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HomeMy WebLinkAboutCommitment for Title Insurance ALTA Commitment Schedule A Commonwealth Land Title Insurance Company Hamilton Title Security, LLC COMMITMENT FOR TITLE INSURANCE Commitment No.: 2043428 Main Office Number (317) 843-5300 For Title Questions Please Call Kathy Boren at (317) 805-7073 For Closing Questions Please Call Bill Olsen at (317) 843-5300 SCHEDULE A G VI, eA lot Effective Date: ,.T-_____,-__. ","0A at °:nn " r Ref. Property Address: Rangeline Road, Carmel, Indiana 46032 1. Policy or Policies to be issued: (a) A.L.T.A. Owner's Policy- 1992 Amount of Policy: Proposed Insured: Pedcor Office, LLC (b) A.L.T.A. Loan Policy- 1992 Amount of Policy: Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is: Fee Simple 3. Title to said estate or interest in said land is at the effective date hereof vested in: Ti ad 2. City of Cacl, Indiana • 4. The land referred to in this Commitment is described as follows: See attached legal description 4! i� Hamilton Title Security, LLC, Agent,by: LG This commitment is invalid unless the Insuring Provisions and Schedules A and B are attached. ALTA Commitment Schedule A Commonwealth Land Title Insurance Company Hamilton Title Security, LLC COMMITMENT FOR TITLE INSURANCE Commitment No.: 2043428 Legal Description: Tract 1 A part of the Northeast Quarter of Section 36, Township 18 North, Range 3 East, Hamilton County, Indiana, described as follows: Beginning at the brass plug found at the northeast corner of said quarter section, said corner being North 00 degrees 13 minutes 54 seconds West 2,648.02 feet, measured along the east line of said quarter section, from the brass plug found at the southeast corner of said quarter section; thence South 89 degrees 12 minutes 13 seconds West 707.40 feet running on and along the north line of said Northeast Quarter Section Line to a point on the east Right of Way line of the former Monon Railway; thence south running on and along said east Right of Way line South 00 degrees 51 minutes 54 seconds East 284.25 feet to a point that is also on the south Right of Way line of 126`h Street (City Center Drive); thence North 77 degrees 00 minutes 25 seconds East and running on and along said south Right of Way Line 96.48 feet to a point; thence continuing on and along said south Right of Way line North 89 degrees 36 minutes 45 seconds East 140.00 feet to the Point of Beginning of this description; thence continuing on and along said south Right of Way line North 89 degrees 36 minutes 45 seconds East 27.49 feet to a point; thence continuing on and along said south Right of Way line South 89 degrees 56 minutes 58 seconds East 387.00 feet to a point on the west Right of Way line of South Rangeline Road; thence south and running on and along said west Right of Way line for the next three bearing calls, South 09 degrees 38 minutes 09 seconds West 77.92 feet; thence South 00 degrees 54 minutes 50 seconds West 150.03 feet; thence South 00 degrees 13 minutes 54 seconds East 640.59 feet to a point on the north Right of Way line of Monon Green Blvd.; thence leaving said west Right of Way line and running on and along said north Right of Way line South 89 degrees 12 minutes 13 seconds West 388.50 feet to a point; thence leaving said north Right of Way line North 00 degrees 51 minutes 54 seconds West 873.07 feet to the point of beginning, containing 7.880 acres, more or less. Excepting therefrom: Part of the North Half of the Northeast Quarter of Section 36, Township 18 North, Range 3 East in Hamilton County, Indiana, described as follows: Beginning at a point on the East line of the Northeast Quarter of Section 36, Township 18 North, Range 3 East 628.97 feet South 00 degrees 00 minutes 00 seconds (assumed bearing) from the Northeast corner of said Northeast Quarter; thence South 00 degrees 00 minutes 00 seconds on ALTA Commitment Schedule A Commonwealth Land Title Insurance Company Hamilton Title Security, LLC COMMITMENT FOR TITLE INSURANCE Commitment No.: 2043428 said East line 175.26 feet; thence South 90 degrees 00 minutes 00 seconds West 239.11 feet; thence North 00 degrees 00 minutes 00 seconds West parallel with the East line of said Quarter 173.00 feet to a point 628.97 feet South 00 degrees 00 minutes 00 seconds of the North line of said Northeast Quarter; thence North 89 degrees 27 minutes 30 seconds East parallel with said North line 239.12 feet to the place of beginning, containing 0.956 acres, more or less. . --- Part • the North Half of the Northeast Quarter of Section 36, Township 18 North, Range 3 East in Hami ■ County, Indiana, described as follows: Beginning at a ►•int on the East line of the Northeast Quarter of Section 36, Township 18 North, Range 3 East 628.17 feet South 00 degrees 00 minutes 00 seconds (assumed bearing) from the Northeast corner of lid Northeast Quarter; thence South 00 degrees 00 minutes 00 seconds on said East line 175.26 --t; thence South 90 degrees 00 minutes 00 seconds West 239.11 feet; thence North 00 degrees 06 inutes 00 seconds West parallel with the East line of said Quarter 173.00 feet to a point 628.97 -et South 00 degrees 00 minutes 00 seconds of the North line of said Northeast Quarter; thence girth 89 degrees 27 minutes 30 seconds East parallel with said North line 239.12 feet to the place o •eginning, containing 0.956 acres,more or less. EXCEPT: That real estate conveyed to the City of Cannel, . diana, by Quitclaim Deed dated April 7, 1999, and recorded November 18, 1999, as Instrument 19°•-67397, and described as follows: A part of the North Half of the Northeast Quarter of Se ..on 36, Township 18 North, Range 3 East, Hamilton County, Indiana, and being that part of the gra• or's land lying within the right of way lines depicted on the attached Right of Way Parcel Plat, mar' -d EXHIBIT `B", described as follows: Commencing at the northeast corner of said quarter section, designated as •oint "222" on said plat; thence South 0 degrees 13 minutes 54 seconds East 628.97 feet along the east line of said quarter section to the northeast corner of the land described in Instrument No. 9 '19731574 and designated as point "264" on said plat; thence South 89 degrees 12 minutes 13 se.•nds West 35.00 feet along the north line of the land described in said Instrument No. 97097315 = to the•••In:. t • . - - • i:: -- :i . -�- -� - �--- -- • i -, . • •• 'i ALTA Commitment Schedule A Commonwealth Land Title Insurance Company Hamilton Title Security, LLC COMMITMENT FOR TITLE INSURANCE Commitment No.: 2043428 : I ' : e- ._ . -: . ••• - • .'• • a ; lence outh 0 degrees 13 minu -_ - econds East 174.91 feet along the boundary of said Range Line Road to to- -• th line of the land described in said Instrument No. 9709731574 and designat-. : point "266" on said plat;t hence South 89 degrees 46 minutes 06 seconds West 30.11 -et along said south line to point "268" on said plat; thence North 0 degrees 13 mi - 7 seconds West 6.11 feet to point "276" on said plat; thence North 8 degrees 1 tes 08 seconds West 50.49 feet to point "277" on said plat; 5� c thence North 0 d-: - minutes 57 seconds West 118.43 feet to the north line of the land describ-. • said Instrument No. 9709731574 and designated as point "273" on said plat; thence No . 89 degrees 12 minutes 13 seconds East 37.00 feet along said north line to the point of • _ r : .n• • _ :. : ._ _., - . - : s. NOTE: The acreage shown above is included for descriptive purposes only. The policies, when issued, should not be construed as to insuring the amount of acreage included therein. _ End of Legal Description (EF44.1 V..:. ALTA Commitment - Schedule B Commonwealth Land Title Insurance Company COMMITMENT FOR TITLE INSURANCE Commitment No.: 2043428 SCHEDULE B I-Requirements The following requirements must be met and completed to the satisfaction of the Company before its policy of title insurance will be issued: : - to or for the account of, the seller or the mortgagors of the full consideration for the estate or interest to be insure.. 2. Instrument in insurable form which must be executed, delivered, and duly i -• . - ord. 3. Indiana Sales Disclosure Form completed, executed and filed, all as requir-! •y IC 6-1.1-5.5. [.86] 4. Warranty deed to be executed by the duly authori -: officers of City of Carmel, Indiana, as provided for by statute, conveying Tract 2 to • ' of Carmel Redevelopment Commission. 5. Vendor's affidavit satisfactory • e Company, duly executed: 6. Indiana Sales Disc . ure Form completed, executed and filed, all as required by IC 6-1.1-5.5. [7.880] 7. .rranty deed to be executed by duly authorized officers of City of Carmel Redevelopment Commission to the proposed insured on Schedule A, conveying the real estate to be insured. • - '_ ,i_,1. C End of Requirements ALTA Commitment - Schedule B Commonwealth Land Title Insurance Company COMMITMENT FOR TITLE INSURANCE Commitment No.: 2043428 SCHEDULE B - Section II 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. Standard Exceptions: 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 the 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 records. (,\�\'� 3. Easements, or claims of easements,not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate survey and inspection of the premises. 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 records. 6. Taxes or special assessments which are not shown as existing liens by the public records. Special Exceptions: 7. Taxes for the year 2003 payable 2004 in the name of City of Carmel Redevelopment Commission Brief Legal: 36-18-3 22.68 ac Taxing Unit: City of Carmel Parcel No.: 16-09-36-00-00-005.000 1St installment: $-0- 2nd installment: $-0- Assessed valuation as of effective date (for information only:) Land: $4,344,500 Improvements: $-0- Exemptions: $4,344,500 8. Taxes for the year 2003 payable 2004 in the name of City of Carmel Redevelopment Commission Brief Legal: 36-18-3 7.396 ac Taxing Unit: City of Carmel Parcel No.: 16-09-36-00-00-005.101 1St installment: $-0- 2nd installment: $-0- Assessed valuation as of effective date (for information only:) Land: $1,065,000 Improvements: $-0- Exemptions: $1,065,000 '�1#%IA ALTA Commitment - Schedule B Commonwealth Land Title Insurance Company COMMITMENT FOR TITLE INSURANCE Commitment No.: 2043428 Taxes for the year 2003 payable 2004 in the name of Huffer, James E. Trust & Betty J. ` \ i Huffer Trust ol,� Brief Legal: 36-18-3 0.86 ac Taxing Unit: City of Carmel Parcel No.: 16-09-36-00-00-005.001 ls`installment: $2,702.52 paid 2nd installment: $2,702.52 paid Assessed valuation as of effective date (for information only:) Land: $154,100 Improvements: $206,900 Exemptions: $-0- 10. Taxes for 2003,payable 2004, not yet due. 11. Possible future assessments for repair and maintenance of the W. R. Fertig Legal Drain. None due at this time. NOTE: The real estate tax information set out above is all that is currently available in Hamilton County Tax computer. Recent computer program changes may have rendered incomplete or inaccurate the available data. THIS INFORMATION MAY NOT BE SUFFICIENT FOR THE PURPOSE OF ESTABLISHING A PROPER REAL ESTATE TAX ESCROW. Neither the Company nor its agent, Hamilton Title Security, LLC, assume or accept any responsibility for loss, damage, cost or expense due to, or arising out of, the present unavailability, or accuracy of tax information. 13. Possible municipal assessments, sewer use charges, and/or impact fees levied by City of Carmel. 14. Easement for electric lines and incidental purposes in favor of Indiana Railroad, recorded February 10, 1940, in Deed Record 127, page 12. Last assigned to Public Service Company of Indiana, Inc. by assignment dated November 22, 1944, and recorded in Deed Record 130, page 200. Amended by instrument recorded April 29, 1980, in Miscellaneous Record 160, page 793 15. Easement for sewer and water lines and incidental purposes in favor of Town of Carmel, recorded May 22, 1969, in Deed Record 228,page 102. 16. Easement for sanitary sewer line, water line and incidental purposes in favor of Town of Cannel, Indiana, recorded May 8, 1969, in Deed Record 228, page 102 over a ten foot strip. 17. Right of way for Winona Drive referred to in the above easement. „X Easements for driveways, sanitary and storm sewers, and incidental purposes contained in V`�t"" Reciprocal Easement Agreement by and between Cannel Plaza Company, and Helen Moffitt ALTA Commitment - Schedule B Commonwealth Land Title Insurance Company COMMITMENT FOR TITLE INSURANCE Commitment No.: 2043428 Mueller, dated September 20, 1979, and recorded October 5, 1979, in Deed Record 315, page 730. Terms, conditions and restrictions contained in Reciprocal Easement Agreement by and between Carmel Plaza Company, and Helen Moffitt Mueller, dated September 20, 1979, and recorded • October 5, 1979, in Deed Record 315, page 730. 20. Easement for construction and maintenance of a slope, and incidental purposes in favor of City of Cannel, Indiana, recorded March 12, 1980, in Deed Record 319, page 467, over a ten foot strip. Terms, conditions, restrictions, and easements contained in Reciprocal Easement Declaration by Cannel Plaza Company, dated September 17, 1980, and recorded September 19, 1980, in Miscellaneous Record 162, page 346. Amended by Amendment to Reciprocal Easement Declaration by and between Cannel Plaza Company, and Balcor Income Properties Ltd. III, recorded July 31, 1986 in Easement Record 4, page 317. Right of Entry in favor of the City of Carmel dated October 7, 1999, and recorded November 18, E* 1999, as Instrument 99-67396. Cam' _ ( 23. Covenants, conditions, restrictions, and easements as set out in Declaration of Covenants and Easements recorded November 8, 2000, as Instrument 2000-58577, modified by Confirmation recorded as Instrument 200200025755, amended by Amendment to Declaration recorded as Instrument 200100061268, and further amended by Second Amendment Declaration dated December 27, 2002, and recorded June 20, 2003, as Instrument 200300059243 in the Office of the Recorder of Hamilton County, Indiana. Subject to a judgment search against the proposed insured. cC.. End of Schedule B