Conveyance and Title Insurance Sample Clauses

Conveyance and Title Insurance. As required by paragraph 5.a.(i), Seller shall convey to Buyer, by general warranty deed, good and marketable fee simple title to the Property, free and clear of all mortgages, trust deeds, judgments, mechanics’ liens, tax liens and warrants and other financial encumbrances. As provided in subparagraph 5.a.(iii) above, Buyer may acquire (and may condition the Closing upon Xxxxx’s ability to obtain) a current standard coverage owner’s policy of title insurance. Even though the policy premium will be paid by Xxxxx, Xxxxxx agrees to order a title insurance commitment on the Property as provided in paragraph 9.b. below.
Sample 1
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Conveyance and Title Insurance. (a) Title to the Fractional Interest shall be conveyed to Buyer at Closing by a Special Warranty Deed, subject to all matters of record, including those matters set forth in the Public Report issued for the Condominium by the Arizona Department of Real Estate. At the Closing, if Xxxxx uses Escrow Agent to issue title insurance for this transaction, Seller shall pay for an ALTA residential owner’s or plain language homeowner's policy of title insurance to be issued to Buyer insuring title to the Fractional Interest in the amount of the Purchase Price. If Buyer elects to obtain title insurance from a title insurer other than Escrow Agent the cost of any such title insurance shall be paid by Buyer; however, if Buyer fails to notify Seller in writing of Xxxxx’s selected title insurer within thirty (30) days following Xxxxx’s execution of this Contract, or if Xxxxx’s selected title insurance company is unwilling to insure title as good and marketable then, in order to facilitate the Closing, Buyer hereby authorizes Seller to have Escrow Agent issue such title insurance to Buyer. Any such title insurance policy shall be subject to: (i) taxes and assessments not due and payable at the Closing; (ii) the Condominium Declaration and all amendments thereto; (iii) matters shown on the Plat; (iv) matters shown in the Public Report for the Unit (but Seller shall satisfy or cause removal of any monetary liens or encumbrances created by Seller); (v) any other matters of record not adversely affecting marketability of title (including easements and Buyer’s financing encumbrance, if any); (vi) any matters which would be apparent by a physical inspection of the Unit and the Common Elements; and (vii) any other matters agreed to in writing or caused by Buyer (collectively the “Permitted Exceptions”). If Buyer elects, or is required by its lender, to obtain any title endorsements, an extended coverage title insurance policy or a lenders policy of title insurance, any premiums, requirements and/or costs thereof shall be paid by Buyer. The issuance of any title endorsements, extended coverage or a lenders policy of title insurance requested by Xxxxx shall not be a condition precedent to or reason to delay the Closing.
Sample 1
Conveyance and Title Insurance. Title to the Unit shall be conveyed to Buyer at the Closing for such Unit by special warranty deed, a form of which is attached hereto as Exhibit B ("Special Warranty Deed"), subject to all matters of record. At the Closing, Escrow Agent shall deliver to Buyer an irrevocable commitment to issue to Buyer following the Closing, a standard owner's policy of title insurance in the amount of the Purchase Price, insuring that fee title to the Unit is vested in Buyer subject to: (a) taxes and improvement district assessments not due and payable on or before the Closing; (b) the REMA, Plat and the Declaration and all amendments thereto; and (c) any other matters of record affecting the Unit approved or deemed approved by Buyer pursuant to Section 5. If Buyer elects to obtain any title endorsements or an extended coverage title insurance policy, any additional premiums, requirements and/or costs for any such endorsements and/or an extended coverage title insurance policy shall be paid by Buyer. The issuance of any title endorsements or extended coverage requested by Buyer shall not be a condition precedent to the Closing.
Sample 1
Conveyance and Title Insurance. At closing, Landlord shall deliver title to the Premises to Tenant by full warranty deed, free and clear of all covenants, restrictions, rights, rights-of-way, leases, easements, liens and encumbrances, except for the following:
Sample 1
Conveyance and Title Insurance. 7.1 Seller shall convey marketable title by Special Warranty Deed subject to the following (the “Permitted Exceptions”): a) general real estate taxes and special assessments (if any), not yet payable as of Closing (subject to proration as noted in Paragraph 4 above); b) zoning and building laws or ordinances (provided, however, that same shall not prohibit construction of a townhome residence upon the Lot); c) any state of facts which an accurate survey or inspection of the Lot might disclose; d) matters shown on the plat within which the Lot is situated; e) conditions, limitations, reservations, restrictions, agreements, documents and easements then of record; f) covenants and easements heretofore or hereafter created in favor of municipalities, public and private utilities and Seller for the installation of utilities, lines, mains, pipes, poles, wires, tunnels, canals, and the like, together with the right of access to service the same; g) any mortgage executed by Buyer encumbering the Property; h) the Declaration of Restrictions and Protective Covenants for Colony Palms as the same may be amended and/or supplemented from time to time; i) prohibitions and other requirements imposed by governmental authority; and j) acts done by Buyer.
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Conveyance and Title Insurance 
Sample 1

Related to Conveyance and Title Insurance

  • Title Insurance The Mortgage Loan is covered by an ALTA lender's title insurance policy, or with respect to any Mortgage Loan for which the related Mortgaged Property is located in California a CLTA lender's title insurance policy, or other generally acceptable form of policy or insurance acceptable pursuant to Seller's Underwriting Guidelines and each such title insurance policy is issued by a title insurer acceptable to prudent lenders in the secondary mortgage market and qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring the originator, its successors and assigns, as to the first (with respect to a First Lien Loan) or second (with respect to a Second Lien Loan) priority lien of the Mortgage in the original principal amount of the Mortgage Loan (or to the extent a Mortgage Note provides for negative amortization, the maximum amount of negative amortization in accordance with the Mortgage), subject only to the Permitted Exceptions, and in the case of Adjustable Rate Mortgage Loans, against any loss by reason of the invalidity or unenforceability of the lien resulting from the provisions of the Mortgage providing for adjustment to the Mortgage Interest Rate and Monthly Payment. Where required by state law or regulation, the Mortgagor has been given the opportunity to choose the carrier of the required mortgage title insurance. Additionally, such lender's title insurance policy affirmatively insures ingress and egress, and against encroachments by or upon the Mortgaged Property or any interest therein. The Seller (or its predecessor in interest), its successors and assigns, are the sole insureds of such lender's title insurance policy, and such lender's title insurance policy is valid and remains in full force and effect and will be in force and effect upon the consummation of the transactions contemplated by this Agreement. No claims have been made under such lender's title insurance policy, and no prior holder of the related Mortgage, including the Seller, has done, by act or omission, anything which would impair the coverage of such lender's title insurance policy, including without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by the Seller;

  • Title Policy Seller shall furnish to Buyer at ❑ Seller’s ❑ Xxxxx’s expense an owner policy of title insurance (Title Policy) issued by (Title Company) in the amount of the Sales Price, dated at or after closing, insuring Buyer against loss under the provisions of the Title Policy, subject to the promulgated exclusions (including existing building and zoning ordinances) and the following exceptions:

  • Title Insurance Policy In all cases, the Seller undertakes to remove any encumbrance that will materially interfere with the procurement of a title insurance policy or financing necessary for the purchase of the Property, whether the same is included in the above enumeration or not. Further, the Seller undertakes to, in good faith, cooperate with and assist the Buyer fully in obtaining a title insurance policy. The Seller shall be obligated to take all legal and reasonably necessary action in order to procure such title insurance policy but shall not incur any additional liability in relation thereto. If the title to the Property is not in a condition that is compliant with the above, if the Seller fails or refuses to comply with the Seller’s obligations under this section, or if the Parties are unable to obtain a title insurance policy, the Buyer may, in the Buyer’s sole discretion, accept the title as it is and proceed with the purchase under this Agreement, or terminate this Agreement and recover the Xxxxxxx Money, costs incurred in relation to this Agreement and .

  • Title Insurance Policies The Borrower will deliver to the Administrative Agent a policy of title insurance (or marked-up title insurance commitment or title proforma having the effect of a policy of title insurance) (a “Title Policy”) insuring the Lien of such Mortgage as a valid first mortgage or deed of trust Lien on the Mortgaged Property described therein in an amount not less than the estimated fair market value of such Mortgaged Property as reasonably determined by the Borrower, which Title Policy shall (A) be issued by a nationally-recognized title insurance company reasonably acceptable to the Administrative Agent (the “Title Company”), (B) include such reinsurance arrangements (with provisions for direct access, if necessary) as shall be reasonably acceptable to the Administrative Agent, (C) be supplemented by a “tie-in” or “aggregation” endorsement, if available under applicable law, and such other endorsements as may reasonably be requested by the Administrative Agent (including (to the extent available in the applicable jurisdiction and/or with respect to the Mortgaged Property, in each case, on commercially reasonable terms) endorsements on matters relating to usury, first loss, zoning, contiguity, revolving credit, doing business, public road access, survey, variable rate, environmental lien, subdivision, mortgage recording tax, separate tax lot, and so-called comprehensive coverage over covenants and restrictions) if available under applicable law at commercially reasonable rates and (D) contain no other exceptions to title other than Permitted Liens and other exceptions acceptable to the Administrative Agent in its reasonable discretion;

  • Title Company Escrow Holder shall cause the Title Company to issue the Buyer’s Title Policy to Buyer.

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