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<br /> GI�ARAt4TEE CO\'DITIONS AT�'D STiPL�..ilOI:.
<br /> FOR L'SE�Y'I7N FOAD15 VI'-345 AND Vi'35=
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<br /> �y GUARANTEE CONDITIONS AND STIPULATIONS -_
<br /> � 1. DEFINITION OF TERMS �mnunt n(ihi�Guauntce or,i(this Gwr�mm if itwrd(or tFrt 6eneRt
<br /> The follovinF te'ms��hen uud in this Guanntee mnn: n!a holder of�mortFaFe,tAr Comp�ny th�ll hnr the op'.ion ro purclu�c
<br /> �-1 (�) "land": 7M I.nA dacribec!,sprcifiall�•or b�'a(ercna, in chi� the indeb�edness srcurrd 61'vid mnnFaFe.Surh purcNse,pa7me^t or
<br /> {�M Gwr+mee�nd impm�m�rn�a alFxed ihercto•�hich by hw•mm �rnder o(pa�mrnt of the(ull amoum of the Gu�nntee�hdl a'min�rc
<br /> Q ttiiurcmlp�opetry': dllia6iliry•oftheUmpanqhrraunder.In�Aea�m �hernoticeo(daim
<br /> ���rrr h�s been Rirm to the Cmmpany bp�he Assurcd the Gompmy oRen m
<br /> �� (b) "publi[�ecordi': Thme records w�hicA impatl mmtruai�x no� P����uq y�id indeb�edntss,the ow'ner o(suth indebtedneu dull�nnder
<br /> ti[r of mattrn mlatinF m wd I�nd; �nd nsqcn uid indebtednes and ihe mottg�Re ururing drc ume m the
<br /> (q "d�te": The eRative da�<: Cnmpan��upnn pa��mrn�of the purchase prire.
<br /> —� — (d) "�he Auund": Tht pup'nr p�nies mmcd as �Ae Auurcd in 6. LIMITATIOt� OF LIAB:LIIY—PAl'DIEhT OF LOSS
<br /> �h;,r.u,nmK, or tn . s�F�i�nul vriiinp esetuied by the
<br /> Compai�.: Iq The Lrbilip�nf�he Cnmp�n��under�his Gwnnrce�Aall 6e�im.
<br /> , (e) ..rtwttR�R�':Afnn��ee,deed of tmst,um�deed,or ntFer urur. ired to the am�+um o(utwt loss mt4ined b�•ehe Assured benuu
<br /> iry imervmrnl. nf nli�ncc upm the�ssunnm henin u�(orch,but in iw ermt
<br /> th�ll such liability eRceed ihe amount�the li�biliry�uted on
<br /> 7. EXCLUSIONS FRODI COVEIIAGE OF'fFI1S G�.'ARANTEE �he(�ce paFe bereo(.
<br /> The Companp�pumn no li�biliy fnr Inss or dFm�ge bl' rcafon nf lb) n,�comw�r.��u w��,u m��s impoud upon �At Asmrtd in
<br /> tAe Inlloving: IitiF+linn Carntd an b�• ihe Compury for the Mtured,�nd NI
<br /> ' fq T�in nr as�essmmu w�hich rte nm dww�n n eaininF lims b�. co�u�nd�tromn'�fera in litig�tion arried on bp the Auurtd
<br /> �he�ecords of�np nxinF�u�M,riry� dut Ih�in ntn or�s�ns. with�he vriurn authori:uion of Ihe Campuir.
<br /> ' xnB on rtal pmpettl'nt by the publit tetords. (q Nn<laim(nr damaR�t tlull arife or be m'inniruble under thit
<br /> . (b) Unp�trntcd mining cl�ims:mervniom o�ecccptions in p�trnu Gu�nmee �1) d the Comp+np drcr hrvinR�eceivid notin o(
<br /> � at in Am�wlmrizing�he nivantt tAem�L wrcr riFhts,d�ims �n+Ileprd de(ect,lirn m mrumbnmm�ot davn u�n Eiap•
<br /> or tide ro rner. tinn or eaduded hertin rcmnrn suth dden,lim ar encvmbnnm
<br /> vithin�rc�wmbie Iime afrcr rcceipt o(wcA iatim,or(])fot
<br /> (q Tillt ro an1' pmperty Eelvmd the linn of �he I�nd npmdy Iiabfli�Y•'olunuril�•uwmrd bp the Auured in mtUins mr d�im
<br /> druri6ed in ehe dncripaon�et fonh in the Gwnmer.�or�i�le or fuit vithout vriurn<oment of tlK Compmr•
<br /> ro urea�, rads, nmua. I�nn, vp•t nr vuerwa�s on aAich .
<br /> w�A hnd abun,or the npM�o rtuinuin thrrtin�vulu,mnnels. ldl All p.lmem�under�hi�Gwnm«.Kcep�fon�romqi fen�.
<br /> � � nmps or�ny nthet��tuuurt ot impmvemmt:or�ny riRhls or Pm`'���for in panRnph 6fE)��(.+�II ndun tAe ueounl
<br /> n�emenn�he�ein unins wch Pmprtry.riR�`n or numrnu arc of the li�biliq� harcunder pro nnro.�nd no p�ymmt fMll 6e
<br /> eipmily�nd�peaifially u�lotth in wd de¢rip�ion. madt�+i�hout pmducinp thit Gwnmeelor indonemmt of wcA
<br /> 1 ' (d) Defectt.limt,mcumbnnm.•ri�ene d�imt�R�ins��he tide u D�9�+�^� unlns �hr Gumma br laa or dnvqed, in rhicA
<br /> � punntnd oc otAer mumn (1) crt�rcd.suRercd,uwmed or nu proof of wrh�osf or dnwction Jull he fumidkd to tlm
<br /> �Rrced to Ay one m mort of the Afwrcd:or(2) tesuleinR in nn uiidation o(tM CompanY.
<br /> '�' lou ro�he Anurtd. (r) Vf'hm li�6iliry'has been deGnitelp fi*ed in�ccotd�nce with the
<br /> conditions o(thi�Gwnntn,lAe lou ot d�m��dull be pq�ble
<br /> ;. PIlO5EN7lON OF ACfIONS w�i�Ain ihitty dap��hemfrcr.
<br /> (�) iMP mp�n�slull lu�r IPe riFhi R its o.n,cmt ro insti�ute �, SUBROGATON UPON PAYMENT OR SETIIE1�Ni
<br /> 1�1 �nd ro�utran �ciionor rnceedin ordo�n�other�nvAich
<br /> in in opinion may be necnap�o�dninble ro nusli�h er mrv Whrnevrr the Companp ihdl lum�e�ded�tuim wder tAi�GwMtae,
<br /> ' � R�m the muem hercin Rumn�e�d:md�he Company m�Y uke all rigAt d mbro��ion�h�ll vn�in�Ae Compan)wlFected h�uh�n
<br /> �ny�ppropriue aeion under�he emm of thi�Gwnnite vAnher o(Ihc Aaurcd,�nd it sFall be wbros�rcd to�nd be mtitled ro dl n`hn
<br /> or nM i�shall be liablt theteunder�nd Jull nol IM1ercby mnttde and remedie�v6icA tAe Auuted w•ould luve!ud�pinR uy penon ot
<br /> ' li�biliry or v�i�r�ny pmvitilm heteoL prope ny in rnpetl In w�M1 cl�im had thit Guanntre not been iuued.
<br /> lb) In di nmt vhert tM Umpany doa w inf�itme�nd pmucu�e If the pq�mmt does mi m�xr the lots of tM Assurtd.tM1e Canpm)tlull
<br /> �ny�rtion ot P��inp.�Ae Auured shall permil the Compmp be�u�roR�ted to mcF ri�M1ts md mnedies in tAe proportion vhich ttid
<br /> ro ufe.�t in�tinn,the n�me af ihe Auurcd tot wch Durpo�e. P�f^K^t bun 10 Ihe urounl of�id loa.7M Anmed if tepunted b�
<br /> '�I Whenerer rtqurs�ed by thr Gimpmy,the Assu�ed iM1ill Rive ih: Ihc Company, dull tnndet ro the Compny �II ri6M1n tnd rcmedip �
<br /> ' Company all rt�wn�ble�id in pmuculinp w<h¢tion m pm. ■�[�ins��ny pennn or Pmperry netetwry m otder�o pedtn wch ritAt
<br /> cndinR,�nd�he Company�hall Rimbune�he Aaur.d for�n�• of wbroRation.�nd�lull pvmit�he Compmy ro ufe the n�me o( the
<br /> expm'e n incurrtd. Atmrtd in my trmunion or litiption inrol.�ms mch riSAtt or`emeJiet.
<br /> '� �. NOi10E OF LO55—LIMITATION OF ACTION 8. GVARANTEE ENTIRE CONTRACT
<br /> A�mement in vn�ing of�ny los�ot damyR for�+hich it i�d�imed Anp�aion nr�nionf or riRhn o(�ninn Ilut tAe A�sured mq Mve or
<br /> the Company i� liible under this Gu�nmee�hdl he tumi�hed m the ma)'btin/t qtains�tM1e Comp�ny ui�inp om ot�6e subjett m�ner Aerco(
<br /> �' eomp.�r vithm titry d�Y�d�er�uch lon nt d�m��te th�ll luve been musl be bned on the pmviaon�o(Nu Gwnniee.
<br /> de�ermiMd.�nd no riRht of atinn shJl acrue�a the Auurcd undrr�hi� No pro�i�ian or mndiiion of�hi�Gu�nnue nn Ee v�ived or drn{ed
<br /> �• Gu+nmce uniil ehirry d.n drcr wcA utlemrnl thall hwe bem (ut• K���b�.�w•tilinR mdorted ot���+�htd hemto si`nrd by�Ae PR�iden4
<br /> ni�hed,md no ta�nery�lull hr h�d by du Anurtd under thi�Gwnmee �V�m Pmidm�,d�e Secreury,�n Aaiu�nt Serrcnry or ot6er valiLtins
<br /> �, unieu�c�ion shJl be mmmmcrd�hermn riihin wo ynn afrcr nPin. offinr of the Comp�ny.
<br /> tion o(pid�Ainy diy period.F�ilurt to(umi�h wch Nuemmt o( lou
<br /> 1� or dum�{e or ro commmtt wch �aion vithin tAe time hercinbefoR 9. NOTICES,WHERE SEI�T
<br /> tpecified.�A�II h�mntlutive Eu�pin�t m�inrcn�na by�he Auurcd � .
<br /> ---� of�q•�ttion unEer ehi�Gu�nmee. All notim requircd ro be Rivm the Gompany �nd mf wtemmt in
<br /> vriting requircd lo be(umi�hed the Comp�ny,hdl be�ddrexed to i4 ,
<br /> 3. OPTION TO PAY.SEl"f1E OR COMPROMISE CLAIMS n the o1Gn vhich inutd this Guanntee.
<br /> The Comp+ny thall have the option ro p�y or mtle or mmpmmi�e for �
<br /> or in tAe mme o(�he A�mrtd my d�im vhich muld mul� in Im�ro 10. The fee�penficd on the f�m of�Ais Gu�nmee i�the roni kt(or title
<br /> die Auumd vi�hin the mvenRe of�Ai�Gu�nnrce,or ro pq the full K+rch and ecamination md(or thi�Gwnnne.
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