Evidence of Title Sample Clauses

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.
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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. Seller makes no representations or warranties regarding the accuracy of the legal description(s) attached hereto as Exhibit A. Seller agrees to use reasonable efforts to deliver to Buyer as soon as reasonably possible after the Seller’s execution of this Contract, copies of all title information acquired by Seller or its predecessor in title, which is in possession of the Real Estate Services division of Seller located in Winston-Salem, North Carolina, if any, including, but not limited to: title insurance policies, surveys, covenants and deeds and any other documents or information related to the Property except for proprietary information such as test fits and appraisals obtained by Seller. The Buyer shall have until the expiration of the Study Period (the “Title Objection Deadline”) to review the condition of title and the Permitted Encumbrances. In the event Buyer, in its sole discretion, finds any of the conditions of title or the Permitted Encumbrances unacceptable to Buyer, Buyer shall give written notice to Seller of the specific conditions of title and the Permitted Encumbrances, if any, which are unacceptable to Buyer (the “Title Objections”) prior to the expiration of the Title Objection Deadline. Seller shall have ten (10) business days after receipt of notice of any Title Objections to notify Buyer whether it will remedy (but Seller has no obligation to remedy) or is unable or unwilling to remedy Buyer’s concerns about the Title Objections. If Seller is unwilling or unable to remedy or satisfy Buyer with respect to such Title Objections, Buyer shall have the option of Closing, subject to such Title Objections (but without any reduction in the Purchase Price), or terminating all of Buyer’s rights and obligations under this Contract, which election shall be made by Buyer by written notice to Seller given within five (5) days following the date of expiration of said ten (10) business day period. In the event Buyer so terminates this Contract, the Xxxxxxx Money Deposit shall be returned to Buyer, and neither Buyer nor Seller shall have any rights or obligations under this Contract except for those obligations expressly surviving termination of this Contract. It is the express understanding and agreement of the parties that Seller has not made, does not make, and hereby disclaims any and all representations regarding the title to the Property, except as otherwise specifically provided in this Contract.
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. Within ten (10) days of effective date, Seller, at Seller's expense, shall, through Xxxxxxx X. Xxxxx, P.A., deliver to Buyer an ALTA Commitment for an owner's title insurance policy (hereinafter referred to as the "Commitment") in the amount of the Purchase Price, evidencing that Seller is vested with fee simple marketable title to the property, free and clear of all liens, encumbrances or exceptions whatsoever save and except those exceptions to title which are to be discharged by Seller at or before closing (the "Permitted Exceptions"). If Buyer shall determine the Commitment does not meet the requirements specified above, or that the title of the property is unmarketable for reasons other than the existence of exceptions which are to be discharged by Seller at or before the Closing hereof, Buyer shall notify Seller of that fact in writing within flfteen (15) days after Buyer's receipt of the Commitment. Such written notices shall specify those liens, encumbrances or exceptions to title which are not contemplated by this Contract to be discharged by Seller at or before closing, any such liens, encumbrances, exceptions or qualifications being hereinafter referred to as "Title Defects". Seller shall also provide Buyer with a municipal lien search on the described property. Seller shall have thirty (30) days following its receipt of written notice of the existence of Title Defects within which to undertake a good faith diligent and continuous effort and, in fact, cure or eliminate the Title Defects. If Seller shall in fact cure or eliminate the Title Defects, the Closing shall take place on the date specified in this Contract, or if such date has passed within flfteen (15) days after the end of said thirty (30) day period. If Seller is unable to cure or eliminate the Title Defects within the time allowed, Buyer may elect to terminate this Contract within fifteen (15) days following the expiration of the thirty (30) day curative period by giving written notice of termination to Seller, or, alternatively, Buyer may elect to close its purchase of the property and accept the conveyance of the property subject to the Title Defects, in which event the Closing shall take place on the date specified in this Contract, or in the event such date has passed, within fifteen (15)) days after the end of said thirty (30) day period. If, by giving written notice to Seller within the time allowed, Buyer elects to terminate this Contract because of the existence of uncured Ti...
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. 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.
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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. Within a reasonable period after execution of this Contract and before closing, Seller shall provide Buyer an updated commitment to issue an ALTA title insurance policy in the amount of the purchase price, by First American Title Insurance Company (“Title Company”). Permissible exceptions to title shall be all matters and exceptions set forth on that certain commitment for title insurance with an effective date of and issued by the Title Company. If Buyer or Xxxxx’s lender requires title evidence of a type other than that which Seller chose to provide, then the additional cost, if any, occasioned by the title evidence required shall be at Buyer’s expense and no additional cost shall be chargeable to Seller.
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.
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