PA 103 Endorsement-Proposed construction will violate restrictions 4/1/2007

ENDORSEMENT

ISSUED BY

STEWART TITLE GUARANTY COMPANY

 

Attached to and made a part of Policy 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 restrictions except: [ (state nature of violation)

As used in this endorsement, the words "covenants, conditions 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.

This endorsement is issued as part of the Policy.  Except as it expressly states, it does not (i) modify any of the terms and provisions of the Policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance.  To the extent a provision of the Policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls.  Otherwise, this endorsement is subject to all of the terms and provisions of the Policy and of any prior endorsements.

IN WITNESS WHEREOF, the Company has caused this endorsement to be issued and become valid when signed by an authorized officer or licensed agent of the Company.

 

Countersigned:

 

Authorized Countersignature

 

TIRBOP - PA ENDORSEMENT 103 (Restrictions - Contemplated Construction - Apparent Violation) (Rev'd 04/01/07)

OWNER'S AND/OR LOAN POLICY

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