THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL
STG Fairway Endorsement 2
ATTACHED TO POLICY NUMBER _______________
STEWART TITLE GUARANTY COMPANY
HEREIN CALLED THE COMPANY
The “Insured” as defined in Section 1 of the Conditions and Stipulations shall include, subject to any rights or defenses the company may have as against a predecessor insured, the following:
(i) any successor partnership which results from the dissolution of the insured without the winding up and liquidation of the business of such partnership and in which any one or more of the general partners of the dissolving partnership are general partners in the successor partnership, provided that the changes in the membership of the partnership are not prohibited under the terms of the partnership agreement and further provided that such changes are made in accordance with the terms and provisions of the partnership agreement; and
(ii) any partner that acquires all of the partnership interests of the other partners of the insured partnership in accordance with the terms and provisions of the partnership agreement.
This Endorsement is made a part of the Policy or Commitment and is subject to all the terms and provisions thereof and of any prior endorsements thereto. Except to the extent expressly stated, it neither modifies any of the terms and provisions of the Policy or Commitment and prior endorsements, if any, nor does it extend the Effective Date of the Policy or Commitment and prior endorsements or increase the face amount thereof.
For issuing guidelines on this form, see Guidelines.