Common use of TITLE EVIDENCE AND INSURANCE Clause in Contracts

TITLE EVIDENCE AND INSURANCE. At least (if blank, then 5) days prior to Closing Date, a title 125 insurance commitment issued by a Florida licensed title insurer, with legible copies of instruments listed as 126 exceptions attached thereto (“Title Commitment”) and, after Closing, an owner’s policy of title insurance (see 127 STANDARD A for terms) shall be obtained and delivered to Buyer. If Seller has an owner’s policy of title 128 insurance covering the Real Property, a copy shall be furnished to Buyer and Closing Agent within 5 days after 129 Effective Date. The owner’s title policy premium and charges for owner’s policy endorsements, title search, 130 and closing services (collectively, “Owner’s Policy and Charges”) shall be paid, as set forth below 131 (CHECK ONE): 132* (i) Seller will designate Closing Agent and pay for Owner’s Policy and Charges (but not including charges 133 for closing services related to Buyer’s lender’s policy and endorsements and loan closing, which amounts 134 shall be paid by Buyer to Closing Agent or such other provider(s) as Buyer may select); or

TITLE EVIDENCE AND INSURANCE. At least (if blank, then 5) days prior to Closing Date, a title 125 insurance commitment issued by a Florida licensed title insurer, with legible copies of instruments listed as 126 exceptions attached thereto (“Title Commitment”) and, after Closing, an owner’s policy of title insurance (see 127 STANDARD A for terms) shall be obtained and delivered to Buyer. If Seller Xxxxxx has an owner’s policy of title 128 insurance covering the Real Property, a copy shall be furnished to Buyer and Closing Agent within 5 days after 129 Effective Date. The owner’s title policy premium and charges for owner’s policy endorsements, title search, 130 and closing services (collectively, “Owner’s Policy and Charges”) shall be paid, as set forth below 131 (CHECK ONE): 132* (i) Seller will designate Closing Agent and pay for Owner’s Policy and Charges (but not including charges 133 for closing services related to BuyerXxxxx’s lender’s policy and endorsements and loan closing, which amounts 134 shall be paid by Buyer to Closing Agent or such other provider(s) as Buyer may select); or