NM Form 25 Additional Advance Endorsement
Additional Advance Endorsement
Attached to Policy No. __________
STEWART TITLE GUARANTY COMPANY
The provisions of said policy are hereby modified and amended as of the date hereof as to the following matters and none other:
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: (Insert word "None" or list liens and encumbrances, showing as subordinate where appropriate).
2. That there are no subsisting tax or assessment liens which are prior to the mortgage referred to in Schedule A, other than those shown in said policy, except: (Insert word "None" or list tax or assessment items).
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 by the public records, said mortgage as to such advance is prior to any liens, encumbrances and other matters affecting the said estate or interest other than those shown in Schedule B as prior to said mortgage and in paragraph (2) herein, except: (Insert word "None" or list liens, etc.).
5. The advance referred to in this endorsement is: (Insert a description of the advance made or being made, and if appropriate, a reference to the document(s) under which the advance is made or being made).
6. The amount of insurance set out on Schedule A is amended to be $ __________.
The Company hereby insures against loss or damage which the Insured shall sustain in the event that the assurances of the Company herein shall prove to be incorrect.
This endorsement is made a part of the policy or commitment and is subject to all 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 or commitment and prior endorsements, if any, nor does it extend the effective date of the policy or commitment and prior endorsements or increase the face amount thereof.
This endorsement when countersigned below by an authorized countersignature is made a part of said policy and is subject to the Schedules, Conditions and Stipulations therein except as modified by the provisions hereof.
For issuing guidelines on this form, see Guidelines