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Vss,JW by <br />Ticor Title Insurance Company <br />CONDITIONS AND STIPULATIONS <br />1. The term `mortgage', when used herein, shall include deed of trust, or other security instrument. <br />2. If the proposed Insured has or acquires actual knowledge of any defect, lien, encumbrances, adverse claim or <br />other matter affecting the estate or interests or mortgage thereon covered by this Commitment other than those <br />shown in Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, the Company <br />shall be relieved from liability for any loss or damage resulting from any act of reliance hereon to the extent the <br />Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose such <br />knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien, <br />encumbrance, adverse claim or other matter, the Company at its option may amend Schedule B of this <br />Commitment accordingly, but such amendment shall not relieve the Company from liability previously Incurred <br />pursuant to paragraph 3 of these Conditions and Stipulations. <br />3. Llability of the Company under this Commitment shall be only to the named proposed Insured and such parties <br />Included under the definition of Insured In the form of policy or policies committed for and 'only for actual loss <br />Incurred In reliance hereon in undertaking in good faith (a) to comply with the requirements hereof, of (b) to <br />eliminate exceptions shown in Schedule B. of (c) to acquire or create the estate or Interest or mortgage thereon <br />covered by this Commitment. In no event shall such liability exceed the amount stated In Schedule A for the policy <br />or policies committed for and such liability 1s subject to the insuring provisions, the Exclusions from Coverage and <br />the Conditions and Stipulations of the form of policy or policies committed for in favor of the proposed Insured <br />which are hereby incorporated by reference and are made a part of this Commitment except as expressly modified <br />herein. <br />4. Any action or actions or rights of action that the proposed Insured may have or may bring against the Company <br />arising out of the status of the title to the estate or interest or status or the mortgage thereon covered by this <br />Commitment must be based on and are subject to the provisions of this Commitment. <br />This Commitment shall be effective only when the identity of the proposed Insured and the amount of the policy or <br />policies committed for have been inserted in Schedule A hereof by the Company, either at the time of the issuance of <br />this Commitment or by subsequent endorsement_ <br />This Commitment is preliminary to the issuance of such policy or policies of title insurance and all liability and <br />obligations hereunder shall cease and terminate sic months after the effective date hereof or when the policy or policies <br />committed for shall issue, whichever first occurs, provided that the failure to issue such policy or policies is not the fault <br />of the Company. <br />In witness whereof, Ticor Tile insurance Company has caused this Commitment to be signed and sealed as of the <br />effective date of Commitment shown in Schedule A - <br />Issued by: <br />Meridian Title Corporation <br />202 South Michigan Street <br />suite 1000 <br />South Send, Indiana 46601 <br />(219)232-5845 <br />Au <br />rued Sly atory <br />Form 74-2T <br />Ticor Title Insurance Company <br />By <br />= . President <br />-:% 3 . Attesc <br />`�nrre�v�a�aa Secretary <br />