HomeMy WebLinkAboutA001 - Title Opinion dated May 22, 2000 LAW OFFICE
HOGAN & FISHER, P.L.C.
3101 INGERSOLL AVENUE
DES MOINES, IOWA 50312
(515) 279-9059
FAX (515) 277-5836
TIMOTHY C. HOGAN, P.C.
THOMAS G. FISHER JR, May 22 , 2000
City of Ames
515 Clark Avenue
P.O. Box 811
Ames, Iowa 50010-5256
RE: Bloomington Heights Plat 9
Dear Gentlepersons:
Pursuant to Iowa Code § 354 . 11 (3) (1999) , we have examined the
abstract of title showing record title from the government entry
and the root of title to and including May 1, 2000, at 2 : 49 P.M. ,
last certified by Batman-Sayers Abstract Company to the real estate
located in Story County, Iowa described as follows (the "Real
Estate") :
Outlot X of Bloomington Heights Plat 8, an Official Plat,
City of Ames, Iowa.
As of the date of the last continuation of the abstract, we certify
that record title is vested in
AMES LAND COMPANY, L.L.C.
subject to the following:
1. Pursuant to Iowa Code § 354 . 11 (3) (1999) , we certify that
there are no mortgages, liens, or other encumbrances on the Real
Estate hereinabove described, except as follows:
a. Mortgage. A mortgage in favor of First National Bank,
Ames, Iowa in the original amount of $1, 700, 000 dated
April 27, 2000 and recorded May 1, 2000 as Instrument No.
00-04519 appears at Entry No. 100 of the Abstract.
2 . Real Estate Taxes. All real estate taxes are shown as
paid. This Real Estate is assessed as 0-#36470, 0-#19913 , 0-
#19914 , 0-#19916, 0-#10714 (P-#05-28-200-420) .
Insofar as this opinion is prepared pursuant to Iowa Code §
345 . 11 (3) (1999) , certain items such as utility easements have been
omitted from this opinion. This opinion is given strictly for
platting purposes, and no opinion is expressed herein with respect
to utility easements or similar matters that affect the property
under examination herein.
00 - 0 8 0 90 �'�
City of Ames
May 22 , 2000
Page -2-
In issuing this opinion, I pass only on the title as shown in the
above-described description. I can give no report on (a) location
of all public utility lines that service the property and the
necessary easements therefore; (b) easements existing by virtue of
usage, as the same does not appear on the abstract; (c) location of
boundary lines; (d) stolen or forged documents; (e) rights of
undisclosed spouses; and (f) rights of parties in possession.
You should ascertain also that no improvements either in the form
of labor or materials, which have been placed on the premises in
the last ninety days, still remain unpaid, as they would constitute
liens without being shown of record.
You should determine whether any solid wastes, hazardous
substances, pollutants, above or below ground storage tanks,
drainage wells, water wells, landfill sites or other
environmentally regulated conditions exist on the property. Such
conditions are not ordinarily shown in the abstract, but they may
result in injunctions, fines, required cleanup, or other remedial
actions under federal, state or local laws. These laws may impose
liens against the property and personal liability against the
owner, even though the owner did nothing to create the conditions,
and acquired the property without knowing about it.
No report is made by the abstracter of special assessments not yet
shown on the tax books of Story County, Iowa; and therefore, no
examination is made as to these. Special assessments against any
property within a municipality should be determined by checking
with the City Clerk of said municipality.
This opinion is rendered solely for the benefit of the addressee or
addressees named herein. No other persons shall be entitled to
rely upon the contents of this opinion or the conclusions expressed
herein without the prior written consent of the undersigned
examining attorney.
Sincerely,
i
omas G. Fisher, Jr.
TGF:rr
00 - 08090 (9)