CLTA 108.8 (ARCHIVED) Additional Advance (09-10-10)

ENDORSEMENT
Attached to Policy No. ___________
Issued by
STEWART TITLE GUARANTY COMPANY

Upon the representation and assurance by the insured that the insured has made an additional advance to____________________________________________________________ in the sum of $_________________ , evidenced by a promissory note for that amount, executed by said party or parties, dated ________________ , and secured by the mortgage referred to in Schedule A, the Company hereby insures the insured against loss which the insured shall sustain by reason of

(1) Title to the estate or interest referred to in Schedule A being vested at the date of this endorsement, in other than the maker or makers of the promissory note evidencing said additional advance, except as affected by the following matters:

(2) Priority over said mortgage, insofar as the same secures said additional advance, of any lien or encumbrance existing at the date of this endorsement which is not shown or referred to in Schedule B as prior to the insured mortgage nor excluded from coverage in the Conditions and Stipulations or Schedule of Exclusions From Coverage, except as affected by the following matters:

(3) Any reconveyance, full or partial, or modification or subordination of the insured mortgage shown by the public records at the date of this endorsement, except for the following instruments:

The total liability of the Company under the policy and any endorsements therein shall not exceed, in the aggregate, the face amount of the policy, plus the amount of said additional advance, and costs which the Company is obligated under the Conditions and Stipulations thereof to pay.

This endorsement does not insure against loss or damage, and the Company will not pay costs, attorneys’ fees, or expenses, by reason of any claim that arises out of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws asserting:

1. a fraudulent conveyance or fraudulent transfer; or

2. a preferential transfer.

STEWART TITLE GUARANTY COMPANY

By:

Dated: