STG Release 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.
Attached To and Made a Part of
Policy No. __________
STEWART TITLE GUARANTY COMPANY
The Company insures the Insured against loss or damage the Insured shall sustain by reason of the loss of priority of the insured mortgage as security for the obligations of the _____________________________ under that certain Credit Agreement dated as of __________________________ among the __________________________________ , as Agent for the ratable benefit of itself, ____________________________________ , acting through its and the other Banks party thereto (the "Credit Agreement") as a result of the addition or withdrawal of Projects (as such term is defined in the Credit Agreement) to or from the Collateral (as such term is defined in the Credit Agreement) and the encumbrance of Projects or the reconveyance of Projects (other than the land encumbered by the insured mortgage) from the lien of a Deed or deeds of trust in favor of the insured pursuant to the terms of the Credit Agreement in connection therewith.
THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL
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