Common use of Defects in Title Clause in Contracts

Defects in Title. If the Purchaser raises an objection to the Seller’s title to the Property, which, if valid, would make title to the Property uninsurable, the Seller shall have the right unilaterally to terminate the Agreement by giving written notice of the termination to the Purchaser. However, if the Seller is able to correct the problem through reasonable efforts, as the Seller determines, at its sole and absolute discretion, prior to the Expiration Date, including any written extensions, or if title insurance is available from a reputable title insurance company at regular rates containing affirmative coverage for the title objections, then the Agreement shall remain in full force and the Purchaser shall perform pursuant to the terms set in the Agreement. The Seller is not obligated to remove any exception or to bring any action or proceeding or bear any expense in order to convey title to the Property or to make the title marketable and/or insurable but any attempt by the Seller to remove such title exceptions shall not impose an obligation upon the Seller to remove those exceptions. The Purchaser acknowledges that the Seller’s title to the Property may be subject to court approval of foreclosure or to mortgagor’s right of redemption. In the event the Seller is not able to (a) make the title insurable or correct any problem or (b) obtain title insurance from a reputable title insurance company, all as provided herein, the Purchaser may terminate this Agreement and any xxxxxxx money deposit will be returned to the Purchaser as the Purchaser’s sole remedy at law or equity. If the Purchaser elects to take title subject to the title objections, the Purchaser shall so notify the Seller. The Purchaser’s silence as to any title objections shall be deemed as acceptance.

Defects in Title. If the Purchaser Buyer raises an objection to the Seller’s title to the Property, which, if valid, would make title to the Property uninsurable, the Seller shall have the right unilaterally to terminate the Agreement by giving written notice of the termination to the PurchaserBuyer. However, if the Seller is able to correct the problem through reasonable efforts, as the Seller determines, at its sole and absolute discretion, prior to the Expiration Dateclosing date set forth in the Agreement, including any written extensions, or if title insurance is available from a reputable title insurance company at regular rates containing affirmative coverage for the title objections, then the Agreement shall remain in full force and the Purchaser Buyer shall perform pursuant to the terms set forth in the Agreement. The Seller is not obligated to (A) remove any exception or to exception, (B) bring any action or proceeding or bear any expense in order to convey title to the Property Property, or to (C) make the title marketable and/or insurable but any or insurable. Any attempt by the Seller to remove such title exceptions shall not impose an obligation upon the Seller to remove those exceptions. The Purchaser Buyer acknowledges that the Seller’s title to the Property may be subject to court approval of foreclosure or to a mortgagor’s right of redemption. In the event the Seller is not able to (aA) make the title insurable or correct any problem all title problems, or (bB) obtain title insurance for the Property from a reputable title insurance company, all as provided herein, the Purchaser either Party may terminate this the Agreement and any xxxxxxx money deposit will be returned to the Purchaser Buyer as the PurchaserBuyer’s sole remedy at law or equity. If the Purchaser elects to take title subject to the title objections, the Purchaser shall so notify the Seller. The Purchaser’s silence as to any title objections shall be deemed as acceptance.

Defects in Title. If the Purchaser raises an objection to the Seller’s title to the Property, which, if valid, would make title to the Property uninsurable, the Seller shall have the right unilaterally to terminate the this Agreement by giving written notice of the termination to the Purchaser. However, if the Seller is able to correct the problem through reasonable efforts, as the Seller determines, at its sole and absolute discretion, prior to the Expiration Dateclosing date set forth in this Agreement, including any written extensions, or if title insurance is available from a reputable title insurance company at regular rates containing affirmative coverage for the title objections, then the this Agreement shall remain in full force and the Purchaser shall perform pursuant to the terms set in the this Agreement. The Seller is not obligated to remove any exception or to bring any action or proceeding or bear any expense in order to convey title to the Property or to make the title marketable and/or insurable but any attempt by the Seller to remove such title exceptions shall not impose an obligation upon the Seller to remove those exceptions. The Purchaser acknowledges that the Seller’s title to the Property may be subject to court approval of foreclosure or to mortgagor’s right of redemption. In the event the Seller is not able to (a) make the title insurable or correct any problem or (b) obtain title insurance from a reputable title insurance company, all as provided herein, the The Purchaser may terminate this Agreement and any xxxxxxx money deposit will be returned to the Purchaser as the Purchaser’s sole remedy at law or equity. If the Purchaser elects to take title subject to the title objections, the Purchaser shall so notify the Seller. The Purchaser’s silence as to any title objections shall be deemed as acceptance.

Defects in Title. If the Purchaser raises an objection to the Seller’s 's title to the Property, which, if valid, would make title to the Property uninsurable, the Seller shall have the right unilaterally to terminate the Agreement by giving written notice of the termination to the Purchaser. However, if the Seller is able to correct the problem through reasonable efforts, as the Seller determines, at its sole and absolute discretion, prior to the Expiration Date, including any written extensions, or if title insurance is available from a reputable title insurance company at regular rates containing affirmative coverage for the title objections, then the Agreement shall remain in full force and the Purchaser shall perform pursuant to the terms set in the Agreement. The Seller is not obligated to remove any exception or to bring any action or proceeding or bear any expense in order to convey title to the Property or to make the title marketable and/or insurable but any attempt by the Seller to remove such title exceptions shall not impose an obligation upon the Seller to remove those exceptions. The Purchaser acknowledges that the Seller’s 's title to the Property may be subject to court approval of foreclosure or to mortgagor’s 's right of redemption. In the event the Seller is not able to (a) make the title insurable or correct any problem or (b) obtain title insurance from a reputable title insurance company, all as provided herein, the Purchaser may terminate this Agreement and any xxxxxxx money deposit will be returned to the Purchaser as the Purchaser’s 's sole remedy at law or equity. If the Purchaser elects to take title subject to the title objections, the Purchaser shall so notify the Seller. The Purchaser’s 's silence as to any title objections shall be deemed as acceptance.

Defects in Title. If the Purchaser Buyer raises an objection to the Seller’s title to the Property, which, if valid, would make title to the Property uninsurable, the Seller shall have the right unilaterally to terminate the Agreement by giving written notice of the termination to the PurchaserBuyer. However, if the Seller is able to correct the problem through reasonable efforts, as the Seller determines, determines at its sole and absolute discretion, prior to the Expiration Closing Date, including any written extensionsextensions thereof, or if title insurance is available from a reputable title insurance company at regular rates containing affirmative coverage for the title objections, then the Agreement shall remain in full force and the Purchaser Buyer shall perform pursuant to the terms set forth in the Agreement. The Seller is not obligated to remove any exception or to bring any action or proceeding or bear any expense in order to convey title to the Property or to make the title marketable and/or insurable but insurable, and any attempt by the Seller to remove such title exceptions shall not impose an obligation upon the Seller to remove those exceptions. The Purchaser Buyer acknowledges that the Seller’s title to the Property may be subject to court approval of foreclosure or to mortgagor’s right of redemption. In the event the Seller is not able to (a) make the title insurable or correct any problem problem, or (b) obtain title insurance from a reputable title insurance company, all as provided herein, the Purchaser Buyer may terminate this the Agreement and any xxxxxxx money deposit will be returned to the Purchaser Buyer as the PurchaserBuyer’s sole remedy at law low or equity. If the Purchaser elects to take title subject to the title objections, the Purchaser shall so notify the Seller. The Purchaser’s silence as to any title objections shall be deemed as acceptance.

Defects in Title. If the Purchaser raises an objection to the Seller’s title to the Property, Property which, if valid, would make title to the Property uninsurable, the Seller shall have the unilateral right unilaterally to terminate the Agreement by giving written notice of the termination to the Purchaser. However, if the Seller is able to correct the problem through reasonable efforts, as the Seller determines, at its sole and absolute discretion, prior to the Expiration Date, including any written extensions, or if title insurance is available from a reputable title insurance company at regular rates containing affirmative coverage for the title objections, then the Agreement shall remain in full force and the Purchaser shall perform pursuant to the terms set forth in the Agreement. The Seller is not obligated to remove any exception or to bring any action or proceeding or bear any expense in order to convey title to the Property or to make the title marketable and/or insurable insurable, but any attempt by the Seller to remove such title exceptions shall not impose an obligation upon the Seller to remove those exceptions. The Purchaser acknowledges that the Seller’s title to the Property may be subject to court approval of foreclosure or to mortgagor’s right of redemption. In the event the Seller is not able to (a) make the title insurable or correct any problem or (b) obtain title insurance from a reputable title insurance company, all as provided herein, the Purchaser may terminate this Agreement and any xxxxxxx money deposit will be returned to the Purchaser as the Purchaser’s sole remedy at law or equity. If the Purchaser elects to take title subject to the title objections, the Purchaser shall so notify the Seller. The Purchaser’s silence as to any title objections shall be deemed as acceptance.

Defects in Title. If the Purchaser Buyer raises an objection to the Seller’s title to the Property, which, if valid, would make title to the Property uninsurable, the Seller shall have the right unilaterally to terminate the Agreement by giving written notice of the termination to the PurchaserBuyer. However, if the Seller is able to correct the problem through reasonable efforts, as the Seller determines, at its sole and absolute discretion, prior to the Expiration Dateclosing date set forth in the Agreement, including any written extensions, or if title insurance is available from a reputable title insurance company at regular rates containing affirmative coverage for the title objections, then the Agreement shall remain in full force and the Purchaser Buyer shall perform pursuant to the terms set forth in the Agreement. The Seller is not obligated to (A) remove any exception or to exception, (B) bring any action or proceeding or bear any expense in order to convey title to the Property Property, or to (C) make the title marketable and/or insurable but any or insurable. Any attempt by the Seller to remove such title exceptions shall not impose an obligation upon the Seller to remove those exceptions. The Purchaser Buyer acknowledges that the Seller’s title to the Property may be subject to court approval of foreclosure or to a mortgagor’s right of redemption. In the event the Seller is not able to (aA) make the title insurable or correct any problem all title problems, or (bB) obtain title insurance for the Property from a reputable title insurance company, all as provided herein, the Purchaser either Party may terminate this the Agreement and any xxxxxxx money deposit will be returned to the Purchaser Buyer as the PurchaserBuyer’s sole remedy at law or equity. If the Purchaser elects to take title subject to the title objections, the Purchaser shall so notify the Seller. The Purchaser’s silence as to any title objections shall be deemed as acceptance.BUYER (Initials)

Defects in Title. If the Purchaser Buyer raises an objection to the Seller’s title to the Property, which, if valid, would make title to the Property uninsurable, the Seller shall have the right unilaterally to terminate the Agreement by giving written notice of the termination to the PurchaserBuyer. However, if the Seller is able to correct the problem through reasonable efforts, as the Seller determines, at its sole and absolute discretion, prior to the Expiration Dateclosing date set forth in the Agreement, including any written extensions, or if title insurance is available from a reputable title insurance company at regular rates containing affirmative coverage for the title objections, then the Agreement shall remain in full force and the Purchaser Buyer shall perform pursuant to the terms set forth in the Agreement. The Seller is not obligated to (A) remove any exception or to exception, (B) bring any action or proceeding or bear any expense in order to convey title to the Property Property, or to (C) make the title marketable and/or insurable but any or insurable. Any attempt by the Seller to remove such title exceptions shall not impose an obligation upon the Seller to remove those exceptions. The Purchaser Buyer acknowledges that the Seller’s title to the Property may be subject to court approval of foreclosure or to a mortgagor’s right of redemption. In the event the Seller is not able to (aA) make the title insurable or correct any problem all title problems, or (bB) obtain title insurance for the Property from a reputable title insurance company, all as provided herein, the Purchaser either Party may terminate this the Agreement and any xxxxxxx money deposit will be returned to the Purchaser Buyer as the PurchaserBuyer’s sole remedy at law or equity. If the Purchaser elects to take title subject to the title objections, the Purchaser shall so notify the Seller. The Purchaser’s silence as to any title objections shall be deemed as acceptance.BUYER (Initials) SELLER (Initials) -10-

Defects in Title. If the Purchaser raises an objection to the Seller’s title to the Property, which, if valid, would make title to the Property uninsurable, the Seller shall have the right unilaterally to terminate the this Agreement by giving written notice of the termination to the Purchaser. However, if the Seller is able to correct the problem through reasonable efforts, as the Seller determines, at its sole and absolute discretion, prior to the Expiration Settlement Date, including any written extensions, or if title insurance is available from a reputable title insurance company at regular rates containing affirmative coverage for the title objections, then the this Agreement shall remain in full force and the Purchaser shall perform pursuant to the terms set in the this Agreement. The Seller is not obligated to remove any exception or to bring any action or proceeding or bear any expense in order to convey title to the Property or to make the title marketable and/or insurable but any attempt by the Seller to remove such title exceptions shall not impose an obligation upon the Seller to remove those exceptions. The Purchaser acknowledges that the Seller’s title to the Property may be subject to court approval of foreclosure or to mortgagor’s right of redemption. In the event the Seller is not able to (a) make the title insurable or correct any problem or (b) obtain title insurance from a reputable title insurance company, all as provided herein, the Purchaser may terminate this Agreement and any xxxxxxx money deposit will be returned to the Purchaser as the Purchaser’s sole remedy at law or equity. If the Purchaser elects to take title subject to the title objections, the Purchaser shall so notify the Seller. The Purchaser’s silence as to any title objections shall be deemed as acceptance.

Defects in Title. If the Purchaser Buyer raises an objection to the Seller’s title to the Property, which, if valid, would make title to the Property uninsurable, the Seller shall have the right unilaterally to terminate the Agreement by giving written notice of the termination to the PurchaserBuyer. However, if the Seller is able to correct the problem through reasonable efforts, as the Seller determines, at its sole and absolute discretion, prior to the Expiration Dateclosing date set forth in the Agreement, including any written extensions, or if title insurance is available from a reputable title insurance company at regular rates containing affirmative coverage for the title objections, then the Agreement shall remain in full force and the Purchaser Buyer shall perform pursuant to the terms set forth in the Agreement. The Seller is not obligated to (A) remove any exception or to exception, (B) bring any action or proceeding or bear any expense in order to convey title to the Property Property, or to (C) make the title marketable and/or insurable but any or insurable. Any attempt by the Seller to remove such title exceptions shall not impose an obligation upon the Seller to remove those exceptions. The Purchaser Buyer acknowledges that the Seller’s title to the Property may be subject to court approval of foreclosure or to a mortgagor’s right of redemption. In the event the Seller is not able to (aA) make the title insurable or correct any problem all title problems, or (bB) obtain title insurance for the Property from a reputable title insurance company, all as provided herein, the Purchaser either Party may terminate this the Agreement and any xxxxxxx exxxxxx money deposit will be returned to the Purchaser Buyer as the PurchaserBuyer’s sole remedy at law or equity. If the Purchaser elects to take title subject to the title objections, the Purchaser shall so notify the Seller. The Purchaser’s silence as to any title objections shall be deemed as acceptance.BUYER (Initials) /s/CJ SELLER (Initials) /s/RW

Defects in Title. If the Purchaser raises an objection to the Seller’s 's title to the Property, which, if valid, would make title to the Property uninsurable, the Seller shall have the right unilaterally to terminate the this Agreement by giving written notice of the termination to the Purchaser. However, if the Seller is able to correct the problem through reasonable efforts, as the Seller determines, at its sole and absolute discretion, prior to the Expiration Dateclosing date set forth in this Agreement, including any written extensions, or if title insurance is available from a reputable title insurance company at regular rates containing affirmative coverage for the title objections, then the this Agreement shall remain in full force and the Purchaser shall perform pursuant to the terms set in the this Agreement. The Seller is not obligated to remove any exception or to bring any action or proceeding or bear any expense in order to convey title to the Property or to make the title marketable and/or insurable but any attempt by the Seller to remove such title exceptions shall not impose an obligation upon the Seller to remove those exceptions. The Purchaser acknowledges that the Seller’s 's title to the Property may be subject to court approval of foreclosure or to mortgagor’s 's right of redemption. In the event the Seller is not able to (a) make the title insurable or correct any problem or (b) obtain title insurance from a reputable title insurance company, all as provided herein, the The Purchaser may terminate this Agreement and any xxxxxxx money deposit will be returned to the Purchaser as the Purchaser’s 's sole remedy at law or equity. If the Purchaser elects to take title subject to the title objections, the Purchaser shall so notify the Seller. The Purchaser’s silence as to any title objections shall be deemed as acceptance.