STG Secondary Mortgage Market Endorsement 1 (09/16/10)

This form should not be used if a comparable ALTA version is available. If a comparable ALTA version is available, the most current version of the ALTA form available in each state should be used, unless approved by a Stewart underwriter.


Secondary Mortgage Market Endorsement 1 

 ISSUED BY
STEWART TITLE GUARANTY COMPANY
HEREIN CALLED THE COMPANY

Attached to and made part of Policy Number: {{LoanPolNumber}}


Schedule B of the above-captioned loan policy is hereby amended as follows:

  1) The policy affirmatively insures that the easement(s) set forth in Schedule B do not adversely affect the beneficial use and enjoyment of the buildings and improvements presently located on the insured premises.

 

  2) The policy affirmatively insures that the restrictions, covenants and conditions set forth in Schedule B are presently not violated and that a future violation will not result in a forfeiture or reversion of title.


These amendments and affirmative coverage are valid only for policies insuring premises used or to be used primarily for 1 - 4 family residential purposes.


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.

Signed under seal for the Company, but this endorsement is to be valid only when it bears an authorized countersignature.

Countersigned:


_________________________________
Authorized Countersignature

{{AgentName}}
_________________________________
Company Name

{{AgentCity}}, {{AgentState}}
_________________________________
City, State

 

For issuing guidelines on this form, see Guidelines