NJRB 5-161 ALTA Endorsement 43-06 Anti-Taint

ENDORSEMENT

Attached to Policy No. __________

Issued by

STEWART TITLE GUARANTY COMPANY

1.     The insurance provided by this endorsement is subject to the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions in the policy.

2.     For the purposes of this endorsement only:

a.   “Loan Agreement” means [a document governing the terms of the loan or loans secured by the Insured Mortgage at Date of Policy] [the __________ Agreement dated ____________, by and between the Insured and _________________________].

b.   “Revolving Credit Loan” means the portion of the Indebtedness that is a revolving credit facility as more particularly defined in the Loan Agreement.

c.   “Term Loan” means the portion of the Indebtedness that is a term loan facility as more particularly defined in the Loan Agreement. 

3.     The Company insures against loss or damage sustained by the Insured by reason of the loss of priority of the lien of the Insured Mortgage, as security for the amount of the Indebtedness advanced as the Term Loan, resulting from reductions and subsequent increases of the outstanding principal amount of the Indebtedness payable as the Revolving Credit Loan.

 [Witness clause optional]

STEWART TITLE GUARANTY COMPANY

By: _______________________________________