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Item 23 - Real Estate Title and Escrow Services
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03/02/2021 Regular
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Item 23 - Real Estate Title and Escrow Services
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4/10/2024 1:51:18 PM
Creation date
8/22/2023 7:48:17 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
23
Date
3/2/2021
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CHICAGO TITLE INSURANCE COMPANY <br />CHARGE <br />(Percentage of <br />applicable Base <br />POLICY <br />Rate unless <br />CLTA NO. <br />DESCRIPTION <br />FORM <br />otherwise indicated) <br />124.3-06 <br />Covenants in Lease are <br />Owner <br />Binding (Lessee or Lender) <br />Lessee, only: <br />Extended <br />20% <br />Standard <br />20% <br />Lender All <br />policies: <br />10% (only one <br />charge applies <br />when both <br />endorsements <br />124.2-06 and 124.3- <br />06 are issued on <br />one policy) <br />125-06 <br />Truth in Lending (Lender) <br />Lender: <br />(ALTA 2-06) <br />Extended <br />10%, Min $25, Max <br />$100. <br />127-06 <br />Nonimputation — Full Equity <br />Owner: <br />(ALTA 15-06) <br />Transfer (Owner) <br />Extended <br />10% <br />Standard <br />10% <br />127.1-06 <br />Nonimputation — Additional <br />Owner: <br />(ALTA 15.1-06) <br />Insured (Owner) <br />Extended <br />10% based on <br />percentage interest <br />acquired by <br />Additional Insured <br />Standard <br />10% based on <br />percentage interest <br />acquired by <br />Additional Insured <br />127.2-06 <br />Nonimputation -- Partial <br />Owner: <br />(ALTA 15.2-06) <br />Equity Transfer (Owner) <br />Extended <br />10% <br />Standard <br />10% <br />128-06 <br />Mezzanine Financing (Owner) <br />Owner: <br />(ALTA 16-06) <br />Extended <br />20% based on <br />amount of <br />Mezzanine Loan <br />Standard <br />20% based on <br />amount of <br />Mezzanine Loan <br />97 <br />State of Califomia <br />Effective: August 22, 2018 <br />
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