OTIRO Endorsement No. 77 Date-Down for LCLP Endorsement

ENDORSEMENT

ATTACHED TO POLICY NO.

ISSUED BY

STEWART TITLE GUARANTY COMPANY

Date :
Premium :

The Company hereby certifies that since the Date of the Policy no documents (i) effecting a change in ownership of the Mortgaged Premises, or (ii) creating monetary liens against the Mortgaged Premises, have been entered in the Public Records, except:

1. A deed of trust or mortgage (being the "Lender's Mortgage" referred to in paragraph [FILL IN] of the face page of said policy), recorded [FILL IN].

[2. [FILL IN] List additional exceptions if necessary.]

The "Lender" under the Policy is hereby amended to be the beneficiary or mortgagee under the above Lender's Mortgage.

The Company hereby insures said Lender against loss which said Lender shall sustain in the event that the assurance herein shall prove to be incorrect.

The total liability of the Company under said policy and any endorsements therein shall not exceed, in the aggregate, the face amount of said policy and costs which the Company is obligated under the Conditions and Stipulations thereof to pay.

The face amount of the policy is herewith amended to $[FILL IN].

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.

Order Reference:

STEWART TITLE GUARANTY COMPANY

BY: _______________________________
Authorized Signer