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4.5. SR 10-16-2017
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4.5. SR 10-16-2017
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First American Title Insurance Company <br /> <br />= <br /> <br /> Commitment Page 3 <br />File No. 1468049 <br /> <br /> <br />INFORMATION <br /> <br />The Title Insurance Commitment is a legal contract between you and the company. It is issued to show the basis on <br />which we will issue a Title Insurance Policy to you. The Policy will insure you against certain risks to the land title, <br />subject to the limitations shown in the Policy. <br /> <br />The Company will give you a sample of the Policy form, if you ask. <br /> <br />The Policy contains an arbitration clause. All Arbitrable matters when the Amount of Insurance is $2,000,000 or less <br />shall be arbitrated at the option of either the Company or you as the exclusive remedy of the parties. You may review <br />a copy of the arbitration rules at http://www.alta.org/. <br /> <br />The Commitment is based on the land titles as of the Commitment Date. Any changes in the land title or the <br />transaction may affect the Commitment and the Policy. <br /> <br />The Commitment is subject to its Requirements, Exceptions and Conditions. <br /> <br />THIS INFORMATION IS NOT PART OF THE TITLE INSURANCE COMMITMENT. <br />YOU SHOULD READ THE COMMITMENT VERY CAREFULLY. <br />TABLE OF CONTENTS <br /> <br />AGREEMENT TO ISSUE POLICY <br />SCHEDULE A <br /> 1. Commitment Date <br /> 2. Policies to be Issued, Amounts and Proposed Insureds <br /> 3. Interest in the Land and Owner <br /> 4. Description of the Land <br />SCHEDULE B-I – Requirements <br />SCHEDULE B-II – Exceptions <br />CONDITIONS <br /> <br /> <br />If you have any questions about the Commitment, please contact the issuing office.
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