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<br />ac:lion orproc:eildiDJ ortoclo any other act~hi . ita opinion maybB'IIIlCeIRIy or
<br />dedrabJ.e to atablish the tide to the ilItate or u insured. or to preYllDl or
<br />reduce 101. ordamap to the insured. The may like lilY appropriate Idioa
<br />IlIIder Ihe lenD. fI this policy. wherber or DOl it shall be Hable hereunder. lIIId shall
<br />DOllheJdJy ClIIlCede liability or waive any provisioa. of this polic:y. If the Company
<br />shall Cllterc::ise ill ripts lUlder this paraaraph. it shall do 10 cIi1iamtly.
<br />(c) WhCllllVCl'the Compauy shall have brousht lID action orinterpoled a defense a.
<br />requiJed orpenlliued by the pnMaion. of this policy. the Company may punue my
<br />Iiliaation to fiD8I cIetemWwion by a COlUt of campeteDl jurUclic:liclllmd ClltprenJ.y
<br />nlIOIVe.lhen,bt.iDiII.ole discmlicm. toappealfnlm any &dvenejudplmtorarder.
<br />(d) In an calel whem this polic:y permill or requires the Company 10 proaecute or
<br />provide for the defrme of lilY aCIioa or pnx:eecIiDa. the iIIIunld shall secure 10 the
<br />Company the riabt 10 10 pmsec:ure orprovide clefenJe in the action orproc:eedina.lIIld
<br />an appea1s themin. and peDDit Ihe Company to use. at ill option. the name fI the
<br />inauJed for this JllU'POIO. Whenever requested by the Company. the insured. at the
<br />CompllllY'. elI.peIllO, IbaII Jive Ihe Compauy allreuonable IIid (i) in any acticm or
<br />proc:eecIina. sec:uriDa evidcDce. oblaiJJiq wiJneslel. JlIVIClCUq or clefmctina the
<br />action or proc:eedina. or cffectina HU1emtiut,md (u) in my other IawfulllCt Ibat in
<br />the opinion fllheCompany may beneces.ary or desirable to estab1ish Ihe 1itle to the
<br />e.tate orintenllla. insured. If the Company is prejudiced by thefailure oflhe in.ured
<br />10 fumilh the IIlCJUirecI c:ooperation. the Company'. ob1iaalion. to the insured under
<br />the polic:y shall terminate, iDcIudina any liability or obligation to defend, prosecute.
<br />or conlinue any IUiption. with repnllO Ihe mailer or mlllten requiring such
<br />cooperation.
<br />S. PROOF OF LOSS OR DAMAGE.
<br />In addilianto and after the notices required under Section :3 of these Condition. and
<br />Stipu1aIions have been provided Ihe CompllllY. a proof of Ios. ordamaae siped and
<br />.womlO by the insured cIaimanl shall be furnished to the Company wiIbin 91 clays
<br />after Ihe insured claimllDt shall ucertaiD the facts Jiving rise to Ihe Ios. or damaae.
<br />The proof of 101. or clamaae shall de.cribe Ihe defect in. or _ or ODClDDbrance on
<br />the tille. or oIbermaaerilllunld apin.t by this paIicy Ibat COIIItitute.1he buiI oflOl.
<br />or cIama,e lIIld shall state. 10 the llltlent poIsible. the buiI of caIcu1arin,the amount
<br />of Ihe Ios. or clamap. If the Company is prejudic:ed by Ihe failure of Ihe iD.ured
<br />c:laimantlO provide the required proof oflos. or dama,o, the Company'. ob1iaatiana
<br />10 the insured under Ihe paIicy shal1 tenninate, includina any liability or obliaation
<br />10 defend. prosecute. or conlinue any Iiliaation. with reprd to the mailer or mauen
<br />requiring .uch proof of Ios. or dama,e.
<br />Inaddilion.theinsunldclaimantmayreasonablyberequiredlO.ubmi1IOCl:II.....inatlon
<br />under oath by my authorized representative fllhe Complllly md shall produce for
<br />euminalion. inspeclioa md copyina. at.uch IlllIscmable timesllDd pIacei u may be
<br />desipated by lIDY authorized reprelClltal.i.ve of the CompllllY. all records. book.. .
<br />Iedaen. chec:k.. conespondence md memOl'll1da. whether bearin, a clate belan or
<br />after Date of Policy. whichlllllsonably pertain to the Ios. or cIama,e. Further. if
<br />requested by any authoriaed representative of Ihe Company, the insured claimant
<br />sha11'lBIlt i1s permission. in wrilin,. for any iauthorized repnlImtative of the
<br />Company to examine. inspect lIDd copy all record.. boob. led,en. check..
<br />COfI1lIJlODdence lIIId memoranda in the custody or contraI of a Ihird party, which
<br />llllI.anably pertain 10 the 10.. or danutae. All infonnatian clesianated u confidential
<br />by Ihe in.ured claimant pJOYided 10 the Complllly punuantlO this &iclion shall DOl
<br />be cIisc10sed 10 othen unIes.. in the reasonable judpnent of the Company. it is
<br />Deco..lII)' in the administration oflhe claim. Failure of the in.ured claimant 10 .ubmit
<br />forexlllDination under oath, produce other IlllIlKlIIably reque.ted infonnation ClI' arant
<br />permi.sion 10 .ecurelllll.onably Decessary infonnation fram IbircI partiesa. required
<br />in Ibis paraaraph iha11 terminate lIDY liability 01 the Company UDder Ibis policy a. to
<br />that claim.
<br />6. OPTIONS TO PAYOR OTIIERWISE SETI'I..B CLAIMS: TBRMlNA nON OF
<br />UABnlTY.
<br />In ca.eof a claimunderlbis policy. tbe Compllllysha11havethefoliowin,addilional '
<br />options:
<br />(a) To Pavor Tender Pavment of the AmClUllt of Insurance.
<br />To pay ortenderpaymentofthe amountofin.ulBllce underthis policy lO,etherwith
<br />lIDY COlli. auomey.' fee. IIId expelllel incunecl by theinnired claimant, which were
<br />authorized bylheCompany. uptothetimeofpaymentortetlderofpaymmtand which
<br />the Complllly is ob1iaared 10 pay.
<br />Upon the Cllterc:ile by the Complllly of this option, all liability and obligation. to the
<br />in.ured under Ibis policy. other thllDto make the payment required. shall terminate.
<br />inc1udina lIDY liability or obIiaalion 10 defend, prosecute. or continue any liliplian.
<br />and the policy shall be .um:nderedlO the Company for cancellation.
<br />(b) To Pav ClI' Otherwise So.nl.. With Partie. Other than the Insured or With the
<br />In.ured ClaimanL
<br />(i) 10 pay or oIberwise seuIe with other parties for or in the name of m insured
<br />claimant lilY claim insured againlllDleler thi. policy. together with my COllI.
<br />auomeys' fea and Clltpetllel incunecl by the insured claimant which were authorized
<br />by the Company up 10 the lime of payment md which the Complllly is obliallled to
<br />P.8)"or
<br />.(u) 10 pay or otherwise.ettIe with theinsured claimant the 101. ordamap provided
<br />for under thi. policy. to,ether with any COlli. IIltomeys' fee.lIDd expense. inClU1'lld
<br />by Ihe insured c:1aimant which were authorized by the Company up to the lime of
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<br />paymmt and wbich the Camplltl)' is ob1ipted to pay.
<br />Upon the exen:ise Ae Compsn)' of either of the opIicma pnMcIecI for in
<br />parlIIJraphs (b)(i) or ~ Campauy'8 ob1ipliCIDI to Ibe insured UDder this policy
<br />for the cJaimed Ios. or damaae. odter Ibon Ihe paytllenllllllCJUireclto be made, shall
<br />terminate, includinJ my liability or obIiaDlion 10 defend. proseaIte or continue any
<br />Iiliplion.
<br />7. DB'l'BRMINATION. BXTRNT OF UARn JTV AND COlNSURA1\{CR.
<br />This policy is a conllBcl fI iDdemni1y ..ainst llClUIII monetary Ios. or clamaae
<br />sullained or inc:unecl by the insured cIaimanl who has suffered Iou or clamaae by
<br />IlllIIaD fI mauen inlUftld apinst by this policy md auIy 10 the extI:ttl herein
<br />clesc:ri.bed.
<br />(a) The liability rlthe Company UDder this polic:y shall DOl Clltceed Ihe Ieut of:
<br />(i) Ihe Amount of InIuraace I1lIled iD SdtecIu1e A; or.
<br />(ii) the difference between the value of Ihe insured estate or interest U insured aad
<br />Ihe value of the insured estate or interest subject 10 Ihe cIefect, _ or etlClIIIIbrmce
<br />iDsured D,ainst by this paIicy IIlIhe date the insured claimant is required 10 fumiIh
<br />10 Company a proof of 101. or dam8ae in accordance with Sectioa 5 flthese
<br />Conditicllllllld Stipulations.
<br />(b) In Ihe event the Amount ofInsulBllce stated in Schedule A III the Dille of Policy
<br />is lei. than 80 pen:eDt of the value of Ihe insured estate or inteJul or the fIIlI
<br />consideration paid for Ihe land, whichever isle... or if subsequent 10 the Date of
<br />Policy lID improvement is emcted on the land which increa.eslhe value of the insured
<br />estate or interest by 1Il1eut 20 pen:atl over the Amount of Insurance IWed in
<br />SdtecIu1e A. then this policy is subject to the fo11owin,:
<br />(i) where DO subsequent improvemllDl has been made, U to any parlia11os.. the
<br />Compsny shall only pay the Ios. pro rata in the proportion Ibat the amount of
<br />insurance at Date of Po1icy bean to the total value of the insuredlllltate or inteJulat
<br />Date of Po1icy; or
<br />(u) where a subsequent improvement has been made, u to any partial 101.. Ihe
<br />Company sha11 only pay the pro main the proportion lbatl2Openlentoflhe Amount
<br />oflnluraace .tated in Schedule A bean to the .um oflhe Amount ofInIUl'lDCO stated
<br />in Schedule A and the amount expended for the improvemenL
<br />The provision. of thi. para,raph sha11 DOl apply to CO.II. attorney.' fees and
<br />llltpeDIOI for which the Complllly isliab1e UDder Ibis policy. md shall only apply to
<br />that ponion of any 10.. which Clltceed.,in the ...re,ate. 10 pen:eDtofthe Amount of
<br />In.UI'lIIlce .tated in Schedule A.
<br />(c) The Complllly will pay only those COlli. auomey.' fees and ClltpenlOl incurred
<br />iD ac:conIance with Section 4 of these Condition. and SlipuIatian..
<br />8. APPORTIONMBNT,
<br />Iflhe land described in Schedule A consilII of two orman plIRlOIs that lUeDOl used
<br />u a sinaIe site, md Ios. is establilhecl affeclina CIIlIl ormore of the pan:ei. but DOl an.
<br />lhelos. shall be camputed and settled ana pro rata ~siI U if,lhe amount of insurance
<br />UDder Ibis policy wai divided pro ma u to the value OIl Date of Policy of each
<br />separatepan:ellOthe whole. exclusiveol any improvemenllmacle subiequentlODate
<br />of Policy. unIlll1. a liability or value hu oIberwise been a,reed upon u to each parcel
<br />by the Complllly and the in.ured'at the lime flthe is.uance of this policy and shOWll
<br />by an Clltpnlll .tatement or by an endorsement aaac:hed 10 thi. policy.
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<br />9. LIMIT A nON OF UARJI.ITV.
<br />(a) If Ihe Company establishes the title. or remove. the a1Ie,ed defect, lien or
<br />euc:umbnmce. or CIInlI the 1acIt of a riaht of access ,to or from the land. all U insured.
<br />or lakes action in accordance with Section 3 or Section 6, in a reasonably diliamt
<br />nianner by any method, inc1udina 1iliption and the completion of any appeals
<br />therefrom. it shall have fIIlIy perfonned ill obliaatiana with respect 10 Ibat lDIIller and
<br />sha11 DOl be Hable for any 10.. or cIama,e caused thereby.
<br />(b) In the event of any 1iliplion. inc1udina IitiptiClD by the Company or with .the
<br />CompllllY'. con.ent. the Company sha11 ~ve DO liability for Ios. or cIamaae until
<br />there ha. been a final determination by a COUll of compelenl jurisdiction, and
<br />disposition of aIIappealltherefrom. aclvene 10 the tide U insured.
<br />(c) The Compauy sha11 DOl be liable for Ios. or damaae to lIDY insured for liability
<br />vollmtarily a..umed by the insured in .eldin, any c1aim or .uit without the prior ,
<br />written consent of the Company.
<br />10. REDUCTION OF INSURANCE: REDUCTION OR TBRMlNATION OF
<br />UABnlTY:
<br />, An paymenlllDlderlbis paIicy. Clltcept paylDenlI madeforCOlll, attorneys' fea and
<br />expenses. shall reduce Ihe amount of the insurance pro tanlO.
<br />II. UARnlTVNONCUMULATIVE.
<br />h is expressly undentood that the amount of insurance under this polic:y shall be
<br />reduced by any amOUDltheCompany may pay UDder any policy insurina a tDOIlpae
<br />10 which Clltc:eplion is taken in lcheduleB orlOwhich the insured has apeed,UlIDDed.
<br />orllke!n .ubject, or which is bereaftu exeaJted by an in.ured md which isa c:IwJe
<br />or_an Ihe estate orinterell described orrefenecllO iD Schedule A.lIIld lheamOUlll
<br />10 paid shall be deemed . payment under this policy to the insured owner.
<br />12. PAYMBNTOFLOSS.
<br />(a) No payment shall be made without producin, thi. po1icy for endonement of the
<br />payment un1eslthe policy hu been 100t or cIeIlroyed. in which cue prorI oflos. or
<br />destruction .hall be furnished to Ihe satisfaction of the Campauy.
<br />(b) When liabilily and the llltlent of Ios. or damap ha. been definitely filled in
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