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COMMITMENT <br />SCHEDULE B <br />Commitment No. 00125318 <br />Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the <br />satisfaction of the Company: <br />A. Instruments necessary to create the estate or interest to be insured must be properly executed, delivered and duly filed for record. <br />B. Payment of the full consideration to, or for the account of, the grantors or mortgagors should be made. <br />C. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable should be made. <br />D. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching <br />subsequent to the effective date hereof but prior to the date the Proposed Insured acquires for value of record the estate or <br />interest or mortgage thereon covered by this Commitment. <br />E. Any Owner's Policy issued pursuant hereto will contain under Schedule B the General Exceptions set forth below. Any Loan Policy <br />will contain under Schedule B General Exceptions 1, 2 and 3 unless a satisfactory survey is furnished; General Exception 4 will appear <br />unless satisfactory evidence is furnished that improvements and/or repairs or alterations thereto are completed; that contractor, <br />subcontractors, labor and materiafinen are all paid. <br />General Exceptions: <br />1 . Rights or claims of parties in possession not shown by the public records. <br />2. Easements, or claims of easements, not shown by the public records. <br />3. Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate survey and <br />inspection of the premises. <br />4. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the <br />public records. <br />5. Taxes or special assessments which are not shown as existing liens by the public records. <br />F. Special Exceptions: <br />1. LOT 330 W & K BROADWAY ADD ST: <br />Taxes for the year 1994 due and payable in May and November, <br />1995 show none due at this time. <br />Tax Unit 18; Rey 7013 0500; Government Used Assessed Land Val. <br />$400; Imp. Val. $none; Net Val. $400. <br />Taxes for the year 1995 due in May and November, 1996. <br />FOR INFORMATION PURPOSES ONLY: The real estate tax assessment <br />for the year 1995 payable in 1996 is assessed as follows: <br />Tax Unit 18; Key 7013 0500; Government Used Assessed Land Val. <br />$30; Imp. Val. $none; Net Val. $30. <br />NOTICE: Above information, from County's tax computer, is for <br />.limited purposes only, and may not reflect current assessment <br />figures or exemption status. For tax proration purposes, <br />contact appropriate authorities for current information. <br />2. Mortgage dated May 13, 1991, covering said premises and other <br />land, from George E. Graham, to John Burgos to secure the <br />original amount of $130,000.00 recorded May 15, 1991 in the <br />Office of the Recorder of St. Joseph County, Indiana, as <br />Instrument No. 9212266, and further terms and provisions as <br />Continued on next page <br />