Common use of Deed and Title Insurance Clause in Contracts

Deed and Title Insurance. Owner shall provide the Title Company ------------------------ with a deed conveying title to the Offered Parcel, free of encumbrances, except those that Holder elects to accept. Owner shall provide Holder with an ALTA Standard Coverage Owner's Policy of Title Insurance insuring title, subject only to the printed exceptions of the policy and those encumbrances that Holder elects to accept. The policy must be issued by the Title Company (or another insurer acceptable to Holder) and have a liability amount equal to the purchase price of the Offered Parcel. Closing will be considered effected when the County Recorder accepts the deed for recording.

Deed and Title Insurance. Owner shall provide the Title Company ------------------------ with a deed conveying title to the Offered Parcel, free of encumbrances, except those that Holder elects to accept. Owner shall provide Holder with an ALTA Standard Coverage Owner's Policy of Title Insurance insuring title, subject only to the printed exceptions of the policy and those encumbrances that Holder elects to accept. The policy must be issued by the Title Company (or another insurer acceptable to Holder) and have a liability amount equal to the purchase price of the Offered Parcel. Closing -6- will be considered effected when the County Recorder accepts the deed for recording.