CLTA Priority of Lease (06-03-05) 119.3

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 or damage which the insured shall sustain by reason of the failure of the lease shown in paragraph__________________of Schedule B to be shown in its order or priority except with respect to the deed of trust recorded which has been subordinated to the insured mortgage.

No coverage is provided by this endorsement by reason of any claim that the lease shown in paragraph of Schedule B is either senior or equal to priority to the deed of trust shown in paragraph of Schedule B.

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

For issuing guidelines on this form, see Guidelines