43-25 RFP-Responses-Rock Spring Golf Course.pdf

COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT NO. 19-LT-0033 (continued) 6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT (a) Only a Proposed Insured identified In Schedule A, and no other person, may make a claim under this Commitment. (b) Any claim must be based in contract and must be restricted soiely to the terms and provisions of this Commitment. (c) Until the Policy Is issued, this Commitment, as last revised, is the exclusive and entire agreement between the parties with respect to the subject matter of this Commitment and supersedes all prior commitment negotiations, representations, and proposals of any kind, whether written or oral, express or implied, relating to the subject matter of this Commitment. (a) The deletion or modification of any Schedule B, Part II-Exception does not constitute an agreement or obligation to provide coverage beyond the terms and provisions of this Commitment or the Policy. (e) Any amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized by the Company. (f) When the Policy is issued, all lability and obligation under this Commitment will end and the Company's only liability will be under the Policy. 7. IF THIS COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENT The issuing agent Is the Company's agent only for the limited purpose of issuing title Insurance commitments and policies. ‘The issuing agent is not the Company's agent for the purpose of providing closing or settlement services. 8. PRO-FORMA POLICY The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating the coverage that the Company mey provide. A pro-forma pollcy neither reflects the status of Title at the time that the pro-forma policy Is delivarad to a Proposed Insured, nor Is It a commitment to insure. 9. ARBITRATION The Policy contains an arbitration clause. All arbitrable matters when the Proposed Policy Amount is Two Million And No/100 Dollars ($2,000,000.00) or less shall ba arbitrated at the option of elther the Company or the Proposed Insured as the exclusive remedy of the parties. A Proposed insured may review a copy of the arbitration rules at htto://mww.alta.ora/arbitration. END OF CONDITIONS This page is only a part of a 2016 ALTA® Commitment for Title insurance issued by Commonwealth Land Title Insurance Company. This Commitment is not

htto://mww.alta.ora/arbitration. END OF CONDITIONS This page is only a part of a 2016 ALTA® Commitment for Title insurance issued by Commonwealth Land Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part |-Requirements; Schedule B, Part ll-Excepiions; and @ counter-signatura by the Company or its issuing agant that may be in electronic form. Copyright American Land Title Association. All rights reserved, TITLE ‘The use of this Form {or any derivative theraof) is restricted to ALTA licensees and ALTA members in good standing as - of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. = ALTA Commitment for Title Insurance (06/01/2018) Technical Corrections (4-02-2018 Printed: 03.04.19 @ 04:09 PM NURB 3-09 (Revised 7/01/18) Page 9 NJ-CW-FXTD-01080.404974-SPS-1-19-19-1 T-0033