CLTA 124.1 (ARCHIVED) Covenants are Binding (06-03-05)

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CLTA 124.1 (ARCHIVED) Covenants are Binding (06-03-05)

Form Document
04/05/2022
V 6

ENDORSEMENT
Attached to Policy No. ___________
Issued by
STEWART TITLE GUARANTY COMPANY

The Company hereby insures the insured against loss or damage which the insured shall sustain by reason of, the failure of the covenants of the covenantor in favor of the covenantee set out in Section(s) ____________ and ___________ of the instrument recorded _____________________ to do or refrain from doing some act relating to the use, repair, maintenance or improvement of, or payment of taxes and assessments on the real property, or some part thereof, described as (description of burdened land of covenantor) to be binding upon the covenantor and each successive owner, during his ownership, of any portion of such real property, and upon each person having any interest therein derived from the covenantor or through any such successive owner thereof, except a mortgagee, or trustee or beneficiary of a deed of trust, while not in possession in such capacity.

Provided, however, that no insurance is hereby given should such covenants fail to bind a successive owner who derives title through: a) a tax deed; b) a foreclosure of a bond or assessment; c) enforcement of a federal tax lien; d) bankruptcy, as trustee or otherwise; e) a right or lien existing prior to the date of recording of the instrument containing said covenants.

This endorsement does not insure against loss or damage which the insured may sustain by reason of the non-performance of any said covenants.

STEWART TITLE GUARANTY COMPANY

By:

Dated:

For issuing guidelines on this form, see Guidelines.