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Order No. : 80125541 <br /> Form: C.L.T.A. 112 .2 <br /> (Revised 9-10-93 ) <br /> Fee: $25 . 00 <br /> Endorsement <br /> Attached to Policy No. : CNJP-1597-113140 <br /> Issued By <br /> Stewart Title Guaranty Company <br /> Paragraph 1 of the Conditions and Stipulations of this <br /> policy is hereby amended by deleting therefrom subparagraph (a) <br /> and substituting in lieu thereof the following: <br /> (a) "insured" : the party or parties named as insured in <br /> Schedule A, together with each successor in ownership <br /> of any of the bonds referred to in Schedule A of this <br /> policy (reserving, however, all rights and defenses as <br /> to any such successor that the Company would have had <br /> against any predecessor insured, unless the successor <br /> acquired the bond or bonds as a purchaser for value <br /> without knowledge of the asserted defect, lien, <br /> encumbrance, adverse claim or other matter insured <br /> against by this policy as affecting title to the estate <br /> or interest referred to in Schedule A in the land) . <br /> Paragraph 1 of the Conditions and Stipulations of this <br /> policy is further hereby amended by adding subparagraph ( j ) <br /> thereto to read as follows : <br /> ( j ) "bond" or "bonds" : the bonds referred to in Schedule A <br /> of this policy. <br /> Paragraph 6 of the Conditions and Stipulations of said <br /> policy is hereby amended by deleting the printed text thereof and <br /> substituting in lieu thereof the following: <br /> 6. Option to Pav or Otherwise Settle Claims : <br /> Termination of Liability. <br /> In case of a claim under this policy, the Company shall <br /> have the following additional options : <br /> (a) To Pay or Tender Payment of the Amount of <br /> Insurance or to Purchase the Bonds . <br /> (i) to pay or tender payment of the amount of <br /> insurance under this policy together with any <br /> costs, attorneys ' fees and expenses incurred <br /> [ 80125541] 7 <br /> Lay <br />