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described in the Agreement, and Title is not obligated to act except in accordance with the terms and <br />conditions of this Agreement. Title does not insure that the Improvements will be completed, nor <br />does it insure that the Improvements when completed will be in accordance with the Plans and <br />Specifications, nor that sufficient funds will be available for the completion, nor does it assume any <br />liability for same other than procurement as one of the conditions precedent to each disbursement. <br />Title has no liability for loss caused by an error in the certification furnished it hereunder as to work <br />in place. Title shall not be responsible for any loss of documents or funds while such documents or <br />funds are not in its custody. Documents or funds which are deposited in the United States mail shall <br />not be construed as being in the custody of Title. <br />11. Indemnification of Title. The Association agrees to indemnify Title against all <br />losses, claims, damages, liability and expenses, including without limitation costs and investigation <br />and legal counsel fees which may be incurred or imposed upon Title in connection with Title's <br />performance of its duties under this Agreement, including without limitation any litigation or other <br />non judicial proceedings arising from this Agreement or the subj ect matter thereo£ Notwithstanding <br />the foregoing or any other provision of this Agreement, the Association shall have no obligation to <br />indemnify Title in connection with Title's negligent performance of its duties under this Agreement <br />or breach of this Agreement. <br />12. Title and Escrow Charges. The Association shall pay to Title disbursing charges as <br />they are determined, together with real estate search update charges. The Association shall pay to <br />Title an administrative fee of not less than $250.00 (or more in the event of a non-routine draw, <br />which may be considered non-routine because of unresolved liens, insufficient proj ect or lien waiver <br />documentation, disputes between parties, etc.; provided that Title will agree to contact the City and <br />the Association in the event a non-routine draw occurs and will seek further instruction from the <br />City and the Association regarding the non-routine draw prior to imposing an additional fee)) per <br />disbursement, which along with any title search update and endorsement fees, are due and payable at <br />the time of funds disbursement. Title acknowledges receipt of the sum of $1,000.00 from the <br />Association as a deposit against such charges. <br />13. No IRS-1099 Reportin�bv Title. The parties acknowledge that the City shall be <br />responsible for creating, furnishing or reporting any IRS 1099 notices for any payments disbursed <br />under this Agreement. <br />14. Miscellaneous. This Agreement shall be binding upon the parties hereto and their <br />respective successors and assigns; provided, however, that Title may not assign its duties hereunder <br />without the prior written consent of the City and the Association. This Agreement can be amended <br />or modified only by a writing signed by the parties hereto. This agreement shall be governed by the <br />laws of the State of Minnesota. <br />15. Waiver. The City may, with notice to and written consent from the Association, waive any <br />or all conditions for disbursement set forth in this Agreement. However, the making of any <br />disbursement prior to fulfillment of any condition therefor shall not be construed as a waiver of such <br />5 <br />1 a�o6�ers <br />