STG Future Insurance Endorsement 3

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.


Attached To and Made a Part of
Policy No. __________
Issued By


The Company agrees that if, within 5 years after the date of this policy, application is made to increase the face amount of the policy or to issue a new policy, the Company will issue additional title insurance policies, or increase the face amount of this policy insuring such title or interest as may then exist in the insured or the insured’s designee, provided: (1) such increased amount represents the then value of the land and improvements, or, in the event of the issuance of a new policy, the amount of such policy is in the amount of the purchase price, the value of the leasehold, or the amount of the loan, whichever is applicable; (2) reinsurance in an amount satisfactory to the Company is available at regular rates; (3) at the time of such increase in amount, or at the time an application is made for such new policy, and after a continuation of the title examination to such date, neither the insured nor the Company has knowledge of any defects in or liens or encumbrances upon the title as herein insured which are not herein excepted; (4) that the Company shall not have notice of a claim of loss under this Policy, which shall not have been settled between the Company and the insured; (5) the insured pays the Company’s premium applicable to such increase, or such new policy; and (6) the Company is not prohibited from issuing such increase in amount or such new policy by legislation or regulation.
If the date of this policy is required to be extended beyond its present date, or a new policy is issued, exception will be made to any defects, liens, encumbrances, adverse claims or other matters, if any, created and first appearing in the public records or attaching subsequent to the date hereof.

The foregoing provisions with respect to the availability of reinsurance and premium do not apply to the issuance of the policy of title insurance with respect to a construction as previously agreed to by the Company.

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 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.

[Witness clause optional]

For issuing guidelines on this form, see Guidelines