Common use of Title, Appraisal and Survey Clause in Contracts

Title, Appraisal and Survey. ODA will obtain, at the Seller’s expense, a title guaranty, title insurance as evidence of the title to be conveyed hereunder, and if necessary, an appraisal. ODA may require the Seller to have the Property surveyed by a duly licensed surveyor at the Seller’s expense, if ODA determines that the boundaries of the Property are not sufficiently described to enforce the Easement or if a survey is required to record the Easement. Release of payment is subject to approval by ODA’s Legal Section of the title information contained hereunder, including restrictions, reservations, conditions, agreements and easements of record, if any, and zoning ordinances, if any. If the title commitment or survey discloses any exception to title which ODA in the exercise of its reasonable judgment finds unacceptable, the Seller shall have a reasonable time period, not to exceed one hundred and eighty days (180) to cure the exception to title. If Seller fails to cure the exception, then Seller shall be considered in breach of this Agreement, and this Agreement shall terminate. ODA’s remedies for breach are described in Paragraph 6 of this Agreement. The Seller’s application may be submitted to the United States Department of Agriculture’s (“USDA”) Natural Resource Conservation Service (“NRCS”) for partial reimbursement under the Agricultural Conservation Easement Program - Agricultural Land Easement (“ACEP-ALE”) program for the purchase of the Agricultural Easement. If Seller’s application is submitted to USDA/NRCS, compliance with ACEP-ALE requirements will be required.

Title, Appraisal and Survey. ODA XXX will obtain, at the Seller’s expense, a title guaranty, title insurance as evidence of the title to be conveyed hereunder, and if necessary, an appraisal. ODA XXX may require the Seller to have the Property surveyed by a duly licensed surveyor at the Seller’s expense, if ODA determines that the boundaries of the Property are not sufficiently described to enforce the Easement or if a survey is required to record the Easement. Release of payment is subject to approval by ODAXXX’s Legal Section of the title information contained hereunder, including restrictions, reservations, conditions, agreements and easements of record, if any, and zoning ordinances, if any. If the title commitment or survey discloses any exception to title which ODA XXX in the exercise of its reasonable judgment finds unacceptable, the Seller shall have a reasonable time period, not to exceed one hundred and eighty days (180) to cure the exception to title. If Seller fails to cure the exception, then Seller shall be considered in breach of this Agreement, and this Agreement shall terminate. ODAXXX’s remedies for breach are described in Paragraph 6 of this Agreement. The Seller’s application may be submitted to the United States Department of Agriculture’s (“USDA”) Natural Resource Conservation Service (“NRCS”) for partial reimbursement under the Agricultural Conservation Easement Program - Agricultural Land Easement (“ACEP-ACEP- ALE”) program for the purchase of the Agricultural Easement. If Seller’s application is submitted to USDA/NRCS, compliance with ACEP-ALE requirements will be required.

Title, Appraisal and Survey. ODA XXX will obtain, at the Seller’s expense, a title guaranty, title insurance as evidence of the title to be conveyed hereunder, and if necessary, an appraisal. ODA may require the Seller to have the Property surveyed by a duly licensed surveyor at the Seller’s expense, if ODA determines that the boundaries of the Property are not sufficiently described to enforce the Easement or if a survey is required to record the Easement. Release of payment is subject to approval by ODAXXX’s Legal Section of the title information contained hereunder, including restrictions, reservations, conditions, agreements and easements of record, if any, and zoning ordinances, if any. If the title commitment or survey discloses any exception to title which ODA XXX in the exercise of its reasonable judgment finds unacceptable, the Seller shall have a reasonable time period, not to exceed one hundred and eighty days (180) to cure the exception to title. If Seller fails to cure the exception, then Seller shall be considered in breach of this Agreement, and this Agreement shall terminate. ODAXXX’s remedies for breach are described in Paragraph 6 of this Agreement. The Seller’s application may be submitted to the United States Department of Agriculture’s (“USDA”) Natural Resource Conservation Service (“NRCS”) for partial reimbursement under the Agricultural Conservation Easement Program - Agricultural Land Easement (“ACEP-ALE”) program for the purchase of the Agricultural Easement. If Seller’s application is submitted to USDA/NRCS, compliance with ACEP-ALE requirements will be required.

Title, Appraisal and Survey. ODA will obtain, at the Seller’s expense, a title guaranty, title insurance as evidence of the title to be conveyed hereunder, and if necessary, an appraisal. ODA may require the Seller to have the Property surveyed by a duly licensed surveyor at the Seller’s expense, if ODA determines that the boundaries of the Property are not sufficiently described to enforce the Easement or if a survey is required to record the Easement. Release of payment is subject to approval by ODA’s Legal Section of the title information contained hereunder, including restrictions, reservations, conditions, agreements and easements of record, if any, and zoning ordinances, if any. If the title commitment or survey discloses any exception to title which ODA in the exercise of its reasonable judgment finds unacceptable, the Seller shall have a reasonable time period, not to exceed one hundred and eighty days (180) to cure the exception to title. If Seller fails to cure the exception, then Seller shall be considered in breach of this Agreement, and this Agreement shall terminate. ODA’s remedies for breach are described in Paragraph 6 of this Agreement. The Seller’s application may be submitted to the United States Department of Agriculture’s (“USDA”) Natural Resource Conservation Service (“NRCS”) for partial reimbursement under the Agricultural Conservation Easement Program - Agricultural Land Easement (“ACEP-ACEP- ALE”) program for the purchase of the Agricultural Easement. If Seller’s application is submitted to USDA/NRCS, compliance with ACEP-ALE requirements will be required.