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L. Subrogation <br />In the event of any payment under this policy, the <br />insured must notify us of any of the insured's rights <br />of recovery against any person or organization. We <br />shall be subrogated to all such rights. The <br />insured shall execute and deliver instruments <br />and papers and do whatever else is necessary to <br />secure such rights. The insured shall do nothing <br />after loss to prejudice such rights. However we <br />waive any rights of recovery we may have <br />against any person or organization if the <br />underlying insurance also waives such rights. <br />Any amount recovered through subrogation or <br />otherwise shall be apportioned in the inverse order <br />of payment of the claim or claims involved to the <br />extent of actual payment thereof by all interests. The <br />expenses of all such recoveries and proceedings in <br />connection therewith shall be apportioned in the <br />ratio of respective recoveries. With respect to <br />proceedings conducted solely by us, if there is no <br />recovery, we will bear the expense thereof. If there <br />is a recovery, we shall be reimbursed in full from <br />such recovery for the amount of all expenses <br />incurred by us before apportionment of such <br />recovery as herein provided. <br />ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNCHANGED. <br />PPU 304 06 10 Page 2 of 2 <br />