CONVEYANCE AND CLOSING. Seller shall convey marketable title to the Real Estate by Warranty deed with release of dower right, if any, AND SUBJECT TO THE RIGHTS OF THE TENANTS, if any, under existing leases and state law. Title shall be free and unencumbered as of Closing, except restrictions and easements of record and except the following assessments (certified or otherwise): .
CONVEYANCE AND CLOSING. Auctioneer shall convey marketable title to the Real Estate by Sheriff's Deed or equivalent with release of dower right, if any, AND SUBJECT TO THE RIGHTS OF THE TENANTS, if any, under existing leases and state law. Title shall be free and unencumbered as of Closing, except restrictions and easements of record and except the following assessments (certified or otherwise): None Known .
CONVEYANCE AND CLOSING. At the time of closing of the Option: ----------------------
CONVEYANCE AND CLOSING. At the time of closing of the Option: ---------------------- (i) Landlord shall convey to Tenant good, marketable and indefeasible title to the Real Property by general warranty deed, in form acceptable to Tenant, free and clear of all liens, claims and encumbrances, and subject only to taxes for the year during which the closing occurs, prorated to the date of such closing date, and to those matters shown on Schedule B of the Title Commitment attached hereto and made a part hereof as Exhibit G (the "Permitted Exceptions"). At the time of closing Tenant shall be provided an ALTA standard form Owner's Policy of Title Insurance issued by the Title Company covering the Real Property and the Premises in the amount of $5,600,000.00, insuring good, marketable, and indefeasible title to the Property in favor of Tenant, free and clear of all liens and encumbrances, and subject only to the Permitted Exceptions. Within fifteen (15) days of the Exercise Notice, Landlord, at its sole cost and expense shall provide to Tenant an updated Title Commitment issued by the Title Commitment, confirming the current liens, encumbrances, claims and other matters of record affecting the Real Property. Landlord hereby represents and warrants to Tenant that as of the date of this Agreement the Real Property is subject a first lien mortgage in favor of National City Bank, Northeast, a national banking association (the "Mortgage Lender"), securing the payment of that certain promissory note in the original principal amount of Three Million Five Hundred Thousand and No/100 Dollars ($3,500,000.00; the "Loan"), signed by Landlord and payable to the Mortgage Lender. As of the date of this Lease the unpaid principal balance of the Loan is $3,500,000.00 (the "Principal Balance"). Landlord hereby covenants and agrees that during the term of the Option, that Landlord will not mortgage, pledge, hypothecate, transfer, xxxxx x xxxx in or further encumber the Real Property, and that the indebtedness secured thereby shall never be greater than $3,500,000.00.
CONVEYANCE AND CLOSING. Closing services will be provided by title company designated by Buyer: 273 (name of 274 title company, if known). Both Xxxxx and Xxxxxx agree to execute all documents required by the closing/escrow agent. Seller 275 shall be responsible for transfer taxes, Condominium or HOA transfer fees, conveyance fees, deed preparation, the cost of 276 removing or discharging any defect, lien or encumbrance required for conveyance of the Real Estate as required by this Contract; 277 and shall convey marketable title (as determined with reference to the Ohio State Bar Association Standards of Title 278 Examination) to the Real Estate by deed of general warranty or fiduciary deed, if applicable, in fee simple absolute, with release 279 of dower, on , , or earlier as mutually agreed by the parties. Title shall be free, 280 clear and unencumbered as of Closing, except (1) covenants, conditions, restrictions and easements of record which do not 281 adversely affect the use of the Real Estate, (2) legal highways, (3) any mortgage expressly assumed by Xxxxx and agreed to by 282 Seller’s current lender in writing, (4) all installments of taxes and assessments becoming due and payable after closing, 283 (5) zoning and other laws, (6) homeowner/condominium association fees becoming due and payable after closing, and (7) the 284 following assessments (certified or otherwise): . 285 Seller shall have the right at Closing to pay out of the Purchase Price any and all encumbrances or liens.
CONVEYANCE AND CLOSING. Within days from acceptance, or upon repair of any deficiency in building condition by Seller, as provided above, or within 5 days of receipt of assumption materials from seller's lending institution by closing agent, whichever is later, both parties shall deposit with the authorized escrow holder, selected by the Buyer, all funds and instruments necessary to complete the sale in accordance with the terms hereof. Seller shall be responsible for transfer taxes, deed(s) preparation; and shall convey marketable title to the REAL ESTATE by deed of general warranty in fee simple absolute, with release of dower, on or before , or at such sooner time as mutually agreeable to the parties hereto, free, clear and unencumbered as of Closing, except restrictions and easements of record which do not adversely affect the use of the REAL ESTATE, except and except the following assessments (certified or otherwise) Seller shall have the right to remove any and all encumbrances or liens at the Closing out of the Purchase Price. Possession shall be given subject to tenants' rights on or before 20 .
CONVEYANCE AND CLOSING. Closing services will be provided by title company designated by Buyer: 401 (title company name and phone 402 number). Title company and/or its attorney(s) do not represent either Buyer or Seller. If Buyer or Seller desires legal representation, 403 they shall hire their own attorney. Both Xxxxx and Xxxxxx agree to execute all documents required by the closing/escrow agent. At 404 Closing, Seller shall be responsible for transfer taxes/conveyance fees, Condominium or HOA transfer fees (this shall include any 405 and all administrative, association and/or management fees incurred as a result of the sale of the real estate, including, but not 406 limited to: new account set-up fees, certification fees, transfer fees, etc.), cost of acquiring HOA status letters, or any documents 407 required by the HOA to facilitate the transfer of the real estate, deed preparation, title company settlement fees chargeable to Seller, 408 the cost of removing or discharging any defect, lien or encumbrance required for conveyance of the Real Estate as required by this 409 Contract; and shall convey marketable title (as determined with reference to the Ohio State Bar Association Standards of Title 410 Examination) to the Real Estate by recordable and transferable deed of general warranty or fiduciary deed, if applicable, in fee 411 simple absolute, with release of dower. Title shall be free, clear and unencumbered as of Closing, with the exception of the 412 following, if applicable: (1) covenants, conditions, restrictions and easements of record, (2) legal highways, (3) any mortgage 413 expressly assumed by Xxxxx and agreed to by Xxxxxx’s current lender in writing, (4) all installments of taxes and assessments 414 becoming due and payable after Closing, (5) zoning and other laws, (6) homeowner/condominium association fees becoming 415 due and payable after Closing, and (7) the following assessments (certified or otherwise): 416 . Seller shall have the right at Closing to pay out of the 417 Purchase Price any and all encumbrances or liens. 418 Date of Closing shall be , or as mutually agreed by the parties. Notwithstanding 419 anything to the contrary, in the event that Xxxxx and Seller are proceeding in good faith performance under this Contract and 420 Closing cannot occur due to occurrence or circumstance out of the direct control of either party, the Date of Closing shall be 421 extended for a period of up to 7 calendar days. Unless otherwise agreed, such extension shall ext...
CONVEYANCE AND CLOSING. Seller shall be responsible for transfer taxes, conveyance fees, deed preparation; and shall convey marketable title to the Real Estate, with release of dower, by deed of general warranty in fee simple absolute or deed. Buyer shall be responsible for other Closing costs and fees. Such conveyance to take place within days of release or waiver of contingencies, (or at such sooner time as mutually agreeable in writing), to the parties hereto, free, clear and unencumbered as of Closing except restrictions, assessments and easements of record which do not adversely affect the use of the Real Estate, except . Seller shall have the right at Closing to pay for the removal of any and all encumbrances or liens out of the proceeds. At Closing Seller shall execute any document reasonably required by Agent or the title company to effectuate the sale contemplated by this Contract.
CONVEYANCE AND CLOSING. At the time of closing of the Option to Purchase:
CONVEYANCE AND CLOSING. Within 20 Days from acceptance, or upon repair of any deficiency in building condition by Seller, or within 5 days of receipt of assumption materials from seller's lending institution by closing agent, whichever is later, both parties shall deposit with the authorized escrow holder, selected by the Buyer, all funds and instruments necessary to complete the sale in accordance with the terms hereof. Seller shall be responsible for deed(s) preparations and shall xxxxx marketable title to the REAL ESTATE by deed of general warranty, on or before Oct. 13. 2005, or at such sooner time as mutually agreeable to the parties hereto, free, clear and unencumbered, as of Closing, except restrictions and easements of records which do not adversely affect the use of REAL ESTATE. Seller shall have the right to remove liens at the Closing out of the Purchase Price on or before Oct. 13. 2005.
