STEWART TITLE GUARANTY COMPANY

ENDORSEMENT

Attached to and made a part of Policy Number                                       File Number

            The Company insures the Insured against loss or damage sustained by reason of:

            1.         Present violations of any restrictive covenants referred to in Schedule B which restrict the use of the land, except violations relating to environmental protection unless a notice of a violation thereof has been recorded or filed in the Public Records and is not excepted in Schedule B.  The restrictive covenants do not contain any provisions which will cause a forfeiture or reversion of title.

            2.         Any charges or assessments in favor of any association of homeowners which are provided for in any document referred to in Schedule B due and unpaid at Date of Policy.

            3.         The enforced removal of any existing structure on the land (other than a boundary wall or fence) because it encroaches onto adjoining land or onto any easements.

            4.         The failure of title by reason of a right of first refusal to purchase the land which was exercised or could have been exercised at Date of Policy.

            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.

IN WITNESS WHEREOF,the Company has caused this endorsement to be issued and become valid when signed by an authorized officer or licensed agent of the Company.                                                      

STEWART TITLE GUARANTY COMPANY

By:                                                                  

Authorized Officer or Licensed Agent