Common use of Property and Title Clause in Contracts

Property and Title. (a) Section 3.14(a) of the Pavilion Disclosure Schedule identifies all real property, and any leasehold interest in real property, owned or held by Pavilion or any of the Subsidiaries (collectively, the “Pavilion Real Properties”). Copies of all leases of Pavilion Real Properties have been provided to First Defiance. Such leasehold interests have not been assigned or subleased. All Pavilion Real Properties which are owned by Pavilion or any of the Subsidiaries are free and clear of all mortgages, liens, security interests, defects, encumbrances, easements, restrictions, reservations, conditions, covenants, agreements, encroachments, rights of way and zoning laws, except (i) those set forth in Section 3.14(a) of the Pavilion Disclosure Schedule; (ii) easements, restrictions, reservations, conditions, covenants, rights of way, zoning laws and other defects and irregularities in title and encumbrances which do not materially impair the use thereof for the purposes for which they are held; and (iii) liens for current Taxes not yet due and payable.

Property and Title. (a) Section 3.14(a) of the Pavilion PVFC Disclosure Schedule identifies lists and describes all real property, and any leasehold interest in real property, owned or held by Pavilion PVFC or any of the Subsidiaries (collectively, the “Pavilion PVFC Real Properties”). Copies of all leases of Pavilion PVFC Real Properties have been provided to First DefianceUCFC. Such leasehold interests have not been assigned or subleased. All Pavilion PVFC Real Properties which are owned by Pavilion PVFC or any of the Subsidiaries are free and clear of all mortgages, liens, security interests, defects, encumbrances, easements, restrictions, reservations, conditions, covenants, agreements, encroachments, rights of way and zoning laws, except (i) those set forth in Section 3.14(a) of the Pavilion PVFC Disclosure Schedule; (ii) easements, restrictions, reservations, conditions, covenants, rights of way, zoning laws and other defects and irregularities in title and encumbrances which do not materially impair the use thereof for the purposes for which they are held; and (iii) liens for current Taxes not yet due and payable.

Property and Title. (a) Section 3.14(a) of the Pavilion ComBanc Disclosure Schedule identifies lists and describes all real property, and any leasehold interest in real property, owned or held by Pavilion ComBanc or any of the Subsidiaries Commercial Bank (collectively, the “Pavilion "ComBanc Real Properties”"). Copies of all leases of Pavilion ComBanc Real Properties to which ComBanc or Commercial Bank is a party have been provided to First DefianceFDEF. Such leasehold interests have not been assigned or subleased. All Pavilion ComBanc Real Properties which are owned by Pavilion ComBanc or any of the Subsidiaries Commercial Bank are free and clear of all mortgages, liens, security interests, defects, encumbrances, easements, restrictions, reservations, conditions, covenants, agreements, encroachments, rights of way and zoning laws, except (i) those set forth in Section 3.14(a) of the Pavilion ComBanc Disclosure Schedule; (ii) easements, restrictions, reservations, conditions, covenants, rights of way, zoning laws and other defects and irregularities in title and encumbrances which do not materially impair the use thereof for the purposes for which they are held; and (iii) liens for current Taxes not yet due and payable.