AZ Foundation Endorsement 23

ENDORSEMENT

Attached to Policy No. __________

Issued By

STEWART TITLE GUARANTY COMPANY

The Company assures the owner of the indebtedness secured by the mortgage referred to in paragraph _____ of schedule _____ :

1. That the foundations of the structure under construction on said land at the date hereof are within the boundary lines of said land;

2. That the location of said foundations does not, as of the date hereof, violate the covenants, conditions or restrictions referred to in Schedule B.

3. Said foundations do not, as of the date hereof, encroach onto any of the easements referred to in Schedule B.

The Company hereby insures said Assured against loss which said Assured shall sustain in the event that the assurance herein shall prove to be incorrect.

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

This endorsement is made a part of said policy and is subject to the Exclusions from Coverage, Schedules, Conditions and Stipulations therein, except as modified by the provisions hereof.

This endorsement is not to be construed as insuring the title to said estate or interest as of any later date than the date of said policy except as herein expressly provided as to the subject matter hereof.

Dated: