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2023-102
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Last modified
8/25/2023 11:33:10 AM
Creation date
6/27/2023 12:59:06 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
06/06/2023
Control Number
2023-102
Agenda Item Number
8.H.
Entity Name
Cobb, William James
Subject
Agreement to Purchase and Sell Real Estate for Right of Way
for the 41st Street Left turn lane (EB) at US 1
General Warranty Deed and Title Insurance
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American Land Title Association Owner's Policy of Title Insurance <br /> \iVESTCOR <br /> with <br /> l ride (07-01-2021) <br /> with Florida modifications <br /> ii. for any other reason not stated in Covered Risk 9.b. <br /> 5. Any claim of a PACA-PSA Trust. Exclusion 5 does not modify or limit the coverage provided under Covered <br /> Risk 8. <br /> 6. Any lien on the Title for real estate taxes or assessments imposed or collected by a governmental authority <br /> that becomes due and payable after the Date of Policy. Exclusion 6 does not modify or limit the coverage <br /> provided under Covered Risk 2.b. <br /> 7. Any discrepancy in the quantity of the area, square footage, or acreage of the Land or of any improvement <br /> to the Land. <br /> CONDITIONS <br /> 1. DEFINITION OF TERMS <br /> In this policy,the following terms have the meanings given to them below.Any defined term includes both the <br /> singular and the plural, as the context requires: <br /> a. "Affiliate": An Entity: <br /> i. that is wholly owned by the Insured; <br /> ii. that wholly owns the Insured; or <br /> iii. if that Entity and the Insured are both wholly owned by the same person or entity. <br /> b. "Amount of Insurance": The Amount of Insurance stated in Schedule A, as may be increased by <br /> Condition 8.d. or decreased by Condition 10 or 11; or increased or decreased by endorsements to this <br /> policy. <br /> c. "Date of Policy": The Date of Policy stated in Schedule A. <br /> d. "Discriminatory Covenant":Any covenant,condition,restriction, or limitation that is unenforceable under <br /> applicable law because it illegally discriminates against a class of individuals based on personal <br /> characteristics such as race, color, religion, sex, sexual orientation, gender identity, familial status, <br /> disability, national origin, or other legally protected class. <br /> e. "Enforcement Notice": A document recorded in the Public Records that describes any part of the Land <br /> and: <br /> is issued by a governmental agency that identifies a violation or enforcement of a law, ordinance, <br /> permit, or governmental regulation; <br /> H. is issued by a holder of the power of eminent domain or a governmental agency that identifies <br /> the exercise of a governmental power; or <br /> iii. asserts a right to enforce a PACA-PSA Trust. <br /> f. "Entity": A corporation, partnership, trust, limited liability company, or other entity authorized by law to <br /> own title to real property in the State where the Land is located. <br /> g. "Insured": <br /> i. (a). The Insured named in Item 1 of Schedule A; <br /> (b). the successor to the Title of an Insured by operation of law as distinguished from purchase, <br /> including heirs, devisees, survivors, personal representatives, or next of kin; <br /> (c). the successor to the Title of an Insured resulting from dissolution, merger, consolidation, <br /> distribution, or reorganization; <br /> (d). the successor to the Title of an Insured resulting from its conversion to another kind of <br /> Entity; or <br /> (e). the grantee of an Insured under a deed or other instrument transferring the Title, if the <br /> grantee is: <br /> (1). an Affiliate; <br /> Copyright 2021 American Land Title Association.All rights reserved. <br /> v.r uirati <br /> The use of this Form(or any derivative thereof)is restricted to ALTA licensees and <br /> ALTA members in good standing as of the date of use.All other uses are prohibited. <br /> Reprinted under license from the American Land Title Association. <br /> OP-61 FL ALTA 07-01-2021 Owner's Policy of Title Insurance(FLORIDA)(ALTA 7-01-2021) (WLTIC Edition 8/12/2022) <br />
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