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CONDITIONS 1.DEFINITION OF TERMS In this policy,the following terms have the meanings given to them below.Any defined term includes both the singular and the plural,as the context requires: (a)"Affiliate".An Entity. (i)that is wholly owned by the Insured; (u)that wholly owns the Insured;or (iii)if that Entity and the Insured are both wholly owned by the same person or entity. (b)"Amount of Insurance":The Amount of Insurance stated in Schedule A,as may be increased by Condition 8(d);decreased by Condition 10 or 11;or increased or decreased by endorsements to this policy (c)"Date of Policy".The"Date of Policy"stated in Schedule A. (d)"Discriminatory Covenant":Any covenant,condition,restriction,or limitation that is unenforceable under applicable law because it illegally discnminates against a class of individuals based on personal characteristics such as race,color,religion,sex,sexual orientation,gender identity,familial status,disability,national origin,or other legally protected class. (e)"Enforcement Notice" A document recorded in the Public Records that describes any part of the Land and: (i)is issued by a governmental agency that identifies a violation or enforcement of a law,ordinance,permit,or governmental regulation, (i)is issued by a holder of the power of eminent domain or a governmental agency that identifies the exercise of a governmental power;or (in) asserts a right to enforce a PACA-PSA Trust. (f)"Entity":A corporation,partnership,trust,limited liability company,or other entity authorized by law to own title to real property in the State where the Land is located. (g)"Insured (i)(a)The Insured named in Item 1 of Schedule A; (b)the successor to the Title of an Insured by operation of law as distinguished from purchase,including heirs,devisees,survivors,personal representatives,or next of kin; (c)the successor to the Title of an Insured resulting from dissolution,merger,consolidation,distribution,or reorganization; (d)the successor to the Title of an Insured resulting from its conversion to another kind of Entity;or (e)the grantee of an Insured under a deed or other instrument transferring the Title,if the grantee is: (1)an Affiliate; (2)a trustee or beneficiary of a trust created by a written instrument established for estate planning purposes by an Insured, (3)a spouse who receives the Title because of a dissolution of marriage; (4)a transferee by a transfer effective on the death of an Insured as authorized by law,or (5)another Insured named in item 1 of Schedule A. (n)The Company reserves all nghts and defenses as to any successor or grantee that the Company would have had against any predecessor Insured. (hyInsured Claimant":An Insured claiming loss or damage arising under this policy. ()"Knowledge"or"Known":Actual knowledge or actual notice,but not constructive notice imparted by the Public Records. (f)"Land"'The land described in Item 4 of Schedule A,and improvements located on that land at the Date of Policy that by State law constitute real property.-The term"Land"does not include any property beyond that described in Schedule A,nor any right,title,interest,estate,or easement in any abutting street,road, avenue,alley,lane,right-of-way,body of water,or waterway,but does not modify or limit the extent that a right of access to and from the Land is insured by this policy. (k)"Mortgage"•A mortgage,deed of trust,trust deed,security deed,or other real property security instrument,including one evidenced by electronic means authorized by law. (I)"PACA-PSA Trust":A trust under the federal Perishable Agricultural Commodities Act or the federal Packers and Stockyards Act or a similar State or federal law. (myPublic Records The recording or filing system established under State statutes in effect at the Date of Policy under which a document must be recorded or filed to impart constructive notice of matters relating to the Title to purchaser for value without Knowledge.The term"Public Records"does not include any other recording or filing system,including any pertaining to environmental remediation or protection,planning,permitting,zoning,licensing,building,health,public, safety,or national security matters. (n)"State".The state or commonwealth of the United States within whose exterior boundaries the Land is located.The term"State"also includes the District of Columbia,the Commonwealth of Puerto Rico,the U.S.Virgin Islands,and Guam. (o)'Title":The estate or interest in the Land identified in Item 2 of Schedule A. (p)"Unmarketable Title":The Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or a lender on the Title to be released from the obligation to purchase,lease,or lend if there is a contractual condition requiring the delivery of marketable title. 2. CONTINUATION OF COVERAGE This policy continues as of the Date of Policy in favor of an Insured,so long as the Insured: (a)retams an estate or interest in the Land; (b)owns an obligation secured by a purchase money Mortgage given by a purchaser from the Insured,or (c)has liability warranties given by the Insured in any transfer or conveyance of the Insured's Title. Except as provided in Condition 2,this policy terminates and ceases to have any further force or effect after the Insured conveys the Title.This policy does not continue in force or effect in favor of any person or entity that is not the Insured and acquires the Title or an obligation secured by a purchase money Mortgage given to the Insured. 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT The Insured must notify the Company promptly in wnting if the Insured has Knowledge of. (a)any litigation or other matter for which the Company may be liable under this policy,or (b)any refection of the Title as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice,the Company's liability to the Insured Claimant under this policy is reduced to the extent of the prejudice. 4. PROOF OF LOSS The Company may,at its option,require as a condition of payment that the Insured Claimant furnish a signed proof of loss.The proof of loss must describe the defect, lien,encumbrance,adverse claim,or other matter insured against by this policy that constitutes the basis of loss or damage and must state,to the extent possible,the basis of calculating the amount of the loss or damage.