Laserfiche WebLink
COMMITMENT GOAD FFIONS <br /> 1. DEFIN ITIONS <br /> (a) 'Knowledge' or 'Known': Actual or irr pLt-ed knowledge, but not cons-ruative no-ke i mpared by the Public <br /> Records. <br /> (b) 'Land':The land described in Schedule A and affixed impro men s that by lair constitu-e real property.The terns <br /> 'Land'does not include any property beyond the lines of the area-described in Schedule A, nor any right, -.i-Je, <br /> in-erest.,esta-e,or-ea serr rrt in.abu-ting sets,roads,avenues, a Iles,lanes,ways, or waterways,brut th is does <br /> not rr ocli or li mi-the extent that a right of a,xess to and from the Land is to be insured by the Policy. <br /> (c) Worg.age':A mortgage,deed of Est,of other security instru ment, including one eviderx3&d by-electronic mean s <br /> authorized by law. <br /> (d) 'Poli °`': Each contr.ac-of dde insurance, in a°form adopted by-he.Arnegican Lard Tide Ass i,abon, issued or-o <br /> be issued by the Company pursuant to this Commitment. <br /> (e) 'Proposed Insured': Each person idendi5ed in Sch-e_du le A as the propose-d Insured c f each Ea1incy to be issued. <br /> pursuant to,,his Commhrr ent <br /> (f) 'Proposed Policy Amount': Each dollar arnount specifie-d in Schedule A as`hg Proposed Par icy Amo+urA of each, <br /> Policy to be issued pursuant to this Commitment <br /> �g 'Public Records: Records established under ste statutes at the Commitment Date for tlbe p■-pcse of imparting <br /> construe.-ive notice of rra ters relating to real ply to purchasers for value and withoud - <br /> (h) 'Tide':The es-ite or i n-eres-descri bed in Schedule A. <br /> 2_ If all of the Schedule E, Part I-Requirements have not been met vMhin the time period sped in the CommHtment <br /> to Issue Folk},this Commitri^ent-ermi nates and the Company's liability and obligation-end. <br /> 3- The Company's liability and obligation is limited by and this Comm t is not valid without <br /> (a) the Notice; <br /> (b) the Commitmem to Issue Poili <br /> (cl the Comm-itme•nt°Conditions; <br /> (d) Schedule A; <br /> (e) mule 8,F'art I Requirements., <br /> (f) Sched ule B. a rt I I-Exoeptians;and <br /> (g) a omuntersignaw re by the Company or its issuing agen-than may be in electronic arm_ <br /> 4, COMPANT S FIGHT TO AMEND <br /> The Corr*pa ny may a mend this Commitment at any time. if the Cbrnpany a mend s-h is Comm itmen:-o add.a defeat, <br /> lien,encumbrance,.ads daim,of other matter recorded in the Public Records prior to the Con-mi`-ment Date,any <br /> liability 0' he Company is limited by Commknrient C43ndkk3n 5. The Company shall not be liable for any ref <br /> ar ndrr ent-c th is Commitment <br /> 5_ LIMITATIONS OF I I RBIL,fI'Y <br /> (a) The C•omp.an s liablityr under -Commitment Condition 4 is I imMed to the Proposed Insured's anal expense <br /> incurred in the i lerval between the Company's-delivery to the Pruned Insured o_.he Corr mi`ment and the <br /> deliveryr&the.amended Commitment,resulting fom the"Iropose_d I nsured's good faith reliance to: <br /> (i) comply with"he Schedule B, Part I-Req u ts; <br /> (ii) elimi nate,with he Company's written ccnsent any Schedule 8,Part II-Exception s,or <br /> (iii) acquire the Title or cre.aR e the Mortgage age covered by this Commitrr t. <br /> (b) The Company shall not be liable under Commr•°itment Condidon 5(a) l'if the proposed Insured requested the <br /> arr-endrr-ent or had Knowledge o"the rr a:ter and d id not noti fy the Company about it i n writi ng. <br /> (c) The Cora pa ny mil 1 only have I iability u rider Ccmrr itmert Condition 4 if the Proposed I nsured wauld not have <br /> incurred he-expense had 7-h-e yam miment inolude•d the added mailer when the Commitment was Irst delivered <br /> to the:)rcpose-d Insured. <br /> nIs page fs My apart cf a 20 fY ALTA&L Dmr.L1"-U icr Ti"re."oL'ro.we. TW'CZwnR 1f N vaW NbnsF:+.'1a awffil�l.°1 fo ftum <br /> F' A:y.she Czmrnnerif�-, aVbow.-Sob p-A,Ss rem%le B.RV I-Re;!',te a and SnlmdWe S,Pail,.f-BcepuM rs.,arW a Gour&mVeftffe by Me <br /> Cqp�"glt 2Hf3,2fflG AmeMw Land TItle.Aseocla' . All r1$'hke reeermd- <br /> TI*twie or this Farm i ter any dertia&E tlr �s w.rctec:D ALTA Icersees ar d ALTA members In gxW&LvWhg as at fie Ue&tw. r.-::.•i <br /> Al atnEr mm are Kmitaltan. Repr1rmd Lade':Insnw lum the A`TE-laa_i Lard T111E, gym. <br /> LT F1W.No-: 650013 <br /> 00;9--U N.ALTA CDrnmMTeN FoF Title Irzu rap ce E 1-1 E <br /> Paget ct11 <br /> Page 11 of 20 <br />