Grade: Curative Items: Non Curative Items:

Transcription

1 Order Details Property Address:121 Valentin Road, Belen, NM Title Company Information Bay National Title Company Feather Sound Drive, Suite 250 Clearwater, FL Phone: (727) Assigned Coordinator Details Escrow Officer: Title Officer: Grade: A Curative Items: Item Description Non Curative Items: Item Description DISCLAIMER: THE TITLE INFORMATION CONTAINED HEREIN IS SUPPLIES AS A COURTESY ONLY AND IS NOT INTENDED TO SUPPLEMENT OR TO EXTEND THE COVERAGE OF THE UNDERLYING TITLE REPORT. REFERENCE SHOULD BE MADE TO THE TITLE REPORT FOR ALL QUESTIONS CONCERNING THE STATUS OF THE TITLE TO THE SUBJECT PROPERTY. BAY NATIONAL TITLE CO. ACCEPTS NO LIABILITY FOR THE INFORMATION CONTAINED HEREIN. REFERENCE SHOULD BE MADE TO THE UNDERLYING TSR FOR ALL QUESTIONS CONCERNING TITLE STATUS FOR THE PROPERTY.

2 File No: TITLE INSURANCE COMMITMENT BY WESTCOR LAND TITLE INSURANCE COMPANY This Short Form Commitment (Commitment) incorporates by reference the terms and conditions of the American Land Title Association (ALTA) Plain Language Commitment (06/17/06). The expiration date of the Company's obligation hereunder is six months from the Commitment Date. This is not a commitment for an owner's policy of title insurance. SCHEDULE A 1. Commitment Date: 01/22/ Policy (or Policies) to be issued: Policy Amount TBD a. Owner's Policy Proposed Insured: TBD b. Loan Policy Proposed Insured: TBD Schedule A Page 1

3 3. The estate or interest in the land described or referred to in this Commitment is fee simple and is at the Commitment Date vested in: JPMorgan Chase Bank, National Association 4. The land referred to in the Commitment is described as follows: Property Address: 121 Valentin Road, Belen, NM Legal Description : Tract A-Two (A-2) of the Division plat of lands of Roland L. & Rosa Lee Cox, as the same is shown and designated on the plat thereof filed in the Office of the County Clerk of Valencia County New Mexico on June 4, 1996, in Cabinet I Folio 996. Parcel Number: Deed Information: Special Masters Deed dated 11/29/2017 and filed 12/27/2017 as Instrument # Schedule A Page 2

4 Schedule A Page 3

5 File No: TITLE INSURANCE COMMITMENT BY WESTCOR LAND TITLE INSURANCE COMPANY SCHEDULE B - SECTION I REQUIREMENTS The following are the requirements to be complied with: a. Pay the agreed amounts for the interest in the land and/or the mortgage to be insured. b. Pay the premiums, fees and charges for the policy. c. Documents satisfactory to us creating the interest in the land and/or the mortgage to be insured must be signed, delivered and recorded: 1. Mortgage from TBD and, if any, to TBD conveying the subject property described in Schedule A and attached in Exhibit A. d. Disclose to us in writing the name of anyone not referred to in this Commitment who will get an interest in the land or who will make a loan on the land. We may then make additional requirements or exceptions. e. Tax Key Number: Real Estate Taxes for the year 2016 in the amount of $1, are Paid. Real Estate Taxes for the year 2017 in the amount of $1, are 1 st half Paid with 2 nd half in the amount of $ still being Due and Payable. f. Satisfaction or Release of the following: NA Schedule B - Section I Page 4

6 File No: TITLE INSURANCE COMMITMENT BY WESTCOR LAND TITLE INSURANCE COMPANY SCHEDULE B - SECTION II EXCEPTIONS Any policy we issue will have the following exceptions unless they are taken care of to our satisfaction. The Policy will not insure against loss or damage resulting from the terms and provisions of any lease or easement identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction of the Company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date of proposed insured acquires, for value of record, the estate or interest or mortgage thereon covered by this commitment. 2. Rights or claims of parties in possession not shown by the public record. 3. Policy Covered Risk 2(c) is hereby deleted. This policy does not indemnify the Insured against any of the following: (a) a dispute over the proper location of a boundary line for the Land; (b) a claim that there is an overlap between the descriptions of the Land and another parcel; (c) a claim of adverse possession or prescriptive easement in the Land; (d) the encroachment of a structure owned by another onto the Land, or of a structure attached to the Land that encroaches onto adjoining land; or (e) a dispute over the area or acreage of the Land, including any dispute about whether or not the Land contains the area, acreage or distances recited in Schedule A of this policy or in any conveyance, survey or map of the Land. 4. Any encroachment, encumbrance, violation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the land. 5. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the public record. 6. Taxes or special assessments which are not shown as existing liens by the Public Records. Schedule B - Section II Page 5

7 7. Taxes and assessments for the year and subsequent years. 8. Any claims of adverse possession or prescriptive easement. 9. Covenants, Conditions, Easements and Restrictions, if any, including but not limited to any cited in this commitment/policy but omitting any reference to race, color, religion, sex, handicap, familial status, or national origin. (Additional Exceptions may be listed here by number if applicable) Issued through the office of: Title Clearing & Escrow, LLC By: Authorized Signatory Schedule B - Section II Page 6