Subsequent Advances Endorsement 2

What are parts of the mining guarantee claim details

Subsequent Advances Endorsement is a guarantee which is given in certain conditions and on completion of some stipulations. They are:

  1. The company has the liability and the liability cannot exceed the loss for those people who benefit and are protected by it and the total liability cannot exceed the amount which is on the guarantee.
  2. The guarantee also does not include reports or examination of easements which are done for roads, or for trails, highways, railroads, power lines, pipelines, telephone as well as telegraph lines and reservoirs and ditches.
  3. It does not also include any water rights or any claims to the title for water
  4. All defects or failure of the mining claims title or anything that arises from failing to comply with requirements or provisions of mining laws or state, local or even district mining laws are not taken into consideration. It also means that any rules or regulations which are occasioned by the land described or any location notice are not part of it.
  5. It does not also consider any kind of reservations or easements or even restriction regulations of mining laws and claims and provisions. Be it local, state or even district mining rules, laws and regulations.
  6. Subsequent Advances Endorsement does not cover any acts or regulations which prohibit that there is occupancy or that the land or structure or building can be occupied or used.

These are testified and guaranteed and these are signed and sealed under the corporate seal.

Subsequent Advances Endorsement

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Mining claim guarantee conditions and stipulations.

This guarantee is issued upon the following conditions and stipulations:
1. The liability of the company under this guarantee shall in no case exceed, in all, the actual loss of the persons for whose benefit and protection it is issued and in no case shall such total liability exceed the amount stated on the first page of this guarantee.
2. This guarantee does not include examination or report as to:
A Easements for existing roads, railroads, trails, highways, pipe lines, power lines, telegraph and telephone lines, ditches and reservoirs;
B Water rights, claims or title to water;
C Any defect in or failure of title to the mining claims described arising out of or occasioned by failure to comply with the provisions and requirements of the mining laws of the United States of America and regulations under them, and of state, local and district mining laws, rules and regulations; or arising out of or occasioned by the fact that the land described in any notice of location of it was not, at the date of location a part of the public domain of the United States of America, unoccupied and unappropriated by others under claim of right;
D The reservations, exceptions, easements, restrictions regulations and rights to which the mining claims are subject under the terms and provisions of the mining laws of the United States of America and under the terms and provisions of state, local and district mining laws, rules and regulations;
E Any government acts or regulations restricting, regulating or prohibiting the occupancy or use of the land or any building or structure thereon.
In testimony of, _________ Title Insurance Company of _________ has caused this guarantee to be signed by its Vice-President and attested by its Assistant Secretary, under its corporate seal, this
_________[date]
[etc.]
[Signatures]