STG Secondary Mortgage Market Endorsement 2
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.
SECONDARY MORTGAGE MARKET ENDORSEMENT
Attached To and Made a Part of
Policy No. __________
STEWART TITLE GUARANTY COMPANY
The Company insures that:
|(1) Exception(s) set forth in Schedule B, Part I, if any, do not adversely affect the use and enjoyment of the premises for residential purpose as currently improved.
|(2) Restriction(s), covenant(s) and condition(s) set forth in Schedule B, Part I, if any, have not been violated, and future violations will not result in forfeiture or reversion of title.
|(3) Taxes, water and sewer use charges, and other municipal liens, if any, are not yet due and payable.|
THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL
The total liability of the Company under said policy and under this and any prior endorsements thereto shall not exceed, in the aggregate, the amount of liability stated on the face of said policy as the same may be specifically amended in dollar amount by this or any prior endorsements, and the costs which the Company is obligated to pay under the Conditions and Stipulations of the policy.
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