PA Restrictions-Contemplated Construction-Apparent Violation Endorsement 103
STEWART TITLE GUARANTY COMPANY
Attached to and made a part of Policy NumberFile Number
The Company insures that the covenants, conditions and restrictions affecting title to the land contained in ________________________________________________ are unaccompanied by a right of reverter and have not been violated to the date hereof and that the presently contemplated construction on the land pursuant to and in strict accordance with _____________________________ _______________________________________________________________ will not violate said covenants, conditions and restrictin except: ______________________________________________ _________________________________________________________________________________ _________________________________________________________________________________
As used in this endorsement, the words "covenants, condtions and restrictions" shall not be deemed to refer to or include any terms, covenants, conditions or limitations contained in an instrument creating a lease.
As used in this endorsement, the words "covenants, conditions and restrictions" shall not be deemed to refer to or include any covenants, conditions or restrictions relating to environmental protection.
The Company insures against loss occasioned by the enforcement or attempted enforcement of said covenants, conditions and restrictions by litigation which results in preventing the presently contemplated construction or requiring the removal of the whole or any portion of the improvements on the land or proposed to be constructed as defined above and/or collect money damages in lieu thereof.
The total liability of the Company under said policy and any endorsement thereon 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 schedules, conditions and stipulations therein, except as modified by the provisions hereof.
Nothing herein contained shall be construed as extending or changing the effective date of said policy, unless otherwise expressly stated.
IN WITNESS WHEREOF STEWART TITLE GUARANTY COMPANY has caused its corporate name and seal to be hereunto affixed by its authorized officers on the _____ day of ____________, 20_____.
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