Common use of TITLE AND CONVEYANCE Clause in Contracts

TITLE AND CONVEYANCE. Seller is to convey title to Buyer by Limited Warranty Deed, and provide Buyer with a Title Commitment prepared by an attorney, title or abstract company upon whose Title Commitment title insurance may be obtained from a title insurance company qualified to do and doing business in the state of Minnesota. Title shall be good and marketable, subject only to (a) covenants, conditions, and restrictions of record; (b) public, private utility easements and roads and rights-of-way; (c) applicable zoning ordinances, protective covenants, and prior mineral reservations; (d) special and other assessments on the property, if any; (e) general taxes for the year 2021 and subsequent years; and (f) a Conservation Easement, a copy of which is attached to this Purchase Agreement and which shall be recorded simultaneously with the Limited Warranty Deed at closing. A Title Commitment shall be provided to Buyer at least five (5) days prior to closing. If there are title defects, Seller shall notify Buyer within five (5) days of closing and Buyer, at Buyer's option, may either: (a) if defects cannot be cured by designated closing date, cancel this contract, in which case all xxxxxxx money deposited shall be returned; (b) accept title as is; or (c) if the defects are of such character that they can be remedied by legal action within a reasonable time, permit Seller such reasonable time to perform curative work at Seller's expense. In the event that the curative work is performed by Seller, the time specified herein for closing of this sale shall be extended for a reasonable period necessary for such action. Seller represents that the property may be legally used as zoned and that no government agency has served any notice to Seller requiring repairs, alterations, or corrections of any existing condition except as stated herein.

TITLE AND CONVEYANCE. Seller is to convey title to Buyer by Limited Special Warranty Deed, Deed or (as appropriate) and provide Buyer with a Certificate of Title Commitment prepared by an attorney, title or abstract company upon whose Title Commitment Certificate or report title insurance may be obtained from a title insurance company qualified to do and doing business in the state of Minnesota. Seller will also execute a Bill of Sale, if necessary, for the transfer of any personal property. Seller shall, prior to or at closing, satisfy all outstanding mortgages, deeds of trust and special liens affecting the subject property. Title shall be good and marketable, subject only to (a) covenants, conditions, conditions and restrictions of record; , (b) public, private utility easements and roads and rights-of-way; , (c) applicable zoning ordinances, protective covenants, covenants and prior mineral reservations; , (d) special and other assessments on the property, if any; , (e) general taxes for the year 2021 and subsequent years; years and (fe) a Conservation Easement, a copy of which is attached to this Purchase Agreement and which shall be recorded simultaneously with the Limited Warranty Deed at closingother: . A Title Commitment title report shall be provided to Buyer at least five (5) 5 days prior to closing. If there are title defects, Seller shall notify Buyer within five (5) 5 days of closing and Buyer, at Buyer's option, may either: either (a) if defects cannot be cured by designated closing date, cancel this contract, in which case all xxxxxxx money deposited shall be returned; , (b) accept title as is; , or (c) if the defects are of such character that they can be remedied by legal action within a reasonable time, permit Seller such reasonable time to perform curative work at Seller's expense. In the event that the curative work is performed by Seller, the time specified herein for closing of this sale shall be extended for a reasonable period necessary for such action. Seller represents that the property may be legally used as zoned and that no government agency has served any notice to Seller requiring repairs, alterations, alterations or corrections of any existing condition except as stated herein.

TITLE AND CONVEYANCE. Seller is to shall convey title to Buyer the Phase II Premises by Limited Warranty Deed, and provide Buyer with a Title Commitment prepared by an attorney, title or abstract company upon whose Title Commitment title insurance may be obtained from a title insurance company qualified to do and doing business in the state of Minnesota. Title shall be good and marketable, subject only to (a) covenantslocal ordinance, conditionsmunicipal regulation, public or private law and restrictions only those encumbrances and title exceptions listed on Exhibit A attached hereto and shall be conveyed free and clear of record; (b) publicthose items listed as objections to title and number ___ through ___ inclusive on Exhibit A. Seller acknowledges that he shall pay off any monetary encumbrances affecting the Premises at the Phase II Closing, private utility easements and roads and rights-of-way; (c) applicable zoning ordinances, protective covenants, and prior mineral reservations; (d) special and other assessments except that the sewer assessment shall be adjusted as follows. Seller shall pay any installments due on the property, if any; (e) general taxes sewer assessment for the year 2021 Phase II Premises and subsequent years; and (f) a Conservation Easement, a copy of which is attached to this Purchase Agreement and which shall be recorded simultaneously with the Limited Warranty Deed at closing. A Title Commitment shall be provided to Buyer at least five (5) days Phase III Premises prior to closing. If there are title defectsAs to the final installment of the sewer assessment due in 1996, Buyer shall pay the sum of $7,000 at closing and Seller shall pay the balance due at closing if Seller has [ILLEGIBLE REST OF SENTENCE]. Seller shall not further encumber all or any portion of the Premises in any manner prior to the Closing. The parties agree that the Buyer shall determine to its sole satisfaction on or before August 15, 1995 whether Seller's title to the Phase II Premises is good and marketable; if Buyer shall determine that Seller's title to the Premises is not to its satisfaction, Buyer shall so notify Buyer within five the Seller in writing whereupon Seller shall have an opportunity for a period not to exceed thirty (530) days from the date of closing and such notice to remedy to Buyer's sole satisfaction the alleged defects or defects claimed. If, after the expiration of said thirty (30) day period, said defects have not been remedied to Buyer's sole satisfactions, Buyer, at Buyer's option, its option may either: terminate this Agreement by notice to Seller within ten (a10) if defects cannot be cured by designated closing date, cancel this contractdays after expiration of said thirty (30) day period in the manner provided in Section 15 hereinafter, in which case event Seller may retain all xxxxxxx money deposited monies received by Seller hereunder, and neither Buyer nor Seller shall be returned; (b) accept title as is; thereafter have any further liability or (c) if obligation to the defects are of such character that they can be remedied by legal action within a reasonable time, permit Seller such reasonable time to perform curative work at Seller's expenseother hereunder. In the event that Buyer fails to notify Seller of Buyer's intent to terminate this Agreement pursuant to the curative work is performed by Sellerimmediately preceding sentence, and in the time specified herein for closing of this sale event that Buyer thereafter exercises its option to purchase the Phase II Premises, Buyer shall be extended for a reasonable period necessary for such action. Seller represents that deemed to have elected to accept title to the property may be legally used Phase II Premises on the terms and conditions set forth in this Agreement, subject to the items listed on Exhibit A and any other defects which were existing as zoned of the date of Buyer's title search and that no government agency has served any notice not objected to Seller requiring repairs, alterations, or corrections of any existing condition except as stated herein.on Exhibit A.

TITLE AND CONVEYANCE. Seller is to convey title to Buyer by Limited Warranty Deed. Seller shall, prior to or at closing, satisfy all outstanding mortgages, deeds of trust and provide special liens affecting the subject property which are not specifically assumed by Buyer with a Title Commitment prepared by an attorney, title or abstract company upon whose Title Commitment title insurance may be obtained from a title insurance company qualified to do and doing business in the state of Minnesotaherein. Title shall be good and marketable, subject only to (a) covenants, conditions, conditions and restrictions of record; , (b) public, private utility easements and roads and rights-of-way; , (c) applicable zoning ordinances, protective covenants, covenants and prior mineral reservations; , (d) special and other assessments on the property, if any; , (e) general taxes for the current year 2021 and subsequent years; and (f) a Conservation Easement, a copy of which is attached to this Purchase Agreement and which shall be recorded simultaneously with the Limited Warranty Deed at closing. A Title Commitment title report shall not be provided to Buyer at least five (5) days prior closing. Buyer may elect to closingdo their own title search at their own expense. If there are title defects, Seller shall notify Buyer within five (5) 5 days of closing and Buyer, at Buyer's option, may either: either (a) if defects cannot be cured by designated closing date, cancel this contract, in which case all xxxxxxx money or down payment monies deposited shall be returned; , (b) accept title as is; , or (c) if the defects are of such character that they can be remedied by legal action within a reasonable time, permit Seller such reasonable time to perform curative work at Seller's expense. In the event that the curative work is performed by Seller, the time specified herein for closing of this sale shall be extended for a reasonable period necessary for such action. Seller represents that the property may be legally used as zoned and that no government agency has served any notice to Seller requiring repairs, alterations, alterations or corrections of any existing condition except as stated herein.

TITLE AND CONVEYANCE. Seller is to convey title to Buyer by Limited Warranty Deed, Deed or (as appropriate) and provide Buyer with a Certificate of Title Commitment prepared by an attorney, title or abstract company upon whose Title Commitment Certificate or report title insurance may be obtained from a title insurance company qualified to do and doing business in the state of Minnesota. Seller shall, prior to or at closing, satisfy all outstanding mortgages, deeds of trust and special liens affecting the subject property which are not specifically assumed by Buyer herein. Title shall be good and marketable, subject only to (a) covenants, conditions, conditions and restrictions of record; , (b) public, private utility easements and roads and rights-ofrights -of-way; , (c) applicable zoning ordinances, protective covenants, covenants and prior mineral reservations; , (d) special and other assessments on the property, if any; , (e) general taxes for the year 2021 _________ and subsequent years; years and (fe) a Conservation Easement, a copy of which is attached to this Purchase Agreement and which shall be recorded simultaneously with the Limited Warranty Deed at closingother: . A Title Commitment title report shall be provided to Buyer at least five (5) 5 days prior to closing. If there are title defects, Seller shall notify Buyer within five (5) 5 days of closing and Buyer, at Buyer's option, may either: either (a) if defects cannot be cured by designated closing date, cancel this contract, in which case all xxxxxxx money deposited shall be returned; , (b) accept title as is; , or (c) if the defects are of such character that they can be remedied by legal action within a reasonable time, permit Seller such reasonable time to perform curative work at Seller's expense. In the event that the curative work is performed by Seller, the time specified herein for closing of this sale shall be extended for a reasonable period necessary for such action. Seller represents that the property may be legally used as zoned and that no government agency has served any notice to Seller requiring repairs, alterations, alterations or corrections of any existing condition except as stated herein.

TITLE AND CONVEYANCE. Seller is to convey title to Buyer by Limited Warranty Deed, Deed or (as appropriate) and provide Buyer with a Certificate of Title Commitment prepared by an attorney, title or abstract company upon whose Title Commitment Certificate or report title insurance may be obtained from a title insurance company qualified to do and doing business in the state of MinnesotaCalifornia. Seller will also execute a Bill of Sale, if necessary, for the transfer of any personal property. Seller shall, prior to or at closing, satisfy all outstanding mortgages, deeds of trust and special liens affecting the subject property which are not specifically assumed by Buyer herein. Title shall be good and marketable, subject only to (a) covenants, conditions, conditions and restrictions of record; , (b) public, private utility easements and roads and rights-of-way; , (c) applicable zoning ordinances, protective covenants, covenants and prior mineral reservations; , (d) special and other assessments on the property, if any; , (e) general taxes for the year 2021 and subsequent years; years and (fe) a Conservation Easement, a copy of which is attached to this Purchase Agreement and which shall be recorded simultaneously with the Limited Warranty Deed at closingother: . A Title Commitment title report shall be provided to Buyer at least five (5) 5 days prior to closing. If there are title defects, Seller shall notify Buyer within five (5) 5 days of closing and Buyer, at Buyer's option, may either: either (a) if defects cannot be cured by designated closing date, cancel this contract, in which case all xxxxxxx money deposited shall be returned; , (b) accept title as is; , or (c) if the defects are of such character that they can be remedied by legal action within a reasonable time, permit Seller such reasonable time to perform curative work at Seller's expense. In the event that the curative work is performed by Seller, the time specified herein for closing of this sale shall be extended for a reasonable period necessary for such action. Seller represents that the property may be legally used as zoned and that no government agency has served any notice to Seller requiring repairs, alterations, alterations or corrections of any existing condition except as stated herein.

TITLE AND CONVEYANCE. Seller is to convey title to Buyer by Limited Warranty Quit Claim Deed. Seller will also execute a Xxxx of Sale, if necessary, for the transfer of any personal property. Seller shall, prior to or at closing, satisfy all outstanding mortgages, deeds of trust and provide special liens affecting the subject property which are not specifically assumed by Buyer with a Title Commitment prepared by an attorney, title or abstract company upon whose Title Commitment title insurance may be obtained from a title insurance company qualified to do and doing business in the state of Minnesotaherein. Title shall be good and marketable, subject only to (a) covenants, conditions, conditions and restrictions of record; , (b) public, private utility easements and roads and rights-of-way; , (c) applicable zoning ordinances, protective covenants, covenants and prior mineral reservations; , (d) special and other assessments on the property, if any; , (e) general taxes for the year 2021 2013 and subsequent years; and (f) a Conservation Easement.. If requested by Buyer, a copy of which is attached to this Purchase Agreement and which shall be recorded simultaneously with the Limited Warranty Deed at closing. A Title Commitment title report shall be provided to Buyer at least five three (53) days prior to closing. If there are title defects, Seller shall notify Buyer within five (5) 5 days of closing and Buyer, at Buyer's option, may either: either (a) if defects cannot be cured by designated closing date, cancel this contract, in which case all xxxxxxx money deposited shall be returned; , (b) accept title as is; , or (c) if the defects are of such character that they can be remedied by legal action within a reasonable time, permit Seller such reasonable time to perform curative work at Seller's expense. In the event that the curative work is performed by Seller, the time specified herein for closing of this sale shall be extended for a reasonable period necessary for such action. Seller represents that the property may be legally used as zoned and that no government agency has served any notice to Seller requiring repairs, alterations, alterations or corrections of any existing condition except as stated herein.