Owner’s Policy. As a condition to Buyer's obligations to purchase the Property, on or before the Close of Escrow, Title Company must be prepared to issue to Buyer the Title Policy effective as of the Close of Escrow, insuring Buyer in the amount of the Purchase Price that upon recordation of the Deed (as defined in Section 7.1 hereof) title to the Property shall be vested in Buyer, subject only to the Permitted Exceptions and the standard printed exceptions other than any Disapproved Title Exception not waived by Buyer.
Appears in 2 contracts
Sources: Agreement for Purchase and Sale (Apple Residential Income Trust Inc), Agreement for Purchase and Sale (Apple Residential Income Trust Inc)