REC

Recitals

An instrument such as a deed or mortgage in the chain of title may disclose an unrecorded lease, contract, mortgage, easement or other interest in the title. By such disclosure, the interest is then considered part of the chain of title and is binding on subsequent purchasers. Consequently, exception should be made to such recited interests. If recitals related to the condition of the land, you should call the Company.

Requirement

RECR01 STG

Require Release of Unrecorded Matters

A _________________ as disclosed by the instrument recorded _______________. The Company requires _______________ for its review. At that time, the Company may make additional requirements or exceptions.
Comment: An instrument such as a deed or mortgage in the chain of title may disclose an unrecorded lease, contract, mortgage, easement or other interest in the title. By such disclosure, the interest is then considered part of the chain of title and is binding on subsequent purchasers. Consequently, exception should be made to such recited interests. If recitals related to the condition of the land, you should call the Company.

Note: You may add additional local requirements here. Please consult with our underwriting personnel in preparing appropriate provisions.

Exception

RECX01 STG

Disclosure of Interest

A __________________ as disclosed by the instrument recorded ___________________.
Comment: An instrument such as a deed or mortgage in the chain of title may disclose an unrecorded lease, contract, mortgage, easement or other interest in the title. By such disclosure, the interest is then considered part of the chain of title and is binding on subsequent purchasers. Consequently, exception should be made to such recited interests. If recitals related to the condition of the land, you should call the Company.