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HomeMy WebLinkAboutA003 - Attorney's Opinion ATTORNEY'S OPINION I,Brian D.Torresi,hereby state that I am an Attorney at Law,duly admitted to the practice of law in the State of Iowa, and an attorney at the Davis Brown Law Firm with offices at 2605 Northridge Parkway, Suite 101,Ames, Story County,Iowa. I further state that I have examined the Abstract of Title to the following-described real estate,to-wit: Outlot UU,Northridge Heights Subdivision Fifteenth Addition,Ames,Story County, Iowa (the "Real Estate") from the root of the title thereof, down to and including the 23d day of September, 2013, last certified by Abstract and Title Services of Story County,Ames, Iowa(Iowa Title Guaranty Division Member #8650). The Real Estate has now been subdivided and is now known as NORTHRIDGE HEIGHTS SUBDIVISION SIXTEENTH ADDITION, AMES, STORY COUNTY, IOWA. Based upon information within said Abstract of Title,it is my opinion that the fee simple title to the Real Estate is vested in Uthe Development Company,L.L.C. The Real Estate is free from encumbrances excepting, however,the following: 1. The Real Estate is subject to easements of record and to zoning ordinances of the City of Ames, Iowa; and 2. The Real Estate is subject to that certain Open-End Mortgage in the amount of $4,000,000.00 given to Ames Community Bank, dated November 28, 2011, and filed in the office of the Recorder of Story County, Iowa, on December 2, 2011, as Instrument No. 11-12127. Dated this I day of January, 2014. DAVIS BR �LA By: Brian D. Torresi, Attorney Iowa Title Guaranty Member No. 10046