OR Additional Advance Endorsement 7.2B
ENDORSEMENT TO TITLE POLICY
STEWART TITLE GUARANTY COMPANY
HEREIN CALLED THE COMPANY
ADDITIONAL ADVANCE ENDORSEMENT
Upon the representation and assurance by the Insured, that said Insured has made an additional advance to
in the sum of $ * evidenced by an amended and restated participation promissory note for that amount executed by said party, or parties, dated, and secured by the mortgage referred to in Schedule A., the Company hereby insures the Insured against loss which said Insured shall sustain by reason of:
1. Title to said estate or interest being vested at the date of this endorsement, in other than the maker or makers of the promissory note evidencing said additional advance, except as affected by the following matters: NONE
2. Priority over said mortgage, insofar as the same secures said additional advance, of any lien or encumbrance existing at the date of this endorsement which is not shown or referred to in Schedule B as prior to said mortgage nor excluded from coverage in the Conditions and Stipulations or Schedule of Exclusions from Coverage, except as affected by the following matters: NONE
3. Any reconveyance, full or partial, or modification or subordination of said mortgage shown by the public records at the date of this endorsement, except for the following instruments: NONE
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, plus the amount of said additional advance and costs which the Company is obligated under the Conditions and Stipulations thereof to pay.
This Endorsement is made a part of the policy and is subject to all the terms and provisions thereof and of any prior endorsements thereto. Except to the extent expressly stated, this Endorsement 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 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, this the _____ day of __________, 20 _____.
No guidelines are available for this form at this time.