SCHEDULE A COMMITMENT
Name and Address of Title Insurance Company:
Old Republic National Title Insurance Company 400 Second Avenue South Minneapolis, MN 55401
File Number: T11-372
Commitment Number: T11-372
1.
Effective Date:
2.
Policy (or Policies) to be issued: (a)
X
September 23, 2011 at 08:00 AM
ALTA Owner's Policy
Amount ( ALTA Own. Policy (6/17/06) )
Proposed Insured: TBD (b)
ALTA Loan Policy Proposed Insured:
3.
Fee Simple interest in the land described in this Commitment is owned, at the Commitment Date, by J. Wheeler Woodroof, Jr.
4.
The Land referred to in the Commitment is described as follows: Description to be provided upon submission of an accurate survey. Being a portion of the property conveyed to J. Wheeler Woodroof, Jr. (also known as Joseph Wheeler Woodroof, Jr. and J.W. Woodroof, Jr.) and wife, Jo Nell Woodroof (also known as Jonell Wallace Woodroof) by deeds of record in Deed Book 123, Page 38, and in Deed Book 197, Page 995, Register's Office for Williamson County, Tennessee. The said Jo Nell Woodroof has since died, and upon her death, title in and to the above described property vested in J. Wheeler Woodroof, Jr. as the sole surviving tenant by the entirety. TOGETHER with Permanent Easement For Joint Driveway as set forth in Book 322, Page 374, said Register's Office.
INCLUDED in the above property but specifically excluded therefrom is the property in Book 238, Page 887, Book Page andof: in Book 2446, Page 867, said Register's Office. Issued 1238, through the640, Office Gullett, Sanford, Robinson & Martin, PLLC. Agent
By:
Authorized Signatory
ORT Form 4308 ALTA Commitment for Title Insurance 6/06 Schedule A
(WOODROOF, J. WHEELER.PFD/T11-372/6)
File Number: T11-372
Commitment Number: T11-372
SCHEDULE B - I REQUIREMENTS The following requirements must be met: 1.
Pay the agreed amounts for the interest in the land and/or the mortgage to be insured.
2.
Pay us the premiums, fees and charges for the policy.
3.
Documents satisfactory to us creating the interest in the land and/or the mortgage to be insured must be signed, delivered and recorded.
4.
You must tell 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.
5.
The Company will require the spouse of J. Wheeler Woodroof, Jr., if married to join in any conveyance of the subject property.
6.
Affidavit as to Liens and Encumbrances.
7.
Williamson County taxes for 2010, Map-Par. 105-55, $1,273.00, Paid.
ORT Form 4308 ALTA Commitment for Title Insurance 6/06 Schedule B-I
(WOODROOF, J. WHEELER.PFD/T11-372/6)
File Number: T11-372
Commitment Number: T11-372
SCHEDULE B - II EXCEPTIONS 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 satisfaction of the Company. 1.
Any discrepancies, conflicts, easements, boundary line disputes, encroachments or protrusions, or overlapping of improvements which would be disclosed by an inspection and accurate survey of the premises.
2.
Rights and claims of parties in possession.
3.
Mechanics', Contractors', or Materialmen's liens and lien claims, if any, where no notice thereof appears on record.
4.
Any facts, rights, interests or claims which are not shown by the public record, but which could be ascertained or by making inquiry of person(s) in possession thereof.
5.
Liens, encumbrances, or claims thereof, which are not shown by the public record.
6.
Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the Effective Date but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment.
7.
General or special taxes and assessments required to be paid in the year 2011 and subsequent years.
8.
Williamson County taxes and assessments required to be paid in the year 2011 and subsequent years for Map-Par. 105-55. If improvements are completed after January 1 of any year the law requires supplemental assessments for the year in which improvements are completed, as defined by Statute. The Company assumes no liability for taxes assessed by correction pursuant to the provisions of Tennessee Code Annotated sections 67-5-603, et seq.
9.
Subject to "roll-back taxes" for the statutory period if the land is converted to a use other than those stipulated in the provisions of Tennessee Code Annotated sections 67-5-1001 et. seq.
10.
Terms, provisions, requirements, conditions, obligations, agreements, and stipulations contained in the lease from J. W. Woodroof, Jr. to The Lamar Companies, of record in Book 3504, Page 67, said Register's Office.
11.
Permanent Easement for Joint Driveway of record in Book 322, Page 3 74, said Register's Office.
12.
Gas Line Easement of record in Book 1027, Page 177, said Register's Office.
13.
Easement for crossing railroad tracks of record in Deed Book 139, Page 478, said Register's Office.
14.
Right-of-Way for Nashville Interurban Railway of record in Deed Book 27, Page 524, said Register's Office.
15.
Title to that portion of the premises, if any, embraced within the charter right-of-way of L & N Railroad.
16.
Possibly subject to a right-of-way agreement to Gulf Interstate Gas Company of record in Deed Book 96, Page 171, and in Deed Book 108, Page 411, said Register's Office.
17.
Possibly subject to a transmission line easement of record in Deed Book 75 Page 575, said Register's Office.
ORT Form 4308 ALTA Commitment for Title Insurance 6/06 Schedule B-II
(WOODROOF, J. WHEELER.PFD/T11-372/6)
File Number: T11-372
Commitment Number: T11-372
SCHEDULE B - II (Continued)
18.
Any inaccuracy in the area, square footage, or acreage of land described in Scheduled A. The Company does not insure the area, square footage or acrage of the land.
19.
Informational Note: The chain of title reveals the following deeds to grantees, who have owned said premises for the last 24 months, other than the instrument(s) referred to in Schedule A, Item 5 herein: NONE
ORT Form 4308 ALTA Commitment for Title Insurance 6/06 Schedule B-II
(WOODROOF, J. WHEELER.PFD/T11-372/6)