NM Limited Title Search Policy Schedule A 36

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NM Limited Title Search Policy Schedule A 36

Form Document
03/28/2006
V 1

New Mexico Superintendent of Insurance withdrew this endorsement by administrative order

SCHEDULE A

Date of Policy

County, State

Borrower

Policy No.

Amount of Insurance:

Name of Insured:

The assurances referred to on the face page are:

A. A document purporting to convey title to the land referred to herein was recorded on __________, at _____ : _____.m, in Book _____ at page _____ (or as Document No. ______ ), records of __________ County, New Mexico, with the grantees named therein being: (List the names of the grantees as set out in the document and attach a copy of the document)

B. Subject to any conflicts in boundary lines, overlaps or encroachments of improvements, or other such discrepancies, the land referred to in this policy is described as follows: (Herein insert legal description, either as set out in the document referred to under Item A of this Schedule A, or as determined to be appropriate for use by the title company)

C. That a search (herein the "Search") for instruments apparently affecting title to the land and recorded in the real estate records of the County Clerk in the county in which the land is located, from the time of the recording of the document referred to under Item A of this Schedule A up to _________, at _____ : _____.m., revealed that only the following instruments were recorded: (Herein list the instruments by name, book and page or document number and attach copies)

THIS IS NOT A LOAN POLICY OF TITLE INSURANCE. IT IS ONLY A POLICY INSURING A LIMITED SEARCH OF CERTAIN REAL ESTATE RECORDS THROUGH A LIMITED PERIOD OF TIME. THIS POLICY DOES NOT PROVIDE ANY ASSURANCE OR INSURANCE WITH REGARD TO, AND THE COMPANY WILL NOT PAY ANY LOSSES, COSTS, EXPENSES OR ATTORNEYS' FEES WHICH ARISE BY REASON OF OR OUT OF, OR RELATED TO:

1. INSTRUMENTS FILED FOR RECORDED WHICH DO NOT CONTAIN A PROPER LEGAL DESCRIPTION OF THE LAND DESCRIBED UNDER ITEM B OF THIS SCHEDULE A AND DO NOT CONTAIN THE NAME OF ONE OF THE GRANTEES IN ITEM A OF THIS SCHEDULE A.

2. THE STATUS OF TAXES OR PUBLIC OR PRIVATE ASSESSMENTS WHICH ARE NOT RECORDED IN THE COUNTY CLERK'S RECORDS IN THE COUNTY WHERE THE LAND IS LOCATED.

3. LACK OF ACCESS TO AND FROM THE LAND.

4. LACK OF TITLE IN THE MORTGAGOR (BORROWER).

5. DEFECTS, LIENS, ENCUMBRANCES, OR OTHER MATTERS NOT RECORDED IN THE COUNTY CLERK'S RECORDS IN THE COUNTY WHERE THE LAND IS LOCATED.

6. DEFECTS, LIENS, ENCUMBRANCES, OR OTHER MATTERS NOT ARISING FROM OR IN CONNECTION WITH LITIGATION WHICH ARE NOT RECORDED IN THE COUNTY CLERK'S RECORDS IN THE COUNTY WHERE THE LAND IS LOCATED.

7. DEFECTS, LIENS, ENCUMBRANCES, OR OTHER MATTERS RECORDED IN THE PUBLIC RECORDS BEFORE THE MORTGAGOR'S DEED RECORDING DATE.

8. DEFENSE OF INSURED IN EVENT OF CLAIM.

NO LIABILITY IS ASSUMED WITH RESPECT TO THE IDENTITY OF ANY PERSON OR ENTITY NAMED OR REFERRED TO IN THIS POLICY, NOR WITH RESPECT TO THE VALIDITY OR LEGAL EFFECT OF ANY INSTRUMENT, DOCUMENT OR MATTER SHOWN IN THIS POLICY.

No guidelines are available for this form at this time.