Laserfiche WebLink
Schedule 8-Section 1 <br />No. 13-21237 <br />REQUIREMENTS <br />Schedule B of the policies to be issued will contain exceptions to the following matters unless the same are disposed of <br />to the satisfaction of the Company. <br />THIS SUPPLEMENTAL COMMITMENT NO. 2 SUPERSEDES AND REPLACES ANY PREVIOUS TITLE <br />COMMITMENT, SUPPLEMENTAL TITLE COMMITMENT AND/OR ENDORSEMENT ISSUED BY BURNET <br />TITLE UNDER FILE NO.13-21237. <br />1. All documents executed outside of Burnet Title's Offices will be subject to review, audit, validation, and possible <br />further requirements as deemed necessary by Burnet Title. We require a Burnet Title Notary Certification Form <br />together with a photocopy of the personal identification to be presented at the closing for review and audit. Any <br />documents without a Burnet Title Notary Certification Form and a copy of Identification must be submitted for review <br />and audit at least 2 days prior to closing. Documents may be rejected if Burnet Title is unable to validate the <br />document's authenticity. The Burnet Title Notary Certification form is available at www.burnettitle.com. <br />2. We require a written notification: <br />• If there is any change in the name of the proposed insured or the buyers/ borrowers; or <br />• If there is a change of name for the Grantor, Seller and or the number of Grantors or Sellers; or <br />• lfthere is any other individual(s) receiving funds from closing who does not have a recorded interest; or <br />• If any unrecorded mortgages or liens not shown on the commitment exist or may exist. <br />• If there is anyone not referred to in this Commitment who has or will receive an interest in the property; or <br />We may then make additional requirements or exceptions, or require additional names searches for the same <br />or as required by federal law pursuant to the Patriot Act search requirements. <br />3. Burnet Title requires the Purchase Agreement including the Seller's Property Disclosure Statement to be reviewed <br />by the Burnet Title Closer and Examiner prior to closing. We reserve the right to raise further requirements and/or <br />exceptions based upon Closers review of above document. <br />4. FOR INFORMATIONAL PURPOSES: The following fee transfers appear of record with the County Recorder in the <br />past 24 months: <br />NONE <br />The fee owner, under Schedule A, Item 4 acquired title by Limited Warranty Deed, filed May 19, 2010, as Document <br />No. A9514237. <br />Note to Closer: The above closing on the property appears to have been done by Liberty Title, Inc. <br />5. We require that a copy of the Member Control/Operational Agreement of DNA Properties, LLC, a Minnesota Limited <br />Liability Company, a Limited Liability Company, be provided to the undersigned examiner prior to closing, for review <br />and possible further requirements. <br />6. Warranty Deed from DNA Properties, LLC, a Minnesota Limited Liability Company to MAP Holdings LLC. <br />7. NOTE: Public records indicate no open mortgage. Please verify no liens or mortgages are to be paid at closing. <br />8. This Commitment cannot close until this requirement is deleted. The following items must be filed with the <br />County Recorder and verified by Burnet Title: <br />1. Plat of To Be Determined. <br />(rev. 1/10) <br />RECEIVED <br />MAR 17 2014 <br />CITY OF ORONO <br />36