DE Mortgage Modification - Same Subdivision Endorsement Loan Policy Only DTIRB-87 (4-1-23)

Stewart Title Guaranty Company

ENDORSEMENT

Attached to and made a part of Policy Number                                                        File Number

Schedule A of the above policy is amended as follows:

1.  Item 4 is amended to add the following as an insured document: Amendment to Mortgage, Security Agreement and Fixture Filing between ____________ and _____________ dated ________, 2021 and recorded on ______, 2021 in Book _____ Page ___ (the “Modification”).

2.  The Date of Policy as it relates to the Additional Land identified below is changed to _____, 2021. 

3.  The Amount of Insurance is changed to $__n/a___.

4.  Item 5 is amended so that the Land referred to in this policy is amended to include (“Additional Land”):

[Enter added lot descriptions]

Schedule B, Part 1 of the above policy is amended as follows:

[Enter exceptions related to Additional Land with numbering beginning after last exception number in Policy – i.e. Real Estate Taxes, equitable rights under contracts of sale, anything shown on bringdown, etc.] 

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 Modification by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws that is based on:

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

2.  the Modification being deemed a preferential transfer except where the preferential transfer results from the failure

a.  to timely record the instrument of transfer; or

b.  of such recordation to impart notice to a purchaser for value or to a judgment or lien creditor.

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.

IN WITNESS WHEREOF, the Company has caused this endorsement to be issued and become valid when signed by an authorized officer or licensed agent of the Company.

Stewart Title Guaranty Company

By:
Authorized Officer or Licensed Agent