7. PREMIUM. The premium for this policy will be computed in accordance with the "Basis of Premium" stated in the Declarations. The "Advance Premium" stated in the Declarations, unless otherwise specified, is an estimated premium only. Upon termination of this policy, the earned premium will be computed and if the earned premium is more than the advance premium paid, You shall pay the excess to Us; if less, We will return to You the unearned portion, subject to the annual minimum premium stated in the Declarations for each twelve (12) months of Our policy period, and subject further to any policy minimum premium, which is a minimum amount of premium earned under this policy in the event You cancel this policy.

8. SUBROGATION. In the event of any payment under this policy, the Insured must notify Us of any of the Insured's rights of recovery against any person or organization.

We shall be subrogated to all such rights and the Insured shall execute and deliver instruments and papers and do whatever else is necessary to secure such rights. The Insured shall do nothing after loss to prejudice such rights.

Any amount recovered through subrogation or otherwise shall be apportioned in the inverse order of payment of the claim or claims involved to the extent of actual payment thereof by all interests. The expenses of all such recoveries and proceedings in connection therewith shall be apportioned in the ratio of respective recoveries. With respect to proceedings conducted solely by Us, if there is no recovery, We will bear the expense thereof. If there is a recovery, We shall be reimbursed in full from such recovery for the amount of all expenses incurred by Us before apportionment of such recovery as herein provided.

IN WITNESS WHEREOF, We have caused this policy to be signed by Our President and Secretary, but the same shall not be binding upon Us unless it has been countersigned on the Declarations page by a duly authorized agent of Ours.

**R. C. Fetherson**
SECRETARY

**Jim Fowler**
PRESIDENT

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