NJRB 5-177 - NJ Partial Release of Mortgaged Premises Endorsement

ENDORSEMENT

Attached to Policy No.

Issued by

STEWART TITLE GUARANTY COMPANY

The Company insures against loss or damage sustained by the Insured in the event:

1.    the Insured Mortgage does not remain a valid and enforceable lien on that portion of the Land not released in that certain Release of a Portion of Mortgaged Property dated ________________, recorded _______, 20__, in Book ____ page ___ in the land records of _______ County (the “Release”); and

2.    the priority of the lien of the Insured Mortgage, on that portion of the Land not released, is adversely affected by the Release.

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.

Dated: _________

STEWART TITLE GUARANTY COMPANY

By: _______________________________________

Authorized Signatory

No guidelines are available for this form at this time.