OTIRO Endorsement No. 210-06 Assignment Endorsement

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  • Oregon
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OTIRO Endorsement No. 210-06 Assignment Endorsement

Form Document
04/06/2011
V 2

ENDORSEMENT

ATTACHED TO POLICY NO.

ISSUED BY

STEWART TITLE GUARANTY COMPANY

Date :
Premium :

1. The name of the Insured at Date of Endorsement and referred to in this endorsement as the "Assignee" is amended to read: _______________.

2. The Company insures against loss or damage sustained by the Assignee by reason of:

a. The failure of the following assignment to vest title to the Insured Mortgage in the Assignee: _____________________________________;

b. Any modification, partial or full reconveyance, release, or discharge of the lien of the Insured Mortgage recorded on or prior to Date of Endorsement in the Public Records other than those shown in the policy or a prior endorsement, except:________________________;

This endorsement does not insure against loss or damage, and the Company will not pay costs, attorneys' fees, or expenses, by reason of any claim that arises out of the transaction creating the assignment by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws that is based on:

1. the assignment being deemed a fraudulent conveyance or fraudulent transfer; or

2. the assignment being deemed a preferential transfer.

This endorsement shall be effective provided that, at Date of Endorsement, (1) the note or notes secured by the lien of the Insured Mortgage have been properly endorsed and delivered to the Assignee, or (2) if the note or notes are transferable records, the Assignee has "control" of the single authoritative copy of each "transferable record" as these terms are defined by applicable electronic transactions laws.

Date of Endorsement:_______________________

Order Reference:


STEWART TITLE GUARANTY COMPANY

BY: _______________________________
Authorized Signer

For issuing guidelines on this form, see Guidelines.