Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / title-objection-letter.docx
title-objection-letter.docx
Parties
HARKNESS LLP
Coral Palms Resort Holdings LLC
Verimark Hospitality Group Inc
Driscoll LLP
Philip Tarrant Corp
Bayfront Specialty Insurance Corp
Castlegate Risk Advisors LLC
Harkness LLP Philip Tarrant Corp
Dates
January 11, 2023
December 15, 2022
December 9, 2022
December 19, 2022
June 1, 2019
June 5, 2019
October 15, 2022
March 1, 2023
Amounts
$160,000,000
$125,000,000.00
$118,500,000.00
$1,185,000.00
$47,000,000
$160,000,000.00
Obligations
The purpose of this letter is to set forth the Borrower's objections to certain Schedule B-II exceptions contained in the Title Commitment, and to identify those exceptions that must be removed, cured, endorsed over, or affirmatively insured over as a condition precedent to the closing of the Loan
Schedule B-I Requirements — Acknowledged We have reviewed the Schedule B-I requirements set forth in the Title Commitment and acknowledge that certain conditions must be satisfied in order for the Title Company to issue the lender's title insurance policy
Objection: This exception must be removed in its entirety from the final lender's title insurance policy as an absolute condition to the closing of the Loan
Request: We request the following confirmations and modifications: (a) The Title Company shall confirm in writing that all real estate taxes on the Property (Monroe County Property Folio No
Request: We request that each easement, restriction, and encumbrance of record be specifically identified in the Schedule B-II exceptions by its recording reference (Official Records Book and Page number or instrument number) and that the following actions be taken: (a) The Title Company shall provide this firm and Lender's Counsel with copies of each recorded easement, restriction, and encumbrance instrument identified in the Title Commitment; (b) The Title Company shall confirm that each easement of record has been plotted on the ALTA/NSPS Land Title Survey prepared by Landis & Shaw Surveying, Inc
Request: We request the following: (a) The general survey exception shall be deleted in its entirety from Schedule B-II; (b) In lieu of the general survey exception, the Title Company may include specific survey-related exceptions based on matters actually disclosed by the ALTA/NSPS survey, provided that each such exception is described with particularity and referenced to the survey; (c) The Title Company shall confirm that it has received, reviewed, and accepted the ALTA/NSPS survey prepared by Landis & Shaw Surveying, Inc