Common use of Title Insurance and Surveys Clause in Contracts

Title Insurance and Surveys. Buyer will obtain with respect to each --------------------------- parcel of Real Property described in Schedule 6.13 which is used as the WKJS Transmitter Site and WSOJ Transmitter Site (i) within forty-five (45) days of the date of the execution of this Agreement, an owner's policy by a title insurer reasonably satisfactory to Seller, in an amount equal to the fair market value of such Real Property (including all improvements located thereon), insuring Buyer's fee simple title to such Real Property as of the Closing without defects in title, together with such endorsements for zoning, continuity, public access and extended coverage as Buyer or its lender may reasonably request and (ii) a current survey of each parcel of Real Property certified to Buyer and its lender, prepared by a licensed surveyor and conforming to current ALTA Minimum Detail Requirements for Land Title Surveys, disclosing the location of all improvements, easements, party walls, sidewalks, roadways, utility lines, and other matters shown customarily on such surveys, and showing access affirmatively to public streets and roads ("Survey") which shall not disclose any survey defect or encroachment from or onto any of the Real Property which has not been cured or insured over prior to the Closing. Buyer shall pay the cost of such title policies and Survey.

Title Insurance and Surveys. Buyer Buyer, at its cost and expense, --------------------------- will obtain with respect to each --------------------------- parcel of Real Property owned real property described in Schedule 6.13 which is used as the WKJS Station WPLZ-FM Transmitter Site and WSOJ Station WGCV-AM Transmitter Site (i) within not less than forty-five (45) days of the date of the execution of this Agreementprior to Closing, (i) an owner's policy by a title insurer reasonably satisfactory to Sellerpolicy, in an amount equal to the fair market value of such Real Property real property (including all improvements located thereon), insuring Buyer's fee simple title to such Real Property real property as of the Closing without defects in title, together with such endorsements for zoning, continuity, public access and extended coverage as Buyer or its lender may reasonably request and (ii) a current survey of each parcel of Real Property real property certified to Buyer and its lender, prepared by a licensed surveyor and conforming to current ALTA Minimum Detail Requirements for Land Title Surveys, disclosing the location of all improvements, easements, party walls, sidewalks, roadways, utility lines, and other matters shown customarily on such surveys, and showing access affirmatively to public streets and roads ("Survey") which shall not disclose any survey defect or encroachment from or onto any of the Real Property real property which has not been cured or insured over prior to the Closing. Buyer shall pay the cost of such title policies and Survey.

Title Insurance and Surveys. Buyer Buyer, at its cost and expense, will obtain with respect to each --------------------------- parcel of Real Property owned real property described in Schedule 6.13 which is used as the WKJS Station WPLZ-FM Transmitter Site and WSOJ Station WGCV-AM Transmitter Site (i) within not less than forty-five (45) days of the date of the execution of this Agreementprior to Closing, (i) an owner's policy by a title insurer reasonably satisfactory to Sellerpolicy, in an amount equal to the fair market value of such Real Property real property (including all improvements located thereon), insuring Buyer's fee simple title to such Real Property real property as of the Closing without defects in title, together with such endorsements for zoning, continuity, public access and extended coverage as Buyer or its lender may reasonably request and (ii) a current survey of each parcel of Real Property real property certified to Buyer and its lender, prepared by a licensed surveyor and conforming to current ALTA Minimum Detail Requirements for Land Title Surveys, disclosing the location of all improvements, easements, party walls, sidewalks, roadways, utility lines, and other matters shown customarily on such surveys, and showing access affirmatively to public streets and roads ("Survey") which shall not disclose any survey defect or encroachment from or onto any of the Real Property real property which has not been cured or insured over prior to the Closing. Buyer shall pay the cost of such title policies and Survey.