(and municipal tax and assessment records if within a municipality) for the period shown below relative to title to the real property described below, and gives the following opinion of status:
Subject to the uninitialed STANDARD EXCEPTIONS at the bottom of this form. Also subject to the following SPECIAL INFORMATION AND EXCEPTIONS:
If Yes, attach all documents at the bottom of this form.
2. Restrictive covenants DO NOT contain a reversionary or forfeiture clause unless indicated otherwise herein.
3. Building Setback Line(s) of:
If Yes please forward or attach to this form, if NO please provide at closing
2. Building Setback Line(s) of:
(If private easement, forward copy)
OTHER EASEMENTS, LIENS, DEEDS OF TRUST, OBJECTIONS OR DEFECTS
This judgement will be paid or released at closing.
This opinion of the title is for the parties to whom it is furnished, is not transferable, and may not be used by any other person or entity without the prior written consent of the undersigned.
TITLE INSURANCE APPLICATION
The attorney should initial any exceptions that are to be eliminated on the line to the left of the exception.
(a) Unrecorded Mechanics’ or Materialsmen’s liens. (Liens may be filed by persons or entities furnishing labor or materials to any improvements of real property within 120 days from the last day of performance and will upon perfection relate in priority to the first day of performance as a valid lien on real property.)
(b) Unrecorded leases. (Under North Carolina law, parties in possession of the premises under a verbal or unrecorded lease of three years or less duration may remain in possession under terms of tenancy.)
(c) Matters that may defeat or impair title which do not appear on the record. (Evidence revealing missing heirs, forgeries, etc. may not be on the public records, but such facts if properly established may impair or defeat what appears to be a good title on the record.)
(d) Taxes, special assessments and other governmental charges that are not shown as existing liens by the public records. (Governmental charges may be made for acreage fees, tap-on fees, cost of weed cutting, demolition of condemned buildings and other matters that are not shown as existing liens on the property by the public records.)
(e) Unlisted personal property taxes. (If discovered, such taxes and any penalties may be assessed as a lien on the subject property.)
Note: The matters included in Standard Exceptions Number One (1) above set forth are items that cannot be checked. Standard Exceptions numbered 2, 3, 4, 5, 6, 7, and 8 are not included in a normal search of the County records during examination of title. Upon special request, additional investigation may be made, and Standard Exceptions numbered 2, 3, 4, 5, 6, 7, and 8 can be eliminated. Any such elimination is evidenced by the initialing of such exception in the left margin by the attorney.
FNT-Preliminary (7/02); For Use in North Carolina