T-27 TX Assignment of Rents/Leases Endorsement

FORM T-27
Assignment of Rents / Leases Endorsement

Assignment of Rents/Leases Endorsement (T-27)

The Company hereby insures the insured against loss which the insured shall sustain by reason of:

(a)        any defect in the execution of the document entitled ___________ referred to in paragraph _____ of Schedule B; and

(b)        the existence, as shown by the public records, of any prior assignment of the lessor’s interest in the lease or leases specified in such document, including any assignments of rents thereunder, other than as set forth in 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.

[Witness clause optional]

STEWART TITLE GUARANTY COMPANY

By:  _____________________________

For issuing guidelines on this form, see Guidelines