Commitment No. 548468 - Sullivan Auctioneers€¦ · 26/10/2020 · commitment no. 548468...

Commitment No. 548468

COMMITMENT FOR TITLE INSURANCE ISSUEDBY

CHICAGO TITLE INSURANCE COMPANY

NOTICE

IMPORTANT – READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE INSURANCEPOLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE CONTENT OF THISCOMMITMENT OR POLICY MUST BE BASED SOLELY IN CONTRACT.

THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL OPINION,OPINION OF TITLE, OR OTHER RESPRESENTATION OF THE STATUS OF TITLE. THE PROCEDURES USED BY THECOMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY SEARCH AND EXAMINATION, AREPROPRIETARY TO THE COMPANY, WERE PRFORMED SOLELY FOR THE BENEFIT OF THE COMPANY, AND CREATENO EXTRACONTRACTUAL LIABILITY TO ANY PERSON, INCLUDING A PROPOSED INSURED.

THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED INSUREDIDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS COMMITMENT. THECOMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS COMMITMENT TO ANY OTHERPERSON.

COMMITMENT TO ISSUE POLICY

Subject to the Notice; Schedule B I-Requirements; Schedule B Part II-Exceptions; and the Commitment Conditions, Chicago TitleInsurance Company, a Florida corporation (the “Company”), commits to issue the Policy according to the terms and provisions of thisCommitment. This Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in Schedule A,only when the Company has entered in Schedule A both the specified dollar amount as the Proposed Policy Amount and the name ofthe Proposed Insured.

If all of Schedule B, Part I-Requirements have not been met within 180 days after the Commitment Date, this Commitment terminatesand the Company’s liability and obligation end.

COMMITMENT CONDITIONS

1. DEFINITIONS

(a) “Knowledge” or “Known”: Actual or imputed knowledge, but not constructive notice imparted by the PublicRecords.

(b) “Land”: The land described in Schedule A and affixed improvements that by law constitute real property. The term“Land” does not include any property beyond the lines of the area described in Schedule A, nor any right, title,interest, estate or easement in abutting streets, roads, avenues, alleys, lanes, ways or waterways, but this does notmodify or limit the extent that a right of access to and from the Land is to be insured by the Policy.

This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Chicago Title Company. This Commitment is not valid without theNotice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I— Requirements; Schedule B, PartII—Exceptions; and, a counter-signature by the Company or its issuing agent that may be in electronic form.

Copyright 2006-2016 American Land Title Association. All rights reserved.The use of this Form (or any derivative thereof) is restricted to ALTA licensees andALTA members in good standing as of the date of use. All other uses are prohibited.

Reprinted under license from the American Land Title Association.


(c) “Mortgage”: A mortgage, deed of trust or other security instrument, including gone evidenced by electronic meansauthorized by law.

(d) “Policy”: Each contract of title insurance, in a form adopted by the American Land Title Association, issued or to beissued by the Company pursuant to this Commitment.

(e) “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each Policy to be issuedpursuant to this Commitment.

(f) “Proposed Policy Amount”: Each dollar amount specified in Schedule A as to the Proposed Policy Amount of eachPolicy to be issued pursuant to this Commitment.

(g) “Public Records”: Records established under state statutes at the Commitment Date for the purpose of impartingconstructive notice of matters relating to real property to purchasers for value and without Knowledge.

(h) “Title”: The estate or interest described in Schedule A.

2. If all of the Schedule B, Part I-Requirements has not been met within the time period specified in the Commitment to IssuePolicy, this Commitment terminates and the Company’s liability and obligation end.

3. The Company’s liability and obligation is limited by and this Commitment is not valid without:(a) the Notice;(b) the Commitment to Issue Policy;(c) the Commitment Conditions;(d) Schedule A;(e) Schedule B, Part I-Requirements;(f) Schedule B, Part II-Exceptions; and(g) a counter-signature by the Company or its issuing agent that may be in electronic form.

4. COMPANY’S RIGHT TO AMENDThe Company may amend the Commitment at any time. If the Company amends the Commitment to add a defect, lien,encumbrance, adverse claim, or other matter recorded in the Public Records prior to the Commitment Date, any liability of theCompany is limited by Commitment Condition 5. The Company shall not be liable for any other amendment to thisCommitment

5. LIMITATIONS OF LIABILITY(a) The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s actual expense incurred

in the interval between the Company’s delivery to the Proposed Insured of the Commitment and the delivery of theamended Commitment, resulting from the Proposed Insured’s good faith reliance to:(i) comply with the Schedule B, Part I-Requirements;(ii) eliminate, with the Company’s written consent, any Schedule B, Part II-Exceptions; or(iii) acquire the Title or create the Mortgage covered by this Commitment.

(b) The Company shall not be liable under Commitment Condition 5(a) if the Proposed Insured requested theamendment or had Knowledge of the matter and did not notify the Company about it in writing.

(c) The Company will only have liability under Commitment Condition 4 if the Proposed Insured would not haveincurred the expense had the Commitment included the added matter when the Commitment was first delivered tothe Proposed Insured.

(d) The Company’s liability shall not exceed the lesser of the Proposed Insured’s actual expense incurred in good faithand described in Commitment Conditions 5(a)(i) through 5(a)(iii) or the Proposed Policy Amount.

(e) The Company shall not be liable for the content of the Transaction Identification Data, if any.





(f) In no event shall the Company be obligated to issue the Policy referred to in this Commitment unless all of theSchedule B, Part I-Requirements have been met to the satisfaction of the Company.

(g) In any event, the Company’s liability is limited by the terms and provisions of the Policy.

6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT(a) Only a Proposed Insured identified in Schedule A, and no other person, may make a claim under this Commitment.(b) Any claim must be based in contract and must be restricted solely to the terms and provisions of this Commitment.(c) Until the Policy is issued, this Commitment as last revised, is the exclusive and entire agreement between the parties

with respect to the subject matter of this Commitment and supersedes all prior commitment negotiations,representations, and proposals of any kind, whether written or oral, express or implied, relating to the subject matterof this Commitment.

(d) The deletion or modification of any Schedule B, Part II-Exceptions does not constitute an agreement or obligation toprovide coverage beyond the terms and provisions of this Commitment or Policy.

(e) Any Amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized bythe Company.

(f) When the Policy is issued, all liability and obligation under this Commitment will end and the Company’s onlyliability will be under the Policy.

7. IF THIS COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENTThe issuing agent is the Company’s agent for the limited purpose of issuing title insurance commitments and policies. Theissuing agent is not the Company’s agent for the purpose of providing closing or settlement services.

8. PRO-FORMA POLICYThe Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating the coverage that theCompany may provide. A pro-forma policy neither reflects the status of Title at the time that the pro-forma policy is deliveredto a Proposed Insured, nor is it a commitment to insure.

9. ARBITRATIONThe Policy contains an arbitration clause. All arbitrable matters when the Proposed Policy Amount is $2,000,000 or less shall

be arbitrated at the option of either the Company or the Proposed Insured as the exclusive remedy of the parties. Aproposed Insured may review a copy of the arbitration rules at http://www.alta.org/arbitration.




http://www.alta.org/arbitration

Allied Capital Title (Effingham)1000 West JeffersonEffingham, IL 62401

Phone: 217-347-3300

Transaction Identification Data for reference only:Issuing Agent: Allied Capital Title

(Effingham)Issuing Office: Allied Capital Title

(Effingham)Commitment Number: 548468 Revision Number: __________Property Address: 3099 East 900 North Road Stewardson, IL 62463

SCHEDULE A

Commitment Date: October 26, 20201.

Policy to be issued:2.2006 ALTA® Owner Policy(a)

Proposed Insured: Purchaser with contractual rights under a purchase agreement with the vested owneridentified at Item 4 belowProposed Policy Amount: $10,000.00

2006 ALTA® Mortgagee Policy(b) Proposed Insured: Lender with contractual obligations under a loan agreement with the proposedinsured for an Owner’s PolicyProposed Policy Amount: $10,000.00

The estate or interest in the Land described or referred to in this Commitment and covered herein3.is located in the State of Illinois

Title to the Fee Simple estate or interest in the Land is at the Commitment Date vested in:4.

TRACTS 1-4:Sally Phillips, as Trustee under the provisions of a Trust Agreement dated the 1st day of December,2010 and known as The Norma Jean Bridges Income Trust

The Land is described as follows:5.

SEE ATTACHED EXHIBIT "A"

CHICAGO TITLE INSURANCE COMPANY

By: Authorized Signatory

Allied Capital Title (Effingham)Issuing Agent

This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Chicago Title Insurance Company. ThisCommitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B,Part I-Requirements; Schedule B, Part II-Exceptions; and, a counter-signature by the Company or its issuing agent that may be inelectronic form.

Copyright 2006-2016 American Land Title Association. All rights reserved.The use of this Form (or any derivative thereof) is restricted to ALTA licensees andALTA members in good standing as of the date of use. All other uses are prohibited.Reprinted under license from the American Land Title Association.

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Allied Capital Title (Effingham)1000 West JeffersonEffingham, IL 62401Phone: 217-347-3300

Commitment Number: 548468Exhibit A

TRACT 1:A tract of land being part of the Northwest and Southwest Quarters of Section 32 and part of theSoutheast Quarter of Section 31, all in Township 11 North, Range 6 East of the Third PrincipalMeridian, Shelby County, Illinois and being more particularly described as follows.Beginning at a found old corner post marking the West Quarter corner of said Section 32; thencealong the West line of the Northwest Quarter of said Section 32, North 01 degrees 01 minutes 40seconds West, 427.18 feet to the existing centerline of a creek, as located on October 13, 2020;thence leaving said West line, along said centerline in a Easterly direction, a distance of 1230.45feet to the North line of the Southwest Quarter of said Section 32; thence leaving said centerline,along said North line, South 89 degrees 23 minutes 47 seconds east, 438.20 feet to a set iron rodmarking the center-West sixteenth corner of said Section 32; thence leaving said North line, alongthe East line of the Northwest Quarter of the Southwest Quarter of said Section 32, South 00degrees 23 minutes 21 seconds West, 1329.03 feet to a found iron rod marking the Southwestsixteenth corner of said Section 32; thence leaving said East line, along the East line of theSouthwest Quarter of the Southwest Quarter of said Section 32, South 00 degrees 50 minutes 12seconds East, 670.79 feet to a set iron rod on the North line of the South half of saidQuarter-Quarter; thence leaving said East line, along said North line, North 89 degrees 45 minutes56 seconds West, 241.33 feet to a set iron rod on the East line of the Lower Ash Grove Cemetery;thence leaving said North line, along the East, North and West lines of said cemetery, the followingfive courses: North 00 degrees 19 minutes 17 seconds West, 20.00 feet to a set iron rod; thenceSouth 89 degrees 45 minutes 56 seconds East, 50.98 feet to a set iron rod; thence North 01 degrees14 minutes 46 seconds West, 180.42 feet to a set iron rod; thence North 89 degrees 49 minutes 39seconds West, 286.82 feet to a found steel "t-post"; thence South 00 degrees 19 minutes 17 secondsEast, 200.05 feet to a found steel "t-post" on the aforementioned North line of the South Half ofsaid Quarter-Quarter; thence leaving the West line of said cemetery, along said North line, North89 degrees 45 minutes 56 seconds West, 434.77 feet to the existing centerline of Little WabashRiver, as located on October 13, 2020; thence leaving said North line, along said centerline in aSoutherly direction, a distance of 922.18 feet to the South line of the Southwest Quarter of saidSection 32; thence leaving said centerline, along said South line, North 89 degrees 21 minutes 40seconds West, 768.18 feet to a found iron rod marking the Southwest Corner of the SouthwestQuarter of said Section 32; thence leaving said South line, along the South line of the SoutheastQuarter of said Section 31, North 89 degrees 55 minutes 28 seconds West, 18.99 feet; thence leavingsaid South line, North 01 degrees 50 minutes 17 seconds East, 1331.14 feet to a set iron rod on theNorth line of the Southeast Quarter of the Southeast Quarter of said Section 31; thence along saidNorth line, South 89 degrees 38 minutes 34 seconds East, 20.79 feet to a set iron rod marking theSouth sixteenth corner of the Southwest Quarter of said Section 32; thence leaving said North line,along the West line of the Southwest Quarter of said Section 32, North 01 degrees 54 minutes 57seconds East, 1331.01 feet to the point of beginning, as shown as Tract 1 on the Plat of Surveydated October 20, 2020 by Royce P. Jones, I.P.L.S. #035-003844;



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Commitment Number: 548468TRACT 2:A tract of land being part of the Southwest Quarter of Section 32, Township 11 North, Range 6East of the Third Principal Meridian, Shelby County, Illinois and being more particularlydescribed as follows.Beginning at a set iron rod marking the Center-West sixteenth corner of said Section 32; thencealong the North line of said Quarter, South 89 degrees 23 minutes 47 seconds East, 1300.98 feet tothe West right-of-way (row) line of 3150th East Street; thence leaving said North line, along said(row) line, the following two courses: South 08 degrees 03 minutes 28 seconds West, 65.72 feet;thence South 80 degrees 34 minutes 20 seconds East, 23.37 feet to the East line of said Quarter;thence along said East line, South 00 degrees 19 minutes 57 seconds West, 891.13 feet to a foundiron rod; thence leaving said East line, North 89 degrees 23 minutes 30 seconds West, 1316.17 feetto a found iron rod on the West line of the Northeast Quarter of said Southwest Quarter of saidSection 32; thence along said West line, North 00 degrees 23 minutes 21 seconds East, 959.77 feet tothe point of beginning, as shown as Tract 2 on the Plat of Survey dated October 20, 2020 by RoyceP. Jones, I.P.L.S. #035-003844;

TRACT 3:A tract of land being part of the Southeast Quarter of Section 31, Township 11 North, Range 6East of the Third Principal Meridian, Shelby County, Illinois and being more particularlydescribed as follows.Commencing at a found iron rod marking the Southeast corner of said Quarter, thence along theSouth line of said Quarter, North 89 degrees 55 minutes 28 seconds West, 18.99 feet to the point ofbeginning of the tract of land herein described.From the point of beginning; thence continuing along said South line, North 89 degrees 55 minutes28 seconds West, 932.96 feet to a set iron rod; thence leaving said South line, to and along anexisting fence line, North 00 degrees 45 minutes 18 seconds West, 1335.53 feet to a set iron rod onthe North line of the Southeast Quarter of the Southeast Quarter of said Section 31; thence alongsaid North line, South 89 degrees 38 minutes 34 seconds East, 993.27 feet to a set iron rod; thenceleaving said North line, South 01 degrees 50 minutes 17 seconds West, 1331.14 feet to the point ofbeginning, as shown as Tract 3 on the Plat of Survey dated October 20, 2020 by Royce P. Jones,I.P.L.S. #035-003844;

TRACT 4:A tract of land being part of the Northwest Quarter of Section 5, Township 10 North, Range 6 Eastof the Third Principal Meridian, Shelby County, Illinois and being more particularly described asfollows.Commencing at a found iron pipe marking the North Quarter corner of said Section 5; thencealong the North line of said Quarter, North 89 degrees 21 minutes 40 seconds West, 397.22 feet to aset mag spike marking the point of beginning of the tract of land herein described.From the point of beginning; thence leaving said North line, to and along the existing possessionline between adjoining land owners, South 00 degrees 25 minutes 52 seconds East, 1295.77 feet to aset iron rod on the South line of the Northeast Quarter of said Northwest Quarter; thence along



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Commitment Number: 548468said South line, North 89 degrees 33 minutes 26 seconds West, 903.69 feet to a set iron rod markingthe Northwest sixteenth corner of said Section 5; thence leaving said South line, along the West lineof said Quarter-Quarter, North 00 degrees 25 minutes 52 seconds West, 1298.87 feet to the Westsixteenth corner of said Northwest Quarter; thence leaving said West line, along the North line ofsaid Northwest Quarter, South 89 degrees 21 minutes 40 seconds East, 903.74 feet to the point ofbeginning, as shown as Tract 4 on the Plat of Survey dated October 20, 2020 by Royce P. Jones,I.P.L.S. #035-003844;

All situated in Shelby County, Illinois.



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Commitment Number: 548468

SCHEDULE B, PART IRequirements

All of the following Requirements must be met:

The Proposed Insured must notify the Company in writing of the name of any party not referred to1.in this Commitment who will obtain an interest in the Land or who will make a loan on the Land.The Company may then make additional Requirements or Exceptions.

Pay the agreed amount for the estate or interest to be insured.2.

Pay the premiums, fees, and charges for the Policy to the Company.3.

Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,4.or both, must be properly authorized, executed, delivered, and recorded in the Public Records.

Notice: Please be aware that due to the conflict between federal and state laws concerning the5.cultivation, distribution, manufacture or sale of marijuana, the Company is not able to close orinsure any transaction involving Land that is associated with these activities.

Be advised that the "Good Funds" section of the Title Insurance Act (215 ILCS 155/26) becomes6.effective 1-1-2010. This act places limitations upon our ability to accept certain types of depositsinto escrow. Please consult with your closer regarding the application of this new law to yourtransaction.

Effective June 1, 2009, pursuant to Public Act 95-988, satisfactory evidence of identification must7.be presented for the notarization of any and all documents notarized by an Illinois Notary Public.Satisfactory identification documents are documents that are valid at the time of the notarial act;are issued by a state or federal government agency; bear the photographic image of the individual'sface; and bear the individual's signature.

The Proposed Policy Amount(s) must be increased to the full value of the estate or interest being8.insured, and any additional premium must be paid at that time. An Owner's Policy should reflect thepurchase price or full value of the Land. A Loan Policy should reflect the loan amount or the value



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Commitment Number: 548468of the property as collateral. Proposed Policy Amount(s) will be revised and premiums chargedconsistent therewith when the final amounts are approved.

ACT should be furnished with either9.a) A certification of trust executed by the current trustee in accordance with 760 ILCS3/1013, together with excerpts of the trust agreement and amendments thereto relating tothe designation of trustees and the power of the trustee to act in the current transaction, orb) In the alternative, the current trustee, in his or her sole discretion, may deliver to the

company:(1) A certified or uncertified copy of the death certificate of the original trustee:(2) A certified copy of the original trust agreement, together with any amendmentsthereto; and(3) Certified copies of the appointment and acceptance of the successor trustee.

A survey of the property describing the legal description should be recorded or attached to10.the Deed of Conveyance. A copy of said survey should also be provided to ACT for itsreview and this commitment and policy is subject to any other necessary exceptions.

For each policy to be issued as identified in Schedule "A", Item 2; the Company shall not be11.liable under this commitment until it receives a designation for a Proposed Insured which isacceptable to the Company. As provided in Commitment Condition 4, the Company mayamend this commitment to add, among other things, additional exceptions or requirementsafter the designation of the Proposed Insured.

SCHEDULE B, PART IIExceptions

THIS COMMITMENT DOES NOT REPUBLISH ANY COVENANT, CONDITION, RESTRICTION, ORLIMITATION CONTAINED IN ANY DOCUMENT REFERRED TO IN THIS COMMITMENT TO THEEXTENT THAT THE SPECIFIC COVENANT, CONDITION, RESTRICTION, OR LIMITATION VIOLATESSTATE OR FEDERAL LAW BASED ON RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION,GENDER IDENTITY, HANDICAP, FAMILIAL STATUS, OR NATIONAL ORIGIN.

The Policy will not insure against loss or damage resulting from the terms and provisions of any lease oreasement identified in Schedule A, and will include the following Exceptions unless cleared to thesatisfaction of the Company:

Rights or claims of parties in possession not shown by Public Records.1.

Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the title2.that would be disclosed by an accurate and complete land survey of the Land.



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Commitment Number: 548468Easements, or claims of easements, not shown by the Public Records.3.

Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished,4.imposed by law and not shown by the Public Records.

Taxes or special assessments which are not shown as existing liens by the Public Records.5.

We should be furnished a properly executed ALTA statement and, unless the land insured is a6.condominium unit, a survey if available. Matters disclosed by the above documentation will beshown specifically.

Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the7.Public Records or is created, attaches, or is disclosed between the Commitment Date and the dateon which all of the Schedule B, Part I -Requirements are met.



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Taxes for the year 2019 and thereafter:8.First Installment 2019 taxes in the amount of $385.07 are paid.Second Installment 2019 taxes in the amount of $385.07 are paid.Taxes for the year(s) 2020 are not yet due and payable.P.I.N. 0115-32-00-300-019 : Part of Tract 1 & Tract 2

Property located in Ash Grove Township.

Taxes for the year 2019 and thereafter:9.First Installment 2019 taxes in the amount of $0.00 are exempt.Second Installment 2019 taxes in the amount of $0.00 are exempt.Taxes for the year(s) 2020 are not yet due and payable.P.I.N. 0115-31-00-400-003 : Tract 3


Taxes for the year 2019 and thereafter:10.First Installment 2019 taxes in the amount of $5.90 are paid.Second Installment 2019 taxes in the amount of $5.90 are paid.Taxes for the year(s) 2020 are not yet due and payable.P.I.N. 0115-31-00-400-004 : Tract 3





Property located in Big Spring Township.


Property located in Ash Grove Township.This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Chicago Title Insurance Company. ThisCommitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B,Part I-Requirements; Schedule B, Part II-Exceptions; and, a counter-signature by the Company or its issuing agent that may be inelectronic form.


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Building lines and/or easements as shown on the Plat of Survey dated October 20, 2020 by14.Royce P. Jones, I.P.L.S. #035-003844.

Terms, provisions and conditions as stated in Quit Claim Deed recorded October 31, 1979 as15.Document Number 79-3695 in Book 620 page 384. (Tract 1)

Dedication of Right of Way for Public Road Purposes, recorded April 11, 1983 in Book 72116.page 2. (Tract 1)

Dedication of Right of Way for Public Road Purposes, recorded February 19, 1997 as17.Document Number 97-714. (Tract 1 & 4)

Terms, provisions and conditions of an easement granted to Lincoln Prairie Water18.Company, recorded July 21, 2004 as Document Number 04-2783. (Tract 1)

Terms, provisions and conditions of an easement granted to EJ Water Cooperative, Inc.,19.recorded February 24, 2014 as Document Number 2014R00478. (Tract 1)

Terms, provisions and conditions of an easement granted to EJ Water Cooperative, Inc.,20.recorded April 30, 2015 as Document Number 2015R01228. (Tract 1)

Rights of the public, the State of Illinois, the county, the township and the municipality in21.and to that part of the premises in question taken, used, or dedicated for roads or highways.

Rights of way for drainage ditches, drain tiles, feeders, laterals, and underground pipes, if22.any.

Rights of the tenant farmer(s) not shown by public record.23.

To properly release homestead estate rights, the spouse/civil union party, if any, of the24.record owner/proposed insured owner should join in execution of their respective deed ormortgage to come, or the instrument should contain a statement disclosing the location ofthe owner/mortgagor's homestead estate.

Note for Information - Wire Instructions for ACT as follows:25.Bank: First Mid Bank & Trust N.A., Effingham, IllinoisABA Routing Number: 071102076Account Number: 9918941File Number: 548468



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Commitment Number: 548468In reference to the Trust, ACT should be furnished with either26.a) A certification of trust executed by the current trustee in accordance with 760 ILCS3/1013, together with excerpts of the trust agreement and amendments thereto relating tothe designation of trustees and the power of the trustee to act in the current transaction, orb) In the alternative, the current trustee, in his or her sole discretion, may deliver to the

company:(1) A certified or uncertified copy of the death certificate of the original trustee:(2) A certified copy of the original trust agreement, together with any amendmentsthereto; and(3) Certified copies of the appointment and acceptance of the successor trustee.

Terms, powers, provisions and limitations of the trust under which title to said land is held.27.

A survey of the property describing the legal description should be recorded or attached to28.the Deed of Conveyance. A copy of said survey should also be provided to ACT for itsreview and this commitment and policy is subject to any other necessary exceptions.

For each policy to be issued as identified in Schedule A, Item 2; the Company shall not be29.liable under this commitment until it receives a designation for a Proposed Insured,acceptable to the Company. As provided in Commitment Condition 4, the Company mayamend this commitment to add, among other things, additional exceptions or requirementsafter the designation of the Proposed Insured.



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To:Orr Law LLC215 North 4th StEffingham, IL 62401

Customer:

Purchaser with contractual rights under apurchase agreement with the vested owneridentified at Item 4 belowSally Phillips, as Trustee under the provisions ofa Trust Agreement dated the 1st day ofDecember, 2010 and known as The Norma JeanBridges Income Trust

Property Address: 3099 East 900 North Road,StewardsonProperty Tax ID #: 0115-32-00-300-019

Description SellerCharges

BuyerCharges

Quantity Total

Search Fee (4 Parcels) $700.00 1 $700.00

Grand Totals $700.00 $700.00

PLEASE INCLUDE A COPY OF THIS INVOICE OR REFERENCE OUR FILE NUMBER ON YOURPAYMENT.

Please Remit To:Allied Capital Title (Effingham)1000 West JeffersonEffingham, IL 62401

Thank you!

Allied Capital Title(Effingham)1000 West JeffersonEffingham, IL 62401P# 217-347-3300F# 217-347-3399

File Number: 548468Invoice Date: October 5, 2020Policy Amount: $10,000.00

ALTA LOAN AND EXTENDED COVERAGE POLICY STATEMENT

Commitment No: 548468 Date: November 6, 2020

With respect to the land described in the above commitment number, the signatories herein make the following statements for thepurpose of inducing ACT and its’ underwriter to issue the subject title policies.

STATEMENT OF SELLER(S) AND PURCHASER(S)

The seller(s) and purchaser(s) certify that, to the best of their knowledge and belief:

No contracts for the furnishing of any labor or material to the land or the improvements thereon, and no security agreements or1)leases in respect to any goods or chattels that have or are to become attached to the land or any improvements thereon asfixtures, have been given or are outstanding that have not been fully performed and satisfied;No unrecorded leases to which the land may be subject are for more than a three-year term or contain an option to purchase,2)right of renewal or other unusual provisions;That there are no unrecorded contracts, deeds, mortgage, leases or options affecting the subject property, except as follows:3)That the only occupants of the subject property are the sellers or purchasers. (If other than sellers or purchasers, give names4)and interest held)That I/we am/are the purchaser(s) or mortgagor(s) of land improved with a residential dwelling not exceeding four units, and5)no current survey or mortgagee’s inspection report has been furnished to or is available to me/us.

STATEMENT OF MORTGAGOR(S)

The mortgagor(s) (if any) certifies that the mortgage and the principal obligations it secures are good and valid and free from alldefenses; that any person purchasing the mortgage and the obligations it secures, or otherwise acquiring any interest therein, may doso in reliance upon the truth of the matters herein recited; and that this certification is made for the purpose of better enabling theholder or holders, from time to time, of the above mortgage and obligations to sell, pledge or otherwise dispose of the same freely atany time, and to insure the purchasers or pledges thereof against any defenses thereto by the mortgagor or the mortgagor’s heirs,personal representative or assigns.

INDIVIDUALS/BENEFICIARIES OF TRUSTS INDIVIDUALS/BENEFICIARIES OF TRUSTS

Seller/Owner(s) Purchaser(s)Sally Phillips, as Trustee under the provisions of aTrust Agreement dated the 1st day of December, 2010and known as The Norma Jean Bridges Income Trust

_________________________By

Purchaser with contractual rights under apurchase agreement with the vested owneridentified at Item 4 below

_________________________By

CORPORATIONS CORPORATIONS

IN WITNESS WHEREOF, _________________ hascaused these presents to be signed by its__________________________ President and attested byits _____________________ Secretary under its corporateseal on the above date.

IN WITNESS WHEREOF, _________________ hascaused these presents to be signed by its_____________________________President andattested by its ______________________ Secretaryunder its corporate seal on the above date.

BY _____________________________________PresidentATTEST: ________________________________Secretary

BY _____________________________________PresidentATTEST: ________________________________Secretary

LENDER’S DISBURSEMENT STATEMENTThe undersigned hereby certifies that the proceeds of the loan secured by the mortgage to be insured under the loan policy to be

issued pursuant to the above commitment number were fully disbursed to or on the order of the mortgagor on_________________________; and, to the best knowledge and belief of the undersigned, the proceeds are not to be used to finance themaking of future improvements or repairs on the land.Dated: _____________________________________ Signature:___________________________________________

Allied Capital Title (Effingham)

Privacy Statement

All ied Capital Tit le, LLC (“ACT”) respects the privacy and security of your non-public personalinformation (“Personal Information”) and protecting your Personal Information is one of our toppriorities. This Privacy Statement explains ACT’s privacy practices, including how we use thePersonal Information we receive from you and from other specified sources, and to whom it maybe disclosed. A C T follows the privacy practices described in this Privacy Statement and,depending on the business performed, ACT may share information as described herein.

Personal Information CollectedWe may collect Personal Information about you from the following sources:• Information we receive from you on applications or other forms, such as your name, address,

social security number, tax identification number, asset information, and income information;• Information we receive from you through our Internet websites, such as your name, address,

email address, Internet Protocol address, the website links you used to get to our websites, andyour activity while using or reviewing our websites;

• Information about your transactions with or services performed by us, our affiliates, or others,such as information concerning your policy, premiums, payment history, information aboutyour home or other real property, information from lenders and other third parties involved insuch transaction, account balances, and credit card information; and

• Information we receive from consumer or other reporting agencies and publicly recordeddocuments.

Disclosure of Personal InformationWe may provide your Personal Information (excluding information we receive from consumer orother credit reporting agencies) to various individuals and companies, as permitted by law, withoutobtaining your prior authorization. Such laws do not allow consumers to restrict these disclosures.Disclosures may include, without limitation, the following:• To insurance compan i e s , agents, brokers, representatives, support organizations, or others to

provide you with services you have requested, and to enable us to detect or prevent criminalactivity, fraud, material misrepresentation, or nondisclosure in connection with an insurancetransaction;

• To third-party contractors or service providers for the purpose of determining your eligibilityfor an insurance benefit or payment and/or providing you with services you have requested;

• To an insurance regulatory authority, or a law enforcement or other governmental authority, ina civil action, in connection with a subpoena or a governmental investigation;

• To companies that perform marketing services on our behalf or to other financial institutionswith which we have joint marketing agreements and/or

• To lenders, lien holders, judgment creditors, or other parties claiming an encumbrance or aninterest in title whose claim or interest must be determined, settled, paid or released prior to atitle or escrow closing.

We may also disclose your Personal Information to others when we believe, in good faith, that suchdisclosure is reasonably necessary to comply with the law or to protect the safety of our customers,employees, or property and/or to comply with a judicial proceeding, court order or legal process.

Disclosure to Affiliated Companies – We are permitted by law to share your name, addressand facts about your transaction with other ACT companies, such as insurance companies, agents,and other real estate service providers to provide you with services you have requested, formarketing or product development research, or to market products or services to you. We do not,however, disclose information we collect from consumer or credit reporting agencies with ouraffiliates or others without your consent, in conformity with applicable law, unless such disclosureis otherwise permitted by law.

Disclosure to Nonaffiliated Third Parties – We do not disclose Personal Information aboutour customers or former customers to nonaffiliated third parties, except as outlined herein or asotherwise permitted by law.

Confidentiality and Security of Personal InformationWe restrict access to Personal Information about you to those employees who need to know thatinformation to provide products or services to you. We maintain physical, electronic, andprocedural safeguards that comply with federal regulations to guard Personal Information.

Access to Personal Information/Requests for Correction, Amendment, or Deletion of Personal InformationAs required by applicable law, we will afford you the right to access your Personal Information,under certain circumstances to find out who your Personal Information has been disclosed to, andrequest correction or deletion of your Personal Information. However, ACT’s current policy is tomaintain customers’ Personal Information for no less than your state’s required record retentionrequirements for the purpose of handling future coverage claims.

For your protection, all requests made under this section must be in writing and must include yournotarized signature to establish your identity. Where permitted by law, we may charge areasonable fee to cover the costs incurred in responding to such requests. Please send requests to:

Chief Privacy OfficerAllied Capital Title, LLC

201 W. SpringfieldAve, Suite 101

Champaign, IL 61820

Changes to this Privacy StatementThis Privacy Statement may be amended from time to time consistent with applicable privacy laws.When we amend this Privacy Statement, we will post a notice of such changes on our website. Theeffective date of this Privacy Statement, as stated above, indicates the last time this PrivacyStatement was revised or materially changed.

Commitment No. 548468 - Sullivan Auctioneers€¦ · 26/10/2020 · commitment no. 548468...

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Transcript of Commitment No. 548468 - Sullivan Auctioneers€¦ · 26/10/2020 · commitment no. 548468...