OR ALTA Lender's Policy Revolving Type Loan Credit Line Endorsement 7.27B
ENDORSEMENT TO TITLE POLICY
STEWART TITLE GUARANTY COMPANY
HEREIN CALLED THE COMPANY
ALTA LENDERS POLICY REVOLVING TYPE
LOAN CREDIT LINE ENDORSEMENT
The Company assures the Insured that by an agreement executed by _________________
dated __________, recorded ___________, the mortgage referred to in Schedule A, or the obligation secured thereby has been modified to provide for, without limitation, a $____________ increase in the amount of the indebtedness secured by such mortgage, resulting in a total amount of indebtedness of $____________ and that said mortgage is prior to any liens or encumbrances affecting said estate or interest, other than those shown in Schedule B as prior to said mortgage, except:
The Company hereby insures said Insured against loss which said Insured shall sustain in the event that the assurances herein shall prove to be incorrect.
The Company further assures the Insured that on and after the date of this endorsement, reference to the mortgage insured by this policy in endorsements providing future insurance coverages attached to said policy shall be deemed to refer to said mortgage as modified by said agreement.
THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL.
The total liability of the Company under said policy and any endorsements therein shall not exceed, in the aggregate, the face amount of said mortgage and costs which the Company is obligated under the conditions and stipulations thereof to pay.
This Endorsement is made a part of the policy and is subject to all the terms and provisions thereof and of any prior endorsements thereto. Except to the extent expressly stated, this Endorsement neither modifies any of the terms and provisions of the policy and any prior endorsements, nor does it extend the effective date of the policy and prior endorsements, nor does it increase the face amount thereof.
Signed under seal for the Company, but this Endorsement is to be valid only when it bears an authorized countersignature, this the _____ day of ___________ 20____.
No guidelines are available for this form at this time.