NJRB 5-32 – NJ Secondary Mortgage Market Endorsement

STEWART TITLE GUARANTY COMPANY

                                                   Attached to and forming a part of

                                                   Loan Policy No. ______________

The insurance afforded by this endorsement is only effective if the Land is a one to four family residence.

This policy insures against loss occasioned by any inaccuracies in the following statements:

1. Easements set forth in Schedule B, Part I, if any, do not substantially affect the use and enjoyment of the land, as currently improved, for residential purposes.

2. Restrictions, covenants and conditions set forth in Schedule B, Part I, if any, have not been violated, and a violation thereof will not cause a forfeiture or reversion of title.

3. Real Estate taxes, assessments, and water and sewer rents set forth in Schedule B, Part I, if any, are not yet due and payable.

[Additional items of affirmative insurance, which may be appropriate and are, in substance insured by ALTA form 9 Endorsement, may be added here.]

The title liability of the Company under said policy or certificate and under this and any prior endorsements thereto shall not exceed, in the aggregate, the amount of liability stated on the face of said policy or certificate, as the same may be specifically amended in dollar amount by this or any prior endorsements, and the costs which the Company is obligated to pay under the Conditions and Stipulations of the policy.

This endorsement is made a part of said policy or certificate and is subject to the Schedules, Conditions and Stipulations therein, except as modified by the provisions hereof.

Nothing herein contained shall be construed as extending or changing the effective date of the aforesaid policy or certificate unless otherwise expressly stated.

STEWART TITLE GUARANTY COMPANY

By: ____________________________________
Authorized Signatory