AZ Assignment Endorsement 1
Attached to Policy No.
STEWART TITLE GUARANTY COMPANY
1. The Insured under said policy shall include and the benefits thereof shall inure to:
2. The Company hereby assures:
(a) That by a valid assignment or assignments the mortgage described in paragraph _____ of Schedule _____ has been assigned to said insured.
(b) That no release or reconveyance, either full or partial, of said mortgage, nor any modification thereof appears of record.
(c) That there are no existing tax or assessment liens against the interest in the land shown in Schedule A, other than those shown in said policy, except:
(d) That there are no matters affecting the validity or priority of the lien of said mortgage, other than those shown in said policy except:
The Company hereby insures said Insured against loss which said Insured shall sustain in the event the assurances herein shall prove to be incorrect.
Impairment, loss or failure of title to the beneficial interest transferred to the Insured is expressly excluded from the coverage hereof if resulting from:
(a) lack of possession of the original promissory note secured by the insured mortgage, or
(b) the absence from the original promissory note of a proper endorsement to the insured assignee.
The total liability of the Company under said policy and any endorsements therein shall not exceed, in the aggregate, the face amount of this policy and costs which the Company is obligated under the Conditions and Stipulations thereof to pay.
This endorsement is made a part of said policy and is subject to the Exclusions from Coverage, Schedules, Conditions and Stipulations therein, except as modified by the provisions hereof.
This endorsement is not to be construed as insuring the title to said estate or interest as of any later date than the date of said policy, except as herein expressly provided as to the subject matter hereof.
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