STG Recharacterization Endorsement 2

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STG Recharacterization Endorsement 2

Form Document
03/03/2010
V 1


RECHARACTERIZATION ENDORSEMENT

Attached To and Made a Part of
Policy No. __________
Issued By

STEWART TITLE GUARANTY COMPANY

 The Company insures the Insured against loss or damage sustained by the Insured by reason of a final non-appealable decree entered by a court of competent jurisdiction finding that the interest of the Insured in the land described in Schedule A is not that of the owner of ____________________________ (fee simple or other interest), but is instead, an equitable mortgage or lien, solely because of the following documents:

HERE DESCRIBE LEASE, DEED, AND OTHER RELEVANT DOCUMENTS

THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL

This endorsement is made a part of the policy and is subject to all of the terms and provisions thereof and of any prior endorsements thereto, except to the extent paragraph 3(a) of the Exclusions from Coverage is modified hereby. Except to the extent expressly stated, it neither modifies any of the terms and provisions of the policy and any prior endorsements, nor does it extend the effective date of the policy and any prior endorsements, nor does it increase the face amount thereof.

[Witness clause optional]

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.

Copyright 1970-2022 Stewart Title Guaranty Company. All rights reserved. The use of this form (or any derivative thereof) is restricted to Stewart Title Guaranty Company, it’s issuing agents, and affiliates in good standing as of the date of use. All other uses are prohibited.

For issuing guidelines on this form, see Guidelines.