OTIRO Endorsement No. 85(L) - Loan Modification of Arbitration Provision of 1992 or 2006 ALTA Loan Policy (9-4-23)

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OTIRO Endorsement No. 85(L) - Loan Modification of Arbitration Provision of 1992 or 2006 ALTA Loan Policy (9-4-23)

Form Document
11/20/2023
V 4

OTIRO 85(L) MODIFICATION OF ARBITRATION PROVISION OF 1992 OR 2006 ALTA LOAN POLICY   

ATTACHED TO POLICY NUMBER ______________

 

ISSUED BY

STEWART TITLE GUARANTY COMPANY

Order Number: ______________

Date: ______________

Premium: ______________

The arbitration provisions contained in Paragraph 13 in the Conditions of the policy are hereby modified as follows:

                                    Said Paragraph 13 (“Arbitration”) is eliminated.

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.

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