OR HUD Endorsement 7.18
ATTACHED TO POLICY NO.
The Company assures the owner of the indebtedness secured by the mortgage referred to in Schedule A and the Secretary of Housing and Urban Development, of Washington, D.C., and his successors in office, that the conveyance of said land from ______________ to _________________ by deed recorded ______________ will not impair:
1. The lien or charge of said mortgage on said land;
2. The priority of said mortgage.
The Company further assures, in the event _____________________ has, as of the date hereof, been released from liability on the indebtedness secured by said mortgage and the obligations thereunder, that such release will not impair the lien or charge of said mortgage on said land.
The Company hereby insures said assured against loss which said assured shall sustain in the event the assurances shall prove to be incorrect.
THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL.
The total liability of the Company under said policy and any endorsements therein 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.
This endorsement is not to be construed as insuring the title to said estate or interests as of any later date than the date of said policy, except as herein expressly provided as to the subject matter hereof.
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