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.
FAIRWAY ENDORSEMENT 2
Attached to and forming a part of
Owner's Policy No. __________
Issued by
STEWART TITLE GUARANTY COMPANY
The "Insured" as defined in Section 1 of the Conditions and Stipulations shall include, subject to any rights or defenses the company may have as against a predecessor insured, the following:
(i) any successor partnership which results from the dissolution of the insured without the winding up and liquidation of the business of such partnership and in which any one or more of the general partners of the dissolving partnership are general partners in the successor partnership, provided that the changes in the membership of the partnership are not prohibited under the terms of the partnership agreement and further provided that such changes are made in accordance with the terms and provisions of the partnership agreement; and
(ii) any partner that acquires all of the partnership interests of the other partners of the insured partnership in accordance with the terms and provisions of the partnership agreement.
THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL
This Endorsement is made a part of the Policy. It is subject to all the terms of the Policy and prior endorsements, except as expressly stated on this Endorsement, the terms, dates and amount of the 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.