STG Last Dollar Endorsement 1


ENDORSEMENT TO TITLE POLICY
SERIAL NUMBER
ISSUED BY

STEWART TITLE GUARANTY COMPANY
HEREIN CALLED THE COMPANY

 The liability of the Company under this policy will not be reduced under Paragraph 9(b) of the Conditions and Stipulations as the result of payment on the indebtedness secured by the insured mortgage, except to the extent such payments reduce the total indebtedness secured by the insured mortgage below the Amount of Insurance stated in Schedule A.

 The total liability of the Company under said Policy and any endorsements therein shall not exceed, in the aggregate, the face amount of said Policy and costs which the Company is obligated under the conditions and stipulations thereof to pay.

 This endorsement is made a part of said Policy and is subject to the schedules, conditions and stipulations therein, except as modified by the provisions thereof.

 This endorsement is not to be construed as insuring the title as of any later date than the date of said policy, except as herein expressly provided as to the subject matter hereof.

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 the terms and provision thereof and of any prior endorsement thereto. Except to the extent expressly stated, this Endorsement neither modifies any of the terms and provisions of the policy and prior endorsements, nor does it increase the face amount thereof.

Signed under seal for the Company, but this Endorsement is to be valid only when it bears an authorized countersignature, this the ____ day of ____________ 20 _____ .



For issuing guidelines on this form, see Guidelines