Authority and Owner’s Affidavit. If required by the Title Company in connection with the issuance of the Title Endorsement, an owner’s affidavit substantially in the form attached hereto as Schedule 4, evidencing Sellers’ authority acceptable to the Title Company to enter into the transaction contemplated by this Contract, and an “owner’s affidavit” and a “broker’s lien affidavit” in form and substance acceptable to Title Company and sufficient for the Title Company to delete any standard title and survey exceptions from the Title Endorsement, including, without limitation, those exceptions for (w) mechanics’ or materialmen’s liens, (x) broker’s liens arising from brokers engaged by Sellers, (y) parties in possession, other than tenants as tenants only under unrecorded leases as set forth on the Revised Rent Roll (hereinafter defined), and (z) matters not shown in the public records;
Appears in 4 contracts
Samples: Contract of Purchase and Sale (Preferred Apartment Communities Inc), Contract of Purchase and Sale (Preferred Apartment Communities Inc), Contract of Purchase and Sale (Preferred Apartment Communities Inc)
