Survey Title Insurance Sample Clauses

Survey Title Insurance. (a) Within five (5) business days after the Effective Date, Seller shall provide to Purchaser, at Seller's sole cost and expense, a current abstract of title (or existing title policy) and a survey, to the extent Seller has such items in its possession or control. (b) Purchaser shall order a survey of the Property prepared by a surveyor of Purchaser’s choice (the “Survey”), and a title insurance commitment on the Property prepared by an attorney or title company of Purchaser’s choice (the "Title Commitment") on behalf of a title insurance underwriter of Purchaser's choice (the "Title Company") together with good legible copies of the recorded plat and all documents constituting exceptions to Seller's title as reflected in the Title Commitment. (c) Seller will convey good and marketable title to the Property at Closing, free and clear of all occupancies and tenancies and, except as provided for herein, the Property shall be conveyed free, clear and unencumbered on the Closing Date (as defined herein). In the event the Survey or the Title Commitment reflect encumbrances or other conditions not acceptable to Purchaser ("Defects"), then Seller, upon Purchaser's notification of Defects, shall immediately and diligently proceed to cure the Defects and shall have thirty (30) days from the date of such notice of Defects within which to cure the Defects to Purchaser's satisfaction. If, after the exercise of all reasonable diligence, Seller is unable to remove the Defects, then, at Purchaser's sole option, Purchaser may accept the Defects or Purchaser may terminate this Agreement, in which case Purchaser shall be entitled to the return of the Xxxxxxx Money Deposit and the parties shall be released from further liability hereunder. Notwithstanding the foregoing, Seller shall be required to cure (i) all existing monetary liens and (ii) any and all encumbrances created by Seller after the Effective Date, at Seller's sole cost and expense. Seller's failure to cure such defects shall be a default by Seller hereunder.
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Survey Title Insurance. 27 Section 8.11 Dissenters . . . . . . . . . . . . . . . . 27 Section 8.12
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Survey Title Insurance. On or before the 60th day after the date of this Agreement, Seller shall have obtained and delivered to Purchaser, at Seller’s sole expense: (i) A current commitment to issue to Purchaser or its designee an Owner’s title insurance policy, ALTA Policy Form B-1970, insuring the Real Estate (the “Title Commitment”), in the amount of the purchase price attributable to each of the parcels of Real Estate as set forth in Section 2.04 of this Agreement, issued by a title insurance company authorized to do business with the State of Ohio and reasonably acceptable to Purchaser, with all Standard and General Exceptions deleted and endorsed over so as to afford full “extended full coverage” insuring the marketability of the Real Estate, subject only to the Permitted Exceptions; and (ii) An as-built survey of the Real Estate (the “Survey”) prepared by a registered land surveyor or engineer, duly licensed in the State of Ohio, certified to the title company, and to Purchaser and currently dated, such Survey to depict and include, without limitation, the following: (A) the present location of all structures, including all encroachments of any part thereof onto adjoining improvements, on the Real Estate; (B) access to public roads or ways, and identification of each Permitted Exception (including easements capable of being geographically located by identifying the same on the Survey, and by legal description and reference to recording information; and (C) whether the Real Estate is located in a flood hazard area, and if so, the boundaries of such area. The Survey must, in addition, be sufficient (i) to cause the title insurance company to delete the standard printed survey exception from its own title insurance policy; and (ii) to enable the title insurance company to issue its policy free from any exceptions or objections whatsoever relating to survey matters, except for any of the Permitted Exceptions. (iii) With respect to the Real Estate, Seller shall not have created, or allowed the creation of, any liens, imperfections in title, charges, easements, restrictions or encumbrances other than the Permitted Exceptions after the date of this Agreement.
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Survey Title Insurance. The Survey and title insurance in the form and as described in Sections 5.9 and 5.10 shall have been prepared and delivered to USB and the contents thereof acceptable to USB in its reasonable judgment.
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Survey Title Insurance 
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Related to Survey Title Insurance

  • Title Insurance The Mortgage Loan is covered by an ALTA lender's title insurance policy or other generally acceptable form of policy or insurance acceptable to Fannie Mae or Freddie Mac and each such title insurance policy is issuex xx x xxxle ixxxxxx acceptable to Fannie Mae or Freddie Mac and qualified to do business in the jurisdictxxx xxere the Xxxxxxxed Property is located, insuring the Seller, its successors and assigns, as to the first (with respect to a First Lien Loan) or second (with respect to a Second Lien Loan) priority lien of the Mortgage in the original principal amount of the Mortgage Loan (or to the extent a Mortgage Note provides for negative amortization, the maximum amount of negative amortization in accordance with the Mortgage), subject only to the exceptions contained in clauses (1), (2) and (3) of paragraph (j) of this Subsection 9.02, and in the case of Adjustable Rate Mortgage Loans, against any loss by reason of the invalidity or unenforceability of the lien resulting from the provisions of the Mortgage providing for adjustment to the Mortgage Interest Rate and Monthly Payment. Where required by state law or regulation, the Mortgagor has been given the opportunity to choose the carrier of the required mortgage title insurance. Additionally, such lender's title insurance policy affirmatively insures ingress and egress, and against encroachments by or upon the Mortgaged Property or any interest therein. The Seller, its successor and assigns, are the sole insureds of such lender's title insurance policy, and such lender's title insurance policy is valid and remains in full force and effect and will be in force and effect upon the consummation of the transactions contemplated by this Agreement. No claims have been made under such lender's title insurance policy, and no prior holder of the related Mortgage, including the Seller, has done, by act or omission, anything which would impair the coverage of such lender's title insurance policy, including without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by the Seller;

  • Title Policy The Title Company shall be prepared to issue, upon payment of the title premium at its regular rates, a title policy in the amount of the Purchase Price, insuring title to the Property is vested in the Purchaser or its designee or assignee, subject only to the Permitted Exceptions, with such endorsements as shall be reasonably required by the Purchaser.

  • Survey Buyer may obtain a survey of the Property before the Closing to assure that there are no defects, encroachments, overlaps, boundary line or acreage disputes, or other such matters, that would be disclosed by a survey ("Survey Problems"). The cost of the survey shall be paid by the Buyer. Not later than business days prior to the Closing, Buyer shall notify Seller of any Survey Problems which shall be deemed to be a defect in the title to the Property. Seller shall be required to remedy such defects within If Seller does not or cannot remedy any such defect(s), Buyer shall have the option of canceling this Agreement, in which case the Xxxxxxx Money shall be returned to Buyer.

  • Title Company Escrow Holder shall cause the Title Company to issue the Buyer’s Title Policy to Buyer.

  • Title Commitment A title commitment (“Title Commitment”) from a title company selected by the Seller to the Buyer’s approval (“Title Company”), together with a copy of each instrument, agreement or document listed as an exception to title in such Title Commitment;

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