NE Tie-In Endorsement 1
ATTACHED TO AND MADE A PART OF
STEWART TITLE GUARANTY COMPANY
The Company acknowledges that the land described in Schedule A of this Policy is part of the security for an indebtedness in the amount not exceeding $_______________ to the Insured from mortgagor as recited in the liens of the insured mortgage which indebtedness is also secured by mortgages or deeds of trust which are insured concurrently by the following policies:
Policy Number County State Amount
Anything to the contrary notwithstanding in Section 7(a)(1) of the Conditions and Stipulations of the Policy, the amount of insurance afforded in this Policy is aggregated with the amount of insurance in all of the other policies identified in this Endorsement to the effective amount of insurance in $____________________.
The total liability of the Company under this and all policies identified in this Endorsement shall not exceed such amount, but its liability in the Policy for the land described in Schedule A remains limited by the provisions of Section 7, Section 7(a)(ii) and 7(a)(iii) of te Conditions and Stipulations of this Policy. Any payment by the Company on this or any of the Policies listed in this Endorsement shall reduce pro tanto the liability of the Company under all policies and the amount so paid shall be deemed a payment under all policies.
This endorsement is made a part of the policy and is subject to all of the terms and provisions thereof and of any prior endorsements thereto. Except to the extent expressly stated, it neither modifies any of the terms and provisioins of the policy and any prior endorsements, nor does it extend the effective date of the policy and any prior endorsements, nor does it increase the face amount thereof.
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