HomeMy WebLinkAboutA003 - Attorney's Opinion dated May 25, 2016 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 Y and Outlot Z, Scenic Valley Subdivision First Addition, Ames, Story
County, Iowa
(the"Real Estate")from the root of the title thereof,down to and including the 6th day of November,
2015,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 SCENIC
VALLEY SUBDIVISION SECOND 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 Hunziker Development Company, LLC. 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;
2. That certain Commercial Real Estate Mortgage in the amount of$1,925,000.00 given
to First National Bank,Ames,Iowa dated February 14,2014,and filed in the office
of the Recorder of Story County,Iowa,on February 18,2014,as Instrument No. 14-
01262; and
3. That certain Agreement Pertaining to the Release of Service Territory Rights and
Covenant for Assessment given to Xenia Rural Water District dated January 17,
2014, and filed in the office of the Recorder of Story County, Iowa, on January 29,
p -7
2014, as Instrument No. 14-00791.
Dated this 25th day of May, 2016.
DAVIS BROWN LAW FIRM
By:
Brian D. Torresi, Attorney
Iowa Title Guaranty Member No. 10046