CLTA Form JR2

ENDORSEMENT

Attached to Policy No.

Issued By

STEWART TITLE GUARANTY COMPANY


I. Provided that:

A. The land is a one-to-four family residence or condominium unit; and

B. The insured's mortgage creates a lien on the land; and

C. The borrower named in the insured's mortgage, ("Borrower") is the owner of the land at the date an advance is made pursuant to the note or agreement secured by the insured's mortgage referred to above; and

D. With respect to paragraph A below the insured's mortgage states that it secures repayment of future advances; and

E. The ALTA Endorsement Form JR1 has been issued,

II. The Company hereby insures against loss or damage which the insured shall sustain by reason of:

A. The failure of the lien for future advances secured by the insured's mortgage to have the same priority over liens, encumbrances, and other matters disclosed by the public records as advances secured by the insured's mortgage at the date of its recording, except for the following matters:

(1) Ad Valorem taxes or assessments;

(2) Federal tax liens;

(3) Environmental protection liens;

(4) Liens, encumbrances, or other matters, the existence of which are actually known to the insured prior to the date of an advance;

(5) Liens imposed by law for services, labor or materials.

B. The invalidity or unenforceability of the lien of the insured's mortgage resulting from the provisions of the insured's mortgage which provide for changes in the rate of interest.

C. Loss of priority of the lien of the insured's mortgage resulting from changes in the rate of interest calculated in accordance with the formula provided in the insured's mortgage at the date it is recorded in the public records.

III. This Endorsement does not insure:

A. That the Borrower owns the land nor that the insured's mortgage creates a lien on the land, nor the validity, enforceability, or priority of the lien of the insured's mortgage, except to the extent expressly stated; nor

B. Against loss or damage resulting from (1) usury, (2) any consumer credit protection or truth in lending law, or (3) bankruptcy or insolvency proceedings of the Borrower.

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.


STEWART TITLE GUARANTY COMPANY

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