Common use of Owner’s Title Insurance Policy Clause in Contracts

Owner’s Title Insurance Policy. The related Asset Files contain, for such Rental Property, an owner’s title insurance policy insuring the good and marketable fee ownership by the REO Subsidiary of such Rental Property or a title commitment for such a policy issued by a nationally recognized title insurer, and the REO Subsidiary has not been notified in writing of any fact that would lead a reasonable person to believe that Administrative Agent or Buyers cannot obtain similar insurance from a nationally recognized title insurer (without additional exceptions to coverage) upon payment of the applicable premium. The REO Subsidiary is the sole insured of such owner’s title insurance policy, and such owner’s title insurance policy is in full force and effect and will be in full force and effect upon the pledge of the Rental Property to Administrative Agent (for the benefit of Buyers) and all premiums thereon have been paid and no material claims have been made thereunder and no claims have been paid thereunder. Neither the REO Subsidiary nor Property Manager has, by act or omission, done anything that would materially impair the coverage under such policy. No claims have been made under such owner’s title insurance policy, and the REO Subsidiary has not done, by act or omission, anything which would impair the coverage of such owner’s title insurance policy.

Owner’s Title Insurance Policy. The related Asset Files File contain, for such Rental Property, an owner’s title insurance policy insuring the good and marketable fee ownership by the REO Subsidiary of such Rental Property or a title commitment for such a policy issued by a nationally recognized title insurer, and the REO Subsidiary has not been notified in writing of any fact that would lead a reasonable person to believe that Administrative Agent or Buyers Buyer cannot obtain similar insurance from a nationally recognized title insurer (without additional exceptions to coverage) upon payment of the applicable premium. The REO Subsidiary is the sole insured of such owner’s title insurance policy, and such owner’s title insurance policy is in full force and Schedule 1-E effect and will be in full force and effect upon the pledge of the Rental Property to Administrative Agent (for the benefit of Buyers) Buyer and all premiums thereon have been paid and no material claims have been made thereunder and no claims have been paid thereunder. Neither the REO Subsidiary nor Property Manager has, by act or omission, done anything that would materially impair the coverage under such policy. No claims have been made under such owner’s title insurance policy, and the REO Subsidiary has not done, by act or omission, anything which would impair the coverage of such owner’s title insurance policy.

Owner’s Title Insurance Policy. The related Asset Files contain, for such Rental Property, an owner’s title insurance policy insuring the good and marketable fee ownership by the REO Subsidiary of such Rental Property or a title commitment for such a policy issued by a nationally recognized title insurer, and the REO Subsidiary has not been notified in writing of any fact that would lead a reasonable person to believe that Administrative Agent or Buyers Buyer cannot obtain similar insurance from a nationally recognized title insurer (without additional exceptions to coverage) upon payment of the applicable premium. The REO Subsidiary is the sole insured of such owner’s title insurance policy, and such owner’s title insurance policy is in full force and effect and will be in full force and effect upon the pledge of the Rental Property to Administrative Agent (for the benefit of Buyers) Buyer and all premiums thereon have been paid and no material claims have been made thereunder and no claims have been paid thereunder. Neither the REO Subsidiary nor Property Manager has, by act or omission, done anything that would materially impair the coverage under such policy. No claims have been made under such owner’s title insurance policy, and the REO Subsidiary has not done, by act or omission, anything which would impair the coverage of such owner’s title insurance policy.

Owner’s Title Insurance Policy. The related Asset Property Files contain, for such Rental Property, an owner’s title insurance policy insuring the good and marketable fee ownership by the REO Subsidiary related Borrower of such Rental Property or a title commitment for such a policy issued by a nationally recognized title insurer, and the REO Subsidiary such Borrower has not been notified in writing of any fact that would lead a reasonable person to believe that Administrative Agent or Buyers Lender cannot obtain similar insurance from a nationally recognized title insurer (without additional exceptions to coverage) upon payment of the applicable premium. The REO Subsidiary related Borrower is the sole insured of such owner’s title insurance policy, and such owner’s title insurance policy is in full force and effect and will be in full force and effect upon the pledge of the Rental Property to Administrative Agent (for the benefit of Buyers) Lender and all premiums thereon have been paid and no material claims have been made thereunder and no claims have been paid thereunder. Neither the REO Subsidiary nor related Borrower nor, to the knowledge of the related Borrower, Property Manager has, by act or omission, done anything that would materially impair the coverage under such policy. No claims have been made under such owner’s title insurance policy, and the REO Subsidiary related Borrower has not done, by act or omission, anything which would impair the coverage of such owner’s title insurance policy.

Owner’s Title Insurance Policy. The related Asset Property Files contain, for such Rental Property, an owner’s title insurance policy insuring the good and marketable fee ownership by the REO Subsidiary related Borrower of such Rental Property or a title commitment for such a policy issued by a nationally recognized title insurer, and the REO Subsidiary such Borrower has not been notified in writing of any fact that would lead a reasonable person to believe that Administrative Agent or Buyers Lender cannot obtain similar insurance from a nationally recognized title insurer (without additional exceptions to coverage) upon payment of the applicable premium. The REO Subsidiary related Borrower is the sole insured of such owner’s title insurance policy, and such owner’s title insurance policy is in full force and effect and will be in full force and effect upon the pledge of the Rental Property to Administrative Agent (for the benefit of Buyers) Lender and all premiums thereon have been paid and no material claims have been made thereunder and no claims have been paid thereunder. Neither the REO Subsidiary nor related Borrower nor, to the knowledge of the related Borrower, Property Manager has, by act or omission, done anything that would materially impair the coverage under such policy. No claims have been made under such owner’s Schedule 1- 1 title insurance policy, and the REO Subsidiary related Borrower has not done, by act or omission, anything which would impair the coverage of such owner’s title insurance policy.

Owner’s Title Insurance Policy. The related Asset Files File contain, for such Rental Property, an owner’s title insurance policy insuring the good and marketable fee ownership by the REO Subsidiary of such Rental Property or a title commitment for such a policy issued by a nationally recognized title insurer, and the REO Subsidiary has not been notified in writing of any fact that would lead a reasonable person to believe that Administrative Agent or Buyers Buyer cannot obtain similar insurance from a nationally recognized title insurer (without additional exceptions to coverage) upon payment of the applicable premium. The REO Subsidiary is the sole insured of such owner’s title insurance policy, and such owner’s title insurance policy is in full force and effect and will be in full force and effect upon the pledge of the Rental Property to Administrative Agent (for the benefit of Buyers) Buyer and all premiums thereon have been paid and no material claims have been made thereunder and no claims have been paid thereunder. Neither the REO Subsidiary nor Property Manager has, by act or omission, done anything that would materially impair the coverage under such policy. No claims have been made under such owner’s title insurance policy, and the REO Subsidiary has not done, by act or omission, anything which would impair the coverage of such owner’s title insurance policy.