Chicago Title Insurance Company


JUNIOR LOAN POLICY ENDORSEMENT 2
(Revolving Credit-Variable Rate)

Attached to and made a part of Policy Number __________________________________.

I. Provided that:
 
A.	The land is a one-to-four family residence or condominium unit; and

B. The insuredıs mortgage creates a lien on the land; and

C. The borrower named in the insuredıs mortgage ("Borrower") is the owner of the land at the date an advance is made 
pursuant to the note or agreement secured by the insuredıs mortgage referred to above; and

D. With respect to paragraph A. below the insuredıs mortgage states that it secures repayment of future advances.

II.	The Company hereby insures against loss or damage which the insured shall sustain by reason of:

A. The failure of the lien for future advances secured by the insuredıs mortgage to have the same priority over liens, 
encumbrances, and other matters disclosed by the public records as advances secured by the insuredıs mortgage at the date of 
its recording, except for the following matters:

1.  Any real estate taxes, assessments, water and sewer rent charges of any governmental taxing authority which 
constitute a lien on the title and which appear subsequent to Date of Policy in the official tax records where the land is 
located;

2.  Federal tax liens;

3.  Liens, encumbrances, or other matters, the existence of which are actually known to the insured prior to the date of an 
advance; or

B. The invalidity or unenforceability of the lien of the insuredıs mortgage resulting from the provisons of the insuredıs 
mortgage which provide for changes in the rate of interest; or  

C. Loss of priority of the lien of the insuredıs mortgage resulting from changes in the rate of interest calculated in accordance 
with the formula  provided in the insuredıs mortgage at the date it is recorded in the public records.

III.	This Endorsement does not insure:

A. That the Borrower owns the land nor that the insuredıs mortgage create a lien on the land, nor the validity, enforceability, 
or priority of the lien of the insuredıs mortgage, except to the extent expressly stated; nor

B. Against loss or damage resulting from (1) usury, (2) any consumer credit protection or truth in lending law, or (3) 
bankruptcy or insolvency proceedings of the Borrower.

	This endorsement is made a part of the Policy and is subject to all the terms and provisions thereof and of any other endorsements.  
Except to the extent expressly stated, it neither modifies any of the terms and provisions of the Policy and any other endorsements, nor does it 
extend the effective date of the Policy and any other endorsements, nor does it increase the fact amount thereof.
.
Dated:      

Countersigned				Chicago Title Insurance Company
                                     		       
BY: 
Authorized Signatory



TIRSA JR LOAN ENDORSEMENT 2 (Revolving Credit-Variable Rate)  (04/24/01)