CANBY, Circuit Judge:
Safeco Insurance Company brought a diversity action against Joseph, Ronald, and Patti Schwab requesting specific performance of what Safeco alleged to be a collateral security clause in an indemnity contract. The district court dismissed Safeco's complaint under Fed.R.Civ.P. 12(b)(6) because the court regarded the disputed clause as affording Safeco only a right to recover after suffering loss. We reverse and remand.
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