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COMMITMENT CONDITIONS <br />DEFINITIONS <br />(a) "Knowledge" or "Known": Actual or imputed knowledge, but not constructive notice imparted by the Public <br />Records. <br />(b) "Land": The land described in Schedule A and affixed improvements that by law constitute real property. The <br />term "Land" does not include any property beyond the lines of the area described in Schedule A, nor any right, <br />title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this <br />does not modify or limit the extent that a right of access to and from the Land is to be insured by the Policy. <br />(c) "Mortgage": A mortgage, deed of trust, or other security instrument, including one evidenced by electronic <br />means authorized by law. <br />(d) "Policy": Each contract of title insurance, in a form adopted by the American Land Title Association, issued or to <br />be issued by the Company pursuant to this Commitment. <br />(e) "Proposed Insured": Each person identified in Schedule A as the Proposed Insured of each Policy to be issued <br />pursuant to this Commitment. <br />(f) "Proposed Policy Amount": Each dollar amount specified in Schedule A as the Proposed Policy Amount of each <br />Policy to be issued pursuant to this Commitment. <br />(g) "Public Records": Records established under state statutes at the Commitment Date for the purpose of <br />imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. <br />(h) "Title": The estate or interest described in Schedule A. <br />2. If all of the Schedule B, Part I - Requirements have not been met within the time period specified in the Commitment <br />to Issue Policy, this Commitment terminates and the Company's liability and obligation end. <br />3. The Company's liability and obligation is limited by and this Commitment is not valid without: <br />(a) the Notice; <br />(b) the Commitment to Issue Policy; <br />(c) the .Commitment Conditions; <br />(d) Schedule A; <br />(e) Schedule B, Part I - Requirements; <br />(f) Schedule B, Part II - Exceptions; and <br />(g) a countersignature by the Company or its issuing agent that may be in electronic form. <br />4. COMPANY'S RIGHT TO AMEND <br />The Company may amend this Commitment at any time. If the Company amends this Commitment to add a defect, <br />lien, encumbrance, adverse claim, or other matter recorded in the Public Records prior to the Commitment Date, any <br />liability of the Company is limited by Commitment Condition 5. The Company shall not be liable for any other <br />amendment to this Commitment. <br />5. LIMITATIONS OF LIABILITY <br />(a) The Company's liability under Commitment Condition 4 is limited to the Proposed Insured's actual expense <br />incurred in the interval between the Company's delivery to the Proposed Insured of the Commitment and the <br />delivery of the amended Commitment, resulting from the Proposed Insured's good faith reliance to: <br />(i) comply with the Schedule B, Part I - Requirements; <br />(ii) eliminate, with the Company's written consent, any Schedule B, Part II - Exceptions; or <br />(iii) acquire the Title or create the Mortgage covered by this Commitment. <br />(b) The Company shall not be liable under Commitment Condition 5(a) if the Proposed Insured requested the <br />amendment or had Knowledge of the matter and did not notify the Company about it in writing. <br />(c) The Company will only have liability under Commitment Condition 4 if the Proposed Insured would not have <br />incurred the expense had the Commitment included the added matter when the Commitment was first delivered <br />to the Proposed Insured. <br />This page is only a part of a 2016 ALTA@ Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue <br />Policy; the Commitment Conditions; Schedule A; Schedule 8, Part I - Requirements; and Schedule 8, Part II - Exceptions. <br />Copyright 2006-2016 American Land Title Association. All rights reserved. � <br />The use of this Form or an derivative thereof) is restricted to ALTA licensees and ALTA members in good standing LANO 1111 <br />11 J <br />� Y � 9 9 i.Awa��Tir <br />as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. �.sr;i iTi yN <br />File No. 20171117 <br />FL -008 UN ALTA Commitment for Title Insurance with Florida Modifications 8-1-16 <br />Page 2 of 3 <br />