Extract to table

Nevertheless, the easement must be carried forward as a title exception in the new owner's title insurance policy and must be accurately depicted on the updated survey

• Additional Certifications: The 2021 standards include modifications to the standard certification language that must appear on the face of the survey, including updated references to the applicable minimum standard detail requirements

Any such changes occurring during this gap period must be identified through updated fieldwork and resolved prior to closing

The updated survey must be prepared in full compliance with the 2021 ALTA/NSPS Minimum Standard Detail Requirements for Land Title Surveys (effective February 23, 2021) and must include updated fieldwork reflecting current as-built conditions at the Property

To delete or modify this exception — as Pinnacle Federal Savings Bank will require as a condition of its commitment to fund the acquisition mortgage — a current survey certified to the title insurer must be delivered and reviewed by the title company

Given the fifteen-year interval between the existing survey and the anticipated closing, and the major renovation program undertaken during that period, any discrepancies between the record legal description and the actual physical conditions must be identified and resolved