NJRB 5-10 Special Construction Loan Policy Endorsement (Revised 8/7/00)

ENDORSEMENT

Attached to Policy No.

Issued by

STEWART TITLE GUARANTY COMPANY

          This policy is a term policy issued at a special rate for construction loans, and coverage hereunder will expire three years from its effective date. All claims under this policy must be made before the expiration of this three year period. This term policy will not be extended or renewed beyond said expiration date. A permanent loan policy may be obtained by paying the balance of the applicable underwriting rate on or before the expiration date.

          This endorsement is made a part of the policy or commitment and is subject to all the terms and provisions 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 endorsement or increase the face amount thereof.

STEWART TITLE GUARANTY COMPANY

                                                                                                 By: