MI Additional Insurance Endorsement 1
ENDORSEMENT ATTACHED TO AND MADE A PART
OF THE POLICY OF TITLE INSURANCE
STEWART TITLE GUARANTY COMPANY
HEREIN CALLED THE COMPANY
In consideration of the Insured's agreement to apply for increased coverage, the Company hereby agrees to increase the face amount of the policy to an amount not exceeding $ if such application is made within five years from the date hereof, provided, (1) such increased amount represents the then value of the land and improvements; (2) at the time of such application and after a continuation of the title examination to such date, neither the Insured nor the Company has knowledge of any defects, liens or encumbrances upon the title as herein insured, (3) the Insured pays the rated premium then required for the additional liability, and (4) reinsurance in an amount satisfactory to the Company is available at regular rates. If the date of this policy is required to be extended beyond its present date, such additional insurance will be subject to exceptions from coverage for any defects, liens, encumbrances or other adverse matters created, or which have occurred, subsequent to the date of this policy, and subject to all "standard exceptions" unless same are disposed of to the satisfaction of the Company.
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 extend 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.
Signed under seal for the Company, but this Endorsement is to be valid only when it bears an authorized countersignature.
No guidelines are available for this form at this time.