Laserfiche WebLink
� * �.* COMMITMENT FOR TITLE INSURANCE <br /> * (� <br /> �c `� � Issued By Old Republic National Title Insurance Company <br /> ,F 1\, <br /> � * �c <br /> �K * <br /> Old Repubiic National Tttie Insurance Company, a Minnesota corporation (`Company°),for a valuable consideration,commits to issue its <br /> policy or policies of tftle insurance,as identified in Schedule A,in favor of the Proposed Insured named in Schedule A,as owner or <br /> mortgagee of the estate or interest in the land described or referred to in Schedule A,upon payment of the premiums and charges and <br /> compliance with the Requirements;all subject to the provisions of Schedules A and B and to the Conditions of this Commitment <br /> This Commitment shali be effective only when the identity of the Proposed insured and the amount of the policy or policies committed for <br /> have been inserted in Schedule A by the Company. <br /> All liabilify and obiigation under this Commitment shall cease and terminate six(6)months after the Effective Date or when the policy or <br /> poliaes committed for shall issue,whichever first occurs,provided that the faiture to issue the policy or policies is not the fault of the <br /> Company. <br /> The Company will provide a sample of the policy form upon request <br /> IN WITNESS WHEREOF,Old Republic National Title lnsurance Company has caused its corporate name and seal to be affixed by its duly <br /> authorized o�cers on the date shown in Schedule A. <br /> CONDI710NS <br /> 1.The term mortgage,when used herein,shall indude deed of trust,trust deed,or other security instrument <br /> 2.If the proposed Insured has or acquired actual knowledge of any defect,lien,encumbrance,adverse claim or other matter affeding the <br /> estate or interest or mortgage thereon covered by this Commitment other than those shown in Schedule B hereof,and shall fail to disdose <br /> such knowledge to the Company in writing,the Company.shali be relieved from liability for any loss or damage resulting from any act of <br /> reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose <br /> such knowledge to the Company,or if the Company othervvise acquires adual knowfedge of any such defect,lien,encumbrance,adverse <br /> ctaim or other matter,the Company at its option may amend Scheduie B of this Commitrnent accordingly,but such amendment shall not <br /> relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. <br /> 3.Liability of the Company under this Commitment shail be only to the named proposed Insured and such parties included under the <br /> definition of Insured in the form of policy or policies committed for and only for actual loss incurred in re(iance hereon in undertaking in good <br /> faith(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 <br /> interest o mortgage thereon covered by this Commitment.In no event shall such liabil'ity exceed the amount stated in Schedufe A for the <br /> policy or policies committed for and such liability is subject to the insuring provisions and Conditibns and Stipulations and the ExGusions <br /> from Coverage of the form of policy or poliaes committed for in favor of the proposed lnsured which are hereby incorporated by reference <br /> and are made a part of this 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 of the condition of <br /> title.Any action or actions or rights of action that the proposed Insured may have or may bring against the Company arising out of the <br /> status of the title to the estate or interest or the status of the mortgage thereon cbvered by this Commitrnent must be based on and are <br /> subject to the provisions of this Commitrnent <br /> 5.The policy to be issued contains an arbitration clause.All arbitrable matters when the Amount of Insurance is$2,000,000 or less shall be <br /> arbitrated at ihe option of either the Company or the Insured as the exclusive remedy of the parties. You may review a copy of the <br /> arbitration rules at:http://www.alta.orgl. <br /> OLO REPUBUC NATIDIIFALTITLE INSUHANCE COdIPANY <br /> A Stack Company <br /> 4U0 Secand Avenue Sauth,Minneap�lis,Minnesata 55401 <br /> /612J377-1i7] <br /> '�� <br /> 4���� <br /> � � <br /> � �, Presideat <br /> �u '�'r <br /> 'm "f m S <br /> �o � # <br /> n <br /> :�o+b yr • <br /> �ounterslgned: q� • �, Secrefary <br /> �'�.r■..a•• <br /> ORT Form 4308 <br /> ALTA Commrtment forTrtle Insurance 6/06 <br />