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HomeMy WebLinkAboutA005 - Title Opinion dated November 27, 2006 u ' GOODWIN LAW OFFICE, P. C. ATTORNEY AT LAW 311 W.LINCOLN WAY,SUITE 1 AMES,IOWA 50010-3317 ROBERT W.GOODWIN TELEPHONE 515-232-7390 FAX 515-232-7396 November 27, 2006 Alan J. & Susan M. Nacin 648 E. Riverside Rd. Ames, IA 50010 TITLE- OPINION• I have examined the Abstract of Title to the subject property legally described as: Lot One (1), Arnold Acres, Story County, Iowa, certified by Sara M. Calvert, Manager of Abstract and Title Services of Story County, containing a total of 46 entries last certified at 8:00 o'clock A.M. on November 15, 2006. TITLE I have found record title to the above-described real estate (hereinafter called the property) to be in Alan J. Nacin and Susan M. Nacin, Husband and Wife, as Joint Tenants.With Full Right of Survivorship and Not as Tenants in Common, by virtue of a Warranty Deed dated May 4, 2001, and filed in the office of the Story County Recorder as Instrument No. 01-05855 on May 15, 2001, as shown in Entry 36 of the Abstract. The title to this property is subject to the following exceptions and also subject to the Standard Exceptions shown on Schedule A attached hereto. EXCEPTIONS Entry 41 of the Abstract shows a Mortgage against the property in favor of Wells Fargo Home Mortgage, Inc. filed in the office of the Story County Recorder as Instrument No. 03-19056 on September 9, 2003. Alan J. Nacin Susan M. Nacin Title Opinion November 27, 2006 Page 2 LIMITATION OF USE OF TITLE OPINION 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. r CONCLUSION Marketable title to the above-described property exist in you, Alan J. Nacin and Susan M. Nacin, subject to the above-identified mortgage in favor of Wells Fargo Home Mortgage, Inc. Sincerely, GOODWIN LAW OFFICE, P.C. Robert W. Goodwin Attorney at Law RWG:sld Attachment (Schedule A) SCHEDULE A--STANDARD EXCEPTIONS 1. The abstract does not show rights of access to and'from the Real Estate. 2. Rights or claims of parties in possession are not shown in the abstract. 3. You should ascertain 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. 4. The abstract does not disclose the existence of environmental deficiencies such as underground storage tanks,wells, solid waste, hazardous wastes, asbestos, or radon -gas. Liability for removal and remediation may be imposed by virtue of ownership of the Real Estate even though one may not have been responsible for the deficiency. 5. Easements, or claims of easements, existing by virtue of usage, or which do not otherwise appear in the abstract. 6. The abstract does not show if there are any encroachments, overlaps, boundary lines, and any other matters which would be disclosed by an accurate survey and inspection of the Real Estate. 7. The abstract does not show the location of all public utility lines that service the property and the necessary easements therefor.. 8. Any other matter affecting the real estate which may have been filed as a part of the public records in the county courthouse after the period of time covered by this Title Opinion.