STG Coinsurance (with Insured) Endorsement 3

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.

COINSURANCE ENDORSEMENT

(with insured)

Attached to Policy No. __________

Issued by

STEWART TITLE GUARANTY COMPANY

The Company acknowledges and agrees that only for the purpose of the Company applying Paragraph 7(b)(i) of the Conditions and Stipulations of the Policy (coinsurance - no subsequent improvement), the Insured has purchased a sufficient amount of insurance evidenced by the Policy so that coinsurance under Paragraph 7(b)(i) does not apply.

This Endorsement is neither to be construed as insuring the value of the land nor insuring that the amount of insurance in Schedule A is equal to 80 percent or more of the value of the Insured estate or interest or the full consideration paid for the land, whichever is less.

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]