42 DCNCS.CTIC.COM DC – ALTA COMMITMENT FOR TITLE INSURANCE 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 5 DC-CT-FA61-02100.141018-SPS-1-23-SampleDCACC only); G. stormwater fees and any water and sewer System Availability Fee (“SAF”) through and including the effective date of said policy; H. water charges and sanitary sewer service charges through and including the effective date of said policy. Seller MUST provide all water account numbers that pertain to the subject property. Seller must fully complete and execute the DC Water Authorization Form. This must be completed and returned to title company 7-10 days prior to closing in order to obtain the estimated amount needed to collect at closing for the final water reading. (Note: CAFÉ Assessments and Vault Rent both run for the period July 1 through June 30 and are each due in one annual installment. The bills for CAFÉ Assessments are issued mid-May and are due in advance by June 30. The bills for Vault Rent are issued in August and are due by September 15 for the period that began the preceding July 1.) 12. Evidence must be submitted of the payment of all business improvement district taxes (“BID” Taxes) or community improvement district taxes (“CID” Taxes) for the _____Fiscal Year. The property referred to herein is situate within the boundaries of the ___________ (Capitol Riverfront; Georgetown; Downtown; Golden Triangle, Capitol Hill, NoMa) Business Improvement District (“Downtown BID”) Mount Vernon Triangle Community Improvement District (“Mount Vernon Triangle CID”). (Note: Downtown BID/ Mount Vernon Triangle CID taxes will be assessed annually for the tax period from October 1 through September 30 and must be paid in advance in two (2) equal installments. The first installment is due on or before October 1 for the period October 1 through March 31; the second installment is due on or before April 1 for the period April 1 through September 30.) The _____ installment thereof has been paid in the amount of $ . A one-time penalty of 10% and monthly interest at the rate of 1.5% will accrue on past due amounts until paid. 13. All real property taxes and assessments, general and special, must be paid through _______________. (Note: Taxes are assessed on a fiscal year from October 1 through September 30, and may be paid in two (2) equal installments. The first installment is due on or before March 31 for the period from October 1 through March 31; the second installment is due on or before September 15 for the period from April 1 through September 30.) The second half installment of taxes for the current fiscal year has been paid in the amount of $ . A one-time penalty of 10% and monthly interest at the rate of 1.5% will accrue on past due amounts until paid. 14. With regard to _ Limited Partnership, a _ limited partnership, (the “LP”), the following is required: A. a copy of the LP’s Partnership Agreement, together with any and all amendments thereto; B. a copy of the LP’s Certificate of Limited Partnership; C. a current Good Standing Certificate from the LP’s jurisdiction of formation; D. a Certificate of Authority from the District of Columbia (foreign LP only); and E. joinder by all of the general partners of the LP in the execution and delivery of the instruments required to consummate the transaction which is the subject of this Commitment, or in lieu thereof, evidence that the Partnership Agreement, as amended, establishes the authority of a single identified partner, or less than all of the partners to execute and deliver the same. Chicago Title NCS DC l MD Page 72
RkJQdWJsaXNoZXIy ODI0NDE4