South Shore Abstract, Inc.

SELLER’S AFFIDAVIT OF TITLE

Re:Title No. ______

Address: ______

______

STATE OF NEW YORK)

COUNTY OF ______)

______AND ______

each being duly sworn deposes and says:

I reside at :______;

  1. I am the ______of ______, the grantor (grantee) in the Deed conveying title to the premises described under the above title number. I
  2. I am the same person named as grantees in Deed recorded in Liber/Reel ____ at page ____.
  3. I/We have not been known by another other name in the past ten years except: ______
  4. There are no judgments, parking violations bureau judgments, federal or state tax liens or warrants against me.
  5. The judgments, parking violations bureau judgments, environmental control board judgments, Federal Tax Liens, State Tax Liens, warrants and other liens returned in the above captioned title report are not against your deponent but against a person of the same or similar name. I have never resided , worked, registered a car, owned, or done business at any of the addresses set forth in such judgment or liens.
  6. No work has been done on the premises which may result or has resulted in: charges or notices by the New York City Department of Rent and Housing Maintenance Emergency Services or any other Department or agency of the City of New York. There are no outstanding emergency repair liens or health liens due to or from the City of New York.
  7. There are no street vaults, or openings under the sidewalks.
  8. No proceedings in bankruptcy have been instituted by or against me(it); nor have I(it) ever made an assignment of rents of said premises or an assignment for benefit of creditors.
  9. I am the same person who applied for and am entitled to the ______tax exemption set forth on the tax search in the above referenced title report.
  10. There are no liens or mortgages affecting title to the subject, other than those set forth in the above referenced title report.
  11. That I am the ______of ______. That there are no New York State Corporate Franchise Taxes and no New York City General Business Taxes due and owing from said corporation. That the charter of said corporation is in full force and effect, and no proceeding is pending for its dissolution.
  12. I am (we are) aware of the payoff letter(s) from ______; dated ______respectively showing the prior principal balance, unpaid interest and per diem, required to satisfy the existing mortgage(s) and that the same is/are correct in all respects.

In consideration of your omitting the existing mortgage from your title policy to be issued, I hereby request you to fully pay off the existing mortgage totaling $ ______, to be transmitted promptly to the holder of the mortgage(s) in satisfaction of my existing mortgage indebtedness, and do hereby agree to pay you, on demand, any additional monies required by the holder of said mortgage to enable you to obtain a satisfaction there of in recordable form. I further state that the lender has the right to deduct any shortages from the tax escrow account. If the mortgage(s) being paid off is an equity source/credit line mortgage, I (we) hereby consent to have the account frozen, and request that the holder of the mortgage(s) accept the payoff check as full settlement and close the account upon receipt of the proper payoff amount and issue a satisfaction(s) of mortgage within the required time period.

  1. That, for purposes of compliance with Section 265-a of the Real Property Law (Home Equity Theft prevention Act), Affiant states of his/her own knowledge that there are no lawsuits or proceedings pending to foreclose a mortgage or tax lien affecting the Premises; and that the Premises is not subject to a mortgage which is in default (more than two months in arrears).
  2. My Social Security Number (Employer Identification Number) is ______
  3. My(our) forwarding address is:

______

______

16.I am not a party in any “Matrimonial Action” brought under New York Domestic relations Law Section 236.

I make this affidavit to induce MacGregor Abstract Corp. and its underwriter to insure title to the above mentioned premises, knowing they will rely upon the truth of the statements made herein.

______

______