(“THE MULLIGAN”)

If, prior to teeing off from the teeing ground of the first hole of any stipulated round, a player informs his fellow players of his intention of replaying one unsatisfactory tee shot and secures from them their clearly stated consent to this procedure, he may, upon h itting a flawed drive, put into play a revisional ball (Mulligan) without asssessing a stroke or incurring any penalty, under whichever of the following conditions of permissible replay has been mutually agreed to:

1. On the first tee of any 9-hole or 18-hole course, or

2. On the first and the tenth tees of any 18-hole course, or

3. On the tee of any one hole, regardless of its position in the sequence of holes.

However, if a player elects to hit a revisional ball, he must play that ball, even if it comes to rest in a lie substantially worse than that occupied by his original ball, unless the option of playing the better of the two balls has itself also been separately endorsed by all the players in the playing group. (See Exception #2, Preferential Ball)

A fire destroys only the house and improvements. The ground is left. A defective title may take away not the only the house but also the land on which it stands. Title insurance protects you (as specified in the policy) against such loss.

A deed or mortgage in the chain of title may be a forgery.

A deed or a mortgage may have been signed by a person under age.

A deed or a mortgage may have been made by an insane person or one otherwise incompetent.

A deed or a mortgage may have been made under a power of attorney after its termination and would, therefore, be void.

A deed or a mortgage may have been made by a person other than the owner, but with the same name as the owner.

The testator of a will might have had a child born after the execution of the will, a fact that would entitle the child to claim his or her share of the property.

A deed or mortgage may have been procured by fraud or duress.

Title transferred by an heir may be subject to a federal estate tax lien.

An heir or other person presumed dead may appear and recover the property or an interest therein.

A judgment or levy upon which the title is dependent may be void or voidable on account of some defect in the proceeding.

Title insurance covers attorneys’ fees and court costs.

Title insurance helps speed negotiations when you’re ready to sell or obtain a loan.

By insuring the title, you can eliminate delays and technicalities when passing your title on to someone else.

Title insurance reimburses you for the amount of your covered losses.

A deed or mortgage may be voidable because it was signed while the grantor was in bankruptcy.

Each title insurance policy we write is paid up, in full, by the first premium for as long as you or your heirs own the property.

There may be a defect in the recording of a document upon which your title is dependent.

Claims constantly arise due to marital status and validity of divorces. Only title insurance protects against claims made by non-existent or divorced “wives” or “husbands.”

Many lawyers, in giving an opinion on a title, protect their clients as well as themselves, by procuring title insurance.

Over the last 24 years, claims have risen dramatically.

Source: Chicago Title Insurance Company.  www.ctic.com.   The Law Office of J. Christopher Geiger, PC is an agent for Chicago Title Insurance Company.