Breaks In the Chain
Underwriting Manuals
Standard Exceptions
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Table of Contents
BRE
Breaks In the Chain
If a portion of the land is apparently owned or claimed by a third party, do a complete examination of that claim for liens, taxes and conveyances.
Requirements
BRER01
STG
12/01/1995
V
2
Adverse Claim to Part of the Land – Requirement
The public records indicate that a portion of the land is vested in or claimed by __________ by virtue of instrument recorded _______________. The Company requires for its review a satisfactory deed executed by ________________ to _________, conveying said portion of the land. At that time, the Company may make additional requirements or exceptions.
Comment: If a portion of the land is apparently owned or claimed by a third party, the Company requires a complete examination of that claim for liens, taxes and conveyances.
Comment: If a portion of the land is apparently owned or claimed by a third party, the Company requires a complete examination of that claim for liens, taxes and conveyances.
See Underwriting Manual
BRER02
STG
12/01/1995
V
2
Liens on Adversely Claimed Part of the Land
The Company also requires for its review a satisfactory release of the following liens and encumbrances against the above described portion of the land:
Comment: If a portion of the land is apparently owned or claimed by a third party, the Company requires a complete examination of that claim for liens, taxes and conveyances.
Comment: If a portion of the land is apparently owned or claimed by a third party, the Company requires a complete examination of that claim for liens, taxes and conveyances.
See Underwriting Manual
BRER03
STG
12/01/1995
V
2
Possible Retroactive Taxes to Part of the Land
Possible retroactive taxes and assessments against the following part of the land:
Comment: If a part of the land is separately claimed and is not taxed, or is not included in the land description on the tax rolls, the Company requires this exception unless all such possible taxes are paid.
Comment: If a part of the land is separately claimed and is not taxed, or is not included in the land description on the tax rolls, the Company requires this exception unless all such possible taxes are paid.