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Home My WebLink AboutDRB140182_DRB140182 Title Report_1401202560.pdf First American Title Insurance Company ALTA COMMITMENT Our Order No. V50037246 Schedule A Cust. Ref.: Property Address: 146 FOREST ROAD AKA LOT 6 BLK 7 VAIL VILLAGE FLG 1 VAIL, CO 81657 1. Effective Date: September 24, 2013 at 5:00 P.M. 2. Policy to be Issued, and Proposed Insured: "TBD" Commitment $0.00 Proposed Insured: A BUYER TO BE DETERMINED 3. The estate or interest in the land described or referred to in this Commitment and covered herein is: Fee Simple as to Parcel 1 and an Easement as to Parcel 2 4. Title to the estate or interest covered herein is at the effective date hereof vested in: HUBBARD FAMILY INVESTORS, LLC, AN INDIANA LIMITED LIABILITY COMPANY 5. The Land referred to in this Commitment is described as follows: SEE ATTACHED PAGE(S) FOR LEGAL DESCRIPTION Copyright 2006-2013 American Land Title Association.All rights reserved. AMERICAN The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. LAND rIrEE AssoCIAnox All other uses are prohibited.Reprinted under license from the American Land Title Association. ti Our Order No: V50037246 LEGAL DESCRIPTION PARCEL 1 LOT 6, BLOCK 7, VAIL VILLAGE, FIRST FILING, ACCORDING TO THE RECORDED PLAT THEREOF, COUNTY OF EAGLE, STATE OF COLORADO. PARCEL 2 THOSE EASEMENT RIGHTS CREATED BY INSTRUMENT RECORDED JANUARY 7, 1992 IN BOOK 570 AT PAGE 202. ALTA COMMITMENT Schedule B-Section 1 (Requirements) Our Order No. V50037246 The following are the requirements to be complied with: 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. EVIDENCE SATISFACTORY TO THE COMPANY THAT THE TERMS, CONDITIONS AND PROVISIONS OF THE TOWN OF VAIL TRANSFER TAX HAVE BEEN SATISFIED. 2. FURNISH TO LAND TITLE GUARANTEE COMPANY THE RELEVANT PAGES OF THE FULLY EXECUTED OPERATING AGREEMENT FOR HUBBARD FAMILY INVESTORS, LLC, AN INDIANA LIMITED LIABILITY COMPANY THAT DISCLOSE WHO MAY CONVEY, ACQUIRE, ENCUMBER, LEASE OR OTHERWISE DEAL WITH INTERESTS IN REAL PROPERTY ON BEHALF OF SAID ENTITY. NOTE: ADDITIONAL REQUIREMENTS MAY BE NECESSARY UPON REVIEW OF THIS DOCUMENTATION. 3. DULY EXECUTED AND ACKNOWLEDGED STATEMENT OF AUTHORITY SETTING FORTH THE NAME OF HUBBARD FAMILY INVESTORS, LLC, AN INDIANA LIMITED LIABILITY COMPANY AS A LIMITED LIABILITY COMPANY. THE STATEMENT OF AUTHORITY MUST STATE UNDER WHICH LAWS THE ENTITY WAS CREATED,THE MAILING ADDRESS OF THE ENTITY, AND THE NAME AND POSITION OF THE PERSON(S) AUTHORIZED TO EXECUTE INSTRUMENTS CONVEYING, ENCUMBERING, OR OTHERWISE AFFECTING TITLE TO REAL PROPERTY ON BEHALF OF THE ENTITY AND OTHERWISE COMPLYING WITH THE PROVISIONS OF SECTION 38-30-172, CRS. NOTE: THE STATEMENT OF AUTHORITY MUST BE RECORDED WITH THE CLERK AND RECORDER. 4. RELEASE OF DEED OF TRUST DATED NOVEMBER 29, 2004 FROM KATHRYN F. HUBBARD REVOCABLE TRUST DATED DECEMBER 4, 2003 TO THE PUBLIC TRUSTEE OF EAGLE COUNTY FOR THE USE OF TO SECURE THE SUM OF$7,400,000.00 RECORDED DECEMBER 10, 2004, UNDER RECEPTION NO.900108. ALTA COMMITMENT Schedule B-Section 1 (Requirements) Our Order No. V50037246 Continued: 5. WARRANTY DEED FROM HUBBARD FAMILY INVESTORS, LLC,AN INDIANA LIMITED LIABILITY COMPANY TO A BUYER TO BE DETERMINED CONVEYING SUBJECT PROPERTY. NOTE: ADDITIONAL REQUIREMENTS OR EXCEPTIONS MAY BE NECESSARY WHEN THE BUYERS NAMES ARE ADDED TO THIS COMMITMENT. COVERAGES AND/OR CHARGES REFLECTED HEREIN, IF ANY, ARE SUBJECT TO CHANGE UPON RECEIPT OF THE CONTRACT TO BUY AND SELL REAL ESTATE AND ANY AMENDMENTS THERETO. ALTA COMMITMENT Schedule B -Section 2 (Exceptions) Our Order No. V50037246 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 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 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, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 8. 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 SEPTEMBER 04, 1923, IN BOOK 93 AT PAGE 98. 9. RIGHT OF WAY FOR DITCHES OR CANALS CONSTRUCTED BY THE AUTHORITY OF THE UNITED STATES AS RESERVED IN UNITED STATES PATENT RECORDED SEPTEMBER 04, 1923, IN BOOK 93 AT PAGE 98. 10. RESTRICTIVE COVENANTS WHICH DO NOT CONTAIN A FORFEITURE OR REVERTER CLAUSE, BUT OMITTING ANY COVENANTS OR RESTRICTIONS, IF ANY, BASED UPON RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, FAMILIAL STATUS, MARITAL STATUS, DISABILITY, HANDICAP, NATIONAL ORIGIN, ANCESTRY, OR SOURCE OF INCOME, AS SET FORTH IN APPLICABLE STATE OR FEDERAL LAWS, EXCEPT TO THE EXTENT THAT SAID COVENANT OR RESTRICTION IS PERMITTED BY APPLICABLE LAW AS CONTAINED IN INSTRUMENT RECORDED AUGUST 10, 1962, IN BOOK 174 AT PAGE 179. 11. EASEMENTS, CONDITIONS, COVENANTS, RESTRICTIONS, RESERVATIONS AND NOTES ON THE PLAT OF VAIL VILLAGE FIRST FILING RECORDED AUGUST 6, 1962 UNDER RECEPTION NO. 96382. ALTA COMMITMENT Schedule B -Section 2 (Exceptions) Our Order No. V50037246 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 12. TERMS, CONDITIONS AND PROVISIONS OF ENCROACHMENT AGREEMENT RECORDED SEPTEMBER 26, 1990 IN BOOK 538 AT PAGE 714. 13. TERMS, CONDITIONS AND PROVISIONS OF ENCROACHMENT AGREEMENT RECORDED SEPTEMBER 26, 1990 IN BOOK 538 AT PAGE 715. 14. TERMS, CONDITIONS, PROVISIONS, BURDENS AND OBLIGATIONS AS SET FORTH IN CONVEYANCE OF EASEMENT RECORDED JANUARY 07, 1992 IN BOOK 570 AT PAGE 202. • IIkdAar.r c ( rje/ 1p'rv�e $xpl.t4s%oy • if 6 iofesi N . • /toy • olv1l1t • SITE USAGE EXHIBIT LOT 6, BLOCK 7, VAIL VILLAGE FIRST FILING EAGLE COUNTY, COLORADO BUILDING FOOTPRINT LANDSCAPE AREA COVERAGE COVERAGE 2880 SQ. FT. BUILDING LANDSCAPED AREA 90 SQ. FT. ADDITION* (SOFTSCAPE) 110 SQ. FT. OVERHANG* 7824 SQ. FT.* 6 SQ. FT. OVERHANG 301 SQ. FT. 175 SQ. FT. OVERHANG 8125 SQ. FT. TOTAL* 122 SQ. FT. OVERHANG 3383 SQ. FT. TOTAL* 3383 SQ. FT. TOTAL BUILDING FOOTPRINT* / 15730 SQ. FT. LOT AREA = 21.5% COVERAGE* 2776 SQ. FT. DRIVEWAY AREA* / 15730 SQ. FT. LOT AREA = 18% COVERAGE* * INDICATES VALUE DETERMINED USING AREAS OF PROPOSED IMPROVEMENTS (SHADED) BLOCK WALLS i //// 4, 1F�Sp •, _________ +`PAVER _� � DRNE-� 2776 SQ. FT.' � BUILDING �' 11 SQ. FT.' OVERHANG STEPS t} - /[FYPICAL / O/ __ J/ '301 SQ. F7. 0. AZI I SQ. Ff. 0 // I � N // , 1 DON LOT 6 N /// �� 90 SQ. FT.• 15.361 SQ.FT. BUILDING OUTLINE D�j k) Z /// - ► 2875 SQ. FT. / / BLOCK O /;;///1,1 j////1/1 PAT70 AIyS 122 SQ. FT. ///// ////// 1 _rir Allillir.. MECH. lil �/ /// ///j// j/782 �7./j///j/ PATIO / �l // //;2// //27 // 2// / /////// //////////////// ///////// / / (7 / / N 77'4 p'w/////////////////150/ / / / / / /, //// / INDICATES LANDSAPED AREA �j/, INDICATES AREA OF PROPOSED IMPROVEMENTS t 0,00mor 11*,..... STAN FIQf * t COLORAQO PLS,;26598 i 1014/5/21 1 DATE Air 0 /am moo immiii 41199 HIGHWAY 6&24.EAGLE-VAIL. �... P.O.BOX 1230 EDWARDS,CO. 81632 JOB NO. 1203.6 (970)949-1408