Existing Abstracts of Title. Seller must deliver to Buyer copies of any abstracts of title covering all or any 286 portion of the Property (Abstract of Title) in Seller’s possession on or before Record Title Deadline (§ 3).
Existing Abstracts of Title Sample Clauses
Related to Existing Abstracts of Title
PARTICULARS OF TITLE Status of issuance of strata title has been confirmed at the time of issuance of this Proclamation of Sale. STRATA TITLE/LOT NO: Grant 102689/M7/5/951 Lot 7896, Pekan Sungai Menyala, District of Port Xxxxxxx and State of Negeri Sembilan FLOOR AREA: (Unit) approximately 43 square metres (463 square feet) VENDOR (DEVELOPER): Ascentland Sdn Bhd ENCUMBRANCE: Assigned to HSBC Bank Malaysia Berhad TENURE: Freehold LOCATION AND DESCRIPTION OF THE PROPERTY: The subject property is a one (1) bedroom apartment unit identified as Developer’s Parcel No. 1, Type: S9A, Storey No. 4, Building No. Block G, PD Tiara Bay Apartment bearing postal address of Unit No. G-4-1, Tiara Bay Apartment, Batu 00, Xxxxx Xxxxxx, 00000 Xxxx Xxxxxxx, Negeri Sembilan RESERVE PRICE: The subject property will be sold on an “as is where is basis” and subject to a reserve price of RM52,490.00 (RINGGIT MALAYSIA FIFTY TWO THOUSAND FOUR HUNDRED AND NINETY ONLY) and subject to the Conditions of Sale and by way of an Assignment from the above Assignee/Bank subject to the approval being obtained by the Purchaser from the relevant authorities if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authorities. Subject to the terms and conditions stated in the Conditions of Sale, any arrears of quit rent, assessments, service/maintenance charges and any other outgoings which may be lawfully due to the relevant authorities up to the date of successful sale of the subject property shall be paid out of the purchase money. All other fees, costs and charges relating to the transfer and assignment of the property shall be borne solely by the successful Purchaser. All intending bidders are required to deposit 10% of the fixed reserve price for the said property by Bank Draft or Cashier’s Order only in favour of HSBC BANK MALAYSIA BERHAD on the day of auction sale and the balance of the purchase money shall be paid by the Purchaser within ninety (90) days from the date of auction sale to HSBC BANK MALAYSIA BERHAD, failing which the deposit shall be forfeited by the Assignee/Bank at its absolute discretion. Online bidders are further subject to the Terms and Conditions on xxxx.xxxxxxxx.xxx.xx.
Defense of Title Warrant and defend title to and ownership of the Pledged Collateral of such Pledgor at its own expense against the claims and demands of all other parties claiming an interest therein, keep the Pledged Collateral free from all Liens, except for Permitted Liens, and not sell, exchange, transfer, assign, lease or otherwise dispose of Pledged Collateral of such Pledgor or any interest therein, except as permitted under the Credit Agreement and the other Credit Documents.
Quality of Title Each Loan, together with the Related Security related thereto, shall, at all times, be owned by the Borrower free and clear of any Lien except as provided in Section 4.2(a)(iii), and upon each Funding, the Collateral Agent as agent for the Secured Parties shall acquire a valid and perfected first priority security interest in such Loans, the Related Security related thereto and all Collections then existing or thereafter arising, free and clear of any Lien, except as provided in Section 4.2(a)(iii). No effective financing statement or other instrument similar in effect covering any Loan or Dealer Agreement shall at any time be on file in any recording office except such as may be filed (i) in favor of the Borrower in accordance with the Contribution Agreement or (ii) in favor of the Collateral Agent in accordance with this Agreement.
Conveyance of Title Upon closing, Seller shall execute and deliver to Buyer a Patent, Grant Deed, or Quit Claim Deed conveying title to the Cabin/Home Site. Buyer shall also receive a Xxxx of Sale executed by the current owner of the Personal Property in form of Exhibit B, attached hereto. If Buyer and the owner of the Personal Property are identical, then the Xxxx of Sale shall be returned to said party.
