Municipal Lien definition

Municipal Lien means a lien on Benefited Property which secures the obligation to pay real property taxes, municipal charges or governmentally imposed assessments in respect of services of benefits to a Benefited Property.
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Municipal Lien means a lien on Benefited Property which secures the obligation to pay
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Examples of Municipal Lien in a sentence

  • Buyer acknowledges that it has reviewed this Memorandum of Sale, the Mortgagee's Notice, the Municipal Lien Certificate, and all other materials delivered at the sale (referred to collectively as the "Bidder's Package"), and agrees to purchase the Property subject to the items disclosed in such Bidder's Package.

  • At Closing, Buyer shall provide Sellers with a copy of the Municipal Lien Certificate or other evidence of payment of taxes reasonably satisfactory to Seller, and a settlement statement with the basis for the computation of all adjustments and other entries on the Settlement Statement.

  • SELLER WILL PAY: 203 (A) CLOSING COSTS: 204 Deed stamps Mortgage discount not to exceed 205 Owner’s title insurance policy Appraisal fee 206 Title search SELLER’s courier/wire fees 207 Closing attorney/settlement fee Municipal Lien Search 208 Survey 209 Satisfaction of mortgage and recording fee 210 Other .

  • Any additional documents that the Title Company may reasonably require for the proper consummation of the transactions contemplated by this Agreement (including, without limitation, a Municipal Lien Certificate from the Town of ▇▇▇▇▇▇▇ regarding the status of property taxes).

  • If such payment is not made within the ten-day period, the Municipality may place a municipal lien against the Property pursuant to the procedures contained in the Pennsylvania Municipal Lien Law, 53 P.S. § 7101 et seq., as amended.

  • At the same time the Settlement Agent shall provide the Seller with a copy of the Municipal Lien Certificate and the basis for the computation of all adjustments and other entries on the Settlement Statement.

Related to Municipal Lien

  • Agricultural lien means an interest, other than a security interest, in farm products:

  • Initial Lien as defined in Subsection 8.6.

  • Municipal Property means all property, including lands and buildings, owned, controlled or managed by the Municipality within the Municipal Service Area;

  • Environmental Lien means any Lien in favor of any Governmental Authority for Environmental Liabilities and Costs.

  • Environmental Liens shall have the meaning set forth in Section 5.1.19 hereof.