Seller Deliverables. Seller agrees to deliver merchantable title to the Property at Closing and execute, acknowledge (as appropriate) and deliver to Buyer the following at the Closing: (a) act of sale without warranty of title (except as to Seller’s acts) and subject to the waiver of warranties as set forth herein; (b) such possession and lien affidavits (without indemnity) if and as reasonably required by a title insurer; (c) settlement statement; (d) such other documents as may be reasonably required to consummate the transactions set forth herein; and (e) any closing expenses required by the Seller herein. The date of the Closing shall be extended to allow for any curative work necessary to satisfy Seller’s obligation to deliver merchantable title. Until all defects in Seller’s title have been cured, after a 60-day delay in the original date scheduled for the Closing, the Buyer may at Buyer’s option terminate this Agreement and receive a return of the Deposit, less any amount then owed for Change Orders. If the Seller is unable to cure title defects after 90 days from the original date scheduled for the Closing, then the Seller may, at the Seller’s option, terminate this Agreement by returning the Deposit to the Buyer.
Appears in 4 contracts
Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement
