HomeMy WebLinkAboutWarranty Deed 81- Bozeman Baptist Church Deed
. GALLATIN COUNTY BAR ASSOCIATION FORM NO.3
..
. ~ WARRANTY DEED .
FIU~ 66PWE1624
.
For Value Received. BOZEMAN BAPTIST CHURCH, a non-profit corporation,
with its principal offices in Bozeman, Montana,
the grantor , do es hereby grant, bargain, sell, convey and confirm unto CITY OF BOZEMAN,
~ a municipal corporation,
the grantee th f 11 . d 'bed . . Gallatin C t M
~ , e 0 oWing escn premIses, In --------___________________________ oun y, ontana,
u.l to wit:
Iilil
~ Tract A-2 of Certificate of Survey No. 473A,
Z
~ containing approximately 10 acres, in the
>- Northwest one-quarter of Section 26, Township
~
~ 1 South, Range 5 East, M.P.M., Gallatin County,
Montana, according to the official plat thereof
on file and of record in the office of the
County Clerk and Recorder of Gallatin County,
Montana.
TOGETHER WITH the tenements, hereditaments,
and appurtenances thereunto belonging or in
anywise appertaining thereunto.
SUBJECT TO any and all easements, rights of
way, restrictions, and reservations of
record.
TO HAVE AND TO HOLD the said premises, with their appurtenances unto the said Grantee ,
its successors, heirs and assigns forever, And the said Grantor does hereby covenant to and
with the said Grantee , that ~ it is the owner in fee simple of said premises; that they are free
from all incumbrances
and that 1m it will warrant and defend the same from all lawful claims whatsoever. INDEXeD
PLATTED
Dated: This Sr day of ctJd~~ 1981.
/- ,
BOZEMAN BAPTIST CHURCH, a non-profit
corporation
-....---.----------------..---- _....___.".__ un -" "-,, - - -- -- - --------....--
--------.----- ...--- ----.----- ----------------.---------------------------- ----..-.'''.---- m.BY'~'ja(l.~~ 920102
STATE OF MONTANA, COUNTY OF GALLATIN STATE OF MONTANA, COUNTY OF Gallatin
On this / ~ day of cP(!:~..J<<..., 19 81 , I hereby certify that this instrument was fi]ed for record at
before me, a notary public in and for said State, personally the request of
appeared LYNN J. B,^,LGEMAN,
at 11:05 rnliltt~~ o'clock Am.,
~ 3 November
\,~~ this day of
., S ~ > ,
., '\ :'f' """"",' "I 19 81 ,in my office, and duly recorded in Book 66
,~~',~...'......""ll.tl .,'?\, ")"'..>
known to m_(!~~be'~ .,;;o~." r:':hQse name is of Deeds at page 1624
subscribedt~~e~hlft-iDstrum:e~.t, '1lnd acknowledged to _ _ __ __ __ _ _.f:ude~ __ c;t. B~
me that :." ,; : <~ he 'executed the same. ~ ~~ ~~~ ~- "- ~~ ..- ---------------- - '.~ ~_.._--~----------------_.,-- "--. -------------------.----------.
.A .\ :;'. ~ .. County Clerk and Recorder
By~-~jrL,~,---"-----------------" _____,_____
';" -
r'" ~'
'. __.kk___::If.
. " Deputy.
Fees $ 2. 00
Mail to: Gallatin Title Company
. .
. .
. .
.. Policy of Title Insurance
Fidelity National Title Insurance Company Policy Number
A Stock Company 30- 03683
OWNER'S POLICY OF TITLE INSURANCE
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS CONTAINED IN SCHEDULE B
AND THE PROVISIONS OF THE CONDITIONS AND S TIP ULA TIONS HEREOF, FIDELITY NA TIONAL TI-
TLE INSURANCE COMPANY, a Nebraska corporation, herein called the Company, insures, as of Date of Policy
shown in Schedule A, against loss or damage, not exceeding the amount of insurance stated in Schedule A, and costs,
attorneys' fees and expenses which the Company may become obligated to pay hereunder, sustained or incurred by
the insured by reason of:
1. Title to the estate or interest described in Schedule A being vested otherwise than as stated herein;
2. Any defect in or lien or encumbrance on such title;
], Lack of a right of access to and from the land;
4. Unmarketability of such title;
IN WITNESS WHEREOF, FIDELITY NATIONAL TITLE INSURANCE COMPANY has caused this policy to
be signed and sealed by its duly authorized officers as of Date of Policy shown in Schedule A.
Fidelity National Title Insurance Company
By ~ vf ;e-? ~
Presidenl
Attest ~~k~-
(---
, Secretary
Countersigned: ___.
Ponn T-30 (1-81)
American Land Title Association Owner's Policy-1970 (Amended 10-17-70)
Form B-1970 (1-81)
. .; ..
.
.
UO!lJIl )0 Jl{ll!J OU pUll paUIUUaJap u(I(lq (lAIlI{ 1I11I{S (lllIlUlp.p JO SSO( waJx(I :lI{J OJ 'PUIl( pillS U! JS(lJ(lJU! JO (lJIlJsa al{J )0 (l11lS Il JO) pIlJJUO:)
I{JnS J:lJjIl SAllp 06 U!4JIM Aup.dUlO:) :lI{J OJ p:lI{S!UJn) aq IIIlI{S ,{:)!lod Il (lJJO)Ua OJ uoqJIl UIl UI paJnsu! UIl JSU!ejjll p:lsodJaJu! (lsua):lp
S!4J Japun (llqll!l SI ,(UlldUlO:) (lI{J paUlIllIJ S! H I{J!I{M JO) a:hUlIlP Il JO 'p:lJnSU! I{Jns Jsu!1l81l pa:)U(lUlUlO:) s8ulp:laJoJd JO 8UO!PIl
JO 8so1 AUIl )0 8UmJM U! JuaUl(lJIlJS Il 'sUO!llllnd!lS pUll SUompUO:) )0 8u!Js!sUOJ UO!llllJll!IlIll U! P(lJnSU! UIl )0 asuapp (lI{J JO) ap!AOJd
:!S(lI{Oo (q)[ I{dllnlllJ1ld J3pUn p(ll!nb(lJ saJ!lou (lI{J OJ UOHlPpll ul ((I14S 'AIlI(lP (llIpUn JnOI{J!M pUll JSO:) UMO SJI JIl 'AUlldUlO:) (141. (Il)
UO!py )0 UO!JIlJ!UI!'1 - sso'] jO 3J!JoN '1> JUIlUl!1l1J P(lJl\SUI UIl Aq uaA!B
aq 0) Ill!IlIJ jO (lJPON - SUO!py )0 uO!Jn:xlSOJd pUll asuapa "[
'P:lJJnJU! os :lSUadX3 AUIl JO) P(lJnSU! I{:)ns :lSJnqUlI(lJ
[f1l4s AUlldUlOJ (II{) pUll 'lJulp(l(l:)oJd JO UOJpll I{Jns 8u!pu:lpp 'p(lJnSU! Lpns OJ uMIlJ a81l8poUl A(lUOUl aSIlI{:)Jnd
JO 8u!ln:l(lsOJd JO 'S3SS(lUJ!M 8u!U!IlNO 'a:lU(lp!A(I llupm;lS 'JUaUla(Has Il Aq paJnJas SS3Up3Jq:lpU! :lI{J JO JS3J(lJU! JO :l)qs(I P!p.s Jal{)!:l
8u!l:la)p UI '8UIP(laJoJd JO UO!PIl I{JII8 AUIl OJ P!1l 31QIlUOSIl3J )0 P3JnSU! I{:ms UlOJj J(lSIlI{:)Jnd AUIl )0 JOAIl) U! (I:)JO) UI anu!'uoJ
Ifll ,(UlldUlO:) (lI{J 3A!8 IIlll{s P(lJnSU! I{Jns ',(UlldUlO:) (II{) Aq pa)s:lnbaJ IOU Ifllqs AJ!lod S!I{J 'J3A3MOI{ 'P3P!AOJd ~)S(lJ(l)U! JO a)1l1s(I Ipns
J3A3U31{'i\\ ':lSodJnd I{Jns JO) P3JnSU! I{Jns )0 3U1IlU 31{) 'uo!ldo sH III )0 aJUIlAaAUOJ JO J3)SUIlJJ ,{Ull U! P3JnSU! I{Jns Aq apllUl A)UIlJJ1lM )0
':lSn 01 ,(ulldwo:) (ll{ll!UU(ld pUll 'U!(lJ(l41 Sfll(lddll Ifll pUll '8u!p:l:lJOJd SlUIlU(lAOJ )0 UOSllaJ Aq Allf!qll!l aA1l1{ Iflll{s pjJnSU! 4:)IIS SIl 8uoI os JO
JO UO!PIl I{Jns U! :lSU:lPP :lp!AOJd JO :lJnJ:lSoJd os 01 Jtt<I!-I 'p;lJnsu! I{Jns UlOJ) J:lSp.4:)Jnd Il Aq U(lA!'cl (I'clIl'cllJOUI h:lUOUl (lSIl4JJnd
al{) hup.dUlO:) (lI{J 0) (lJn:)(lS 1IP.l{s Japun(lJ(l4 P(lJnSU! (ll{l '8ulp:l:lJOJd Il Aq paJnJ:ls ssaupaNapu! UIl sPlol{ JO 'pulll alll UI lSaJ:lJU! JO
JO UO!PIl AUIl )0 ;lSuapp alll JO) ap!AoJd JO alnJ:lsoJd Ol hUlldUlO:) aJIl)s(I UIl SU!llpJ p(lJnsu! 4JIIS SP. 'cluol os paJnsu! Ull )0 JOAll) U! A:)!lOd
al{l sal!nb:lJ JO Sl!UlJ:ld AJ!lod S!l{l aJal{M S:lSIlJ liP. uJ (a) )0 :llIlO)O SIl :lJJO) U! anu!luoJ Iflll{s hJ!lod S!41 )0 a81lJaAOJ :l1{.L
all!.L jO aJUIlAaAuo:) JaUIl a:)ullJnsuI )0 uO!)llnu!luo:) "Z
'JapJO JO lUaUl8pllf
aSJ3Apll AUIl UlOJ) flladdll oJ 'UO!l:lJJS!P :lIOS sJ! U! 'J1{8p a41 SaA.l;lS(lJ 'pullI P!IlS 01 lJU!lIlI(lJ SJ(lllIlUl )0 aJ"ou 3A!pnllSUO:)
AlssaJdxa pUll UO!P!pspnf )ua)3dUlOJ )0 )JnOJ Il hq uO!lIlU!WJalap )J1ldWI Mill Aq I{J!I{M SpJOJ(l,J :lSOl{l :..spJOJaJ J!lqn<;l" (j)
Illug 01 UO!llllJ!l!l I{"'ns ,(UIl ansmd AIlUl ,(UlldUlO:) al{) 'AJ!lod S!l{l .
)0 suo!s!foOJd (14) Aq p(lll!wJ(ld JO p(lJ!lIbaJ SIl asuapp Il pasodJaJu!, 'luaUlIUJsu! hJ!Jn:l:lS
JO UOJPIl AUIl )l{lllloJq aA1l1{ IfIll{s AUlldwoJ :ll{l J:lA:lU:lI{i\\ (p) Jal{lO JO 'paap lSJ\Jl 'lSlUl )0 p3:lp ':l1l1l8poUl :..a81l'clpoUl.. (a)
. A:)!Iod S!lj) JO UOIS!AOJd hUll aA!IlM JO AlIIlqll!l apaJuoJ hq:lJ:ll(l . A:)!lod S!l(l
IOU (flll(s pUll 'JapUnaJal(l a(qll!l aq IIlll(s l! 109 JO J:ll{l:lI{M 'h"'!lod Aq P:lJnSU! S! pU1l1 :ll{) UlOJ) pUP. oJ Ssa:l:lll )0 )I(ll!-lll I(J!I(M Ol )U:llX:l
S!I{) )0 SUlJa) aljl JapUII UOJPIl (llll!JdOJddll AUIl a)[lll hllW AUlldwo:) (l11l llW!I JO A)IPOW IfIll(s u!:lJal( llU!l{lOU lnq 'ShIlMJalIlM JO SAIlM
al(l pUll 'pamsul SIl lS:lJalU! JO alllls:l :ll(l Ol :lll!l :lI{J I{s!lqlllsa 01 'S:lUIlI 'SA:lIfll 'S:lnUaAll 'SpIlOJ 'sJ:l:lJJs lJumnqll UI luaW3Slla JO a)IlJs:l
alqlll!sap JO AJIlSSa:laU aq AIlUl uOlOldo Sl! UI I(J!I(M pll J:ll(lo hUll op 'lSaJalUI '(l1l!1 '11{8!-1 AUIl JOU 'y alnp:lI{JS II! oJ paJJapJ JO paqu:)s(lp
0) JO 8u!p:la:loJd JO UO!PIl hUll :l)n:l<lsOJd ,(Il(<'lp <lnpun 11l01(l!M pUll hllll:llJ!:l:lds 1l:lJ1l al{) )0 sau!I a4J PUOA<lq ApadoJd AUIl :lpnpu! JOu
alnmSUI OllSOJ UMO Sl! lllll{jjlJ al{l aA1l1( IfIll(s AUlldwo:) al{.L (:l) saop "PUIlI" UU<ll (11(1 'J(lA(lM04 'pap!AoJd ~Ap:ldoJd IIl:lJ aJnmSUO:l
Mill hq 4:l!I{M o)aJal{J paXlJJIl sJU<lUl<lAOJdUl! pUll 'y <l(np<lI(JS
'aJlpnfaJd U! <l:luaJajaJ Aq JO AIIIl:)lJ!:lads 'p(lqpJS(lp pU1l1 a41 :..PUIl(" (p)
I{:lns )0 )uaJxa :ll{) oJ hluO ual{l pUll <lJIIIIIl) 4Jns Aq pa:l!pnfaJd
(lq,IfllI(S AUlldwo;) al(J sS:lIun h:l!lod S!I{J Japun p<lJnSUI 4Jns AUIl )0 'spJo:)<lJ J!lqnd
wJ1{8!-1 al{) a:l!pnf:lJd aSIl:l ou U! 1I1l4s ^J!lOU 01 aJn\lll) llll{l 'JaAaMol{ AUIl JO UOSIl<lJ Aq p:'lJnsU! UIl oJ palndUl! (lq AIlW IP!I(M aJllOU JO
'p(lplAOJd ~paJlllb(lJ S! a:l!lOU ldwOJd I{:lns 1{:l!4M JO) SJallllW a8paIMou)[ :lA!PnJlsUOJ lOU ':l8p:'lIMOU)[ Illnpll :..<l8p<lIMOU)[" (:))
JO J:'lllIlUl :'l4J oJ pJdaJ U! <llllU!UlJ<ll pUll :lSllaJ IIlll{s hUlldUlO:)
<l4l )0 All\lqll!l Ifll pamsu! I{Jns 0) SIl U:'lI{J 'hUlldUlOJ al(l Ol 'J:'lpun(lJ(l4
UaA!jj aq JOu Iflll{s a:l!lou ldUloJd 4:)IIS )1 'alQllla)[J1lWUn SIl pap<lf<lJ alJllUlllp JO ssoI 8U!UI!IlP paJnsu! UIl :..JUIlUl!llp P(lJnSUI" (q)
S! 'p:'lJnSU! SIl 'JS:'lJ:'lJU! JO aJp.Jsa :'l1{1 oJ <llm J! (nO JO 'hJ!lod S!l{l )0
:'lnJ.f!A Aq <lIQIl!l aq AIlUl AUlldwOJ <l1J1 4J!I(M JO) :'l81lUlllp JO SSO( <lsnllJ 'SJOSS<l:):lns AJIlpnpg JO (l1IlJodJo:) JO 'U!)[ JO 1X<lU 'S<lA!llllU:'lS:lJd:'lJ
l1{8!UI I{:)!I{M pUll 'p<lmSU! SIl 'lS<lJ<llU! JO <lllllsa al{l Ol :'lH!1 :'l1{1 oJ IIlUOSJ:'ld 'SJOA!A.lns 'saas!A<lp 'S<l<lJnq!-llS!p 'SJ!(l4 '01 p<ll!W!I
asJ(lAPIl S! 1{:l!I{M lS:'lJ:'lJU! JO :'lH!l )0 UI!IlP ,(UIl )0 J(lPUII<lJ(l1J pamsul lOU Jnq '8u!pnpu! :lS1l1{:lmd UlOJ) p:'lI{S!nSu!lS!P SIl Mill )0 UO!JIlJ<ldo
UIl oJ aUlO:) 1fIl4S <lllpa(Mou)[ aSIlJ UI (10 ':'lAOqll (Il) U! I{PO) J<lS Aq P(lJIISU! 4:)IIS)0 lSaJa1U! al(l 01 paaJ:)lIs OI(M as041 'p(lmsul pawllu
SIl pasoW:'llU! S! asu:'l)ap JO un8:'lq S! 8u!p<l<l:)oJd JO UOIPIl AUIl :lSUJ U! al{J JSU!lllJll pilI{ <lAIlI{ AIlUl hUlldUlO:) al{l sasua)ap JO sJl{lJp AUIl
(!) lIumJM UI AlldwOJd hUlldwoJ :l1{1 h)!lOU IIlll{s p:'lmsu! :'l41. (q) 01 pafqns 'pUll 'y :'lInp:'lI{:lS U! p:'lUl1!U pamsu! :ll{l :..pamsul" (u)
'AJlJod SllJl Aq lsulIlllu pamsul J:lllllW J:ll{l JO ':'l:)uIlJqUln:lu:'l :UU:'lUl h:llJod S!I{J U! p:'lsn U:lIJM SWJaJ 8u!MOIIO) :l1{.L
'uan 'papp pa8:'lllu uu uodn p:'lpUIIO) S! UO!leli!ln 4JJ\S 1UI(l suua.L jO UOHlU!jaa '1
SNOI.l Vl0dI.lS aNY SNOI.lIONO:J
. A:)!lOd)O alllO III SpJOJ(lJ JlJqnd (11(1
U! sJlladdll S14lJp 4:)IIS JO (lSpJ(lX(I al{J )0 :l:l!lou ssaIun JaMod
(lJ!lod )0 sJ1{8!-1 Iqu3WUJ:lA08 JO U!IlUlOP JU(lUIW(I )0 sJI{8m 'Z
. A:)!lod S!4J Aq paJnsu! JsaJaJu! JO
aJlllsa alll JO) all{llA p!lld pilI{ lUllUlJllP p:'lJnSU! al{J )! p:'luJIlJsns 'uO!llllnlJaJ
u3aq aA1l1{ JOu PlnoM I{J!I{M a&UlIlP JO 8501 UI lJuntnsaJ IIlJuaUlUJaA08 JO :'l:lUllU!pJO 'Mill 4:)IIS AUIl )0 UO!JIl(O!A
(a) JO ~AJ!lOd )0 :'lJIlO OJ Juanb:lSqns p:llll:'lJ:l JO 8U!I{JllllU AUIl jO pajp a4l JO 'PUIlI al{l )0 1l:lJ1l JO SUO!SU:'lUl!P :'lI{J U!
(p) ~JUIlW!1lP paJilSU! (llfl 01 a:hUlllp JO ssoI ou U! 8umnS:'lJ UO!pnp3J Il JO d!I{SJ:lUMO U! uO!lIlJ1ldas Il 8umq!40Jd JO 'PUIlI
(:l) ~J:lpun:lJ:l1{ p;unslJ! UIl aUl1!:):lq lUllW!UP P:lJnSU! I(Jn8 :llllp :lI{J uo pap:'lJa JaJj1l:lJ:l1{ JO MOU JU(lUlaAOJdw! AUIl)O UO!lIlJO(
alJl 0) JO!Jd AUIldwo;) alfl oJ JUIlUl!IlP p:'lJnsu! al{J Aq 8U!l!-lM JO 5UO!SUaw!p 'JapIlJIl4J al{l 8u!,lllnSaJ JO 'puul :lI{J )0
U! p(lSOPS!P JOu pUll A:)!Iod S!I{J-Aq p:'lJnSU! JS:lJ:'lJU! JO :'lJuJS:l luaWAOfu:l JO :lSn 'A:luudnJ:lo :lI{J 8umq!I{OJ<! JO 8u!llllnlJaJ JO
OIl p;u!nb:lll JUIlUlJllP I{:ms :llllp al{l III JO A:)!lod jO alllO JIl 8IJ!P!-lJs:'lJ (sa:)ullu!pJO 8u!uoz pUllllu!pl!nq oJ pal!WIJ 109 lnq
J:lI{J!:l lUllWJIlP p;unslJ! alJl oJ UMOUl! Jnq SPJO:);u :l!lqnd :'ll{l llu!pnpul) UO!JIlInllaJ IlllU3WUJ:lA08 JO :l:lUIlU!PJO 'Mill hUY '{
Aq UMOqs JOU pUll AUIldUlO:) :ll{l Ol UMOU)[ 109 (q) ~lUIlWJIlP
pam8U! alJJ Aq OJ pa(lJ& JO p:'lUlnSSIl 'paJ:l))ns 'p:'lJIl:lJ:l (Il) :A:)!lod S!I{J
SJallllUl Jal{Jo JO 'SUI!1lP asJaApll 's(l()UIlJqwnJU(I 'su!al 'SP3jaO '[ )0 a81lJMOJ (lI{J WOJ) papnpx3 AIss:'lJdxa aJ1l sJallllUl 8u!MOIIO) al{.L
3nVll3AO:J WOHJ SNOIS01:JX3
.
,
.
SCHEDULE A .
. .
,
FILE NO. . GAL 81415 Date'of Policy ,
POLICY NO. 30-03683 AMOUNT
October 20, 1981 $42,000.00
at 2:10 P.M. Premo $205.00
1. Name of Insured
City of Bozeman, a municipal corporation
2. The estate or interest in the land described herein and which is covered by this Policy is:
Fee Simple
3. The estate or interest referred to herein is at Date of Policy vested in:
City of Bozeman, a municipal corporation
4. The land referred to in this Policy is described as follows:
Tract A-2 as shown on Certificate of Survey No. 473A, located
in the NW~ of Section 26, Township 1 South, Ran ge 5 East, M.P.M. ,
Gallatin County, Montana.
This Policy Valid Only If Schedule B Is Attached.
FORM T-330 (1-81) 330- 005346
American Land Title Association Owner's Policy, Form B 1970 (Amended 10-17-70)
Schedule A
.
ORIGINAL
, ,
.
~
, . SCHEDULE B
i
GAL 81415 .
FILE NO.
POLICY NO. 30-03683
This policy does not insure against loss or damage by reason of the following:
1. Rights or claims of parties in possession not shown by the public records.
2. Easements, or claims of easements, not shown by the public records.
3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a correct survey and
inspection of the premises would disclose and which are not shown by the public records,
4. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not
shown by the public records.
5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance thereof.
6. Any and all unpaid taxes, assessments and unredeemed tax sales.
7. Right of Way for di tche s , and canals as they may now be laid
out and flowing over, along and across the subject real property.
8. Reservations and restrictions contained in Certificate of Sub-
division Plat Approval dated June 25, 1979, recorded July 25,
1979 in Book 51 of Miscellaneous, page 877, records of Gallatin
County, Montana.
END OF SCHED ULE B
Countersigned by
Schedule B of this Policy consists of 1 Page
FORM T-331 (1-81) 331- 04617
American Land Title Association Owner's Policy, Form 1970 (Amended 10-17-70)
Schedule B
ORIGINAL
.
.
.
. ~
.
\
J
CONDITIONS AND STIPULATIONS
(CONTINUED)
shall accrue to an insured claimant until 30 days after such affecting one or more of said parcels but not all, the loss shall be
statement shall have been furnished. Failure to furnish such computed and settled on a pro rata basis as if the amount of
statement of loss or damage shall terminate any liability of the insurance under this policy was divided pro rata as to the value on
Company under this policy as to such loss or damage, Date of Policy of each separate parcel to the whole, exclusive of any
improvements made subsequent to Date of Policy, unless a liability
5. Options to Payor Otherwise Settle Claims or value has otherwise been agreed upon as to each such parcel by
The Company shall have the option to payor otherwise settle the Company and the insured at the time of the issuance of this
for or in the name of an insured claimant any claim insured against policy and shown by an express statement herein or by an
or to terminate all liability and obligations of the Company endorsement attached hereto,
hereunder by paying or tendering payment of the amount of
insurance under this policy together with any costs, attorneys' fees II. Subrogation Upon Payment or Settlement
and expenses incurred up to the time of such payment or tender of Whenever the Company shall have settled a claim under this
payment, by the insured claimant and authorized by the Company. policy, all right of subrogation shall vest in the Company unaffected
by 'any act of the insured claimant, The Company shall be
6. Determination and Payment of Loss subrogated to and be entitled to all rights and remedies which such
(a) The liability of the Company under this policy shall in no insured claimant would have had against any person or property in
case exceed the least of: respect to such claim had this policy not been issued, and if
requested by the Company, such insured claimant shall transfer to
(i) the actual loss of the insured claimant; or the Company all rights and remedies against any person or property
necessary in order to perfect such right of subrogation and shall
(ii) the amount of insurance stated in Schedule A, permit the Company to use the name of such insured claimant in
, ," , ' any transaction or litigation involving such rights or remedies, If the
(b) fhe Coml'any will pay, In addItIOn te;> any loss, Insured payment does not cover the loss of such insured claimant, the
against by thiS polIcy, all costs Imposed upo~ an Insured In lItigatIOn Company shall be subrogated to such rights and remedies in the
carned ~n by the Com,pany ,f,?r, ~uch, In,sured, and all costs, proportion which said payment bears to the amount of said loss, If
attorneys fees and expenses In lItigatIOn cawed on by such Insured loss should result from any act of such insured claimant, such act
With the wntten authOrIZatIOn of the Company, shall not void this policy, but the Company, in that event, shall be
_ " .' _ required to pay only that part of any losses insured against
(c) W~~n lIabIlIty, has ~een definItely fixed In accordance With hereunder which shall exceed the amount, if any, lost to the
the condItions of thIS polIcy, the loss or damage shall be payable Company by reason of the impairment of the right of subrogation,
within 30 days thereafter,
7. Limitation of Liability 12. Liability Limited to this Policy
No claim shall arise or be maintainable under this policy (a) if This instrument together with all endorsements and other
the Company, after having received notice of an alleged defect, lien instruments, if any, attached hereto by the Company is the entire
or encumbrance insured against hereunder, by litigation or policy and contract between the insured and the Company,
otherwise, removes such defect, lien or encumbrance or establishes
the title, as insured, within a reasonable time after receipt of such Any claim of loss or damage, whether or not based on
notice; (b) in the event of litigation until there has been a final negligence, and which arises out of the status of the title to the
determination by a court of competent jurisdiction, and disposition estate or interest covered hereby or any action asserting such claim,
of all appeals therefrom, adverse to the title, as insured, as provided shall be restricted to the provisions and conditions and stipulations
in paragraph 3 hereof; or (c) for liability voluntarily assumed by an of this policy,
insured in settling any claim or suit without prior written consent of
the Company, No amendment of or endorsement to this policy can be made
except by writing endorsed hereon or attached hereto signed by
, " , either Ihe President, a Vice President, the Secretary, an Assistant
8. ReductIOn of LiabIlIty, _ Secretary, or validating officer or authorized signatory of the
All payments under thiS polIcy, except payments made for costs, Company,
attorneys' fees and expenses, shall reduce the amount of the
insurance pro tanto, No payment shall be made without producing I3.Notices Where Sent
this policy for end.orsem~nt of such payment unless the policy be (Provisi~ns rclating to notice shall conform to the practice of the
lost or destroyed, In whIch case proof of such loss or destructIOn issuing company; the following is shown as an illustration,)
shall be furnished to the satisfaction of the Company,
All notices required to be given the Company and any statement
9. Liability Noncumulative in writing lequired to be furnished the ,Company shall be addressed
It is expressly understood that the amount of insurance under to It at ItS maIn office (or the office Issumg such polIcy),
this policy shall be reduced by any amount the Company may pay
under any policy insuring either (a) a mortgage shown or referred to
in Schedule B hereof which is a lien on the estate or interest covered Rde/,.., AI t,I---I""'" · Com
by this policy, or (b) a mortgagc hereafter executed by an insured u,,.a luna .n...n8uranc. pliny
which is a charge or lien On the estate or interest described or 1776 South Jackson Street Denver CO 80210
referred to in Schedule A, and the amount so paid shall be deemed a 303 7583553
payment under this policy, The Company shall have the option to
apply to the payment of any such mortgages any amount that
otherwise would be payable hereunder to the insured owner of the
estate or intcrest covered by this policy and the amount so paid
shall be deemed a payment under this policy to said insured owner,
10. Apportionmen ts
If the land described in Schedule A consist3 of two or more
parcels which are not used as a single site, and a loss is established
:
.
.
" .
I
~
FIDELITY
NATIONAL
TITLE
INSURANCE
COMPANY
Rdelity National Title Insurance Company
1776 South Jackson Street Denver CO 80210
303 758 3553