01358statement in vvlitmg required to ua furnisRrcl tie Company
shall include the number of this policy and shall be ad-
dressed to it at the office which issued this policy or to its
Home Office, Claims Department, 433 South Spring Street,
P.O. Box 54730, LolM►ngeles, California 90054.
claim, or would have if this policy had not been issued,
and the insured shall transfer all such rights to the Company.
If the payment made by the Company does not cover the loss
of the insured, such subrogation shall be roportionate.
1
.r
TO 1910.1 PNTI WA 15-751
ENDORSEMENT FORM WA 10.1.
OWNER'S INFLATION PROTECTION ENDORSEMENT
ATTACHED TO POLICY NO. F— 2 114 6 7
ISSUED BY
Pioneer National Title Insurance Company
The Company, recognizing the current effect of inflation on real property valuation and intending
to provide additional monetary protection to the Insured Owner named in said Policy, hereby modifies
said Policy, as follows:
1. Notwithstanding anything contained in said Policy to the contrary, the amount of insurance
provided by said Policy, as stated in Schedule A thereof, is subject to cumulative annual
upward adjustments in the manner and to the extent hereinafter specified.
2. "Adjustment Date" is defined, for the purpose of this Endorsement, to be 12:01 a.m. on the
first January 1 which occurs more than six 'months after the Date of Policy, as shown in
Schedule A of the Policy to which this Endorsement is attached, and on each succeeding
January L.
3. An upward adjustment will be made on each of the Adjustment Dates, as defined above, by
increasing the maximum amount of insurance provided by said Policy (as said amount may
have been increased theretofore under the terms of this Endorsement) by the same percentage,
if any, by which the United States Department of Commerce Composite Construction Cost
Index (base period 1967) for the month of September immediately preceding exceeds the
highest. Index number for the month of September in any previous year which is subsequent
to Date of Policy; provided, however, that the maximum amount of insurance in force shall
never exceed 150% of the amount of insurance stated in Schedule A of said Policy, less the
amount of any claim paid under said Policy which, under. the terms of the Conditions and j
Stipulations, reduces the amount of insurance in force. There shall be no annual adjustment f
in the amount•of insurance for years in which there is no increase in said Construction Cost
Index. t
4. In the settlement of any claim against the Company under said Policy, the amount of
insurance in force shall be deemed to be the amount which is in force as of the date on which
the insured claimant first learned of the assertion or possible assertion of such claim, or as
of the date of receipt by the Company of the first notice of such claim, whichever shall first
occur.
Nothing herein contained shall be construed as extending or changing the effective date of said
Policy.
This Endorsement is made a part of said Policy and is subject to the schedules, conditions and
stipulations therein, except as modified by the provisions hereof.
' Pioneer National Title Insurance Company
K .
B ..cO�CU
r y
President
?; Attest:
Secretary
NOTE: In connection with a future application for title insurance covering said land, reissue credit
on premium charges (if applicable at all) will be allowed only upon the original face amount of
insurance as stated in Schedule A of said Policy.
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