Chicago Title NCS Chicago: SYFCREC 2021

Surviving Your First Commercial Real Estate Closing I Title Commitments Mechanic’s Lien Acceptable Title Clearance: o Original Release to be recorded o Payoff Letter o Title Indemnity Mechanic’s lien claim in favor of ABC Corporation against Stellar Seller, Inc. recorded March 21, 2021 as Document No. 2062455954 in the amount of $50,000.00. 31 Surviving Your First Commercial Real Estate Closing I Title Commitments Exceptions to Consider o Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the public records. o Notwithstanding the insuring provisions or any other provision contained herein, the Company does not insure against loss or damage caused by a lack of a right of access to and from the land. 32 31 32 19