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CONDITIONS <br />1. The term mortgage, when used herein, shell Inalude deed of trust, trust deed, or other seourity Instrument <br />2, lithe proposed Insured has or acquired actual knowledge of any defect, lien, encumbrance, adverse claim or other matter affecting the estate ar <br />interest or mortgage thereon covered by this Commitment other than these shown In Schedule E hereof, and shall fall' to dlaolose.such knowl> <br />edge to the Company In writing, the Company shall be relieved from liability for any loss ar damage resulting from any act of rolinnoe hereon to <br />the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shell disclose such knowledge to the <br />Company, ar if the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim or other matter, the <br />Company et Its option may emend Schedu(e B of this Commitment accordingly, but such amendment shall not relieve the Company from liability <br />previously incurred pursuant to paragraph 3 of these Conditions end Stipulations, <br />3. Liability of the Company under thls Commitment shall be only to the named proposed Insured and such parties included under the definition of <br />Insured in the form of policy or policies committed for and only for actual loss inourred In reliance hereon in undertaking in good faith <br />(silo comply with the requirements hereof, ar (bite eliminate exceptions shown in Schedule B, or (c) to acquire of create the estate or Interest or <br />mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy ar policies <br />• committed for end such (lability is subject to the Insuring provisions and Conditions and Stipulations and the Exclusions from Coverage of the <br />form of policy or policies committed for In favor of the proposed insured which era hereby incorporated by reference end are made a pert of this <br />Commitment except as expressly modified herein. <br />h. This Commitment is a cantractto issue one or more title insurance policies and is not an abstract of title or a report of the condition of title, Any <br />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 <br />the estate or interest or the status of the mortgage thereon covered by thls Commitment must be based on and are subject to the provisions of <br />this Commitment. <br />S. Tire policy tote issued contains an arbitration clause. All arbitrable matters when the Amount of insurance is $2,000,000 or less shall be <br />arbitrated etthe option of either the Company or the insured as the exclusive remedy of the parties. <br />You may review a copy of the arbitration rules at: http://www,alta.org/. <br />Page e <br />