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Home My WebLink AboutHamilton Title Security, LLC ALTA Commitment Schedule A Commonwealth Land Title Insurance Company Hamilton Title Security, LLC COMMITMENT FOR TITLE INSURANCE Commitment No.: 2043988 Main Office Number (317) 843-5300 c� RECEIVED For Title Questions Please Call Kathy Boren at (317) 805-7073 For Closing Questions Please Call Bill Olsen at (317) 843-5300 2004 -` SCHEDULE A d1t;c Effective Date: , Re£ a l Property Address: 21 E. Main Street, Carmel, Indiana 46032 1. Policy or Policies to be issued: (a) A.L.T.A. Owner's Policy- 1992 Amount of Policy: $675,000.00 Proposed Insured: City of Carmel Redevelopment Commission (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: . • • limo ans ansra • • • i iici, i � 11 1 u •fe (R.a.3 z.4 cyrrIEZ\-- 4.-cyrn 11%0,3 4. The land referred to in this Commitment is described as follows: See attached legal description Hamilton Title Security, LLC,Agent,by: . i!= 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.: 2043988 Legal Description: Tract 1: Begin thirty-eight feet (38) west of the northeast corner of said lot and run south sixty-six feet (66) to the south line thereof, thence west with said line twenty-five (25), thence north sixty-six feet (66) to the north line of said lot, thence east with said line twenty-five (25) feet to the place of beginning. And,begin at the northeast corner of said lot Five (5) and run thence west thirty-eight feet, thence south sixty-six feet, thence east thirty-eight feet, thence north sixty-six feet to the place of beginning. Also, a strip two (2) feet wide off a part of the north side of Lot Six (6) in the original town of Bethlehem, now Carmel, described as follows: Begin thirty-eight (38) feet west of the northeast corner of said lot six (6) and run thence west twenty-five (25) feet, south two (2) feet, east twenty-five (25) feet, north two (2) feet to the place of beginning. Tract 2: Parts of Lots 5 and 6 in the Town of Bethlehem (now Carmel) in Hamilton County, Indiana, as per plat thereof recorded in Deed Record `B", page 512, in the Office of the Recorder of Hamilton county, Indiana, more particularly described as follows: Beginning at the Southwest corner of said Lot 5; thence North on and along West line of said Lot 5, a distance of 36.0 feet; thence East parallel with South line of said lot 102 feet; thence South parallel with the West line of said lots 38.0 feet; thence East parallel with said South line a distance of 25 feet; thence North 2 feet to the North line of said Lot 6; thence East 38 feet to the East line of said lot 6; thence South on said East line 7 feet; thence West parallel to said North line of lot 6, 165 feet to the West line of said lot; thence North on said West line 7 feet to the place of beginning. Tract 3: That part of the Lot No. 5 in the original plat of the Town of Bethlehem, now Carmel, Indiana, bounded as follows, to-wit: Begin at the Northwest corner of said Lot and run thence South 30 feet, East 102 feet,North 30 feet, West 102 feet to the place of beginning. End of Legal Description ALTA Commitment - Schedule B Commonwealth Land Title Insurance Company COMMITMENT FOR TITLE INSURANCE Commitment No.: 2043988 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: aymen o, • • ea on • , _ ._ - --- _ :: • • • • '• • • - .te or interest to be insured. 2. Instrument in insurable form which must be executed, delivered, .•. •my filed for record. 3. Indiana Sales Disclosure Form completed, executes . d filed, all as required by IC 6-1.1-5.5. [12,045] 4. Warranty deed to be executed by t - 'ee simple title holder shown on Schedule A to the proposed insured on Schedule A. 5. Vendor's affidavit s. ' factory to the Company, duly executed. 6. Satisfactio• and release of mortgages and/or security interests as shown in Special Exceptions on Sch-• . e Dis ,' . •f suits sh• '. s- _ _ _-. .. _ • S P"; ccA End of Requirements 1024, vuo ALTA Commitment - Schedule B Commonwealth Land Title Insurance Company COMMITMENT FOR TITLE INSURANCE Commitment No.: 2043988 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: f 61. 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. . 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 Andich, Marshall E. & Sandra Lee Brief Legal: pt 5 & pt 6 Carmel Original Taxing Unit: City of Carmel Parcel No.: 16-10-30-03-01-002.000 1St installment: $546.49 paid 2na installment: $546.49 unpaid Assessed valuation as of effective date (for information only:) Land: $58,200 Improvements: $14,800 Exemptions: $-0- 8. Taxes for the year 2003 payable 2004 in the name of Andich, Marshall E. Brief Legal: pt 5 & pt 6 Carmel Original Taxing Unit: City of Carmel Parcel No.: 16-10-30-03-01-003.000 1St installment: $606.38 paid 2"d installment: $606.38 unpaid Assessed valuation as of effective date (for information only:) Land: $51,400 Improvements: $29,600 Exemptions: $-0- ALTA Commitment - Schedule B Commonwealth Land Title Insurance Company COMMITMENT FOR TITLE INSURANCE Commitment No.: 2043988 9. Taxes for the year 2003 payable 2004 in the name of Andich, Marshall E. Brief Legal: pt 5 Carmel Original Taxing Unit: City of Carmel Parcel No.: 16-10-30-03-01-001.000 1st installment: $394.52 paid 2nd installment: $394.52 unpaid Assessed valuation as of effective date (for information only:) Land: $38,200 Improvements: $14,500 Exemptions: $-0- 10. Taxes for 2004,payable 2005, not yet due and payable. 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. 12. P�ossible�munici a.1 assessments, sewer use charges, and/or impact fees levied by City of Carmel�goArC �, 0. 1 'C\ XComplaint for Condemnation of Real Property filed June 24, 2004, by City of Carmel, Indiana, 6 irt)i , on behalf of its Department of Redevelopment for the Carmel Redevelopment Commission, 5 versus Marshall E. Andich, Sandra L. Andich, et al, in Hamilton County Circuit Court, Cause No. 29C01-0406-MI-733. Affects Tracts 2 and 3. 1-4J Complaint for Condemnation of Real Property filed June 24, 2004, by City of Cannel, Indiana, t on behalf of its Department of Redevelopment for the Carmel Redevelopment Commission, versus Marshall E. Andich, et al, in Hamilton County Circuit Court, Cause No. 29C01-0406-MI- 734. Affects Tract 1. ,( Mortgage for $37,194.58 from Marshall E. Andich to MetroBank dated December 17, 2001, and recorded January 2, 2002, as Instrument 200200000141 in the Office of the Recorder of C� Hamilton County, Indiana. Affects Tract 3. eject to a judgment search against the proposed insured. fj�^� End of Schedule B Illgypi