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Home My WebLink AboutTitle opinion ./ lo [� ��. `• "� C�P�,�S l I D ��- �� /�/ �,`N Se� ,w�°"�� SPENCER G. KLUEGEL 04��'��;.��'`P� ATTORNEY AT LAW pHONE:161'_')-173-163() yQ h,��„` 17751 BRECONWOOD ROAD R�P``��v WAY"LATA.MN 55391 f=AX:(6131�173-939.8 April 20, 1998 TITLE OPINION —ABSTRACT PROPERTY LEGAL DESCRIPTION Lot 4, Loma Linda. (Hennepin County) City of Orono P. O. Box 66 Crystal Bay, Minnesota 55323 Attention: Liz Dear Sir/Madam: { have examined the Abstract of Title which covers the property described above. The abstract was prepared by Old Republic National Title Insurance Company on their Order No. A98-33206. My examination covered the condition of recorded title as of the date certified on the abstract, which is 7:00 A.M., April 2, 1998. t found that good and marketable fee title, on said date, was owned by: C. Douglas Holcombe and Marilyn J. Holcombe, husband and wife as joint tenants Said ownership is subject to the following: 1. Together with an easement as contained in Book 2197 of Deeds, page 382, Document No. 3156554 over that part of the above described land located within the following description: Beginning at the most Westerly corner of said Lot 4; thence Easterly on the Northerly line of said Lot 4 a distance of 26.88 feet; thence Southerly to the point of intersection of the Northerly line of Loma Linda Avenue with the Southwesterly line of said Lot 4; thence ._��y�. - -,�-� �P� ? l� 1'�^. J��i � �i i `�✓i'i V i'1:J , � Westerly on the Northerly line of Loma Linda Avenue 26.88 feet; thence Northerly to the point of beginning. � 2. A mortgage running in favor of Retail Employees Credit Union, a Minnesota corporation, in the original principal amount of $�50,000.00, �said rriortgage being dated November 2a, 1997 and filed of record January 28, 1998 as Document No. 6842289. 3. The real estate taxes due and payable in 1998 in the amount of $4,083.2� have net been paid. Said tax-was based upon a homestead classification under Property l.D. No. OS-117-23-23- 0005. 4. The standard title exceptions set forth on the following page. Ve ruly yours, /� � , �� / � ,. , Spencer G. Kluegel „ � . / ` Q�c`P��S�c �,p.`N S P,�w�'�"�� SPENCER G. KLUEGEL ��CL�� ti,,.�`��'` ATTORNEY AT LAW ��P�,QR J��r„��'' 17751 BRECONWOODROAD PHONE:(612)473-1630 C`��G� WAYZATA,MN 55i91 FAX:(612)473-93y8 April 20, 1998 TITLE OPINION — REGISTERED PROPERTY LEGAL DESCRIPTION See Exhibit A attached. City of Orono P. O. Box 66 Crystal Bay, Minnesota 55323 Attention: Liz Dear Sir/Madam: I have examined the Registered Property Abstract which covers the property described above and which is registered on Certificate of Title No. 667614. The Registered Property Abstract was prepared by Old Republic National Title Insurance Company on their Order No. A98-33205. My examination covered the condition of recorded title as of the date certified on the abstract, which is 7:00 A.M., January 23, 1998. I found that good and marketable fee title, on said date, was owned by: C. Douglas Holcombe and Marilyn J. Holcombe, husband and wife as joint tenants Said ownership is subject to the following: 1. A mortgage running in favor of Fleet Mortgage Corporation in the original principal amount of$203,150.00, said mortgage being dated August 24, 1993 and filed of record September 21, 1993 as Document No. 2423676. �i ►; 2. A mortgage running in favor of C. U. Mortgage Services, Inc., a � Minnesota corporation, in the original principal amount of $460,000.00, said mortgage being dated October2lt 1997 and filed of record November 18, 1997 as Document No. 2862272. 3. The real estate taxes in the amount of$5,974.78 have not been paid. Said tax is based upon a homestead classification under Property I.D. No. 08-117-23-23-0025. 4. The statutory exceptions which appear on the Certificate of Title. 5. The standard title exceptions set forth on the following page. V ry.- ruly yours, ,� Spencer G. Kluegel � . . � t -- . - _ - __ __ - - ..,,.z,. .. '= _ :�c:., . _..- -- - :--.. . . . _ ._. _ _ _ .�_ _ . • . •''`'•r>i r . _ . . . __ •s� , y _ - -- ='; ."` �°�° CERTIFICATE � F TITLE . �� NO. 667614 DISTRICT COURT No.(�) 17406 ��(� ��'7 O� V L Transfer from No. 495015 Originally registered the 31at day of July A. D. 1973 Volume 1640 Page 495015 Sut� � Maartsot�, REGISTRATION CouNn or Noa�u�. � Thisis to certify that C. Douglas Holcombe and Marilyn J. Holcombe as �oint tenanta of 1040 Loma Linda Drive. City of Orono. County of Hennepin. State of Minneaota •. . are ��tho owner(s) of an estate in fee simple of and in the following described land situated in the County of Hennopin and State of Minneso�a, to wit: ; That part of Lot 36 including the accretions thereto, "Loma Linda" lying Easterly and Southerly of the following described line: Beginning'a[ a point on the South line of said Lot 36 diatant 200 feet East from the Southweat corner of eaid Lo[ 36; thence North at a right angle to eaid South line a dietance of 106 feet; thence Northeasterly deflecting to the right 58 degzees 00 minutea to the South line of the North 40 feet of eaid Lot 36; thence East along the last mentioned South line a diatance of 157 feet; thence Northeasterly, deflecting to the left 70 degrees 00 minutes to the ahore of Lake Minnetonka and there terminating, said Lot 36 being establiahed by �udgment entered in Hennepin County District Court Case Number 449127 and recorded in Book 550 of,�fiscellaneoua Records, page 410. ' Subject to an ea�ement for the benefit of Lot 4, "Loma Linda" se contained in Book 2197 of Deeds, page 382, Document No. 3156554 over [hat par[ of Che above described land located vithln ehe following descr�j.ption: Beginning at the moat h�esterly corner of said Lot 4; Chence Easterly on tha Northerly line of said Lot 4 a diseance of 26.88 feet; thence Southerly� to the point oE interaection of the Northerly line of Loma Linda Avenue with the Southwesterly line of said Lot 4; thence Hesterly on the Northerly line of Loma Linda Avenue 26.88 feet; ehence Northerly to the point of begianing; Subject to an easement for utili[y purposes gran[ed to Northern States Poaer Company filed in the office of the Register of Deeds of llennepin County, Minneeota as Doc. No. 4023453; Subject to tha encumb�ances, liens and interest noted by the memorial underwritten o� endorsed hereon; and subject to the fcllowing rights o� encumbrances subsisting, as provided in the tweoty-fourth section of"An act concerning the registnfion of land and ihe title thereto"of the General laws of the State of Minnesota for ihe year 1905, and the amendments thereof, namely: 1. L{�ns,claims ar rlphts aristnp und�r Ih�(aws or th�constitutlon of th�Unif�d Sfab�,which th�statut�s of this dats cannof r�qulr�M app�ar ef��cord. 4. Ths Ilsn of any nal prop�rfy tax or:pecia)au�tam�of fo�which th�land has not b��n soid at th�dal�of ths certf8eot�oF titls. 3. Any I�as�for a p�riad no►exc��dMp�6�ew yMn,when Ihwro b ecfuol neeupqfien eF Ihw prwmisss undwr�M Iroa+ 4. All rtyhl�in publk hiphways upon fhs lond. .. S. Such ripht ef app�al or righl to opp�ar and eonl�st th� applicatlon a� Is ollow�d by law. 6. TM riph��of aay p�rsen In post�ssfon uod�r d��d or conlract(or dNd irom th�own�r of Ihs ceAiflcal�oi titl�. 7. Any eutstandiny mechaniu li�n riphts whlch may exlsl und�r sectlons 514.01 to 514.17. That the esid C. Douglas Holcombe and Marilyn J. Holcombe are of the agea of 50 3 39 yeara respectively, ara married to each o[her and ara under no disability. �PAR a r • IN WITNESS WHEREOF, 1 h�v� hereunto sub�cribed my nama and affixed the seai of my oFfies ��g �'•� .�� this Eighth day of August 1985 � r . �N� R. Dan Carleon • �� s ' 2=' / �/ Re is ar �Titl � . _ � � �� - y_ �� , In snd for the unfy f e epin d ale of Minnesofa. FiO�h ty� `� co�,�r� MEMORIAL DEVUTV OF ESTATES, EASEMENTS OR CHARGES ON THE LAND DESCRIBED IN THE CERTIflCATE Of TITtE HERETO ATTACHED. DOCUMHNT KINO Of . DAT[O/ DATE OF RH616TRATION SIGNATURE OF �ns nuM[N7 AMOUNT RVNNIN6 IN FAVOR OF DEVUTY REGISTR�A NUMBER INSTRUMENT Mentn Day v�u Montn Da Yur Me ' . _ — — — —�. � .�_ ..��-- e_�___• e_..i_....- . I 1