MI Fairway, Limited Liability Company Endorsement 1

ENDORSEMENT ATTACHED TO AND MADE A PART

OF THE POLICY OF TITLE INSURANCE

SERIAL NUMBER______________

ISSUED BY

STEWART TITLE GUARANTY COMPANY

HEREIN CALLED THE COMPANY

File Number: ______________

The status of the Insured under the policy will not be affected because of the occurrence of either or both of the following events:

1. Future transfers of membership interests in said limited liability company.
   
   
2. Addition, deletion or substitution of members in said limited liability company.

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.

Signed under seal for the Company, but this Endorsement is to be valid only when it bears an authorized countersignature.

Countersigned

________________________________
Authorized Countersignature