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4, A. IO A COMMITMENT FOR TITLE INSURANCE (Form T-7)
ISSUED BY:ALLIANT NATIONAL TITLE INSURANCE COMPANY
THE FOLLOWING COMMITMENT FOR TITLE INSURANCE IS NOT VALID UNLESS YOUR NAME AND
THE POLICY AMOUNT ARE SHOWN IN SCHEDULE A, AND OUR AUTHORIZED REPRESENTATIVE
HAS COUNTERSIGNED BELOW.
We. Alliant National Title Insurance Company, will issue our title insurance policy or policies (the Policy)to You (the proposed insured)
upon payment of the premium and other charges due, and compliance with the requirements in Schedule C. Our Policy will be in the
form approved by the Texas Department of Insurance at the date of issuance, and will insure your interest in the land described in
Schedule A. The estimated premium for our Policy and applicable endorsements is shown on Schedule D. There may be additional
charges such as recording fees, and expedited delivery expenses.
This Commitment ends ninety (90) days from the effective date, unless the Policy is issued sooner, or failure to issue the Policy is our
fault. Our liability and obligations to you are under the express terms of this Commitment and end when this Commitment expires.
ATTEST:
+ ourdersagned ALLIANT NATIONAL TITLE INSURANCE COMPANY
University Title Company
1021 University Drive Eastr
P.O. Drawer Dt '` • #�r�ssitieant
College Station,TX 77841-5079 1 SEAL
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Authorized Signatory
CONDITIONS AND STIPULATIONS
1. If you have actual knowledge of any matter which may affect the title or mortgage covered by this Commitment, that is not shown
in Schedule B, you must notify us in writing. If you do not notify us in writing, our liability to you is ended or reduced to the extent that
your failure to notify us affects our liability. If you do notify us,or we learn of such matter,we may amend Schedule B, but we will not be
relieved of liability already incurred.
2. Our liability is only to you, and others who are included in the definition of Insured in the Policy to be issued. Our liability is only for
actual loss incurred in your reliance on this Commitment to comply with its requirements, or to acquire the interest in the land. Our
liability is limited to the amount shown in Schedule A of this Commitment and will be subject to the following terms of the Policy:
Insuring Provisions, Conditions and Stipulations, and Exclusions.
TX Form T-7 Commitment
ANTIC#928
COMMITMENT FOR TITLE INSURANCE
Issued By
Alliant National Title Insurance Company
SCHEDULE A
Effective Date: August 21,2014,08:00 a.m. GF No. 143067
Commitment issued: September 4,2014
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:
PROPOSED INSURED:
(b) TEXAS RESIDENTIAL OWNER'S POLICY OF TITLE INSURANCE
-ONE-TO-FOUR FAMILY RESIDENCES(Form T-1R)
Policy Amount: $250,000.00
PROPOSED INSURED: Roland Sanchez and Jennifer A.Sanchez
(c) LOAN POLICY OF TITLE INSURANCE(Form T-2)
Policy Amount: $255,375.00
PROPOSED INSURED: SFMC LP DBA Service First Mortgage Company
Proposed Borrower: Roland Sanchez and Jennifer A.Sanchez
(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:
DRA-Trinity Builders, LLC,a Texas Limited Liability Company
4. Legal description of the land:
Lot Fourteen(14), Block Two(2),Duck Haven Subdivision Phase One, Brazos County,according to plat thereof
recorded in Volume 4858,Page 114,of the Official Records of Brazos County,Texas.
FORM T-7: Commitment for Title Insurance
COMMITMENT FOR TITLE INSURANCE
Issued By
Alliant 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, attorneys' 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):
Volume 4858,Page 114(on plat); Volume 5883,Page 224; Volume 7538,Page 21; Volume 10962,Pages 25,29, 109&
130; Volume 10976,Pages 7,13, 18,22,26,30,35,41 &96; Volume 11768,Page 201; Volume 11780,Page 54 and
Volume 11871, Page 291,Official Records,Brazos County,Texas,but deleting any covenants,conditions or
restrictions indicating a preference,limitation or discrimination based on race,color,religion,sex,handicap,familial
status,or national origin unless and only to the extent that said covenant(a)is exempt under Chapter 42,Section 3607
of the United States Code or(b)relates to handicap but does not discriminate against handicapped persons.
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 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 2014, 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
(T-2R) is issued,that policy will substitute "which become due and payable subsequent to Date of Policy" in lieu of"for the
year 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
FORM T-7: Commitment for Title Insurance
Continuation of Schedule B GF No. 143067
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 (T-
2R). (Applies to Texas Short Form Residential Loan Policy(T-2R)only. Separate exceptions 1 through 8 of this Schedule B
do not apply to the Texas Short Form Residential Loan Policy(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 POLICY ONLY)
b. 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 interest that are not listed.
c. 50' building line, 16' public utility easement along the north side; 20' building line, 10' public utility easement
along the east side; 20' public utility easement along the south side;20' building line,20' public utility
easement;30; drainage easement(part on property)along the west side as shown on plat recorded in Volume
4858,Page 114 of the Official Records of Brazos County,Texas; as set out in restrictions recorded in Volume
5883,Page 224 of the Official Records of Brazos County,Texas as shown on survey prepared on July 25,
2014,under the supervision of William P. Price,R.P.L.S.#3047.
d. Encroachment of existing house into the building line on the east and west side(s)of the property, as shown
on survey prepared on July 25,2014,under the supervision of William P.Price,R.P.L.S.#3047. Note: Upon
payment of the applicable premium and issuance of the T19 endorsement,this exception shall be shown on the
Owner's Policy only.
e. Variance:
Parties: Duck Haven Homeowners Association,Inc.
Dated: July 23,2014
Recorded: Volume 12171,Page 134,Official Records,Brazos County,Texas.
f. Encroachment of existing house into the 20' public utility easement on the west side(s)of the property,as
shown on survey prepared on July 25,2014,under the supervision of William P. Price,R.P.L.S.#3047. "As to
this exception,paragraph 4(c)of Endorsement T-19 is hereby deleted."
g. Maintenance Charges and the Lien securing the payment of the same,as set out in restrictions recorded in
Volume 5883,Page 224 of the Official Records of Brazos County,Texas.
h. Blanket Easement:
From: Martin L. Schehin,et al
To: City of Bryan
Dated: December 8, 1975
Recorded: Volume 346,Page 370,Deed Records,Brazos County,Texas.
i. Terms,Conditions,and Stipulations in the Agreement by and between:
Parties: County of Brazos and Trinity Builders,LLC
Dated: October 17,2013
Recorded: Volume 11822,Page 15,Official Records,Brazos County,Texas as noted on survey prepared on
July 25,2014,under the supervision of William P.Price,R.P.L.S.#3047.
FORM T-7: Commitment for Title Insurance
Continuation of Schedule B GF No. 143067
j. Mineral Reservation in Deed:
By: Lawrence Grocery Co.
To: P. P. Prescott
Dated: February 22, 1949
Recorded: Volume 138,Page 146,Deed Records,Brazos County,Texas. Title to said interest has not been
investigated subsequent to the date of the aforesaid instrument.
k. Mineral Reservation in Deed:
By: Thousand Oaks Development Company,Joint Venture
To: Smiling Mallard Development,Ltd.
Dated: December 19,2000
Recorded: Volume 4011,Page 142,Official Records,Brazos County,Texas. Title to said interest has not
been investigated subsequent to the date of the aforesaid instrument.
1. Waiver of Surface Use:
From: Millican Land& Royalty Trust
To: Smiling Mallard Development, Ltd.
Dated: December 19,2000
Recorded: Volume 4011,Page 341,Official Records, Brazos County,Texas. Title to said interest has not
been investigated subsequent to the date of the aforesaid instrument.
m. Oil and Gas Lease,and all terms,conditions and stipulations therein:
Lessor: Millican Land& Royalty Trust
Lessee: EOG Resources, Inc.
Dated: October 11,2012
Recorded: Volume 11070,Page 253,Official Records,Brazos County,Texas. Title to said interest has not
been investigated subsequent to the date of the aforesaid instrument.
n. Mineral Reservation and Groundwater Estate created in Deed:
By: Duck Haven,Ltd.,a Texas limited partnership
To: DRA-Trinity Builders,LLC,a Texas limited liability company
Dated: September 27,2013
Recorded: Volume 11643,Page 256,Official Records,Brazos County,Texas. Title to said interest has not
been investigated subsequent to the date of the aforesaid instrument.
FORM T-7: Commitment for Title Insurance
COMMITMENT FOR TITLE INSURANCE
Issued By
Alliant 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,
subcontractors, 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. Item No. 2 of Schedule B hereof shall be amended to read "shortages in area", upon receipt of an acceptable survey. (As to
Loan Policy Only)
6. Item No. 5 of Schedule B hereof shall be amended to"standby fees,taxes and assessments by any taxing authority for the year
2014 and subsequent years, 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.",upon payment of applicable premium. (As to Loan Policy T-2 only)
7. If requested in lender's closing instructions and upon payment of applicable premium, we will issue the T-53 Texas Limited
Coverage Residential Chain of Title Policy.
8. We will require an Affidavit as to Debts and Liens be signed and the original provided to us prior to issuance of any title
policies.
9. We will require a Waiver of Inspection(Rights of Parties in Possession)be signed by the purchaser and the original provided
to us prior to issuance of any title policies.
10. We will require an original Tax Certificate be provided, showing all taxes paid current,prior to issuance of any title policies.
(If this transaction is not closing in our office,please let us know if we need to order the tax certificate.)
11. NOTICE: 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
FORM T-7: Commitment for Title Insurance
Continuation of Schedule C GF No. 143067
your Loan Closing Instructions. APPLIES TO T-1 AND T-2 POLICIES ONLY.
12. If requested in lender's closing instructions and all of our underwriting requirements are satisfied,we will issue the
T17 and T19 Endorsements,upon payment of any applicable premiums. (As to Lender's policy only)
13. If subject transaction will utilize a prior survey,we will require a full size,legible copy of said survey,with the
surveyor's field notes,if any. Upon receipt of the existing survey,we reserve the right to determine whether said
survey is acceptable for insuring purposes according to our underwriter guidelines.
NOTE: While a survey may be acceptable for insuring purposes,all surveys are subject to final approval by lender.
14. Twenty-four Month Chain of Title:
The following is a list of DEEDS affecting title to the real property described supra for the preceding twenty-four
months:
Vesting Deed to owners shown herein was dated September 27,2013 and recorded in Volume 11643,Page 256,
Official Records,Brazos County,Texas.
15. Record a Release of Deed of Trust to secure a Note:
Grantor: DRA-Trinity Builders,LLC,a Texas limited liability company
Trustee: Dean O. Bass
Beneficiary: Spirit of Texas Bank,ssb
Amount: $225,650.00
Dated: September 27,2013
Recorded: Volume 11643,Page 262,Official Records,Brazos County,Texas.
16. Record a Release of Financing Statement:
Debtor: DRA-Trinity Builders, LLC,a Texas limited liability company
Secured Party: Spirit of Texas Bank,ssb
Recorded: October 4,2013,in Clerk's File No.13-0031917500 with the Texas Secretary of State.
17. Record a Release of Mechanic's and Materialmen's Affidavit and Claim of Lien:
Claimant: Action Gypsum Supply,L.P.
Amount: $2,959.73
Dated: May 14,2014
Recorded: Volume 12013,Page 166,Official Records, Brazos County,Texas.
18. Record a Release of Mechanic's and Materialmen's Affidavit and Claim of Lien:
Claimant: Russ Kellen
Amount: $4,722.00
Recorded: Volume 12225,Page 83,Official Records, Brazos County,Texas.
19. As to DRA-Trinity Builders,LLC,a Texas limited liability company,we will require a Resolution of the Managers
specific as to the transaction to confirm who is authorized to execute documents on behalf of the company.
NOTE: Closer should be satisfied as to the status of said company and that same is in good standing.
Countersigned
University Title Company
FORM T-7: Commitment for Title Insurance
Continuation of Schedule C GF No. 143067
By a�f�t/
Aut ized Counter Signature
FORM T-7: Commitment for Title Insurance
COMMITMENT FOR TITLE INSURANC..
SCHEDULE D
GF No. 143067 Effective Date: August 21,2014,
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
ALLIANT NATIONAL TITLE INSURANCE COMPANY, INC.
* David D. Ginger,President
* Robert J.Grubb,Chief Executive Officer
Robert Scott Hendrickson,Treasurer and Chief Financial Officer
Phyllis J. Mulder, Secretary and General Counsel
*John Baumgart
*John C. Martin
* Ed Haselden
*Jim Hutcheson
* Indicates Director
Agents Investors Group of America, LLC,owns 100%of the stock of Alliant National Title Insurance Company, Inc. and Mt.
Audobon Associates and John R.Baumgart each own ten percent or more of Agents Investors Group of America,LLC.
2. The following disclosures are made by the Title Insurance Agent Issuing this Commitment: University Title Company
A listing 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.
Owners:
Celia Goode-Haddock
William C. Lipsey
Karen McCarroll
A listing of 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.
If the Agent is a corporation: (i)the name of each director of the Title Insurance Agent,and(ii)the names of the President,the
Executive or Senior Vice-President,the Secretary and the Treasurer of the Title Insurance Agent.
Officers/Directors:
Celia Goode-Haddock-Chairman/CEO and Director
Karen McCarroll-President/COO and Director
William C. Lipsey-Secretary/Treasurer and Director
The name of any person who is not a full-time employee of Title Insurance Agent and who receives and portion of the title
insurance premium for services performed on behalf of the Title Insurance Agent in connection with the issuance of a title
insurance form;and,the amount of premium that any such person shall receive.
For purposes of this paragraph 2, "having,owning or controlling: includes the right to receipt of a percentage net income,gross
incomes,or cash flow of the Agent or entity in the percentage stated in subparagraphs(a)or(b).
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:
FORM T-7: Commitment for Title Insurance
Continuation of Schedule D GF No. 143067
Owner's Policy $1,706.00
Loan Policy $130.00
Endorsement Charges $161.80
Other $0.00
Total $1,997.80
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
QAS TITLE INSURANCE INFORMAITON
Title insurance insures you against loss resulting from certain risks El seguro de titulo le asegura en relacibn a perdidas resultantes de
to your title. ciertos riesgos que pueden afectar el titulo de su propriedad.
The commitment for Title Insurance is the title insurance company's El Compromiso para Seguro de Titulo es la promesa de la compafia
promise to issue the title insurance policy. The commitment is a aseguradora de titulos de emitir la pbliza de seguro de titulo. El
legal document. You should review it carefully to completely Compromiso es un documento legal. Usted debe leerlo
understand it before your closing date. cuidadosamente y endenterlo complemente antes de la fecha para
finalizar su transaccibn.
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 you 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 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.
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.
FORM T-7: Commitment for Title Insurance
Continuation of Texas Title Insurai.,; „.information GF No. 143067
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
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 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
FORM T-7: Commitment for Title Insurance
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 compania aseguradora de titulos de emitir la poliza de seguro
de titulo. El Compromise es un documento legal. Usted debe leerlo cuidadosamente y entenderlo completamente antes
de la fecha para finalizar su transaccion.
Your Commitment for 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.
TX Form T-7 Commitment
ANTIC#928
IMPORTANT NOTICE AVISO IMPORTANTE
To obtain information or make a Para obtener informacion o para someter
complaint: una queja:
You may call Alliant National Title Insurance Usted puede Ilamar al numero de telefono
Company's toll free telephone number for gratis de Alliant National Title Insurance
information or to make a complaint Company para informacion o para someter
at: una queja al:
1-877-788-9800 1-877-788-9800
You may also write to Alliant National Title Usted tambien puede escriber a Alliant
Insurance Company at: National Title Insurance Company:
1831 Lefthand Circle, Suite G 1831 Lefthand Circle, Suite G
Longmont, CO 80501 Longmont, CO 80501
noc(a�alliantnational.com noc(c�alliantnational.com
You may contact the Texas Department of Puede comunicarse con el Departamento de
Insurance to obtain information on Seguros de Texas para obtener informacion
companies, coverages, rights, or complaints acerca de companies, coberturas, dereturas,
at: derechos o quejas al:
1-800-252-3439 1-800-252-3439
You may write the Texas Department of Puede escribir al Departamento de Seguros
Insurance: de Texas:
P.O. Box 149104 P.O. Box 149104
Austin, TX 78714-9104 Austin, TX 78714-9104
Fax: (512) 475-1771 Fax: (512) 475-1771
Web: http://www.tdi.state.tx.us Web: http://www.tdi.state.tx.us
E-mail: ConsumerProtection(a�tdi.state.tx.us E-mail: ConsumerProtection(c�tdi.state.tx.us
PREMIUM OR CLAIM DISPUTES: DISPUTAS SOBRE PRIMAS 0
Should you have a dispute concerning your RECLAMOS:
premium or about a claim, you should i tiene una disputa concerniente a su prima o
contact Alliant National Title Insurance a un reclamo, debe comunicarse con el
Company first. If the dispute is not resolved, Alliant National Title Insurance Company
you may then contact the Texas Department primero. Si no se resuelve la disputa, puede
of Insurance. entonces comunicarse con el dapartamento
(TDI).
ATTACH THIS NOTICE TO YOUR POLICY: UNA ESTE AVISO A SU POLIZA:
This notice is for information only and does Este aviso es solo para proposito de
not become a part or condition of the informacion y no se convierte en parte o
attached document. condicion del documento adjunto.
TX Form T-7 Commitment
ANTIC#928