NM Form 55 Named Insured Endorsement

Named Insured Endorsement

Attached to Policy No. ___________

Issued By

STEWART TITLE GUARANTY COMPANY

Order No. __________________

Paragraph 1(a) of the Conditions and Stipulations is deleted and the following paragraph is substituted in its place:

"insured": the insured named in Schedule A, and, subject to any rights or defenses the Company would have had against the named insured, those who succeed to the interest of the named insured by operation of law as distinguished from purchase including, but not limited to, heirs, distributees, devisees, survivors, personal representatives, next of kin, or corporate, partnership or fiduciary successors, and specifically, without limitation, the following:

(i.)the successors in interest to a corporation, limited liability company or limited liability partnership named as an insured in Schedule A resulting from merger, consolidation, conversion or distribution of the assets of the corporation, limited liability company. or limited liability partnership upon partial or complete liquidation;

(ii.)the successors in interest to a general or limited partnership, limited liability company, or limited liability partnership named as an insured in Schedule A which dissolves but does not terminate;

(iii.)the successors in interest to a general or limited partnership named as an insured in Schedule A resulting from the distribution of the assets of the general or limited partnership upon partial or complete liquidation;

(iv.)the successors in interest to a joint venture named as an insured in Schedule A resulting from the distribution of the assets of the joint venture upon partial or complete liquidation;

(v.)the trustee or successor trustee of a written trust instrument established by the insured named in Schedule A for estate planning purposes to whom the title is transferred after the policy date;

(vi.)the successor or substitute trustee of a trustee named in a written trust instrument established by the insured named in Schedule A for estate planning purposes; or

(vii.)the successor in interest to a trustee or trust resulting from the distribution of all or part of the assets of the trust established by the insured named in Schedule A for estate planning purposes.

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.

IN WITNESS WHEREOF, the Company has caused its corporate name and seal to be hereunto affixed by its duly authorized officers.

Dated: ________

STEWART TITLE GUARANTY COMPANY

BY: ______________________, Chairman of the Board _________________, President

Countersigned By: ____________________________, Validating Signatory

____________________________, Company

____________________________, City, State

 

For issuing guidelines on this form, see Guidelines