HomeMy Public PortalAboutLand Title Insurance - Parks & Rec - Missouri Highways & Transportation Commission ,SN5URq0
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YOUR SEAL OF ASSURANCE
TITLE INSURANCE COMMITMENT
ISSUED BY
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AGREEMENT TO ISSUE POLICY
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We agree to issue a policy to you according to the terms of this Commitment.When we show the policy amount
and your name as the proposed insured in Schedule A, this Commitment becomes effective as of the Commitment
Date shown in Schedule A.
If the Requirements shown in this Commitment have not been met within six(6) months after the Commitment
Date, our obligation under this Commitment will end. Also, our obligation under this Commitment will end when the
Policy is issued and then our obligation to you will be under the Policy.
Our obligation under this Commitment is limited by the following:
The Provisions in Schedule A.
The Requirements in Schedule B-I.
The Exceptions in Schedule B-II.
The Conditions on the inside back cover.
This Commitment is not valid without SCHEDULE A and Sections I and II of SCHEDULE B.
pnb ('rifle �nsuranre Qlampung of $t. T=is has caused this Commitment to be signed by its authorized officers
and the Commitment will become valid when countersigned by an authorized signatory as of Commitment Date shown
in Schedule A.
couNT SIGNED: ttttb title �Instzrttnte (ILumttn of #. ' iuuis
B BY:
AUTHORI ED SIGNA RY
PRESIDENT
ATTEST
VICE PRESIDENT
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IT Form 1601 (1-93)
ALTA Commitment-1982
Commitment For Title Insurance
issued by
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EST.1880
OF ST. LOV\S
YOUR SEAL OF ASSURANCE
CONDITIONS'
1. DEFINITIONS
(a)"Mortgage"means mortgage,deed of trust or other security instrument,(b)"Public Records"means title records
that give constructive notice of matters affecting your title—according to the state statutes where your land is located.
2. LATER DEFECTS
The Exceptions in Schedule B-Section II may be amended to show any defects,liens or encumbrances that appear
for the first time in the public records or are created or attach between the Commitment Date and the date on which
all of the Requirements(a) and (c) of Schedule B- Section I are met. We shall have no liability to you because of
this amendment.
3. EXISTING DEFECTS
If any defects, liens or encumbrances existing at Commitment Date are not shown in Schedule B, we may amend
Schedule B to show them. If we do amend Schedule B to show these defects; liens or encumbrances, we shall be
Mable to you according to Paragraph 4 below unless you knew of this information and did not tell us about it in writing.
4 LIMITATION OF OUR LIABILITY
Our only obligation is to issue to you the Policy referred to in this Commitment,when you have met its Requirements.
If we have any liability to you for any loss you incur because of an error in this Commitment,our liability will be limited
to your actual loss caused by your relying on this Commitment when you acted in good faith to:
Comply with the Requirements shown in Schedule B - Section I
or
Eliminate with our written consent any Exceptions shown in Schedule B - Section II
We shall not be liable for more than the Policy Amount shown in Schedule A of this Commitment and our liability
is subject to the terms of the Policy form to be issued to you
5. CLAIMS MUST BE BASED ON THIS COMMITMENT
Any claim,whether or not based on negligence,which you may have against us concerning the title to the land
must be based on this Commitment and is subject to its terms.
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LAND TITLE INSURANCE COMPANY OF ST.LOUIS
Authorized agent:
GUARANTY LAND TITLE INSURANCE, INC.
2013 W1IliamS Street, Suite B
Jefferson City,Missouri 65109
PH:(314)636-8388 FAX:(314)636-8835
COMMITMENT FOR TITLE INSURANCE SCHEDULE A FILE NO:J9511001
Effective Date: November 1, 1995 @ 8:00 a.m.
1. Policy or Policies to be issued: Amount of Policy
ALTA OWNER'S POLICY(10-17-92): $259025.00
Proposed Insured:
JEFF CITY PARKS & RECREATION COMMISSION
ALTA LOAN POLICY(10-17-92): $0
Proposed Insured:
2. The estate or interest in the land described or referred to in this commitment is a FEE SIMPLE (if other,
specify same)and title thereto is at the effective date hereof vested in:
MISSOURI HIGHWAY AND TRANSPORTATION COMIVIISSION
3. The land referred to in this commitment is described as follows:
All that part of a tract of land as described in Book 190, Page 518, of the Cole County
Recorder's Office, excepting therefrom two (2) parcels as described first and secondly in
Book 317, Page 996, of the Cole County Recorder's Office; said tract being situated in
the Southeast Quarter (SEI/4) of the Northeast Quarter (NEI/4) of Section Twenty-four
(24), Township Forty-four (44) North, Range Twelve (12) West, in the City of Jefferson,
County of Cole, Missouri; being more particularly described as follows;
Beginning as the Southeast corner of the Southeast Quarter (SEI/4) of the Northeast
Quarter (NEI/4) of said Section 24, said corner being the most southerly corner of the
afgementioned parcel described first in said Book 317, Page 996; thence North
29 23'43" West along the southwesterly line of said parcel, 245.00 feet to the most
westerly corner thereof; thence North 32015121" East, along the northwesterly line of
said parcel, 290.00 feet to the most northelry corner thereof, said corner being on the
East line of said Section 24 and 460.00 feet North of the aforementioned Southeast corner
of the Southeastb Quarter (SEI/4) of the Northeast Quarter (NE1/4) of said Section 24;
thence North 04 18'13" East along the said East line of Section 24, 796.07 feet to a point
on the South right-of-way line of Ellis OR oulevard; thence leaving the East line of said
Section 24 and on a bearing of North 81 05'00" West along the South right-of-way line of
said Ellis Boulevard, 785.69 feet; thence leaving said South right-of-way line on a bearing
This Commitment Valid Only When Schedule B Attached
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of South $4027'34" West, 65.46 feet; thence North M053'09" East, 122.55 feet; thence
South 32 03149" West, 164.69 feet; thence North§1 05123" West, 119.79 feet; thence
South 00047950" West, 114.65 feet; thence South 78 50'35" West, 505.36 feet to the West
line of the said Southeast Qugrter (SE1/4) of the Northeast Quarter (NEI/4) of said
Section 24; thence South 03 27124" West along the said West line of said Quarter
Quarter Section, 605.55 feet to a point 223.08 feet North of the Southwest corner of said
Quarter Quarter Section, said point being on the North line of a parcel as described in
"Book 158, Page 94, of the Cole County Recorder's Office; thence leaving the said West
line of said Quarter Quarter SEction on a bearing of south 86 47'26" East and along the
North line of said parcel in Book 158, Page 94, 240.0 feet to the Southwest corner of the
parcel secondly described in aforementioned Book 317, Page 996; thence along the
perimeter of said p0arcel secondly described in said B000k 317, Page 996, the following
coiArses: North 10 17'26" West, 70.000 feet; North 20 42'34", East, 90.� feet; North
01"47'26" West, M100 feet; North 30 17126" West, 90.0 feet; South 80 17'26" East,
80 0 feet; North 39 12134" East, 85 00 feet; South 03017'2611 East, 140.$0 feet; South
78617'26" East, 25.0 feet; South 26817'26" East, 125.80 feet; South 11017'26" East,
95.00 feet; South 33050'38" East, 50.00 feet; South 02 50149" East, 95.00 feet to the
Southeast corner of said parcel secondly description in said Book 317, Page 996, said
Southeast corner being South 86047126" East, 240.00 feet from the aforementioned
Southwest corner of said parcel and on the Nod th line of said parcel in aforementioned
Book 158, Page 94; thence continuing South 86 47126" East, 186.95 feet to the Northeast
corner of said parcel in Bok 158, Page 94; thence thereof, said Southeast corner bieng on
teh South line of said Southeast Quarter (SEI/4) of the Northeast Quarter (NEI/4) of
said Section 24; thence South 86040'48" East, along said South line, 676.78 feet to the
POINT OF BEGINNING, Cole County, Missouri.
Authorized Agent
LAND TITLE INS CE OMPAW OF St. LOUIS
This Commitment Valid Only When Schedule B Attached
COMMIM ENT FOR TITLE INSURANCE SCHEDULE Bl FILE NO:J9511001
I. The-following are the requirements to be complied with:
1. Payment of the full consideration to, or for the account of, the grantors or mortgagors.
2.Instruments creating the estate or interest to be insured which must be executed, delivered and filed for record:
a. WARRANTY DEED must be executed by MISSOURI HIGHWAY AND
TRANSPORTATION COMMISSION to JEFF CITY PARKS & RECREATION
COMNIISSION and properly recorded.
3. Additional requirements to be complied with:
a. Payment in full of all title insurance charges, the charges for the policy proposed
herein will not increase provided that the amount of insurance does not exceed the
amount shown in schedule A.
NOTE: We provide the following tax information for informational purposes only.
1994 taxes are shown as exempt.
Parcel ID No. 10-06-24-0001-002-001
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COMMITMENT FOR TITLE INSURANCE SCHEDULE BU FILE NO:J9511001
11. Schedule B of the policy or policies or guarantee to be issued will contain exceptions to the following matters
unless the same are disposed of to the satisfaction of company:
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1. 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.bythis commitment.
2. Taxes for the year of the effective date of this policy or guarantee and taxes or
special assessments which are not shown as existing liens by the public records.
3. Rights or claims of parties in possession not shown by the public records
4. Encroachments, overlaps, boundary line disputes, and any other matters which
would be disclosed by an accurate survey and inspection of the premises.
5. Easements or claims of easements not shown by the public records.
6. Any lien, or right to lien, for services, labor, or material heretofore or hereafter
furnished, imposed by law and not shown by the public records.
7. All general taxes due and payable in the year 1995 and thereafter, and any special
assessments becoming alien after the date hereof, and any and all charges, fees or
assessments which may be due from any fire, water, levee, electric or sewer district or
cooperative and any Home Owners Association in which subject property may be
situated, there are none now due and payable.
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