HomeMy WebLinkAboutMitchell, D.R. - Survey of the Levy Grant on Lake Jessup 2002 01 11 a
SCHEDULE A
OWNER'S POLICY
SCHEDULE A
AGENT FILE NUMBER: POLICY NUMBER: SDC 419944
ORT FILE NUMBER: 01113288 AMOUNT: $ 9,200.00
1. Policy Date: January 11, 2002, at 3:46 p.m.
2. The Insured hereunder, in whom title to the fee simple estate is vested at the date hereof, is:
The City of Winter Springs, Florida
3. The land referred to in this Policy is situated in the County of Seminole, State of Florida, and
described as follows:
That part of the Unnumbered Lot in Block `B", D.R. MITCHELL'S SURVEY OF THE
LEVY GRANT ON LAKE JESSUP as recorded in Plat Book 1, Page 5 of the Public
Records of Seminole County, Florida, more particularly described as follows:
Commence at the Southeast corner of Lot 30 Block`B",D.R.MITCHELL'S SURVEY OF
THE LEVY GRANT ON LAKE JESSUP said point being the intersection of the West Right
of Way line of Tuscawilla Road(formerly Brantley Avenue)and the North Right of Way line
of First Street (a 30 foot unopened Right of Way); thence run S 30°04'55" W a distance of
30.61 feet to the intersection ofthe West Right of Way line of Tuscawilla Road and the South
Right of Way line ofFirst Street;said intersection being the POINT OF BEGINNING;thence
continue S 30°04'55" W along the West Right of Way line of Tuscawilla Road a distance of
80.89 feet to the point of cusp of a curve concave Northwesterly having a radius of 15.00 feet
and a chord bearing of N 11°54'34" E;thence run Northeasterly along the arc of said curve
through a central angle of 36°20'43" for an arc distance of 9.52 feet to a point of tangency;
thence N 06'15'47" W a distance of 59.58 feet to the point of curvature of a curve concave
Southwesterly having a radius of 15.00 feet a chord bearing of N 33°29'40" W; thence run
Northwesterly along the arc of said curve through a central angle of 54°27'44" for an arc
distance of 14.26 feet to a point of tangency;thence N 60°43'32"W a distance of 40.41 feet
to the South Right of Way line of the aforementioned First Street; thence S 71"24'05" E
along said South Right of Way line for a distance of 92.78 feet; to the Point of Beginning.
Containing 0.0471 acres more or less.
THIS POLICY VALID ONLY IF SCHEDULE B IS ATTACHED.
�m
d
SCHEDULE B-PART I
AGENT FILE NUMBER: POLICY NUMBER: SDC 419944
ORT FILE NUMBER: 01113288
This policy does not insure against loss or damage by reason of the following:
1. General or special taxes and/or assessments required to be paid in the year 2002 and subsequent
years.
2. Any adverse ownership claim by the State of Florida by right of sovereignty to any portion of the
lands insured hereunder, including submerged, filled and artificially exposed lands and lands
accreted to such lands.
3. State road reservations, if any.
4. Oil, gas and mineral right reservations, if any.
5. General or special taxes and assessments required to be paid in the year 2002 and subsequent
years. No(s).: 26-20-30-5AR-OB00-00UO
6. Any lien provided by Chapter 159, Florida Statutes,in favor of any city,town,village or port authority
for unpaid service charge for service by any water,sewer or gas system supplying the insured land.
7. Easements or claims of easements not shown by the public records.
Owner's Policy
American Land Title Association Owner's Policy 10-17-92
with Florida modifications
Policy Number SDC 419944
SUBJECT TO THE EXCLUSIONS FROM COVERAGE,THE EXCEPTIONS FROM COVERAGE CONTAINED
IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS,
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY,a Minnesota corporation, herein called the
Company, insures,as of Date of Policy shown in Schedule A,against loss or damage,not exceeding the Amount of Insurance stated in Schedule A,
sustained or incurred by the insured by reason of:
1. Title to the estate or interest described in Schedule A being vested other than as stated therein;
2. Any defect in or lien or encumbrance on the title;
3. Unmarketability of the title;
4. Lack of a right of access to and from the land.
The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title,
as insured, but only to the extent provided in the Conditions and Stipulations.
IN WITNESS WHEREOF,the said Old Republic National Title Insurance Company has caused its
corporate name and seal to be hereunder affixed by its duly authorized officers as of the date shown in Schedule A,the policy to be valid when
countersigned by an authorized officer or agent of the Company.
Issued through the Office of.' OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
A Stock Company
Brown, Ward, Salzman & Weiss, P.A. 400 Second Avenue South,Minneapolis,Minnesota 55401
Box 2873 (612)371-1117 _..
Orl ,s do, Florida 32802 X
:.. � ��
President
i ..
Authorized Signatory
(407) 425-9566
ORT Form 331 ALTA Owner's Policy 10-17-92
with Florida modifications Attest ° Secretary
^ ~ .
Ueqm pue uo!jon ]u venneo pnlels nnoqA ou va pmnnui nq! lunamdm poinmu! ue /4 palodmi nq6nm qo!qm noqou m eOpeywnu �Aljomjsuou
o« (eoneo a|qeuoone jolloe�o c4 p�neui aq4jo lqUp oqu �� mu 'e8pe|wmuj |en�e �.� ,mou� /o .�Upm|muu , (o)
�e�na) eo!oqo �! jo |nounoolun|em uul48p nqAwmq Uoqo /medmo3 -aOomepm noo| bu!m!ap painau! ue :.Juew!e|n painou!, (q)
nql Ao!|od u!ql6q Isu!ebe penou! jejjam /eqlo m euuejqmnoue -moaommnn &e!nnpym elejmboo m 'u!q jo lxou 'mm4elueamdej
m un!| '13@4ep a Ou!de||ouo!jomy, aaone3pnlelse:oqlcuoe6|uo |ponmed 'SJox!^mo 'aeen!map 'oeeunq!jjs!p 'm!eq 'nupel!m!| luuinq
znq 'painoui ooisaja4u! m a141eqj01amaxpem!ape ouexoe6lied 'Ou!pn|oui eomq3jnd mm4pequ!nUu!js!poewe| jouuijejedo6q poinxui
pj!q\ 6un qo!qm ui uo!le8!4| ui pmnnu! un Jo nuuo4ep eq4J�49p!xmd pemeu eqj jolsojnju! eqj ol pn000nu oqmexuqj 'p@jnau! pemeu
|1eqo 'Ae|ep e|qeuooamun inoqqm PUB isoo u*m oV )m %uadmo3 eql eqjIau!nUe pnq weq p|nmw6u»dmo3 nqj ueauejapm slqO|j 6ue
'u«n!lo}nd!lD pun auu!4puo3 nneql jn Q uu!x)eS ui peu!nuuoo nunpdn ol 138.fqna 'pue 'Va|npeqoS ui pnmou pemuu! eqj:,pemuu!, (a)
6 d 0
e�� ou �e�no pue pmnmu! eq}6q �enbm u��!/muod8 (e) �unnm o!|o u!�� u! peon uaqm ouuu\ u!moUol oqj
-,qjejadoo3 9=91 /uUQU«yaD '/
u/ jueuYoDpamcul joxunD .'»»u4»V/» «»4»»e»ojj pue u«mge0 p SNO|lVlU6|lSONVSNO|UONO3
*o!pn'eudeql joluelxeeqjol6|uoueql PUB eun|!ejo4j6q -m4panue!|jomemOpn[ejoen|nx
peo!pn[md eq ||equ 6uedmo] eql ooa|un Ao!|od s!ql japun Pmnuui 6ua jul/exnqnjndeoleo!louliedm!oluu!lepiooa/qonu|o (!!)
jo alqD!j nqleo!pn[md e000 uu u! ||eqoAuedmo3 n4j64!jnu ol ojnUej /o'je|oue4joluamn4ou! aqjpjuoei6|am!lnl (!)
leql 1exemoq 'pep!mud 'paj!nbaj o! au!luu »dmmd qu!qw jcY mallew :oun|!e4eqlmmjal|nnmJ*4auejj|e!lumejmd
mje4om eql ou pinbei ql!malau!uuea UeqoAuadmo3 eqjj» Aj!|!qo!| eqloje4mldaox@/ajsue4|equmaja/depamaepDu!eq6u!|od
lie pmnou! eqjolneupql 'Auodmo3nql01uex!0eqlouUe4ueo!jou »!ql64paunuu!la@jalu!joeleiseeqlOu!lnmuuo!zoeouegeqj (q)
»dmmdAn|qoja�jomunoopeloefajo! 'painou! oe1Ismeju! mnuelsn ju'jo;sumlme|npna4meouLIAaxuooVue|npnm]epemenpbu!eq6o!|od
aq4oln|qjy (!!!) m 'h!|odoiql junnu!«Aq a|qn!| eq6am /mndmo3 a!ql6qpe/nmu!iuealu!/ooleleeqlbu!}omouo!loeoumleql (a)
eql qo!qwjoj e8emop m oan| eoneo jq8!m qo!4m pum 'Pmnou! :uupennqn!joq4'mwn|o\qU!j
oe 'ISOJOlu! molelsoeqjmn|1!1n4jo« eSIe«pen! 4n!4mISmauu! .mou!pouoJg|!m!um'Aoue^|oau!ounlo'6oldnijunq |mepeljouo!jaedo
m a|l!l �o m!e|u Auo �o jepunmeq pmnoui ue cl emoo ||n4o ebpe|wmu� o4|yzuomem6q'Am!|uda!ql6qpounuu!lom@lu!m@Ielsaeqlpenuu!
eueou! (!!) 'mo|oq (e)Vuu!jonSu! qu»]lnnam «n!lnO!q| 6un1» eun» eqAu!8u!ISaxuo!j3nououjeql jninoxeo!joqo!q«o'm!o|o6uV -V
u! (!) 5u!4jm u! A|idmmd 6uedmo3 eql A4!jou ||n4o painou! eql -Ao!|od o!ql Aq painuui isojejui
lueu!e1J pmnnul Aq unx.ID nq uz «Yelj/» eo4qN -E m eoelse eqj joj nn|ex p!nd peq lunm!n|o painmui nql j! pau!elsna
-pmnnui aql 01uax115 eUeOpom ueeq emeq jou p|nmmqo!qxxabomapm oao| u! 8u!l|nom (e)
6nuom eaaqond o6q pmnoeo oueupelqepu! ue (!!) m 'puo| nqj m '6o!|o6 jn opaO culuenbevqnx 8u!lemm 8u!qonllm (p)
u! lse@lN! /o a4elsa ue (!) jeqqejo p@jnoui eq! mo4jeueq3jnd 6ue 1unm!ep painuui equ c4 o8oaepjo oon| ou u! bu!qno@j (y)
Jo Joxn u! emc4 u! enu!luoozou Unqu 6o!|od o!ql -Isaiemi jo equlse 6x!|od o!qjmpun pmnuui ue amoneq lunm!e|o poinoui aql eugp mql
eql jo aoue6mm03mJsjoua86ue ui pmnaui aql6q epem 6luejjmwjo ol joud !uam!op paincu! eqj6q 6uedmo3 eqj cl #u!l!/mu! peoo|oo!p
omeummo �o uona� 6q g!|!qn!| omsq ||eqo pmneu! nq� oo Uuo| oa 6|uo mu puo �unm!n|o p�nou! eqloauwmu4 �nq �110J10 OlaO le nPJ038J
ju 'pmnuui oqlmmj jeueqojnd e6q uam!O e15e[4mm Aaunm emeqojnd o!|qnd eqju! pepjoom jou 'Auedmo3 nql o4uxxoul jou (q)
o6qpmnoeaooeupa\qepu! uoop|nqm 'pue| eqlu! lsmelu! joeVeise '»uom!n|o
ue mu!e!@j pmnoui eqj oo Ouo| na A|un pmnnui ue 10 J0Aej u! 601106 pmnmu! aqj A4 ou paaUejo pemnaoa 'pajajjno 'pa4emo (e)
jo e«oO jo nnmuc4u! enu!luoo UeqoAh!|od o!qujo e8m8A03 eql :mupem Joqjom nm!e|o eSJexpn 'oeoumqmnnue 'oue!| 'sloe4eO %
a1jU Jo enueAaxuqj/eAV eoumnmVjo un4en4punJ -,7 -eUpa|wmq inoqqm eo|em
-e11!1o|qnja4jom mjmae4omdojo «lqb!jnqluoUu!pu!qeqp|nomqo!qm6o!|n610
10 AJe«!|ep eql Du!4nbei uo!q �
puoo |enl� luoo njo nnj4« 6q enmqmnd eueO /4m!�d P�j»»uo »*4 4o!4«« bu!qc46ue e8�exon mmj 8u!pn|mm
oluo!leO!|qo eq4mmjpeoee|eu eqol Ve|npaqnS ui peqponep joumq Yj!|n6jo oleo oa opoom »!|qnd eqlu! pnpiom uneq oeq
ismeu«! mOle Isneql jojeaoqojndoe|liluep|nmwqo!qm 'eOmnmm |naueqleu!oa»ea4j /o »»!lounne|uno!amopjueo!mejosjqU!H -Z
mqp@ldemm /opapn|oxelou 'pue| eqjole|qleqjbu!l3elje fo!|o6 ]» o«nO
Aoiiemiumnddom poOo||o ue �.�|q� eq44) /b!|!qolo1jomun, (U) le »PA039i o!|Qnd e4lu! Pepjooaj ueoq oe4 Pue| a4l bu!l3@11e uo!jn|n!x
-pejnoo| n! pum|eqjqo!4mu!jo!4n!peqjm1 lino3 Pe§e||em «o!je|«!« emq8«!l|noeAeuumqmnoue /oue!| 'loolep * jo
zown!On«mSpeu!uOaqi]ain|xeq)jonpunuajeqiu! Pon mue!| e3!lounjojomn4lee!oaxae4j joeu!jouepaqujualxaeqlo0ldemm
u«!loelud |euuemum!m/e epn|uu! oo|e Ueqc .,spioum u!|qnd, 'e5eJax03 'em»qo (a) 6q pePn|oxe jou /emod ao!|od |omemmBA086uV (q)
mm�»uo!»»|nw� e4��o(x!)(e)iuo!�ueSuu�oedoe� q�!8K�aUpe|mou� �o!|»6jn elnO le u�ou� o!|qnd eqj u! Pe�oom uaaq aeq puo| eql
jnoq4m pue en|amJ01menoqajnd ol Aiedmd |em oldu!ln|� ma�em 8u!ln�Ue u»!Vo|o!xpeUnUnm m uo!�o|o!« o mjUu!Ano� eou�qmnoue
J» eo!1ou e«!�onj�uuo 0u!undm! /o anodbnd nqljo} 6o!|oJ ]o oueO Jo «a!| �p�aP aju eo!!ou o m jo�eq4jueme��ua e�A ]o eo!jou
�
le neunje e�� japun peqo!|q�seo�oo� :.p�oom o!|qnd, (j) elo4l juele eql cu »dnnxe 'ouo!oa|n8eu |nuuemuJ�oMm neouam!�o
�uomn4au! /b!mnno 'amn| »oa4l 1» «o!lo|o!« Aua ]u ��4pae4j /o 'uo!Ae4md |ejuemum!xue
�eq4o m 'peep �on4 '�m� �� peep 'e8eU�om �.�8pU�om, (e) («!) �o �ued o vomm ai puo| eqj qo!qmjo |eood 6uam pun|
-Au!|od o!qj Aq pounoui o! pue| e4zjo emnm nuo!auem!p e4n ui eOunqo nm d!qmaumm ui uo!jmndnm
eql mmj pue o) ooeoonjolqbp e qo!qmol4/alxn eql4m!| m64!pom o (!!!) 'P«e| e4l «o p�0me JeoJn�nqmwmu Juemaxodm! 6ue
Uequ u!�eq Ou!��ou mq 'nAeminumwm n&om 'ooum| '�oUm 'nnnumm yo «o!leoo| m auo!u«em!p 1@loejeq3 aqj (!!) 'pue| 9qA ]oluam6o.luejo
'npem 'maa4o bu!lInqe ui juemeoeejo alzise 'Isajouu! 'e|qj 'Iq8!j 'eo» Yuumd»o»» oq1 (!) m O«!la|� m Uu!qq!4md 'bu!oa|n8� 'Ou!�!4ae
6uemu 'Ve|npequ8 u! o4p�je�jm peq!jooepemeoq1 (o«o!)o|»U� m 'aeoue«!�o 'mmo| Ou!uoz pun Ou!p|!nq o| pel!m!| )uu
]» oeu!| equpu�aqA�odmd6ueepn|uu! Nu neop ,puaL mjaueql inq Uu!Pn|ou!) uou|n8ej |BIuomuJOA05me3uou!P10 )we| 6uV (o) 'i
-Aijndmd |om eunlpauou me| 6q qo!qxx 01@Joql pex!jpo SJuemexodm! :|n uonnoi 6q aouo6am qo!qm oecuedme jo moa4 s6emo8e
'�000 'e8emapm noo| 6nd jou U!mAuodmoJ eqj pun Ao!|od o!q4/o
pue 'V a|npequS u! o0 pauajm m peq!�ouep pun| e4! ..^pumL (p)
-pua| eqj Ou!z,9Ae mejjem yo ao!»ou ax!lomsuuoliedm! qu!qmmpjoom eUme»o» a4jmmjpaP»|oxe6|mmaidxe me ma4om 8u!wmU(4eql
joqlo6uem /u!|od o!qlu! pou!�epoonpionm o!|qnd e4jyz uoome6q 39VU3NO3 AOUJ SNO|SOl3X3
not° be liable for and will not pay the fees of any other counsel. The and memoranda in the custody or control of a third party, which
Company will not pay any fees, costs o, axpanuma incurred by the reasonably pertain to the loss or damage. All information designated
insured in the defense udthose oouuea of action which allege matters as confidential by the insured claimant provided tu the Company
not insured against by this po|icy pursuant to this Section nhoU not be disclosed to others un|nou' in
(b) The Company shall have the right, at its own cost' to the reasonable judgment of the Company, it is necessary in the
institute and prosecute any action or proceeding or to do any other administration of the claim. Failure of the insured claimant 1nsubmit
act which in its opinion may be necessary or desirable toestablish for examination under oath, produce other reasonably requested
the title to the estate or interest, as insured, or to prevent or educe information or grant permission in secure reasonably necessary
|oxo or damage tothe insured. The Company may take any information from third parties as required in this paragraph shall
appropriate action under the terms of this policy, whether or not it terminate any liability of the Company under this policy as to that
oho|| be liable hereunder, and shall not thereby concede liability or claim.
waive any provision of this po|icy. If the Company shall omanine its
6 Options to Pay mOtherwise Settle Claims; Termination of
rights under this paragraph, it shall do ou diiigan1|y. 1iabildy.
(c) Whenever the Company shall have brought an action or In case of o claim under this policy, the Company shall have the
interposed a defense ao required orpermitted by the provisions of following additional options:
this policy, the Company may pursue any litigation tofinal
k To Pay or lender Povment o/ the Amount of |naumnoa
determination by a court of competent jurisdiction and axpmuu|y To pay or payment of the amount of insurance under this
reserves the right in its moia discretion, 10 appeal from any adverse policy together with any attorneys' fees and expenses incurred
judgment ororder.
by the insured claimant, which were authorized by the Company, up to
(d) In all canon where this policy permits or requires the the time of payment or tender nf payment and which the Company is
Company to pmuocu10 or provide for the defense nf any action or obligated to pay
proceeding, the insured shall oouum to the Company the right to so Upon the mmmi»e by the Company of this option, all liability and
pm:oouto or provide defense in the action or proceeding, and all obligations to the insured under this policy, other than to make the
appeals therein, and permit the Company to use, at its option, the payment required, ohe|| turminutu, including any liability orobligation
name of the insured for this purpose. VVhunmmr requested by the to defend, prosecute, or continue any litigation, and the policy shallCompany, the insured, at the Company's expense, ohoU give the
be surrendered 0othe Company for cancellation.
Company all reasonable aid (i) in any action orproceeding, securing
(b) To Re or O�horvvioa Sa�|a With Re�ieo Other than the
avidanue, obtaining witnesses, prosecuting or defending the action or - ^ ' - - ------
In--red— or —h the Insured Claimant.
proceeding, ur effecting settlement, and (ii) in any other lawful act
(i) to pay or otherwise settle with other parties for or in
which in the opinion of the Company may be necessary or desirable (i)
name of an insured claimant any claim insured againstunder�hio
0oe�ob|iuh the title to the estate orin1e�� aninmumd |fthe� policy, together vvith any costs, attorneys' fees and expenses incurredCompany in prejudiced bythotai|u� of the insured 0n furnish the by the insured o|aimankvvhiuhwe� authorized by the Company up to
required cooperation, the Company's obligations tothe insured under the policy shall terminate, including any liability or obligation tu the time of payment and which the Company in obligated topay;
or
(i i) 10 pay or otherwise ue�|ewhhth� insured claimantdefend, prosecute, or continue any |itigation, with regard to the the |oou or damage provided for under this policy, tog�hervvith any
matter or matters requiring such cooperation. msts, attorneys' fees and expenses incurred by the insured claimant
5. Proof o/Loss or Damage. which were authorized by the Company up to the time of payment
In addition to and after the notices required under Section 3 of and which the Company is obligated to pay.
these Conditions and Stipulations have been provided the Company, a Upon the axamixa by the Company of either nfthe options
proof of |nmo or damage signed and nwomto by the insured claimant provided for in paragraphs (b)(i) or (ii)' the Company's obligations to
uho|| be furnished to the Company within QO days after the insured the insured under this policy for the claimed |onn or dumega, other
claimant shall ascertain the facts giving rise N the loss ordamage. than the payments required toba made, shall terminate, including any
The proof of |oao or damage shall describe the defect in, or lien or liability nrobligation to defend' pmaauuto or continue any litigation.
encumbrance on the tit|a, or other matter insured against by this
policy which constitutes the basis of loss or damage and shall state, 7 Dm�m����»» Extent of Liability.
0o the extent possible, the basis of calculating the amount of the loss Thiu0o|icYimacun1�ctofindomni�yegain� a�ua| mon��ry
ordamnQe. |fthe Compeny ia prejudiced bythetai|um ofd'e insured |oau urdamage sustained ur incurred bythu insured c|eimawLvvho
claimant to provide the required proof of |noa or damage, the has suffered |000 or damage by reason of matters insured against by
Company's obligations tuthe insured under the policy shall terminate, this policy and on|y �nthn extent herein doacribed�
including any liability or obligation to defend, prosecute, or continue (u) The liability of the Company under this policy shall not
exceed the least of:
any litigation, with mga� tothe ma�arorma�am requiring such
proof of loss or damage. (i) the Amount of Insurance stated in Schedule A, or,
(ii) the difference between the value of the insured estate
In addition, the insured claimant may reasonably be required to
or interest ao insured and the value of the insured amtaia or interest
submit to examination under oath by any authorized representative of
the Company and shall pmdurehorexeminotinn. inspection and subject to the defect, lien or encumbrance insured against by this
copying' at such reasonable times and places as maybe designated policy.
by any authorized representative of the Company, all records, books, (b) The company will pay only those costs, attorneys' fees and
expenses incurred
ledgers, cheuku, correspondence and memoranda, whether bearing a
incurred in accordance with Section 4 of the Conditions and
date before or after Date of Policy, which reasonably pertain tothe Stipulations.
|oun or damage. Further, if mquau1ad by any authorized representative 8 Apportionment
of the Company, the insured claimant shall grant its permission, in If the land described in Schedule A consists of two or more
writing, for any authorized representative of the Company to examine, pome|o which are not used as a single site, and a |uou is established
inspect and copy all records, books, |edgem, checks, correspondence affecting one or more of the parcels but not all, the |oon shall be
computed and settled on a pro rata basis as if the amount of If a payment on account of a claim does not fully cover the loss
insurance under this policy was divided pro rata as to the value on of the insured claimant, the Company shall be subrogated to these
Date of Policy of each separate parcel to the whole, exclusive of any rights and remedies in the proportion which the Company's payment
improvements made subsequent to Date of Policy, unless a liability or bears to the whole amount of the loss.
value has otherwise been agreed upon as to each parcel by the If loss should result from any act of the insured claimant, as
Company and the insured at the time of the issuance of this policy stated above, that act shall not void this policy, but the Company, in
and shown by an express statement or by an endorsement attached that event, shall be required to pay only that part of any losses
to this policy. insured against by the policy which shall exceed the amount, if any,
9. Limitation of Liability. lost to the Company by reason of the impairment by the insured
(a) If the Company establishes the title, or removes the alleged claimant of the Company's right of subrogation
defect, lien or encumbrance, or cures the lack of a right of access to The Company's
s Rid°lhts Against Non-Insured Obligors.
or from the land, or cures the claim of unmarketability of title, all as pangs right of subrogation against non-insured obligors
insured, in a reasonably diligent manner by any method, including shall exist and shall include, without limitation, the rights of the insured
litigation and the completion of any appeals therefrom, it shall have to indemnities, guaranties, other policies of insurance or bonds,
fully performed its obligations with respect to that matter and shall notwithstanding any terms or conditions contained in those instruments
not be liable for any loss or damage caused thereby. which provide for subrogation rights by reason of this policy.
(b) In the event of any litigation, including litigation by the 14. Arbitration.
Company or with the Company's consent, the Company shall have no Unless prohibited by applicable law,arbitration pursuant to
liability for loss or damage until there has been a final determination the Title Insurance Arbitration Rules of the American Arbitration
by a court of competent jurisdiction, and disposition of all appeals Association may be demanded if agreed to by both the Company
therefrom, adverse to the title as insured. and the insured.Arbitrable matters may include,but are not
(c) The Company shall not be liable for loss or damage to any limited to,any controversy or claim between the Company and
insured for liability voluntarily assumed by the insured in settling any the insured arising out of or relating to this policy, any service of
claim or suit without the prior written consent of the Company. the Company in connection with its issuance or the breach of a
10. Reduction of Insurance; Reduction or Termination of Liability policy provision or other obligation.Arbitration pursuant to this
All payments under this policy, except payments made for costs, policy and under the Rules in effect on the date the demand for
attorneys' fees and expenses, shall reduce the amount of the arbitration is made or, at the option of the insured,the Rules in
insurance pro tanto. effect at Date of Policy shall be binding upon the parties.The
11. Liability Non-cumulative. award may include attorneys fees only if the laws of the state in
It is expressly understood that the amount of insurance under which the land is located permit a court to award attorneys fees
this policy shall be reduced by any amount the Company may pay to a prevailing party.Judgment upon the award rendered by the
under any policy insuring a mortgage to which exception is taken in Arbitratorls)may be entered in any court having jurisdiction
Schedule B or to which the insured has agreed, assumed, or taken thereof.
subject, or which is hereafter executed by an insured and which is a The law of the situs of the land shall apply to an
charge or lien on the estate or interest described or referred to in arbitration under the Title Insurance Arbitration Rules.
Schedule A, and the amount so paid shall be deemed a payment A copy of the Rules may be obtained from the Company
under this policy to the insured owner upon request.
12. Payment of Loss. 15. Liabililty Limited to this Policy; Policy Entire Contract.
(a) No payment shall be made without producing this policy (a) This policy together with all endorsements, if any, attached
for endorsement of the payment unless the policy has been lost or hereto by the Company is the entire policy and contract between the
destroyed, in which case proof of loss or destruction shall be insured and the Company. In interpreting any provision of this policy,
furnished to the satisfaction of the Company. this policy shall be construed as a whole.
(b) When liability and the extent of loss or damage has been (b) Any claim of loss or damage, whether or not based on
definitely fixed in accordance with these Conditions and Stipulations, negligence, and which arises out of the status of the title to the
the loss or damage shall be payable within 30 days thereafter. estate or interest covered hereby or by any action asserting such
claim, shall be restricted to this policy.
13. Subrogation Upon Payment or Settlement. (c) No amendment of or endorsement to this policy can be made
(a) The..Comp)_
. paRii ht of Subrogation. except by a writing endorsed hereon or attached hereto signed by either
Whenever the Company shall have settled and paid a claim the President, a Vice President, the Secretary, an Assistant Secretary, or
under this policy, all right of subrogation shall vest in the Company validating officer or authorized signatory of the Company.
unaffected by any act of the insured claimant. 16. Severability.
The Company shall be subrogated to and be entitled to all In the event any provision of the policy is held invalid or
rights and remedies which the insured claimant would have had unenforceable under applicable law, the policy shall be deemed not to
against any person or property in respect to the claim had this policy include that provision and all other provisions shall remain in full
not been issued. If requested by the Company, the insured claimant force and effect.
shall transfer to the Company all rights and remedies against any
person or property necessary in order to perfect this right of 17. Notices, Where Sent.
subrogation. The insured claimant shall permit the Company to sue, All notices required to be given the Company and any statement in
compromise or settle in the name of the insured claimant and to use writing required to be furnished the Company shall include the number of
the name of the insured claimant in any transaction or litigation this policy and shall be addressed to the Company at its home office,
involving these rights or remedies. 400 Second Avenue South,Minneapolis,Minnesota 55401,(612)371-1111.