Chapter 4 Notes
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| 3 basic methods of legal description? | metes and bounds, rectangular, lot and block
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| The primary method of describing property in the original 13 colonies and considered best for describing properties in real estate contracts and deeds in NC. | metes-and-bounds descrition
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| To what do calls refer? | each boundry line in a metes-and-bounds system described by cource and direction
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| How many principal meridians are in the US and which direction do they run? | 37, North and South
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| What are township squares, how are they formed and how much area do they cover? | They are 6x6 miles sqare formed by the intersecting of consecutive range and tier lines, and cover an area of 36 square miles.
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| how many acres are in a township? | 23,040
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| What information is included in a township description? | Name or number of the principal meridian for that area, township tier and range strip in which the township is located
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| How many mile square sections is a township subdivided? | 36
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| Which imaginary lines run parallel to the base line? | tiers
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| Which imaginary lines run parallel to the prime meridian? | range
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| How many acres in a section? | 640
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| On which side of the township are the 1st and 36th sections located? | East
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| What do comma and simicolon mean in the governmental survey system? | of and and
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| How many acres in 1/4 of 1/4 of 1/4 of a 640 acre section? | 10
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| What is required for a plot map to be legally accepted for a property description? | The signed, approved subdivision plat must be recorded in the county where the land is located.
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| What 3 methods of land description are used in NC? | lot and block, metes-and-bounds, reference to publicly recorded document
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| What type of survey includes in addition to the legal description and sketch, the location, size, and shape of buildings located on the lot? | physical (mortgage location or identification) survey
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| What might an underwriter require to make certain no encroachments or title defects will make title unmarketable? | up-to-date survey of the collateral property
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| How wide are ranges and tiers? | 6 miles
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| The base line and township tiers run which direction? | East and West
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| The prime meridian and ranges run which direction? | North and South
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| What is an example of an informal reference and when can it be used as a legal description? | So long as they enable a surveyor to precisely locate the parcel of real estate, a street address is sufficient for use in a listing contract or short-term rental agreements.
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