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Home My WebLink About1992 Title Insurance (2)®Commonwealth® Land Title Insurance Company Commitment For Title Insurance COMMITMENT NUMBER 814 - 845130 COMMONWEALTH LAND TITLE INSURANCE COMPANY, a Pennsylvania corporation, herein called the company, 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, upon payment of the premiums and charges therefor; all subject to the provisions of Schedules A and B 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 Company, 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 120 days after the effective date hereof or when the policy or policies committed for shall be issued, whichever first occurs, provided that the failure to issue such policy or policies is not the fault of the company. In Witness Whereof, the said Company has caused its Corporate Name and Seal to be hereunto affixed; this instrument, including Commitment, Conditions and Stipulations attached, to become valid when countersigned on Schedule A by an Authorized Officer or Agent of the Company. IrAfil COMMONWEALTH LAND TITLE INSURANCE COMPANY Attest: Secret President uy American Land Title Association Commitment - 1966 Face Page Form 1004 -34 ORIGINAL Valid Only If Schedules A, B and Cover Are Attached I Commitment For Title Insurance SCHEDULE A Commitment No.: 814- 845130 Effective Date: April 30, 1992 File Number: P -14622 1. Policy or Policies to be issued: OWNER'S: $ 2,400.00 Proposed Insured: The City of Sebastian, Florida A Municipal Corporation existing under the Laws of Florida LOAN: Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: Bettina Boudrot 3. The land referred to in this Commitment is described as follows: As per attached Exhibit Countersigned: ALTA Commitment - Schedule A Form 1004 -118 Authorized Officer or Agent Valid Only If Face Page, Schedule B and Cover Are Attached ORIGINAL P -14622 LEGAL DESCRIPTION FOR Bettina Boudrot to The City of Sebastian, Florida A parcel of land being the north 2.00 feet of the south 15 feet of Lot 4, Block 3, of Hardee Subdivision, as recorded in Plat Book 4, Page 74, of the Public Records of St. Lucie (now Indian River) County, Florida, being more particularly described as follows: Beginning at the intersection of the east right -of -way line of Indian River Drive (66 foot right -of -way) and the north line of the south 15 feet, of Lot 4, proceed S 870 36' 23" E along said north line a distance of 33.88 feet to a point on the safe upland line (S.U.L., Elev. 0.9 N.G.V.D., located on 7/12/88) of the Indian River; thence S 010 15' 33" E along the S.U.L. a distance of 2.00 feet; thence leaving the S.U.L., N 870 36' 23" W along a line 2.00 feet southerly of (when measured perpendicular) and parallel to the north line of the south 15 feet of Lot 4 a distance of 33.91 feet to a point on aforementioned east right -of -way line of Indian River Drive; thence N 000 26' 42" W along said east right -of -way line a distance of 2.00 feet to the POINT OF BEGINNING. SCHEDULE B - SECTION 1 Commitment No.: 814- 845130 File Number: P -14622 The following are requirements to be complied with: 1. Payment of the full consideration to or for the account of, the grantor's or mortgagors. 2. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 3. Instrument(s) creating the estate or interest to be insured must be approved, executed and filed for record: a. Execute and record Warranty Deed from Owner(s) of record to Proposed Insured(s). b. Execute Owner's Affidavit of no liens. c. Secure payment of the 1992 taxes to closing. ALTA Commitment - 1966 Schedule B - Section I Form 1004 -119 ORIGINAL Commitment No.: 814- 845130 File Number: P -14622 SCHEDULE B- SECTION II EXCEPTIONS Schedule B of policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company: 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 by this commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements, liens or encumbrances, or claims thereof, 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. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year 1992 and taxes or special assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. 8. The nature, extent or existence of riparian and /or littoral rights, if any, appurtenant to the insured land are neither guaranteed nor insured, and the riparian rights of others as the same may affect the said land, are hereby excepted. 9. The right, title, or interest, if any, of the public to use any part of the land seaward and /or lakeward of the most inland of any of the following: a) the natural line of vegetation; b) the most extreme highwater line; c) the bulkhead line; and d) any other line which has been legally established as relating to such public use. 10. The consequences of any claim or determination that any part of the insured land is owned by the State of Florida by right of sovereignty. 11. Any adverse claim to any portion of the insured land which has been created by artificial means or has accreted to any such portion of said land so created. 12. Title to no portion of the insured land below the mean high water mark of any navigable water body is insured. ALTA Commitment - 1966 Schedule B - Part II Form 1004 -120 (Rev. 2 -92) ORIGINAL Commitment For Title Insurance CONDITIONS AND STIPULATIONS 1. The term mortgage, when used herein, shall include deed of trust, trust deed, or other security instrument. 2. If the proposed Insured has or acquires actual knowledge of any defect, lien, encumbrance, adverse claim or other matter affecting the estate or interest or mortgage thereon covered by this Commitment other than those shown in Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim or other matter, the Company at its option may amend Schedule B of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of Insured in the form of policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply with the requirements hereof, or (b) to eliminate exceptions shown in Schedule B, or (c) to acquire or create the estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed for and such liability is subject to the insuring provisions, the Conditions and Stipulations, and the Exclusions from Coverage of the form of policy or policies committed for in favor of the proposed Insured which are hereby incorporated by reference and are made a part of this Commitment except as expressly modified herein. 4. Any action or actions or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are subject to the provisions of this Commitment. American Land Title Association Commitment - 1966 Cover Page Form 1004 -121 Z to rrl m —f 0 M 00 ce co OD jI _ 0 tTl N Oil 0 00 0-4 c \�o 071 m m ?> Z 14 c rFi@ 1-4 z PR Z to rrl m —f 0 M 00 ce co OD jI _ N 0-4 m m ?> Z 14 c rFi@ 1-4 z PR > > Z to rrl m —f 0 M 00 ce OD jI o