Agenda - Council - 03/22/2022 - Laserfiche WebLink

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(d) The Company's liabi lity shall no- exoeed he lesser o`the F roposed Insu red's actua l expense incurred in good faith and described in Cbm mitment Conditions I(a)(i)-hrough 5(a.)(ii i)or the Proposed Policy Amou nt. (e) The Company shal I not be liable For the contem of the Transaction Idendfication Data,if anyf- (f) In no-event shall the Company be obligated to issue-he Policy referred to in this Commitment unless all of the SIhedu le B.Pa rt I Requirements have been m-et to he sa-is acti n of the Corr pane. (g) In any eat,the Compa ny's liability is limited by the terrr's and provisions of the°soli - 6_ LIABILFrY OF THE COMPANY MUST BE BASEa ON THIS COMMITMENT (a) Only a Proposed Insured identifier in Schedule A, and no oter person, may make a ola im under thi s Commitment (b) Any claim must be based in c:ontract and must be restricted solely to .he -erms .and provisions of thi s Commitment (o) Until the Eol icy is issued, -h is Corr mi-ment, as last revised, is the exclusive and erYtire ag regiment be-ween the parties with respect o the subaec-ma-.er of this Commitment and supersedes all prior commitment n o jations, representations, ,and prop€Isa is of any kind, whether wri`ten or oral, express or implied, relating to the subject matter of this Comm itment. (d) The deletion or modMeadon of any Schedule B, Part I I-Exception does not cons`i-Ae an agreement or obligation to provide coverage beyond the term s and provisions of this Commitment or the Policy. (e) -Any .arrendrr-ent or endorsement to this Commitment,must be in writing and.authenticated by a person a uthorized by the Cccr pang°,. (f) When the Polo is issued, all liability and obligation under this Commitment*11 end and the Company's only lia bil ity will be u nder he Poo icy. 7_ IF TH IS COMM FrM ENT HAS B EEN ISSUED BY AN ISSUING AGENT The issuing agent is the Company's agent only for the limited purpose of issuing We insurance€omrWtments a nd Iioimes.The issui ng agent is not the Company's agent`or the purpose of prov d ing closing or settlement services. 8_ PRO-F POLICY The Company May proVidle,.at de rEquiest o-a Proposed Insured,a p fibrma.policy illustrating the wverage that the Company nrkay pm e.A Pia Pnlicyl neiher retie the staWs.of Tide at the time that the pro-f rma:policy is dalivere-d to a Proposed Insured,rKw is it a oomrr itme it to insure. 9_ ARBITRATION The Policy ins an.arbitration clause. All arbitrable matters when ;he P oposed Hali•cyr Amount is $2.[]013,000 of less shall be erhrated at he op-tion- of either the Coma pa ny or-he Proposed I nsured,as the exclusive remedy cf,the parties.A PmKsed In sured may review.a copy of the ar bihr.aticn rules at<http:)Awww.alta.orwarbitra-ion". STEWART TITLE GUARANTY COMPANY .ICJ I notioes required-o be given the Company and any stat ent in writing required to k>e'u mi shed the Crompany shall be.addressed to i.at P.O.Box 202P, Houston,Texa s r?2%1::12-2G2g. T1,L5 page r�3+,,.,.,"y aay',,par~.r�.f�,a.2 t TA*°darn r��"_s N TY,��y�M 3r LvR rr e.y.,, � r�{�� o watk!' r La ky Me +1 i L LI'1ty�f'rf S T I d7 c r s� �a L �S+s rf L I Pad I,1-R �I!�r n .a !�1 LfLCI e LJ� R1- ; a�i e rm by�I e W wipany ar IL�i..=org ageryt rim L rwy be 1r;Lahe re-,Win. CJWY"P -7-1D1G 6 meri M LMd TMO& la ' . All FOU FBNM3<L The twi-E a r JU F ern(Or 3TY de rt�M LL theregPe IS FeWkle d,i s SILT A Foe r��a nµ�d��aLTA men to rs I n g�=d� W Or 1h e E-CIf USE. %•.I-.r.-::.A Al a th E r are� b tea I p e po n "er 11 cer w I 14.11 I I the A.T�n-i L m d TI Y LLA&wda". LT Flle No.: 6E 1 3 LIN IOTA Corrtnlhnel d Frx Me Irtaura E,1-15 Page•a Cr 1 J �I Page 12 of 20