PARTICULARS OF TITLE Status of issuance of individual title has not been confirmed at the time of issuance of this Proclamation of Sale. The subject property is an individually designed detached house identified as Developer’s Parcel Xx: Xxx Xx. 00, Xxxxxxx Xxxxxxx Phase 2A/2B, Xxxxxxx Park, Rawang, Taman Rimba Xxxxxxx bearing postal address of Xx. 00 Xxxxx 0/0X, Xxxxxxx Xxxxxxx, Xxxxxxx Park Resort, 48000 Rawang, Selangor Darul Ehsan. The subject property will be sold on an “as is where is basis” and subject to a reserve price of RM3,150,000.00 (RINGGIT MALAYSIA THREE MILLION ONE HUNDRED AND FIFTY THOUSAND ONLY) and subject to the Conditions of Sale and by way of an Assignment from the above Assignee subject to the approval being obtained by the Purchaser from the relevant authorities if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authorities. Subject to the terms and conditions stated in the Conditions of Sale, any arrears of quit rent, assessments, service/maintenance charges and any other outgoings which may be lawfully due to the relevant authorities up to the date of successful sale of the subject property shall be paid out of the purchase money. All other fees, costs and charges relating to the transfer and assignment of the property shall be borne solely by the successful Purchaser. All intending bidders are required to deposit 10% of the fixed reserve price for the said property by Bank Draft or Cashier’s Order only in favour of HSBC BANK MALAYSIA BERHAD on the day of auction sale and the balance of the purchase money shall be paid by the Purchaser within ninety (90) days from the date of auction sale to HSBC BANK MALAYSIA BERHAD, failing which the deposit shall be forfeited by the Assignee/Bank at its absolute discretion. No extension of time will be allowed. Online bidders are further subject to the Terms and Conditions on xxxx.xxxxxxxx.xxx.xx.
Conveyance of Title Upon closing, Seller shall execute and deliver to Buyer a Patent, Grant Deed, or Quit Claim Deed conveying title to the Cabin/Home Site. Buyer shall also receive a Xxxx of Sale executed by the current owner of the Personal Property in form of Exhibit B, attached hereto. If Buyer and the owner of the Personal Property are identical, then the Xxxx of Sale shall be returned to said party.
Transfer of Title Each party agrees that all right, title and interest in and to any Eligible Credit Support, Equivalent Credit Support, Equivalent Distributions or Interest Amount which it transfers to the other party under the terms of this Annex shall vest in the recipient free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system).