OR Additional Advance Endorsement 7.2A
ADDITIONAL ADVANCE ENDORSEMENT ATTACHED TO
AND MADE A PART OF POLICY OF TITLE INSURANCE
SERIAL NUMBER _____________________ ISSUED BY
STEWART TITLE INSURANCE COMPANY OF OREGON
HEREIN CALLED THE COMPANY
The Company assures:
1. That there has been no change of record in the vesting of title to said land subsequent to the Date of Policy.
2. That there are no liens or encumbrances of record against said land other than those shown in said policy; provided, however, that this assurance does not cover taxes or assessments, no examination having been made thereof subsequent to the date of said policy.
3. That no satisfaction, full or partial, of the mortgage referred to in paragraph _________ of Schedule A, and no modification or assignment of said mortgage subsequent to the date of said policy appears of record.
Upon the representation and assurance by the Assured that said Assured has made an additional advance to the mortgagors in the sum of $_______, evidenced by a promissory note for that amount or by other sufficient written evidence of indebtedness, and secured by said mortgage, the liability of the Company under said policy is hereby increased by said sum; and the Company hereby insures against any loss of principal, interest, or other sums secured by said mortgage, which said Assured shall sustain in the event that the assurance of the Company herein shall prove to be incorrect.
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, plus the amount of said additional advance and costs which the Company is obligated under the stipulations thereof to pay. In no case shall such total liability, exclusive of costs, exceed the original amount of the mortgage plus the amount of advances provided for therein.
This endorsement is made a part of said policy and is subject to the schedules and stipulations therein, except as modified by the provisions hereof.
This endorsement is not to be construed as insuring the title to said estate or interest as of any later date than the Date of Policy, except as herein expressly provided as the subject matter hereof.
Signed under seal for the Company, but this endorsement is to be valid only when it bears an authorized countersignature.
Stewart Title Insurance Company of Oregon
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