ENDORSEMENT
Attached to Policy No._____________
Issued by
STEWART TITLE GUARANTY COMPANY
The Company hereby insures the owner of the indebtedness secured by the mortgage referred to in paragraph of Part II of Schedule B, against loss or damage which the insured shall sustain by reason of:
1. The failure of that certain agreement executed by and recorded to modify the insured mortgage or the obligation secured thereby;
2. The priority of any lien or encumbrance shown by the public records over the lien of the insured mortgage as modified by the above mentioned agreement, except for those matters shown in Schedule B as prior to the insured mortgage, and the following matters:
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 transaction creating the Modification by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws that is based on:
1. the Modification being deemed a fraudulent conveyance or fraudulent transfer; or
2. the Modification being deemed a preferential transfer except where the preferential transfer results from the failure
a. to timely record the instrument of transfer; or
b. of such recordation to impart notice to a purchaser for value or to a judgment or lien creditor.
This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.
STEWART TITLE GUARANTY COMPANY
By:
Dated:
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