Form-Rd Il 1927-9 - Preliminary Title Opinion - 1998
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1
2USDA-RD
Position 5
Form-RD IL 1927-9
(Rev. 11-98, OGC-CHI)
PRELIMINARY TITLE OPINION
Loan Applicant
Address of Property
Applicant for Title Examination
County
State
I.
At the request of the above-named applicant for title examination, I have examined title to
the real property described in attached Schedule A, offered as security in connection with
a loan to be made or insured by the United States of America, United States Department of
Agriculture.
II.
My examination covered the period commencing with _____________________________, filed for
record on __________________________, ______, at ________ M.o'clock, to
_______________________________________, ______, at ______________________M.o'clock.
III.
Based on said examination and any additional information concerning the title which has
come to my attention, it is my opinion that title to the property, subject only to the
encumbrances, reservations, exceptions, and defects, and the provisions of any security
instrument authorizing future advances which would have priority over the proposed United
States of America security instrument, all of which are set forth at the end of the
description, is vested in the following party or parties:
IV.
In order to vest good and marketable title in fact to the property in the loan applicant or
in the loan applicant and co-applicant as required or permitted by the United States
Department of Agriculture, subject only to the encumbrances, exceptions, and reservations
which under written authorization from the United States Department of Agriculture may
remain
outstanding,
the
following
satisfactions,
releases,
payments,
quitclaim
deeds,
warranty
deeds,
or
affidavits
or
other
conveyances
or
curative
instruments,
must
be
obtained and, unless otherwise indicated, recorded:
V.
The names of the parties, in addition to the loan applicant, who must execute the security
instrument in order to give the United States Department of Agriculture a lien free and
clear of dower, curtesy and homestead rights, are:
VI.
I will assist in closing the loan and promptly render a supplemental opinion covering the
interval from the terminal date of the search covered by this Opinion to the time when the
real estate security instrument and any other necessary instruments executed in connection
with the loan are filed for record.
VII.
I
have
made
the
title
examination,
and
issue
this
Opinion,
in
accordance
with
the
requirements on the reverse of this form.
This Opinion is issued expressly for the benefit
of the above-named applicant for title examination and the United States of America, United
States Department of Agriculture, and I assume liability to each hereunder.
______________________________________
_________________________________________
(Date)
(Attorney’s Signature)
_________________________________________
(Address including Zip Code)
Attachments
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