OTIRO No. 77 Date-Down for LCLP Endorsement (9-4-23)

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OTIRO No. 77 Date-Down for LCLP Endorsement (9-4-23)

Form Document
11/17/2023
V 4

OTIRO 77 DATE-DOWN FOR LCLP ENDORSEMENT     

ATTACHED TO POLICY NUMBER ______________

 

ISSUED BY

STEWART TITLE GUARANTY COMPANY

 

Order Number: ______________

Date: ______________

Premium: ______________

 

The Company certifies that since the Date of the Policy no documents (i) effecting a change in ownership of the Mortgaged Premises, or (ii) creating monetary liens against the Mortgaged Premises, have been filed or recorded in the Public Records, except:

1.     A deed of trust or mortgage (being the “Lender’s Mortgage” referred to in paragraph ______________ of the face page of said policy), recorded ______________.

[2. ______________ List additional exceptions if necessary.]

 

The “Lender” under the policy is hereby amended to be the beneficiary or mortgagee under the above Lender’s Mortgage.

The Company hereby insures said Lender against loss of principal, interest or other sums secured by the Lender’s Mortgage which said Lender shall sustain in the event that the certification herein shall prove incorrect.

The total liability of the Company under the policy and any endorsements therein shall not exceed, in the aggregate, the face amount of the policy and costs which the Company is obligated under the Conditions thereof to pay.

The face amount of the policy is herewith amended to $ ______________.

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.

No guidelines are available for this form at this time.