BOLLING HEARL - woltz.com & Hearl, P C (“Firm”) hereby certifies that it has made an...
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Transcript of BOLLING HEARL - woltz.com & Hearl, P C (“Firm”) hereby certifies that it has made an...
Bolling & Hearl, P C (“Firm”) hereby certifies that it has made an examination of the title to the above describedproperty for at least 40 years, or back to the Firm’s last title report to you on this Property, through 8:00 am on the ExamDate. This report is based upon the assumption that all of the indices in the Clerk’s Office are correct, that theinformation listed in such indices is as stated, that all parties are properly listed therein, that all recitations set forth in allinstruments in the chain of title regarding the source of title are true and correct, and if the Property and/or the source ofit originated out of a larger boundary, that the source clause referencing that larger boundary is true and correct, that allGrantors were mentally able and capable of conveying the Property at the time of conveying, that all Grantors wereliving and of legal age at the time of conveying, that the acknowledgements to all instruments in the chain of title aretrue and correct, that all agents or officers of any business entities that are in the chain of title had proper authority toconvey, that there are no unknown heirs and that any instruments in the chain of title referring to any heirs correctlystate the same, that no person has acquired title by adverse possession, that the Property has adequate access byroadway or easement to a public roadway, and that where such public roads are located, such parcels have beenconveyed to the Commonwealth or a political subdivision thereof.
Certain of the records in the Clerk’s Office and the Treasurer’s Office are in a computer database, and it isassumed that the information was correctly entered in the database and is readily retrievable using the spellingsprovided to this Firm or disclosed in the recorded instruments. No check was made to determine mineral ownership,subsidence rights, outstanding surface easements, right-of-ways, leases, unfiled Mechanic’s Liens, water, sewer or otherutility rights, or other such facts as might be disclosed by a physical observation or survey of the Property other thanthose noted below. Most adverse conveyances and boundary line disputes can only be detected by actual surveys, andthis Firm is not licensed to perform surveys. To the extent that this Firm has reviewed a survey plat of the Property, it isassumed that the plat is accurate as presented.
This Firm has not investigated the present or intended future use of the Property, and therefore makes nocertification concerning the applicability or effect of zoning regulations and subdivision ordinances, land use (rollback)taxes, environmental liens and/or governmental regulations that limit the use of the Property.
This report is for the sole benefit of the party to whom it is first addressed above and may not be relied upon byany other party without the express, written consent of the Firm.
Based on this Firm’s examination and subject to the conditions and exceptions set forth above, the Firm certifiesthat fee simple title to the Property is vested in the above named party and is good and free from all encumbrancesexcept as may be set forth below.
BOLLING & HEARL, PCIssuing Office:366 W Main St Suite 100Abingdon, Virginia 24210
By:____________________________________________ Attorney at Law
To:
Buyer/Borrower:
Today’s Date:Time:
Property:
Abingdon Nursing Home, Inc.
Abingdon Nursing Home, Inc.
9.09 Acres, Part of Boundary line Adjustment of the Property of Abingdon NursingHome, Inc., located in the Town of Abingdon, Virginia
PRELIMINARY LAND TITLE EXAMINATION
8:00 a.m.
Title Vested In: Abingdon Nursing Home, Inc.
January 9, 2018 Exam Date:
Required Deed ofTrust Signatures: N/A
December 15, 2017
BOLLING HEARL&Attorneys at Law
Adverse Conveyances:
None
Taxes:
This property is assessed for real estate tax purposes as follows: Tax Map No. 018-1-54 Land Value:$188,700.00 Improvements: $1,750,700.00 Last Annual County Tax: $12,218.22 Last Annual Town Tax:$5,430.32
Washington County and Town of Abingdon Taxes are paid for the year 2017.
Deeds of Trust:
Credit Line Deed of Trust from Abingdon Nursing Homes, Inc. dated December 15, 2014 and recordedDecember 29, 2014 in the Office of the Clerk, Circuit Court of Washington County, Virginia in InstrumentNumber 140005820, securing Highlands Union Bank in the principal sum of $225,000.00. ModificationAgreement of record in Instrument Number 150005109.
Judgments:
None
Other:
The source of this property is subject to a standard utility easement granted to APCO pursuant to aninstrument of record in Deed Book 427, Page 100.
The source of this property is subject to all matters as shown on plat of record in Plat Book 71, Page 27.Including but, not limited to:
Subject property is located in Flood Zone “A” Setback lines
Title History:
AND BEING (i)the same real property conveyed to Abingdon Nursing Homes, Inc. by Deed dated July 26, 1999 andrecorded in the Office of the Clerk of the Circuit Court of Washington County, Virginia in Deed Book 1055, Page 765,and (ii) the same property conveyed to Abingdon Nursing Homes, Incorporated by Deed dated May 11, 2015 andrecorded in the aforesaid Clerk’s Office in Instrument Number 150001863, reference to which is hereby made.