STG Last Dollar Endorsement 3

LAST DOLLAR ENDORSEMENT

Attached To and Made a Part of

Policy No. __________

Issued By

STEWART TITLE GUARANTY COMPANY

The lien described under Schedule A hereof also covers property not insured herein. Payments on the note shall reduce the Company's liability by the same ratio that the property herein bears to the whole amount of the note.

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

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.

[Witness clause optional]


For issuing guidelines on this form, see Guidelines