Amount of Insurance: _______________ Premium: _______________
File Number: ______________________ Loan Number: ___________
Mortgage Amount: _________________ Mortgage Date: __________
Policy Number: ___________________ Date of Policy: ___________
or date of recording of
the insured mortgage,
whichever is later.
Name of Insured: ___________________________________
Name of Borrower (s): ______________________________
The Company insures that the Property Address is: ______________________________
County and State: _____________________________
The Company insures that the following type of improvement(s) is on the land: ________
The estate or interest in the land identified in this Schedule A and which is encumbered by the insured mortgage is fee simple (or such other estate or interest as specifically identified in the insured mortgage) and is at Date of Policy vested in the borrower(s) shown in the insured mortgage and named above.
The land referred to in this policy is described as set forth in the insured mortgage.
This policy consists of one page, including the reverse side hereof, unless an addendum is attached and checked below:
____ Addendum attached ____ No addendum attached
The endorsements and affirmative coverages checked below are incorporated herein:
__ TAX PARCEL: The Company insures that the land is not taxed with any other land.
__ SUBDIVISION MAP ACT: The Company insures that the land is a lawfully created parcel in accordance with existing subdivision map acts, laws, ordinances and regulations.
__ FUTURE ADVANCES: The Company insures that future advances made in accordance with the insured mortgage will have the same priority as advances made at Date of Policy would have, except for matters actually known by the insured at the date of advance.
__ TAX DEED: The Company insures that any easement insured herein will not be extinguished by foreclosure of a real estate tax lien or assessment lien on the servient estate encumbered by the easement.
__ ZONING: The Company insures against the enforced removal of existing improvements because of existing violation of zoning laws or ordinances.
__ DOING BUSINESS: The Company insures against unenforceability of the lien of the insured mortgage because making the loan violates existing doing business laws.
__ USURY: The Company insures against a final judgment determining invalidity of the insured mortgage because of violation of existing usury laws of the state in which the land is located.
__ ALTA ENDORSEMENT 6 (Variable Rate)
__ ALTA ENDORSEMENT 6.2 (Variable Rate-Negative Amortization)
__ ALTA ENDORSEMENT 8.1 (Environmental Protection Lien, but the Company deletes any provision limiting the endorsement to land used or to be used primarily for residential purposes) referring to the following state statute(s):
__ ALTA ENDORSEMENT 9 (Restrictions, Encroachments, Minerals)
SUBJECT TO THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B BELOW, AND ANY ADDENDUM ATTACHED HERETO, STEWART TITLE GUARANTY COMPANY, A TEXAS CORPORATION, HEREIN CALLED THE "COMPANY?, HEREBY INSURES THE INSURED IN ACCORDANCE WITH A SUBJECT TO THE TERMS, EXCLUSIONS, CONDITIONS AND STIPULATIONS SET FORTH IN THE AMERICAN LAND TITLE ASSOCIATION LOAN POLICY (10-17-92), ALL OF WHICH ARE INCORPORATED HEREIN. ALL REFERENCES TO SCHEDULES A AND B SHALL REFER TO SCHEDULES A AND B OF THIS POLICY.
EXCEPTIONS FROM COVERAGE AND AFFIRMATIVE INSURANCE
Exceptions to the extent of the affirmative insurance set forth below, this policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of:
Addendum to Short Form Commercial Loan Policy
Addendum to Policy Number:
File Number: _______________________
IN ADDITION TO THE MATTERS SET FORTH ON SCHEDULE B OF THE POLICY TO WHICH THIS ADDENDUM IS ATTACHED, THIS POLICY DOES NOT INSURE AGAINST LOSS OR DAMAGE BY REASON OF THE FOLLOWING:
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.
No guidelines are available for this form at this time.