Common use of LAND TITLE Clause in Contracts

LAND TITLE. The Town has agreed to provide land to the District to construct the new library facility. The site is as described in Exhibit A hereto. The Town will continue to own, and will lease to the District pursuant to this IGA, the library site as defined in exhibit A. Although a lease will not require a title insurance policy, the Town agrees that as the owner it is responsible for defending any and all title disputes relating to the defined library site and any adjoining property owned by the Town. In the event of a question as to the validity of the Town’s claim of ownership, the Town agrees to take reasonable steps necessary to confirm its ownership of the Library site, including seeking to obtain appropriate deeds or other forms of documentation as to such property, and, if necessary, bringing a quiet title action or other legal proceeding to resolve any possible title disputes.

LAND TITLE. The Town has agreed to provide land make the New Library Site available to the District to construct the new library facility. The site is as described in Exhibit A hereto. The Town will continue to own, own the New Library Site and will lease it to the District pursuant to in accordance with the terms set forth in this IGA, . The Parties agree that the library site as defined in exhibit A. Although a lease will arrangement would not typically require a title insurance policy, but the Town agrees that as has elected to acquire a title insurance commitment in order to identify any existing or potential claims against the owner it is responsible for defending property to defend any and all title disputes relating to the defined library site and any adjoining property owned by the TownNew Library Site. In the event of a question as to the validity of the Town’s claim of ownership, the Town agrees to take such reasonable steps as may be necessary to confirm its ownership of the New Library siteSite, including but not limited to seeking to obtain appropriate deeds or other forms of documentation as to such property, and, if necessary, bringing a quiet title action or other legal proceeding to resolve any possible title disputes.