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<br />COMPLAINT NOTICE: Should any dispute arise about your premium or about a claim that you ha\'~ filed, contact the
<br />agent or write to the company that issued the policy. If the problem is not r:esolved, you may also write the State Board of
<br />Insurance, Department C, 1110 San Jacinto Blvd., Austin, Texas, 78786, This notice of complaint procedure is for infor-
<br />mation only and does not become a part or condition of this policy.
<br />
<br />5. Policy Entire Contract
<br />
<br />Any action, actions or rights of action that the Insured may have, or may bring, against the Company, arising out ot thl: status of the
<br />title insured hereunder, must be based on the provisions of the policy, and all notices required to be given the Company anJ any Statement
<br />in writing required to be furnished the Company, shall be addressed to it at its home office at 2000 Bering Dri.'e, Suite 100. Houston, Texas
<br />77057, or the office which issued this policy,
<br />
<br />6, This policy is not transferable.
<br />
<br />4. Payment of Loss
<br />
<br />(a) So claim shall arise or be maintainable under this policy fur liability voluntarily assumed hy the Insured in settling any claim ur suit
<br />without written consent of the Company,
<br />
<br />(h) All payments under this policy, except payments made for costs~ attorney fees and expenses. shall reduce the aml,unt of th.' in-
<br />suran<.-e pro tantu: and the amount of this policy shall be reduced by any amount the Compan~' may pay under any pulicy insuring
<br />the validity or priority of any lien excepted to herein or any instrument hereafter executed by the Insured which is a charge ur lien
<br />on the land, and the amount so paid shall be deemed a payment to the Insured under this pulicy,
<br />
<br />(c) The Company shall have the option to payor settle or .:ompromise for or in the name uf the Insured any claim insured against hy
<br />this policy, and such payment or tender of payment, :ogether with all costs, attorney fees and expenses which the Cumpany is
<br />obligated hereunder to pay, shall terminate all liability of the Company here'Jnder as tu such claim. Further, the payment or tender
<br />of payment of the full amount of this policy by the Company shall terminate all liability of the Company under this pulicy,
<br />
<br />(d) Whenever the Company shall have settled a claim under this policy, all right uf subrogation shall vest in the Company unaffected by
<br />any a<."t of the Insured, and it shall be subrogated to and be entitled to all rights and remedies of the Insured against any person ur
<br />property in respect to such claim. The Insured, if requested by the Cumpany, shall transfer to the Cumpany all rights and remedies
<br />against any person or property necessary in order to perfect such right of subrogation, and shall permit the Cumpany to use the name
<br />of the Insured in any transaction or litigation involving such tights of remedies,
<br />
<br />barre'" b~.law "I' stalUle, The l'ompany shall notify the Insured in writing, within a rea..mablelime.l,f It' <Iet.'rminatil,n ", tu lh.' \ali<lity \lI'
<br />m\ :11i...iIY "f Ihe Insured's claim "I' .:harge under the policy, If the Company .:onclu"'es [hat the Ii..-n, encumbnm.'e, ad\"I'~t' .-I:\lm .11' ddet't i. 11<'.
<br />,:o\'ere'" bYlhis polky, 01' was otherwise addressed in the closing ofthe transaction in cunnection" ith which this I,uli..-y was isslled. the (\'mpany
<br />-hall -pedfi..-ally advise the Insured ofthe reasons for its determination, If the Company concludes that the lien, encumbran.:e. ad"erse claim .,1'
<br />"'efecl is valid, the Company shall take one of the following actions: (I) institute the necessary pwceedings tu clear the Ikn, encllmbran.:e.
<br />,,"'\'er5e claim "I' "'efecl fwmthe tille 10 the estate as insure"': (2) indemnify Ihe Insured as pro.ided in this pulky: (31 upon paymelll.,f appwpri-
<br />ale I)remium anll.:harges therefor, issue to the currelll Insured or to a subsequelll owner, m"rtgagee or hulder .,1' the estate or interest in the hm'"
<br />in.ure'" by Ihis polky. a policy of litle insuran.:e without exception for the lien. encumbrance, adverse claim or defe.:t, said policy 10 !>e in an
<br />amOllnl e<luallU the .:urrent value of the property or, if a mortgagee polky, the amoulll "I' the loan: (~) in...emnify another title insllrance .:um-
<br />pany in .:onnection with its issuance of a polky(ies) of title insurance without exception for the lien, encum!>rance, ad\'erse claim or defect: (5)
<br />secure 3 release or other documelll discharging the lien, encumbrance. adverse claim or defect: or (6) un"'en:!"e a .:ombination of I, Ihrollgh 5,
<br />herein,
<br />(d) Whenever the Company shall have brought any a....tiun ur interposed a defense as required ur permitted by the provisiuns of this
<br />I)uii....y, the Company may pursull any su....h Iitigatiun tu final determination by a Cl,un of ....l'mpetcnt jurisdktion and expressly
<br />reserves the right, in its sole discretion, to appl:al from any adverse judgment or order.
<br />
<br />Ie) Whenever requested by the Company, such ins'Ured shall give the Company all reasuna!>le aid in any sUt'h actil'n or proceeding, in
<br />effecting settlement. securing evidence, ubtaining witnesses, ur prosecuting or dc:fending such action ur prut'ee<ling, and the.Company
<br />shall reimburse sueh insured for any expense so incurred.
<br />(f) Any a....tion taken by the Company for defense of the Insured or tu establish th.: title as insured, ur both, shall nut be construed as
<br />an admission of liability, and the Company shall not thereby be held tu concede liability or waive any pruvisiun of this polic)',
<br />
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