Example TX Commitment Schedule A Analysis 1

SCHEDULE A

Commitment No.:

This space is provided for the insertion of the Company's commitment number.

GF No. or File No.:

The reference number or guaranty file number of the title company is inserted here.

Effective Date of Commitment: ______________________ 20_________ o'clock ____ m

The hour and date reflecting the latest available title evidence used in preparation of the commitment.

Issued: _______________________________________ 20___________ o'clock ____ m

The date of issuance of the commitment.

1. The policy or policies to be issued are:

(a) OWNER'S POLICY OF TITLE INSURANCE (Form T-1)

(Not applicable for improved one-to-four family residential real estate)

Policy Amount: $

Proposed Insured:

(b) TEXAS RESIDENTIAL OWNER'S POLICY OF TITLE INSURANCE?ONE-TO-FOUR FAMILY RESIDENCES (Form T-1R)

Policy Amount: $

Proposed Insured:

(c) LOAN POLICY OF TITLE INSURANCE (Form T-2)

Policy Amount: $

Proposed Insured:

Proposed Borrower:

(d) LOAN TITLE POLICY BINDER ON INTERIM CONSTRUCTION LOAN (Form T-13)

Binder Amount: $

Proposed Insured:

Proposed Borrower:

(e) OTHER

Policy Amount: $

Proposed Insured:

The type of policy to be issued, the amount thereof and the names of the proposed insured(s) are to be shown in No. 1.

2. The interest in the land covered by this Commitment is:

No. 2 shows the estate or interest to be insured. If different estates are to be insured in the same policy, must show them properly defined and vested.

Example:

"Fee Simple as to Parcel (tract) No. 1"

"Easement Estate as to Parcel (tract) No. 2"

The combination of a leasehold estate and any other nonleasehold estate in one policy requires approval from the National Legal Department. See Leasehold Insurance (11.04).

3. Record title to the land on the Effective Date appears to be vested in:

This item shows the record vesting of the title, as of the date of the commitment, of the land described in Item 4.

4. Legal description of land:

The description of the property to be insured is inserted here. This description is a direct product of the chain of title of the property to be insured.