Common use of Commitment for Title Insurance Clause in Contracts

Commitment for Title Insurance. Transferor has delivered to Transferee and the surveyor described in Section 2.2 below (a) a current title commitment (the “Title Commitment”) covering the Property, showing all matters affecting title to the Property and binding Fidelity National Title Insurance Company (the “Title Company”) to issue at Closing an Owner’s Policy of Title Insurance, on the form customarily used in the area in which the Property is located, in the full amount of the value of the Land, Units and Improvements pursuant to Section 2.4 hereof, and (b) legible copies of all instruments (the “Exception Instruments”) referenced in the Title Commitment.