OR Priority of Advance Endorsement 7.20B
PRIORITY OF ADVANCE ENDORSEMENT
ATTACHED TO POLICY NO.
The Company hereby assures the insured:
1. That, except as otherwise expressly provided herein, there are no liens, encumbrances or other matters shown by the public records, affecting said estate or interest, other than those shown in said policy, except:
2. That there are no subsisting tax or assessment liens which are prior to the mortgage referred to in Schedule A, except:
3. That, as shown by the public records, the title to said estate or interest is vested in the vestee shown in Schedule A.
4. That the advance hereinafter referred to is secured by the mortgage referred to in Schedule A; that as shown in the public records, said mortgage as to such advance is prior to any liens, encumbrances and other matters affecting said estate or interest other than those shown in Schedule B as prior to said mortgage and in paragraph 2 herein, except:
Upon assurance by the insured that said insured has made an advance to _____________, for the sum of $______________________, which is a portion of the indebtedness evidenced by the note or notes secured by said mortgage, the Company herein insures against loss which the insured shall sustain in the event that the assurances 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 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 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.