Title Title Search Date of search: Firm: File number: Key Questions Yes No Is the title currently vested in an entity or individual other than the proposed borrower? . Does the report indicate that delinquent real estate taxes are owed? Does the report indicate any outstanding special assessments? Does the report identify any outstanding debt that is not disclosed on the listing of outstanding obligations? borrower’s Are there or will there be any Use and Maintenance Agreements associated with this facility? <<For each answer above, provide a narrative discussion on the topic describing the risk “yes” and how it will be mitigated.>> Pro-forma Policy Date/time: Firm: Policy number: Key Questions Yes No Is the title vested in an entity or individual other than the proposed borrower? . Are there any covenants, , encumbrances, liens, restrictions, or other exceptions indicated on Schedule B-1? . Are there any use or affordability restrictions remaining in effect on the property? Are there any easements or rights-of-way listed that are not indicated on the survey? Are there any endorsements included aside from the standard HUD-required endorsements? Are there any subordination agreements, encroachments or similar issues that require approval? HUD’s
Title Title Search Date of search: Firm: File number: Key Questions Yes No Is the title currently vested in an entity or individual other than the proposed borrower? . Does the report indicate that delinquent real estate taxes are owed? Does the report indicate any outstanding special assessments? Does the report identify any outstanding debt that is not disclosed on the borrower’s listing of outstanding obligations? Are there or will there be any Use and Maintenance Agreements associated with this facility? <<For each “yes” answer above, provide a narrative discussion on the topic describing the risk and how it will be mitigated.>> Pro-forma Policy Date/time: Firm: Policy number: Key Questions Yes No Is the title vested in an entity or individual other than the proposed borrower? . Are there any covenants, , encumbrances, liens, restrictions, or other exceptions indicated on Schedule B-1? . Are there any use or affordability restrictions remaining in effect on the property? Are there any easements or rights-of-way listed that are not indicated on the survey? Are there any endorsements included aside from the standard HUD-required endorsements? Are there any subordination agreements, encroachments or similar issues that require HUD’s approval?
9006_ORCF.DOCX