This form should not be used if a comparable ALTA version is available. If a comparable ALTA version is available, the most current version of the ALTA form available in each state should be used, unless approved by a Stewart underwriter.
Attached to and Forming a Part of
_______________ Policy of Title Insurance No. ____________
STEWART TITLE GUARANTY COMPANY
The Company hereby assures ________________________ that the Company will not deny liability thereunder to said insured under paragraph 3(b) of the Exclusions from Coverage on the ground that said insured had knowledge of any matter solely by reason of notice thereof imputed to it through ___________________________ (the "Other Person") by operation of law.
Provided, however, that Company shall have no liability under this Endorsement to the Other Person and all rights of subrogation and indemnity the Company may have against the Other Person shall not be affected hereby.
In the event of loss under this Endorsement, the amount of such loss paid by the Company shall be equal to the actual loss (as determined under the Conditions and Stipulations of the Policy) less a percentage of such loss equal to the percentage of partnership interest in the Insured [then owned] owned at Date of Policy by Other Person. [Delete this paragraph if Other Person is not an investor or participant in Insured.]
THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL
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.
Nothing herein contained shall be construed as extending or changing the Effective Date of said Policy, unless otherwise expressly stated.
This Endorsement, when approved as above stated and countersigned below by a validating signatory, is made a part of said Policy and is subject to the Exclusions from Coverage (except to the extent paragraph 3(b) of the Exclusions is modified hereby; no other Exclusion being limited by this Endorsement), the Conditions and Stipulations, and the Exceptions in the Schedules.
IN WITNESS WHEREOF, the Company has caused its corporate name and seal to be hereunto affixed by its duly authorized officers.
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.