STG Value of Leasehold Endorsement 2

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.

ENDORSEMENT

Attached To and Made a Part of
Policy No. __________
Issued By

STEWART TITLE GUARANTY COMPANY

The Company hereby assures the Insured that in the event of a loss otherwise insured against by this policy, the amount of loss shall include the loss caused to the interest, if any, of the insured in any immovable fixtures located on the land as of the policy date.

Except to the extent that any immovable fixtures located on the land are included within the term "land" as defined by the policy, no assurance is hereby given that the insured mortgage either establishes priority or creates a lien on any immovable fixtures.

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

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]