41 DC – ALTA COMMITMENT FOR TITLE INSURANCE CHICAGO TITLE NCS DC | MD CHICAGO TITLE INSURANCE COMPANY COMMITMENT NO. SampleDCACC SCHEDULE B, PART I - Requirements (continued) This page is only a part of a 2021 ALTA® Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I-Requirements; Schedule B, Part II-Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance w-DC Mod (07/01/2021) Printed: 11.09.23 @ 06:03 PM Page 4 DC-CT-FA61-02100.141018-SPS-1-23-SampleDCACC then make additional Requirements or Exceptions. 8. With regard to _ LLC, a _ limited liability company (the “LLC”), the following is required: A. a full and complete copy of the LLC’s Articles of Organization, and any amendment(s) thereto; B. a copy of the LLC’s Certificate of Organization; C. a current Good Standing Certificate issued by the Secretary of State (or equivalent) from the LLC’s jurisdiction of formation; D. a current Certificate of Registration from the District of Columbia (foreign LLC only); E. an Affidavit of Members accurately identifying the current membership of the LLC; and F. a full and complete copy of the Operating Agreement governing the authority of any or all of the members of the LLC to act on behalf of the LLC. Note: This Commitment is subject to such additional exceptions as may appear upon review of said documentation. 9. The following must be duly released of record, or the same will appear as exception(s) to coverage under the policy anticipated by this Commitment: [if none, state NONE] A. Deed of Trust and Security Agreement from _______ to ____________, Trustees for the benefit of _____________, dated _______ and recorded ________ as Document No. ___________, securing the original principal sum of $______________. B. 10. A plat or survey must be submitted which has been made in accordance with “Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys” jointly established and adopted by ALTA and NSPS in 2016, and which meets the accuracy requirements of the appropriate classification of cadastral survey. Matters disclosed by the survey that in the Company’s judgment constitute defects in title to the property will be shown as exceptions to coverage under the proposed policy, replacing the general survey exception currently shown on this Commitment in Schedule B, Part II, Paragraph 5. 11. Evidence must be submitted of both the determination and payment of all other taxes, assessments, bonds and charges now due, and which may become due prior to the effective date of the policy anticipated by this Commitment. These taxes, assessments, bonds and charges include, but are not limited to: A. CAFÉ Assessments; B. outstanding liens in favor of the Office of Space Adjudication (“Vault Rent”); C. DC PACE Assessments (“Property Assessed Clean Energy” Special Assessments); D. Southeast Water and Sewer Improvement Special Assessments; E. liens for work performed by the Department of Public Works (“Clean & Lien” charges); F. amounts due the D.C. Office of Homestead Recapture (“Homestead Audit”) (residential property Chicago Title NCS DC l MD Page 71
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