OTIRO Endorsement No. 88 LCLP or PIRT Credit Line/Variable Rate End.

ENDORSEMENT

ATTACHED TO POLICY NO.

ISSUED BY

STEWART TITLE GUARANTY COMPANY

Date :
Premium :

Provided That:

a. There is only a one-to-four family residential structure or residential condominium unit with common elements appurtenant thereto, including improvements related to residential use on the Land;

b. The Deed of Trust (being the "Lender's Mortgage" referred to in paragraph 3 of the face page of said policy) recorded as shown on the date-down endorsement (OTIRO Endorsement 77) attached to said policy, between the lender and the owner named in Exhibit I, creates a lien on the Land; and

c. The owner named in Exhibit I is the owner of the Land at the date an advance of money is made pursuant to the note or agreement secured by the Mortgage.

The Company insures the lender against loss or damage sustained by reason of any incorrectness in the following assurances:

A. That future advances shall have the same priority over liens, encumbrances and other matters disclosed by the Public Records as do advances secured by the Mortgage at the date of its recording, except for the following matters:

(1) Real estate taxes or assessments.

(2) Federal tax liens.

(3) Liens, encumbrances, or other matters, the existence of which are actually known to the lender prior to the date of an advance, if the advance is made subsequent to the occurrence of an event of default under the terms of the Mortgage and prior to a cure of such default.

(4) Environmental protection liens.

B. The provisions of the Mortgage which provide for changes in the rate of interest will not render the lien of the Mortgage invalid or unenforceable.

C. Changes in the rate of interest calculated in accordance with the formula provided in the Mortgage at date of recording will not cause a loss of priority in the lien of the Mortgage.

The Company further assures the lender that advances secured by the Mortgage shall be included within the coverage of the policy, not to exceed the Amount Of Insurance thereof.

This endorsement does not insure:

(a) That the owner owns the Land, nor that the Mortgage creates a lien on the Land, nor the validity, enforceability, or priority of any such lien, except to the extent expressly stated; nor

(b) Against loss or damage based upon

(i) usury,
(ii) any consumer credit protection or truth in lending law, or
(iii) bankruptcy or insolvency proceedings of the borrower.

Order Reference:

STEWART TITLE GUARANTY COMPANY

BY: _______________________________
Authorized Signer