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T-3 - VII. TX Date Down Interim Construction Loan Endorsement

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T-3 - VII. TX Date Down Interim Construction Loan Endorsement

Form T-3

__________ TITLE INSURANCE COMPANY NO. __________

 

Attached to and made a part of __________ Title Insurance Company Policy or Interim Construction Binder Number _____, this _____ day of __________, 20_____.

A.    Said Binder is hereby amended so that the date and time set forth in the first paragraph thereof shall be the ______day of _________, ___, at _________ o'clock ___.M., subject to:

1.      The exceptions shown in Schedule B of said Binder and in any prior Endorsement to said Binder,

2.      Matters which would be shown by a correct survey and inspection of the premises subsequent to the date of said Binder,

3.      The following additions to Schedule B-Part 1 of said Binder: (Specify or delete this paragraph and include as exceptions only those additional matters which the Company has determined are superior to the lien described in Schedule A of said Binder.),

4.      The following additions to Schedule B-Part 2 of said Binder (which affect the title to the estate or interests in the land described or referred to in Schedule A of said Binder, but Company agrees to insure the insured against loss, if any, sustained by the insured under the terms of the Policy to be issued if such matters are not subordinate to the lien described in Schedule A of said Binder): (Specify or delete this paragraph.).

"Notwithstanding the limitation in paragraph 4 of Schedule B-Part 1 of said Binder, the Company insures that no such liens have been filed with the County Clerk of the county in which such property is located prior to the date of this Endorsement except those liens set forth in Schedule B of said Binder or in any prior Endorsement to said Binder, and except: (Specify or insert "None" if applicable.)"

 

Nothing herein contained shall be construed as extending or changing the effective date of the aforesaid policy or interim construction binder, unless otherwise expressly stated.

IN WITNESS HEREOF, the __________ TITLE INSURANCE COMPANY has caused this Endorsement to be executed by its President under the seal of the Company, but this Endorsement is to be valid only when it bears an authorized countersignature.

 

Attest:                           ______________ TITLE INSURANCE COMPANY
                                                                                                       
                                                                                       ____________________
By ____________________________ Secretary                  President

 

(SEAL)

 

Countersigned at ___________, Texas.                   _____________________

(Use Optional)                                                Authorized Signature (Location discretionary)

 

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