| Show Bill FACILITATES TRANSFER Of LAND Advocated Advocated Torrens System Again by Senator Hollings- Hollings worth ON STATUTES OF ILLINOIS In Inn State Sin I a mm frI cc- cc I HC H Would 1 II tnt h In- In ile Titles t in tl Heal Il H MS ats ii lf i mm i mo 10 I I ol I Senator itt toe I the time leg U-s- bill Into Inlo Ton Ton-ens Jt- Jt the he OCI hi bill hill relays y rime ho lo to land humid titles title and amid was vt's Introduced I tuu t o wj success Tho lh ir yetis years a ago o without t In at ut system of ot the thc Ton Ton-ens and auth In him Australia i ito Is Pm Islo vo vogue ue In Illinois a 11 11 and transferring to lo make Ui real Ical estate as radio facile u us pos possible of 1 10 to a ascer- ascer it rendering simple sible Ible h h by the time title and amid e ou eusy y to transfer It I. I of or tho the bill da I 1 in n ii speaking Iea hi Senator s orth said is iM The fhe operation of the lime tle system Astern in iii a It acourt acourt proceeding il commenced by b a court of oC record to determine and quiet the tIme title to real estate a after actual notice nOlice to all al known claimant and nt notice by 0 publication to lo all al other poi Pet CI- CI sons soils I In ii I this his proceeding the tho u 0 owner n nor norIs his title b lJ II I- I I Is Pm compelled to t prove e 1 tive evidence The The court th thereupon l hum him to bethe be bethe makes inches a decree adjudging hll 1 This decree is flied filed with a n th the O ICI owner Oell called th time the leg leg- officer public recording caled reg registrar of title Ic who i issues a I Is which of in iii duplicate the thc original hook book In an official record n registered amid the time copy COP Is cred to time the tt ow owner 11 and his receipt filed I leI CI the time Ton Ton-ens fy system tem as aI it is found in iii Australia Illinois and audi elsewhere til tIn time sUite state absolutely guarantees this title tlc as us certified to leeree Ib Is Pi lIa IThe I. I The Tic decree secured is final Inal and conclusive as against the thc right of or all ul persons OI both and aie I u a as Jel to 10 an any aimy estate or l or n as us loan to lo not a as- as charge an any lien mortgage or 01 and amid noted upon lIOn the tIme till till- c cate The TIme act acl provides pIo that the the fee ce cc simple should be first and that all al lesser N estates mortgages liens lens or t. t charges charres outstanding at the time should hould h be ascertained and amid noted on 01 the face of or the certificate This done th the re registration I Is deemed complete I and anti Implies an agreement which runs lUIS I with wih time the lan laud land that It l In its subject to tu U time the provisions provision of oC the time net act and amid that thereafter all cli al mid encumbrances brances should be lie made according U tc Uthe S th the Alter Uler rc registration no imo 10 title tte can camm be le obtained lJ by a adverse verse pos S tC session slon The Time presumption of good S faith alUm attaches to the time purchaser of lel registered land Jamal and amid he lie is it not riot held l to Inquire into the circumstances surrounding sun sur roun rounding ing or on the time consideration lot for CO lie He is not 1 an any amy registration affected with wih notice cither actual or on constructive of any unregistered trusts liens Hem claims demands or 01 Interests in- in v crests S 5 I v After rh first registration C t title le IH Is JH paused ct simply by 1 endorsing time the C certificate I atc tH or by with the time registrar a deed for lot tho time estate or 01 any ammy Interests therein and amid ald surrendering the tho duplicate certificate of title tite This makes the transfer complete and amid tin tin- vests in iii the ItHIe upon the time registrar cancels the lie old and issues a new certificate of or title nc tle All Al Instruments purporting to toconey convey con or 01 01 create an un encumbrance upon ullon land Jamal except tC CIC wis wills mid and leases leass not exceeding one year em where the time land laud is in in the time po possession of the le lessee cc or his assigns ns arc are before f filling filing I lS' lS only contracts contracts con con- cn- cn tracts and amid authority to the time registrar to register them but hut upon filing charge or 0 transfer the time land All Al encumbrances en en- cumbrances all and amid all ni releases of or such arc required to be he registered aim and ale fre freI I then lieu always noted upon uon the time last C l lOcate As H a consequence the time la last l certificate shows show all ni the time charges outstanding out out- stand standing In on un time the the land lantI which allows the state of oC the time title tte to be ascertained at ata atU a U glance Aim n Any one uric can make a correct coN cor Icet and amid complete statement nt of title tte |
