OR Standard Lender's Revolving Type Loan Credit Line Endorsement 7.27A
STANDARD COVERAGE LENDERS POLICY REVOLVING TYPE LOAN
CREDIT LINE INCREASE ENDORSEMENT
ATTACHED TO POLICY NO.
The Company assures that by an agreement executed by _______________________, dated ______________________, recorded _______________________________, the mortgage referred to in Schedule B, or the obligation secured thereby, has been modified to provide for, without limitation, a $__________ increase in the amount of indebtedness secured by such mortgage, resulting in a total amount of indebtedness of $_________, and that, as shown by the public records, said mortgage is prior to any liens or encumbrances affecting said estate or interest, other than those shown in said policy, except:
The Company hereby insures said assured against loss which said assured shall sustain in the event that the assurances herein shall prove to be incorrect.
The Company further assures the insured that on and after the date of this endorsement, references to the mortgage insured by this policy in endorsements providing future insurance coverages attached to said policy shall be deemed to refer to the mortgage as modified by said agreement.
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 the above increase of the indebtedness secured by such mortgage, 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 and terms thereof, 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 date of policy, except as herein expressly provided as to the subject matter hereof.
No guidelines are available for this form at this time.