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AMP <br /> N. C . Department of Agriculture & Consumer Services = <br /> N . C . ADFP Trust Fund <br /> Closing Agent Requirements for Easement Programs <br /> 10 . Certify that he or she will . <br /> a. Examine the real estate records and certify title for a period of at least sixty years . <br /> b . Immediately prior to closing, examine the real estate records covering the time from the <br /> effective date of the title commitment to the date of closing to determine that no new <br /> encumbrances have been recorded against the subject property, no adverse change in title <br /> has occurred and that there are not intervening matters affecting the title that might result <br /> in a new title exception on the policy . Notify NCADFPTF of any such changes or matters <br /> that are discovered, and delay the closing, the recording of the deed, and the <br /> disbursement of funds pending consultation with NCDAFPTF . <br /> c . Obtain the property executed conservation easement deed from the landowner and any <br /> other required signatory parties . <br /> d . Comply with any listed title commitment requirements . <br /> e . Obtain and record as instructed the properly executed curative documents for any items <br /> required to be removed, released, subordinated, waived, or otherwise handled as required <br /> by the title commitment or proforma policy and closing instructions . <br /> f. Secure the policy of title insurance referred to below. <br /> g . Ensure all taxes , homeowners ' assessments, etc , are current as of the date the <br /> conservation easement deed is recorded . <br /> h. Record the conservation easement deed within 2 business days of execution. <br /> i . Complete Internal Review Service (IRS) tax reporting Form 1099 for the full easement <br /> compensation amount, as identified in the conservation easement deed. <br /> 11 . Immediately following closing, issue policies of title insurance free and clear of any and all <br /> encumbrances (exceptions) to the title except those that NCADFPTF , have determined to be <br /> acceptable . See attached NCDAFPTF title requirements. <br /> 12 . Certify that the following package will be delivered within five (5) business days of receipt of <br /> recorded documents form the local land records office to NCADFPTF : <br /> a. Policy of title insurance (original and one copy) on the appropriate form . <br /> b . Recorder ' s certified copy of the recorded conservation easement deed and a recording <br /> receipt. <br /> c . Recorder ' s certified copies of any curative documents, including subordination <br /> agreements . <br /> d . Original and one copy of executed settlement statements . <br /> e . Record of disbursement of funds to the landowner . <br /> 13 . Acknowledge receipt and agree to comply with the terms of these requirements by promptly <br /> signing and returning a signed copy of these closing agent requirements to NCADFPTF . <br /> 14 . Provide a complete State of North Carolina Substitute W-9 Form and State of North Carolina <br /> Vendor Electronic Payment Form with this document . <br /> a. Per the Office of State Controller, the State of North Carolina Substitute W-9 Form and <br /> State of North Carolina Vendor Electronic Payment Form must be dated within one year <br /> prior to transmitting funds to the closing agent ' s escrow account . Updated forms must be <br /> submitted before requesting funds . <br />