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You are assisting in a real estate loan transaction. Your firm has a title agency, and you have been asked to prepare the final title
You are assisting in a real estate loan transaction. Your firm has a title agency, and you have been asked to prepare the final title policy for the lender. The recorded mortgage has been sent to you. The mortgagor is Acme Land, Inc., and the mortgagee is the American Eagle Life Insurance Company. The mortgage is dated June 6, 2019, and was recorded at 2:32 p.m. on June 7, 2019. The mortgage was recorded at Deed Book 1718, Page 48, Richland County, Indiana records. The mortgage states that it secures a note in the principal amount of $625,000.
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Step: 1
Schedule A of the title policy Schedule A of the title policy lists all of the covered items under the policy In this case the mortgage would be shown as follows Item Description Mortgage Mortgage sec...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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