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2023-01-09_REVISION - M2021052 (32)
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2023-01-09_REVISION - M2021052 (32)
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Last modified
1/13/2023 7:14:00 AM
Creation date
1/11/2023 2:34:28 PM
Metadata
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Template:
DRMS Permit Index
Permit No
M2021052
IBM Index Class Name
Revision
Doc Date
1/9/2023
Doc Name Note
Attachment B
Doc Name
Adequacy Response - Attachment B
From
IHC Scott
To
DRMS
Type & Sequence
AM1
Email Name
CCW
ACY
THM
Media Type
D
Archive
No
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(f)In no event shall the Company be obligated to issue the Policy referred to in this Commitment unless all of the Schedule B,Part 1—Requirements <br /> have been met to the satisfaction of the Company. <br /> (g)In any event,the Company's liability is limited by the terms and provisions of the Policy. <br /> 6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT <br /> (a)Only a Proposed Insured identified in Schedule A,and no other person,may make a claim under this Commitment. <br /> (b)Any claim must be based in contract and must be restricted solely to the terms and provisions of this Commitment. <br /> (c)Until the Policy is issued,this Commitment,as last revised,is the exclusive and entire agreement between the parties with respect to the subject <br /> matter of this Commitment and supersedes all prior commitment negotiations,representations,and proposals of any kind,whether written or oral, <br /> express or implied,relating to the subject matter of this Commitment. <br /> (d)The deletion or modification of any Schedule B,Part II—Exception does not constitute an agreement or obligation to provide coverage beyond the <br /> terms and provisions of this Commitment or the Policy. <br /> (e)Any amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized by the Company. <br /> (f)When the Policy is issued,all liability and obligation under this Commitment will end and the Company's only liability will be under the Policy. <br /> 7. IF THIS COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENT <br /> The issuing agent is the Company's agent only for the limited purpose of issuing title insurance commitments and policies.The issuing agent is not the <br /> Company's agent for the purpose of providing closing or settlement services. <br /> 8. PRO-FORMA POLICY <br /> The Company may provide,at the request of a Proposed Insured,a pro-forma policy illustrating the coverage that the Company may provide A pro-forma <br /> policy neither reflects the status of Title at the time that the pro-forma policy is delivered to a Proposed Insured,nor is it a commitment to insure. <br /> 9. ARBITRATION <br /> The Policy contains an arbitration clause.All arbitrable matters when the Proposed Policy Amount is$2,000,000 or less shall be arbitrated at the option of <br /> either the Company or the Proposed Insured as the exclusive remedy of the parties.A Proposed Insured may review a copy of the arbitration rules at <br /> http:/www.alta.org/arbitration. <br /> IN WITNESS WHEREOF,Land Title Insurance Corporation has caused its corporate name and seal to be affixed by its duly authorized officers on the date shown <br /> in Schedule A to be valid when countersigned by a validating officer or other authorized signatory. <br /> Issued by: o,TIT(F <br /> • OLD M:PINIUCNATIONALflTI msulitANCECOMPANY <br /> \0� * * ���•i A Stock Company <br /> Land Title Guarantee Company e * G , 400 Second Avenue South,Minneapolis,Minnesota 55401 <br /> 3033 East First Avenue Suite 600 _ _ * *�' 1617j371-1111 <br /> Denver,Colorado 80206 :3 <br /> 303-321-1880 <br /> �+ * * �0�► By /Y/ President <br /> A Attest ti 'd Secretary <br /> Senior Vice President <br /> This page is only a part of a 2016 ALTA@ Commitment for Title Insurance issued by Land Title Insurance Corporation.This Commitment is not valid without the <br /> Notice,the Commitment to Issue Policy;the Commitment Conditions;Schedule A;Schedule B,Part 1--Requirements;and Schedule B,Part II—Exceptions;and <br /> a counter-signature by the Company or its issuing agent that may be in electronic form. <br /> Copyright 2006-2016 American Land Title Association.All rights reserved. <br /> The use of this Form(or any derivative thereof)is restricted to ALTA licensees and ALTA members in good standing as of the date of use.All other uses are <br /> prohibited.Reprinted under license from the American Land Title Association. <br />
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