CO STG Form 122 Obligatory Additional Advance Endorsement – Loan Policy

STG FORM 122 OBLIGATORY ADDITIONAL ADVANCE ENDORSEMENT – LOAN POLICY

ATTACHED TO POLICY NUMBER PROFORMA

ISSUED BY

STEWART TITLE GUARANTY COMPANY

File No.:  _______________

The Company hereby insures:

1.    That, except as otherwise expressly provided herein, there are no liens, encumbrances or other matters shown by the public records, affecting said estate or interest, other than those shown in said policy, except:

2.    That, as shown by the public records, the title to said estate or interest is vested in:

Upon assurance by the Insured that said Insured has made an advance to _______________ in the sum of $_______________ is a portion of the indebtedness evidenced by the note or notes secured by said mortgage, the Company hereby insures against loss which the Insured shall sustain in the event that the assurances of the Company herein shall prove to be incorrect.

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.