RD 1927-10 Final TItle Opinion

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Position 5

UNITED STATES DEPARTMENT OF AGRICULTURE
RURAL DEVELOPMENT
FARM SERVICE AGENCY

Form RD 1927-10
(Rev. 7-98)

FORM APPROVED
OMB NO. 0575-0147
Exp. Date: MM/DD/YY

FINAL TITLE OPINION
LOAN APPLICANT

ADDRESS OR PROPERTY COVERED BY THIS OPINION

APPLICANT FOR TITLE EXAMINATION

COUNTY

STATE

I have examined title to the property described in the security instrument described in paragraph II. B. below. My examination
covered the period from the time of termination of title sear,ch covered by my Preliminary Title Opinion on Form RD 1927-9; or
the time of recordation of the initial loan security instrument if this opinion covers land already owned by the loan applicant in a
,
subsequent loan case, to
a.m. (including the time of filing the current security
at
instrument).
(Date)
p.m.
II. Based on said title examination, my preliminary title examination if any, and any additional information concerning the title which has
come to my attention, it is my opinion that:

I.

A. Good and marketable title, in accordance with title examination standards prevailing in the area, to said property (real estate and
any water rights offered as security) is now vested in

as
(Joint tenants, tenants by the entirety, etc.)
B. The United States of America holds a valid

(Priority)

(Mortgage, etc.)

lien on said property as required by Rural

Development or the Farm Service Agency, or their successor (Agency), which lien was filed for record on
, at

a.m. and is recorded in
p.m.

(Date)
(Book, page, and office)

,
.

C. Said property and lien are subject only to encumbrances, reservations, exceptions, and defects which were approved by written
administrative waivers of the Agency attached hereto or to my Preliminary Title Opinion.
III. If a water right is involved and is not covered by the current security instrument, it is subject only to the encumbrances, reservations,
exceptions, and defects set forth in said administrative waivers and was made available as security in the following manner (Water
stock would normally be reissued in the names of said land owners and the United States of America and delivered to the Agency
Official at the time of loan closing):
A federal agency may not conduct or sponsor, and a person is not required to respond to, nor shall a person be subject to a penalty for failure to comply with a
collection of information subject to the requirements of the Paperwork Reduction Act unless that collection of information displays a currently valid OMB Control
Number. The OMB Control Number for this information collection is 0575-0147. Public reporting for this collection of information is estimated to be
approximately 20 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed,
completing and reviewing the collection of information. All responses to this collection of information are voluntary. However, in order to obtain or retain a
benefit, the information in this form is required under 7 CFR 1927-B, Real Estate Title Clearance and Loan Closing. Rural Development has no plans to publish
information collection collected under the provisions of his program. Send comments regarding this burden estimate or any other aspect of this collection of
information, including suggestions for reducing this burden to: Information Collection Clearance Officer, Rural Development Innovation Center, Regulations
Management Division of [email protected]

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IV. The term ''encumbrances, reservations, exceptions, and defects'' means all matters which would prevent the United States from
obtaining the required lien on the property identified in paragraph I, including but not limited to (a) mortgages, deeds of trust, and
vendors', mechanics', materialmen's, and all other liens, including any provisions thereof for future advances which could take
priority over the said lien to the United States, (b) Federal, State, and local taxes, including county, school, improvement, water,
drainage, sewer, inheritance, personal property, and income, (c) State and Federal bankruptcy, insolvency, receivership, and
probate proceedings, (d) judgments and pending suits, in State and Federal courts, (e) recorded covenants; conditions; restrictions;
reservations; liens; encumbrances; easements; rights-of-way; leases; mineral, oil, gas, and geothermal rights (regardless of the
right of surface entry); timber rights; water rights; pending court proceedings and other matters of record which affect the title of
the property or the ability of the buyer or seller to convey or accept title.
V.

This opinion is issued expressly for the benefit of the above-named applicant for title examination and the United States of America
acting through the United States Department of Agriculture Agency which provided the assistance, and I assume liability to each
hereunder.

(Date)

(Attorney's signature)

Attachments

(Address, include ZIP Code)

RD 1927-10, Page 2 of 2

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