HomeMy WebLinkAboutA004 - Title Opinion dated October 15, 1992 ATTORNEYS AT LAW
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October 15, 1992
TO WHOM IT MAY CONCERN:
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I have examined an abstract of title last continued by
Cyclone Abstract S Title Co., as its abstract number 41234, which
purports to show all matters of record from date of original
government entry to September 22, 1992, at 8:00 a.m., affecting
marketable title to the following-described property:
All of Lot 24; and Lot 25, except the following:
Beginning at the SW Corner of Lot 25; thence Northerly
4.47 Feet along the Westerly line of Lot 25, along a
curve that is concave to the East, having a radius of
283.09 Feet and a chord which bears N 8e31'26" W;
thence N 8e19'47" W, 179.81 Feet along the Westerly
line of Lot 25 to the P.T. of a tangent curve; thence
Northerly 47.94 Feet along said curve, concave
Westerly, having a radius of 824.87 Feet and a chord
which bears N 10e00' W; thence N 55*07107" E, 206.72
Feet to the Easterly line of Lot 25; thence S 22*07108"
E, 32 Feet along said Easterly line to the P.C. of a
tangent curve; thence Southwesterly, 392.58 Feet along
said curve that is concave Westerly, having a radius of
240 Feet to the point of beginning, all in the Gateway
Hills, an Official Plat now forming a part of the City
of Ames, Story County, Iowa.
Based on my examination of said abstract, as continued, I am of
the opinion that marketable title to such property is vested in:
IOWA STATE UNIVERSITY RESEARCH FOUNDATION, INC.,
subject to the following:
Boo,c PAGE__'!-
October 15, 1992
Page Two
1. The property is subject to the zoning ordinance of the
City of Ames, Iowa, and all other lawfully enacted ordinances of
that municipality.
2. The property is subject to the following easements: j
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a. Easement dated August 5, 1968, filed August
14, 1968, and recorded in Story County Book 108, Page
244 thereof, which grants unto the City of Ames, Iowa,
the right to construct, reconstruct, operate, maintain,
repair and remove electric lines consisting of poles,
wires, overhead or underground cables, fixtures,
anchors, etc. in certain locations;
b. Easement dated December 4, 1978, filed
December 29, 1978, and recorded in Story County Book
147, Page 275 'thereof, which grants unto the City of
Ames, Iowa, the right to construct, reconstruct,
maintain and use its electric lines consisting of j
poles, wires, overhead or underground cables, fixtures,
anchors and other similar equipment upon, underground,
over or across •certain real estate, including the west
10 feet of Got 25. The same easement grants unto the
City of Ames, Iowa, the right to construct,
reconstruct, maintain and use its underground water,
storm and sanitary sewer systems within the north 10
feet of Lot 25.
An accurate survey would be necessary in order to determine the
precise location of these easements.
3. Regular real estate taxes show as paid through and
including the taxes payable the fiscal year of July 1, 1991, to
June 30, 1992. Regular taxes payable the fiscal year of July 1,
1992, to June 30, 1993, are unpaid but not delinquent.
4. As with all real estate, title may be affected by
matters which need not appear of record. Included among these
things are the rights of parties in possession, facts which would
be disclosed by an accurate survey, the possibility of easements
being in actual use but not of record and the possibility of
laborers and materialmen filing liens within the time permitted
BOOK a 91 P GE.aLL— ,.
TMROCKMORTON. PARKER. MANNNCIMCR ✓s RAIrC
. A PROrCSSIONAL CORPORATION
15, 1992
,kree
w for work performed on or materials delivered to the
ty. You should also determine whether any solid wastes,
ous substances, pollutants, above or below ground storage
drainage wells, water wells, landfill sites or other
�nmentally regulated conditions exist on the property. Such
.ions are not ordinarily shown in the abstract, but they may
in injunctions, fines, required cleanup, or other remedial
Is under federal, state or local laws. These laws may
liens against the property and personal liability against
Iwner, even though the owner did nothing to create the
:ion, and acquired the property without knowing about it..
Very trul rs
on P. Sullivan
dw
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