100.18

CLTA Right of Reversion in CC&R Endorsement (06-03-05) 100.18

CLTA Form 100.18 (06-03-05) - CC&R's, Right of Reversion

CLTA - Owner or Lender

  

ENDORSEMENT

Attached to Policy No.

Issued by

STEWART TITLE GUARANTY COMPANY

 

The Company hereby insures against loss which the insured shall sustain by reason of:

 

(a)        The exercise or attempt to exercise any provisions for a reverter, right of re-entry or any right or power of termination of the estate or interest referred to in Schedule A upon breach of the covenants, conditions and restrictions referred to in paragraph ____ of Schedule B;

 

(b)        Unmarketability of the title to the estate or interest referred to in Schedule A due to the provision for a reverter, right of re-entry, or a right or power of termination upon breach of said covenants, conditions and restrictions should the insured acquire title to the estate or interest referred to in Schedule A in satisfaction of the indebtedness secured by the insured mortgage.

 

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.

  

STEWART TITLE GUARANTY COMPANY

 

References
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