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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. 


How should the mortgage be shown in Schedule A of the title policy? 


Who is the insured in the title policy? 


What is the amount of the insurance coverage provided for by the title policy? 


Give a brief explanation of your answers and a draft of how you would identify the mortgage on Schedule A.

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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... blur-text-image

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