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HomeMy WebLinkAboutPEC160004_Title Report_1453242300.pdf ALTA COMMITMENT First American Title Insurance Company Schedule A Order Number: VC50042546 Customer Ref-Loan No.: Property Address: 302 HANSON RANCH/GORE CREEK DRIVE,VAIL, CO 81657 1. Effective Date: 11-09-2015 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: A FEE SIMPLE 4. Title to the estate or interest covered herein is at the effective date hereof vested in: THE INDIVIDUAL VESTED OWNERS OF EACH UNIT OF MILL CREEK COURT,ACCORDING TO THE CONDOMINIUM MAP THEREOF RECORDED DECEMBER 1, 1965 IN THE RECORDS OF THE CLERK AND RECORDER OF THE COUNTY OF EAGLE, STATE OF COLORADO UNDER RECEPTION NO. 102637,AND ANY AND ALL AMENDMENTS THERETO AND AS DEFINED IN THE CONDOMINIUM DECLARATION RECORDED NOVEMBER 19, 1965 IN BOOK 187 AT PAGE 413,AND ANY AND ALL AMENDMENTS THERETO, COUNTY OF EAGLE, STATE OF COLORADO. 5. The Land referred to in this Commitment is described as follows: ALL UNITS, MILL CREEK COURT,ACCORDING TO THE CONDOMINIUM MAP THEREOF FILED DECEMBER 1, 1965, UNDER RECEPTION NO. 102637 AND AS DEFINED IN THE CONDOMINIUM DECLARATION RECORDED NOVEMBER 19, 1965, IN BOOK 187 AT PAGE 413,AND AMENDMENT RECORDED DECEMBER 5, 2003 UNDER RECEPTION NO. 860892, COUNTY OF EAGLE, STATE OF COLORADO. Copyright 2006-2015 American Land Title Association. All Rights Reserved The use of this Fonn is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited.Reprinted under license from the American Land Title Association. ALTA COMMITMENT First American Title Insurance Company Schedule B Section 1 (Requirements) Order Number: VC50042546 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. WARRANTY DEED FROM THE INDIVIDUAL VESTED OWNERS OF EACH UNIT OF MILL CREEK COURT, ACCORDING TO THE CONDOMINIUM MAP THEREOF RECORDED DECEMBER 1, 1965 IN THE RECORDS OF THE CLERK AND RECORDER OF THE COUNTY OF EAGLE, STATE OF COLORADO UNDER RECEPTION NO. 102637,AND ANY AND ALL AMENDMENTS THERETO AND AS DEFINED IN THE CONDOMINIUM DECLARATION RECORDED NOVEMBER 19, 1965 IN BOOK 187 AT PAGE 413,AND ANY AND ALL AMENDMENTS THERETO, COUNTY OF EAGLE, STATE OF COLORADO.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. First American Title Insurance Company Schedule B Section 2 (Exceptions) Order Number: VC50042546 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 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 OFA 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 JULY 17, 1899, IN BOOK 48 AT PAGE 475. 10. RIGHT OF WAY FOR DITCHES OR CANALS CONSTRUCTED BY THE AUTHORITY OF THE UNITED STATES AS RESERVED IN UNITED STATES PATENT RECORDED JULY 17, 1899, IN BOOK 48 AT PAGE 475. 11. 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 AND AS AMENDED IN INSTRUMENT RECORDED NOVEMBER 15, 1965, IN BOOK 187 AT PAGE 353. 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 NOVEMBER 19, 1965, IN BOOK 187 AT PAGE 413 AND AMENDMENT RECORDED DECEMBER 5, 2003 RECEPTION NO. 860892. First American Title Insurance Company Schedule B Section 2 (Exceptions) Order Number: VC50042546 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: SAID DECLARATION CONTAINS A RIGHT OF FIRST REFUSAL PROVISION DESCRIBED IN ARTICLE 27 OF SAME. 13. EASEMENTS, ENCROACHMENTS, CONDITIONS, COVENANTS, RESTRICTIONS, RESERVATIONS AND NOTES ON THE CONDOMINIUM MAP OF MILL CREEK COURT RECORDED DECEMBER 1, 1965 RECEPTION NO. 102637. 14. ANY AND ALL DEEDS OF TRUST, MORTGAGES, LIENS, JUDGMENTS AND/OR ANY OTHER OUTSTANDING OBLIGATIONS ASSOCIATED WITH THE INDIVIDUAL UNIT OWNERSHIP INTERESTS.