Common use of Marketable Title Clause in Contracts

Marketable Title. Seller shall convey title to the real estate to the Buyer free of all encumbrances except easements and restrictions of record by good and sufficient warranty deed. Seller shall furnish to Buyer an Owner's Policy of Title Insurance to said real estate showing marketable or insurable record title. Said title insurance commitment shall be delivered to the Buyer or the attorney designated by Buyer for examination. If any defects in the title are present, Seller shall have a reasonable time to correct said defects. Seller and Buyer shall be equally responsible for the cost of an Owner’s Policy of Title Insurance. Any additional title insurance coverage that may be required by Buyer or Buyer’s lender shall be borne entirely by Buyer. This contract is not contingent upon a survey being performed. Seller is not responsible for providing or paying for a survey, marking boundaries, or fencing unless otherwise noted.

Marketable Title. Seller Seller shall convey title to the real estate to the Buyer free of all encumbrances except easements and restrictions of record by good and sufficient warranty deed. Seller Seller shall furnish to Buyer Buyer an Owner's Policy of Title Insurance to said real estate showing marketable or insurable record title. Said title insurance commitment shall be delivered to the Buyer or the attorney designated by Buyer Buyer for examination. If any defects in the title are present, Seller Seller shall have a reasonable time to correct said defects. Seller and Buyer shall be equally responsible for the cost of an Owner’s Policy of Title Insurance. Any additional title insurance coverage that may be required by Buyer or Buyer’s lender shall be borne entirely by Buyer. This contract is not contingent upon a survey being performed. Seller is not responsible for providing or paying for a survey, marking boundaries, or fencing unless otherwise noted.