AFFIDAVIT OF TITLE

STATE OF  _______________________					
COUNTY OF ______________________,	SS:
_____________________________________ and ___________________________________________ says(s) under oath:
1.	Officers.  We are officers of ____________________________, a Corporation of the State of ____________.  The Corporation will be called the “Corporation” and sometimes simply “it” or “its”. The __________ President of the Corporation is ________________________ and resides at:  __________________________________________________.
The _________ Secretary is __________________ and resides at _________________________________________________.
We are fully familiar with the business of the Corporation.  We are citizens of the United States and at least 18 years old.
2.	Representations.  The statements contained in this affidavit are true to the best of our knowledge, information and belief.
3.	Corporate Authority.  The Corporation is the only owner of Property located at ___________________________________, called “this Property”.  The Property is to be _______________ by the Corporation to _______________________________.  This action, and making of this Affidavit of Title, have been duly authorized by a proper resolution of the Board of Directors of the Corporation.  A copy of this resolution, bearing the seal of the Corporation, is attached and made a part of this Affidavit.  The Corporation is legally authorized to transact business in the State of New Jersey.  It has paid all state franchise taxes presently due.  Its charter, franchise and corporate powers have never been suspended or revoked.  It is not restrained from doing business nor has any legal action been taken for that purpose.  It has never changed its name or used any other name.
4.	Approval of Shareholders.  (check only one)
[  ]	Shareholder approval is not required.
[  ]	This is a sale of all or substantially all of the assets of the Corporation.  The sale is not made in the regular course of the business of the Corporation.  A copy of the authorization and approval of the shareholders I attached.
5.	Ownership and Possession.  It has owned this property since ________________.  Since then no one has questioned its right to possession or ownership.  The Corporation has sole possession of this Property.  There are no tenants or other occupants of this Property.  Except for its agreement with the Buyers (if this is a sale) it has not signed any contracts to sell this Property.  It has not given anyone else any rights concerning the purchase or lease of this Property.  It has never owned any Property which is next to this Property.
6.	Improvements.  No additions, alterations or improvements are now being made or have been made to this property since___________.  It has always obtained all necessary permits and certificates of occupancy.  All charges for municipal improvements such as sewers, sidewalks, curbs or similar improvements benefiting this property have been paid in full.   No building, addition, extension or alteration on this property has been made or worked on within the past four months.  The Corporation is not aware that anyone has filed or intends to file a mechanic’s lien, Notice of Unpaid Balance and Right to File a Lien Claim, construction lien or building contract relating to this property.  No one has notified it that money is due and owing for construction, alteration or repair work on this property.
7.	Liens or Encumbrances. It has not allowed any interests (legal rights) to be created which affect its ownership or use of this property.  No other persons have legal rights in this property, except the rights of utility companies to use this property along the road or for the purpose of serving this property.  The Corporation does not have any pending lawsuits or judgments against us or other legal obligations which may be enforced against this property.  It does not owe any disability, unemployment, corporate franchise, social security, municipal or alcoholic beverage tax payments.  No bankruptcy or insolvency proceedings have been started by or against it, nor has it ever been declared bankrupt.  No one has any security interest in any personal property or fixtures on this property.  All liens (legal claims, such as judgments) listed on the attached judgment or lien search are not against the Corporation, but against others with similar names.  No recognizances have been filed against the deponent or the property and deponent(s) state that the property has never been used as surety for bond or bail.  There are no unpaid fines or surcharges levied against deponents by the New Jersey Motor Vehicle Commission.
8.	Exceptions and Additions.  The following is a complete list of exceptions and additions to the above statements.
This includes all liens or mortgages which are not being paid off as a result of this sale.

9.	Reliance.  The Corporation makes this Affidavit in order to induce the Buyer(s) or Lender(s) to accept its Deed or Mortgage.  It is aware that the Buyer(s) or the Lender(s) will rely on the statements made in this Affidavit and on its truthfulness.
Signed and sworn to before me on_________ , 20_____		___________________________________

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