Chicago Title NCS Chicago: SYFCREC 2021

Surviving Your First Commercial Real Estate Closing I Surveys General Survey Exceptions Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the title that would be disclosed by an accurate and complete land survey of the Land Easements, or claims of easements, not shown by the Public Records o With an acceptable ALTA survey, the general survey exceptions are removed o Matters disclosed by the survey, if any, are raised specifically in one or more detailed survey exceptions 3 Surviving Your First Commercial Real Estate Closing I Surveys Sample Survey Exception The following matters as shown on the ALTA/NSPS Land Title Survey prepared by John Doe of ABC123 Surveying, Inc., dated October 19, 2021 and designated Job No. 1234-5: A) Building located on the westerly adjacent property encroaches onto the Land B) Utility line crosses the southwesterly portion of the subject property without benefit of a recorded easement C) Fences do not correspond with boundary lines D) Building on the Land encroaches onto the utility easement recorded as Document No. 54321 4 3 4 113