Common use of Purchaser’s Lien Clause in Contracts

Purchaser’s Lien. 27. All money paid on account of this Contract, and the reasonable expenses of examination of the title to the PREMISES and of any survey and survey inspection charges are hereby made liens on the PREMISES and collectable out of the PREMISES. Such liens shall not continue after default in performance of this Contract by PURCHASER (the term default being herein defined in Paragraph 3 above).