TERMS AND CONDITIONS

 

This search is of the land described herein by legal description and where based upon a street address furnished by applicant, Chicago Title Insurance Company (CTIC) assumes no liability for the accuracy of the determination that the street address so furnished and listed, and the land described by legal description, constitutes the same premises. This search is made of CTIC tract indices which are geographic indices organized by legal description. Recorded instruments, including deeds or mortgages, which do not contain legal descriptions, are not posted in CTIC tract indices and will not be disclosed by this search.

 

CTIC has made this search using the same care and diligence for applicant as CTIC uses for itself in preparing searches for use in underwriting title policies, and no greater; in the event, however, that error should occur in the posting or searching of the said indices or in the reporting of the requested information, applicant agrees that the liability of CTIC is limited to actual damages sustained by applicant, but in no event shall such liability exceed $10,000 in the aggregate, for all searches ordered by a single application. Nonpayment by applicant of CTIC search charges shall relieve CTIC of all liability for posting, searching and reporting error. CTIC does not analyze instruments for legal sufficiency. Instruments are posted to tract indices and reported by searchers based on the characterization of the instrument by its preparer. This search is not a title insurance policy, guarantee, or opinion of title and should not be relied upon as such.

 

This search is made by CTIC solely for the benefit of the applicant. No third party (other than a party making a loan on the land described herein) shall have any right to rely on said search for any purpose whatsoever under any third party beneficiary theory, products liability theory or any other theory of law whatsoever.

 

U.S. Fair Credit Reporting Act, 15 U.S.C. 1681-1681t Statement:

 

This search is furnished by CTIC for the purpose of providing information relative to the record ownership of the subject land and without any regard to the credit worthiness of the particular parties who have owned or possessed the land during the search period.

 

The information furnished on this search is based on the spelling of the names searched furnished by applicant.

 

Items posted against corporate names, the spelling of which may vary from the corporate name search by us, have not been shown of record.

 

This search does not show judgments unless a transcript, certified copy or memorandum of the judgment has been filed in the Recorder’s Office pursuant to 735ILCS 5/12-101.

 

No search has been made of the index in the district office of the Internal Revenue Service under Sec. 6323(f)(4) of the Internal Revenue code.

 

The applicant acknowledges that this search will be used only for the purposes certified in the application previously furnished us, and is not to be used contrary to the provisions of the U.S. Fair Credit Reporting Act (FCRA), 15 U.S.C. 1681-168U.

 

Note: CTIC is forbiddden by the FCRA from disclosing in response to an application any bankruptcy more than 14 years old, any suit or judgment more than 7 years old (unless the governing statute of limitations has not expired), changes of name, divorces or insanities if more than 7 years old, UNLESS the purpose of this search is one of those noted at number 7, 8, 9,10, or 11 of the application, and such purpose is stated on the reverse side thereof.

 

This report does not include a search for easements and restrictions of record or matters not disclosed in the public records.

 

The Company shall have no liability for this report unless the invoice for the same is paid in full within 30 days of the invoice date.

 

This report expires six months from date of issue.