Order Details Title Company Information... · Order Details Property Address:115 Howard Street, Ludlow, MA 01056 Assigned Coordinator Details Escrow Officer: Email: [email protected]

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Title Company InformationBay National Title13577 Feather Sound Drive, Ste 250Clearwater, FL 33762Phone: 727-331-8506

Order Details

Property Address:115 Howard Street, Ludlow, MA 01056

Assigned Coordinator DetailsEscrow Officer: Email: [email protected]

Title Officer: Email: [email protected]

Unreleased Mortgage(s)

FC deed not recorded

5,6

Taxes Due

E

mailto:[email protected]

mailto:[email protected]

DISCLAIMER: THE TITLE INFORMATION CONTAINED HEREIN IS SUPPLIES AS A COURTESY ONLY AND IS NOT INTENDED TO SUPPLEMENT OR TO EXTEND THE COVERAGE OF THE UNDERLYING TITLE REPORT. REFERENCE SHOULD BE MADE TO THE TITLE REPORT FOR ALL QUESTIONS CONCERNING THE STATUS OF THE TITLE TO

THE SUBJECT PROPERTY. BAY NATIONAL TITLE CO. ACCEPTS NO LIABILITY FOR THE INFORMATION CONTAINED HEREIN. REFERENCE SHOULD BE MADE TO THE UNDERLYING TSR FOR ALL QUESTIONS CONCERNING TITLE STATUS FOR THE PROPERTY.

ALTA Commitment Form (06-17-06)WFG National Form No. 3151900

COMMITMENT FOR TITLE INSURANCE

Issued by

WFG National Title Insurance Company

WFG National Title Insurance Company, a South Carolina corporation (“Company”), for a valuable consideration, 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 in the land described or referred to in Schedule A, upon payment of the premiums and charges and compliance with the Requirements; all subject to the provisions of Schedules A and B and to the Conditions of this Commitment.

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 by the Company.

All liability and obligation under this Commitment shall cease and terminate ninety (90) days after the Effective Date or when the policy or policies committed for shall issue, whichever first occurs, provided that the failure to issue the policy or policies is not the fault of the Company.

The Company will provide a sample of the policy form upon request.

IN WITNESS WHEREOF, WFG National Title Insurance Company has caused its corporate name and seal to be affixed by its duly authorized officers on the date shown in Schedule A.

WFG NATIONAL TITLE INSURANCE COMPANY

BY:President

ATTEST:Secretary


CONDITIONS

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 acquired actual knowledge of any defect, lien, encumbrance, adverse claim orother matter affecting the estate or interest or mortgage thereon covered by this Commitment other thanthose shown in Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, theCompany shall be relieved from liability for any loss or damage resulting from any act of reliance hereon tothe extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shalldisclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of anysuch defect, lien, encumbrance, adverse claim or other matter, the Company at its option may amendSchedule B of this Commitment accordingly, but such amendment shall not relieve the Company from liabilitypreviously incurred pursuant to paragraph 3 of these Conditions.

3. Liability of the Company under this Commitment shall be only to the named proposed Insured and suchparties included under the definition of Insured in the form of policy or policies committed for and only foractual 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 ormortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated inSchedule A for the policy or policies committed for and such liability is subject to the insuring provisions andConditions and the Exclusions from Coverage of the form of policy or policies committed for in favor of theproposed Insured which are hereby incorporated by reference and are made a part of this Commitmentexcept as expressly modified herein.

4. This Commitment is a contract to issue one or more title insurance policies and is not an abstract of title or areport of the condition of title. Any action or actions or rights of action that the proposed Insured may have ormay bring against the Company arising out of the status of the title to the estate or interest or the status of themortgage thereon covered by this Commitment must be based on and are subject to the provisions of thisCommitment.

5. The policy to be issued contains an arbitration clause. All arbitrable matters when the Amount of Insurance is$2,000,000 or less shall be arbitrated at the option of either the Company or the Insured as the exclusiveremedy of the parties. You may review a copy of the arbitration rules at< http://www.alta.org/>.

http://www.alta.org/


SCHEDULE AALTA COMMITMENT

Effective Date: September 15, 2017 8:00AM

1. Policy or Policies to be issued:

(a) A.L.T.A. Owner's Policy (ALTA form 6/17/06) Amount of Policy:

Proposed Insured: Proposed Insured Owner(s)

(b) A.L.T.A. Loan Policy (ALTA form 6/17/06) Amount of Policy:

Proposed Insured:

2. The estate or interest in the land described or referred to in this Commitment and covered herein isan estate or interest designated as follows:

FEE SIMPLE

3. Title to the estate or interest in the land described or referred to in this Commitment and covered herein(and designated as indicated in No. 2 above) is, at the effective date hereof, vested in.

4. The land referred to in this Commitment is in the State of Massachusetts, County of Hampden,and described as follows:

SEE ATTACHED EXHIBIT “A”

By: Bay National Title Company

________________________________ Authorized Signatory13577 Feather Sound Drive, Ste. 250Clearwater, FL 33762

EXHIBIT “A”

Two parcels of land in Ludlow, Hampden County, Massachusetts, with the buildings thereon bounded and described as follows:

First Parcel:

Beginning at an iron bar in the Northerly side of Howard Street, said iron bar being distant Easterly, two hundred six (206) feet from a point at the intersection of the Northerly side line of Sewall Street; thence running

Northerly one hundred (100) feet to an iron bar, thence turning an angle of 90° and running

Easterly fifty (50) feet to an iron bar, thence turning an angle of 90° and running

Southerly one hundred (100) feet to an iron bar at the Northerly side line of Howard Street; thence turning an angle of 90° and running

Westerly along the aforesaid street line, fifty (50) feet to the point of beginning; the last described line forming an angle of 90° with the line first described.

Containing 5,000 square feet.

Second Parcel:

Beginning at an iron pin at the Northeast corner of the first parcel herein described, said pin also being the westerly line of land now or formerly of one Jensen; thence running

Northerly in a continuation of the Easterly line of the first parcel herein described and along land now or formerly of said Jensen, one hundred (100) feet to an iron pin; thence turning an angle of 90° and running

Westerly along land now or formerly of the Ludlow Manufacturing Associates, fifty (50) feet to an iron pin at the Northeast corner of land now or formerly of one Pillion; thence running

Southerly along land now or formerly of said Pillion and in a continuation of the Westerly line of the first parcel herein described, one hundred (100) feet to an iron pin at the Northwest corner of the first parcel herein described; thence turning an angle of 90° and running

Easterly along the Northerly line of the first parcel herein described, fifty (50) feet to the point of beginning, the first and last described courses forming an angle of 90°

Containing 5, 000 square feet of land.

NOTE: The information below is provided for informational purposes only. The Company will not pay loss, damage, attorney's fees and/or costs due a claim this information is inaccurate.

Property Address: 115 Howard Street and Howard Street, Ludlow, MA, 01056

Parcel ID: 15A-0-7450-00023 & 15A-0-7450-00024



Commonly known as: 115 Howard Street, Ludlow, MA 01056

The property address and tax parcel identification number listed are provided solely for informational purposes, without warranty as to accuracy or completeness and are not hereby insured.


SCHEDULE B-IALTA COMMITMENT

Requirements

1. Pay and/or disburse the agreed amounts for the interest in the land and/or the mortgage to be insured.

2. Pay us the premiums, fees and charges for the policy.

3. Pay all taxes and/or assessments, levied and assessed against the land which are due and payable.

4. Instrument(s) creating the estate or interest to be insured must be properly executed, delivered and filed forrecord.

a. Warranty Deed or Special Warranty Deed to be executed by the duly authorized representative of toProposed Insured Owner(s), conveying the property as described in Schedule A of this Commitment. Inthe event the conveyance of title to the proposed insured is to be made by any entity other than theforegoing named Grantor or is to be made through use of any other deed format other than a WarrantyDeed or Special Warranty Deed as herein required or the deed contains an exception for any CodeEnforcement Lien(s), Company must be notified and thereupon this Commitment will be revised to requirethe release of the land described in Schedule A from any cross-attaching Code Enforcement Liensattaching to said land.

NOTE: If the property is homestead property, the spouse of said party must join in the execution of thedeed. If the individual(s) in title are unmarried, then indicate this on the deed. If the property is nothomestead, then a statement to that effect must be reflected on the deed.

B. Mortgage from TBD to TBD.

NOTE: If the property is homestead property, the spouse of said party must join in the execution of the mortgage. If the individual(s) in title are unmarried, then indicate this on the mortgage. If the property is not homestead, then a statement to that effect must be reflected on the mortgage.

5. Secure and record a Satisfaction of Mortgage made by Borrower in favor of Secretary of the U.S. Department of Housing and Urban Development, in the original principal amount of $51,638.40, recorded on 09/11/2014, in Official Records Book 20422, page 147.

6. Secure and record a Satisfaction of Mortgage made by Borrower, in favor of Mortgage Electronic Registration Systems, Inc., as nominee for Mortgage Master, Inc., in the original principal amount of $181,649.00, recorded on 03/31/2010, in Official Records Book 18239, page 45, which Mortgage is now held by JP Morgan Chase Bank, National Association, by virtue of Assignment of Mortgage recorded10/21/2014 in Official Records Book 20468, page 505, which has been modified by Mortgage Modification recorded 10/21/2014 in Official Records Book 20468, page 508.

Order of Notice recorded 09/08/2016 in Official Records Book 21347, page 43.Certification recorded 04/13/2017 in Official Records Book 21639, page 228.

7. Proof of payment of any outstanding assessments in favor of Hampden County, Massachusetts, any specialtaxing district and any municipality.

NOTE: If this requirement is not satisfied the following exception will appear on Schedule B: Any outstandingassessments in favor of Hampden County, Massachusetts, any special taxing district and any municipality.

8. Proof of payment of service charges for water, sewer, waste and gas, if any, through the date of closing.

NOTE: If this requirement is not met the following exception will appear on Schedule B: Any lien provided for byMassachusetts Statutes in favor of any city, town, village or port authority for unpaid service charges for serviceby any water, sewer, waste or gas system supplying the insured land or service facilities.

https://clients.bntc.com/DownloadDocument.aspx?DocumentID=3035444



9. No liability is incurred by this Commitment until the Proposed Insured Owner has been disclosed to this Company, and/or its policy issuing agent herein. Once the Buyer(s) names have been disclosed, this Report can be completed and may be redrafted to deal with the effect of any documents, proceedings, liens, decrees, or other matters, if any, relating to said Buyer(s), which may affect the title to or impose liens or encumbrances on the Insured Land. The Company reserves the right to make additional requirements, or exceptions, should any additional facts or information be disclosed by the compliance with the preceding requirement.

10. When the Company has been provided the amount of the full insurable value of the land, and the Company has agreed to that value, Schedule A will be amended accordingly.

NOTE: An owner’s policy, insuring an estate or interest in the subject property herein, will not be issued for less than full value of the subject property.

11. The amount of insurance of the proposed Policy is limited to $1,000.00. The total liability of the Company under this commitment shall not exceed that amount, unless and until another amount of insurance of the Policy to be issued is agreed upon and the Company’s applicable insurance charges are paid. The Company requires satisfactory evidence of the loan, actual value, or sales price, of the estate or interest to be insured. If the Company approves that amount, it may be entered as the amount of insurance of the proposed Policy to be issued.

12. Obtain a sworn affidavit by the current owner(s), certifying that there are no liens against the insured land other than as disclosed by this commitment; that there are no outstanding or pending claims against the affiant that may constitute the basis for a lien against the insured land; that other than as disclosed by this commitment there are no matters which constitute defects in affiants' title to the insured land; and that there are no matters existing at this date which would adversely affect the ability of the affiant to convey and/or mortgage the insured land.

13. Furnish Company with an Affidavit satisfactory thereto executed by owner, or its agent, that there are no parties in possession of the land described in Schedule A and that there are no claims to any rights of possession or any lease affecting said land known to exist. Said Affidavit must be based on the actual knowledge of the Affiant after their due investigation and inquiry and not merely to the best of their knowledge and belief. In lieu of such owner's Affidavit, Company will accept a similar affidavit from the buyer proposed to be insured hereunder.

14. Immediately prior to disbursement of the closing proceeds, the search of the public records must be continued from the effective date hereof. The Company reserves the right to raise such further exceptions and requirements as an examination of the information revealed by such search requires, provided, however, that such exceptions or requirements shall not relieve the Company from its liability under this Commitment arising from the matters which would be revealed by such search, to the extent that Company, or its Agent countersigning this Commitment, has disbursed said proceeds.

NOTE: All recording references in this commitment/policy shall refer to the public records of Hampden County, Massachusetts, unless otherwise noted.

NOTE: Any matters listed as requirements on Schedule B-I above that are not resolved to the satisfaction of Company will be shown as an exception on final policy.

NOTE: The Company reserves the right to make further requirements and/or exceptions upon its review of the proposed documents creating the estate or interest to be insured or otherwise ascertaining details of the transaction.

15. Proof of payment, satisfactory to the Company, of the second installment of taxes for the year 2018 in the gross amount of $663.84 under Tax Folio Number.

NOTE: This commitment is subject to review of a tax statement or report prior to closing. Upon review of the tax statement or report, the Company reserves the right to make additional requirements and/or exceptions based on the findings.


SCHEDULE B-IIALTA COMMITMENT

Exceptions

Schedule B 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 Company:

1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the publicrecords or attaching subsequent to the effective date hereof but prior to the date the Proposed Insured acquiresfor 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 or claims of easements not shown by the public records.

4. Any encroachment, encumbrance, violation, or adverse circumstance affecting the title that would be disclosed byan accurate and complete land survey of the land. The term "encroachment" includes encroachments of existingimprovements located on the land onto adjoining land, and encroachments on the land of existing improvementslocated on adjoining land.

5. Any lien or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and notshown by the public records.

6. Any adverse ownership claim by right of sovereignty to any portion of the lands insured hereunder, includingsubmerged, filled and artificially exposed lands and lands accreted to such lands.

7. Minerals of whatsoever kind, subsurface and surface substances, including but not limited to coal, lignite, oil, gas,uranium, clay, rock, sand and gravel in, on, under and that may be produced from the Land, together with allrights, privileges, and immunities relating thereto, whether or not appearing in the Public Records or listed inSchedule B. The Company makes no representation as to the present ownership of any such interests. Theremay be leases, grants, exceptions or reservations of interests that are not listed.

8. Taxes for the year 2017 and subsequent years which are not yet due and payable.

9. Declaration of Homestead recorded 03/31/2010 in Official Records Book 18239, page 54.

10. This policy excludes all loss or damage, including attorney's fees and costs, arising or resulting from unpaidmunicipality charges, including but not limited to those for gas, water or sewer, and for liens resulting fromviolations or alleged violations of statutes, ordinances, codes and/or regulations including, but not limited to,charges for summary abatement, rubbish removal, grass cutting, tree removal and board-up. The proposedinsured is cautioned to obtain the current status of these charges, if any.

NOTE: All recording references in this commitment/policy shall refer to the public records of Hampden County,Massachusetts, unless otherwise noted. Any reference herein to a Book and Page or Instrument Number is areference to the Official Record Books of said county, unless indicated to the contrary.

NOTES FOR INFORMATION PURPOSES ONLY:

(a) Items 2 and 5 of Schedule "B-II" of this Commitment will be deleted from any policies issued pursuant thereto,upon the Company's review and acceptance of an Affidavit of Possession and No Liens, and the Company'sreview of the potential exposure of construction liens. The Company reserves the right to exclude from coveragematters disclosed by the Affidavit or discovered in the Company's review of the potential exposure for constructionliens and to make such additional requirements as it may deem necessary.

(b) Items 3 and 4 of Schedule "B-II" of this Commitment will be deleted from any policies issued pursuant thereto,







upon being provided a survey meeting the company's requirements. If such survey reveals any encroachments, overlaps, boundary line issues or other adverse matters, they will appear as exceptions in any policies to be issued based upon this commitment.

(c) All of the recording information contained herein refers to the Public Records of the County and Statecontained within the legal description on Schedule A, unless otherwise indicated. Any reference herein to a Bookand Page is a reference to the Official Record Books of said county, unless indicated to the contrary.

(d) As to all restrictions set forth above, the following is added: “but omitting any covenant or restriction based onrace, color, religion, sex, handicap, familial status or national origin, unless and only to the extent that saidcovenant(s): (a) is/are exempt under Chapter 42, Section 3607 of the United States Code; or (b) relates to ahandicap, but does not discriminate against handicapped persons.”

(e) A search commencing with the effective date hereof will be performed prior to closing this transaction. If thissearch reveals an objection or title defect, an endorsement will be issued requiring that said objection or defect becleared before closing.

(f) Please be advised that the insured hereunder may present inquiries, obtain information about coverage, orreceive assistance in resolving complaints, by contacting WFG National Title Insurance Company, 340 OswegoPointe Drive, Lake Oswego, OR 97834 Telephone number (800-334-8885)


CHAIN OF TITLE

Deed Type: Quit Claim DeedDated: May 7, 2013Recorded Date: May 8, 2013Consideration: $-100.00Book: 19810Page: 25

TAX INFORMATION

Tax Year: 2018Tax Type: City/Town/BoroughTaxing Entity: Town of Ludlow Tax Collector

First Installment: $663.84First Installment Status: Paid

Second Installment: $663.84Second Installment Status: DueSecond Installment Due/Paid Date: November 1, 2017

Documents

Order Details Title Company Information... · Order Details Property Address:115 Howard Street, Ludlow, MA 01056 Assigned Coordinator Details Escrow Officer: Email: [email protected]