Title and Mortgages. Developer warrants that at the time of execution of this Agreement it holds fee simple title to the property shown on the development plan and agrees that prior to the issuance of any building permit it shall furnish the Town with a certificate of title signed by an attorney licensed to practice law in the State of Maryland certifying that the Developer then holds good and merchantable title. Said certificate shall also disclose the existence of all mortgages, judgment holders or lienors and if there are any, then Developer shall cause such mortgages, judgment holders or lienors to consent in writing to the provisions of this Agreement for the purpose of subordinating their rights to the rights of the Town hereunder, which consent shall in no way require any such party to perform the obligations or to assume any of the liabilities of the Developer hereunder.
Appears in 9 contracts
Samples: Public Works Agreement, Public Works Agreement, Public Works Agreement
Title and Mortgages. Developer warrants that at the time of execution of this Agreement it holds fee simple title to the property pProperty shown on the development plan and agrees that prior to the issuance of any building permit it shall furnish the Town with a certificate of title signed by an attorney licensed to practice law in the State of Maryland certifying that the Developer then holds good and merchantable title. Said certificate shall also disclose the existence of all mortgages, judgment holders or lienors and if there are any, then Developer shall cause such mortgages, judgment holders or lienors to consent in writing to the provisions of this Agreement for the purpose of subordinating their rights to the rights of the Town hereunder, which consent shall in no way require any such party to perform the obligations or to assume any of the liabilities of the Developer hereunder.
Appears in 3 contracts
Samples: Public Works Agreement, Public Works Agreement, Public Works Agreement
