Abstract of Title. Seller, at its expense, shall promptly obtain an abstract of title for the Real Estate continued through a date within thirty (30) days of the closing date and deliver it to Buyer for examination. It shall show merchantable title in Seller in conformity with this agreement, Iowa Law & Title Standards of the Iowa State Bar Association. The abstract shall become the property of the Buyer when the purchase price is paid in full. Seller shall pay the cost of any additional abstracting and title work due to any act or omission of Seller.
Abstract of Title. In the event of notice of exercise of an option contained herein by the Optionee, Owners, at their expense, shall promptly obtain an Abstract of Title to the real estate continued through the date of exercise of option by the Optionee, and deliver it to the Optionee for examination. It shall show merchantable title in the Owners in conformity with this agreement, ___law and Title Standards of the ___State Bar Association. The abstract shall become the property of the Optionee when the purchase price is paid in full.
Abstract of Title. The Seller does not have an Abstract of Title to the Property. The Buyer is responsible for the cost of providing an updated abstract for the Property.
Abstract of Title. IWRA has caused a continuation of the abstract of title for the Real Property (the "ABSTRACT OF TITLE") to be completed and delivered to the Law Offices of Xxxxxx X. Xxxxxxxx, Attorney at Law, HBR's Iowa local counsel ("HBR'S LOCAL COUNSEL"). HBR's Local Counsel has examined and prepared an attorney's title opinion (the "TITLE OPINION") addressed to Fidelity National Title Insurance Company (in such capacity, "TITLE COMPANY"). The Abstract of Title shall become the property of HBR on the Closing Date, and shall show marketable title, subject to "Permitted Exceptions" (as defined below) in conformity with this Agreement, the land title law of the State of Iowa, and the Iowa Title Standards of the Iowa State Bar Association.
Abstract of Title. Upon request, the District will furnish an Abstract of Title to the Buyer. The Buyer will have fifteen (15) days after receipt of the abstract to examine the title and to make any objections to title. The Buyer must make any objections in writing. Any objections not made in writing will be ineffective. If the Buyer makes any objections, the District will have thirty (30) days to make the title marketable. Pending correction of title, the payments required by this Agreement will be postponed. Within fifteen (15) days after written notice to the Buyer that the District has corrected the title, the parties shall perform this Agreement according to its terms. If the title is not marketable and is not made so within thirty (30) days from the date of written objections, this Agreement will be null and void at the option of the Buyer, and neither party will be liable for damages to the other. The District will refund all money paid by the Buyer.
Abstract of Title. Seller has delivered to Buyer the abstract of title for the Land, continued to September 12, 2014, and will deliver a “gap search” at time of Closing revealing the absence of any intervening liens or encumbrances occurring after September 12, 2014. The abstract of title for the Land shall belong to Buyer at Closing.
Abstract of Title. In the event of notice of exercise of an option contained herein by the Optionee, Owners, at their expense, shall promptly obtain an Title Insurance to the real estate in an amount equal to the purchase price herein established, and Owner shall deliver to the Optionee at Title Commitment for examination as soon as possible upon receiving Notice of intent to purchase. It shall show merchantable title in the Owners in conformity with this agreement, Nebraska law and the Title Standards.
Abstract of Title. At the Closing, Seller shall deliver to Buyer a written abstract of title to the Real Property.
Abstract of Title. Developer shall provide an Abstract of Title on the Development Property and Lease Purchase Improvements for examination by City at least 60 days prior to the date of the final lease payment hereunder, after which the City shall have 30 calendar days to examine same and issue a preliminary title opinion. The Abstract shall become the property of the City at the time of delivery of the deed. The Developer shall take all reasonable actions requested by City to provide marketable title to the Development Property and the Lease Purchase Improvements. Developer shall warrant the Development Property and the Lease Purchase Improvements against the lawful claims of all persons claiming by, through or under Developer, subject to all Permitted Encumbrances. Developer shall further warrant that it is lawfully seised of the Development Property and the Lease Purchase Improvements and that it has legal power and authority to convey the same to the City. Except as otherwise specifically set forth herein, Developer will make no warranties or representations as to the condition of the Development Property or the Lease Purchase Improvements, and City agrees to accept them in “As Is” condition, based at least in part upon the City’s primary obligation to operate and maintain the Development Property or the Lease Purchase Improvements during the Lease Term.
Abstract of Title. 45.1 Notwithstanding any other provision in this Contract for Sale, in the event that title is Limited Title but not Qualified Title, the vendor shall be under no obligation to provide to the purchaser any Abstract of Title or Old System documents in relation to the subject property.
