| (a) If a veteran wishes to have clear title to a portion of
the land he is purchasing, he may obtain a severance deed from the board for
that portion. To accomplish this the following steps should be taken:
(1) A current ground survey of the portion to be severed must
be made by a qualified surveyor. The survey requirements of §175.4 of
this title (relating to Land Descriptions) must be met. The field notes and
plat prepared from the ground survey must be submitted to the board.
(2) Both the tract to be severed and the remaining tract must
have access to a public road. If the severed tract includes all of the road
frontage, a 60 foot access easement to the portion remaining under contract
must be conveyed to the board.
(3) Upon receipt of the field notes and plat, the board will
have an appraisal made to determine the amount to be paid for the severed
acreage. The veteran will be notified of the result of this appraisal. This
amount, which will be applied against the principal of the veteran's account,
should be submitted to the board, along with a deed fee. The board will then
issue a deed, conveying clear title to the severed portion.
(b) The board will not issue severance deeds listing anyone
besides the original veteran purchaser or the last approved assignee as the
grantee.
(c) All requests for severances will be subject to the approval
of the chairman of the board.
(d) The chairman of the board is authorized to enter into,
and execute on behalf of the board, an agreement recognizing that an improvement,
when constructed, shall not attach to and become a part of the realty for
the duration of any obligation incurred by a purchaser in connection with
the erection of such improvement.
|
