Final answer:
The question involves a title insurance claim related to a view easement and the necessary assignment of rights back to the title insurance company. Escrow is mentioned for its role in securing transaction payments, while easements play a crucial role in land use and development.
Step-by-step explanation:
The scenario describes a situation in which a title insurance company pays a claim to a buyer because of an issue with a view easement that was insured against. The buyer then assigns any rights against the original owner for breach of the implied covenants in the grant deed back to the insurance company. This assignment of rights allows the title insurance company to seek compensation from the original owner if the owner breached any covenants regarding the title that was meant to be free and clear.
Escrow is related to this process because it's a financial arrangement where third parties hold and regulate the payment of funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are fulfilled.
Specific to real estate and land use, easements are important to consider as they are rights to use the property of another for specific purposes and can affect future use or development of a property, as in the case described. When selling property, such as a farm for commercial or residential development, an accurate property title is crucial, which is where title insurance plays a role. Lastly, not all land use restrictions arise from government actions; some can be established through restrictive covenants and easements, which are created by land developers and land owners.