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Quit Claim Deed Florida Trust

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					                               ADVERSE
During the course of a title examination, the examiner may ascertain certain
adverse interests to the record title holder. Below are set forth suggested
requirement language for Schedule B, Section 1 of a commitment that can be
used.

Where an adverse interest is disclosed by a recorded mortgage, financing
statement or other document executed by a party not holding the record title the
following requirement should be raised in Schedule A, Section 1:

"It appears that ____________________, having no record interest in said lands,
has executed a mortgage, (or deed of trust) dated ___________________ at
Clerk's File Number ___________________ in Official Records Book
___________________, at page ____________ in the public records of
_________________ County, Florida, in the principal amount of
___________________ dollars.

Relative thereto the following is required:

A. Deed from ____________________ to the proposed insured or party in title.

B. Satisfaction or partial release of the mortgage referred to above to be placed
of record.

Where the title examiner ascertains through some off record source that an
adverse interest is being claimed in the property, the following requirement
should be raised:

"It appears that _________________, claims an interest in the lands described
herein by virtue of __________________. A quit claim deed should be obtained
from ________________ to the party in title or to the proposed insured."

Comment-Claims of adverse interest ascertained from off record sources must
not be ignored. Rather, such matters should be reviewed carefully and,
appropriate requirements or exceptions worded in the commitment. Discuss such
findings with your local underwriter.

Where an adverse interest is disclosed by a deed from strangers to the title, a
requirement in the form set forth below should be raised:

"___________________, having no record interest in said land, conveyed the
land to ___________________ by deed at Clerk's File Number
_________________ in Official Records Book _________ at Page
____________ in the public records of _________________ County, Florida.

Relative thereto the following is required:

A. Evidence should be furnished as to the former interest of
____________________ (grantor) and this commitment is subject to such further
exceptions, if necessary, as will then be deemed necessary.

B. Deed from _____________________ (grantee) to the party in title or
proposed insured."

Where the original grantee in a chain of title described in the requirement above
has conveyed to other persons, the requirement should be modified as follows:

"_________________________ having no record interest in the land, conveyed
the land to ____________________________ by deed dated
____________________ and recorded on _________________ at Clerk's File
Number ___________________ in Official Records Book ____________ at
Page ____________ in the public records of ______________ County, Florida.
By mesne conveyances the interest, if any, of the above grantor in the land was
ultimately acquired by ________________________.

Relative thereto the following is required:

A. Evidence should be furnished as to the former interest of
____________________ (grantor), and this commitment is subject to such
further exceptions, if any, as may then be deemed necessary.

B. Deed from _______________________ whose interest was acquired by said
mesne conveyances to the party in title or proposed insured."

(It is important that all parties named in the chain of title in the situations
described at 3 and 4 should be searched for judgments).

Where the examination of title discloses that taxes have been assessed to or are
being paid by a stranger to the title, the following requirement should be raised:

"It appears that ad valorem taxes for the year __________ have been (assessed
to ____________) or (paid by _________________) who does not appear to
have any interest of record in the land.

Relative thereto the following is required:
A. Evidence should be furnished as to the interest of ______________ (party
assessed taxes or who paid taxes), and this commitment is subject to such
further exceptions, if any, as may then be deemed necessary.

B. Deed from __________________ to the proposed insured or party in title.

C. Procedural steps taken to have the lands described in Schedule A properly
assessed for ad valorem tax purposes in the name of the proposed insured or
party in title.

				
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Description: Quit Claim Deed Florida Trust document sample