Common use of Marketable Title Clause in Contracts

Marketable Title. Seller, shall convey good and MARKETABLE TITLE BY Special Warranty Deed, subject to general TAXES FOR THE CURRENT year not yet due and payable and utility easements which do not interfere with the present use of the Property. (A) Title shall be free from any and all liens or mortgages and Seller shall be responsible for any prepayment penalties necessary to deliver such free title.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

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Marketable Title. Seller, shall convey good and MARKETABLE TITLE BY marketable title by Special Warranty Deed, subject to general TAXES FOR THE CURRENT taxes for the current year not yet due and payable and utility easements which do not interfere with the present use of the Property. (A) Title shall be free from any and all liens or mortgages and Seller shall be responsible for any prepayment penalties necessary to deliver such free title.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

Marketable Title. (A) Seller, shall convey good and MARKETABLE TITLE BY marketable title by Special Warranty Deed, subject only to general TAXES FOR THE CURRENT taxes for the current year not yet due and payable and utility easements and other matters of record which do not interfere with the present use of the Property, or which are not objected to by Purchaser pursuant to Section 3.2. (AB) Title shall be free from any and all liens or mortgages and Seller shall be responsible for any prepayment penalties necessary to deliver such free title.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

Marketable Title. Seller, shall convey good and MARKETABLE TITLE BY Special marketable title to the Real Property by General Warranty Deed, subject only to general TAXES FOR THE CURRENT taxes for the current year not yet due and payable and utility easements which do not interfere with the present use of the Property. (A) Title shall be free from any and all liens or mortgages and Seller shall be responsible for any prepayment penalties necessary to deliver such free title.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

Marketable Title. Seller, shall convey good and MARKETABLE TITLE BY Special Warranty Deedmarketable title by special warranty deed, subject to general TAXES FOR THE CURRENT taxes for the current year not yet due and payable and utility easements which do not interfere with the present use of the Property. (A) Title shall be free from any and all liens or mortgages and Seller shall be responsible for any prepayment penalties necessary to deliver such free title.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

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Marketable Title. Seller, shall convey good and MARKETABLE TITLE BY marketable title by Special Warranty Deed, subject only to general TAXES FOR THE CURRENT taxes for the current year not yet due and payable and utility easements matters of title and Survey, which do not interfere with Purchaser has approved pursuant to the present use of the PropertyLand Contract and such other matters as Purchaser may approve in writing. (A) Title shall be free from any and all liens or mortgages and Seller shall be responsible for any prepayment penalties necessary to deliver such free title.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

Marketable Title. Seller, shall convey good and MARKETABLE TITLE BY Special marketable title by General Warranty Deed, subject only to general TAXES FOR THE CURRENT taxes for the current year not yet due and payable and utility easements which do not could never interfere with the present use of the Property. (A) Title shall be free from any and all liens or mortgages and Seller shall be responsible for any prepayment penalties necessary to deliver such free title. (B) Attached hereto as Exhibit C is a copy of a title report setting forth the permitted exceptions which Purchaser will take subject to.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

Marketable Title. Seller, shall convey good and MARKETABLE TITLE BY Special marketable title by General Warranty Deed, subject only to general TAXES FOR THE CURRENT taxes for the current year not yet due and payable and utility easements which do not interfere with the present use of the Property. (A) Title shall be free from any and all liens or mortgages and Seller shall be responsible for any prepayment penalties necessary to deliver such free title.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

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