520 s. ramsey dr. | valley center, ks 67147€¦ · property address: 520 s. ramsey dr., valley...

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520 S. Ramsey Dr. | Valley Center, KS 67147

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Page 1: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not

520 S. Ramsey Dr. | Valley Center, KS 67147

Page 2: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not

2

Table of Contents

PROPERTY DETAIL PAGE SELLERS DISCLOSURE WATER WELL ORDINANCE GROUNDWATER ADDENDUM WIRE FRAUD ALERT PRELIMINARY TITLE WORK ZONING MAP FLOOD ZONE MAP AERIAL UTILITY MAP PLAT MAP GUIDE TO CLOSING COSTS

Page 3: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
Page 4: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
Page 5: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
Page 6: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
Page 7: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
Page 8: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
Page 9: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
Page 10: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
Page 11: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
Page 12: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
Page 13: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
Page 14: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
Page 15: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not

PRELIMINARY TITLE SEARCH REPORT

Prepared By:Security 1st Title727 N. Waco, Suite 300Wichita, KS 67203Phone: (316) 267-8371Fax: (316) 267-8115

Contact: Josh TroyerEmail: [email protected]

Prepared Exclusively For:McCurdy Auction, LLC12041 E. 13th St. NWichita, KS 67206Phone: 316-683-0612Fax: 316-683-8822

Contact: Kimberly ClareEmail: [email protected];[email protected];[email protected];

Report No: 2361677

Report Effective Date: March 10, 2020, at 7:30 a.m.

Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147

This Title Search Report is NOT a commitment to insure and is not to be construed as anAbstract of Title or Title Opinion. It has been issued as a Report as to the status of title for thespecific benefit of McCurdy Auction, LLC, and as such should not be relied upon by any otherparty for any Real Estate Transaction. Any and all loss or damage that may occur by reason ofany errors and omissions in this Company’s Report is limited to $1,000.00 and the fee itreceived for the preparation and issuance of this report, if any.

1. Fee Simple interest in the Land described in this Report is owned, at the Report Effective Date,by

Tony Mar and Kimberly Diane Mar

2. The Land referred to in this Report is described as follows:

Lot 1, Block 1, Valley Park 6th "B" Addition, Valley Center, Sedgwick County, Kansas,EXCEPT that portion described as follows: Beginning at the northwest corner of Lot 1,Block 1, Valley Park 6th "B" Addition; thence east 215.95 feet; thence in asoutheasterly direction 126 feet; thence west 215.95 feet; thence in a northwesterlydirection 126 feet to the place of beginning.

3. If asked to issue a title insurance commitment for a potential buyer of the subjectproperty, the commitment would include the following requirements, along with anyother matters that may arise after the date of this report:

1. The Proposed Insured must notify the Company in writing of the name of anyparty not referred to in this Commitment who will obtain an interest in the Land

Title Report Report No: 2361677Page 1 of 4

Page 16: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not

Any questions regarding this report should be directed to: Josh TroyerPhone: 316-293-1665, Email: [email protected]

or who will make a loan on the Land. The Company may then make additionalRequirements or Exceptions.

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

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

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

File a Warranty Deed from Tony Mar and Kimberly Diane Mar, husband and5.wife, to a buyer to be determined.

Prior to closing, the company must have information whether the real6.property recording office for the county in which the Land is located isclosed due to the COVID-19 emergency. If recording has been restricted,specific underwriting approval is required and additional requirementsmay be made.

Recording Fees and Information for Kansas Counties:7.

Deed: $21.00 (first page) + $17.00 (each additional page)Mortgage: $21.00 (first page) + $17.00 (each additional page)Mortgage Release:$20.00 (first page) + $4.00 (each additional page)Mortgage Assignment: $20.00 (first page) + $4.00 (each additionalpage)

The above fees do not include all documents that may be filed in eachcounty. Some fees may vary. For a full list of recording fees, servicesand format requirements, please contact the Register of Deeds Officefor the specific county in question.

(NOTE: Beginning January 1, 2019, Mortgage Registration Tax is nolonger required in the State of Kansas.)

NOTE: The State of Kansas requires that any deed transferring realestate must be accompanied by a Real Estate Validation Questionnaire.This form must be executed by either the Grantor (Seller) or theGrantee (Buyer). Certain exemptions do apply. The official form can beobtained from the Register of Deeds or from Security 1st Title.Photocopies of the official form will not be accepted.

Title Report Report No: 2361677Page 2 of 4

Page 17: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not

Any questions regarding this report should be directed to: Josh TroyerPhone: 316-293-1665, Email: [email protected]

NOTE: For documents electronically recorded, there is an additionalthird-party service fee of $5.00 per document, which is in addition tothe County recording fees.

4. If asked to issue a title insurance commitment for a potential buyer of the subjectproperty, the commitment would include the following exceptions, along with anyother matters that may arise after the date of this report:

1. Any defect, lien, encumbrance, adverse claim, or other matter that appears forthe first time in the Public Records or is created, attaches, or is disclosedbetween the Commitment Date and the date on which all of the Schedule B,Part I-Requirements are met

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

3. Easements, or claims of easements, not shown by the Public Records

4. Any encroachment, encumbrance, violation, variation or adversecircumstances affecting Title that would be disclosed by an accurate andcomplete survey of the Land or that could be ascertained by an inspection ofthe Land

5. Any lien, or right to lien, for services, labor, or material heretofore or hereafterfurnished, imposed by law and not shown by the Public Records.

6. Taxes, or special assessments, if any, not shown as existing liens by the PublicRecords

7. The lien of the General Taxes for the year 2020, and thereafter.

General taxes and special assessments for the fiscal year 2019 in the original8.amount of $4,801.20.

First Installment: $2,400.60, PAIDSecond Installment: $2,400.60, DUE, but not delinquent until afterMay 11, 2020Property I.D. # GT-VC-00764PIN #00264755

The following matters which are shown on or disclosed by the recorded plat9.referred to in the legal description: easements.

Title Report Report No: 2361677Page 3 of 4

Page 18: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not

Any questions regarding this report should be directed to: Josh TroyerPhone: 316-293-1665, Email: [email protected]

An easement for pipeline right-of-way, recorded as Misc. Book 100, Page 592.10.In favor of: White Eagle Oil Corporation; last assigned to DerbyRefining Company on Film 993, Page 778Affects: S 1/2 of SW 1/4 of Sec. 31-25-1E

Covenants, conditions, restrictions, easements and assessments contained in11.Film 857, Page 914.

Subject property may become subject to special assessments for various12.capital improvements as evidenced by numerous governmental filings ofnotice in the form of resolutions filed on Film 311, Page 421 and Film 803,Page 535.

Rights of parties in possession under unrecorded leases.13.

Dated: March 10, 2020, at 7:30 a.m.

SECURITY 1ST TITLE

By: LICENSED ABSTRACTER

Title Report Report No: 2361677Page 4 of 4

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520 S. Ramsey Dr., Valley Center, KS 67147

Zoning – C-2 General Business District

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Page 21: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
Page 22: 520 S. Ramsey Dr. | Valley Center, KS 67147€¦ · Property Address: 520 S. Ramsey Dr., Valley Center, KS 67147 This Title Search Report is NOT a commitment to insure and is not
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GUIDE TO CLOSING COSTSTHE SELLER CAN EXPECT TO PAY• HalfoftheOwner’sTitleInsurance• HalfoftheTitleCompany’sClosingFee(Except VA)

• RealEstateCommission• NotaryFees(If Applicable)

• AnyLoanFeesRequiredbyBuyer’sLender(According

to Contract)

• PayoffofAllLoans,IncludingAccruedInterest,StatementFees,ReconveyanceFeesandAnyPrepaymentPenalties

• TermiteTreatment(According to Contract)

• HomeWarranty(According to Contract)

• AnyJudgments,TaxLiens,Etc.AgainsttheSeller• RecordingChargesRequiredtoConveyClearTitle• AnyUnpaidTaxesandTaxProrationfortheCurrentYear• AnyUnpaidHomeowner’sAssociationDues• AnyBondsorAssessments (According to Contract)

• RentDepositsandProratedRents(If Applicable)

THE BUYER CAN GENERALLY EXPECT TO PAY• HalfoftheOwner’sTitleInsurance• HalfoftheTitleCompany’sClosingFee(Except VA)

• Lender’sTitlePolicyPremiums• DocumentPreparation(If Applicable)

• NotaryFees(If Applicable)

• RecordingChargesForAllDocumentsinBuyer’sName• TermiteInspection (According to Contract)

• Homeowner’sAssociationTransferFeeandDeposit(If

Applicable)

• AllNewLoanCharges(Except Those That the Lender

Requires the Seller to Pay)

• InterestonNewLoanFromDateofFundingto30DaysPriortoFirstPaymentDate

• HomeWarranty (According to Contract)

• Homeowner’sInsurancePremiumforFirstYear• AllPre-PaidDepositsforTaxes,Insurance,MIP,Etc.

WHAT TO EXPECT

12041E.13thSt.N.,Wichita,Kansas67206316.683.0612|800.544.4489www.McCurdyAuction.com