Question

Any reservations pertaining to the surface of real property should appear on:

1) the promissory note
2) the bill of sale
3) the face of the Warranty Deed
4) the UCC 3
5) Schedule A of the lenders title policy

Answer 1

Reservations pertaining to the surface of real property should be stated on the face of the Warranty Deed.

Step-by-step explanation:

The correct answer is 3) the face of the Warranty Deed.

Reservations pertaining to the surface of real property should be stated explicitly on the face of the Warranty Deed. This is a legal document that transfers ownership of the property from the seller to the buyer. It contains important information about the property, including any reservations or conditions that may affect its surface.

For example, if there is an easement on the property that allows someone else to have access to a portion of it, this should be disclosed on the Warranty Deed. Other surface reservations might include rights-of-way, encroachments, or restrictions on land use.