STG Foreign Currency 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 Forming a Part of
Title Loan Policy No. __________
STEWART TITLE GUARANTY COMPANY
The Company hereby insures the insured against loss or damage which the insured shall sustain by reason of the entry of any final order by a court of competent jurisdiction which denies that the lien of the mortgage insured herein is valid and enforceable on the basis that the indebtedness secured by said mortgage is expressed in _______________ and not in United States Dollars.
Notwithstanding the above assurance, any judgment enforcing the lien of the mortgage insured herein shall be expressed in United States Dollars, and the amount of said judgment shall represent the value on the date of said judgment of the amount found to be due the insured by the court, notwithstanding that the indebtedness is expressed in _______________ .
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