HomeMy WebLinkAboutDRB150032_DRB150032 Title Report_1423245300.pdf1
Beth Levine
From:eaglecountyrequests@ltgc.com
Sent:Friday, January 30, 2015 9:31 AM
To:beth@bethlevinearchitect.com
Subject:Commitment (1116 SANDSTONE DRIVE # 101)(buyer/owner A BUYER TO BE
DETERMINED)(our 50040295)
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Associated Documents
Commitment
Invoice
All documents as one PDF
Navigating and Understanding your Title Commitment Summary
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Commitment Summary - 1116 SANDSTONE DRIVE # 101 (50040295)
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Table of Contents
LTGC Contacts
Delivery Parties
Order Information
Vesting (24 month Chain of Title)
Wire Instructions
Title Fees
Schedule A
Requirements
Exceptions
Disclosure
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For Title Assistance
VAIL TITLE DEPT.
2
610 WEST LIONSHEAD CIRCLE #200
VAIL, CO 81657
970-477-4522 (phone)
970-476-4534 (fax)
eaglecountyrequests@ltgc.com
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BETH LEVINE
PO BOX 1825
AVON, CO 81620
970-926-4993 (work)
beth@bethlevinearchitect.com
Delivered via: Electronic Mail
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Order Number:
50040295
Property Address:
1116 SANDSTONE DRIVE # 101, VAIL, CO 81657
Buyer/Borrower:
A BUYER TO BE DETERMINED
Seller:
WILLIAM J. TENNISON, IV AND CYNTHIA L. TENENBAUM TENNISON
Vesting Deed(s) / (24 month Chain of Title):
Eagle county recorded 12/24/2014 under reception no. 22070
Eagle county recorded 6/15/2012 under reception no. 12400
Eagle county recorded 10/4/2005 under reception no. 931804
Eagle county recorded 4/13/2000 under reception no. 727168
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Bank:
Address:
Phone:
Credit:
ABA No:
Account:
FIRSTBANK OF COLORADO
10403 W COLFAX AVENUE
LAKEWOOD, CO 80215
303-237-5000
LAND TITLE GUARANTEE COMPANY
107005047
2160521825
Estimate of Title Fees Right-click here to download pictures. To help protect your privacy, Outlook prevented automatic download of this picture from the Internet.(back to top)
TBD Commitment $100.00
$100.00
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Schedule A Right-click here to download pictures. To help protect your privacy, Outlook prevented automatic download of this picture from the Internet.(back to top)
Property Address:
1116 SANDSTONE DRIVE # 101, VAIL, CO 81657
1. Effective Date:
01-27-2015 at 05:00PM
2. Policy to be Issued and Proposed Insured:
"TBD" Commitment
Proposed Insured:
A BUYER TO BE DETERMINED
$0.00
3. The estate or interest in the land described or referred to in this
Commitment and covered herein is:
A FEE SIMPLE
4. Title to the estate or interest covered herein is at the effective date
hereof vested in:
WILLIAM J. TENNISON, IV AND CYNTHIA L. TENENBAUM TENNISON
5. The Land referred to in this Commitment is described as follows:
CONDOMINIUM UNIT 101, LION'S MANE CONDOMINIUM UNITS, ACCORDING TO THE
CONDOMINIUM MAP RECORDED FEBRUARY 10, 1971 IN BOOK 219 AT PAGE 735 AND AS
DEFINED IN CONDOMINIUM DECLARATION RECORDED JANUARY 8, 1971 IN BOOK 219 AT
PAGE 466, COUNTY OF EAGLE, STATE OF COLORADO.
Plat Map(s):
Eagle county recorded 1/8/1971 under reception no. 115368 map id L/9
APN(s):
210301410001
Requirements Right-click here to download pictures. To help protect your privacy, Outlook prevented automatic download of this picture from the Internet.(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. EVIDENCE SATISFACTORY TO THE COMPANY THAT THE TERMS,
CONDITIONS AND PROVISIONS OF THE TOWN OF VAIL TRANSFER
TAX HAVE BEEN SATISFIED.
2. THE COMPANY WILL REQUIRE A CERTIFICATION SIGNED BY A
PROPER REPRESENTATIVE OF BOARD OF DIRECTORS STATING THAT
THERE HAS BEEN FULL COMPLIANCE WITH THE FIRST REFUSAL
PROVISIONS OF THE CONDOMINIUM DECLARATIONS AS
REFERENCED IN ITEM NO. 12 OF SCHEDULE B.
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3. A FULL COPY OF THE FULLY EXECUTED TRUST AGREEMENT AND
ANY AND ALL AMENDMENTS THERETO FOR THE WILLIAM J.
TENNISON, IV REVOCABLE TRUST DATED APRIL 17, 2012 MUST BE
FURNISHED TO LAND TITLE GUARANTEE COMPANY. SAID
AGREEMENT MUST DISCLOSE WHO MAY CONVEY, ACQUIRE,
ENCUMBER, LEASE OR OTHERWISE DEAL WITH INTERESTS IN REAL
PROPERTY FOR SAID ENTITY.
NOTE: ADDITIONAL REQUIREMENTS MAY BE NECESSARY UPON
REVIEW OF THIS DOCUMENTATION.
4. DULY EXECUTED AND ACKNOWLEDGED STATEMENT OF
AUTHORITY SETTING FORTH THE NAME OF THE WILLIAM J.
TENNISON, IV REVOCABLE TRUST DATED APRIL 17, 2012 AS A TRUST.
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.
5. CORRECTION DEED FROM WILLIAM J. TENNISON, IV, AS TRUSTEE OF
THE WILLIAM J. TENNISON, IV REVOCABLE TRUST DATED APRIL 17,
2012 TO WILLIAM J. TENNISON, IV AND CYNTHIA L. TENENBAUM
TENNISON CONVEYING THE SUBJECT PROPERTY.
NOTE: THIS REQUIREMENT IS NECESSARY TO CORRECT LEGAL
DESCRIPTION AND NOTARY ACKNOWLEDGEMENT AS CONTAINED IN
TRUTEES DEED RECORDED DECEMBER 24, 2014 UNDER RECEPTION
NO. 201422070.
6. WARRANTY DEED FROM WILLIAM J. TENNISON, IV AND CYNTHIA L.
TENENBAUM TENNISON 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.
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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
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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. 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 DECEMBER 29, 1920, IN BOOK 93 AT
PAGE 42.
9. RIGHT OF WAY FOR DITCHES OR CANALS CONSTRUCTED BY THE
AUTHORITY OF THE UNITED STATES AS RESERVED IN UNITED
STATES PATENT RECORDED DECEMBER 29, 1920, IN BOOK 93 AT
PAGE 42.
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 JULY 25, 1969, IN BOOK 215 AT PAGE 649
AND AS AMENDED IN INSTRUMENT RECORDED DECEMBER 02, 1970,
IN BOOK 219 AT PAGE 235.
11. EASEMENTS, CONDITIONS, COVENANTS, RESTRICTIONS,
RESERVATIONS AND NOTES ON THE PLAT FOR LION'S RIDGE
SUBDIVISION RECORDED OCTOBER 28, 1970 UNDER RECEPTION NO.
114591.
12. THOSE PROVISIONS, COVENANTS AND CONDITIONS, EASEMENTS
AND RESTRICTIONS, WHICH ARE A BURDEN TO THE CONDOMINIUM
UNIT DESCRIBED IN SCHEDULE A, 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 JANUARY 08, 1971, IN BOOK 219 AT
PAGE 466.
SAID DECLARATION CONTAINS A RIGHT OF FIRST REFUSAL
PROVISION.
13. EASEMENTS, CONDITIONS, COVENANTS, RESTRICTIONS,
RESERVATIONS AND NOTES ON THE CONDOMINIUM MAP OF LIONS
MANE CONDOMINIUMS RECORDED FEBRUARY 10, 1971 IN BOOK 219
AT PAGE 735.
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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 will be
obtained from the county treasurer of the county in which the real
property is located or that county treasurer's authorized agent unless the proposed insured provides written instructions to the contrary.
(for an Owner's Policy of Title Insurance pertaining to a sale of
residential real property) 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.
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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.
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