Buyer Selects Title Insurance Company. If this box is checked, Buyer will select the title insurance 306 company to furnish the owner’s title insurance policy at Xxxxx’s expense. On or before Record Title Deadline, Buyer must furnish to 307 Seller, a current commitment for owner’s title insurance policy (Title Commitment), in an amount equal to the Purchase Price. 308 If neither box in § 8.1.1 or § 8.1.2 is checked, § 8.1.1 applies.
Buyer Selects Title Insurance Company. If this box is checked, Buyer will select the 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 title insurance company to furnish the owner’s title insurance policy at Buyer’s expense. On or before Record Title Deadline, Buyer must furnish to Seller, a current commitment for owner’s title insurance policy (Title Commitment), in an amount equal to the Purchase Price. If neither box in § 8.1.1 or § 8.1.2 is checked, § 8.1.1 applies.
Buyer Selects Title Insurance Company. If this box is checked, Buyer will select the title insurance company to furnish the owner’s title insurance policy at Buyer’s expense. On or before Record Title Deadline, Buyer must furnish to Seller, a current commitment for owner’s title insurance policy (Title Commitment), in an amount equal to the Purchase Price. If neither box in § 8.1.1 or § 8.1.2 is checked, § 8.1.1 applies.
Buyer Selects Title Insurance Company. If this box is checked, Buyer will select the title insurance 359 company to furnish the owner’s title insurance policy at Xxxxx’s expense. On or before Record Title Deadline, Buyer must furnish to 360 Seller, a current commitment for owner’s title insurance policy (Title Commitment), in an amount equal to the Purchase Price. 361 If neither box in § 8.1.1. or § 8.1.2. is checked, § 8.1.1. applies. 362 8.1.3. Owner’s Extended Coverage (OEC). The Title Commitment Will Will Not contain Owner’s 363 Extended Coverage (OEC). If the Title Commitment is to contain OEC, it will commit to delete or insure over the standard exceptions 364 which relate to: (1) parties in possession, (2) unrecorded easements, (3) survey matters, (4) unrecorded mechanics’ liens, (5) gap 365 period (period between the effective date and time of commitment to the date and time the deed is recorded) and (6) unpaid taxes, 366 assessments and unredeemed tax sales prior to the year of Closing. Any additional premium expense to obtain OEC will be paid by 367 Buyer Seller One-Half by Xxxxx and One-Half by Seller Other . 368 Regardless of whether the Contract requires OEC, the Title Insurance Commitment may not provide OEC or delete or insure over 369 any or all of the standard exceptions for OEC. The Title Insurance Company may require a New Survey or New ILC, defined below, 370 among other requirements for OEC. If the Title Insurance Commitment is not satisfactory to Buyer, Xxxxx has a right to object under 371 § 8.57. (Right to Object to Title, Resolution).
