|
OCT-26-2000 THU 06:40 PM BURNET TITLE WAYZATA FAX NO. 6124750592 P. 10
<br />CONDITIONS· CONTINUED
<br />5, H.-.ndling A Clrum Or L.egol Ac:lion
<br />;:i. You mu:rl coop•rat'9 with V.s In handling ~ny claim or legal ae~on
<br />iJ/ld give Ua oD ntlevanl lnforl'11i!lion,
<br />b. If You f,1n or tBfuBe to COC1parale wilh Us, Your caver.'llgo will be
<br />r11dUc:ed or ondtd, bl.II orJy to the exl•nt Y1>1.1r fuilure or rolllllal
<br />arr1cts Our ability to r~ol~• tll• c:lalm or defend You.
<br />c, Wo are required to r.p.-.y You only for those telllef'fl8nl c;o;la,
<br />ottom•yi' fees and e~penses !hat Wo approv~ In advance.
<br />d, Wu h;:ive the right ID choot;e Iha 11t1Pmoy whan We bring or d1f•11d
<br />a legal aclio,; on YQYr bvhilfr. We can appe.al DllY d•c.:icloo to the
<br />highest fo,vel. Wa do not have ~ pay Your claim until the legal
<br />aclion is llnally decided,
<br />o. Whelher or 11ot We :igrea lhere i:J COVlll'3.(16, We can bring or derend
<br />Q lagal aclion, or tl:lkei olher ~ppropfi.'1lt,;, "c;Uon und~r !his Policy. By
<br />doing ao. We do oot givlll up ;mi, rights.
<br />IS. Llmillltl0r, O( Our Liability
<br />a. AR-Ir :iublr,11:ling Your DeducHbl• Amount ir it appBas, We v.-ill pay
<br />no l"n0re than ll'le la,iu:t or:
<br />(1) Your actual loss;
<br />(2) Our M!lXimum Dollar Umil of Llabllily lhen In force for Iii•
<br />partlc:ular Covered Risk, ror i.lailTllll covored only under Coverad
<br />Rls~ 14, 15, 16 or 1S: or
<br />(3) !ho Policy Amount ltlen lh r01ca;
<br />and 1:1ny co:it:1, attom•y,.;' rees and expenHs which W• are
<br />obllr,t,ted tel p.1y under this F>obcy.
<br />Ii, (1) If We r!lmove 1he c.a~ of the c:lalm will\ reusona/:lle diligen~
<br />after rsoalving notice of II, all O11r obligalion, for th• claim •~•
<br />lnc:ructing any obligatlon tor 103:i Yo11 had while We wiw
<br />romoving ltle cause of the claim.
<br />(2) ~egardfe:is or 6,/:1, (1) above, if You cannot use lhe Land
<br />beC'QU:i• of .a cl.:iim CQVered by lhl!l Policy;
<br />(a) Voll m1y rent a reasonably aq11iYalont subslittJls re.sickinc•
<br />.ind We will repay You for 1h11 acb.lal rtMit You pay, unlil tho
<br />e:.,1ller of;
<br />(1) 1h11 c:auM of the c:lalm ht removed; or
<br />(2) We p.iy Voll th~ :.mourit required by !his P91ic;y. Ir
<br />Your cbiim i$ tlMlred only under CO\lerect Risk. f4, 15, 16 or
<br />18, ltlat payment It Iha .-mo11nt or Your ln&urenoe tti.11 jn
<br />force for the 1Jarlicl41"r Covar.d ~isk.
<br />(b) We will p;ii, reasonable oo!l~ Vo1.1 pay lo reloeaf• any
<br />p"nional property You ll•v• tho right to remove rrotn \tie
<br />Land, lncludiig lrtirn;portaUon of U,at p&f$oni111 prop ■rly For
<br />up to lw•nly-fivo (25) mile from lhe µinQ, ::ind 111pair of any
<br />d.i~ga lo lhal per,onol property baaall38 of !he reloealion.
<br />The amount Wo 'Ml fl'IY You under this ~ragraph is limited
<br />IO lf1e v-itue 0f 1h11 peraonal property be(ore You relocate rt.
<br />c. AD paYffi!lnl$ Wa rrako under this Poicy reduce lho Polley AmoUhl,
<br />except for eMts, attorn•y•· r■.s arid a,cponaea. All paymarillli We
<br />ITl;'lke for dairns 'Which ::ire 00YBred only und6f Cover'ld Rllik 14, 15,
<br />16 or 18 lho tod1.1ce Our Mexm.irri Poll1r Limit of Liability for lh•
<br />p.lrlicular Covered Risk, al(cepl For costs. attoml!Y:.' F•es ;ind
<br />elCpenalt!.
<br />d. If We issue, or hilva IG&ued, " Policy to the owner or a Mortgage
<br />th::il IE on Your Tille .and W• have not ;Jven You ilnY ,;:ovw.ge
<br />agalMI lhe Morlgo■g•, then:
<br />(1) Wo ho■ve lho rig'1I lo pay any Dft'w:11.mt <14e You 11nd!lr lhis Polley
<br />IQ lho owner ol lhe Mortgaige, ;ind ;;iny amount paid ahall be
<br />trr,ialod as 3 ~'yrTlant to You undet this Polley, includfng under
<br />par.:igr.:1ph 4.11. of lhase C:ondilion,;
<br />A WORD OF THANKS .....
<br />(2) Any :imount paid lo 'the D'wr,er of Iha l'ttor1Qaga shoU be
<br />111.lbtracted rrom Iha Polley Amount of !his Polley; •nd
<br />(3) If Your claim i!J eowr11d only under ecv,red Ri~k 14, 1S, 16 or
<br />H.I, ;;iny amount paid ID 1he owner or lh" t.4o~age shall Also be
<br />1ubtr:acled rl'Dm Our Ma1:imum Dollar Llrril or LI.ihilii)" for lht
<br />piwtk;,.ir ■r Cov•rtd Risk,
<br />e. H You do onyl.hing fD affect any right of r.covery You may hove
<br />againat someone else, We ~iilfl 1ublr.acl from Our li~bility !he
<br />amount by which You raduced the value of ~I right
<br />7. T~n.sfer or Your Rlghrs 'ro Us
<br />•• When We selUe Your mlm, We hD\le ell lh• righls You have
<br />oi;i ■i"st any parson or property relatscl to lh• claim. You mu:il
<br />transfer ltlese rights to Us when We 11:k. and Yo1.1 rn1.1sl nol do
<br />11nyfhfn0 le ilfl'ect those rights, You mual lat Us 1.1t:e Yo1.1r narno In
<br />enfoicing lhttH ri;hls,
<br />b. Wa will not Ile N11blo to You If We do nol puraue lho:so rightll or tr
<br />We do not recover any amount lh11l might ba recoverabla,
<br />e. We wi11 pay any M.ln&y We colectrrom enlon:in; thM& l'i9hls In th ■
<br />fo/lCJWing order:
<br />(1) to Us ror Iha eocls, attorneys· fe~ onq expens~ We paid to
<br />enfo~ lhtt1111 rlghis;
<br />(2) to You for Your lcsa that You ™IVS not alre.'ldy collected;
<br />(3} Ill Us for any money We paid out under thr-> P0ll1.y cm acc-o~nt
<br />of Your claim: and
<br />(4) to You whatever ;s left.
<br />cl. If You have lighl.s under c:onltaol! [such u indemnilies, 9uotanll1n,
<br />llonds Ol'olhar policies of iMUranca) lo hlcaver all or p;1rt of Yo1.1r
<br />lo.:c, !hen We h ■v■ ;1111 of thCJsa righl:l, even 1r lt,o£e conlraclll
<br />provide lh ■f lflosa obliga1ed haYo 11U of Your rights 11ndor this Policy.
<br />a. Ehtira Contract
<br />This Po~cy, with 11ny endot:ia1T1Bnl!:, 1$ Iha entire cor,lr11e:t bolw•en You
<br />and U.1. To do .. mine !he maanin; cf .iny part of lhi• Polk;y, Yc1.1 mll3f
<br />raad Iha en!ITTI PoU1.y. Ally cha11ges to lhi.1 Policy must be ai,:ireed to It\
<br />wriUng by u~. Any olalrn Vall make against Ua 1T111st bo m~~ undar
<br />lflit l>olicy and l:t :rut>j,tct lo its !aims.
<br />s. lni:r.u•r;f Policy Amount
<br />The Paffcy Amourit will lttc:rel'!H by tan percent {10%) or ltie "Policy
<br />Amount shown in .'Schedule A each year for Ii• lin:t rl\ls years following
<br />1h11 Policy Dala ahown In Schedul• A, yP to one hundnid nny porcent
<br />(150%) of the Policy Amount c-hown in Schedult A, it,a increiilSa ■aeh
<br />year will happen on Iha 11nnlv111Ury or ltia Polley Oat& shown In
<br />Schadul• A.
<br />10. Severabilily
<br />Ii any port of this Policy fa held to be legally 1.1nanfotoeable, bolh You
<br />ohd We c.::1n still anrorce the ™'' of this Polley.
<br />11. Arbitra 6on
<br />a. l( penl'llttctd in lhe scale whero the Land js lo!;:llled You o, \Ive may
<br />dlmond arbiiratlon.
<br />b. Tha 11rbilrl!Uon moil ba l>inding on bolh You and Us. The atbi~6on
<br />shall dacirlit .iny mattar In di!IJJ\lle b ■tw.•n Yau and Us.
<br />e. Th, orbilra1icn award rmy be entered as II judgment In Iha proper
<br />court
<br />d. The lltbi~1ion lihiiiD be under 1116 Tille Insurance Arblrr.ilio11 Rule-J
<br />of Ula Americun Artltr.ttlon ABB~lion. You may choo:i• current
<br />Rulea or Rules In axialenco on Polrcy Dela.
<br />o. The bW Usecf In !he .arbllratiol'l b lh• law of Iha place where thti
<br />Land i,s lcc;afed,
<br />f, You can get II copy of lh• Rules from Us-.
<br />As wa make your policy °' par! or cur pti,rrn.aner,t r~rds. we want to expre~ our appreciation of thl!I evidence Qr yo1X 1allh I~ Li4WYerli Tll/a Insurance
<br />Corpo,~li,;,n.
<br />Th11rF.1 Is no recurring premium,
<br />'rhl1: policy provideo II valuable lille pro!acflon and we ~ggest you keep It In a $a(a pl.ice where It will be r .. dy fot full.Ire rerereni:6.
<br />If you hova any question,:; .ibout the proteoUor, provided by this policy, ccnt11et the ofliea that IS:tU•d your policy or you m.'.ly writ~ to:
<br />Consumer AIYalts bepiirlment
<br />Lawyer~ Title lnsurauce Corporation
<br />Auna America C<llup.my
<br />P.O. Box 275f37
<br />Richmond, Vifginia, 232eJ1-7567
<br />TOU. FREI: NUMBER: 1-800-446-7086
<br />4
|