Evidence of Title. Evidence that title to a REO is held by the Trustee shall be submitted by the Servicer to the Master Servicer and, if applicable, to the Primary Mortgage Insurer and/or the Pool Insurer, within ten Business Days after marketable title to such REO has been acquired.
Evidence of Title. Seller shall deliver to Buyer a commitment to issue 31 an Owner’s Policy of Title Insurance issued by Xxxxxxxx County Title, LLC, 000 X. Xxxx 00 Xxxxxx, Xxxxx, Xxxxxxxx, in the amount of purchase price, naming Buyer as the insured, 33 written by a title insurance company licensed in Missouri under the provisions of Chapter 34 381 of the Revised Statutes of the State of Missouri, which policy shall insure the owner’s 35 title to be in the condition called for by this contract and which commitment shall provide 36 that said policy shall be issued forthwith after the Seller’s deed shall be placed of record. 37 After delivery of said title insurance commitment, Buyer shall have 10 days to examine 38 said title insurance commitment and notify Seller in writing of any objections thereto. If 39 there be any objections, Seller shall, within a reasonable time, furnish to Buyer a new or 40 amended title insurance commitment satisfying any such objections, but if such 41 commitment shall not be furnished within 15 days after said notice, then Buyer, at Buyer’s 42 election, may void this contract by written notice to the Seller prior to the furnishings of 43 such commitment, in which case all down-payment paid by the Buyer shall be returned 44 to the Buyer by the Seller. If the title defects are not corrected, or if the failure to furnish 45 said title commitment is due to the fact that the title defects cannot be corrected to the 46 satisfaction of either the Buyer or the Buyer’s examining attorney, then this contract shall 47 be void and the down payment shall be returned to Buyer, unless Buyer gives notice to 48 Seller in writing of Buyer’s election to waive such defects.
Evidence of Title. Within twenty (20) days after the Effective Date, or ten (10) days prior to the Closing Date, whichever is earlier, SELLER agrees to deliver to BUYER a title insurance commitment from a company authorized to insure titles in the state where the Property is located. Unless there is a defect in title to the Property that is not corrected prior to the Closing Date, BUYER may not object to untimely delivery of the title commitment. The title commitment shall commit to insure a marketable fee simple title in the BUYER upon the recording of the deed or other documents of conveyance. However, title to the Property shall be subject to the conditions in this Contract and to customary covenants, declarations, restrictions, zoning laws, easements, party wall agreements, special assessments, and community contracts of record as of the effective date of the title commitment. (“Permitted Exceptions”). BUYER shall have ten (10) days after receipt of the title commitment to notify SELLER in writing of any valid objections to title to the Property. SELLER shall then make a good faith effort to rectify any objections. If any valid title objections cannot be rectified by SELLER before the Closing Date and BUYER does not elect to waive the objections or extend the Closing Date, a reasonable time, not to exceed sixty (60) days, this Contract shall be canceled and the Xxxxxxx Money shall be returned to BUYER. SELLER agrees to provide and pay for an owner’s title insurance policy in the amount of the Purchase Price insuring marketable fee simple title in BUYER, subject to the Permitted Exceptions and with the exception of any liens, encumbrances on other matters affecting title to the Property created by BUYER or arising by virtue of BUYER’S activities or ownership. Mechanic’s Lien Coverage. If the applicable box in Paragraph 11 is checked, the policy shall also insure BUYER, as of the date of recording of the deed or other document of conveyance, against any lien, or right to a lien, for services, labor or material imposed by law and not shown by the public records. SELLER agrees to execute all affidavits and indemnities required by the title company for issuance of this coverage.
Evidence of Title. Not less than ten (10) days prior to closing, Selling Lessor shall obtain a commitment for an ALTA owner's policy of title insurance dated within thirty (30) days of the closing date, issued by a nationally recognized title insurance company selected by Selling Lessor (the "Title Company") in the amount of the Purchase Price determined pursuant to subparagraph (C)(i) above, naming Lessee as the proposed insured, and covering the fee simple title to the Leased Premises, and showing Selling Lessor vested with good title to portion of the Leased Premises being sold, subject only to the matters affecting title which were of record at the time Selling Lessor came into title to the Leased Premises and those matters which Lessee created, suffered or permitted to accrue during the term hereof. Such title commitment shall be conclusive evidence of good title. If Lessee shall make objection to the marketability of title, Selling Lessor shall have no obligation to make title marketable, but may withdraw Lessor's notice of intent to market the Premises.
Evidence of Title. Buyer shall select the title agent and Seller will pay for the owner’s title policy search, examination, and related charges within thirty (30) days from the Effective Date, and shall obtain a title insurance commitment (the "Title Commitment") to issue an ALTA Owner's Title Insurance Policy - Form B from a title insurance company acceptable to Buyer (the "Title Insurance Company") in the amount equal to the Purchase Price of the property, naming Buyer as the proposed insured. The Title Commitment shall show good, marketable and insurable fee simple title to the Property to be vested in Buyer, liens, encumbrances, exceptions and qualifications which will not interfere with or impair the Property's use; exceptions permitted by the provisions of this Contract; and those exceptions which are capable of and are actually to be discharged by Seller at or before Closing (all other exceptions to title being deemed title defects for purposes of this contract). Legible and complete copies of all instruments listed as exceptions to title (commonly identified as Schedule B-II exceptions in the Title Commitment) shall be delivered with the Title Commitment. If title is found to be defective, Buyer shall, within ten (10) days from the date it receives the Title Commitment, notify Seller in writing to that effect specifying the defects. Seller shall have twenty (20) days from the receipt of Buyer’s notice specifying the title defects to cure the defects and, if after said period Seller shall not have cured the defects, or if Seller shall not have progressed to a point where the defects are certain to be remedied prior to Closing, or where the removal of such defects is not otherwise assured to Buyer's satisfaction, Buyer shall have the option of (i) accepting the title "as is" or (ii) terminating the Contract after which Buyer and Seller shall each be released from all further obligations to each other respecting matters arising from this Contract. Notwithstanding anything to the contrary contained herein, any assessments, special assessments, taxes, liens or other amounts related to stormwater fees accrued at time of Closing related to the Property as depicted in Exhibit A, shall be Buyer’s responsibility at Closing, and shall not be grounds for Buyer to terminate this Contract.
Evidence of Title. Not less than ten (10) days prior to closing, Lessee shall obtain a commitment for an TLTA owner's policy of title insurance dated within thirty (30) days of the closing date, issued by a nationally recognized title insurance company selected by Lessor (the "Title Company") in the amount of the Purchase Price determined pursuant to subparagraph (C)(i) above, naming Lessee as the proposed insured, and covering the fee simple title to the Leased Premises, and showing Lessor vested with good title to the Leased Premises subject only to the matters affecting title which were of record at the time Lessor came into title to the Leased Premises and those matters which Lessee created, suffered or permitted to accrue during the term hereof. Such title commitment shall be conclusive evidence of good title.
Evidence of Title. Xxxxxx agrees to furnish buyer, at Seller’s expense, unless the parties agree in writing to a different 263 arrangement, a current commitment and an owner’s title insurance policy in an amount equal to the Purchase Price as specified in 264 the Sale contract, or if this box is checked, An Abstract of Title certified to a current date.
Evidence of Title. Not less than fourteen (14) days prior to closing, Seller will furnish Buyer with written commitment from a title insurance company duly authorized to do business in Illinois, showing title to said premises subject only to matters to which this sale is subject by the terms hereof and to the customary exceptions contained in owners policies issued by such company. If written commitment discloses defects in title other than matters to which this sale is subject by the terms hereof and the customary exceptions in such policies, then Seller shall have until date for delivery of deed to correct such defects. Owners title policy, in amount of the purchase price for said premises, will be paid for by the Seller and issued to Buyer after delivery of deed.
Evidence of Title. Seller shall deliver to Buyer a minimum of fifteen (15) days prior to Closing, a written commitment for title insurance in the amount of the purchase consideration disclosing merchantable title to the Real Estate in Seller, subject only to easements of record; taxes for 2021 and subsequent years; severed mineral ownership interests or leases granting the right to explore, mine or remove oil, gas or coal (all of Seller’s rights under any such leases will be assigned to Buyer, at Closing); the standard exceptions in title policies acceptable in the community; any liens which may be removed by Seller prior to or at closing; and acts done or suffered by or through Buyer; all of which matters shall not be deemed objections to Seller’s title (“Permitted Exceptions”). Buyer shall have ten (10) days after the delivery of a copy of the commitment to Buyer to cause said title commitment to be examined by an attorney and raise any title objections disclosed thereby which are not Permitted Exceptions. If there are such non- Permitted Exceptions, Buyer may terminate this Contract, receive a return of the xxxxxxx money and neither party shall have any further obligation to the other. After closing, Buyer shall be responsible for having the title policy issued. Seller shall pay all expenses relating to the title search, commitment for title insurance, and premiums for the Owner’s Policy insuring title in the Buyer in the amount of the Purchase Price. Buyer shall pay the costs of buyer’s search and exam additional premium(s) for any loan or mortgagee’s policy acquired for Buyer’s benefit, and any other extended coverage or endorsements requested by Buyer or Buyer’s Lender.
Evidence of Title. In the event that Buyer does not order and receive a commitment for title insurance, Seller shall, at its expense, within ten (10) days after written request from Buyer, furnish to Buyer a copy of the documents by which the State obtained or otherwise holds title or a letter from the State Land Office describing the documents by which the State obtained and otherwise holds title. Seller will cooperate with the Buyer or its title company in clarifying or resolving any perceived deficiencies or clouds in the title, but shall not be required to incur any expense beyond commitment of the time of the State Land Office. If such issues cannot be resolved to Buyer’s satisfaction, Buyer may terminate this Agreement, and the Xxxxxxx Money, if any, shall be returned.
