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: T11-337
Commitment Number: T11-337
1.
Effective Date:
2.
Policy (or Policies) to be issued: (a)
X
February 14, 2012 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 WILLIAM O. COHEN AND ORLY S. COHEN , HUSBAND AND WIFE
4.
The Land referred to in the Commitment is described as follows: Land in Williamson County, Tennessee, being Lot(s) 123, as shown on the map entitled the Plan of First Revision, Brandon Park Downs, of record in Plat Book 35, page 12, Register's Office for Williamson County, Tennessee, to which plan reference is hereby made for a more complete and accurate legal description. Being the same property conveyed to William O. Cohen and Orly S. Cohen, husband and wife, by deed from Walter L. Kaye and wife, Heidi J. Kaye, of record in Book 3675, page 599, dated August 31, 2005, said Register's Office.
Issued through the Office of: Gullett, Sanford, Robinson & Martin, PLLC. Agent
By:
Authorized Officer or Agent
ORT Form 4308 ALTA Commitment for Title Insurance 6/06 Schedule A
(COHEN, WILLIAM O..PFD/T11-337/9)
File Number: T11-337
Commitment Number: T11-337
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.
Submission of written evidence from the Homeowner's Association, that any and all maintenance fees, recreational fees and/or association assessments are paid in full to a current date.
6.
Record proper release of the Deed of Trust dated September 26, 2005, executed by William A. Cohen and Orly S. Cohen, husband and wife, in favor of SunTrust Mortgage, Inc., in the sum as set forth in the instrument of record in Book 3701, page 126, Register's Office for said County. The Deed of Trust was amended by instrument of record in Book 4181, page 291, said Register's Office. The Deed of Trust was assigned to Mortgage Electronic Registration Systems, Inc. (MERS), a Delaware Corportion, of record in Book 4675, page 543, said Register's Office.
7.
Record proper release of the Open End Deed of Trust dated January 26, 2007, executed by Willam A. Cohen and Orly S. Cohen, husband and wife, in favor of SunTrust Bank, in the sum as set forth in the instrument of record in Book 4178, page 287, Register's Office for said County.
8.
Record proper release of the Deed of Trust dated July 1, 2008, executed by William A. Cohen and Orly S. Cohen, in favor of George Hatcher, in the sum as set forth in the instrument of record in Book 4640, page 444, Register's Office for said County.
9.
Williamson County taxes for 2011, Map-Par. 116-054.15, 12,559.00 Paid.
ORT Form 4308 ALTA Commitment for Title Insurance 6/06 Schedule B-I
(COHEN, WILLIAM O..PFD/T11-337/9)
File Number: T11-337
Commitment Number: T11-337
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 2012 and subsequent years.
8.
Williamson County taxes and assessments required to be paid in the year 2012 and subsequent years for Map-Par. 116-054.15. Williamson County taxes for 2011, Map-Par. 116-054.15, 12,559.00 Paid. 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.
Matters shown on the Plan of record in Plat Book 35, page 12, said Register's Office, including but not limited to the following Note for Lots 123 and 124: The septic areas need to be chisel plowed in order to remediate the existing farm road.
10.
Declaration of Covenants, Conditions, Liens, Easements and Restrictions, including, but not limited to, easements, assessments, special assessments, charges and liens, contained in The Declaration of Covenants and Restrictions for Brandon Park Downs of record in Book 2519, page 948 and amended in Book 2802, page 373, Book 3546, page 733 and Book 3659, page 586 , said Register's Office.
11.
Stormwater Operation and Maintenance Agreement of record in Book 5006, page 320, said Register's Office.
12.
Right of Way Easement granted to Middle Tennessee Electric Membership Corporation of record in Book 578, page 15, said Register's Office.
13.
Easement for sewer pipe and septic tank disposal field as set out in the Warranty Deeds of record in Book 1744, page 924 and Book 1790, page 313, said Register's Office.
14.
Rights of others in and to the use of the common areas/elements.
15.
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
(COHEN, WILLIAM O..PFD/T11-337/9)