Title Date-Down Endorsement definition
Title Date-Down Endorsement means an endorsement to Agent’s Title Insurance Policy, in form and substance reasonably acceptable to Agent, which re-dates the Title Insurance Policy to be as of the date of the applicable Future Advance, increases the amount insured thereby to reflect such (and all prior) Future Advances and continues to insure the first lien-priority of the Mortgage without any additional exceptions, other than Permitted Encumbrances and any additional exceptions approved by Lender in its sole and reasonable discretion.