08-08-2007 Council Agenda - Laserfiche WebLink

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JUL- 25-2007 WED 04:05 PM land tii,Ie FAX NO. 6514828965 P. 06 Chicago Title Insurance Company Issued by its Agent, Land Title, Inc. COMMITMENT SCEEAULE B - Section 11 Exceptions 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. Defects, liens, encumbrances, adverse claims or other- matters, if any, created, first appearing in the public records or attaching to subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. Note: Upon closing with Land Title, Inc., Item 1 on Schedule B-II will be deleted. The Final Policy will extend coverage as to the gap between the Effective Date listed in Item 1 of Schedule A and the date of recording of the instruments creating the interest to be insured. 2. Any discrepancies or conflicts in boundary lines, any shortages in area, or any encroachment or overlapping of improvements. 3; Any facts, rights, interests or claims which are not shown by the public record but which could be ascertained by an accurate survey of the land or by malting inquiry of persons in possession thereof. 4. Easements, liens or encumbrances or claims thereof, which are not shown by the public record. 5. Any Iien or right to a lien for services, labor or material imposed by law and not shown by the public record. 6. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public record. Proceedings by a public agency which may result in taxes or assessments, or notice of such proceedings, whether or not shown by the records of such agency or the public record. 7. (P1D No.: 06-29-22-21-0007) Taxes payable in 2005 and prior years have been paid in full. Taxes payable in 2007 in the amount of $10,582.00, total, unpaid, plus penalty. Base Tax: $10,084.30 Non- Homestead. Delinquent Taxes: Taxes payable in 2006 in the amount of 511,886.00, total, unpaid, plus penalty, cost and interest. (DID No.: 06- 29.22 -21 -0008) Taxes payable in 2005 and prior years have been paid in full. Taxes payable in2007 in the amount of $5,564.00, total, unpaid, plus penalty. Base Tax: 55,045.41 Non - Homestead. Delinquent Taxes: Taxes payable in 2006 in the amount of $6,092.00, total, unpaid, plus penalty, cost and interest. Case No. 293012 This commitment is invalid unless the Insuring Provisions and Schedules A and B are attached. Schedule B2 consists of 2 page(s) -4-