Title Curatives Sample Clauses

Title Curatives. 9.3.1 In the event the Seller is not able to provide an original satisfaction at closing for recording in the County Clerk’s office for any open or outstanding mortgage or other lien held by an institutional lender to be paid from the sale proceeds, the Seller shall provide in advance of closing a written payoff statement through the date of Closing from the lienholder and obtain and record said satisfaction no later than thirty (30) days after closing, and this provision shall survive the closing. If the Premises are encumbered by a mortgage or lien held by a mortgagee other than an institutional lender, the Seller will deliver for recording by closing an original mortgage discharge or lien termination signed by the mortgagee or lien holder.
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Related to Title Curatives

  • 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 business days and prior to the Closing. 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.

  • Surveys Each Borrower shall submit the Ship owned by it regularly to all periodical or other surveys which may be required for classification purposes and, if so required by the Security Trustee provide the Security Trustee, with copies of all survey reports.

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