HomeMy WebLinkAboutA014 - Title Opinion ATTORNEY'S OPINION
I, Deborah S. Krauth, hereby state that I am an Attorney at Law, duly
admitted to the practice of law in the State of Iowa, and a member of the firm of
Newbrough, Johnston, Brewer, Maddux & Krauth, L.L.P., with offices at 612 Kellogg
Avenue, Ames, Story County, Iowa. I further state that I have examined the Abstract of
Title to the following-described real estate, to-wit:
Parcel A in the Northeast Quarter (NEI) of the Southeast Quarter
(SEI) of Section Twenty-seven (27), Township Eighty-four (84) North,
Range Twenty-four (24) West of the 5th P.M., in the City of Ames,
Story County, Iowa, as shown on the 'Plat of Survey" filed in the office
of the Recorder of Story County, Iowa, on February 8, 1995, and
recorded as Instrument No. 95-01002 in C & F N Book 13, page 15,
from the root of the title thereof, down to and including the 0-7 day of
1997, at _ o'clock :m., last certified by Cyclone
Abstract & Title Company, Ames, Iowa (Iowa Title Guaranty Division Member #8195).
The real estate has now been subdivided and is now known as NORTHERN LIGHTS
SUBDIVISION, STORY COUNTY, IOWA.
Based upon information within said Abstract of Title, it is my opinion that
the fee simple title to said real estate is in GRAND INVESTORS, L.L.C. The real estate
is free from encumbrances excepting, however, a Mortgage to First National Bank, Ames,
Iowa, dated February 11, 1997, and filed in the office of the Recorder of Story County,
Iowa, on February 21, 1997, as Instrument No. 97-01670. A portion of the property is also
subject to restrictive covenants dated March 15, 1982, filed in the office of the Recorder of
Story County, Iowa, on May 5, 1982, in Book 182 at page 61. The property is also subject
he City of Ames on
which was adopted b t
to a resolution designating impermissible uses p y ty
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n 26 1982 and filed in the office of the Recorder of Story County, Iowa, on
January ry tY,
June 10, 1982, in Book 182 at page 329. The property is further subject to easements
and restrictions of record and to zoning ordinances of the City of Ames, Iowa.
Dated this day of , 1997.
NEWBROUGH, JOHNSTON, BREWER, MADDUX & KRAUTH, L.L.P.
612 Kellogg Avenue, P.O. Box 847
Ames, Iowa 50010
Telepho 515-232-1761
EieMah Y
S. Krauth, Attorne
Iowa Title Guaranty
Division Member #1440 c