PA 500 (ALTA 11-06 modified) Endorsement-Mortgage Modification 4/1/2007

 ENDORSEMENT

ISSUED BY

STEWART TITLE GUARANTY COMPANY

PRO FORMA

 

Attached to and made a part of Policy Number   

 

Schedule A of the above policy is amended as follows:

 

1.  Item 4 is amended to add the following as on insured document between:

 

[Identify Agreement] between  _________________________________ and ____________________________________

dated ________ and recorded on ________________ in  [Insert Recording Info]

 

2.  The Date of Policy is changed to ______________________

 

3.  The Amount of insurance is changed to _______________________

 

Schedule B of the above policy is amended as follows to add as exceptions:

 

        [Specify additional exceptions or items that may no longer apply, if any]

 

This endorsement does not insure against loss or damage, and the Company will not pay costs, attorneys' fees, or expenses, by reason of any claim that arises out of the transaction creating the Modification by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws that is based on:

1.  the Modification being deemed a fraudulent conveyance or fraudulent transfer; or

2.  the Modification being deemed a preferential transfer except where the preferential transfer results from the failure

a.       to timely record the instrument of transfer; or

b.       of such recordation to impart notice to a purchaser for value or to a judgment or lien creditor.

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.

 

DATE OF ENDORSEMENT: _________________

 

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 500 (ALTA Endorsement 11-06 as modified by TIRBOP(  (Mortgage Modification) (04/01/07)

LOAN POLICY ONLY

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