T-16 TX Mortgagee Policy Aggregation Endorsement

FORM T-16                                                        Effective January 3, 2014
LOAN POLICY AGGREGATION ENDORSEMENT

LOAN POLICY AGGREGATION ENDORSEMENT FORM T-16
ATTACHED TO POLICY NO:  __________________
Issued By
STEWART TITLE GUARANTY COMPANY

The following policies are issued in conjunction with one another:

Policy Number:                Country:                        State:                            Amount:
______________            ______________            ______________            ______________
______________            ______________            ______________            ______________
______________            ______________            ______________            ______________
______________            ______________            ______________            ______________

Notwithstanding the provisions of Section 8(a)(i) of the Conditions of this policy, the Amount of Insurance available to cover the Company's liability for loss or damage under this policy at the time of payment of loss hereunder shall be the aggregate of the Amount of Insurance under this policy and the other policies identified above. At no time shall the Amount of Insurance under this policy and the other policies identified above exceed in the aggregate $_______________. Subject to the provisions of Section 10(a) of the Conditions of the policies, all payments made by the Company under this policy or any of the other policies identified above, except the payments made for costs, attorney's fees and expenses, shall reduce the aggregate Amount of Insurance by the amount of the payment.

[At no time shall the Amount of Insurance under this policy when aggregated with the other policies above exceed, in Texas, the amount shown as follows: $_____________.]

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.

 

For issuing guidelines on this form, see Guidelines