DEED ACKNOWLEDGEMENT Sample Clauses
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DEED ACKNOWLEDGEMENT. Buyer acknowledges that Seller is not yet the owner of the tract of ground which is the subject of this Agreement of Sale. Buyer further acknowledges that at settlement, the deed to Buyer may be from the legal owner of the property but that Buyer's dealings and contractual relationships regarding the construction of the Unit have solely been with Seller, and Buyer agrees to look solely to Seller for performance of this Agreement and agrees to indemnify and hold harmless the legal owner from any claim or cause of action arising out of the construction of the Unit contemplated herein including reasonable attorneys fees. The parties agree that if the legal owner is named as a defendant in any legal or equitable action relating to the sale of the property for construction of improvements other than an action based on the legal owner's failure to deliver a deed when both Buyer and Seller so direct, the parties so naming the legal owner as a party to such action shall reimburse legal owner for its actual and projected defense cost, including attorneys' fees.
DEED ACKNOWLEDGEMENT. Buyer acknowledges that Seller is not yet the owner of the tract of ground which is the subject of this Agreement of Sale. Buyer further acknowledges that at settlement, the deed to Buyer may be from the legal owner of the property but that Buyer's dealings and contractual relationships regarding the construction of the home identified in paragraph three (3) of this Agreement (“Home”) have solely been with Seller, and Buyer agrees to look solely to Seller for performance of this Agreement and agrees to indemnify and hold harmless the legal owner from any claim or cause of action arising out of the construction of the Home contemplated herein including reasonable attorneys fees. The parties agree that if the legal owner is named as a defendant in any legal or equitable action relating to the sale of the property for construction of improvements other than an action based on the legal owner's failure to deliver a deed when both Buyer and Seller so direct, the parties so naming the legal owner as a party to such action shall reimburse legal owner for its actual and projected defense cost, including attorneys' fees.
DEED ACKNOWLEDGEMENT. (a) Buyer acknowledges that Seller is the equitable owner of the subject tract of ground to be conveyed and at Settlement the deed to Buyer may be from the legal owner. Buyer agrees to accept such deed and acknowledges that the legal owner shall have no liability to Buyer concerning construction of the house and the improvements of the subdivision.
DEED ACKNOWLEDGEMENT. Buyer acknowledges that the legal owner of the Community and Unit is ▇▇▇▇▇ Brothers Horsham, LLC, as specified in paragraph three (3) which is the subject of this Agreement of Sale. ▇▇▇▇▇ further acknowledges that at settlement, the deed to Buyer will be from the ▇▇▇▇▇ Brothers Horsham, LLC., but that ▇▇▇▇▇'s dealings and contractual relationships regarding the construction of the Unit have solely been with Seller, and ▇▇▇▇▇ agrees to look solely to Seller for performance of this Agreement and agrees to indemnify and hold harmless ▇▇▇▇▇ Brothers Horsham, LLC. from any claim or cause of action arising out of the construction of the Unit contemplated herein including reasonable attorneys fees. The parties agree that if ▇▇▇▇▇ Brothers Horsham, LLC. is named as a defendant in any legal or equitable action relating to the sale of the property for construction of improvements other than an action based on the legal owner's failure to