My WebLink
|
Help
|
About
|
Sign Out
Home
Agenda - Council - 06/14/2016
Ramsey
>
Public
>
Agendas
>
Council
>
2016
>
Agenda - Council - 06/14/2016
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/17/2025 3:50:11 PM
Creation date
6/10/2016 2:25:00 PM
Metadata
Fields
Template:
Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
06/14/2016
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
689
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
COMMITMENT FOR TITLE INSURANCE <br />REPUBLIC <br />* e l In . <br />American Land Title Association <br />Commitment - 2006 <br />Issued by Old Republic National Title Insurance Company <br />Old Republic National Title Insurance Company, a Minnesota corporation ("Company"), for a valuable consideration, commits to issue its policy <br />or policies of title insurance, as identified in ScheduleA, in favor of the Proposed Insured named in ScheduleA, as owner or mortgagee of the <br />estate or interest in the land described or referred to in Schedule A, upon payment of the premiums and charges and compliance with the <br />Requirements; all subject to the provisions of Schedules A and B and to the Conditions of this Commitment. <br />This Commitment shall be effective only when the identity of the Proposed Ir1sured and the amount of the policy or policies committed for have <br />been inserted in Schedule A by the Company. <br />All liability and obligation under this Commitment shall cease and terminate six (6) months after the Effective Date or when the policy or policies <br />committed for shall issue, whichever first occurs, provided that the failure to issue the policy or policies is not the fault of the Company. <br />The Company will provide a sample of the policy form upon request. <br />IN WITNESS WHEREOF, OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY has caused its corporate name and seal to be <br />hereunto affixed and by these presents to be signed in facsimile under authority of its by-laws, effective as of the date of Commitmentshown in <br />Schedule A. <br />CONDITIONS <br />1. The term mortgage, when used herein, shall include deed of trust, trust deed, or other security instrument. <br />2. If the proposed Insured has or acquired actual knowledge of any defect, lien, encumbrance,adverse claim or other matter affecting the estate or <br />interest or'mortgage thereon covered by this Commitmenthther than those shown in Schedule B hereof, and shall fail to disclose such knowledge to <br />the Company in wilting, the Company shall be relieved from liability for any loss or damage resulting from any act of reliance hereon to the extent <br />the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the Company, or if <br />the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim or other matter, the Company at its option <br />may amend Schedule B of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred <br />pursuant to paragraph 3 of these Conditions. . <br />3. Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of <br />Insured in the form of policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply <br />with the requirementshereof, or (b) to eliminate exceptions shown in Schedule B, or (c) to acquire or create the estate or interest or mortgage <br />_thereon covered by this Commitment. In no event shallsuch liability exceed the amountstated in Schedule A for the policy or policies committed for <br />and such liability is subject to the insuring provisions and Conditions and the Exclusions from Coverage of the form of policy or policies committed <br />for in favor of the proposed Insured which are hereby incorporated by reference and are made a part of this Commitment except as expressly <br />modified herein. <br />4. This Commitment is a contract to issue one or more title insurance policies and is not an abstract of title or a report of the condition of title. Any <br />action or actions or rights of action that the proposednsured may have or may bring against the Company arising out of the status of the title to the <br />estate or interest or the status of the mortgage, thereon covered by this Commitment must be based on and are subject to the provisions of this <br />Commitment. <br />5. The policy to be issued contains an arbitration clause. All arbitrable matters when the Amount of Insurance is $2,000, 000orless shall be arbitrated <br />at the option of either the Company or the Insured as the exclusive remedy of the parties. You may review a copy of the arbitration rules at <br />http://www.alta.o rgl. <br />Issued By: <br />P22798 File No.: 1505780 OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY <br />A Stock Company <br />400 Second Avenue South, Minneapolis, Minnesota 55401 <br />612-371-1111 <br />TITLE ONE, INC. <br />14985 GloiierAvenue, Suite 335 <br />Apple Valley, Minnesota 55124 <br />Phone: 952.806.6430 <br />Authorized Signatory <br />OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY <br />Date Printed: 12,14.2015 <br />Date Updated: <br />(does not alter the "commitment date") <br />Ey <br />Attest <br />President <br />Secretary <br />COMMITMENT JACKET <br />ALTA Commitment 2006 Form <br />File No.: 1505780 <br />
The URL can be used to link to this page
Your browser does not support the video tag.