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Home My WebLink AboutTitle opinion , , ��5� �p�� ,,,.� �� C�P ��,p.`�'�S4 ��„��"�� SPENCER G. KLUEGEL /�Q�R� ��;.�`�' ATTORNEY AT LAW ��P�Q J� ��o•�' 17751 BRECONWOOD ROAD PNONE:(GI'_)473-1630 � �,��C�� WAY'/.ATA,MN 55391 FAX:(612)473-9398 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: I 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. 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. 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 ��, �� , ��, � ' ��`�a �e ,,i ..,.W.:.-:,,; ♦ � 1 �' 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 $a50,000.00, said r�ortgage being dated November 21, 19g7 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 $4,083.2a have nat been paid. Said tax was based upon a homestead classification under Property I.D. No. 08-117-23-23- 0005. 4. The standard title exceptions set forth on the following page. Ve ruly yours, ;� �� , Spencer G. Kluegel a _ ` • Q�C�P�,�S� � ��,P`t'�S P,,,w�'��°� SPENCER G. KLUEGEL '` ATTORNEY AT LAW R�e�R� °•'�`°�� R�P�,4 J�y�,o��' 17751 BRECONWOOD ROAD PHONE:(612)473-163U `_��C�� WAYZATA,MN 55391 FAX:(612)473-9398 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. �_ ! � N . . , 1 2. A mortgage running in favor of G. U. Mortgage Services, Inc., a Minnesota corporation, in the original principal amount of $460,000.00, said mortgage being dated October 21, 1997 and filed of record November 18, 1997 as Document No. 2862272. 3. The real estate taxes in the amount of$5,974.�8 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 � . 1 , � / f � - � - - . � ... .. .. 'I . ... . . . � . II HC1030 CERTIFICATE OF TITLE �� y N O. 667614 DISTRICT COURT No.(s) 17406 n� � `��O� � Transfer from No. 495015 Originally registered the 31st day of July . A. D. 1973 Volume 1640 Page 495015 STATE or Mir�EsoT�, REGISTRATION COUNTI` of HElINEPIN. I Thisis to certify that C. Aouglas Holcombe and Marilyn J. Holcom6e as �oint tenants of 1040 Loma Linda Drive, City of Orono, County of Hennepin, State of Minnesota are now the owner(s) of an estate in fee simple of and in the following described land situated in the County of Hennepin and State of Minnesota, to wit: That part of Lot 36 including the accretions thereto, "Loma Linda" lying Easterly and Southerly of the following described line: Beginning at a point on the South line of said Lot 36 distant 200 feet East from the Southwest corner of said Lot 36; thence North at a right angla to said South line a distance of 106 feet; thence Northeasterly deflecting to tt�e right 58 degrees 00 minutes to the South line of the North 40 feet of said Lot 36; thence East along the last mentioned South line a distance of 157 feet; thence Northeasterly, deflecting to the left 70 degrees 00 minutes to the shore of I.ake Minnetonka and there terminatinR, said Lot 36 being established by ,judgment entered in Hennepin County District Court Case Number 449127 and recorded in Book 550 of Miscellaneous Records, page 410. Subject to an easement for the benefit of Lot 4, "Loma Linda" as contained in Book 2197 of Deeds, page 382, Document No. 3156554 over [hat part of [he above described land located within the following description: 8eginning at the most fdesterly corner of said Lot 4; thence Easterly on ihe Northerly line of said Lot 4 a distance of 26.88 feet; thence Southerl}� [o the point of intersection of the Northerly line of Loma Linda Avenue wi[h the Southwesterly line of said Lot 4; thence Westerly on the Northerly line of Loma Linda Avenue 26.88 feet; thence Northerly to the point of beginning; Subject to an easement for utility purposea granted to Northern States Power Company filed in [he ofFice of [he Register of Deeds of Flennepin County, Minnesota as Doc. No. 4023453; Subject to the encumbrances, liens and interest noted by the memorial underwrilten or endorsed hereon; and subject to the following rights or encunebrances subsisting, as �rovided in the twenty-fourth section of"An act concerning the registration of land and the title thereto" of the General laws of the State of Minnesofa for the year 1905, and the amendments thereof, namely: 1. llens,claims or righf�ari�(ny undar the laws or the conctifut(on of the United Statos,which the sfatutes of this stafe ca�hot req�tre fo appear of r�cord. 4. Tha lien of any real prop�rty tax or special asse�sm�nf for which the land has�ot bae�sold at the dafr of the certificate oF tille. 3. Any lease for a peried not exceadEnp Ih�ee yenn,when fhwre ie actuol nca�ontion oF�hw prwmisws undwr Ihe I�asn 4. All rights in public highways upon the lond. 5. Such rfght of app�al or righf to appear and conta�f fhe applicatfon aa Is allowad by law. 6. The right�of any parson ln possestion undsr dead or confract for deed from tho owner of Iha cartiflcale of litla. i 7. Any outstandi�g mechanica lien rights which may exlst under�ect(ons 514.01 to 514.17. � i That the said C. Do�glas Holcombe and Marilyn .T. Holcombe are of the ages of 50 S 39 years respectively, are married to � each o[her and are under no disability. � �,�a�y�°�',"�p"�,�v, IN WITNESS WHEREOF, 1 h�vo he�eunto :ubtcribed my name and affixed the seal of my office I �o`yS P T�N,� � o V�. ��q��o. �'�ii� 1�115 �, Eighth day of pugust 1985 Q � `�.�^� I -� N� R. Dan Carlson � • a�. ''� _ I _ ' 2-'- / � / � Re ist ar �Tid i �` ?� � � � ( � b�y _ ��,t` � In and for the unty f Me epin d �ate of Minnesofa. `�i�i``�'°� y fia`� B�c� �N N��J'� `�Y—�Y MN�O,�saw�� MEMORIAL �EPUTY OF ESTATES, EASEMENTS OR CHARGES ON THE LAND DESCRIBED IN THE CERTIFICATE OF TITLE HERETO ATTACHED. DOCUMENT KIND OF D�7E oF DATE OF REGIBTRATION SIGNATURE OF INSTRUMENT AMOUNT RUNNING IN FAVOR OF NUMBER INSTRVMENT M th O y v M eh � y v H � DEPUTY REGISTRAR �—._. ._. . -�_ --, .—_ _ ^ _ . I I _�� I � -1: �in Citv Federal SavinRs � � �