CLTA Subordination of Lease Endorsement 120.2
Attached to Policy No.
STEWART TITLE GUARANTY COMPANY
HEREIN CALLED THE COMPANY
The Company hereby insures the insured against loss or damage which the insured shall sustain by reason of the failure of the lien or charge of the mortgage referred to in paragraph _____ of Schedule B to have been subordinated, according to the public records, to the lease referred to in Schedule A by an instrument dated _______________, and recorded ______________ in book ________, page _____, Official Records of _______________ County.
This endorsement does not insure against loss or damage sustained by reason of the failure of the subordination agreement to be executed by the owner of the indebtedness secured by such mortgage, except to the extent that such ownership has been perfected in the public records at the date hereof.
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.
For issuing guidelines on this form, see Guidelines