Commitment for Title Insurance Y
ALTA Commitment Schedule A Commonwealth Land Title Insurance Company
Hamilton Title Security, LLC
COMMITMENT FOR TITLE INSURANCE
Commitment No.: 993307
SCHEDULE A
Effective Date: Ref (2nd rev. 2-2-00)
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Property Address: Main Street, Carmel, Indiana 46032
1. Policy or Policies to be issued:
(a) A.L.T.A. Owner's Policy- 1992 Amount of Policy:$445,000.00
Proposed Insured: the 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:
Q.% 4 0..44Zmfr_t— t`t-r,..4,0,,,1,.s'3- C-a,c,n,►>Sw,l
4. The land referred to in this Commitment is described as follows:
See attached legal description
Hamilton Title Security, LLC, Agent,by °z •C
This commitment is invalid unless the Insuring Provisions an Schedules A and B are attached.
ALTA Commitment Schedule A Commonwealth Land Title Lisurance Company
Hamilton Title Security, LLC
COMMITMENT FOR TITLE INSURANCE
Commitment No.: 993307
Legal Description:
That part of Lot Number Three (3) and Lot Number Four (4) in Carey's Addition (an unrecorded
addition) to the Town of Carmel, Indiana, and part of the Southeast Quarter of Section Twenty-
five (25), Township Eighteen (18) North, Range Three (3) East more specifically and truly
described as follows:
Tract #1: Beginning Thirty-five (35) rods West and One hundred thirty-two (132) feet South of
the Northeast corner of said Quarter Section, thence South Twenty-four (24) feet, thence East
parallel with the North line of said Quarter Section Fifty-two (52) feet, thence North Twenty-four
(24) feet, thence East parallel with the North line of said Quarter Section Fifty-two (52) feet to
the place of beginning.
Tract #2: Beginning Thirty-five (35) rods West and One hundred Fifteen (115) feet South of the
Northeast corner of said Quarter Section, and run thence South Seventeen (17) feet, East Fifty-
two feet, North Seventeen (17) feet and West Fifty-two (52) feet to the place of beginning, in
Hamilton County, Indiana.
Tract #3: Beginning Thirty-five (35) rods West of the Northeast corner of said Southeast Quarter
and run thence South One hundred Fifteen (115) feet; thence East Fifty-two (52) feet; thence
North One hundred fifteen (115) feet; thence West Fifty-two (52) feet to the place of beginning,
Hamilton County, Indiana.
Tract #4: Beginning Twenty-eight rods (28) Eleven and One-half (11-1/2) feet West of the
Northeast corner of said Quarter Section, run West Fifty-two (52) feet, South One hundred fifty-
six (156) feet, East Fifty-two (52) feet, North One hundred fifty-six (156) feet to the place of
beginning.
Tract #5: A part of the Southeast Quarter of Section 25, Township 18 North, Range 3 East,
located in the Clay Township, Hamilton County, Indiana, being more specifically described as
follows:
Beginning at a point on the North line of the Southeast Quarter of Section 25, Township 18
North, Range 3 East, said place of beginning being South 89 degrees 01 minutes 00 seconds
West (assumed bearing) 406.50 feet from the Northeast corner of said Southeast Quarter; thence
South 00 degrees 00 minutes 00 seconds 156.17 feet parallel with the East line of said Southeast
Quarter; thence South 89 degrees 01 minute 00 seconds West 52.00 feet; thence North 00
ALTA Commitment Schedule A Commonwealth Land Title Insurance Company
Hamilton Title Security, LLC
COMMITMENT FOR TITLE INSURANCE
Commitment No.: 993307
degrees 00 minutes 00 seconds 156.17 feet to a point on the North line of said Southeast Quarter;
thence North 89 degrees 01 minute 00 seconds East 52.00 feet to the place of beginning.
Tract #6: A part of the Southeast Quarter of Section 25, Township 18 North, Range 3 East,
bounded and described as follows:
Commencing Thirty-Five rods West and ten rods and five feet South of the Northeast corner of
said Quarter Section, thence running South One Hundred Twenty-Eight feet, thence West One
Hundred and Four feet, to the place of beginning, and being known as Lots 5 and 6 Carey's
Addition to Carmel.
Tract #7: Part of the Southeast Quarter of Section 25, Township 18 North, Range 3 East in
Hamilton County, Indiana, and more particularly described as follows:
Beginning 24 rods, 10 %2 feet West and 10 rods 9 feet South of the Northeast corner of the
Southeast Quarter of said Section 25, Township 18 North, Range 3 East, run thence South 126
feet, thence West 52 feet, thence North 126 feet, thence East 52 feet to the place of beginning,
except five feet off the entire East side thereof.
Also, alleys vacated as per Ordinance D-588, recorded as Instrument No. 88-11576.
Said real estate is now, more specifically described as follows:
A part of the Southeast Quarter of Section 25, Township 18 North, Range 3 East, in Hamilton
County, Indiana, described as follows:
Beginning at a point on the North line of said Quarter Section being South 89 degrees 51 minutes
35 seconds West (assumed bearing) 406.50 feet from the Northeast corner of said Quarter
Section; thence South 00 degrees 51 minutes 36 seconds West, parallel with the East line of said
Quarter Section, 174.00 feet; thence South 89 degrees 51 minutes 35 seconds West, parallel with
said North line 5.00 feet; thence South 00 degrees 51 minutes 36 seconds West, parallel with said
East line, 126.00 feet; thence South 89 degrees 51 minutes 35 seconds West, parallel with said
North line, 47.00 feet; thence North 00 degrees 51 minutes 36 seconds East, parallel with said
East line, 2.00 feet; thence South 89 degrees 51 minutes 35 seconds West, parallel with said
North line 119.00 feet; thence North 00 degrees 51 minutes 36 seconds East, parallel with said
East line, 298.00 feet to a point on said North line; thence North 89 degrees 51 minutes 35
seconds East 171.00 feet to the point of beginning, and containing 1.158 acres, more or less.
ALTA Commitment Schedule A Commonwealth Land Title Insurance Company
Hamilton Title Security, LLC
COMMITMENT FOR TITLE INSURANCE
Commitment No.: 993307
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
ALTA Commitment- Schedule B Commonwealth Land Title Insurance Company
COMMITMENT FOR TITLE INSURANCE
Commitment No.: 993307
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:
,"r. - ;- - - . , - -_ • ..a.•ors of the frill consideration for the estate
or interest to be insured.
2. Instrument in insurable form which must be exe -a, se ivered, and duly filed for record.
3. Warranty deed to s- - -cuted by the fee simple title holder shown on Schedule A to the
propos-• red on Schedule A.
-e c , •.• • - - •mpany, •u y execu et.
End of Requirements
ALTA Commitment- Schedule B Commonwealth Land Title Insurance Company
COMMITMENT FOR TITLE INSURANCE
Commitment No.: 993307
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.
'--c) 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 1998 payable 1999 in the name of Hays, John F. & Laurence Grabb
Brief Legal: L 3 & 4 T E Carey Stanton (unrecorded)
Taxing Unit: City of Carmel Duplicate No.: 33459
Parcel No.: 16-09-25-16-02-001.000
15` installment: $540.87 paid
2"d installment: $540.87 paid
Assessed valuation as of effective date (for information only:)
Land: $13,170 Improvements: $2300 Exemptions: $-0-
8. Taxes for the year 1998 payable 1999 in the name of Hays, John F. & Laurence Grabb
Brief Legal: .107 ac vacated alley 25-18-3
Taxing Unit: City of Carmel Duplicate No.: 33488
Parcel No.: 16-09-25-16-02-031.000
151 installment: $9.08 paid
2"d installment: $----
Assessed valuation as of effective date (for information only:)
Land: $130 Improvements: $-0- Exemptions: $-0-
ALTA Commitment-Schedule B Commonwealth Land Title Insurance Company
COMMITMENT FOR TITLE INSURANCE
Commitment No.: 993307
9. Taxes for the year 1998 payable 1999 in the name of Hays, John F. & Laurence Grabb
Brief Legal: pt L 7 T E Carey Stanton (unrecorded)
Taxing Unit: City of Carmel Duplicate No.: 33486
Parcel No.: 16-09-25-16-02-029.000
1S` installment: $194.75 paid
2"d installment: $194.75 paid
Assessed valuation as of effective date (for information only:)
Land: $2300 Improvements: $3270 Exemptions: $-0-
10. Taxes for the year 1998 payable 1999 in the name of Hays, John F. & Laurence Grabb
Brief Legal: L 5 & 6 T E Carey Stanton (unrecorded)
Taxing Unit: City of Carmel Duplicate No.. 33487
Parcel No.: 16-09-25-16-02-030.000
1S` installment: $234.25 paid
2"d installment: $234.25 paid
Assessed valuation as of effective date (for information only:)
Land: $6700 Improvements: $-0- Exemptions: $-0-
11. Taxes for the year 1998 payable 1999 in the name of Hays, John F. & Laurence Grabb
Brief Legal: pt L 2 T E Carey Stanton (unrecorded)
Taxing Unit: City of Carmel Duplicate No.: 33460
Parcel No.: 16-09-25-16-02-003.000
15` installment: $412.56 paid
2"d installment: $412.56 paid
Assessed valuation as of effective date (for information only:)
Land: $6930 Improvements: $4870 Exemptions: $-0-
12. Taxes for 1999,payable 2000, not yet due and payable.
,1.3'.' NOTE: The real estate tax information set out above is all that is currently available in Hamilton
County Tax computer. Recent computer program changes may have rendered incomplete or
inaccurate the available data. THIS INFORMATION MAY NOT BE SUFFICIENT FOR THE
&L PURPOSE OF ESTABLISHING A PROPER REAL ESTATE TAX ESCROW. Neither the
Company nor its agent, Hamilton Title Security, LLC, assume or accept any responsibility for
ALTA Commitment- Schedule B Commonwealth Land Title Insurance Company
COMMITMENT FOR TITLE INSURANCE
Commitment No.: 993307
loss, damage, cost or expense due to, or arising out of the present unavailability, or accuracy of
tax information.
14. Possible municipal assessments, sewer use charges, and/or impact fees levied by City of Carmel.
LAL ►q-r -t-Lx$
15. Easement, restrictions, possible assessments for maintenance, and rights of others entitled to the
continued unintemipted flow of water through the Follett-Morrow Legal Drain, in accordance
with Indiana Drain Code, IC (1981) 36-9-27-33 et seq. 17S SCw�+,,t en, so
16. Right-of-way for Main Street along the north side of subject real estate, as shown on survey
certified January 24, 2000, by Richard L. O'Brian, Registered Land Surveyor, Hahn Surveying
Group, Inc. Job #000128 (the Survey).
17. Easement rights for public utilities within the vacated alleys, reserved in Ordinance D-558
Vacating a Portion of Alleys recorded June 15, 1988, as Instrument 88-11576, as shown on the
Survey.
18. The following items disclosed by survey certified January 24, 2000, and last revised February 1,
2000, by Richard A. O'Brian, Registered Land Surveyor, Hahn Surveying Group, Inc. Job No.
000128:
a) One story brick building extends across east property line by 0.7 feet;
b) Concrete extends across east property line by 1.6 to 1.2 feet; .
c) UPS and ABE drop boxes located on the west side of real estate.
End of Schedule B
Re:the City of Carmel Redevelopment Commission
Main Street,Carmel,IN
ENDORSEMENT
ISSUED BY
COMMONWEALTH LAND TITLE INSURANCE COMPANY "
Hamilton Title Security, LLC, Agent
Attached to and forming a part of
Commitment for Title Insurance No. 993307
To be annexed to and form part of Policy No. insuring the insured, as set forth in
said policy.
The said policy is hereby amended in the following manner:
The Company hereby insures the Insured against loss or damage which the insured shall
sustain by reason of any inaccuracy in the following assurance:
That there are no entities that own real estate that abuts the insured real estate on the north,
west, and south sides, and the north 174.00 feet of the east side, except for the City of
Carmel for public right-of-way.
This assurance is given to the insured and its successors in title only; provided that its
successors, or its mortgagee, is insured by a policy of title insurance issued by the
Company.
This endorsement is made a part of the commitment or policy. It is subject to all of the terms of the
commitment or policy and prior endorsements. Except as expressly stated on this endorsement, the
terms, dates and amount of the commitment or policy and prior endorsements are not changed.
Dated:
Co i
r . ---•••y •• Title Insurance Company
b �►..a�
Y
Ti e Officer
Hamilton Title Security, LLC