Common use of Abstract; Title Commitment Clause in Contracts

Abstract; Title Commitment. Seller shall provide to ▇▇▇▇▇'s attorney an abstract for the Property continued through the Effective Date (as continued, the "Abstract") for examination by ▇▇▇▇▇'s attorney. The Abstract shall show merchantable title in Seller in conformity with this Agreement, Iowa law and the Iowa Title Standards of the Iowa State Bar Association (the "Title Standard"). Seller shall pay all costs related to such continuation of the Abstract. ▇▇▇▇▇'s attorney may also submit the title opinion to Iowa Title Guaranty to obtain a current commitment for issuance of a title guaranty certificate to Buyer from the State of Iowa's Title Guaranty Division (the "Title Commitment") at Buyer's cost. If the Abstract or Title Commitment reflects or discloses any defect, exception or other matter affecting title to the Property that is not in conformity with the Title Standard (a "Title Defect"), then Seller must use its reasonable efforts to remove or cure the Title Defects, but shall not be required to incur any costs or to institute litigation in doing so; provided, however, Seller shall, on or before the Closing Date (defined below), satisfy or cause to be cured or bonded around any monetary liens shown in the Abstract or Title Commitment. If Seller does not cure any or all of the Title Defects on or before the Closing Date, then Buyer may, as its sole and exclusive remedy, terminate this Agreement. If Buyer terminates this Agreement as provided in this Section 5, ▇▇▇▇▇▇'s Attorney shall return the ▇▇▇▇▇▇▇ Money to Buyer and neither Seller nor Buyer shall have any further right or obligation under this Agreement after such termination.

Abstract; Title Commitment. Seller shall provide to ▇▇▇▇▇Buyer's attorney an abstract for the Property continued through the Effective Date (as continued, the "Abstract") for examination by ▇▇▇▇▇Buyer's attorney. The Abstract shall show merchantable title in Seller in conformity with this Agreement, Iowa law and the Iowa Title Standards of the Iowa State Bar Association (the "Title Standard"). Seller shall pay all costs related to such continuation of the Abstract. ▇▇▇▇▇Buyer's attorney may also submit the title opinion to Iowa Title Guaranty to obtain a current commitment for issuance of a title guaranty certificate to Buyer from the State of Iowa's Title Guaranty Division (the "Title Commitment") at Buyer's cost. If the Abstract or Title Commitment reflects or discloses any defect, exception or other matter affecting title to the Property that is not in conformity with the Title Standard (a "Title Defect"), then Seller must use its reasonable efforts to remove or cure the Title Defects, but shall not be required to incur any costs or to institute litigation in doing so; provided, however, Seller shall, on or before the Closing Date (defined below), satisfy or cause to be cured or bonded around any monetary liens shown in the Abstract or Title Commitment. If Seller does not cure any or all of the Title Defects on or before the Closing Date, then Buyer may, as its sole and exclusive remedy, terminate this Agreement. If Buyer terminates this Agreement as provided in this Section 54, ▇▇▇▇▇▇Seller's Attorney shall return the ▇▇▇▇▇▇▇ Money to Buyer and neither Seller nor Buyer shall have any further right or obligation under this Agreement after such terminationtermination unless expressly provided otherwise in this Agreement.

Abstract; Title Commitment. Seller shall provide to ▇▇▇▇▇'s attorney an abstract for the Property continued through the Effective Date (as continued, the "Abstract") for examination by ▇▇▇▇▇'s attorney. The Abstract shall show merchantable title in Seller in conformity with this Agreement, Iowa law law, and the Iowa Title Standards of the Iowa State Bar Association (the "Title Standard"). Seller shall pay all costs related to such continuation of the Abstract. ▇▇▇▇▇'s attorney may also submit the title opinion to Iowa Title Guaranty to obtain a current commitment for issuance of a title guaranty certificate to Buyer from the State of Iowa's Title Guaranty Division (the "Title Commitment") at Buyer's cost. If the Abstract or Title Commitment reflects or discloses any defect, exception exception, or other matter affecting title to the Property that is not in conformity with the Title Standard (a "Title Defect"), then Seller must use its reasonable efforts to remove or cure the Title Defects, but shall not be required to incur any costs or to institute litigation in doing so; provided, however, Seller shall, on or before the Closing Date (defined below), satisfy or cause to be cured or bonded around any monetary liens shown in the Abstract or Title Commitment. If Seller does not cure any or all of the Title Defects on or before the Closing Date, then Buyer may, as its sole and exclusive remedy, terminate this Agreement. If Buyer terminates this Agreement as provided in this Section 5, ▇▇▇▇▇▇Seller's Attorney shall return the ▇▇▇▇▇▇▇ Money to Buyer and neither Seller nor Buyer shall have any further right or obligation under this Agreement after such termination.

Abstract; Title Commitment. Seller shall provide to ▇▇▇▇▇'s attorney an abstract for the Property continued through the Effective Date (as continued, the "Abstract") for examination by ▇▇▇▇▇'s attorney. The Abstract shall show merchantable title in Seller in conformity with this Agreement, Iowa law and the Iowa Title Standards of the Iowa State Bar Association (the "Title Standard"). Seller shall pay all costs related to such continuation of the Abstract. ▇▇▇▇▇'s attorney may also submit the title opinion to Iowa Title Guaranty to obtain a current commitment for issuance of a title guaranty certificate to Buyer from the State of Iowa's Title Guaranty Division (the "Title Commitment") at Buyer's cost. If the Abstract or Title Commitment reflects or discloses any defect, exception or other matter affecting title to the Property that is not in conformity with the Title Standard (a "Title Defect"), then Seller must use its reasonable efforts to remove or cure the Title Defects, but shall not be required to incur any costs or to institute litigation in doing so; provided, however, Seller shall, on or before the Closing Date (defined below), satisfy or cause to be cured or bonded around any monetary liens shown in the Abstract or Title Commitment. If Seller does not cure any or all of the Title Defects on or before the Closing Date, then Buyer may, as its sole and exclusive remedy, terminate this Agreement. If Buyer terminates this Agreement as provided in this Section 54, ▇▇▇▇▇▇Seller's Attorney shall return the ▇▇▇▇▇▇▇ Money Down Payment to Buyer and neither Seller nor Buyer shall have any further right or obligation under this Agreement after such termination.

Abstract; Title Commitment. Seller shall provide to ▇▇▇▇▇Buyer's attorney an abstract for the Property continued through the Effective Date (as continued, the "Abstract") for examination by ▇▇▇▇▇Buyer's attorney. The Abstract shall show merchantable title in Seller in conformity with this Agreement, Iowa law and the Iowa Title Standards of the Iowa State Bar Association (the "Title Standard"). Seller shall pay all costs related to such continuation of the Abstract. ▇▇▇▇▇Buyer's attorney may also submit the title opinion to Iowa Title Guaranty to obtain a current commitment for issuance of a title guaranty certificate to Buyer from the State of Iowa's Title Guaranty Division (the "Title Commitment") at Buyer's cost. If the Abstract or Title Commitment reflects or discloses any defect, exception or other matter affecting title to the Property that is not in conformity with the Title Standard (a "Title Defect"), then Seller must use its reasonable efforts to remove or cure the Title Defects, but shall not be required to incur any costs or to institute litigation in doing so; provided, however, Seller shall, on or before the Closing Date (defined below), satisfy or cause to be cured or bonded around any monetary liens shown in the Abstract or Title Commitment. If Seller does not cure any or all of the Title Defects on or before the Closing Date, then Buyer may, as its sole and exclusive remedy, terminate this Agreement. If Buyer terminates this Agreement as provided in this Section 5, ▇▇▇▇▇▇Seller's Attorney shall return the ▇▇▇▇▇▇▇ Money to Buyer and neither Seller nor Buyer shall have any further right or obligation under this Agreement after such termination.

Abstract; Title Commitment. Seller shall provide to ▇▇▇▇▇'s attorney an abstract for the Property continued through the Effective Date (as continued, the "Abstract") for examination by ▇▇▇▇▇'s attorney. The Abstract shall show merchantable title in Seller in conformity with this Agreement, Iowa law and the Iowa Title Standards of the Iowa State Bar Association (the "Title Standard"). Seller shall pay all costs related to such continuation of the Abstract. ▇▇▇▇▇'s attorney may also submit the title opinion to Iowa Title Guaranty to obtain a current commitment for issuance of a title guaranty certificate to Buyer from the State of Iowa's Title Guaranty Division (the "Title Commitment") at Buyer's cost. If the Abstract or Title Commitment reflects or discloses any defect, exception or other matter affecting title to the Property that is not in conformity with the Title Standard (a "Title Defect"), then Seller must use its reasonable efforts to remove or cure the Title Defects, but shall not be required to incur any costs or to institute litigation in doing so; provided, however, Seller shall, on or before the Closing Date (defined below), satisfy or cause to be cured or bonded around any monetary liens shown in the Abstract or Title Commitment. If Seller does not cure any or all of the Title Defects on or before the Closing Date, then Buyer may, as its sole and exclusive remedy, terminate this Agreement. If Buyer terminates this Agreement as provided in this Section 54, ▇▇▇▇▇▇Seller's Attorney shall return the ▇▇▇▇▇▇▇ Money to Buyer and neither Seller nor Buyer shall have any further right or obligation under this Agreement after such terminationtermination unless expressly provided otherwise in this Agreement.

Abstract; Title Commitment. Seller shall provide to ▇▇▇▇▇Buyer's attorney an abstract for the Property continued through the Effective Date (as continued, the "Abstract") for examination by ▇▇▇▇▇Buyer's attorney. The Abstract shall show merchantable title in Seller in conformity with this Agreement, Iowa law and the Iowa Title Standards of the Iowa State Bar Association (the "Title Standard"). Seller shall pay all costs related to such continuation of the Abstract. ▇▇▇▇▇Buyer's attorney may also submit the title opinion to Iowa Title Guaranty to obtain a current commitment for issuance of a title guaranty certificate to Buyer from the State of Iowa's Title Guaranty Division (the "Title Commitment") at Buyer's cost. If the Abstract or Title Commitment reflects or discloses any defect, exception or other matter affecting title to the Property that is not in conformity with the Title Standard (a "Title Defect"), then Seller must use its reasonable efforts to remove or cure the Title Defects, but shall not be required to incur any costs or to institute litigation in doing so; provided, however, Seller shall, on or before the Closing Date (defined below), satisfy or cause to be cured or bonded around any monetary liens shown in the Abstract or Title Commitment. If Seller does not cure any or all of the Title Defects on or before the Closing Date, then Buyer may, as its sole and exclusive remedy, terminate this Agreement. If Buyer terminates this Agreement as provided in this Section 54, ▇▇▇▇▇▇Seller's Attorney shall return the ▇▇▇▇▇▇▇ Money to Buyer and neither Seller nor Buyer shall have any further right or obligation under this Agreement after such termination.

Abstract; Title Commitment. Seller shall provide to ▇▇▇▇▇'s attorney an abstract for the Property continued through the Effective Date (as continued, the "Abstract") for examination by ▇▇▇▇▇'s attorney. The Abstract shall show merchantable title in Seller in conformity with this Agreement, Iowa law law, and the Iowa Title Standards of the Iowa State Bar Association (the "Title Standard"). Seller shall pay all costs related to such continuation of the Abstract. ▇▇▇▇▇'s attorney may also submit the title opinion to Iowa Title Guaranty to obtain a current commitment for issuance of a title guaranty certificate to Buyer from the State of Iowa's Title Guaranty Division (the "Title Commitment") at Buyer's cost. If the Abstract or Title Commitment reflects or discloses any defect, exception exception, or other matter affecting title to the Property that is not in conformity with the Title Standard (a "Title Defect"), then Seller must use its reasonable efforts to remove or cure the Title Defects, but shall not be required to incur any costs or to institute litigation in doing so; provided, however, Seller shall, on or before the Closing Date (defined below), satisfy or cause to be cured or bonded around any monetary liens shown in the Abstract or Title Commitment. If Seller does not cure any or all of the Title Defects on or before the Closing Date, then Buyer may, as its sole and exclusive remedy, terminate this Agreement. If Buyer terminates this Agreement as provided in this Section 5, ▇▇▇▇▇▇'s Attorney shall return the ▇▇▇▇▇▇▇ Money to Buyer and neither Seller nor Buyer shall have any further right or obligation under this Agreement after such termination.