Grade: Curative Items: Non Curative Items:

Transcription

1 Order Details File #: TAMCHA Client File #: Property Address:402 Hanson Avenue, Orange Park, FL Title Company Information Bay National Title Feather Sound Drive, Ste 250 Clearwater, FL Phone: Assigned Coordinator Details Escrow Officer: Title Officer: Grade: E 7 Item Code Enforement Lien Curative Items: Description Foreclosure Deed Not Recorded Mobile Home Bankruptcy Non Curative Items: Item Description DISCLAIMER: THE TITLE INFORMATION CONTAINED HEREIN IS SUPPLIES AS A COURTESY ONLY AND IS NOT INTENDED TO SUPPLEMENT OR TO EXTEND THE COVERAGE OF THE UNDERLYING TITLE REPORT. REFERENCE SHOULD BE MADE TO THE TITLE REPORT FOR ALL QUESTIONS CONCERNING THE STATUS OF THE TITLE TO THE SUBJECT PROPERTY. BAY NATIONAL TITLE CO. ACCEPTS NO LIABILITY FOR THE INFORMATION CONTAINED HEREIN. REFERENCE SHOULD BE MADE TO THE UNDERLYING TSR FOR ALL QUESTIONS CONCERNING TITLE STATUS FOR THE PROPERTY.

2 TITLE SEARCH REPORT Company File No.: FL Customer File No.: TAMCHA To: Bay National Title Company Feather Sound Drive, #250 Clearwater, FL This report is being furnished at your request to assist you in preparation of a WFG National Title Insurance Company title insurance commitment and if appropriate, a title insurance policy to be issued by your office. Only the results of a search of the public records of the county in which the proposed insured property is located are reflected herein. After you have reviewed this report, you must (1) include in the commitment the requirements you find necessary after your analysis of the present transaction and any other matters discovered by review of surveys, prior title evidence, underwriting bulletins and/or guidelines together with any other matters you may have actual knowledge of that are not already shown in this report; (2) obtain written authorization from the Company to issue the commitment if the amount of the policy or policies to be issued exceeds your contractual limits of authority; and (3) perform an OFAC search (formerly known as a Patriot Act Search) on all seller(s), buyer(s) and/or borrower(s) in the transaction and follow proper procedures if any party s name appears on the SDN list. You must keep a copy of this report and all attachments in your file as required by FS Copies of the documents are included. NOTE: Personal property tax information has NOT been searched. This Title Search Report is prepared for your use in your examination and determination of the insurability of title to the property described herein in conjunction with the issuance of the Company's commitments, policies and endorsements by a policy issuing agent of the Company. Use of this Report for any other purpose or by any other person is not authorized. This Report may be neither relied upon by any other person or entity nor relied upon for any other purpose. No liability is assumed by the Company for any unauthorized use or reliance. Any liability under this Report is limited to the liability under the Company policy or policies issued pursuant to this Title Search Report. Page 1 of 7

3 Issuing Office File No.: TAMCHA Commitment for Title Insurance Issued By WFG NATIONAL TITLE INSURANCE COMPANY Schedule A Effective Date: August 25, 2017 at 8:00am Proposed Policy or Policies to be issued: Owner's Policy: (Amended with Florida modifications) Proposed Insured: Proposed Insured Owner(s) 3. The estate or interest in the land described or referred to in this Commitment is: Fee Simple 4. Title of the estate or interest in the land is at the Effective Date vested in: Richard A. Berry and U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Loan Trust 2006-RF2 by virtue of Certificate of Sale recorded in Case No CA The land referred to in this Commitment is described as follows: See Attached Schedule A (Continued) Bay National Title Company Feather Sound Drive, #250 Clearwater, FL An Authorized Signature Page 2 of 7

4 Commitment for Title Insurance Issued By WFG NATIONAL TITLE INSURANCE COMPANY Schedule A (Continued) Issuing Office File No.: TAMCHA Lot 20, Langley Subdivision Unit One, according to the Plat thereof as recorded in Plat Book 8, page(s) 2, of the Public Records of Clay County, Florida. Page 3 of 7

5 Commitment Issued By WFG NATIONAL TITLE INSURANCE COMPANY Schedule B-I Issuing Office File No.: TAMCHA Requirements: The following requirements must be met: Pay and/or disburse the agreed amounts for the interest in the land to be insured and/or according to the mortgage to be insured. Pay the premiums, fees and charges for the policy. Pay all taxes, charges and assessments against subject premises, which are due and payable. The following documents, satisfactory to us, creating the interest in the land and/or the mortgage to be insured, must be signed, delivered and recorded, specifically as follows: A. Warranty Deed from U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Loan Trust 2006-RF2 to Proposed Insured Owner(s). Note: If the Deed is to be executed by an individual or entity other than Grantor, proof of authority must be obtained and recorded or cited on the conveyance When the company is provided the amount of the full insurable value of the land and the Company has agreed to that value, Schedule A will be amended accordingly. The name(s) of the proposed insured under the policy must be furnished and this commitment is subject to such further exceptions and/or requirements as may then be deemed necessary. Secure and record a release or satisfaction of Code Enforcement Lien in favor Clay County Division, recorded in Official Records Book 3999, page 914. Note: Documentation from the appropriate governmental agency must be furnished evidencing that the particular violation affecting the property described in Schedule A has been removed or corrected and no longer constitutes a violation. If the code violation described in the code lien(s) has not been corrected, an exception must be made for the on-going violation described in the lien. Note: If it is determined that the code lien(s) was eliminated in a foreclosure action, the insured buyer(s) must sign an acknowledgment confirming the buyer's understanding that the outstanding fines due for the code lien(s) are not being paid in this transaction Certificate of Title to be issued to U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Loan Trust 2006-RF2, pursuant to the Certificate of Sale entered in Clay County Case No CA docket on 8/22/2017. The Company reserves the right to review the Certificate of Title and docket case proceedings prior to closing and make additional requirements. Evidence satisfactory to the Company must be furnished showing: a. An RP Sticker should be obtained for the mobile home if not already done. b. Releases should be obtained for any lien(s) shown on the motor vehicle certificate(s) of title. Page 4 of 7

6 c. A Florida motor vehicle certificate of title should be signed over to the buyer and processed through the local tax collector or DHSMV and a new title certificate issued in the name of the insured buyer. d. The new lender should be added to the certificate of title as a lienholder and the new lien registered in accord with Section F.S. e. The deed and mortgage should identify the mobile home with the following: Manufacturer, name, make, and model, and the VIN number. f. The title policies you issue should reference the mobile home or vehicle identification number(s) (VIN) as part of the description in Schedule A. Note: Each side of a mobile home has a separate Certificate of Title and each Certificate of Title must be transferred at the DHSMV and new Certificates of Title issued to the buyer. The lender s lien must be placed on each Certificate of Title The Company's search discloses Bankruptcy proceedings of Richard A. Berry. An affidavit satisfactory to the Company must be furnished and recorded in the Public Records that he/she is not the same person as debtor in the said Bankruptcy proceedings, which affidavit shall contain the legal description of the land; or in the alternative, the Company shall be furnished with proof of abandonment or proof that the subject property qualified as homestead in the Bankruptcy, if the same applies. (Note: Property Taxes indicate that a bankruptcy has been filed, no notation in the foreclosure docket, need confirmation that a bankruptcy was not filed, if so we reserve the right to make further requirements) Written evidence, from appropriate governmental authorities, that Special Taxing District, City and County Special Assessment Liens, MSBU Assessment Liens, Impact Fees, and Water, Sewer and Trash Removal Charges, if any, have been paid. Obtain a sworn affidavit by the current owner(s), certifying that there are no liens against the insured land other than as disclosed by this commitment; that there are no outstanding or pending claims against the affiant that may constitute the basis for a lien against the insured land; that other than as disclosed by this commitment there are no matters which constitute defects in affiants title to the insured land; and that there are no matters existing at this date which would adversely affect the ability of the affiant to convey and/or mortgage the insured land. NOTES FOR INFORMATION PURPOSES ONLY: (a) 2016 real property taxes show Paid. Amount Paid was $ and gross tax amount is $ for Tax Identification No (b) The recording information of vesting instruments affecting title of said Land(s) recorded within 24 months of the effective date of this report is/are as follows: NONE (c) The Company reserves the right to make additional requirements when additional facts are disclosed by the compliance of the requirements shown on Schedule B, Section 1 herein. (d) Upon receipt of this title evidence, you must obtain written authorization from the Company to issue the commitment if the amount of the policy or policies to be issued exceeds your agency limits. (e) If the requirements are not met within 6 months after the commitment date, the commitment terminates and the liability of the company ends. Page 5 of 7

7 Commitment Issued By WFG NATIONAL TITLE INSURANCE COMPANY Schedule B-II Issuing Office File No.: TAMCHA Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company: Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the Proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. Rights or Claims of parties in possession not shown by the public records. Easements or claims of easements not shown by the public records. Any encroachment, encumbrance, violation, or adverse circumstance affecting the title that would be disclosed by an accurate and complete land survey of the land. The term encroachment includes encroachments of existing improvements located on the land onto adjoining land, and encroachments on the land of existing improvements located on adjoining land. Any lien or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the public records. Any adverse ownership claim by the state of Florida by right of sovereignty to any portion of the lands insured hereunder, including submerged, filled and artificially exposed lands and lands accreted to such lands. Any minerals or mineral rights leased, granted or retained by current or prior owners. Taxes for the year 2017 and subsequent years which are not yet due and payable. Easements, restrictions, covenants and conditions as set forth in the Plat of Langley Subdivision Unit One, recorded in Plat Book 8, page 2. Reservations of road rights of way in favor of the State of Florida, set forth in the deed from Trustees of the Internal Improvement Fund, recorded in Deed Book 41, Page 556. The insured land shall not include any mobile home or manufactured housing unit which may be affixed to the land. NOTES FOR INFORMATION PURPOSES ONLY: Page 6 of 7 (a) Items 2 and 5 of Schedule B-II of this Commitment will be deleted from any policies issued pursuant thereto, upon the Company's review and acceptance of an Affidavit of Possession and No Liens, and the Company's review of the potential exposure of construction liens. The Company reserves the right to exclude from coverage matters disclosed by the Affidavit or discovered in the Company's review of the potential exposure for construction liens and to make such additional requirements as it may deem necessary. (b) Items 3 and 4 of Schedule B-II of this Commitment will be deleted from any policies issued pursuant thereto, upon being provided a survey meeting the company's requirements. If such survey

8 reveals any encroachments, overlaps, boundary line issues or other adverse matters, they will appear as exceptions in any policies to be issued based upon this commitment. (c) All of the recording information contained herein refers to the Public Records of Clay County, Florida, unless otherwise indicated. Any reference herein to a Book and Page is a reference to the Official Record Books of said county, unless indicated to the contrary. (d) As to all restrictions set forth above, the following is added: "but omitting any covenant or restriction based on race, color, religion, sex, handicap, familial status or national origin, unless and only to the extent that said covenants(s): (a) is/are exempt under Chapter 42, Section 3607 of the United State Code; or (b) relates to a handicap, but does not discriminate against handicapped persons. (e) A search commencing with the effective date hereof will be performed prior to closing this transaction. If this search reveals an objection or title defect, an endorsement will be issued requiring that said objection or defect be cleared before closing. Item 1 of Schedule B-II (GAP Exception) will be deleted pursuant to Sec , F.S. (f) If applicable, Standard ALTA , , , Florida Form 9-06 Endorsements, or any other Florida approved endorsement that may apply will be attached to and made a part of the final loan policy. (g) In accordance with Florida Statutes Section , please be advised that the insured hereunder may present inquiries, obtain information about coverage, or receive assistance in resolving complaints, by contacting WFG National Title Insurance Company, SW 68th Parkway, #350, Portland, OR Telephone number ( ) NOTICE: A. Claims against the Company under the commitment or policy must be based solely on contract B. A Commitment is not an abstract of title, a report on the condition of the property, a legal opinion, an opinion of title, or other representation regarding the status of title. C. The procedures used to determine insurability, including search and exam, are performed solely for the benefit of the Company, and do not create any extra-contractual liability to any person including the insured. Page 7 of 7