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COMMITMENT CONDITIONS 1. DEFINITIONS (a). "Knowledge" or "Known"'. Actual or imputed knowledge, but not constructive —notice imparted .by the Public Records,: (b) "Land"` The land described in Schedule. A and affixed improvements that by constitutereal property. The term "Land" does not include any properly beyond the lines of the area described in Schedule Aj. nor any right, title, interest, estate, or easement in abutting streets roads avenues aIle, Ys . lanes ways, s 'or waterwaY, s . but this does not modify or limit the extent ( that a. right of access to and from the Land is to be insured by the policy. (c) "Mortgage":.A mortgage,.deed of trust; or other secu rity I nstru men t,. including. one evidenced by electronic means authorized by law. ed). "Policy": Each contract -of title insurance, in a form adopted by the American Land. Title.Assoclation, issued or to be issued by the Company pursuant to this Commitment, (e) "Proposed Insured": Each person identified in Schedule A as the Propose d.Iusured of each Policy to he issued. pursuant to this Commitment. (f) "Proposed Policy. Amount": Each dollar amount specified in Schedule A as the Proposed Policy Amo.unt.of each Policy to be issued pursuant to this Commitment. (g) ".Public Records.": Records established'under state statutes at the Commitment Date for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without.Knowledge: (h) "Title": The: estate. o r interest described in Schedule A. 2: If all of the Schedule B, Part I--Requ!rem ents have not been met within the time period specified in the Commitment to Issue Policy; this Commitment terminates and the Cornpany's..IIahility.and obligation end. 3. The Company's liability and. obligation is limitedby and this Commitment is not valid without: (a) the Notice; (b) the. Commitment to Issue Policy;. (c). the Commitment Conditions;. (d) Schedule. A. (e) Schedule S, Part.I=Requirements;.:and (f) Schedule B.; Part II —Exceptions. 4. COMPANY'S RIGHT TO AMEND The Company may amend this Co#nmitment.at any time. If the Company amends this Commitment to add a defect, lien; encumbrance, adverse claim, 0r other matter recorded in the Public Records prior to the Commitment Date,. anyiiabilityof the Company is ilmited by Commitment Condition 5. The Company shall not be liable for any .other amendment to"this Commitment. S. LIMITATIONS OF LIABILITY (a) The Company's liability under Commitment Condition 4 Is limited. to the Proposed. If! sured's actual expense incurred in the interval between the Company's delivery to the Proposed Insured of the Commitment. and .the delivery of the amended Commitment, resulting from the Proposed Insured's good faith reliance. to: () comply With the Schedule B, Part.I—Requirements; (ii) eliminate, with the Com.pa.ny's written consent, any Schedule 8, Part II—Fxceptions; :or (III) acquire the Title or create the Mortgage covered by:this Commitment. (b) The Companyshall not be liable under Commitment Condition 5(a) If the.Proposed. Insured requested the amendment or had: Knowledge of the. matter and did not notify the Company about it in writing. (c) The .Company will only -have liability under Corr mitment.Condition 4 if the Proposed Insured would not haveincurred the expense had the Commitment included %the added matter when the:,Commitment was 'first delivered to.. the: Proposed Insured. (d) The Company's liability shall not exceed the lesser of the Proposed Insured's actual expense incurred in good faith and described. in. Commitment Conditions S(a)(i) through 5(a)(iii) or the Proposed. Policy Amount: (e) The Company shall not be liable for the content of the Transaction Identification Data, if any. (f) In.no event shall the Company be. obligated .to issue the Policy referred to in this Commitment unless..aII of the, Schedule B; Partl-RequIrements'have been Met to the satisfaction of the Company.. (g) In anyeve nt, the Company's IlabI]ity is limited by the terms. and provisions of the Policy. This page is.nnly a part of a 2016.ALTA0. Commitment for title Insurance kuued:by first American TiVe Insurance Company. 777is Commitment is not. valid without the Notice• the Commitment to Issue.Polkr the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B; Part II -Exceptions Copyright 2006-2.016 American Land Title Assaciation. All rights reserved. The use of this Farm (or any derivative thereof) is restricted to.ALTA licensees and ALTA members in good standing as of the date of use. Ail. other uses are. prohi bited. Reprinbed. under Iipense from the American Land Title. Association. ge 2 of 8 1 ALTA Commitment for Title .Insurance (8-I