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CONDITIONS(Continued)
<br /> 2. CONTINUATION OF INSURANCE securing evidence,obtaining Weems,prosecuting or ung
<br /> The coverage of this policy shall confrere In force as of Date of Policy in the action or proceeding,or effecting setiement,and el)to any other
<br /> favor of an Insured,but only so long as the Instal raisins an estate or lawful ad that In the opinion of the Company may be necessary or
<br /> Interest in the Lend,or holds an obligation secured by a Kase money 'desirable to establish the The or any other matter as Insured.If the
<br /> Mortgage given by a purchaser from the Insured,or onlyso long as the Company Is prejudiced by the failure of the Insured to furnish the
<br /> Insured shell have liability by reason of warranties in any transfer or con- regaled cooperation,the Company's obligations to the hared under •
<br /> vayarnce of the Title.This policy stall not continue in force In favor of any the pokey slat laminate.klchrdng my label or Mitigation to defend. •
<br /> purchaser iron the Insured of either(I)an estate or klerest in the Land, prosecute,or continue any litigation,wbh regard to the natter or
<br /> or(tQ an obligation secured by a purchase money Mortgage given to the matters requiring such cooperation.
<br /> lamed. (b) The Company may reasonably require the Insured Claimant to submit
<br /> 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT Company exoneration under oath by any aWhaked representative of the
<br /> Company and to-produce for examination,Inspection,and copying,
<br /> The Inured shell notify the Company promptly In wring(I)in case of at such reasonable times and places as may be designated by the
<br /> arty l adorn as set forth in Section 5(a)of these Conditions,(k)in 'authorized representative of the Company,as records,In whatever
<br /> case Knowledge shall come to an insured hereunder of anyclaim of
<br /> modem malrtsined induct hook
<br /> Ing e,fadgers,ethacks,memoranda,
<br /> title or kdarest that is adverse to the Title,as Mural,and that might correspondence.report&a aaks,disks,tapes,and videos whether
<br /> cause loss or damage for which the Company may be Halite by bearing a dal before or after Date of Paley, that reason*y
<br /> vitae of this poky, or go if the The, all frrsased, is rejected as galea to the lass or damage. Further, if requested by any
<br /> lhsrarhalbia The. If the Company l'prejudoed by the failure of the authorized representative of the Company,the Insured Ciaimant
<br /> hewed Claimant to provide prompt notice,the Company's lability to shell grant Its permission, In writing, for any authorized
<br /> the Insured Claimant under the policy shall be reduced to the extent representative of the Company to examine,Inspect,end copy all of
<br /> of the prejudice. these records in the custody or eonbol of a third party that
<br /> reasonably pertain to the toss or damage.Al Information designated
<br /> 4. PROOF OF LOSS as confide nal by tie Insured Claimant provided to the Company
<br /> In the event the Company is triable to determine the amount of loss or pursuant to the Section-shall not be deposed to others unless,In
<br /> damage,the Company may,at its option,rerµlke as a condition of payment the reasonable Judgment of the Company, It is necessary In the
<br /> that the Insured Claimant furnish a signed proof of loss.The proof of loss administration of the Balm.Patwe of the insured Claimant to submit
<br /> must describe the defect, Hen,encumbrance, or other matter insured for examination under oath, produce any reasonably requested
<br /> against by this policy that constitutes the bast of loss or damage and kilometer, or grant permission to secure reasonably necessary
<br /> shell stab,to the extant possible,the basis of calculating the amount of information from third parties as required in this subsection,unless
<br /> the loss or damage. prohblted by tem or governmental regulation, shall terminate any
<br /> 5. DEFENSE AND PROSECUTION OF ACTIONS Hadley of the Company under this policy as to that dafm.
<br /> (a) Upon written request by the Insured,and subject to the options 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS;
<br /> contained inn Section 7 of these Conditions,the Company,at its own TERMINATION OF LIABILITY
<br /> cost and vlicut unreasonable delay,shall provide for the defense of In ase of a data under this policy,the Company shall have the following
<br /> an Insured In Ilfpefon in which any third party asserts a dawn covered addt[onal options:
<br /> by this poky adverse to the insured.This obligation is kneed to only (a) To Pay or Tender Payment of the Arlmunt of Insurance. To pay or
<br /> those stated causes of action alleging raters Insured against by • tender payment of the Amount of Insurance under ids policy together
<br /> Companythis poky.The ai all Insured a t►e to select counsel rf fts with any coats,attorneys'tees,■nd expanses incurred by the Insured
<br /> choice(subject lothe right
<br /> object for reasonable Claimant that were authorized by the Company up to the time of pay-
<br /> cause)to represent the enured as to those stated causes of action. ment or tender of payment and that the Company is obligated to pay.
<br /> It shall not be fable for and wet not pay the fees of any other counsel. Upon the exercise by the Company of this option,all liability and
<br /> The Company will not pay any fees,costs,or expensesincurred by obligations of the Company to the Insured under this policy,other
<br /> the enured in the defense of those causes of action that allege than to make the payment refitted in Ws ehbsection,Mal terminate, '
<br /> Mem not Viewed against by this policy. Including any liability or obligation to defend,prosecute.or continue '
<br /> ro) The Company shall have the right,in addition to the options contained any litigation.
<br /> . In Section 7 of these Condition,at Its omen cost,to institute and (b) To Pay or Otherwise Settle With Parties Other Than the Insured or
<br /> prosecute any action or proceeding or to do any other act that In Its VNth the insured Clalmart. •
<br /> opinion may be neonssay or deelrabie to establish the Tile,as Insured, (1) To pay or d herwise salt with other parties for or In the creme of
<br /> •
<br /> or to prevent or reduce lose or damage to the Insured.The Company an hewed Claimant any claim Insured against under this policy.
<br /> may take any appropriate action under the bens of this pricy,whether In addlon,the Company we pay any cost,attorneys'fees,and
<br /> . or not It shall be fable to the Inured.The exercise of these rights expanses Incurred by Vie insured Claimant that were author-
<br /> • sial not be an adnhlalon of kabkigr or waiver of any provision of tis Ind by the Company up to the time of payment and that the
<br /> policy.If the Company exercises is fights under this subsection,It Company is obligated to pay;or
<br /> (c) Whenever Company brings an action or asserts a defense as must do so Monty. nil To
<br /> pay or otherwise seine wider
<br /> the Insured Cher with
<br /> aloss or f
<br /> required or permitted by this pokey.the Company may pursue the provtdal for expenses tis policy,together Insured any costs.
<br /> litigation b a Aral determination fees. incurred by the Claimant
<br /> by a court of competent jurisdiction, that were authorized by the Company up to the time of payment
<br /> arid H expressly reserves the right,in is sole disereton,to appeal and that Ina Company le obligated to pay.
<br /> any adverse*reporter order. Upon the exordia by the Company of either of the options provided
<br /> for th subsections.(b)(i)or(I),the Conpany'e obligations to the
<br /> 6. DUTY OF INSURED CLAIMANT TO COOPERATE Mewed under this poky for the daimed loss or damage,other than •
<br /> (a) In all oases where itis policy permits or requires the Company to the payments required to be made,shall terminate,Including any
<br /> prosecute or provide for the defense of any action or proceeding lability or obligation to defend,prosec te,or comma any litigation.
<br /> i. and any appeal.eaInsured shall secure to the Company the right
<br /> ,,:.,' to so prosecute or provide defense in the action or proceeding, 8. DETERMINATION AND EXTENT OF LIABILITY •
<br /> including to right to use,a its option,to name of the band for tis This policy is a conked of indemnity against actual monetary loss or
<br /> purpose.Whenever requested by the Company,the Insured,at the damage sustained or Incurred by the hexed Claimant who has suffered
<br /> Company's expense,shalt give the Company all reasonable all(I)in loss or damage by reason of matters insured against by Iris policy.
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