CLTA Mechanic's Lien Coverage Endorsement (06-03-05) 101.17

ENDORSEMENT

Attached to Policy No.

Issued by

STEWART TITLE GUARANTY COMPANY

The Company hereby insures the owner of the indebtedness secured by the insured mortgage against loss which the Insured shall sustain by reason of the establishment of priority over the lien of the mortgage upon the estate covered by the policy in the land hereinafter described of any statutory lien for labor or material arising out of any work of improvement completed at the date hereof on (describe specific parcels to be covered)

THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY SENIOR UNDERWRITING PERSONNEL.

The liability of the Company under this endorsement shall not exceed the sum of $________; and the total liability of the Company under the policy and any endorsements therein shall not exceed, in the aggregate, the face amount of the policy and costs which the Company is obligated under the conditions and stipulations thereof to pay.

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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