HomeMy WebLinkAboutA004 - Attorney's Title Opinion dated May 24, 2000 Walnut Place Subdivision of Ames, Iowa
ATTORNEY'S TITLE OPINION
I, David W. Benson, the undersigned, state:
1. I am an attorney licensed to practice in the State of Iowa and my principal
place of business is located at 1416 Buckeye Ave., Suite 2000 Ames, IA 50010-8070
(Telephone: 515-23 3-3 000).
2. Pursuant to section 354.11 of the Code of Iowa, I have examined the
abstract of title to the real property described in the attached subdivision plat to be known
as Walnut Place Subdivision of Ames, Iowa.
3. Based on such examination, I find that fee simple title to said real property
is vested in:
JENSEN DEVELOPMENT CORPORATION, LTD.
4. Based on such examination, I find the following:
(a) The real estate was mortgaged by Jensen Development Corporation, Ltd.,
to Union Planters Bank,N.A., to secure an original indebtedness of$1,075,000.00. The
mortgage is dated November 2, 1999, and was filed in the office of the Recorder of Story
County, Iowa, on November 2, 1999, and recorded as Instrument Number 99-14824.
(b) The real estate is subject to an assignment of rents granted by Jensen
Development Corporation, Ltd., to Union Planters Bank, N.A. The assignment of rents
is dated November 2, 1999, and was filed in the office of the Recorder of Story County,
Iowa, on November 2, 1999, and recorded as Instrument Number 99-14823.
(c) The real estate was mortgaged by Dickson Jensen and Luann Jensen to
Union Planters Bank, N.A. to secure an original indebtedness of$1,075,000.00. The
mortgage is dated December 20, 1999, and was filed in the office of the Recorder of
Story County, Iowa, on January 14, 2000, and recorded as Instrument Number 00-00494.
(d) The real estate is subject to an assignment of rents granted by Dickson
Jensen and Luann Jensen to Union Planters Bank, N.A. The assignment of rents is dated
December 20, 1999, and was filed in the office of the Recorder of Story County, Iowa, on
January 14, 2000, and recorded as Instrument Number 00-00495.
(e) The real estate is subject to a financing statement to Union Planters
Bank, N.A. The financing statement was filed in the office of the Recorder of Story
County, Iowa, on January 14, 2000, and recorded as Instrument Number 00-00496.
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(f) The real estate is subject to a financing statement to Union Planters
Bank, N.A. The financing statement was filed in the office of the Recorder of Story
County, Iowa, on February 7, 2000, and recorded as Instrument Number 00-01325.
Dated May 24, 2000.
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David W. Benson, Attorney
STATE OF IOWA, COUNTY OF STORY, SS:
On May 24, 2000, before me, the undersigned, a Notary Public in and for said
State, personally appeared David W. Benson to me known to be the PERSON named in
and who executed the foregoing instrument, and acknowledged that the person executed
the same as the person's voluntary act and deed.
Z4 � CONNIE J.HERMANN
COMMISSION EXPIRES otary Public
IOWA
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