Title Insurance Commitment. Seller shall obtain, and deliver to Purchaser, at Purchaser’s sole cost and expense, within twenty (20) days from the Execution Date a current standard commitment for an owner’s policy of title insurance (the “Commitment”), issued by the Title Company as agent for Chicago Title Insurance Company, under which Chicago Title Insurance Company shall agree to insure in the name of Purchaser fee simple title to the Property upon delivery of Seller’s aforesaid deed to Purchaser. The Commitment shall initially be in the minimum amount required by the Title Company for issuance without regard to the Purchase Price. The Property shall be subject only to current general real estate taxes not yet delinquent (and shall not otherwise be subject to any special taxes, assessments, levies, liens or charges made by any public agency or governmental body for any improvements installed on-site or off-site); the title exceptions set forth on Exhibit “B”, which is attached hereto, and by this reference, incorporated herein, title exceptions caused by Purchaser, title exceptions pertaining to liens or encumbrances of a definite or ascertainable amount, which may be removed by the payment of money at Closing, and which the Seller shall remove at that time by using the funds to be paid upon the delivery of the Deed (collectively, the “Permitted Exceptions”). With delivery of the Commitment, Seller shall also deliver or cause to be delivered to Purchaser at Purchaser’s expense copies of any easements, covenants or agreements benefiting or affecting the Property, whether or not of record, of which Seller has knowledge or control. At any time prior to the expiration of fifteen (15) days after receipt by Purchaser of the Commitment, Purchaser shall have the right to advise Seller of any defect or objection thereto. Seller shall then have until fifteen (15) days from the date of Purchaser’s objection to correct or satisfy all defects or objections. If such defects and objections are not corrected or satisfied within said period, then Purchaser, at its option, may elect to terminate this Agreement without liability to Seller by written notice to Seller, in which case, Seller shall promptly return the Option Price to Purchaser or, at Purchaser’s option, Purchaser may elect to accept title subject to such objections or defects and, without Seller having liability to Purchaser by reason of Purchaser accepting title to such objections or defects, if the Option is exercised, proceed to Closi...
Title Insurance Commitment. An American Land Title Association (“ALTA”) mortgagee’s title insurance commitment to be issued by the Title Insurance Company in such form as is acceptable to Lender.
Title Insurance Commitment. Purchaser acknowledges that Seller shall has obtained and delivered to Purchaser a commitment for an ALTA owner's title insurance policy from First American title Insurance Company (the “Title Company”), dated October 27, 2022, number NCS-1153916-CHI2 for the Real Property (the “Title Commitment”).
Title Insurance Commitment. Buyer is responsible for obtaining any title commitment or survey of the Property sufficiently in advance of each scheduled Closing Date in order to satisfy any title requirements of Buyer or Buyer's lender by the scheduled Closing Date, subject to extension for title clearance matters as provided below. Buyer shall pay for the cost of any survey and title commitment.
Title Insurance Commitment. Purchaser has obtained from Commonwealth Land Title Insurance Company (the “Title Company”) a title commitment for the Real Property, Order No. GF#2711000981, including copies of all recorded exceptions to title referred to therein (collectively, the “Title Commitment”). Purchaser has reviewed the Title Commitment and negotiated with the Title Company in order to cause the Title Company to modify the Title Commitment to reflect only those exceptions to title that are acceptable to Purchaser. The exceptions to title disclosed in the Title Commitment (i.e., including any endorsements or supplements to the Title Commitment that the Title Company has agreed to issue prior to such expiration), including any survey matters, will be the “Permitted Exceptions” hereunder, excluding (i) any delinquent taxes or assessments, (ii) any monetary liens or encumbrances created by, through or under Seller, or (iii) any standard printed exceptions concerning parties in possession, mechanics’ liens or claims therefor and matters first appearing in the public records after the date of the Title Commitment but before Closing. At or prior to Closing, Seller will provide such affidavits to the Title Company as may be necessary to delete such standard printed exceptions and Seller will cause any delinquent taxes or assessments and any monetary liens or encumbrances created by, through or under Seller and any mechanics’ liens or claims and any other encumbrances resulting from Seller’s breach of its covenants under this Agreement (any such item being a “Non-Permitted Exception”) to be removed of record. Except as specifically provided in this Section 3.2(a), Seller will have no obligation to cure or remove any exceptions shown on the Title Commitment unless Seller agrees in writing to do so.
Title Insurance Commitment. A commitment for an ALTA Owner’s (1970 Form B or the most recent revision thereof) policy of title insurance for each parcel of the Acquired Real Property, dated subsequent to the date hereof, which shall be issued by Commonwealth Land Title Insurance Company or another reputable national title insurance company reasonably acceptable to Purchaser (the “Commitment”). The Commitment shall show all exceptions to title including, but not limited to, all covenants, conditions, restrictions, reservations, easements, rights and rights-of-way, liens and other matters of record, and shall include proper searches for bankruptcies, judgments and State and Federal tax liens affecting the Acquired Real Property or Seller.
Title Insurance Commitment. Within ten (10) days after execution and acceptance of this Agreement by Seller, Seller shall deliver or cause to be delivered to Purchaser a title insurance commitment (the "Title Commitment", Exhibit B) issued by North American Title Company ("Title Company") together with copies of all recorded exceptions to title referred to therein (collectively with the Title Commitment, the "Title Documents"), showing merchantable title to the Property to be vested in Seller and committing to insure such title to the Property in Purchaser or Purchaser's agreed assignees or designees by the issuance as of the Closing date hereunder of its standard form owner's policy of title insurance in the amount of the Purchase Price, deleting there from the pre-printed Standard Exceptions and containing only such other exceptions as are not objected to by Purchaser as otherwise provided in this Agreement. Purchaser shall be entitled to review the Title Documents as part of its investigations hereunder, as further set forth herein.
Title Insurance Commitment. Buyer shall have received the Title Insurance Commitment and the Survey with respect to the Related Real Property and the Redstone Arsenal Property, all in form and substance reasonably satisfactory to Buyer.
Title Insurance Commitment. A commitment (“Title Commitment”) for the most current form of an ALTA Form Owner’s Policy of Title Insurance insuring title to the Real Property, deleting standard exceptions and including affirmative insurance regarding zoning, contiguity, appurtenant easements and such other matters as may be identified by Xxxxx, in the amount of the Purchase Price, issued by Guaranty Commercial Title Company (“Title”). The Title Commitment will commit Title to insure title to the Property subject only to the Permitted Encumbrances.
Title Insurance Commitment. Within ten (10) days following the Effective Date hereof, Seller shall cause Flagler County Abstract Company ("Title Company"), through its agent, Xxxx O’Day-Xxxx ("Title Agent"), to issue and deliver to City an A.L.T.A. Form B title commitment ("Title Commitment") accompanied by one (1) copy of each document supporting any exception shown on the Title Commitment to the Property. If the Title Commitment reflects matters other than the standard exception for ad valorem real estate taxes for the current year and those matters which will be discharged by the Seller at or prior to Closing, then the City shall give the Seller written notice thereof before the expiration of ten (10) business days after receipt of the Title Commitment. In such event, the City shall state which exceptions to the Title Commitment are objectionable, and the Seller shall undertake to eliminate such exceptions. In the event the Seller is unable with the exercise of due diligence to satisfy said objections prior to Closing, the City may, in its sole discretion, (i) accept title subject to the objections raised by it, in which event said objections shall be deemed to be waived for all purposes, or (ii) rescind this Agreement and this Agreement shall be of no further force and effect (except for any indemnifications which survive hereunder). Seller shall not be obligated to spend more than $5,000.00 to cure any title defects.
