ALTA Endorsement 10.1-06 (Assignment and Date Down)

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ALTA Endorsement 10.1-06 (Assignment and Date Down)

Form Document
12/21/2009
V 5

ENDORSEMENT

Attached to Policy No.

Issued by

STEWART TITLE GUARANTY COMPANY

1. The name of the Insured is amended to read:_______________.

2. The Company insures against loss or damage sustained by the Insured by reason of:

a. The failure of the following assignment to vest title to the Insured Mortgage in the Insured:_______________;

b. Any liens for taxes or assessments that are due and payable on Date of Endorsement, except:_________;

c. Lack of priority of the lien of the Insured Mortgage over defects, liens, or encumbrances other than those shown in the policy or a prior endorsement, except:________;

d. Notices of federal tax liens or notices of pending bankruptcy proceedings affecting the Title and recorded subsequent to Date of Policy in the Public Records and on or prior to Date of Endorsement, except:_____________________________;

e. Any modification, partial or full reconveyance, release or discharge of the lien of the Insured Mortgage recorded on or prior to Date of Endorsement in the Public Records other than those shown in the policy or a prior endorsement, except:___________________________.

This endorsement shall be effective provided that, at Date of Endorsement, (1) the note or notes secured by the lien of the Insured Mortgage have been properly endorsed and delivered to the Insured, or, (2) if the note or notes are transferable records, the insured has “control” of the single authoritative copy of each “transferable record” as these terms are defined by applicable electronic transaction laws .

Date of Endorsement:_______________________


[Witness clause optional]


STEWART TITLE GUARANTY COMPANY

For issuing guidelines on this form, see Guidelines.