EVIDENCE OF TITLE AND ASSOCIATION DOCUMENTS Sample Clauses

EVIDENCE OF TITLE AND ASSOCIATION DOCUMENTS. 232 7.1. Evidence of Title. On or before Record Title Deadline (§ 3), Seller shall cause to be furnished to Buyer, at Seller’s 233 expense, a current commitment for owner’s title insurance policy (Title Commitment) in an amount equal to the Purchase Price, or 234 if this box is checked, An Abstract of title certified to a current date. If title insurance is furnished, Seller shall also deliver to 235 Buyer copies of any abstracts of title covering all or any portion of the Property (Abstract) in Seller’s possession. At Seller’s 236 expense, Seller shall cause the title insurance policy to be issued and delivered to Buyer as soon as practicable at or after Closing. 237 The title insurance commitment Shall Shall Not commit to delete or insure over the standard exceptions which relate to: 238 (1) parties in possession, (2) unrecorded easements, (3) survey matters, (4) unrecorded mechanics’ liens, (5) gap period (effective 239 date of commitment to date deed is recorded), and (6) unpaid taxes, assessments and unredeemed tax sales prior to the year of 240 Closing. Any additional premium expense to obtain this additional coverage shall be paid by Buyer Seller.
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Related to EVIDENCE OF TITLE AND ASSOCIATION DOCUMENTS

  • Evidence of Title Evidence that title to a REO is held by the Trustee shall be submitted by the Servicer to the Master Servicer and, if applicable, to the Primary Mortgage Insurer and/or the Pool Insurer, within ten Business Days after marketable title to such REO has been acquired.

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