HomeMy WebLinkAboutA008 - Attorney's Opinion dated October 15, 2020 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, Ames, Story County, Iowa. I further state that I have examined the Abstract of Title to the
following-described real estate, to-wit:
Parcel "W" a part of the South Half(S%2) of the Southeast Quarter(SE'/4) of Section
Sixteen (16), and a part of the Northwest Quarter (NW'/4) of the Northeast Quarter
(NE'/4) of Section Twenty-one (21), all in Township Eighty-three (83) North, Range
Twenty-four(24)West of the 5th P.M.,Ames,Story County,Iowa,as shown on the Plat
of Survey-Boundary Line Adjustment as attached to the Surveyor's Affidavit recorded
on June 23, 2020, as Instrument No. 2020-06792
(the"Real Estate")from the root of the title thereof,down to and including the 23rd day of July,2020,at
8:00 a.m., last certified by Abstract and Title Services of Story County, Ames, Iowa (Iowa Title
Guaranty Division Member #8650), with an Addendum dated August 5, 2020, with an additional
Addendum dated September 15,2020,and with an additional Addendum dated October 15,2020. The
Real Estate has now been subdivided and is now known as DOMANI SUBDIVISION FIRST
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 Pinnacle Properties Ames,L.L.C. The Real Estate is subject to easements
of record and to zoning ordinances of the City of Ames, Iowa, as well as the following:
1. That certain Mortgage in the amount of$6,000,000.00 given to First National Bank,Ames,
Iowa,dated March 9,2020,and filed in the office of the Recorder of Story County,Iowa,on
March 10, 2020, as Instrument No. 20-02043;and
2. That certain Mortgage in the amount of$6,000,000.00 given to First National Bank,Ames,
Iowa,dated October 15,2020,and filed in the office of the Recorder of Story County,Iowa,
on October 15, 2020, as Instrument No. 20-12204.
Dated this 15th day of October, 2020.
P �
DAVIS BROWN LAW FIRM
By:
Brian D. Torresi, Attorney
Iowa Title Guaranty Member No. 10046
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