Lincoln Title Company2011 Service Agreement, Page 2
(6)STI shall provide qualified closing personnel and adequate closing facilities for theconducting of all Agent’s real estate closings. These closings services shall be billed at the then currentrates; Note: closings occurring before or after normal business hours will incur additional costs; and(7)Agent or Agent’s customers shall contact the centralized STI Scheduling Department at(866) 506-2945 to schedule closings and provide any relevant information. Closings will be scheduled on afirst come first serve basis. All closing figures and related information should be directed to theappropriate office where the closing is scheduled; and(8)LTC will be responsible for forwarding all funds due to Agent therein; and(9)STI shall retain and record the original documents, thereafter update the search, type andforward the final title insurance policies to LTC. LTC will forward to Agent the final title insurance policies execution and deliver; and(10)In addition to underwriting support from LTC or STI , LTC will provide experiencedsearch and title support during normal business hours, 8:00 a.m. - 5:00 p.m., Monday through Friday; and(11)Errors in the search or the closing process shall be the responsibility of STI, unlessattributable to fault on the part of either Agent or its employees; and(12)STI shall only search and close those real estate transactions generated under its agencyrelationship with Agent.(13)Fee Schedule for title services is attached as Exhibit A.(14)
AGENT is only responsible for reimbursement of fees and premiums for transactionsthat close
This Agreement may be terminated without cause by the Agent, LTC, or STI at any time on sixty (60)days’ notice. STI can also terminate this agreement at any time based on default of the Agent.A default shall be defined as:(a)Any bankruptcy proceeding (voluntary or involuntary), insolvency proceedings, or the like, pertaining to Agent,(b)Any judicial or administrative decision or adjudication against Agent pertaining to either:the violation of any Federal or State Law; or the breach of any rule or regulation promulgated by an IllinoisAdministrative Agency having jurisdiction over Agent, unless the same is cured within (30) days of commencement of said proceedings.(c)Any revocation, disqualification, suspension or termination of Agent’s right to do business,or any revocation, disqualification, suspension or termination of any State of Illinois license it may have asa title insurance Agent, unless the same is cured within (30) days of commencement of said action.(d)Non-payment of fees after written notice.(e)Any default under the Stewart Title Guaranty Title Insurance Underwriting Agreementshall constitute a default herein.