DEED AND TITLE. (a) Seller shall deliver to Buyer at Closing, a special or limited warranty deed (or bargain and sale deed, where appropriate) ("Deed"), conveying good and marketable fee simple title to the Property, subject only to such easements, restrictions of record and title exceptions set forth in the commitment for title insurance specifically approved by Buyer, and taxes not delinquent. Further, the title insurance commitment for the Property must contain provision for the endorsements that are reasonably required by Buyer's funding source, which endorsements shall be ordered by Buyer at Buyer's expense. In addition, Seller shall convey title to the Personal Property to Buyer, free and clear of all liens and encumbrances (except those disclosed during due diligence; e.g., equipment leases or personal property financing documents), by the execution and delivery at Closing of a Bill of Sale in form and substance reasonablx xxtisfactory to Buyer, without warranty, except as to Seller's title.
DEED AND TITLE. (a) Seller shall deliver to Buyer at Closing, a special or limited warranty deed (or bargain and sale deed, where appropriate) ("Deed") in a form reasonably acceptable to Buyer, conveying good and marketable fee simple title to the Real Property, subject only to such easements, restrictions of record and title exceptions set forth in the commitment for title insurance specifically approved by Buyer, and taxes not delinquent. In addition, Seller shall convey title to the Personal Property to Buyer, free and clear of all liens and encumbrances (except those disclosed and deemed approved during due diligence; e.g., equipment leases or personal property financing documents), by the execution and delivery at Closing of a Bill of Sale in form and substance xxxxonably satisfactory to Buyer, without warranty, except as to Seller's title.
DEED AND TITLE. (a) Seller shall deliver to Buyer at Closing, a Bargain and Sale Deed, Special Warranty Deed or a Covenant Deed ("Deed") in a form reasonably acceptable to Buyer, conveying good and marketable fee simple title to the Real Property, subject only to the existing first mortgage, and to such easements, restrictions of record and title exceptions set forth in the commitment for title insurance specifically approved by Buyer, and taxes not delinquent. In addition, Seller shall convey title to the Personal Property to Buyer, free and clear of all liens and encumbrances (except the existing first mortgage, and those disclosed and deemed approved during due diligence; e.g., equipment leases or personal property financing documents), by the execution and delivery at Closing of a Bill of Sale in form and substancx xxasonably satisfactory to Buyer, without warranty, except as to Seller's title.
DEED AND TITLE. Seller shall convey to Buyer (or its nominee or assignee, as permitted under Paragraph 22 herein, designated in writing five (5) days prior to closing) a good and sufficient marketable title to an indefeasible estate in fee simple, by Connecticut-form Warranty Deed containing the usual covenants warranting good title in fee simple free from all encumbrances (subject only to the exceptions hereinafter set forth), in or to the Subject Property, as applicable. Said premises shall be conveyed subject only to the following:
DEED AND TITLE. At closing, Seller shall deliver to Buyer a special warranty deed in customary form upon payment of the Purchase Price (subject to closing adjustments provided herein) to Seller. Title to the Property as conveyed by such deed shall be subject to (a) liens securing payment of taxes, assessments and other public charges imposed in connection with the Property but which are not yet due as of the Closing Date, (b) all matters indicated on the Title Commitment which are not objected to by Buyer in accordance with §2.04 above, (c) any matters which could be disclosed by an accurate survey of the Property, (d) any zoning, subdivision or other public laws and regulations, and (e) the Leases.
DEED AND TITLE. Upon payment of the unpaid purchase price, a fee simple Deed for the Property containing covenants of special warranties and further assurances shall be executed by the Seller, which shall convey the Property in fee simple to the Buyer. The Seller agrees to promptly execute and deliver all such other instruments and take all such other actions as the Buyer may reasonably require from time to time in order to vest and confirm in the Buyer title in the Property being transferred herein and to effectuate the transactions provided herein. The property, including the improvement thereon, if any, is sold free and clear of encumbrance. Title to the fee simple Property is to be good and merchantable, free and clear of any title defect, and insurable without exceptions that are objectionable to the Buyer by a title company at the regular basic rates of the title company for the basic coverages under an owner's policy. In the event that the title company, at the request and expense of the Buyer, shall report to the Seller and the Buyer prior to closing that title to the Property is not good and merchantable, free of title defect, and insurable as provided aforesaid, then the Buyer shall have the option, prior to Closing, to terminate this Contract, in which event this Contract shall terminate without either party having further liability to the other.
DEED AND TITLE. (a) Seller shall deliver to Buyer at Closing, a Special Warranty Deed ("Deed") in a form reasonably acceptable to Buyer, conveying good and marketable fee simple title to the Real Property, subject to the easements, restrictions of record and title exceptions set forth in the commitment for title insurance specifically approved by Buyer, and taxes not delinquent. In addition, Seller shall convey title to the Personal Property to Buyer, free and clear of all liens and encumbrances except for those disclosed and deemed approved during due diligence; (e.g., equipment leases or personal property financing documents), by the execution and delivery at Closing of a Bill of Sale in form and substancx xxasonably satisfactory to Buyer, without warranty, except as to Seller's title.
DEED AND TITLE. At settlement, Seller shall convey to Purchaser good and marketable fee simple title to the Property by deed of general warranty containing English covenants of title, free of all liens, tenancies, defects and encumbrances, except as otherwise indicated herein, and subject only to such restrictions and easements as shall then be of record which do not affect the use of the Property for residential purposes or render the title unmarketable. If, prior to settlement, Purchaser identifies a defect other than the permitted encumbrances, Seller shall have the opportunity, but not the obligation, to attempt to cure the title defect and Seller shall be able to extend the settlement date accordingly. If Seller does not elect to attempt to cure the title defect, or if Seller attempt but are unsuccessful in curing the title defect, Purchaser shall have the option to void this Agreement, in which case Seller shall instruct the Auction Firm to return the Deposit to the Purchaser and neither party will have any further obligation or liability to the other. If Seller elects to attempt to cure the title defect, Seller shall, at Seller's expense, promptly take such action as is necessary to cure the defect. If Seller, acting in good faith, is unable to have such defect corrected within 60 days after notice of such defect is given to Seller, then this Contract may be terminated by either Seller or Purchaser. Purchaser may extend the date for settlement to the extent necessary for Seller to comply with this Paragraph but not longer than 60 days unless both parties agree in writing otherwise. If an owner’s title insurance policy can be obtained without exception to the title defect or with affirmative protection over the title defect, Xxxxxxxxx agrees to waive its objection to the title defect.
DEED AND TITLE. Upon payment of the purchase price, a deed for the Property containing covenants of special warranty and further assurances (except in the case of transfer by personal representative of an estate), shall be executed by Seller and shall convey the Property to Buyer. Title to the Property, including all chattels included in the purchase, shall be good and merchantable, free of liens and encumbrances except as specified herein; except for use and occupancy restrictions of public record which are generally applicable to properties in the immediate neighborhood or the subdivision in which the Property is located and publicly recorded easements for public utilities and any other easements which may be observed by an inspection of the Property. Buyer expressly assumes the risk that restrictive covenants, zoning laws or other recorded documents may restrict or prohibit the use of the Property for the purpose(s) intended by Buyer. In the event Seller is unable to give good and merchantable title or such as can be insured by a Maryland licensed title insurer, with Buyer paying not more than the standard rate as filed with the Maryland Insurance Commissioner, Seller, at Seller’s expense, shall have the option of curing any defect so as to enable Seller to give good and merchantable title or, if Buyer is willing to accept title without said defect being cured, paying any special premium on behalf of Buyer to obtain title insurance on the Property to the benefit of Buyer. In the event Seller elects to cure any defects in title, this Contract shall continue to remain in full force and effect; and the date of settlement shall be extended for a period not to exceed fourteen
DEED AND TITLE. At Closing, Seller shall deliver to Buyer a special warranty deed in the form attached hereto as EXHIBIT K (the "DEED") upon payment to Seller of the Purchase Price (subject to closing adjustments provided herein). Title to the Property as conveyed by such deed shall be good and marketable fee simple title, free and clear of all liens and encumbrances other than the Permitted Encumbrances.
