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Conditions (continued) 4. Our Choices When You Notify Us Of A Claim After we receive your claim notice or in any other way learn of a matter for which we are liable, we can do one or more of the following: a. Pay the claim against your title. b. Negotiate a settlement. c, Prosecute or defend a court case related to the claim. d, Pay you the amount required by this Policy. e. Take other action which will protect you. r Cancel this policy by paying the Policy Amount, then in force, and only those costs, attorneys' fees and expenses incurred up to that time which we are obligated to pay. 5. Handling A Claim Or Court Case You must cooperate with us in handling any claim or court case and give us all relevant information. We are required to repay you only for those settlement costs, attorneys' fees and expenses that we approve in advance, When we defend your title, we have a right to choose the attorney. We can appeal any decision to the highest court. We do not have to pay your claim until your case is finally decided. 6. Limitation Of The Company's Liability a. We will pay up to your actual loss or the Policy Amount in force when the claim is made-whichever is less. b, If we remove the claim against your title within a reasonable time after receiving notice of it, we will have no further liability for it. If you cannot use any of your land because of a claim against your title, and you rent reasonable substitute land or facilities, we will repay you for your actual rent until: · the cause of the claim is removed or .. we settle your claim c, The Policy Amount will be reduced by all payments made under this policy-except for costs, attorneys' fees and expenses. d. The Policy Amount will be reduced by any amount we pay to our insured holder of any mortgage shown in this Policy or a later mortgage given by you. e. If you do anything to affect any right of recovery you may have, we can subtract from our liability the amount by which you reduced the value of that right. 7. Transfer Of Your Rights When we settle a claim, we have all the rights you had against any person or property related to the claim. You must transfer these rights to us when we ask, and you must not do anything to affect these rights. You must let us use your name in enforcing these rights. We will not be liable to you if we do not pursue these rights or if we do not recover any amount that might be recoverable, With the money we recover from enforcing these rights, we will pay whatever part of your loss we have not paid. We have a right to keep what is left. 8. Arbitration If it is permitted in your state, you or the Company may demand arbitration. The arbitration shall be binding on both you and the Company. The arbitration shall decide any matter in dispute between you and the Company. The arbitration award may: · include attorneys' fees if allowed by state law . be entered as a judgment in the proper court. The arbitration shall be under the Title Insurance Arbitration Rules of the American Arbitration Association. You may choose current Rules or Rules in existence on Policy Date. The law used in the arbitration is the law of the place where the property is located. You can get a copy of the Rules from the Company. 9. Our Liability Is Limited To This Policy Page 3 This Policy, plus any endorsements, is the entire contract between you and the Company. Any claim you make against us must be made under this Policy and is subject to its terms. American Land Title Association Residential Title Insurance Policy (6-1-87) CHICAGO 'fITLE JINSURANCE COMPANY {} By: .~~!~ Form 3663