HomeMy WebLinkAboutCommitment Timber Ridge (1280 NORTH FRONTAGE ROAD)(our 50038975)
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Commitment Timber Ridge (1280 NORTH FRONTAGE ROAD)(our 50038975)
George Ruther
Karen Spaid
George Ruther
SMTP
kspaid@ltgc.com
Commitment Timber Ridge (1280 NORTH FRONTAGE ROAD)(our 50038975)
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From: Karen Spaid <kspaid@ltgc.com>
Date: Tue, 29 Jul 2014 14:16:22 -0600
Message-ID: <CA+G5zqa+R6wencGNOxsgyVwU=AaLwDSXZg-u5dWBUGvEDzKW3w@mail.gmail.com>
Subject: Commitment Timber Ridge (1280 NORTH FRONTAGE ROAD)(our 50038975)
To: <gruther@vailgov.com>
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Karen Spaid
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kspaid@ltgc.com
George Ruther
Commitment Timber Ridge (1280 NORTH FRONTAGE ROAD)(our 50038975)
Hi George, here is the linked commitment I was mentioning and the printable version is in a link below. Let me know what you think about the tax exemption.
Thanks, Karen
<http://www.cc.ltgc.com/portal_memberdata/portraits/kspaid>
Karen Spaid
Land Title Guarantee Company
3033 East First Ave, Suite 600
Denver, CO 80206
Phone: 303-331-6214
Fax: 877-375-5033
Email: kspaid@ltgc.com
Land Title Guarantee Company <http://www.ltgc.com/>
View this email in full HTML in your browser <https://www.ltgc.com/email?id=2NDW0Pte2Nhwn57q-8Jllg>
Associated Documents
* Commitment <http://www.ltgc.com/images/?imageid=MX0BVCQ5XNE6gjRsYgrAwA>
Navigating and Understanding your Title Commitment Summary
* Click on the blue links in the Table of Contents to go to a specific section
* Click on the <http://www.ltgc.com/style/move_up.gif> (back to top)links to return to the top of the email
* Click on the blue links within the body of the email to view a related document
* Click on a blue email address link in the Contacts section to send an email to that party
* Green underlined text indicates changes from the previous Title Summary
For general information on title insurance, please refer to http://www.alta.org/consumer
Commitment Summary - 1280 NORTH FRONTAGE ROAD (50038975)
View Printable Version <https://www.ltgc.com/images?imageid=sRvHmWhPikxFX9jy1Gs-Tw>
Table of Contents
* LTGC Contacts
* Delivery Parties
* Order Information
* Vesting (24 month Chain of Title)
* Wire Instructions
* Title Fees
* Schedule A
* Requirements
* Exceptions
* Disclosure
Your Land Title Guarantee Company Contacts <http://www.ltgc.com/style/move_up.gif> (back to top)
For Closing Assistance
Colin Snody
3033 E 1ST AVE #600
DENVER, CO 80206
303-331-6234 (phone)
303-393-3806 (fax)
csnody@ltgc.com
Closer's Assistant
DEREK GREENHOUSE
3033 E 1ST AVE #600
DENVER, CO 80206
303-331-6239 (phone)
303-393-4783 (fax)
dgreenhouse@ltgc.com
For Title Assistance
SCOTT BENNETTS
5975 GREENWOOD PLAZA BLVD
GREENWOOD VILLAGE, CO 80111
303-850-4175 (phone)
303-393-4842 (fax)
sbennetts@ltgc.com
Commitment Delivery Parties <http://www.ltgc.com/style/move_up.gif> (back to top)
Buyer/Borrower
GORMAN & COMPANY, INC.
Attention: RACHEL M. SNETHEN, EXECUTIVE ASSISTANT TO THE CEO
200 NORTH MAIN STREET
OREGON, WI 53575
608-835-7155 (work)
608-835-3922 (work fax)
rsnethen@gormanusa.com
Delivered via: Electronic Mail WINTHROP, WEINSTEIN
Attention: THOMAS J. KETTLESON
612-604-6630 (work)
tkettleson@winthrop.com
Delivered via: Electronic Mail
Attorney for Buyer
REINHART, BOERNER, VAN DEUREN, S.C.
Attention: WILLIAM R. CUMMINGS
414-298-8330 (work)
414-298-8097 (work fax)
wcumming@reinhartlaw.com
Delivered via: Electronic Mail LAND TITLE GUARANTEE COMPANY
Attention: SHERRI GOLDSTEIN
3033 E 1ST AVE #600
DENVER, CO 80206
303-321-1880 (work)
303-322-7603 (work fax)
sgoldstein@ltgc.com
Delivered via: Electronic Mail
Mortgage Broker
NORTHMARQ CAPITAL INC
Attention: JONATHAN HILLER
6300 S SYRACUSE WAY #250
303-225-2100 (work)
720-200-4840 (work fax)
jhiller@northmarq.com
Delivered via: Electronic Mail Lender - New Loan
TCF BANK
Attention: STEVE CLIFFORD
11100 WAYZATA BLVD. SUITE 600
MINNESOTA, MN 55305
952-512-6436 (work)
612-219-4597 (work fax)
scliffor@tcfbank.com
Delivered via: Electronic Mail
Order Information <http://www.ltgc.com/style/move_up.gif> (back to top)
Order Number:
50038975
Property Address:
1280 NORTH FRONTAGE ROAD, VAIL, CO 81657
Buyer/Borrower:
THE TOWN OF VAIL, COLORADO, A COLORADO MUNICIPAL CORPORATION
Vesting Deed(s) / (24 month Chain of Title):
Eagle county recorded 1/31/2014 under reception no. 201401576 <https://www.ltgc.com/images?imageid=p4Vciy-cWS8iNEhJwBDQhQ>
Wire Instructions <http://www.ltgc.com/style/move_up.gif> (back to top)
Bank:
Address:
Phone:
Credit:
ABA No:
Account:
Attention: FIRSTBANK OF COLORADO
10403 W COLFAX AVENUE
LAKEWOOD, CO 80215
303-237-5000
LAND TITLE GUARANTEE COMPANY
107005047
2160521825
Colin Snody
Estimate of Title Fees <http://www.ltgc.com/style/move_up.gif> (back to top)
ALTA Loan Policy 06-17-06
Deletion of Standard Exception(s) 1 through 3
Endorsement ALTA 3-06
Endorsement ALTA 9.6-06
Endorsement ALTA 9.7-06
Endorsement 8.2 - 06
Endorsement ALTA 26-06
Endorsement ALTA 22-06
Endorsement ALTA 25-06
Endorsement ALTA 18.1-06
Endorsement ALTA 17-06
Endorsement ALTA 17.2-06
Endorsement Arbitration Deletion-06
Tax Certificate $14,599.00
$100.00
$1,500.00
$1,000.00
$2,000.00
$100.00
$2,920.00
$100.00
$2,920.00
$100.00
$100.00
$100.00
$100.00
$42.00
$25,681.00
Schedule A <http://www.ltgc.com/style/move_up.gif> (back to top)
Property Address:
1280 NORTH FRONTAGE ROAD, VAIL, CO 81657
1. Effective Date:
07-16-2014 at 17:00:00
2. Policy to be Issued and Proposed Insured:
"ALTA" Loan Policy 06-17-06
Proposed Insured:
TCF BANK, ITS SUCCESSORS AND/OR ASSIGNS
$20,900,000.00
3. The estate or interest in the land described or referred to in this Commitment and covered herein is:
A FEE SIMPLE, AS TO PARCEL A; AN EASEMENT, AS TO PARCEL B
4. Title to the estate or interest covered herein is at the effective date hereof vested in:
THE TOWN OF VAIL, COLORADO, A COLORADO MUNICIPAL CORPORATION
5. The Land referred to in this Commitment is described as follows:
PARCEL A:
LOTS 1 AND 2, TIMBER RIDGE SUBDIVISION, COUNTY OF EAGLE, STATE OF COLORADO.
PARCEL B:
ALL RIGHTS, TITLE AND INTEREST TO AN EASEMENT IN THE FOLLOWING DESCRIBED PROPERTY:
THAT PROPERTY DESCRIBED IN AN ENCROACHMENT EASEMENT AGREEMENT FILED FOR RECORD JANUARY 30, 1980 IN BOOK 298 AT PAGE 22 <https://www.ltgc.com/images?imageid=pR401QSJTskGFEgOOafbQw> ,
MORE PARTICULARLY DESCRIBED AS FOLLOWS: A PART OF LOT 6, RESUBDIVISION OF BLOCK C LION'S RIDGE SUBDIVISION, COUNTY OF EAGLE, STATE OF COLORADO, A SUBDIVISION RECORDED IN THE OFFICE OF
THE EAGLE COUNTY, COLORADO CLERK AND RECORDER,
SAID PART BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT ON THE WESTERLY LINE OF SAID LOT 6 WHENCE THE SOUTHWEST CORNER OF SAID LOT 6 BEARS S 37° 09' 31" E 40.54 FEET;
THENCE N 37° 09' 31" W ON SAID WESTERLY LINE 103.01 FEET;
THENCE DEPARTING SAID WESTERLY LINE N 41° 23' 21" E 7.25 FEET;
THENCE S 48° 36' 39" E 53.16 FEET;
THENCE S 41° 23' 21" W 4.90 FEET;
THENCE S 48° 36' 39" E 47.80 FEET;
THENCE S 41° 23' 21" W 22.80 FEET TO THE POINT OF BEGINNING.
Plat Map(s):
APN(s):
Requirements <http://www.ltgc.com/style/move_up.gif> (back to top)
Item (a) Payment to or for the account of the grantors or mortgagors of the full consideration for the estate or interest to be insured.
Item (b) Proper instrument(s) creating the estate or interest to be insured must be executed and duly filed for record, to-wit:
Item (c) Payment of all taxes, charges or assessments levied and assessed against the subject premises which are due and payable.
Item (d) Additional requirements, if any disclosed below:
1.
CERTIFIED COPY OF RESOLUTION OF THE TOWN OF VAIL AUTHORIZING THE SALE OF THE SUBJECT PROPERTY AND THE EXECUTION OF NECESSARY DOCUMENTS.
2.
PROVIDE LAND TITLE GUARANTEE COMPANY WITH A CURRENT ALTA LAND SURVEY OF SUBJECT PROPERTY. UPON REVIEW, ADDITIONAL REQUIREMENTS AND/OR EXCEPTIONS MAY BE NECESSARY.
LAND TITLE IS NOT RESPONSIBLE FOR ORDERING SAID ALTA LAND SURVEY.
SAID SURVEY MUST BE CERTIFIED TO LAND TITLE GUARANTEE COMPANY AND OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY.
3.
A CURRENT ZONING LETTER FOR SAID LAND ISSUED BY THE APPROPRIATE GOVERNMENT AGENCY SETTING FORTH THE ZONING CLASSIFICATION, ALLOWED USES, PARKING REQUIREMENTS AND ANY KNOWN VIOLATIONS.
NOTE: ADDITIONAL REQUIREMENTS AND/OR EXCEPTIONS MAY BE MADE UPON THE REVIEW OF SAID LETTER.
NOTE: REQUIRED FOR ISSUANCE OF ALTA 3 ENDORSEMENT.
4.
EVIDENCE SATISFACTORY TO THE COMPANY THAT PROJECT DEVELOPMENT PLANS HAVE BEEN APPROVED BY THE TOWN OF VAIL.
NOTE: REQUIRED FOR ISSUANCE OF ALTA 9.7 ENDORSEMENT.
5.
WARRANTY DEED FROM THE TOWN OF VAIL, COLORADO, A COLORADO MUNICIPAL CORPORATION TO GORMAN & COMPANY, INC., A WISCONSIN CORPORATION CONVEYING SUBJECT PROPERTY.
6.
DEED OF TRUST FROM GORMAN & COMPANY, INC., A WISCONSIN CORPORATION TO THE PUBLIC TRUSTEE OF EAGLE COUNTY FOR THE USE OF TCF BANK TO SECURE THE SUM OF $20,900,000.00.
NOTE: ITEMS 1-3 OF THE STANDARD EXCEPTIONS WILL BE DELETED UPON RECEIPT OF AN APPROVED SURVEY. MATTERS DISCLOSED BY SAID SURVEY MAY BE ADDED TO SCHEDULE B-2 HEREOF.
NOTE: ITEM 5 OF THE STANDARD EXCEPTIONS WILL BE DELETED IF LAND TITLE GUARANTEE COMPANY CONDUCTS THE CLOSING OF THE CONTEMPLATED TRANSACTION(S) AND RECORDS THE DOCUMENTS IN CONNECTION
THEREWITH.
NOTE: UPON PROOF OF PAYMENT OF 2013 TAXES, ITEM 6 UNDER SCHEDULE B-2 WILL BE AMENDED TO READ:
TAXES AND ASSESSMENTS FOR THE YEAR 2014, AND SUBSEQUENT YEARS, NOT YET DUE OR PAYABLE.
Exceptions <http://www.ltgc.com/style/move_up.gif> (back to top)
1.
Any facts, rights, interests, or claims thereof, not shown by the Public Records but that could be ascertained by an inspection of the Land or that may be asserted by persons in possession
of the Land.
2.
Easements, liens or encumbrances, or claims thereof, not shown by the Public Records.
3.
Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and not
shown by the Public Records.
4.
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.
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 of the proposed insured acquires of record for value the estate or interest or mortgage thereon covered by this Commitment.
6.
Any and all unpaid taxes, assessments and unredeemed tax sales.
7.
(a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water.
8.
EXISTING LEASES AND TENANCIES, IF ANY.
9.
RIGHT OF PROPRIETOR OF A VEIN OR LODE TO EXTRACT AND REMOVE HIS ORE THEREFROM SHOULD THE SAME BE FOUND TO PENETRATE OR INTERSECT THE PREMISES AS RESERVED IN UNITED STATES PATENT RECORDED
AUGUST 16, 1909, IN BOOK 48 AT PAGE 542 <https://www.ltgc.com/images?imageid=3HqcoHUS6Cge3au0Z7qoVg> AND IN UNITED STATES PATENT RECORDED DECEMBER 29, 1920, IN BOOK 93 AT PAGE 42 <https://www.ltgc.c
om/images?imageid=Qi7ZR-RY_2HOtcIqgtStEw> .
10.
RIGHT OF WAY FOR DITCHES OR CANALS CONSTRUCTED BY THE AUTHORITY OF THE UNITED STATES AS RESERVED IN UNITED STATES PATENT RECORDED AUGUST 16, 1909, IN BOOK 48, AT PAGE 542 <https://www.ltgc.com/image
s?imageid=3HqcoHUS6Cge3au0Z7qoVg> AND RECORDED DECEMBER 29, 1920, IN BOOK 93 AT PAGE 42 <https://www.ltgc.com/images?imageid=Qi7ZR-RY_2HOtcIqgtStEw> .
11.
RESTRICTIVE COVENANTS, WHICH DO NOT CONTAIN A FORFEITURE OR REVERTER CLAUSE, BUT OMITTING RESTRICTIONS, IF ANY, BASED ON RACE, COLOR, RELIGION, OR NATIONAL ORIGIN, AS CONTAINED IN INSTRUMENT
RECORDED JULY 25, 1969, IN BOOK 215 AT PAGE 649 <https://www.ltgc.com/images?imageid=Qo94YT0NVsRTScazMj_Knw> AND AS AMENDED IN INSTRUMENT RECORDED DECEMBER 02, 1970, IN BOOK 219 AT
PAGE 235 <https://www.ltgc.com/images?imageid=8Cg_0J9jaVaR8LCeNlWEHg> AND AS AMENDED IN INSTRUMENT RECORDED JUNE 08, 1973, IN BOOK 229 AT PAGE 457 <https://www.ltgc.com/images?imageid=fvTZR45dA3l_tX
nICiBR-w> .
NOTE: AMENDED RULE AND ORDER DECREEING THE SUBJECT PROPERTY FREE OF COVENANTS EXISTING PRIOR TO JULY 21, 2003 WAS RECORDED DECEMBER 7, 2011 UNDER RECEPTION NO. 201122786 <https://www.ltgc.com/images
?imageid=psBB-GFvv_1CQFeTIC7Bkt-7ymybnXQCFoUnhvtQthQ> .
12.
EASEMENTS, RESERVATIONS, AND RESTRICTIONS AS SHOWN OR RESERVED ON THE PLAT OF A RESUBDIVISION OF LION'S RIDGE SUBDIVISION BLOCK C RECORDED JUNE 8, 1973 UNDER RECEPTION NO. 125309 <https://www.ltgc.c
om/images?imageid=axIY4YLeYvmTdc5rkaNgYQ> , EXCEPT THOSE EASEMENTS VACATED BY THE PLAT OF TIMBER RIDGE SUBDIVISION RECORDED FEBRUARY 21, 2014 UNDER RECEPTION NO. 201402611 <https://www.ltgc.com/image
s?imageid=7mWxLKjqVa_DrD663g0TgjG4Rh5AMe85J_CfWj9qil8> .
NOTE: QUITCLAIM DEED RELINQUISHING THE INTEREST OF THE MOUNTAIN STATES TELEPHONE AND TELEGRAPH COMPANY IN CERTAIN SIDE LOT EASEMENTS RECORDED DECEMBER 22, 1988 IN BOOK 497 AT PAGE 279
<https://www.ltgc.com/images?imageid=H-HQNo-ZOfw6l9q2KdIjPg> .
13.
TERMS, CONDITIONS, PROVISIONS, BURDENS, OBLIGATIONS AND EASEMENTS AS SET FORTH AND GRANTED IN EASEMENT AGREEMENT RECORDED JULY 19, 1972 IN BOOK 224 AT PAGE 824 <https://www.ltgc.com/images?imageid=G
HXo2H_lnuK7zb3V6FoMmw> .
14.
TERMS, CONDITIONS, PROVISIONS, BURDENS, OBLIGATIONS AND EASEMENTS AS SET FORTH AND GRANTED IN UNDERGROUND RIGHT OF WAY EASEMENT TO HOLY CROSS ELECTRIC ASSOCIATION, INC. RECORDED SEPTEMBER
12, 1979 IN BOOK 290 AT PAGE 952 <https://www.ltgc.com/images?imageid=Inanucw3xO2MDJ_PbznQmQ> .
15.
TERMS, CONDITIONS, PROVISIONS, BURDENS AND OBLIGATIONS AS SET FORTH IN ENCROACHMENT EASEMENT AGREEMENT RECORDED JANUARY 30, 1980 IN BOOK 298 AT PAGE 22 <https://www.ltgc.com/images?imageid=pR401QSJT
skGFEgOOafbQw> .
16.
TERMS, CONDITIONS, PROVISIONS, BURDENS, OBLIGATIONS AND EASEMENTS AS SET FORTH AND GRANTED IN UNDERGROUND RIGHT OF WAY EASEMENT TO HOLY CROSS ELECTRIC ASSOCIATION, INC. RECORDED OCTOBER
15, 1980 IN BOOK 311 AT PAGE 210 <https://www.ltgc.com/images?imageid=QHwc8g9mEAX5EQ8_MGN2Kg> .
17.
TERMS, CONDITIONS, PROVISIONS, BURDENS, OBLIGATIONS AND EASEMENTS AS SET FORTH AND GRANTED IN AGREEMENT FOR BUS SHELTER RECORDED MAY 15, 2002 AT RECEPTION NO. 795694 <https://www.ltgc.com/images?ima
geid=L6LKM8_0vf8WrSjsybZ5Yw> .
18.
TERMS, CONDITIONS, PROVISIONS, BURDENS AND OBLIGATIONS AS SET FORTH IN MASTER DEED RESTRICTION RECORDED JULY 17, 2003 AT RECEPTION NO. 840811 <https://www.ltgc.com/images?imageid=qQpO5RwFay5ZFmEFYeM
FWg> .
19.
TERMS, CONDITIONS, PROVISIONS, BURDENS AND OBLIGATIONS AS SET FORTH IN TIMBER RIDGE AFFORDABLE HOUSING PROJECT - PROJECT AGREEMENT RECORDED SEPTEMBER 04, 2003 AT RECEPTION NO. 846636
<https://www.ltgc.com/images?imageid=2q-sHAPahDvX1_rcF6efXw> .
20.
LEASE BETWEEN TIMBER RIDGE AFFORDABLE HOUSING CORPORATION, LESSOR, AND AUTOMATIC LAUNDRY COMPANY, LTD., LESSEE, AS MEMORIALIZED BY ABSTRACT OF LEASE RECORDED NOVEMBER 21, 2003, UNDER
RECEPTION NO. 858980 <https://www.ltgc.com/images?imageid=7yaKv7pvEQ3ycphSWDgFIg> .
21.
EASEMENTS, CONDITIONS, COVENANTS, RESTRICTIONS, RESERVATIONS AND NOTES ON THE PLAT OF TIMBER RIDGE SUBDIVISION RECORDED FEBRUARY 21, 2014 UNDER RECEPTION NO. 201402611 <https://www.ltgc.com/images?i
mageid=7mWxLKjqVa_DrD663g0TgjG4Rh5AMe85J_CfWj9qil8> .
22.
TERMS, CONDITIONS, PROVISIONS, BURDENS AND OBLIGATIONS AS SET FORTH IN TRENCH, CONDUIT, AND VAULT AGREEMENT RECORDED JUNE 06, 2014 UNDER RECEPTION NO. 201409352 <https://www.ltgc.com/images?imageid=
Z41UXvss4numLidGZBLUX3uXfXRcRL79PqNGdJ00AFs> .
23.
RIGHT OF WAY EASEMENT AS GRANTED TO HOLY CROSS ENERGY, A COLORADO CORPORATION IN INSTRUMENT RECORDED JUNE 06, 2014 UNDER RECEPTION NO. 201409353 <https://www.ltgc.com/images?imageid=Z41UXvss4numLidG
ZBLUX10rm7x377sZqjSRfCQt6hg> .
Disclosure Statements <http://www.ltgc.com/style/move_up.gif> (back to top)
LAND TITLE GUARANTEE COMPANY and LAND TITLE GUARANTEE COMPANY
GRAND JUNCTION DISCLOSURE STATEMENTS
Note: Pursuant to CRS 10-11-122, notice is hereby given that:
1. The subject real property may be located in a special taxing district.
2. A Certificate of Taxes Due listing each taxing jurisdiction may be obtained from the County Treasurer's authorized agent.
3. The information regarding special districts and the boundaries of such districts may be obtained from the Board of County Commissioners, the County Clerk and Recorder, or the County
Assessor.
Note: Effective September 1, 1997, CRS 30-10-406 requires that all documents received for recording or filing in the clerk and recorder's office shall contain a top margin of at least
one inch and a left, right and bottom margin of at least one half of an inch. The clerk and recorder may refuse to record or file any document that does not conform, except that, the
requirement for the top margin shall not apply to documents using forms on which space is provided for recording or filing information at the top margin of the document.
Note: Colorado Division of Insurance Regulations 3-5-1, Paragraph C of Article VII requires that "Every title entity shall be responsible for all matters which appear of record prior
to the time of recording whenever the title entity conducts the closing and is responsible for recording or filing of legal documents resulting from the transaction which was closed".
Provided that Land Title Guarantee Company conducts the closing of the insured transaction and is responsible for recording the legal documents from the transaction, exception number
5 will not appear on the Owner's Title Policy and the Lenders Policy when issued.
Note: Affirmative mechanic's lien protection for the Owner may be available (typically by deletion of Exception no. 4 of Schedule B, Section 2 of the Commitment from the Owner's Policy
to be issued) upon compliance with the following conditions:
1. The land described in Schedule A of this commitment must be a single family residence which includes a condominium or townhouse unit.
2. No labor or materials have been furnished by mechanics or material-men for purposes of construction on the land described in Schedule A of this Commitment within the past 6 months.
3. The Company must receive an appropriate affidavit indemnifying the Company against un-filed mechanic's and material-men's liens.
4. The Company must receive payment of the appropriate premium.
5. If there has been construction, improvements or major repairs undertaken on the property to be purchased within six months prior to the Date of the Commitment, the requirements to
obtain coverage for unrecorded liens will include: disclosure of certain construction information; financial information as to the seller, the builder and or the contractor; payment
of the appropriate premium fully executed Indemnity Agreements satisfactory to the company, and, any additional requirements as may be necessary after an examination of the aforesaid
information by the Company.
No coverage will be given under any circumstances for labor or material for which the insured has contracted for or agreed to pay.
Note: Pursuant to CRS 10-11-123, notice is hereby given:
This notice applies to owner's policy commitments containing a mineral severance instrument exception, or exceptions, in Schedule B, Section 2.
1. That there is recorded evidence that a mineral estate has been severed, leased, or otherwise conveyed from the surface estate and that there is a substantial likelihood that a third
party holds some or all interest in oil, gas, other minerals, or geothermal energy in the property; and
2. That such mineral estate may include the right to enter and use the property without the surface owner's permission.
NOTE: Pursuant to CRS 10-1-128(6)(a), It is unlawful to knowingly provide false, incomplete, or misleading facts or information to an insurance company for the purpose of defrauding
or attempting to defraud the company. Penalties may include imprisonment, fines, denial of insurance and civil damages. Any insurance company or agent of an insurance company who knowingly
provides false, incomplete, or misleading facts or information to a policyholder or claimant for the purpose of defrauding or attempting to defraud the policyholder or claimant with
regard to a settlement or award payable from insurance proceeds shall be reported to the Colorado division of insurance within the department of regulatory agencies.
Nothing herein contained will be deemed to obligate the company to provide any of the coverages referred to herein unless the above conditions are fully satisfied.
Open the attached pdf version of the commitment to view our PRIVACY POLICY.
The above links and associated images are provided for information purposes only. They are not guaranteed as to accuracy, availability or quality.
These images are provided for informational purposes only. They are not guaranteed as to availability or quality.
These documents are PDF (Portable Document Format) files and can be viewed or printed with Adobe Acrobat ReaderTM. If you do not have Adobe Acrobat ReaderTM on your system, you can download
it for free from Adobe <http://www.adobe.com/products/acrobat/readstep.html> .
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If you want to print on LEGAL paper, select legal-size paper from within the "Print Setup" dialog box from within the Acrobat Reader.
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Content in this email is Copyright LT Systems, L.L.C. All rights reserved.
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George Ruther
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