Common use of Policy of Title Insurance Clause in Contracts

Policy of Title Insurance. At the Closing, Buyer’s Attorney or Title Company shall deliver to Buyer a Commitment for Title Insurance or a Policy of Title Insurance in the amount of the Purchase Price, committing to insure, or insuring title vested in Buyer, free of encumbrances, except: 1. All non-delinquent general and special real property taxes and assessments. 2. Easements, encumbrances, covenants, conditions, restrictions, reservations, rights-of-way and other matter of record or that would be shown by a current and accurate survey of the Property of whatever kinds or nature, including, but not limited to, those matters relating to utility lines, road, sewers, right of surface entry, and the zoning and use regulations of any municipal, county or state agency or body affecting the Property, as shown on the Commitment approved by Buyer. Buyer may, at Buyer’s cost, arrange for such additional title insurance coverage as is available under applicable State and local underwriting requirements and practice.

Policy of Title Insurance. At the Closing, Buyer’s Attorney or Title Company shall deliver to Buyer a Commitment for Title Insurance or a Policy of Title Insurance in the amount of the Purchase Price, committing to insure, or insuring title vested in Buyer, free of encumbrances, except: 1. All non-delinquent general and special real property taxes and assessments. 2. Easements, encumbrances, covenants, conditions, restrictions, reservations, rights-of-of- way and other matter of record or that would be shown by a current and accurate survey of the Property of whatever kinds or nature, including, but not limited to, those matters relating to utility lines, road, sewers, right of surface entry, and the zoning and use regulations of any municipal, county or state agency or body affecting the Property, as shown on the Commitment approved by Buyer. Buyer may, at Buyer’s cost, arrange for such additional title insurance coverage as is available under applicable State and local underwriting requirements and practice.