loss or damage to the insured as a result of any locatable easement or other right of air space, ingress, egress, utilities, parking and/or other purposes described in any instrument listed on Schedule A of the Policy:

 

 (a) not being located substantially within the areas as shown on the survey prepared by __________________ , dated __________________ , as revised; or

 

 (b) not being binding upon the burdened estate and each successive owner thereof; or

 

 (c) not being enforceable by the mortgagee under the insured mortgage and each successor owner of the estate or interest described in Schedule A; or

 

 (d) not being prior to any lien or encumbrance which may come into existence after the date of this Policy on the servient estate encumbered thereby.

THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL

   2. Loss or damage to the insured as a result of any locatable easement or other right of air space, ingress, egress, utilities, parking and/or other purposes described under Schedule B of the Policy prohibiting [or impeding] access to or from the insured premises and the adjoining public streets.

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.

[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.