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HomeMy WebLinkAboutTitle 24 tj Delivered with and printed on this Commitment acket is the Closing Protection Letter promulgated uudt'r Rule 4-1S6,010, F.A.C. COMMITMENT AND CLOSING PROTECTION LETTER Attorneys' Title Insurance Fund, Inc. k ORLANDO, FLORIDA Commitment To Insure Title ATTORNEYS' TITLE INSURANCE FUND, INC., a Florida corporation, herein called THE FUND, for a valuable consideration, hereby commits to issue its policy or policies of title insurance, as identified in Schedule A, in favor of the proposed Insured named in Schedule A, as owner or mortgagee of the estate or interest covered hereby in the land described or referred to in Schedule A; subject to the provisions of Schedules A and 13 and to the Conditions and Stipulations hereof. This Commitment shall be effective only when the identity of the proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A hereof by THE FUND, either at the time of the issuance of this Commitment or by subsequent endorsement. This Commitment is preliminary to the issuance of such policy or policies of title insurance and all liability and obligations hereunder shall cease and terminate six months after the effective date hereof or when the policy or policies committed for shall issue, whichever first occurs, provided that the failure to issue such policy or policies is not the fault of TI-IE FUND. In Witness Whereof, ATTORNEYS' TITLE INSURANCE FUND, INC. has caused this Commitment to be signed and sealed as of the effective date of Commitment shown in Schedule A, the Commitment to become valid when countersigned by an authorized signatory. SEQ o: AL ' i Attorneys' Title Insurance Fund, Inc. By Charles J. Kovaleski President 'SERIAL CF- 0735769 s [41 :i FUND FORM CF (rev. 5/99) Commitment No.: CF-735769 rtttetcys 1 /Ilt' rune, Ing COMMITMENT FORM Schedule A Effective Date: Agent's File Reference: January 28, 2002 @ 11:00 PM City franzus The coverages provided by the Closing Protection Letter printed on the inside cover of this commitment are extended to the proposed insured(s) identified below. t. Policy or Policies to be issued: Proposed Amount of Insurance: OWNER'S: ALTA Owner's Policy (10/17/92). (If other, specify.) $9,400.00 Proposed Insured: City of Miami, a municipal corporation of the State of Florida MORTGAGEE: ALTA Loan Policy (10/17/92). (If other, specify.) Proposed Insured: 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: !Wry Franzus and Selma Franzus, his wife 3. The land referred to in this commitment is described as follows: Lot 9, [31ock 9, ORANGE FIEIGHTS, Plat Book 14, Page 62, of the Public Records of Miami -Dade County, Florida. Issuing Agent: Frances Blissett, P.A. 16211 N.E. 18 Avenue N. Miami Beach, FL 33162 .\\ Agent No.: 20099 Agent's Signature Frances Blissett, Esq. Attorney at Law Forni C!•'-SCII. A (rev. 1/98) DoubteTime® Att•eys' Title Insurance Fund, In. COMMITMENT FORM Schedule B-I Commitment No.: Agent's File Reference: CF-735769 City franzus I. The following are the requirements to be complied with: Payment of the full consideration to, or for the account of, the grantors or mortgagors. Instruments creating the estate or interest to he insured which must he executed, delivered and filed for record: A. Warranty Deed from Harry Franztis and Selma Franzus, his wife, individually and as Trustee of the unrecorded Barry Franzus Revocable Trust Agreement dated September 8, 1995 for the Benefit of Harry Franzus, to City of Miami, a municipal corporation of'the State of Florida. 3. Seller's No -Lien, GAP and FIRPTA Affidavit. 4. Proof of payment of water, sewer and gas bills, if any. 5. Proof that the Trust allows !tarry Franzus to dispose oldie property. Form C -SC II. n-1 (rev. 3/94) DoubleTime® 4. AtIWheys' l the Insurance Fund, Ina: COMMITMENT FORM Schedule i3-II Commitment No.: Agent's File Reference: CF-735769 City franzus I1. Schedule 13 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 Underwriter: I. 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. ?. Any owner and mortgagee policies issued pursuant hereto will contain under Schedule 13 the standard exceptions set forth at the inside cover hereof unless an affidavit of possession and a satisfactory current survey are submitted, an inspection of the premises is made, it is determined the current year's taxes or special assessments have been paid, and it is determined there is nothing of record which would give rise to construction liens which could take priority over the interest(s) insured hereunder (where the liens would otherwise take priority, submission of waivers is necessary). 3. Any owner policy issued pursuant hereto will contain under Schedule 13 the following exception: Any adverse ownership claim by the State of Florida by right ol'sovereignty to any portion of the lands insured hereunder, including submerged, filled and artificially exposed lads, and lands accreted to such lands. 4. The lien of all taxes for the year 2002 and thereafter, which are not yet due and payable. 5. This policy does not guarantee or insure title to or any interest in personal property. 6. Restrictions, reservations, easements, covenants, conditions, limitations, dedications and agreements that may be contained of record against subject property, including but not limited to all matters as shown in Plat of Orange Heights, recorded in Plat Book 14, Page 62, of the Public Records of Miami -Dade County, Florida. Form C-SCII. 8-11 (rev. 5/91) DoubleTime®