07/23/2007 Council Packet (2) - Laserfiche WebLink

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EXHIBIT C TITLE INSURANCE COMPANY ENDORSEMENT To be attached to and become a part of Policy No. of Title Insurance Company. The Company agrees that if (1) within one year after the completion of the improvements on the land or (2) within five years after the date of this policy, whichever first occurs, application is made to increase the face amount of the policy and/or to issue a new policy to the then insured under the policy, and/or to issue a policy to such mortgagee(s), trustee(s) under deed(s) of trust, beneficiary(ies) of deed(s) of trust, parties to sale and leaseback or other types of financial transactions (hereinafter severally and collectively, as indicated by the context, referred to as "Lending Institutions(s) ") as may be designated by the present Tnsured or the then Insured under the policy, it will issue additional title insurance coverage insuring the title as insured in the policy and raising the coverage limits herein to an amount not to exceed the value of the land and the improvements constructed thereon on the date of said application, provided the Company may then extend its examination of the title to the then current date and, subject to such matters, if any, created by the insured or any successor in interest from the insured first appearing in the public records subject to the effective date of this policy and not insured against in the policy, will increase its liability to the requested amount upon payment of its usual charges for such additional insurance coverage; and further provided, however, that the Company shall not be obligated to issue additional insurance coverage which would exceed the amount of the usual reinsurance retention of the Company if, after the exercise of its reasonable efforts, it is unable to obtain such reinsurance or co- insurance as may be required in order for it to issue the full amount of additional insurance for which application is made. The total liability of the Company under said policy and any endorsement thereto shall not exceed, in the aggregate, the face amount of this policy and costs which the Company is obligated under the Conditions and Stipulations thereof to pay. This endorsement, when signed by an authorized office or agent, is made a part of said policy as of the policy date thereof and is subject to the Schedules, Conditions and Stipulations and Exclusions from Coverage therein contained, except as modified by the provisions hereof. Title Insurance Company By: Agent or Validating Officer • • •