STG Affiliation Endorsement 1
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.
The Company hereby insures against loss or damage which _____________________ (the "Named Insured") shall sustain by reason of the invalidity, unenforceability or loss of priority of the lien of the Insured mortgage as determined by a final decree of a court of competent jurisdiction solely because of the ownership affiliation at Date of Policy of the Named Insured, _________________________ and/or __________________________.
THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL
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 the Policy and is subject to all of the terms and provisions thereof and of any prior endorsements thereto, except that the insurance afforded by this Endorsement is subject to neither Section 3(d) of the Exclusions From Coverage. 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 it corporate name and seal to be hereunto affixed by its duly authorized officers.
For issuing guidelines on this form, see Guidelines