IN Foreclosure Guarantee and Commitment for Title Insurance (G-2646)

STEWART TITLE GUARANTY COMPANY

INDIANA FORECLOSURE GUARANTEE

AND COMMITMENT FOR TITLE INSURANCE

SCHEDULE A

1.      Guarantee and Commitment Date: 

2.      Guarantee Liability and Commitment Amount:

3.      Policy to be issued is an ALTA Owners Policy

Proposed Insured:

4.      Fee Simple interest in the land described in this Commitment is owned, at the Commitment Date, by:

5.      Mortgage to be foreclosed:

6.      The Land referred to in the Commitment is situated in, Indiana described as follows:

SCHEDULE B

The following requirements must be met:

1. Pay us the premiums, fees and charges for the policy.
2. Completion of the Foreclosure satisfactory to us of the mortgage shown in Schedule A, Item 5.
3. Foreclosure deed satisfactory to us creating the interest in the land to be insured must be signed, delivered and recorded.
4. Affidavit satisfactory to us affirming that the Proposed Insured did not foreclose the mortgage shown in Schedule A item 5 in a manner that caused the land to be sold in violation of the Soldier’s and Sailor’s Act of 1940 and amendments thereto.
5. You must tell us in writing the name of anyone not referred to in this commitment who will get an interest in the land or who will make a loan on the land.  We may make additional requirements or exception relating to the interest or the loan.
6. Additional documents satisfactory to us to create the interest in the land to be insured which must be signed, delivered and recorded:
7. Pay real property taxes and assessments that are due and payable unless shown as paid:

SCHEDULE B II

Any policy we issue will have the following exceptions unless they are taken care of to our satisfaction.

1. Any discrepancies or conflicts in boundary lines, any shortages in area, or any encroachment or overlapping improvements.

2. Any facts, rights, interest or claims which are not shown by the public record but which could be ascertained by an accurate survey of the land or by making inquiry of persons in possession thereof.

3. Easements, liens or encumbrances or claims thereof, which are not shown by the public records.

4. Any lien, or right to lien for services, labor or material imposed by law and not shown by the public records.

5. Covenants, conditions and restrictions, if any, shown by the public records.

6. Easements or servitudes, if any, appearing in the public records.

7. Any lease, grant, exception or reservation of mineral rights appearing in the public records.

8. All assessments and taxes not yet due and payable at date of Guarantee and Commitment.

9. The following exception(s) to matters disclosed in the public records will be exceptions in the policy unless taken care of to our satisfaction:

10. The following exceptions to matters disclosed in the public records will not be exceptions in the policy provided that such matters are properly included in the foreclosure of the mortgage shown in Schedule A Item 5 and the foreclosure deed is issued to the Proposed Insured:

NOTE: We hereby certify the records have been searched for judgment liens as follows:

We have made a search for judgments vs.