HomeMy WebLinkAboutA005 - Title Opinion dated April 7, 2000 ATTORNEY'S TITLE OPINION
First Addition,Terra Firma Subdivision,Ames, Iowa
1,Franklin J.Feilmeyer, state:
1. 1 am an attorney licensed to practice law in the State of Iowa. My principal place of business is
located at 618 Douglas Ave.,P.O. Box 270,Ames, IA 50010-0270 (Telephone: 515-239-5000).
2. In accordance with section 3 54.11 of the Code of Iowa, I have examined the abstract of title to the
real property described in the attached Consent, shown in the subdivision plat, and to be known as
First Addition,Terra Firma Subdivision,Ames,Iowa.
3. Based on such examination,I find that fee simple title to said real property is vested in:
TERRA FIRMA,L.P.
4. Based on such examination, I find that the following are holders of mortgages,liens, or other en-
cumbrances on said real property being platted:
4.1. The real estate was mortgaged by Terra Firma,L.P., to First American Bank to secure
an original indebtedness of$550,000.00 and future advances by a mortgage under date of
November 18, 1998, filed in the office of the Recorder of Story County, Iowa, on No-
vember 30, 1998,and recorded as Instrument N°98-16550, which encumbers the North
54 feet of Lot 14,Parker's Addition to Ames,Iowa, except that portion sold off the West
end for railway purposes (and also known as Story County Parcel N°09-09-131-090, lo-
cally known as 221 Stanton Avenue,Ames,Iowa); AND The South 58.6 feet of the North
112.6 feet of Lot 14 in Parker's Addition to Ames, Iowa, and a 30 foot strip of aban-
doned Fort Dodge, Des Moines & Southern Railroad Company right of way across the
North 112.6 feet of Lot 14 in Parker's Addition to Ames, Iowa (and also known as Story
County Parcel N°09-09-131-100,locally known as 223 Stanton Avenue,Ames,Iowa).
4.2. The real estate was mortgaged by Terra Firma, L.P., to Union Planters Bank, National
Association to secure an original indebtedness of$150,000.00 by a mortgage under date
of July 15, 1999, filed in the office of the Recorder of Story County, Iowa, on July 15,
1999, and recorded as Instrument N° 99-09429, which encumbers the North 58 feet of
the South 83.7 feet of Lot 14 in Parker's Addition to Ames, Iowa (and also known as
Story County Parcel N° 09-09-131-110, locally known as 229 Stanton Avenue, Ames,
Iowa).
4.3. The real estate was mortgaged by Terra Firma, L.P., to Union Planters Bank, National
Association to secure an original indebtedness of$150,000.00 by a mortgage under date
of July 15, 1999, filed in the office of the Recorder of Story County, Iowa, on July 15,
1999, and recorded as Instrument N° 99-09434, which encumbers the South 25 feet of
Lot 14, except the West 15 feet thereof; and the North 32.3 feet of Lot 15, except the
West 15 feet thereof; all in Parker's Addition to Ames, Iowa (and also known as Story
County Parcel N°09-09-131-120,locally known as 301 Stanton Avenue, Ames, Iowa).
I certify under penalty of perjury and pursuant to the laws of the State of Iowa (Iowa Code §
622.1)that the preceding is true and correct.
Dated April 7, 2000.
RANKLIN J.FE MEYER
Sharp,Jahn,Feilme er&Feilmeyer,plc
Attorneys at law
618 Douglas Ave.,P.O.Box 270 n
Ames,IA 50010
FJF d 200004071413
00 - 04271C?