Common use of Insurable Title Clause in Contracts

Insurable Title. Buyer must notify Seller or its representatives of any and all valid title objections at least ten days (10) before closing or all objections to title shall be waived. If Seller cannot cure said objections after a good faith effort, or to do so would delay closing beyond the original or any extended Closing Date, Xxxxx agrees to accept, at Seller expense, a fee title policy chosen by Seller containing affirmative coverage for the title objections, in which case, the Contract shall remain in full force and the Buyer shall perform pursuant to the terms set forth in the Contract. Seller is under no obligation to use extraordinary measures, to bear any expense, or to bring any action or proceeding in order to deliver insurable title. If Seller is unable to deliver insurable title or obtain title insurance from a reputable title insurance company, the Buyer’s sole remedy shall be to receive a return of any xxxxxxx money deposit, terminating the Contract rendering it null and void.

Insurable Title. Buyer must notify Seller or its representatives of any and all valid title objections at least ten days (10) before closing or all objections to title shall be waived. If Seller cannot cure said objections after a good faith effort, or to do so would delay closing beyond the original or any extended Closing Date, Xxxxx agrees to accept, at Seller expense, a fee title policy chosen by Seller containing affirmative coverage for the title objections, in which case, the Contract shall remain in full force and the Buyer shall perform pursuant to the terms set forth in the Contract. Seller is under no obligation to use extraordinary measures, to bear any expense, or to bring any action or proceeding in order to deliver insurable title. If Seller is unable to deliver insurable title or obtain title insurance from a reputable title insurance company, the Buyer’s 's sole remedy shall be to receive a return of any xxxxxxx money deposit, terminating the Contract rendering it null and void.