Standard Exceptions definition

Standard Exceptions are boilerplate exceptions included on every title commitment in Florida (although the specific language may vary from Title Company to Title Company) and are as follows:
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Standard Exceptions means the preprinted title exceptions appearing on the Title Commitments for (a) matters that would be disclosed by a survey, (b) easements or claims of easements not shown by the public records, (c) any unfiled mechanic’s or materialmen’s lien, and (d) rights or claims of parties in possession not shown by the public records.
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Standard Exceptions means: (i) liens of real estate taxes, assessments, water and sewer rates and charges, and any other governmental or quasi-governmental taxes, charges or assessments levied or assessed against the Property, which are not yet due and payable, (ii) any and all state, city, county or Federal present and future laws, rules, regulations, statutes, ordinances, orders, special permits, building codes, approvals or other legal requirements affecting the Property, including without limitation, those relating to zoning and land use, (iii) all matters set forth in the Title Commitment and waived by the Purchaser or deemed to be waived by the Purchaser as provided hereinabove, (iv) the standard printed exclusions contained in an ALTA form of title insurance policy, unless the Purchaser obtains, at its sole cost, expense and risk, endorsements to the title insurance policy which exclude any such standard printed exclusions, (v) the Leases, and (vi) any title exception created by any act or omission of the Purchaser or its representatives, agents, employees or invitees.
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Examples of Standard Exceptions in a sentence

  • SELLER shall provide to BUYER at Closing an Owner’s Title Insurance Policy insuring that the title to the property is marketable, subject only to the Standard Exceptions of the title insurance policy, taxes for the year of closing, public utilities and subdivision restrictions that do not effect marketability of title, and encumbrances of record that are to be assumed by BUYER as part of the Purchase Price.

  • Within five (5) days of the Effective Date of this Agreement, Purchaser shall order a commitment for an Owner's ALTA Title Policy, without Standard Exceptions (the "Commitment"), from Liberty Title Company (the "Title Company"), and shall provide a copy of the same to Seller upon receipt.

  • Additionally, Seller shall cause to execute a standard “no lien” affidavit with the Title Company, sufficient to permit the "GAP" (the "GAP" shall be the period from the initial effective date of Purchaser's Commitment to the date that the Special Warranty Deed shall have been recorded) and the "Standard Exceptions".

  • Within thirty days (30) days after execution of this Agreement by both parties, Seller shall cause to be ordered from the Escrow Agent a commitment (Commitment) for an ALTA Owner’s Policy of Title Insurance (with Standard Exceptions deleted and subject only to the Permitted Exceptions), in an amount equal to the Total Sales Price (Title Policy), setting forth the state of title to the Property as of the effective date of the Commitment.

  • The providers of title and escrow/closing shall be designated by , and shall pay for Standard ALTA Owners policy of title insurance, the title commitment, all title searches and all other charges related thereto which Owners Title Policy shall be subject to the Standard Exceptions.

  • If the Commitment reveals any exceptions, liens, encumbrances, title defects or title irregularities beyond the Title Exceptions and Standard Exceptions which render the title unmerchantable (those matters, the “Commitment Exceptions”), then Buyer shall provide written notice to Seller specifying any Commitment Exceptions to which Buyer objects (those matters, the “Commitment Objections”) within ten days after the Buyer receives the Commitment (that notice, the “Objection Notice”)..


More Definitions of Standard Exceptions

Standard Exceptions has the meaning set forth in Section 5.2.
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Standard Exceptions means general exceptions for survey matters, unrecorded easements, mechanics’ liens, unrecorded liens for taxes and assessments and rights of parties in possession.
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Standard Exceptions has the meaning set forth in Section 3.1(b).
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Standard Exceptions is defined in Section 3.2 of this Agreement.
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Standard Exceptions will be deleted and the Seller will furnish the customary affidavit.
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Related to Standard Exceptions

  • Permitted Exceptions shall have the meaning set forth in Section 4.3.

  • Exceptions means the conditions set out in Standard Licence Condition 14A.3 of our Licences, which are: (i) if your previous supplier has prevented

  • Equitable Exceptions means, with respect to the enforceability of any obligation, that such obligation is subject to (a) applicable bankruptcy, insolvency, moratorium, receivership, assignment for the benefit of creditors or other similar state or federal laws affecting the rights and remedies of creditors generally (including, without limitation, fraudulent conveyance or transfer laws) and judicially developed doctrines in this area, such as equitable subordination and substantive consolidation of entities and (b) equitable principles (whether considered in a proceeding in equity or at law).

  • Permitted Exception means that, with respect to any representation, warranty or covenant with respect to the interest of the Buyer and its assignees in the ARSC Purchased Assets or any Servicer Default, that (i) prior to recordation (A) pursuant to Section 8.3 of this Agreement and/or Section 2.01(d)(i) of the Transfer and Servicing Agreement or (B) upon the sale of a Home to an Ultimate Buyer, record title to such Home may remain in the name of the related Transferred Employee, and no recordation in real estate records of any mortgage or any conveyance pursuant to the related Home Purchase Contract or Home Sale Contract in favor of any Transaction Party or any of the Buyer’s assignees and assigns pursuant to the Receivables Purchase Agreement will be made except as otherwise permitted under Section 2.01(d)(i) of the Transfer and Servicing Agreement and (ii) no delivery of any Home Purchase Contracts, Home Deeds and Equity Loan Notes to any custodian will be required.

  • Existing Survey means the existing ALTA survey of the Property.

  • Permitted Title Exceptions means those exceptions to title to the Real Property that are satisfactory to the Acquiror as determined pursuant to Section 2.2.

  • Title Objections has the meaning ascribed to such term in Section 6.2(a).

  • Schedule of Exceptions shall have the meaning set forth in Section 5, and is attached hereto as Exhibit C.

  • Lead-based paint hazard means hazardous lead-based paint, a dust-lead hazard, or a soil-lead hazard.

  • Title Report has the meaning set forth in Section 5.4(b).

  • Exception Report As defined in the Custodial Agreement.

  • Title Policies has the meaning set forth in Section 6.17.

  • Record of survey map means a map of a survey of land prepared in accordance with Section 10-9a-603, 17-23-17, 17-27a-603, or 57-8-13.

  • Schedule of Representations means the Schedule of Representations and Warranties attached hereto as Schedule B.

  • Customary Recourse Exceptions means, with respect to any Non-Recourse Debt of an Unrestricted Subsidiary, exclusions from the exculpation provisions with respect to such Non-Recourse Debt for the voluntary bankruptcy of such Unrestricted Subsidiary, fraud, misapplication of cash, environmental claims, waste, willful destruction and other circumstances customarily excluded by lenders from exculpation provisions or included in separate indemnification agreements in non-recourse financings.

  • Property Information has the meaning specified in Section 4.03.

  • Non-Public Works and Improvements means all competitively solicited procurement of Supplies and/or Services by the City not solicited as Public Works.

  • Title Policy shall have the meaning set forth in Section 4.2.

  • Exception Documents shall have the meaning set forth in Section 4.2.

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Title Commitment shall have the meaning set forth in Section 4.2.

  • Title Documents shall have the meaning set forth in Section 4.1.

  • Toll Billing Exception Service (TBE means a service that allows End Users to restrict third number billing or collect calls to their lines.

  • Rent Roll shall have the meaning set forth in Section 3.18 hereof.

  • Exception shall have the meaning assigned thereto in the Custodial Agreement.

  • Standard Listing Conditions has the meaning ascribed thereto in subsection 5(a)(v) hereof;