Q
<br /> Conditions , (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to
<br /> the Title , as insured , and that might cause loss or damage for which the Company may be liable
<br /> by virtue of this
<br /> policy, or (iii) if the Title, as insured , is rejected as Unmarketable Title . If the Company is prejudiced
<br />by the failure of
<br /> the Insured Claimant to provide prompt notice , the Company's liability to the Insured Claimant under the policy
<br />shall
<br /> be reduced to the extent of the prejudice.
<br /> 4. PROOF OF LOSS
<br /> In the event the Company is unable to determine the amount of loss or damage, the Company may , at
<br /> its option ,
<br /> require as a condition of payment that the Insured Claimant furnish a signed proof of loss . The proof
<br /> of loss must
<br /> describe the defect , lien , encumbrance, or other matter insured against by this policy that constitutes the basis of
<br />loss
<br /> or damage and shall state , to the extent possible , the basis of calculating the amount of the loss or damage.
<br /> a
<br /> S. DEFENSE AND PROSECUTION OF ACTIONS
<br /> (a) Upon written request by the Insured , and subject to the options contained in Section 7 of these Conditions
<br />, the
<br /> Company , at its own cost and without unreasonable delay , shall provide for the defense of an
<br /> Insured in
<br /> litigation in which any third party asserts a claim covered by this policy adverse to the Insured . This obligation
<br /> is
<br /> limited to only those stated causes of action alleging matters insured against by this policy . The Company shall
<br /> have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable
<br />cause)
<br /> to represent the Insured as to those stated causes of action . It shall not be liable for and will not pay
<br /> the fees
<br /> of any other counsel . The Company will not pay any fees , costs , or expenses incurred by the Insured
<br /> in the
<br /> defense of those causes of action that allege matters not insured against by this policy.
<br /> (b) The Company shall have the right , in addition to the options contained in Section 7 of these Conditions ,
<br /> at its
<br /> own cost , to institute and prosecute any action or proceeding or to do any other act that in its opinion may
<br /> be
<br /> necessary or desirable to establish the Title , as insured , or to prevent or reduce loss or
<br /> damage to the
<br /> Insured . The Company may take any appropriate action under the terms of this policy , whether or not it shall
<br /> be liable to the Insured . The exercise of these rights shall not be an admission of liability or waiver
<br /> of any
<br /> provision of this policy . If the Company exercises its rights under this subsection , it must do so diligently .
<br /> (c) Whenever the Company brings an action or asserts a defense as required or permitted by this
<br /> policy , the
<br /> Company may pursue the litigation to a final determination by a court of competent jurisdiction
<br />, and it
<br /> expressly reserves the right , in its sole discretion , to appeal any adverse judgment or order.
<br /> 6. DUTY OF INSURED CLAIMANT TO COOPERATE i
<br /> (a) In all cases where this policy permits or requires the Company to prosecute or provide for the defense
<br /> of any
<br /> action or proceeding and any appeals , the Insured shall secure to the Company the right to so
<br /> prosecute or
<br /> provide defense in the action or proceeding , including the right to use , at its option , the name of the Insured
<br /> for a
<br /> this purpose . Whenever requested by the Company , the Insured , at the Company's expense , shall give
<br /> the
<br /> Company all reasonable aid ( i) in securing evidence , obtaining witnesses , prosecuting or defending the action or
<br /> proceeding , or effecting settlement , and ( ii) in any other lawful act that in the opinion of the Company
<br />may be
<br /> necessary or desirable to establish the Title or any other matter as insured . If the Company is prejudiced by the
<br /> failure of the Insured to furnish the required cooperation , the Company's obligations to the Insured under
<br /> the
<br /> policy shall terminate , including any liability or obligation to defend , prosecute , or continue any litigation
<br />, with
<br /> regard to the matter or matters requiring such cooperation .
<br /> ( b) The Company may reasonably require the Insured Claimant to submit to examination under oath
<br /> by any
<br /> authorized representative of the Company and to produce for examination , inspection , and copying , at
<br /> such
<br /> reasonable times and places as may be designated by the authorized representative of the Company , all records ,
<br /> in whatever medium maintained , including books , ledgers , checks , memoranda , correspondence, reports ,
<br /> (c) e-mails , disks , tapes , and videos whether bearing a date before or after Date of Policy , that reasonably pertain
<br /> to
<br /> the loss or damage . Further, if requested by any authorized representative of the Company, the Insured Claimant
<br /> shall grant its permission , in writing , for any authorized representative of the Company to examine , inspect , and
<br /> ALTA Owner's Policy (6117/08)
<br /> 8130609 5 of 8 (with Florida Modifications)
<br /> Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA
<br /> members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title
<br /> Association
<br />
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