Common use of Payment of Third Party Costs at Closing Clause in Contracts

Payment of Third Party Costs at Closing. All costs and expenses for obtaining all title abstracts, underlying exception documents, survey and subdivision approvals, title commitment costs and other customary closing costs charged by the Title Company (other than those costs paid to date by the Seller) shall be borne by the applicable Buyer requesting the same. In addition, the premium for an extended coverage owner’s policy of title insurance for the benefit of a Buyer shall be paid by such Buyer. Any premium for any endorsements desired by such Buyer and for any loan policy of title insurance in favor of such Buyer’s lender (if any) shall be paid by such Buyer. 41

Payment of Third Party Costs at Closing. All costs and expenses for obtaining all title abstracts, underlying exception documents, survey and subdivision approvalsapprovals , title commitment costs and other customary closing costs charged by the Title Company (other than those costs paid to date by the Seller) shall be borne by the applicable Buyer requesting the sameBuyer. In addition, the premium for an extended coverage owner’s policy of title insurance for the benefit of a the Buyer shall be paid by such the Buyer. Any premium for any endorsements desired by such the Buyer and for any loan policy of title insurance in favor of such the Buyer’s lender (if any) shall be paid by such the Buyer. 41.