**13. Cancellation**

or any installment thereof, this policy may be cancelled by the company by mailing to the first named insured written notice stating when not less than 30 days thereafter such cancellation shall be effective. The mailing of notice as aforesaid shall be sufficient proof of notice. The time of the surrender or the effective date and hour of cancellation stated in the notice shall become the end of the policy period. Delivery of such written notice either by the first named insured or by the company shall be equivalent to mailing.

If the first named insured cancels, earned premium shall be the pro-rata earned premium plus 10% of the pro-rata unearned premium. If the company cancels, earned premium shall be computed pro rata. Premium adjustment may be made either at the time cancellation is effected or as soon as practicable after cancellation becomes effective, but payment or tender of unearned premium is not a condition of cancellation.

**14. Declarations**

By acceptance of this policy the first named insured agrees that the statements in the declarations are its agreements and representations, that this policy is issued in reliance upon the truth of such representations, and that this policy embodies all agreements existing between the first named insured and the company or any of its agents relating to this insurance.

In Witness Whereof, the Company has caused this policy to be signed by its President and a Secretary, but the same shall not be binding unless countersigned on the declarations page by a duly authorized agent of the Company.

**Michael S. Wilder**
**Michael S. Wilder, Secretary**

**Donald R. Frahm**
**Donald R. Frahm, President**

Form XL-12-1 (Ed. 12-'82) Printed in U.S.A. (NS)
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