Statutory Warranty definition
Examples of Statutory Warranty in a sentence
At the Closing, Owner will execute, acknowledge, and deliver to Optionee a Statutory Warranty Deed substantially in the form attached hereto as Exhibit C, conveying the Property to Optionee, subject only to the Permitted Exceptions.
Title shall be conveyed by a Statutory Warranty Deed subject only to the Permitted Exceptions.
Upon payment of all amounts due Sellers, and upon the Lenders approval of the purchase contract and discount of the mortgage to $49,000, or upon the Buyers approved Lender pay off of the mortgage, Sellers agrees to deliver to Buyer a Statutory Warranty Deed in fulfillment of this Contract.
If this Agreement is for conveyance of Seller’s vendee’s interest in a Real Estate Contract, the Statutory Warranty Deed shall include a contract vendee’s assignment sufficient to convey after acquired title.
Buyer will pay the premium for its owner’s title insurance policy, the cost of recording the Statutory Warranty Deed from the Seller, and the Closing Agent’s escrow fees.
At Closing, Seller will execute and deliver to Buyer a Statutory Warranty Deed conveying and warranting good and marketable title to the Property free and clear of all defects or encumbrances except for the lien of real estate taxes and drainage service charges not yet due and payable and those defects and/or encumbrances (if any) identified on Exhibit B (collectively, “Permitted Exceptions”).
None of the provisions of this Agreement shall be merged by the Statutory Warranty Deeds or dedication of the Property.
Grantor has caused this Statutory Warranty Deed to be executed as of the day and year first written above.
This amount is returned not later than fifteen (15) days after the termination of Statutory Warranty and quality guarantee period.
If this Agreement is for conveyance of Seller's vendee's interest in a Real Estate Contract, the Statutory Warranty Deed shall include a contract vendee's assignment sufficient to convey after acquired title.