ENDORSEMENT

____________________TITLE INSURANCE COMPANY

NO. ______________

Attached to and made a part of ________________Title Insurance Company Policy or Interim Construction Binder Number __________, this ________ day of _____________, 20____.

(See "Endorsement" Instructions for specific wording.)

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

IN WITNESS HEREOF, the ________________TITLE INSURANCE COMPANY has caused this Endorsement to be executed by its President under the seal of the Company, but this Endorsement is to be valid only when it bears an authorized countersignature.

Attached to and made a part of ________________Title Insurance Company Mortgagee Policy or Interim Construction Binder Number __________,

The words "and subsequent taxes and assessments by any taxing authority for prior years due to change in land usage or ownership" as set forth in Item 3., in Schedule B of the Mortgagee Policy or in Item 3, Schedule B-Part 1 of the Interim Construction Binder (whichever is applicable) to which this endorsement is attached are hereby deleted.

Nothing hereby contained shall be construed as extending or changing the effective date of the Mortgagee Policy or Interim Construction Binder (whichever is applicable) to which this Endorsement is attached.

IN WITNESS WHEREOF, the ________________Title Insurance Company has caused this Endorsement to be executed by its President under the seal of the Company, but this Endorsement is to be valid only when it bears an authorized countersignature.

Policy No._______________ dated the __________________day of ________________, 20____.

The first sentence of Section 1(d) of the Conditions and Stipulations of said policy is hereby amended to read as follows:

"Land": The land described specifically, or by reference, in Schedule A and improvements affixed thereto which by law constitute real property, including specifically a manufactured housing unit, bearing serial number ______________________.

This Endorsement, when countersigned below by an Authorized Countersignature is made a part of said policy and is subject to the Schedules, Conditions and Stipulations and Exclusions from Coverage therein, except as modified by the provisions hereof. This Endorsement neither modifies any other terms of the policy and any prior enforcement, nor does it extend the effective date of the policy and any prior endorsement, nor does it increase the face amount thereof.

__________________________________________
                              Secretary

COUNTERSIGNED AT: __________________________________________

By _________________________________________
President                            

____________________________________________
(authorized countersignature)               

Attached to Policy No._________________

Issued by
BLANK TITLE INSURANCE COMPANY
HEREIN CALLED THE COMPANY

The Company insures the owner of the indebtedness secured by the insured mortgage against loss or damage sustained by reason of:

The invalidity or unenforceability of the lien of the insured mortgage resulting from the provisions therein which provide for changes in the rate of interest.

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 of priority is caused by the changes in the rate of interest.

"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.

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 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.

[Witness clause optional]

BLANK TITLE INSURANCE COMPANY


BY:___________________________

Section II Index

( Form T-33.1: Variable Rate Mortgage-Negative Amortization Endorsement )