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Home My WebLink AboutPEC16-0018 Title Report.pdf 04/15/2016 8:49 AM Commitment No.: 454-110465450-610-ETO co CommonwealthTM LAND TITLE INSURANCE COMPANY • COMMITMENT FOR TITLE INSURANCE Issued by Heritage Title Company, Inc. AS AGENT FOR • Commonwealth Land Title Insurance Company • -Commonwealth Land Title Insurance Company, a Nebraska corporation ("Company"),for a valuable consideration, 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 in the land described or referred to in Schedule A, upon payment of the premiums and charges and compliance with the Requirements; all subject to the provisions of Schedule A and B and to the Conditions of this Commitment. • The 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 by the Company. All liability and obligation under this Commitment shall cease and terminate 6 months after the Effective Date or when the policy or policies committed for shall issue,whichever first occurs, provided that the failure to issue the policy or policies is not fault of the Company. The Company will provide a sample of the policy form upon request. IN WITNESS WHEREOF,Commonwealth Land Title Insurance Company has caused its corporate name and seal to be affixed by its duly authorized officers on the date shown in Schedule A. i".4•••••••.&&N., ( 4j Attest: /� 1�— SEAL s+I ey; 11I A lr Secretaryt�o�•., .aj ° feaiisw�„ President • Copyright American Land Title Association.All rights reserved. The use of this Form is restricted to ALTA licensees andAF,E� R ALTA members in good standing as of the date of use.All other uses are prohibited.Reprinted under license from the AmericanN T;T E • ASSOCIATION Land Title Association. • • 04/15/2016 8:49 AM Commitment No.: 454-H0465450-610-ETO Attached Legal Description Lot C,Block 2,Vail Village First Filing,according to the plat recorded August 6, 1962 at Reception No.96382, County of Eagle, State of Colorado. • • • • • Copyright American Land Title Association.All rights reserved. The use of this Form is restricted to ALTA licensees and AME- . ALTA members in good standing as of the date of use.All other uses are prohibited.Reprinted under license from the American, %%aft! ASSOCIATION Land Title Association. 04/15/2016 8:49 AM Commitment No.: 454-H0465450-610-ETO SCHEDULE B—Section 1 Requirements The following requirements must be met: a. Pay the agreed amounts for the interest in the land and/or for the mortgage to be insured. b. Pay us the premiums, fees and charges for the policy. c. Obtain a certificate of taxes due from the county treasurer or the county treasurer's authorized agent. , d. Evidence that any and all assessments for common expenses, if any,have been paid. e. The Company will require that an Affidavit and Indemnity Agreement be completed by the party(s) named below before the issuance of any policy of title insurance. Party(s): Remonov&Company,Inc.,a Colorado corporation The Company reserves the right to add additional items or make further requirements after review of the requested Affidavit. f. Deed sufficient to convey the fee simple estate or interest in the Land described or referred to herein, to the Proposed Insured Purchaser. g. Furnish for recordation a full release of deed of trust: Amount: $6,817,001.29 Trustor/Grantor: Remonov&Co., Inc., a Colorado corporation Trustee: Public Trustee of Eagle County Beneficiary: Robert E. Hernreich 2005 Trust Recording Date: September 13,2011 Recording No: Reception No. 201116871 An agreement to modify the terms and provisions of said deed of trust as therein provided Recording Date: July 28,2015 Recording No: Reception No. 201514034 The Company reserves the right to add additional exceptions and/or make further requirements once the identity of the Purchaser is disclosed. Copyright American Land Title Association.All rights reserved. The use of this Form is restricted to ALTA licensees and AME ALTA members in good standing as of the date of use.All other uses are prohibited.Reprinted under license from the American H r E Land Title Association. AS0`>;:"T°" 04/15/2016 8:49 AM Commitment No.: 454-H0465450-610-ETO SCHEDULE B—Section 2 Exceptions Any policy we issue will have the following exceptions unless they are taken care of to our satisfaction: . ' 1. Any facts,rights, interests or claims that are not shown by the Public Records but which 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 encroachments,encumbrances,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 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 the value the estate or interest or mortgage thereon covered by this Commitment. 6. Water rights, claims of title to water, whether or not these matters are shown by the Public Records. 7. All taxes and assessments,now or heretofore assessed, due or payable. NO IE: This tax exception will be amended at policy upon satisfaction and evidence of payment of taxes. 8. Reservations contained in the Patent From: The United States of America Recording Date: July 12, 1899 Recording No: Book 48 at Page 475 Which among other things recites as follows: A right of way thereon for ditches or canals constructed by the authority of the United States of America. Any vested and accrued water rights for mining, agricultural, manufacturing or other purposes and rights to ditches and reservoirs used in connection with such water rights as may be recognized and acknowledged by local customs, laws and decisions of courts. The right of the proprietor of a vein or lode to extract and remove his ore therefrom should the same be found to penetrate or intersect the premises hereby granted as provided by law. 04/15/2016 8:49 AM Commitment No.: 454-110465450-610-ETO 9. Covenants, conditions and restrictions, which do not include a forfeiture or reverter clause, but omitting any covenants or restrictions, if any, including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap, national origin, ancestry, source of income, gender, gender identity, gender expression, medical condition or genetic information, as set forth in applicable state or federal laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth in the document Recording Date: August 10, 1962 Recording No: Book 174 at Page 179 10. Terms, conditions, restrictions, provisions, notes and easements but omitting any covenants or, restrictions, if any, including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap, national origin, ancestry, source of income, gender, gender identity, gender expression, medical condition or genetic information, as set forth in applicable state or federal laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth on the Plat(s) of said subdivision set forth below: Recording Date: August 6,1962 Recording No: Reception No. 96382 11. Terms, conditions,provisions, agreements and obligations contained in the Agreement as set forth below: Recording Date: July 24, 1964 Recording No.: Book 183 at Page 157 12. Terms, conditions, provisions, agreements and obligations contained in the Easement Agreement as set forth below: Recording Date: July 09, 1996 Recording No.: Reception No. 595444 13. Terms, conditions, provisions, agreements and obligations contained in the Easement Agreement as set forth below: Recording Date: May 16,2000 Recording No.: Reception No. 729915 14. Terms, conditions, provisions, agreements and obligations contained in the Consent Agreement as set forth below: Recording Date: July 12,2005 Recording No.: Reception No. 922366 END OF EXCEPTIONS