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COMMITMENT FOR TITLE INSURANCE T-7
ISSUED BY
WFC NATIONAL TITLE INSURANCE COMPANY
SCHEDULE A
Effective Date: February 12,2015,8:00 am GF No. 151876
Commitment No.issued February 13,2015,
1. The policy or policies to be issued are:
a. OWNER'S POLICY OF TITLE INSURANCE(Form T-1)
(Not applicable for improved one-to-four family residential real estate)
Policy Amount: $1,550,000.00
PROPOSED INSURED: TDI-Brooks Development LLC
b. TEXAS RESIDENTIAL OWNER'S POLICY OF TITLE INSURANCE
ONE-TO-FOUR FAMILY RESIDENCES(Form T-1R)
Policy Amount:
PROPOSED INSURED:
c. LOAN POLICY OF TITLE INSURANCE(Form T-2)
Policy Amount: $2,900,000.00
PROPOSED INSURED: The Bank&Trust of Bryan/College Station
Proposed Borrower: TDI-Brooks Development LLC
d. TEXAS SHORT FORM RESIDENTIAL LOAN POLICY OF TITLE INSURANCE(Form T-2R)
Policy Amount:
PROPOSED INSURED:
Proposed Borrower:
e. LOAN TITLE POLICY BINDER ON INTERIM CONSTRUCTION LOAN(Form T-13)
Binder Amount:
PROPOSED INSURED:
Proposed Borrower:
f. OTHER
Policy Amount:
PROPOSED INSURED:
2. The interest in the land covered by this Commitment is: Fee Simple
3. Record title to the land on the Effective Date appears to be vested in:
City of College Station
4. Legal description of land:
Being all that certain 63.187 acres of land, more or less, lying and being situated in the SAMUEL W.
ROBERTSON LEAGUE, Abstract No. 202, College Station, Brazos County,Texas, being all of that 65.00
acre tract conveyed to the City of College Station by Deed recorded in Volume 1422, page 133, Official
Records of Brazos County,Texas,SAVE AND EXCEPT 1.229 acres reserved for additional right of way of
Rock Prairie Road East and a 0.566 acre tract at the northeast corner, and being more particularly
described as follows:
COMMENCING at a 1/2" iron rod found at the northeast corner of the said 65 acre tract, in the present
southwest line of Rock Prairie Road East, from where City of College Station GPS control monument no.
257 bears S 63°21'52" E-1107.05 feet;
THENCE S 28°35' 05" W-248.08 feet,along the southeast line of the said 65 acre tract,to a 1/2" iron rod
with an orange plastic cap stamped"H.P.Mayo RPLS 5045"set for the Point of Beginning of this tract;
THENCE S 28° 35' 05" W - 901.76 feet, continuing along the southeast line of the said 65 acre tract, to a
1/2" iron rod found at the beginning of a tangent curve to the right;
FORM T-7: Commitment for Title Insurance Page 1
THENCE continuing along the southeast line of said 65 acre tract,a long the arc of the curve(Rad=1295.61
feet), through a central angle of 35° 57' 54" (Ch.=S 46°34' 02" W- 799.98 feet to a 1/2" iron rod found at
the end of the curve;
THENCE S 64° 41' 33" W- 120.54 feet, continuing along the southeast line of the said 65 acre tract,to a
5/8" iron rod found at the common corner of the 65 acre tract and that 677.49 acre Tract 5 conveyed to
Pebble Creek Development Company by Deed recorded in Volume 1671, page 276, Official Records of
Brazos County,Texas;
THENCE N 26° 07' 27" W-2136.86 feet, along the common line of the said 65 acre and 677.49 acre tracts,
to a 5/8" iron rod found with a plastic cap stamped"Quadrant Systems" at an angle point;
THENCE N 12° 36' 43" E - 402.72 feet,continuing along the said common line,to a 1/2" iron Rod with an
orange plastic cap stamped "H.P. Mayo RPLS 5045" set for the northwest corner of this tract in the
proposed southwest right of way line of Rock Prairie Road East, from where another 5/8" iron rod found
with a plastic cap stamped "Quadrant Systems" at the common corner of the said 65 acre and 677.49 acre
tracts in the current southwest line of Rock Prairie Road East bears N 12°36'43" E-20.68 feet;
THENCE along the said proposed southwest right of way line of Rock Prairie Road East as follows:
S 78°57' 13" E-492.61 feet to a 1/2" iron rod with an orange plastic cap stamped "H.P. Mayo RPLS 5045"
set for an angle point;
S 79°29' 45" E-359.75 feet to a 1/2" iron rod with an orange plastic cap stamped "H.P.Mayo RPLS 5045"
set for the beginning of a tangent curve to the right with a radius of 2070.00 feet;
Along said curve through a central angle of 18°13'49" (Ch.=S 70°22'50" E-655.86 feet)to a 1/2" iron rod
with an orange plastic cap stamped"H.P.Mayo RPLS 5045" set at its end;
S 61° 15' 56" E-491.37 feet to a 1/2" iron rod with an orange plastic cap stamped"H.P.Mayo RPLS 5045"
set for the northeast corner of this tract;
THENCE S 16° 20' 25" E-314.49 feet,through the said 65 acre tract,to the POINT OF BEGINNING and
containing 63.187 acres of land,more or less.
NOTE:The Company is prohibited from insuring the area or quantity of the land described herein.Any
statement in the above legal description of the area or quantity of land is not a representation that such area or
quantity is correct,but is made only for informational and/or identification purposes and does not override item 2
of Schedule B hereof.
COMMITMENT FOR TITLE INSURANCE T-7
ISSUED BY
GF No. 151876
WFG NATIONAL TITLE INSURANCE COMPANY
SCHEDULE B
EXCEPTIONS FROM COVERAGE
In addition to the Exclusions and Conditions and Stipulations, your Policy will not cover loss, costs, attorney's fees, and
expenses resulting from:
1. The following restrictive covenants of record itemized below(We must either insert specific recording data or delete this
exception):
Item No. 1 is hereby deleted in its entirety.
2. Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any
overlapping of improvements.
3. Homestead or community property or survivorship rights, if any of any spouse of any insured. (Applies to the Owner's
Policy only.)
4. Any titles or rights asserted by anyone, including,but not limited to, persons, the public, corporations, governments or
other entities,
a. to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays,
gulfs or oceans,or
b. to lands beyond the line of the harbor or bulkhead lines as established or changed by any government,or
c. to filled-in lands,or artificial islands,or
d. to statutory water rights,including riparian rights,or
e. to the area extending from the line of mean low tide to the line of vegetation,or the rights of access to that area or
easement along and across that area.
(Applies to the Owner's Policy only.)
5. Standby fees, taxes and assessments by any taxing authority for the year 2015, and subsequent years; and subsequent
taxes and assessments by any taxing authority for prior years due to change in land usage or ownership, but not those
taxes or assessments for prior years because of an exemption granted to a previous owner of the property under Section
11.13, Texas Tax Code, or because of improvements not assessed for a previous tax year. (If Texas Short Form
Residential Loan Policy of Title Insurance (T-2R) is issued, that policy will substitute "which become due and payable
subsequent to Date of Policy"in lieu of"for the year 2015 and subsequent years.")
6. The terms and conditions of the documents creating your interest in the land.
7. Materials furnished or labor performed in connection with planned construction before signing and delivering the lien
document described in Schedule A, if the land is part of the homestead of the owner. (Applies to the Loan Title Policy
Binder on Interim Construction Loan only, and may be deleted if satisfactory evidence is furnished to us before a binder
is issued.)
8. Liens and leases that affect the title to the land, but that are subordinate to the lien of the insured mortgage. (Applies to
Loan Policy(T-2)only.)
9. The Exceptions from Coverage and Express Insurance in Schedule B of the Texas Short Form Residential Loan Policy of
Title Insurance(T-2R). (Applies to Texas Short Form Residential Loan Policy of Title Insurance(T-2R)only.) Separate
exceptions 1 through 8 of this Schedule B do not apply to the Texas Short Form Residential Loan Policy of Title
FORM T-7: Commitment for Title Insurance Page 3
Continuation of Schedule B GF No. 151876
Insurance(T-2R).
10. The following matters and all terms of the documents creating or offering evidence of the matters(We must insert matters
or delete this exception.):
a. Rights of Parties in Possession. (Owner's Policy Only)
b. Easements,or claims of easements,which are not recorded in the public records. (Owner's Policy Only)
c. Utility Easement from College Station Economic Development Foundation to City of College Station, dated
May 12,1987,recorded in Volume 971,page 39,Official Records of Brazos County,Texas.
d. Royalty reservation in Deed from The Federal Land Bank to H. R. Brayton et al,dated November 2, 1934,
recorded in Volume 87, page 534, Deed Records of Brazos County,Texas. Title to this reservation has not
been traced subsequent to the date of the above-cited instrument.
e. Mineral reservation in Deed from L.D. Smith to S. L. Sluder,dated June 1, 1940,recorded in Volume 103,
page 612,Deed Records of Brazos County,Texas.Title to this reservation has not been traced subsequent to
the date of the above-cited instrument.
f. Royalty reservation in Deed from C. C. Hedges et al to J. H. Stockton, dated January 2, 1948,recorded in
Volume 133,page 301,Deed Records of Brazos County,Texas.Title to this reservation has not been traced
subsequent to the date of the above-cited instrument.
g. Royalty reservation in Deed from B. R. Dixon et al to J.E. Marsh,dated April 6, 1948,recorded in Volume
134, page 551, Deed Records of Brazos County, Texas. Title to this reservation has not been traced
subsequent to the date of the above-cited instrument.
h. Royalty reservation in Deed from J.E.Marsh et ux to Henry B.Clay,dated November 30,1967,recorded in
Volume 266,page 238,Deed Records of Brazos County,Texas.Title to this reservation has not been traced
subsequent to the date of the above-cited instrument.
i. Mineral reservation in Deed from Kenneth M. Morris,Trustee to Robert F.Spearman,dated July 16, 1981,
recorded in Volume 488,page 197,Deed Records of Brazos County,Texas.Title to this reservation has not
been traced subsequent to the date of the above-cited instrument.
j. Estate created by Oil and Gas Leases from Kenneth M. Morris,Trustee to R. L. Reese, dated February 13,
1978 and March 30, 1979, recorded in Volume 31, page 529 and Volume 34, page 639, O&GL Records of
Brazos County, Texas. Title to this lease has not been traced subsequent to the date of the above-cited
instrument.
k. Estate created by Oil and Gas Leases from Vernon F.Runnels et al to Ameritex Minerals,Inc.,dated May 8,
1990, recorded in Volume 1192, pages 551 and 554, Volume 1193, page 783 and Volume 1194, page 209,
Official Records of Brazos County, Texas, as ratified by instruments recorded in Volume 1252, pages 216,
218,220,222,224,226 and 228,Volume1297,pages 197,199,201,205,207,209,211,213,215,217,219,221,
223, 225, 227, 229, 231 and 233, Volume 1350, pages 217, 219, 220, 222, 224, 226, 228, 230, 232, 234, 236,
239,243,245,247,249,251,253,255,257,259,261,263,265 and 267,Volume 1372,pages 268,270 and 275
and Volume 1615,page 303,and amended in Volume 1251,page 288,Volume 1634,pages 156,160 and 165,
Volume 1638, page 244, Volume 1644, page 42, Volume 2672, pages 194, 196, 215 and 222, Volume 2818,
page 47 and Volume 8503,pages 211,213,215,219,221,223,231,233,235,237,239 and 247,Volume 8525,
page 245 and Volume 8553,page 67,Official Records of Brazos County,Texas.
1. Estate created by Oil and Gas Leases from Enoch E. Smith et al to Ameritex Minerals,Inc., dated June 6,
1990, recorded in Volume 1193,page 786 and 791,Official Records of Brazos County,Texas,as ratified by
FORM T-7: Commitment for Title Insurance Page 4
Continuation of Schedule B GF No. 151876
instruments recorded in Volume 8503,pages 217 and 249,Official Records of Brazos County,Texas. Title to
this lease has not been traced subsequent to the date of the above-cited instrument.
m. Estate created by Oil and Gas Lease(s)from 2316 Minerals,Ltd.,et al to Anadarko E&P Onshore,LLC,
recorded in Volume 11998,pages 90,92,94,96,98,100,102,104,106,108,110,112 and 114,Official
Records of Brazos County,Texas. Title to said lease(s)has not been traced subsequent to the date of the
above-cited instrument.
n. Terms and conditions contained in Release of Surface Rights executed by Kenneth M. Morris, Trustee,
dated January 28,1988,recorded in Volume 1025,page 826,Official Records of Brazos County,Texas.
o. Terms and conditions contained in Partial Surface Waiver dated March 14, 2013, recorded in Volume
11226,page 104,Official Records of Brazos County,Texas.
p. All leases, grants, exceptions or reservations of coal, lignite, oil, gas and other minerals, together with all
rights, privileges and immunities relating thereto, appearing in the Public Records, whether listed in
Schedule B or not. There may be leases, grants,exceptions or reservations of mineral interests that are not
listed.
q. The Tax Certificate furnished by the taxing authorities is issued on real estate only. It does not include
minerals and/or personal property,therefore, no liability is assumed herein for the payment of said mineral
and/or personal property tax.
NOTE:FOR INFORMATION ONLY: Lender's File/Loan/Reference Number is to be determined.
FORM T-7: Commitment for Title Insurance Page 5
COMMITMENT FOR TITLE INSURANCE T-7
ISSUED BY
GF No. 151876
WFC NATIONAL TITLE INSURANCE COMPANY
SCHEDULE C
Your Policy will not cover loss, costs, attorneys' fees, and expenses resulting from the following requirements that will
appear as Exceptions in Schedule B of the Policy, unless you dispose of these matters to our satisfaction,before the date the
Policy is issued:
1. Documents creating your title or interest must be approved by us and must be signed,notarized and filed for record.
2. Satisfactory evidence must be provided that:
a. no person occupying the land claims any interest in that land against the persons named in paragraph 3 of
Schedule A,
b. all standby fees,taxes,assessments and charges against the property have been paid,
c. all improvements or repairs to the property are completed and accepted by the owner,and that all contractors,
sub-contractors,laborers and suppliers have been fully paid,and that no mechanic's,laborer's or materialmen's
liens have attached to the property,
d. there is legal right of access to and from the land,
e. (on a Loan Policy only)restrictions have not been and will not be violated that affect the validity and priority
of the insured mortgage.
3. You must pay the seller or borrower the agreed amount for your property or interest.
4. Any defect, lien or other matter that may affect title to the land or interest insured, that arises or is filed after the
effective date of this Commitment.
5. NOTE: Procedural Rule P-27 as provided for in Article 9.39A of the Texas Insurance Code requires that "Good
Funds"be received and deposited before a Title Agent may disburse from its Trust Fund Account..
6. Company will require tax certificates on the subject property showing all taxes paid up to and including the
year 2014.
7. Company must be furnished a properly executed corporate resolution in recordable form of the Board of
Directors of TDI-Brooks Development Corp.authorizing the proposed transaction and establishing
authority of the officers to act on behalf of the corporation.Evidence must be furnished establishing the
current corporate standing of said Company.
8. Company will require a properly executed Waiver of Inspection.
9. Company will require a properly executed Affidavit as to debts and liens.
10. "The title insurance policy being issued to you contains an Arbitration Provision. It allows you or the
Company to require arbitration if the amount of Insurance is$2,000,000 or less. If you want to retain your
right to sue the Company in case of a dispute over a claim, you must request deletion of the Arbitration
Provision before the policy is issued. If you are the purchaser in the transaction and elect deletion of the
Arbitration Provision,a form will be presented to you at closing for execution. If you are the lender in the
transaction and desire deletion of the Arbitration Provision, please inform us through your Closing
Instructions."
FORM T-7: Commitment for Title Insurance Page 6
Continuation of Schedule C GF No. 151876
Countersigned
Brazos County Abstract Company
ucitL-)1L_.0
O
By
Authorized Counter Signature
FORM T-7: Commitment for Title Insurance Page 7
COMMITMENT FOR TITLE INSURANCE
SCHEDULE D
GF No. 151876 Effective Date:February 12,2015,8:00 am
Pursuant to the requirements of Rule P-21,Basic Manual of Rules,Rates and Forms for the writing of Title Insurance in the State of
Texas,the following disclosures are made:
1. The following individuals are directors and/or officers,as indicated,of the Title Insurance Company issuing this Commitment
The following individuals are directors and/or officers,as indicated,of WFG National Title Insurance Company:
DIRECTORS: OFFICERS:
Patrick F.Stone Patrick F.Stone,Chief Executive Officer and President
Michael T.Gallaher Michael T.Gallaher,Executive Vice President,Chief Financial Officer and Treasurer
Joseph V.McCabe Steven H.Winkler,Senior Vice President and Secretary
Joseph F.Drum,Jr. Joseph V.McCabe,Executive Vice President and General Counsel
Cynthia Lee Tucker Joseph F.Drum,Jr.,Executive Vice President
John R.Wooldridge,Jr.,Senior Vice President/Controller
Cynthia Lee Tucker,Executive Vice President
Williston Financial Group LLC owns 100%of the stock of WFG National Title Insurance Company.Williston Holdings LLC
owns 100%of the LLC interests in Williston Financial Group LLC.
2. The following disclosures are made by the Title Insurance Agent issuing this Commitment: Brazos County Abstract Company
a. The names of each shareholder,owner,partner or other person having,owning or controlling one percent(1%)or more
of the Title Insurance Agent that will receive a portion of the premium are as follows:Texan Title Holdings,LLC
b. Each shareholder,owner,partner or other person having,owning or controlling ten percent(10%)or more of an entity
that has,owns or controls one percent(1%)or more of the Title Insurance Agent that will receive a portion of the
premium are as follows:Texan Title Holdings,LLC is owned 100%by Patrick F.Doyle
c. The following persons are officers and directors of the Title Insurance Agent:
DIRECTORS OFFICERS
Patrick F.Doyle Patrick F.Doyle,President
Randal Seewald,Chief Operating Officer
Lisa Kemp,Vice President
Linda Morgan,Vice President
Diane C.Ganzer,Controller/Secretary/Treasurer
3. You are entitled to receive advance disclosure of settlement charges in connection with the proposed transaction to which this
commitment relates. Upon your request, such disclosure will be made to you. Additionally, the name of any person, firm or
corporation receiving a portion of the premium from the settlement of this transaction will be disclosed on the closing or
settlement statement.
You are further advised that the estimated title premium'is:
Owner's Policy $8,369.00
Loan Policy $6,256.00
Endorsement Charges $826.25
Other $0.00
Total $15,451.25
Of this total amount: 15%will be paid to the policy issuing Title Insurance Company:85%will be retained by the issuing Title
Insurance Agent;and the remainder of the estimated premium will be paid to other parties as follows:
Amount To Whom For Services
" *The estimated premium is based upon information furnished to us as of the date of this Commitment for Title Insurance. Final
determination of the amount of the premium will be made at closing in accordance with the Rules and Regulations adopted by the
Commissioner of Insurance."
FORM T-7: Commitment for Title Insurance Page 8
COMMITMENT FOR TITLE INSURANCE(Form T-7)
TEXAS TITLE INSURANCE INFORMATION
Title insurance insures you against loss resulting from certain risks to your title.
The commitment for Title Insurance is the title insurance company's promise to issue the title insurance policy. The
commitment is a legal document.You should review it carefully to completely understand it before your closing date.
El seguro de titulo le asegura en relacion a perdidas resultantes de ciertos riesgos que pueden afectar el titulo de su
propiedad.
El Compromiso para Seguro de Titulo es la promesa de la compafiia aseguradora de titulos de emitir la poliza de seguro de
titulo. El Compromiso es un documento legal.Usted debe leerlo cuidadosamente y entenderlo completamente antes de la
fecha para finalizar su transaccion.
Your Commitment of Title insurance is a legal contract between you and us. The Commitment is not an opinion or report
of your title. It is a contract to issue you a policy subject to the Commitment's terms and requirements.
Before issuing a Commitment for Title Insurance (the Commitment) or a Title Insurance Policy (the Policy), the Title
Insurance Company(the Company)determines whether the title is insurable. This determination has already been made. Part
of that determination involves the Company's decision to insure the title except for certain risks that will not be covered by the
Policy. Some of these risks are listed in Schedule B of the attached Commitment as Exceptions. Other risks are stated in
the Policy as Exclusions. These risks will not be covered by the Policy. The Policy is not an abstract of title nor does a
Company have an obligation to determine the ownership of any mineral interest.
-MINERALS AND MINERAL RIGHTS may not be covered by the Policy. The Company may be unwilling to
insure title unless there is an exclusion or an exception as to Minerals and Mineral Rights in the Policy. Optional
endorsements insuring certain risks involving minerals, and the use of improvements (excluding lawns, shrubbery and trees)
and permanent buildings may be available for purchase. If the title insurer issues the title policy with an exclusion or
exception to the minerals and mineral rights,neither this Policy,nor the optional endorsements, ensure that the purchaser has
title to the mineral rights related to the surface estate.
Another part of the determination involves whether the promise to insure is conditioned upon certain requirements being
met. Schedule C of the Commitment lists these requirements that must be satisfied or the Company will refuse to cover them.
You may want to discuss any matters shown in Schedules B and C of the Commitment with an attorney. These matters will
affect your title and your use of the land.
When your policy is issued,the coverage will be limited by the Policy's Exceptions, Exclusions and Conditions,defined
below.
-EXCEPTIONS are title risks that a Policy generally covers but does not cover in a particular instance. Exceptions
are shown on Schedule B or discussed in Schedule C of the Commitment. They can also be added if you do not
comply with the Conditions section of the Commitment. When the Policy is issued, all Exceptions will be on
Schedule B of the Policy.
-EXCLUSIONS are title risks that a Policy generally does not cover. Exclusions are contained in the Policy but not
shown or discussed in the Commitment.
- CONDITIONS are additional provisions that qualify or limit your coverage. Conditions include your
responsibilities and those of the Company. They are contained in the Policy but not shown or discussed in the
Commitment. The Policy Conditions are not the same as the Commitment Conditions.
You can get a copy of the policy form approved by the Texas Department of Insurance by calling the Title Insurance
Company at (210) 444-9120 or by calling the title insurance agent that issued the Commitment. The Texas Department of
Insurance may revise the policy form from time to time.
FORM T-7: Commitment for Title Insurance Page 9
Continuation of Texas Title Insurance Information GF No. 151876
You can also get a brochure that explains the policy from the Texas Department of Insurance by calling 1-800-252-
3439.
Before the Policy is issued,you may request changes in the policy. Some of the changes to consider are:
- Request amendment of the"area and boundary"exception(Schedule B,paragraph 2). To get this amendment,you
must furnish a survey and comply with other requirements of the Company. On the Owner's Policy,you must pay an
additional premium for the amendment. If the survey is acceptable to the Company and if the Company's other
requirements are met,your Policy will insure you against loss because of discrepancies or conflicts in boundary lines,
encroachments or protrusions, or overlapping of improvements. The Company may then decide not to insure against
specific boundary or survey problems by making special exceptions in the Policy. Whether or not you request
amendment of the"area and boundary" exception,you should determine whether you want to purchase and review a
survey if a survey is not being provided to you.
- Allow the Company to add an exception to"rights of parties in possession." If you refuse this exception,the Company
or the title insurance agent may inspect the property. The Company may except to and not insure you against the rights
of specific persons,such as renters,adverse owners or easement holders who occupy the land. The Company may charge
you for the inspection. If you want to make your own inspection,you must sign a Waiver of Inspection form and allow
the Company to add this exception to your Policy.
The entire premium for a Policy must be paid when the Policy is issued. You will not owe any additional premiums
unless you want to increase your coverage at a later date and the Company agrees to add an Increased Value Endorsement.
FORM T-7: Commitment for Title Insurance Page 10
DELETION OF ARBITRATION PROVISION
(Not applicable to the Texas Residential Owner's Policy)
ARBITRATION is a common form of alternative dispute resolution. It can be a quicker and cheaper means to settle a
dispute with your Title Insurance Company. However, if you agree to arbitrate, you give up your right to take the Title
Insurance Company to court and your rights to discovery of evidence may be limited in the arbitration process. In
addition,you cannot usually appeal an arbitrator's award.
Your policy contains an arbitration provision (shown below). It allows you or the Company to require
arbitration if the amount of insurance is $2,000,000 or less. If you want to retain your right to sue the Company in
case of a dispute over a claim,you must request deletion of the arbitration provision before the policy is issued. You
can do this by signing this form and returning it to the Company at or before the closing of your real estate
transaction or by writing to the Company.
The arbitration provision in the Policy is as follows:
"Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration
pursuant to the Title Insurance Arbitration Rules of the American Land Title Association ("Rules"). Except as
provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons.
Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the
Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy
provision, or to any other controversy or claim arising out of the transaction giving rise to this policy.All arbitrable
matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company
or the Insured, unless the Insured is an individual person (as distinguished from an Entity). All arbitrable matters
when the Amount of Insurance is in excess of$2,000,000 shall be arbitrated only when agreed to by both the
Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties.
Judgment upon the award rendered by the Arbitrator(s)may be entered in any court of competent jurisdiction."
SIGNATURE DATE
(Not applicable to the Texas Residential Owner's Policy)
FORM T-7: Commitment for Title Insurance Page 11