Common use of Insurable Title Clause in Contracts

Insurable Title. a. Seller shall provide and Purchaser shall accept such title as Seller’s title insurance company shall be willing to approve and insure in accordance with its standard form of title policy approved by the governing agency for the state where the Property is located, subject only to the matters provided for in the Contract. Lender’s and owner’s title insurance will be at Purchaser’s expense. b. Purchaser must notify Seller in writing of any and all title objections, within 5 days of seller providing purchaser a copy of the commitment or all objections to title shall be waived. Seller will notify Purchaser of their intent to cure or not cure any objections within 5 days of receipt of said objections. If Seller cannot cure said timely and properly made objections after a good faith effort, or to do so would delay the closing beyond the original or any extended closing date, Purchaser agrees to accept Seller’s title policy at Purchaser’s expense. Failure to accept the Seller’s title policy shall constitute Purchaser’s release of the EMD to the Seller, and the Contract shall be considered null and void. In the event that said timely, written objections cannot be cured by issuing a title insurance policy at normal risk rates, then Seller, in its sole and absolute discretion may declare the Contract null and void. In such event, the Purchaser agrees that the Contract is of no further force or effect as to the Property but agrees, nonetheless to immediately and promptly execute a release of Contract as requested by Seller. Once the release is received by Seller, Purchasers’ EMD shall be returned. Seller shall not be obligated to pay interest on the EMD.

Insurable Title. a. Seller shall provide and Purchaser shall accept such title as Seller’s title insurance company shall be willing to approve and insure in accordance with its standard form of title policy approved by the governing agency for the state where the Property is located, subject only to the matters provided for in the Contract. Lender’s and owner’s title insurance will be at Purchaser’s expense. b. Purchaser must notify Seller in writing of any and all title objections, within 5 days of seller providing purchaser a copy of the commitment or all objections to title shall be waived. Seller will notify Purchaser of their intent to cure or not cure any objections within 5 days of receipt of said objections. If Seller cannot cure said timely and properly made objections after a good faith effort, or to do so would delay the closing beyond the original or any extended closing date, Purchaser ▇▇▇▇▇▇▇▇▇ agrees to accept Seller▇▇▇▇▇▇’s title policy at Purchaser’s expense. Failure to accept the Seller’s title policy shall constitute Purchaser’s release of the EMD to the Seller, and the Contract shall be considered null and void. In the event that said timely, written objections cannot be cured by issuing a title insurance policy at normal risk rates, then Seller, in its sole and absolute discretion may declare the Contract null and void. In such event, the Purchaser agrees that the Contract is of no further force or effect as to the Property but agrees, nonetheless to immediately and promptly execute a release of Contract as requested by Seller▇▇▇▇▇▇. Once the release is received by Seller, Purchasers’ EMD shall be returned. Seller shall not be obligated to pay interest on the EMD.

Insurable Title. a. As a condition of this agreement Purchaser waives any option it may have under state law to select its own title and escrow companies and will accept the Sellers title and escrow services who are experienced with asset forfeiture sales. b. Seller shall provide and Purchaser shall accept such title as Seller’s title insurance company shall be willing to approve and insure in accordance with its standard form of title policy approved by the governing agency for the state where the Property is located, subject only to the matters provided for in the this Contract. Lender▇▇▇▇▇▇’s and owner’s title insurance will be at Purchaser’s expense. b. c. Purchaser must notify Seller in writing of any and all title objections, within 5 days of seller providing purchaser a copy of the commitment or all objections to title shall be waived. Seller will notify Purchaser of their intent to cure or not cure any objections within 5 days of receipt of said objections. If Seller cannot cure said timely and properly made objections after a good faith effort, or to do so would delay the closing beyond the original or any extended closing date, Purchaser agrees to accept Seller▇▇▇▇▇▇’s title policy at Purchaser’s expense. Failure to accept the Seller’s title policy shall constitute Purchaser’s release of the EMD all ▇▇▇▇▇▇▇ money deposits to the Seller, and the Contract shall be considered null and void. In the event that said timely, written objections cannot be cured within 90 days from delivery of notice of objections and/or the Seller’s title insurer cannot insure over said objections by issuing a title insurance policy at normal risk rates, then Seller, in its sole and absolute discretion may declare the Contract null and void. In such event, the Purchaser agrees that the Contract is of no further force or effect as to the Property but agrees, nonetheless to immediately and promptly execute a release of Contract as requested by Seller▇▇▇▇▇▇. Once the release is received by Seller, Purchasers’ EMD ▇▇▇▇▇▇▇ money deposit shall be returned. Seller shall not be obligated to pay interest on the EMD▇▇▇▇▇▇▇ money.

Insurable Title. a. As a condition of this agreement Purchaser waives any option it may have under state law to select its own title and escrow companies and will accept the Sellers title and escrow services who are experienced with asset forfeiture sales. b. Seller shall provide and Purchaser shall accept such title as Seller’s title insurance company shall be willing to approve and insure in accordance with its standard form of title policy approved by the governing agency for the state where the Property is located, subject only to the matters provided for in the this Contract. Lender’s and owner’s title insurance will be at Purchaser’s expense. b. c. Purchaser must notify Seller in writing of any and all title objections, within 5 days of seller providing purchaser a copy of the commitment or all objections to title shall be waived. Seller will notify Purchaser of their intent to cure or not cure any objections within 5 days of receipt of said objections. If Seller cannot cure said timely and properly made objections after a good faith effort, or to do so would delay the closing beyond the original or any extended closing date, Purchaser agrees to accept Seller’s title policy at Purchaser’s expense. Failure to accept the Seller’s title policy shall constitute Purchaser’s release of the EMD all ▇▇▇▇▇▇▇ money deposits to the Seller, and the Contract shall be considered null and void. In the event that said timely, written objections cannot be cured within 90 days from delivery of notice of objections and/or the Seller’s title insurer cannot insure over said objections by issuing a title insurance policy at normal risk rates, then Seller, in its sole and absolute discretion may declare the Contract null and void. In such event, the Purchaser agrees that the Contract is of no further force or effect as to the Property but agrees, nonetheless to immediately and promptly execute a release of Contract as requested by Seller. Once the release is received by Seller, Purchasers’ EMD ▇▇▇▇▇▇▇ money deposit shall be returned. Seller shall not be obligated to pay interest on the EMD▇▇▇▇▇▇▇ money.