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* * Commitment For Title Insurance <br /> * Issued by Old Republic National Title Insurance Corporation <br /> * NOTICE <br /> * * IMPORTANT—READ CAREFULLY:THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE INSURANCE <br /> * * POLICIES ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE CONTENT OF THIS <br /> COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT. <br /> THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE,REPORT OF THE CONDITION OF TITLE,LEGAL OPINION,OPINION OF TITLE,OR OTHER <br /> REPRESENTATION OF THE STATUS OF TITLE.THE PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE,INCLUDING <br /> ANY SEARCH AND EXAMINATION,ARE PROPRIETARY TO THE COMPANY,WERE PERFORMED SOLELY FOR THE BENEFIT OF THE COMPANY,AND <br /> CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,INCLUDING A PROPOSED INSURED. <br /> THE COMPANY'S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED INSURED IDENTIFIED IN SCHEDULE A IN <br /> ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS COMMITMENT.THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE <br /> CONTENT OF THIS COMMITMENT TO ANY OTHER PERSON.. <br /> COMMITMENT TO ISSUE POLICY <br /> Subject to the Notice,Schedule B,Part[—Requirements,Schedule B,Part II—Exceptions;and the Commitment Conditions,Old Republic National Title Insurance <br /> Company,a Minnesota corporation(the"Company"),commits to issue the Policy according to the terms and provisions of this Commitment.This Commitment is <br /> effective as of the Commitment Date shown in Schedule A for each Policy described in Schedule A,only when the Company has entered in Schedule A both the <br /> specified dollar amount as the Proposed Policy Amount and the name of the Proposed Insured.If all of the Schedule B,Part I—Requirements have not been met <br /> within 6 months after the Commitment Date,this Commitment terminates and the Company's liability and obligation end <br /> COMMITMENT CONDITIONS <br /> 1. DEFINITIONS <br /> (a)"Knowledge"or"Known":Actual or imputed knowledge,but not constructive notice imparted by the Public Records. <br /> (b)"Land" The land described in Schedule A and affixed improvements that by law constitute real property.The term"Land"does not include any <br /> property beyond the lines of the area described in Schedule A,nor any right,title,interest,estate,or easement in abutting streets,roads,avenues, <br /> alleys,lanes,ways,or waterways,but this does not modify or limit the extent that a right of access to and from the Land is to be insured by the Policy. <br /> (c)"Mortgage":A mortgage,deed of trust,or other security instrument,including one evidenced by electronic means authorized by law. <br /> (d) "Policy":Each contract of title insurance,in a form adopted by the American Land Title Association,issued or to be issued by the Company <br /> pursuant to this Commitment. <br /> (e) "Proposed Insured Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment. <br /> (f)"Proposed Policy Amount":Each dollar amount specified in Schedule A as the Proposed Policy Amount of each Policy to be issued pursuant to this <br /> Commitment. <br /> (g)"Public Records":Records established under state statutes at the Commitment Date for the purpose of imparting constructive notice of matters <br /> relating to real property to purchasers for value and without Knowledge. <br /> (h)"Title":The estate or interest described in Schedule A. <br /> 2. If all of the Schedule B,Part Requirements have not been met within the time period specified in the Commitment to Issue Policy,Commitment terminates <br /> and the Company's liability and obligation end. <br /> 3. The Company's liability and obligation is limited by and this Commitment is not valid without, <br /> (a)the Notice, <br /> (b)the Commitment to Issue Policy; <br /> (c)the Commitment Conditions; <br /> (d)Schedule A; <br /> (e)Schedule B,Part 1—Requirements,and <br /> (f)Schedule B,Part II—Exceptions,and <br /> (g)a counter-signature by the Company or its issuing agent that may be in electronic form. <br /> 4. COMPANY'S RIGHT TO AMEND <br /> The Company may amend this Commitment at any time.If the Company amends this Commitment to add a defect,lien,encumbrance,adverse claim,or <br /> other matter recorded in the Public Records prior to the Commitment Date,any liability of the Company is limited by Commitment Condition 5.The <br /> Company shall not be liable for any other amendment to this Commitment. <br /> 5. LIMITATIONS OF LIABILITY <br /> (a)The Company's liability under Commitment Condition 4 is limited to the Proposed Insured's actual expense incurred in the interval between the <br /> Company's delivery to the Proposed Insured of the Commitment and the delivery of the amended Commitment,resulting from the Proposed <br /> Insured's good faith reliance to <br /> i. comply with the Schedule B,Part I—Requirements; <br /> n. eliminate,with the Company's written consent,any Schedule B,Part I1--Exceptions;or <br /> in. acquire the Title or create the Mortgage covered by this Commitment. <br /> (b)The Company shall not be liable under Commitment Condition 5(a)if the Proposed Insured requested the amendment or had Knowledge of the <br /> matter and did not notify the Company about it in writing. <br /> (c)The Company will only have liability under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the <br /> Commitment included the added matter when the Commitment was first delivered to the Proposed Insured. <br /> (d)The Company's liability shall not exceed the lesser of the Proposed Insured's actual expense incurred in good faith and described in Commitment <br /> Conditions 5(a)(Q through 5(a)(iu)or the Proposed Policy Amount. <br /> (e)The Company shall not be liable for the content of the Transaction Identification Data,if any. <br />