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CONDITIONS <br />1. The term mortgage, when used herein, shell Include deed of trust, trust deed, or other security instrument <br />2. If the proposed Insured has or acquired actual knowledge or any defect, lien, encumbrance, adverse claim or other matter affecting the estate or <br />lrrtsrest or mortgage thereon covered by this Commitment other than those shown In Schedule B hereof, end shall fair-to disclose such knowl- <br />edge to the Company In writing, the Company shall be relieved from liablllty for 1my loss or damage resulting from any act of rellence hereon to <br />the extent the Company Is prejudiced by failure to so disc lose such knowledge. If the proposed Insured shall disclose such knowledge to the <br />Company, or lf the Company othaiwlse acquires actual knowledge of any such defect, llen, encumbrance, adverse claim or other matter, the <br />Company at its option may emend Schedule B of this Commitment acoordlngly, but euch amendment shall not relieve the Company from liability <br />prevlously Incurred pursuant to paragraph 3 of these Conditions and Stipulations. <br />3. Uabllity of the Company undet this Commitment shall be only to the named proposed Insured end such parties included under the definition of <br />Insured in the form of policy or policies committed for and only for actual loss Incurred In reliance hereon In undertaking In good faith <br />(a) to comply with the requirements hereof, or {b) to eliminate exceptions shown In Schedule B, or {c) to acquire or create the estate or interest or <br />mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies <br />committed for and such II ability is subject to the insuring provisions and Conditions and Stlpulatltins and the Exclusions from Coverage of the <br />form of policy or pollcles committed for In favor of the proposed Insured which are hereby incorporated by reference and are made e part of this <br />Commitment except as expressly modified herein. <br />4. This Commitment is a contract to Issue one or more title insurance policies and Is not an abstract of title or a report at the condition of title. Any <br />action or actions or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to <br />the estate or Interest ortfla status of the mortgage thereon covered by this Commitment must ba based on and are subject to the provisions of <br />this Commitment · <br />5. The policy to be Issued contains an arbitration clause. All arbltrable matters when the Amount of Insurance ie $2,000,000 or less shall be <br />arbitrated atthe option of either the Company or the Insured as the exclusive remedy of the parties. <br />You may review a copy of the arbitration rules at http://www.alta.org/. <br />Pags2