Lien Free Completion. Prior to the Option Termination Date, Builder shall maintain the applicable Property in good condition and repair and shall keep the unpurchased portion of the Property free and clear of all liens and encumbrances arising prior to the Option Termination Date other than those created by Owner, and Builder shall indemnify, defend and hold harmless Owner for, from and against any such liens or encumbrances (other than those created by Owner). Builder shall have an opportunity to cure any liens and encumbrances within 90 days from Owner’s written notice to Builder.
Appears in 4 contracts
Sources: Master Option Agreement (Millrose Properties, Inc.), Master Option Agreement (Millrose Properties, Inc.), Master Option Agreement (Millrose Properties, Inc.)