Common use of Owner’s Extended Coverage (OEC Clause in Contracts

Owner’s Extended Coverage (OEC. The Title Commitment Shall Shall Not commit to delete or insure 244 over the standard exceptions which relate to: (1) parties in possession, (2) unrecorded easements, (3) survey matters, (4) 245 unrecorded mechanics’ liens, (5) gap period (effective date of commitment to date deed is recorded), and (6) unpaid taxes, 246 assessments and unredeemed tax sales prior to the year of Closing (OEC).

Appears in 2 contracts

Samples: Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate

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Owner’s Extended Coverage (OEC. The Title Commitment Shall Shall Not commit to delete or insure 244 245 over the standard exceptions which relate to: (1) parties in possession, (2) unrecorded easements, (3) survey matters, (4) 245 246 unrecorded mechanics’ liens, (5) gap period (effective date of commitment to date deed is recorded), and (6) unpaid taxes, 246 247 assessments and unredeemed tax sales prior to the year of Closing (OEC).

Appears in 1 contract

Samples: Contract to Buy and Sell Real Estate

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Owner’s Extended Coverage (OEC. The Title Commitment n Shall o Shall Not commit to delete or insure 244 226 over the standard exceptions which relate to: (1) parties in possession, (2) unrecorded easements, (3) survey matters, (4) 245 227 unrecorded mechanics' liens, (5) gap period (effective date of commitment to date deed is recorded), and (6) unpaid taxes, 246 228 assessments and unredeemed tax sales prior to the year of Closing (OEC).

Appears in 1 contract

Samples: Real Estate Purchase and Sales Agreement (Wells Real Estate Fund Viii Lp)

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