STG Collateral Assignment Endorsement 1
This form should not be used if a comparable ALTA version is available. If a comparable ALTA version is available, the most current version of the ALTA form available in each state should be used, unless approved by a Stewart underwriter.
Attached to and Forming a Part of
Policy of Title Insurance No. __________
STEWART TITLE GUARANTY COMPANY
The Company acknowledges that in the event __________________________________ , as Collateral Trustee, or any successor as Collateral Trustee, through a Uniform Commercial Code foreclosure or assignment in lieu thereof, of its collateral interest, becomes the owner of the indebtedness secured by the insured Deed to Secure Debt, that it shall be the "insured" as provided in Paragraph 1 of the Conditions and Stipulations of this Policy.
THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL
This endorsement is made a part of the policy and is subject to all of the terms and provisions thereof and of any prior endorsements thereto. Except to the extent expressly stated, it 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 any prior endorsements, nor does it increase the face amount thereof.
[Witness clause optional]
For issuing guidelines on this form, see Guidelines