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ISSUED BY TawsNAnoM TITLE INSURANCE Co.IP+~n~ COtvIM17MENT FOR TITLE INSURANCE ~~~ Transnation .1 LANDAAIlNICA COMPANY TRANSNATION TITLE QJSURANCE COMPANY, an Arizona corporation, herein called the Company, for a valuable consideration, hereby commits to issue iu policy or policies of title insurance, as identified in Schedule A, in favor of the proposed Insured named in Schedule?,, as owner ar morteasee of the estate or interest covered hereby in the land described or referted to in Schedule A, upon payment of the premiums and charees therefor; all subject to the provisions of Schedules A and B and [o the Conditions and Stipulations hereof. This Commitmen[ shall be effective only when the iden[ity of the proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A hereof by the Company, either at the [ime of the issuance of this Commitment or by subsequent endorsemen[. This Commitment is preliminary to the issuance of such policy or policies of title insurance and all liability and oblige[ions hereunder shall cease and termina[e 120 days after the effective dale hereof or when the policy or policies committed for shall be issued, whichever first occurs, provided the[ [he failure to issue such policy or policies is not the fault of the company. ' LY tiVITNESS WHEREOF, TRANSNATION TITLE INSURANCE COM1IPAIYY has caused its Corporate Name and Seal to be hereunto affixed; this instrument, including Commitment. Conditions and Stipulations attached. to become valid when coun- tersigned by an Authoriud Officer or Agen[ of the Company. A[[est: ~ ~~,,,/~ ~~,t,,,,e 6r'CrGI,]r'•J TRANSNATION TITLE LVSUR~NCE COi4iPA1NY By. ~lf.~~ C'i ~~ President C^nditions and Stipulations 1. The term mortgage, when used herein, shall include deed of trust, trust deed, or other security instrument 2. If the proposed Insured has or acquires actual knowledge of any defect, lien, encumbrance, adverse claim or other matter affecting the estate or interest or mortgage [hereon covered by this Commitment other than those shown in Schedule B hereof, and shall fail to disclose such knowledge [o the Company in writing, the Company shall be relieved from IiabiGty for any loss or damage resulting from any act of reliance hereon [o the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to [he Company, or if the Company otherwise acquires ac[u~l knowledge of any such defect, lien, encumbrance, adverse claim or other matter, the Company at its option may amend Schedule B of this Commitmen[ accordingly, but such amendment shall "not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. 3. Liability of the Company under this Commitment shall be r•nly [o the named proposed Insured and such parties included under the definition of Insured in the Form of policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply with the requirements hereof, or (b) to eliminate excep[ions shown in Schedule B, or (c) to acquire or create ;he estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount ;tared in Schedule A for the policy or policies committed for and such- liability is subject to the insuring provisions, the Corditicns and Stipulations, and the Exclusions from Cove2ge of ;he form of policy or policies committed For in Favor of the proposed Insured which are hereby incerperated by reference and are made a part of this Commitment except as expressly modified herein. 4. Any action or actions or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are subject to the provisions ot'this Commitment. PA 3 Q Amarlcan Lanz) Title Asscdation Clxnmilment - 1966