Laserfiche WebLink
<br /> . ~r , .' <br /> . <br /> Conditions and Stipulations <br /> 1. The term mortgage, when u.ed herein, .hall include deed of tru.t, tru.t deed, or other <br /> security in.trument. <br /> 2. If the propo.ed In.ured has or acquires actual knowledge of any defect, lien, encum- <br /> brance, adverse claim or other matter affecting the e.tate or intere.t or mortgage thereon <br /> covered by this Commitment other than those .hown in Schedule B hereof, and .hall <br /> fail to dio;close .uch knowledge to the Company in writing, the Company shall be <br /> relieved from liability for any 10>> or damage re.ulting from any act of reliance hereon <br /> . to the extent the Company i. prejudiced by failure to .0 dio;close .uch knowledge. If <br /> the propo.ed In.ured .hall di.c1ose .uch knowledge to the C{)mpany, or if the Company <br /> otherwi.e acquire. actual knowledge of any .uch defect, lien. encumbrance, adverse <br /> claim or other matter, the Company at it. option may amend Schedule B of this Com- <br /> mitment accordingly, but .uch amendment .hall not relieve the Company from liabil, <br /> ity previou.ly incurred pursuant to Paragraph 3 of these Condition. and Stipulations, <br /> 3. Liability of the Company under this Commitment .hall be only to the named propo.ed <br /> In.ured and .uch partie. included under the definition of In.ured in the form of policy <br /> or policie. committed for and only for actual 10>> incurred in reliance hereon in under- <br /> taking in good faith (al to comply with the requirement. hereof, or (b) to eliminate <br /> exceptions .hown in Schedule B, or (c) to acquire or create the e.tate or intere.t or <br /> mortgage thereon covered by this Commitment. In no event .hall .uch liability exceed <br /> the amount .tated in Schedule A for the policy or policie. committed for and .uch <br /> liability i. .ubject to the in.uring provi.ion., the Condition. and Stipulation., and the <br /> Exclu.ion. from Coverage of the form of policy or policie. committed for in favor of <br /> the propo.ed In.ured which are hereby incorporated by reference and are made a part <br /> of this Commitment except a. expre>>ly modified herein, <br /> 4. Any claim of 105> or damage, whether or not ba.ed on negligence, and which arise. out <br /> of the .tatu. of the title to the e.tate or intere.t or the lien of the in.ured mortgage <br /> covered hereby or any action a.serting .uch claim, .hall be restrictl'd to the provision. <br /> and conditions and stipulations of this commitment. <br /> . <br /> ----- <br />