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2017-193
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2017-193
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Last modified
3/1/2018 10:58:28 AM
Creation date
11/22/2017 10:12:32 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
11/21/2017
Control Number
2017-193
Agenda Item Number
8.K.
Entity Name
Mekras, Satira
G&T LLC
Subject
Purchase, Sell Real Estate
Land Acquisition
Area
1612 20th Street and 2015 16th Avenue
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WESTCOR POLICY NO. <br /> LAND TITLE INSURANCE COMPANY OP-25-FL1394-6372758 <br /> OWNER'S POLICY OF TITLE INSURANCE <br /> (with Florida Modifications) <br /> ISSUED BY <br /> WESTCOR LAND TITLE INSURANCE COMPANY <br /> Any notice of claim and any other notice or statement in writing required to be given to the Company under this Policy <br /> must be given to the Company at the address shown in Section 18 of the Conditions. <br /> COVERED RISKS <br /> SUBJECT TO THE EXCLUSIONS FROM COVERAGE,THE EXCEPTIONS FROM COVERAGE CONTAINED IN <br /> SCHEDULE B,AND THE CONDITIONS, Westcor Land Title Insurance Company,a South Carolina corporation(the <br /> "Company")insures,as of Date of Policy,against loss or damage,not exceeding the Amount of Insurance,sustained or <br /> incurred by the Insured by reason of: <br /> I.Title being vested other than as stated in Schedule A. <br /> 2.Any defect in or lien or encumbrance on the Title.This Covered Risk includes but is not limited to insurance against <br /> loss from <br /> (a)A defect in the Title caused by <br /> (i)forgery,fraud,undue influence,duress,incompetency,incapacity,or impersonation; <br /> (ii)failure of any person or Entity to have authorized a transfer or conveyance; <br /> (iii) a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or <br /> delivered; <br /> (iv)failure to perform those acts necessary to create a document by electronic means authorized by law; <br /> (v)a document executed under a falsified,expired,or otherwise invalid power of attorney; <br /> (vi)a document not properly filed,recorded,or indexed in the Public Records including failure to perform those <br /> acts by electronic means authorized by law;or <br /> (vii)a defective judicial or administrative proceeding. <br /> (b)The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable,but <br /> unpaid. <br /> (c)Any encroachment, encumbrance,violation,variation, or adverse circumstance affecting the Title that would be <br /> disclosed by an accurate and complete land survey of the Land.The term"encroachment"includes encroachments <br /> of existing improvements located on the Land onto adjoining land,and encroachments onto the Land of existing <br /> improvements located on adjoining land. <br /> 3.Unmarketable Title. <br /> COVERED RISKS CONTINUED ON NEXT PAGE <br /> In Witness Whereof,WESTCOR LAND TITLE INSURANCE COMPANY,has caused this policy to be signed and <br /> sealed as of Date of Policy shown in Schedule A,the policy to become valid when countersigned by an authorized signa- <br /> tory of the Company. <br /> WESTCOR LAND TITLE INSURANCE COMPANY <br /> Issued By: FL1394 * 48083633 <br /> Atlantic Coastal Land Title Company, LLC ^^^^ /� <br /> By: A/ Q tO AA <br /> 855 21st Street, Suite C <br /> Vero Beach, FL 32960 'M EAL /reside t <br /> 1993 <br /> BB�aYY <br /> YS cd' 1 <br /> *la,,aa Attest: ,. --- <br /> llllll <br /> Secret, y <br /> OP-25 ALTA Owners Policy of Title Insurance 6-17-06(with FLORIDA Modifications)(WLTIC Edition 12/1/17) Page 1 <br />
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