OR Foundation Endorsement 7.16
ENDORSEMENT TO TITLE POLICY
STEWART TITLE GUARANTY COMPANY
HEREIN CALLED THE COMPANY
The Company assures the owner of the indebtedness secured by the mortgage referred to in paragraph ___ of Schedule ___ :
(1) That the foundations of the structure under construction on said land at this date are within the boundary lines of said land;
(2) That the location of said foundations does not violate the covenants, conditions, or restrictions referred to in Schedule B.
(3) The insured lender is also assured that the foundations do not at the date of the endorsement encroach onto any easements referred to in Schedule B.
The Company hereby insures said Assured against loss said Assured shall sustain in the event that the assurance herein 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 provisions hereof.
Nothing herein contained shall be construed as extending or changing the effective date of said policy, unless otherwise expressly stated.
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.