PR STG Tie-In Endorsement 1
Attached to Policy No. __________
STEWART TITLE GUARANTY COMPANY
The Company acknowledges that the land described in Schedule A of this Policy is part of the security for an indebtedness in the amount not exceeding $(Amount of Note) to the Insured from mortgagor as recited in the lien of the insured mortgage which indebtedness is also secured by mortgages or deeds of trust which are insured concurrently by the following policies:
Policy Number County State/Commonwealth Amount
THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL
Anything to the contrary notwithstanding in Paragraph 6(a)(ii) [if 1970 Policy] or Section 7(a)(i) [if 1992 Policy] of the Conditions and Stipulations of the Policy, the amount of insurance afforded in this Policy is aggregated with the amount of insurance in all of the other policies identified in this Endorsement so the effective amount of insurance is $ ______________ .
The total liability of the Company under this and all policies identified in this Endorsement shall not exceed such amount, but its liability in this Policy for the land described in Schedule A remains limited by the provisions of Paragraphs 6(a)(i) and 6(a)(iii) [if 1970 Policy] or Section 7, Section 7(a)(ii) and 7(a)(iii) [if 1992 Policy] of the Conditions and Stipulations of this Policy. Any payment by the Company on this or any of the Policies listed in this Endorsement shall reduce pro tanto the liability of the Company under all policies and the amount so paid shall be deemed a payment under all policies.
This Endorsement is made a part of the Policy and is subject to all the terms and provisions thereof and of any prior endorsement thereto. Except to the extent expressly stated, it neither modifies any of the terms and provisions of the Policy in any prior endorsement, nor does it extend the Effective Date of the Policy or any prior endorsement, nor does it increase the face amount thereof.
[Witness clause optional]
For issuing guidelines on this form, see Guidelines