Unit Deed Sample Clauses
Unit Deed. At Closing, after payment by Purchaser of the Total Purchase Price and performance by Purchaser of all of Purchaser’s other obligations under this Purchase Agreement, Seller agrees to provide Purchaser a duly executed Unit Deed for the Unit and Purchaser agrees to execute and accept such Unit Deed and thereby acquire fee simple title to the Unit.
Unit Deed. Upon full payment of the total purchase price and all other payments required hereunder, Seller shall convey the unit by Warranty Deed to Buyer, as joint tenants, unless otherwise designated. The Deed shall convey insurable title to the Unit, free from all liens and Dunstan Condo Buyer’s Initials 1 of 9 encumbrances, except easements or restrictions of record, the Condominium Documents, the Master Association Declaration of Covenants, those matters set forth or referred to in the Public Offering Statement, and the terms and restrictions of Government approvals.
Unit Deed. Upon full payment of the total purchase price and all other payments required hereunder, Seller shall convey the unit by Warranty Deed to Buyer, as joint tenants, unless otherwise designated. The Seller shall convey insurable title to the unit, free from all liens and encumbrances except easements and restrictions of record as noted in the Public Offering Statement, the Master and Condominium Declaration of Covenants, the Condominium Bylaws and the terms and restrictions of Government Approval.
Unit Deed. Upon satisfaction of Buyer’s obligations to Seller under this Agreement, Seller shall convey the Unit by Warranty Deed (the "Deed") to Buyer on the Closing Date. The Deed shall convey title to the Unit in fee simple with good and insurable title, free of all liens and encumbrances, except and subject to:
(a) Provisions of (i) the Act, as the same may be amended from time to time and (ii) the Declaration as the same may be amended from time to time by instrument recorded in the Cumberland County Registry of Deeds;
(b) Existing rights, obligations, easements, restrictions, licenses, covenants and conditions reserved or contained or referenced in the Declaration;
(c) Such taxes and assessments allocable to the Unit for the then current fiscal year as are not due and payable on the date of delivery of the deed;
(d) The laws of the State of Maine, and municipal ordinances and regulations, including land use and zoning restrictions of the City of Westbrook, Maine;
(e) To any utility easements of record and rights, restrictions, reservations and obligations as noted on any recorded plans and survey;
(f) To all rules and regulations established by the Condominium Association; and
(g) Other easements and encumbrances of record not adversely affecting the beneficial use an enjoyment of the Unit by Buyer. If Seller is unable to convey the Condominium in accordance with the provisions of this Section 10, then Seller in its sole discretion shall have a reasonable period of time, not to exceed thirty business days, from the xxxx Xxxxxx receives written notice of the defect, unless otherwise agreed to in writing by the parties, to remedy the defect, after which time, if such defect is not corrected, Buyer either may within ten (10) days thereafter, at Buyer’s option, withdraw said amount held in the Escrow Account and neither party shall have any further obligation hereunder, or Buyer may, at Buyer’s option close notwithstanding such uncured defects as may then exist. Such written notice of a title defect must be given to Seller no later than ten (10) days prior to the Closing Date and failure to timely notify Seller shall be deemed a waiver of any such defects. Seller may use the purchase money or any portion thereof to clear the title of any or all encumbrances or interests.
Unit Deed. Two (2) original Unit Deeds in the form attached hereto as Exhibit B-2 (the “Unit Deed”), duly executed and acknowledged by Seller and in proper form for recording, conveying the Condominium interest of Seller to the Buyer;
Unit Deed. Seller agrees that on the Closing Date and upon payment by Purchaser to Escrow of the Purchase Price and Estimate of Additional Sums Payable, as set forth in Sections 3.1 and 3.3 hereof, respectively, and upon payment of all other sums agreed to be paid by Purchaser as set forth herein (all of which sums shall collectively be deposited into Escrow in the form of cash, cashier’s check, or wire transfers at least two (2) business days before the Scheduled Closing Date or such earlier date as required by Xxxxxx), Seller agrees to provide to Purchaser a Unit Deed conveying the Property to Purchaser.