Show FUNDAMENTALS AlS OF f ABSTRACTING Deed Does Does DoesN N Not t Assure Perfect Title Titie to Property Prop Prop- e erty tY Jenkins enkins Says Many purchasers of 0 r real al estate estat are arc under the tie ImpressIon th that t when they re receive 1 e a IL deed with the the ab ab abstract s of 9 title the title o J the e property t they ey are p purchasing r 1 Is perfectly pcr per per- established hed an and th that t having baying the abstract makes the title good a according to Albert Eccles of the tM Ashton Realty company This is s a mistake An abstract of of title Is nothing more nor less than y of or or of or an art abstract ct from the records showing the th History of t such real stat estate By this Is meant the the various transactions In which this r piece or of real feat estate has figured It may show a perfectly perfectly per per- good title or it may show on the other hand that the title Is not good and Its purpose therefore Is Isto Isto isto to secure the record or history of gf said rea real estate In Inn ma a short and concise concise concise con con- cise form for the purpose of 0 ei cx ex One On common form s starts arts with the heading describing the land ab ab- ab stra ted tod Th Then n beginning with Ith the grant from the United States which in In Includes l des the premises abstracted sections f follow which sloW show In chronological order each transfer of said property from one person to i another or by deed will court procedure procedure procedure pro pro- or other mode of 0 convey convey- ance Each section is devoted to toone toone toone one particular transfer and sets lets out the Important and essential points of ol the deed eed or other Instrument or Instruments by which the property is conveyed If It any defects detects in the instrument of 0 conveyance exist or any such instruments are missing such facts must be clearly set forth in the abstract Following the deeds and other In Instruments Instruments instruments In- In of 0 conveyance are usually sections devoted to recorded mortgages mortgages mort mort- gages that have hav been placed against said property and reciting whether such mortgages have been satisfied and canceled Leases Lenses are n next covered showing covered showing whether they have expired been canceled or are still In force and effect or If II there have been no leases a recitation to that effect Sections are then d devoted voted to showing showing- the mechanics mechanic's liens pend pend- i ing suits living Judgments and and foreign for for for- eign executions if It any giving de details details de de- tails in each case which would enable enable en en- able a a. person examining the ab ab- ab to det determine whether they are now no noor or may become at a a. later date lIens Hens on the premises or prop- prop erty Taxes Tun and such assessments then are shown followed by the cate of 0 the abstracter that he has in the examined the official records county and that th the abstract shows every instrument of 0 record affecting affecting affect affect- ing the title to said premises or or property as shown In the Indexes in the various county offices It does not show how Instruments not of record nor is it ft on the other hand an opinion of the title I From the foregoing short description tion of or an abstract and its purpose it tt will be readily seen that In all cases an abstract should be made by someone who is thoroughly Ja- Ja with the laws of 0 conveyancing conveyancing convey and nd the transferring the th title and real estate He should also also be bo familiar with the methods ot of recording recording re- re cording and Indexing the various various' instruments of 0 conveyance etc in 10 order that all aU Instruments nw may mayb readily found If It on record and any a o defects delecta of 0 the Instruments properly r t noted It will be readily understood that It Jt Is of 0 extreme importance that all flU conveyances or other Instruments pertaining to real estate are properly properly prop prop- erly dawn and recorded and th that tr f finally it is of ot absolute necessity tc to td have your abstract thoroughly e ex examined examined ex- ex to make sure that yo your r t title Is clear so that you will have havo n no ito trouble In case you wish to sell |