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Order No.: 80300249 <br />Policy ,vo.:CNJP-1597-357658 <br />E N D O R S E M E N T <br />Attached to Policy No. CNJP-1597-357658 <br />Issued by <br />STEWART TITLE GUARANTY COMPANY, <br />a corporation <br />The Company, recognizing the current effect of inflation on real property valuation and intending to provide additional <br />monetary protection to the Insured Owner named in said policy, hereby modifies said policy, as follows: <br />1. Notwithstanding anything contained in said policy and any other Endorsements attached thereto to the contrary, the <br />amount of insurance provided by said policy, as stated in Schedule A thereof, is subject to cumulative annual upward <br />adjustments in the manner and to the extent hereinafter specified. <br />2. "Adjustment Date" is defined, for the purpose of this Endorsement, to 12:01 a.m. on the first January 1 which occurs <br />more than six months after the date of policy, as shown in Schedule A of the policy to which this Endorsement is attached, <br />and on each succeeding January 1. <br />3. An upward adjustment will be made on each of the Adjustment Dates, as defined above, by increasing the maximum amount <br />of insurance provided by said policy (as said amount may have been increased theretofore under the terms of this <br />Endorsement) by the same percentage, if any, by which the United States Department of Commerce Composite Construction Cost <br />Index (base period 1967) for the month of September immediately preceding exceeds such Index for the month of September one <br />year earlier; provided, however, that the maximum amount of insurance in force shall never exceed 150% of the amount of <br />insurance stated in Schedule A of said policy, less the amount of any claim paid under said policy which, under the terms <br />of the Conditions and Stipulations, reduces the amount of insurance in force. There shall be no annual adjustment in the <br />amount of insurance for years in which there is no increase in said Construction Cost Index. <br />4. In computing loss or damage incurred by the insured Claimant, the amount of insurance in force shall be deemed to be <br />the amount in force at the date the Insured Claimant first learned of the defect in title from which the loss or damage <br />resulted or the date or receipt by the Company of the first notice of claim, whichever first shall occur. <br />Nothing herein contained shall be construed as extending or changing the effective date of said policy. <br />This endorsement is made a part of said policy and is subject to the schedules, conditions and stipulations therein, <br />except as modified by the provisions hereof. <br />Dated: April 19, 1996 at 1:32 o'clock p.m. <br />Placer Title Company <br />801 Davis Street <br />San Leandro, California 94577 <br />Inflation <br />STEWART TITLE GUARANTY COMPANY <br />By <br />Authorized Signatory <br />Page 6 <br />