CT Convertible Mortgage Endorsement 1

ENDORSEMENT TO TITLE POLICY

SERIAL NUMBER

ISSUED BY

STEWART TITLE GUARANTY COMPANY

CONVERTIBLE MORTGAGE ENDORSEMENT

The Company hereby insures against loss or damage by reason of:

(1) The invalidity or unenforceability of the lien of the insured mortgage resulting from the provisions therein which provide for either (i) changes in the rate of interest, or (ii) any change to a fixed rate of interest at the option of the Mortgagor;

(2) Loss of priority of the lien of the insured mortgage as security for the unpaid principal balance of the loan, together with interest as changed in accordance with the provisions of the insured mortgage, which loss or priority is caused by either (i) said changes in the rate of interest, or (ii) said change to a fixed rate of interest at the option of the Mortgagor.

" Changes in the rate of interest", as used in this endorsement, shall mean only those changes in the rate of interest calculated pursuant to the formula provided in the insured mortgage at Date of Policy.

"A change to a fixed rate of interest at the option of the Mortgagor", as used in this endorsement, shall mean only such a change which is made pursuant to the provisions for such a change as set forth in the insured mortgage at Date of Policy.

This endorsement does not insure against loss or damage based upon (a) usury, or (b) any consumer credit protection or truth-in-lending law.

This Endorsement is made a part of said policy and is subject to the schedules, conditions and stipulations therein, except as modified by the provisions hereof.

Nothing herein contained shall be construed as extending or changing the effective date of said policy, unless otherwise expressly stated.

Signed under seal for the Company, but this Endorsement is to be valid only when it bears an authorized countersignature.