HomeMy WebLinkAboutLIONS RIDGE FILING 4 BLOCK 2 LOT 9 LEGALTO:
FROIT{:
DATE:
SUBJECT:
t{ENloRA.\IDLlNl
Tom Moorhead
Andy Knudtsen
January 2. 1996
Employee Housing in Lionsridge 4th Filing
II.
I. The Ouestion
Tom Braun, representing Carol Orrison, would like to know if the caretakers units
constructed in the Lionsridge 4th Filing should be deed restricted as Type I, II, III' IV' or
V Employee Housing Units.
Background
Carol Orrison is the owner of Lot 10. Block 4. Lionsridge Filing No. 4. There is currently
a single family home and a two-car garage on the propert-v. The property has less than
100 sq. ft. of GRFA available for furure development. He u'ould like to build a t\e'o-car
garage and a caretaker on the propeny.
Lionsridge 4th Filing is zoned Single Family. Hou'ever. Ordinance l5 of Series 1989
allows a caretaker to be constructed on each lot. As a result. each lot has the potential to
support a Primary/Secondary type of strucrure. Per Ordinance l5 of Series I 989. the
carctaker cannot exceed one third of the total GRFA allorved on the lot. The Ordinance
specifies that the employee unit "shall be permitted on each lot." The definition of the
employee unit is provided in Section I 8. I 3. which is the PrimaryiSecondary section of the
code. That citation has since been removed and transferred to the Type I portion of the
Employee Housing Ordinance.
The Employee Housing Ordinance
The Employee Houiing Ordinance provides for five diflerent types of employee housing.
There are different attributes of each type that match the Lionsridge 4th Filing standards,
but there is not a clean match between any of the types and the situation in the 4th Filing.
Staffbelieves that it is a closer match to the Type I, as there are six attributes of the
Employee Housing Ordinance wbich match the situation under a Type I scenario. The
Type II has only one atffibute that matches this situation: however staff understands that
the one is significant. Staffbelieves that all of the attributes are important and would like
yor"rr interpretation as to which restriction, a Type I or Type II is appropriate.
III.
Planners: please keep this in mlnd for all dgvelopment in Lionsridge 4th Filing
MEMORAI|IDTJM
TO: Tom Braun
FROM: ArdyKnu&sen
DATE: January 8. 1996
SUBJECT: Employee Housing in Lionsridge 4th Filing
On January 4, lgg6,Tom Moorhead and I reviewed the attachedmemo and analyzed the
Employee Housing Chart, located in the zoning code at the end of the Employee Housing
Chapter. He concluded that the caretaker dwelling rmits in Lionsridge Fourh Filing shortld be
deed restricted as Type I EHU's.
Please call me or Tom if you would like to disQuss this fiuther q would like additional
documentation.
75 south frontage road
vail. colorado 81 657
(303) 479-2100
May 1-0, 1990
carroll P. orrison
1464 Aspen Grove Lanevail, co 8L657
Dear carrol:
At this time, our department has not received any request for a
rezoning for Lot 8, Lionsridge 4th filing. we did receive a
request to build a driveway to the building site on Lot 8.
However, recently I wrote a letter to the bank indicating that
the road would not be possible to build until our To!,tn of Vail
Design Review board had approved plans for an entire residence
and a buiiding permit had been taken out for the entire
residence.
We will put a copy of your letter into the file for Lot 8 as well
as copies in lots 9 and 10 for Lionsridge filing No. 4. ff you
have any further questions about this issue, please feel free to
contact ne at 479-2L38.
Sincerely,
{tiil^ qr'\
Kristan Pritz
Director
Community Development
KPlPP
o
x,a 'lL-r-rJjft" , "P\-' dgkl/tt" / AppLrcATron DATE:ANW" / APPLICATIoII DATE: -.V(Y I onre oF DRB MEETITiG:
o-lh-0b
DRtJ APPL ICATION
*****THIS APPLICATION I.IILL NOT BI ACCEPTED UNTIL ALL INFORMATiON IS SUBI1ITTED*****
PRE-APPLICATION MEETING :
A pre-application meeting with a planning staff member is strongly suggested to
deiermine if any additional information'is needed. No application wili be accepted
unless it js complete (must include all items required by the zoning administrator).
It is the applicant's responsibility to make an appointment with the staff to find
out about additional submittal requirements. Please note that a COMPLtTE applica-
tion will streamline ihe approval process for your project by decreasing the number
of conditions of approval that the DRB may stipulate. ALL conditions of approval must
be resolved before a building permit is issued.
A. PROJECT DESCRIPTION:
B. LOCATION OF PROPOSAL:
Legal Descri ption
D.
E.
$ o-
$ 10,001 -
$ 50,001 -
ll)u,uul, -
$500,001 -$ 0ver
$ 10.00
$ 25.00
$ so.oo
$ 100 .00
$200.00
$300 .00
TO THE DRB:
1. In addition to meeting submittal requirements, the applicant must stake the site
to indicate property lines and building corners. Trees that wi ll be removed
should also be marked. This work must be completed before the DRB visits the
^ a {-^) I Ltr.
IMPORTANT NOTICE REGARDING ALL SUBI,lISSIONS
The revjew process for NEl,/ BUILDINGSof the Design Review Board, so plan
People who fail to appear before the
meeting and who have not asked for a
reoubl i shed.
wi l l normal ly i nvol ve two separate meetings
on at least two meetings foi their approval .
Design Review Board at thejr scheduled
postponement will be required to be
L.
naa".",, wto6 &w e?nft Ltl , _
Lot n Block
-.--T-=--
b Fi I ing t/ti\^|9
C. NAME OF APPLICANT:
Addres s
NAIV1E OF
F.
ACdres
NAMI O
Signat
Addres
DRB FE
VALUAT I ON
ZoninE +
APPLICANT'S REPRESENTATIVE :
4q
$ 10,000( qn nnnY vv tvvv( 1En nnn
$ 500,000
$ 1 ,000 ,000
$ I ,000,000
Kt&4t+
telephonefiVWAU
teiephone 111'rt+
terephone 4u*qga
The fee w paid at the time a building permit is requested
FEE
OI,JNERS:
3.
ZONE CHECK
FOR
SFR, R, R P/S ZONE DISTRICTS
DATE: 2/15/88
rEent % Block z Filing Lion,s Ridse,ADDRESS: 1/.a( ^^^NUNtrDXlll|T..". Phone 476 6338l8fiirJlsl phon.--e.4fr6i4-
DQnDnqtrn |lctrr r\vr v..rLU uJc Si nole Fami I V ReSidence
LOT SIZE 26.O48 s.f .
Fi I i no 4.
Hei ght
Total GRFA
Primary GRFA
Secondary GRFA
Setbacks: Front
Sides
Rear
Water Course
Si te Coverage
Landscapi ng
Fence/Retaini.ng tllal l Heights
Parki ng
Credi ts: Garage
Mechani cal
Ai rl ock
Storage
Solar Heat
Drive: Slope Permitted
Envj ronmental /Hazards :
Al I owed
(30)(33)
4854 s. f.
4854
N/A
20'
15',
15'
( sol 1561
)zvY s.x.
15630 s.f.-6r--r:t-
(300)(600)
(eoo)(1200)
(50)(1oo)
(25) (50)
(200)(400)
4o7" Slope Actual
Aval anche No
Proposed
28
19400 s.f.--6---_T-
200
,4210"s.f . ri ,,
427o
N/A
18'& 57'
N/A
2960 s.t.
/, c,l
Jf
25
3BZ
Flood Plain
Sl ope
No
No
l'letl ands No
Geologic Hazards Medium Hazar d Rockfall
Conrnents:
Zoning : Approved/Disapproved
Date:
)tart 5tgnature
o
APPL I CATiON DATE :2 /15 /88
DATE 0F DRB YEETIi'IG 3/2/88
DRB APPLICATION
*****THIS APPLICATION I^IILL NOT BE ACCEPTED UNTIL ALi- iNFORMATION IS SUBNITTED*****
PRE-APPLI CATION MEETING :
A pre-application meeting with a pianning staff member is strongly suggested to
determine if any additional information is needed. No appijcation will be accepted
unless it is complete (must include all items required by the zoning administrator).
It is the appficant's responsibility to make an appointment lvith i.he staff to find
out about addjtional submittal requirements. Please note tnat a C0I4PLETE applica-
tion will streaml ine the approval process for your proiect by decreasing the number
of condjtions of approval that the DRB may stipulate. ALL conditions of approval must
be resolved before a buildjng pe'';nit is issued
A. PROJECT DESCRIPTION:Single Family Residence
B. LOCATION OF PROPOSAL:
Address_ 1465 Asnen Grove Lane
Legal Description Lot q Block
Zon i ng sFR
-
Fi 1 i ng Lion's RldLe
Filing 4
D.
Add res s
NAME OF
Addres s
F. DRB FtE: The fee rvi I I
VALUAT I ON
2.The revjew process for NEW BUITDINGSof the Design Review Board, so plan
People who fail to appear before the
meeting and who have not asked for a
reoubl i shed.
wi'l I normal ly involve two separate meetings
on at least tlvo meetings for their approval .
Design Rev'i ew Board at their scheduled
postponement will be required to be
C. NAME 0F APPLICANT: c2i I na\r
1514 Buffehr Creek telephone 476 6338
APPLICANT'S REPRFSENTATIVE :_ Duane pj per
oo48 F,..Reaver Creek Blvd. (Box 5560) Avon. CO telephone 94q 7074
E.NAI1E 0F 0WNERS: Cail Dav
Signature
Address l5l4 Bufrahr creek, vail, co teiephone /!7(, 7oi4
be paid at the time a building permit is requested.
FEE
$ 0-$ 10,000 $i0.00
$10,001 -$ 50,000 $25.00
$50,001 -$ 150,000 $50.00
$150,001 -$ 500,000 $100.00
$500,001 - $1,000,000 $200.00$ Over $1,000,000 $300.00
IMPORTANT NOTICE REGARDING ALL SUBMISSiONS TO THE DRB:
In addition to meeting submittal requirements, the applicant must stake the sjte
to'i ndicate property lines and building corners. Trees that will be removed
should also be marked. This work must be completed before the DRB visits the
site.
3.
UTILI'IY LOCATION VERIF ICTTION
SUBD IV ISI ON Lion's Ridge Filing N0. 4
JOB NAME Dav Residence
LOT BLOCK FILING 4
ADDRESS
The location of utilities, whether they be main trunk
lines, nust be approved and verified by the following
accompanying site p1an.
Authori zed Signature
rf z-lc, -t(
zaLie
)-/("-€€
* For new cc
a-tE_t_tpi ease f il I
at'"3c!)ed sh(
Z-15 -E(
2-/6-gf,
*dt'r. a"X;h./,
J"4.r- /*i4 .-o- a{.fr catt--
AqZ*-a ht-/ .
\tob'ttw,
Mountai n Bel I
I -634-3778
l,,lestern Slope Gas
Harry Moyes
Publ ic Service Company
Gary Ha11
Hol-v Cross El ectri c Assoc.
Ted Husky/Michael Laverty
Vai I Cabl e T.V .
g+ef+en'nson
Si€ .,t Fl
'
.Tif
ijpper Eagi e Vai 1ey lrlater
and Sanitation Discrict
David Krenek
NOTE: These verifications do not relieve the contractor of hrs
responsibil ity to obtain a street cut pernit fiiorlr thc
Torvn of Yai I , Departrnent of Publ ic ll'orks and to ob tain
utility Iocations before digging i.n aril- prrbi ic right-
of-way or ease:nent in the To rvn of Vail. A building pernrit
is not a street cut permit.
obtained separately.
A street cut uernit :nust be
This form is to verj.fy service svai.lablity and location.
This shouid be used in conjunction wi.th preparing your
I ines or propos ed
utilitics for the
Da te
utility plan and scheduling instaliatior,s.
LIST OF MATTRIALS
NAME OF PROJECT:
LEGAL DESCRIPTIOI.I:
STREET ADDRESS:
DESCRIPTION OF PRO
f€e€
The foltowing information is required for submittal by the applicant to the Oesign Review
Board before a final approval can be fiven:
A. BUILDING I4ATERIALS: TYPE OF MATERIAL COLOR
Roof
Siding
0ther
Fasci a
Soffi ts
lrJi ndows
l^iindow Trim
Doors
Door Trim
Hand or Deck Rails
Fl ues
Fl ashings
Ch i mn eys
Trash Encl osures
Greenhouses
0ther
B. LAN0SCAPING: Name of Designer:
pnone:
PLANT MATIRIALS:
PROPOSED TREES
Botanical Name Comno n llame
EXrsrrNG TREES To meilBt RE|'10VED -----1------
-!!L!-
91.{. to'wfuasacntr efir€;bt4,
ftilaeo- O^?tdl-@*tVg _'A|flI
for ccni fers .
(over)
*lrrdicate caliper for deciducious trees,Indicate height
PLANT I'IATERI ALS :
(con't)
SH RUB S
EXISTING SHRUBS
TO BE REMOVEO
GROUND COVERS
lltp
VrNt+ouff€
Botani cal Name Common Name Quan ity Size
(hlmr hmr.ra fu^,
1/
----a-
I,
lo
1 ehL
1u-,
--G:n-.
6e*u
(nrr.e ro innl'rno
oa
SOD ot6\,
STED hAje ynr.l *44
TYP! OF
IRRIGATION
TYPE OR I'IETHOD OF
EROSION CONTROL
C. OTHtR LANDSCAPE FEATURES (retaining rvalls, fences, swimming pools, etc.) please specify
o
ohr?\-
k?5 tor-
,- 4zz,t-
zr.r
gqo
{_-
3o,z-f(,r*
2.4. f 't
d.z s-G, Y
l4,o K 1-
/L t
9t, 5-.L
a-)(- sr.o)
ZL f,L.Y
3t
IL
/{
z 3 st,
.(6( S-, t
LI
-- y f,tl
i ^Ll1a"n*to Y l6t1
I#t_
75 soulh tronlage road
vail. colorado 81657
(303) 476-7000
February 24, L986
Mr. Duane Piper
Box 5560
Avon, Colorado 81620
Re: Day Residence, Lot 9,
Dear Duane:
We have scheduled the Day
DRB on March 2. Before wewill need:
Block 2, Lionsridge 4th Filing
residence for conceptual review atcan schedule if for final review we
l-. A site specific study with a letter explaining thefindings by a qualified engineer.
2. BiII Andrews is asking that iten #j_5 of the TitleReport be clarified. ft reads as foLtows:
rrEasement granted to Valtey Associates, Ltd., recordedMarch 18, l_980 in Book 300 at page 2g\..l
We notice that you show two fireplaces. One must be a gasfireplace.
ff you have any guestions, please call rne.
Sincerely,/.'|i/r'/tl I/\-c ct-. V,)11 .,,
" Rick ry/rnan "'''\-
Town Planner
RP: br
*', lana ritte association commatment - l96o
COMMITMENT FOR TITLE INSURANCE
ISSUED BY
S'I'EIVAItT A'I'I'LE
GUARANTY COMI' IiY
STEWART TITLE GUARANTY COMPANY, A Texas Corporation, herein called the Company,
for a valuable consideration, hereby commits to issue its policy or policies of title insurance, as
identified in Schedule A, in favor of the proposed Insured named in Schedule A, as owner or mortgagee
of the estate or interest covered hereby in the land described or referred to in Schedule A, upon pay-
ment of the premiums and charges therefor; all subject to the provisions of Schedules A and B and to
the Conditions and Stipulations hereof.
This Commitment shall be effective only when the identity of the proposed Insured and the
amount of the policy or policies committed for have been inserted in Schedule A hereof by the
Company, either at the time of the issuance of this Commitment or by subsequent endorsement.
This Commitment is preliminary to the issuance of such policy or policies of title insurance and all
liability and obligations hereunder shall cease and terminate six months after the effective date hereof
or when the policy or policies committed for shall issue, whichever first occurs, provided that the
failure to issue such policy or policies is not the fault of the Company.
Signed under seal for the Company, but this Commitment shall not be valid or binding until it
bears an authorized Cou ntersignature.
lN WITNESS WHEREOF. Stewart Title Guaranty Company has caused its corporate name and
seal to be hereunto affixed by its duly authorized officers on the date shown in Schedule A.
!STE\,!'ART TITI,I'
(}fIARA|\|TY (-I)VPAN}'m.?Zaie-]a*.
Pr esident
005N R€v. 3/78
25M 4-87
Chairman of the Board
seratNo C-9912- 35S458
tH/ak
SCHEDULE A
Order Number:1i?1-\/
1. Eltoctiw dale:
2. Foricyorporiciasto*ls$glloh 14' 198? Ah 8100 A.H.
A. ALTA Oxner's Policy
Proposed Insur€d:
GAIL EIIGLER DAY
g. ALTA Loan Policy
Proposed lnsur€d:
^ FIRST IIf]ERSTATE BAIiTK OF DENVER
Commitment Number:
Amount of lnsuranca
$ l zo, ooo. oo
r Tax Cert.
c6,000. 00
a
AUGUST 26, ].987
CC: FIRST INTERSTATE
STIFER
G. DAY
Premium
$5?2. 0o
5. 00
$ 50.00
3. Tho estale or interest in th€ land d€scrib€d or relerred to in this commitment and co/ered herein is fee simple and title ther€to is at the ettectivg date hereof
vesled in:
FIRST IIfTERSTATE BANK OF DENVER
4. Th€ land ref€rr€d to in lhis coanmitm€nl is doscribed as lollows:
I,OT 7
BtoeK 2
LION'S RIDGE SUBDIVISION
FTLING NO. 4
According to the recorded plat bhereof.
COUIITV CIF EAGLE
STATE OF EOLORADO
FOR QUESTIONS REGARDING THIS COMMITMENT PLEASE CALL LINDA
'IILLIAMSAT 303-949-1011.
FOR QUESTIONS REGARDING CLOSING PLEASE CALL CINDY HUGHES AT303-949-1011.
SISTART TITLE OF EAGLE COUNTYP.O. BOX 1248
VAIL. COLORADO 81658
STE\^rAR.T TTTI-E
GUABAT{T? COIIANY
1652 (25M 3/86)
Pag€ 2
SCHEDULEB-Sectionl
Order Number:Commitment Number:
3321-V Requirements
The following are the requiremenls to be complied with:
Item (a) Payment to or for the account ol the grantors or morlgagors of the full consideralion for the estale or interesl
to be insured.
Item (b) Proper inskument(s) creating the eslate or interest to be insured must be executed and duly filed lor record,
lo wit:
1. Executlon of affidavit as to Debts and Llens and lts return to
Stewart Title Guaranty Conpany.
2. Execution of Certiflcat,ion - Enttty Transferor/lndividual
Traneferor and ita return to this offlce.
3, EVidence satisfactory to Stewart Tltle Guaranty Conpany that
the real egtate transfer tax assessed by the Town of VAII has
been paid or that the transaction la erenpt fron said tax.
4. Partlal release by the PubLic Trustee of Eagle County releaslng
subJect property fron the llen of D,eed of Trugt fron JEFT?EY B.
SEI,BY Ln favor of FIRST II{TERSTATE BAI{K oF DHiIVER securingt
9500,000.00 AND 9250'000.00 dated afULY fI' 1984 recorded AUGUST
9 1984 in Book 392 at Page 5 as Reception No. 288303.
5. PartiaL release by the Publ.lc Trustee of Eagle County !91911-iltSsubJect property iron the llen of Deed of Trust fron JEFFREY B.
SELBY in favor of FfRST MTERSTATE BAIiIK OF DEIM securlng
$200,000.00 dated APRIL 10, 1985 recorded APRIL 17' 1985 in
Book 4trL at Page 418 as Receptlon No. 307596.
5, Certificate of satisfactlon issued by the Clerk of the Court of
Judgrnent in favor of It27 IIAZEE against JEFFREY B. SELBY, J0HN
nnnnfe Al{D ALLHC GRSTBJBERGEB, ln the anount of $4251311.56'plus court costs, entered on February )'2, 1985 in Civil Action
ttto. I 86 00?290 District Court, Denver Counby, transcript of
whlch ltas recorded July 28, 1985 In Book 445 at Page 912 as
Reception No. 342L56.
7. Deed fron vested owner, vest,ingr fee slnple title ln
purchaser(g). NOTE: NOTATfON OF TtlE LEGAT ADDRRESS OP TflE
GRAIITEE M'ST APPEAR ON TITE DEED ASi PER 1976 N{B{DMEIST TO
STATUIE ON RMORDING OF' DEEDS 73 CRS 3835I.09 (2}.
8. Ileed of Trust fron ttre Borrower to the Publlc Truet,ee for tlre use of
the propoged lender to secure tlre l-oan.
STE\vART TITI-E
GUANANTY COXIANY1653 (2sM 3/86)Page 3
SCHEDULEB-Section2
Exceotions
Order Number: Commitment Number:
332L-V
The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the
satis{action ot lhe Comoanv:
1. Rights or claims of parties in possession not shown by the public records.
2. Easements, or claims of easements, not shown by the public records.
3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a correct
survey and Inspection o{ the premises would disclose and which are not shown by the public records.
4. Any lien, or right to a lien, for services, labor or malerial heretofore or hereafter furnished, imposed by law
and not shown by the public recotds.
5. 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
ot record lor value the estate or interest or mortgage thereon covered by this Commitment.
and alL unpaid tares and assesEnents and any unredeemedsales.
7. The effect of tncluslons in any greneral or speclflc rratercongervancy, fire protectlon, soi.l conservatlon or otherdietrlct or incluslon ln any nater service or streetinprovernent area.
8. Right o way for dltches or canara constructed by the auttrorttyof the United Statesr as reserved in United States Patent recordedAugnrst 15, 1909 ln Book 48 at page 542.
9. Right of proprietor of a vein or tode to extract and remove hisore therefron should the same be found to penetrate or intersectthe prenises as reserved in Unlted States Patent of record ininstrunent recorded August 1Or 1909 in Book 48 at page 542.
10. Rlght of way for ditches and canals constructed by the authorityof the united. states and rlght of way for an exisllng road., being40 feet in wldth granted to the Eagle County Board of Commissionersas reserved in Patent recorded July 27 | L979 in Book zBB at page
885 as Reception No. 185287.
11. Restrictlve covenants rshlch do not contain a forfelture or reverterclause, contained in inst,runent recorded Septenber 20, 1972 in Book225 aE Page 443 and lnstrument recorded Septenber 29, L97Z in Book225 at Page 565 and the Anendnent recorded in Book 233 at page
53 and in Declaratlon recorded in Book 300 at Page 758 and rerecordedin Book 300 at Page 758 and rerecorded in Book 30t at Page 41.5,
i12; Utllity easenents 20 feet ln wldth, I0 feet on each side of a1L''- intertor Lot lines and a 15 foot utiJ.ity easement along andabuttlng on all exterior lot lines as reserved on the plats forLion's Rldge Subdlvlsion, Flling No. Z,
13. Restrictive Covenants, whlch do not contain a forfelture orreverter clause, as contained in instrunent recorded August
See Continuatlon Page
6. Any
tax
Exceptions numbered
1654 (15M 3/86)
are hereby omitted.
STEWART TITLE
GUANANTY COX?ANY
Page 4
CONTINUATION SHEET
SOHEDULEB=s€rtion Z
Order Number, 33Zt_V Commitment Number:
3, 1980 tn Book 306 at Page 410 ag amended by lnstrurnent recorded
Novenber 26, 1980 in Book 313 at Page 824.
/ lilr Easenent and right of way granted to Holy Cross Electric Association,Inc., recorded August 20, L979 ln Book 289 at Page 989'
I5i Easernent granted to Valley Associates, Ltd., recorded Harch 18'
1980 in Book 300 at Page 290.
15. Agreernent between Tayvel Environnental Land Conpany and Hountain
States Telephone and Telegraph Conpany providlng for Telephoneinstallation and service throughout f,1on's Ridge Subdivtslon,
Filing l{o. 2 recorded Septernbet 27,1973 ln Book 23I at Page
29L,
17. Easenents as shorrrl on the plat of Llon's Rldge Subdivlslon Flling'/No.4.
Page _
00s5 l50M 1-87)
STE\^IAR.T TITI-E
GUABANTY COXPANY
1.
2.
CONDIT]ONS AND STIPULATIONS
The term mortgage, when used herein, shall include deed of trust, trust deed, or
other security instru ment.
lf the proposed Insured has or acquires actual knowledge of any defect, lien,
encumbrance, adverse claim or other matter affecting the estate or interest or
mortgage thereon covered by this Commitment other than those shown in
Schedule B hereof, and shall fail to disclose such knowledge to the Company in
writing, the Company shall be relieved from liability for any loss or damage
resulting from any act of reliance hereon to the extent the Company is preiudiced
by failure to so disclose such knowledge. lf the proposed Insured shall disclose such
knowledge to the Company, or if the Company otherwise acquires actual
knowledge of any zuch defect, lien, encumbrance, adverse claim or other matter,
the Company at its option may amend Schedule B of this Commitment
accordingly, but such amendment shall not relieve the Company from liability
prwiously incurred pursuant to paragraph 3 of these Conditions and Stipulations.
Liability of the Company under this Commitment shall be only to the named
proposed Insured and such parties included under the definition of 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 with the requirements
hereof, or (b) to eliminate exceptions shown in Schedule B, or (c) to acquire or
create the estate or interest or mortgage thereon covered by this Commitment. In
no event shall such liability exceed the amount stated in Schedule A for the policy
or policies committed for and zuch liability is subject to the insuring provisions and
the Conditions and Stipulations and the exclusions from coverage of the form of
policy or policies committed for in favor of the proposed Insured which are hereby
incorporated by reference and are made a part of this Commitment except as
expressly modif ied herein.
Any action or actions or rights of action that the proposed Insured may have or
may bring against the Company arising out of the status of the title to the estate or
interest or the status of the mortgage thereon covered by this Commitment must
be based on and are sublect to the provisions of this Commitment.
STE\VAIIT TITLE
GUARANTY CO MPANY
All notices required to be given the Company and any statement in writing required to
be furnished the Company shall be addressed to it at P.O. Box 2029. Houston. Texas
77252, and identify this commitment by its printed COMMITMENT SERIAL NUM-
BE R which appears on the bottom of the front of the f irst page of this commitment.
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COI'II4ENTS NEEDED BY:
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FIRE DEPARTMENT
Reviewed by:
Corments:
Reviewed by:
Com;nents:
Revlewed.by:
Co;;ents:
Date
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