Standard Requirements in Missouri

Parties

General

• Names of Purchaser to be furnished and searched, and any additional objections by reason thereof to be certified prior to settlement.
• Estates or interests by which grantees are to hold title to be set forth in deed to insured.

Individuals

• Proof that [Grantees], grantees in [Deed of Record] are the same persons as the proposed mortgagors herein, and that they have never been divorced.
• Record title appears in the name of [Record Owner] individually; proof that divorce proceedings have not been filed, and no resulting award has been made of the subject premises.
• Property settlement agreement (if any) and any amendments thereto between ____________ and __________________ to be produced and examined prior to settlement.
• Proof that no award has been made of subject premises under divorce proceedings #[ ].

Church

• Articles of Incorporation of [Church] as required by the [LAW] to be produced and filed with the Company.
• Copy of By-Laws and any amendments thereto of [Church] to be produced and filed with the Company.
• Proof that the present Deed is being made by [Church] in accordance with the rules and regulations of any governing body, if any; consent of such body to be filed with the Company.
• Certified copy of Resolution of [Church] authorizing the execution and delivery of the present deed in accordance with its Articles and By-Laws of Section XXX of the [LAW] to be produced and filed with the Company.

Corporations

• Certificate of Incorporation of Grantor Corporation.
• Certified copy of resolution of Board of Directors of Grantor Corporation authorizing execution and delivery of Deed, and approval of shareholders if same is not in regular course of business.
• Taxes settled by the State of Missouri against Grantor Corporation. (search ordered)
• Unsettled taxes and other charges due the State of Missouri by Grantor Corporation.

LLC

• Certificate of Organization of [Name of LLC], LLC, and all amendments thereto to be produced and copy filed with Company and proof that same has been filed with the Commonwealth of Pennsylvania.
• Operating Agreement of [Name of LLC], LLC to be produced and copy filed with Company.
• Proof that all the consents and requirements of Operating Agreement have been met with respect to the authority of members or managers to execute Mortgage and accept delivery of Deed.
• Proof that [Name of LLC], LLC has not been dissolved.

LP

• Limited Partnership Grantor ([Name of L.P.])
• List of general and limited partners to be provided of [Name of L.P.]; possible additional objections and exceptions thereto.

GP

Maybe?

• Proof that John F. Bare and Lane E. Jackson are all the members of co-partnership.
• If less than all to be signatories, Partnership Agreement to be produced.
• No alteration in name or character, regarding John F. Bare and Lane E. Jackson, co-partners.
• Electing Partnership, regarding John F. Bare and Lane E. Jackson, co-partners.

Estates

• Possible Estate Tax due the United States of America by the Estate of [Name of Decedent], deceased.
• Estate Tax due the State of Missouri by the Estate of [Name of Decedent], deceased.
• AND the said [Name of Decedent] died on [date of death], leaving a Will dated [date of Will] for probate in _________ County in Estate File #[estate file number] in which he appointed [Name of Executor] as Executor, to whom letters testamentary were granted on [date of grant of letters].
  • NOTE: Remember to modify under different circumstances.
  • AND the said Bernice Johnson died on May 2, 2005, intestate, with an estate filed in the _________ County Register of Wills as Estate File #1505-0859 in which Carol Johnson was named as Administrator, to whom letters of Administration were granted on June 9, 2005.
  • AND the said Dominic J. Mattia died on October 23, 2003, intestate.
  • AND Letter of Administration for the Estate of Dominic J. Mattia, deceased, were granted Donald N. Mattia on November 6, 2003 by the ____________ County of Register of Wills in Estate File #1503-1559.

Trusts

• Trust Agreement and any amendments thereto to be produced and examined; any additional objections and/or exceptions may be added.
• Proof that the Trusts created are still subsisting and the constituents thereto are still alive and competent before the law.

Properties

Community Associations

Condominiums

• Recordable statement from the Unit Owners Association of [ ] Condominium to be produced, setting forth the amount of unpaid assessment currently levied against this unit in accordance with the provisions of Section XXX of the Uniform Condominium Act.

PUDs

• Proof that all unpaid assessments due the Homeowners’ Association are paid to date of settlement.

Survey

• Survey to be produced and recorded; possible additional exceptions and objections to be added upon examination of the same.

Encumbrances

• NOTE: There are several civil suits and judgments against similarly named individuals, but none appear to be against the record owner(s) above; same to be provided upon request.