Common use of Title Policy Clause in Contracts

Title Policy. Seller shall furnish to Buyer an Owner’s Policy of Title Insurance issued by Great Western Abstract and Title Company in the amount of the sales price to insure buyer against loss under the provisions of the title policy, subject to the promulgated exclusions and exceptions (including existing building and zoning ordinances). **You are here advised that the title company is owned, in part, by Xxxx Xxxxxx and Xxxxxxxx Xxxxxxxxxxx of which the seller herein is a subsidiary. Such ownership interest will not affect your rights under any title insurance policy that will be issued to you by the title company.