Common use of TITLE AND CONVEYANCE Clause in Contracts

TITLE AND CONVEYANCE. 180 A. Seller warrants that at the time of Closing, Seller will convey or cause to be conveyed to Buyer or Buyer’s assign(s) 181 good and marketable title to said Property by general warranty deed, subject only to: 182 (1) zoning; 183 (2) setback requirements and general utility, sewer, and drainage easements of record on the Binding 184 Agreement Date upon which the improvements do not encroach; 185 (3) subdivision and/or condominium declarations, covenants, restrictions, and easements of record on the 186 Binding Agreement Date; and 187 (4) leases and other encumbrances specified in this Agreement. 188 If title examination, closing or loan survey pursuant to Tenn. Code Xxx. § 00-00-000, boundary line survey, or other 189 information discloses material defects, Buyer may, at Buyer's discretion: 190 (1) accept the Property with the defects OR 191 (2) require Seller to remedy such defects prior to the Closing Date. Buyer shall provide Seller with written 192 notice of such defects via the Notification form or equivalent written notice. If defects are not remedied 193 prior to Closing Date, Buyer and Seller may elect to extend the Closing Date by mutual written agreement 194 evidenced by the Closing Date/Possession Amendment form or other written equivalent. If defects are not 195 remedied by the Closing Date or any mutually agreed upon extension thereof, this Agreement shall 196 terminate, and Buyer shall be entitled to refund of Xxxxxxx Money. 197 Good and marketable title as used herein shall mean title which a title insurance company licensed to do business in 198 Tennessee will insure at its regular rates, subject only to standard exceptions. The title search or abstract used for 199 the purpose of evidencing good and marketable title must be acceptable to the title insurance agent and the issuing 200 title insurance company. Seller agrees to execute such appropriate affidavits and instruments as may be required by 201 the issuing title insurance company. 202 B. Deed. Deed is to be made in the name of . 203 The manner in which Buyer takes title determines ownership and survivorship rights. It is the Buyer’s responsibility 204 to consult the closing agency or attorney prior to Closing.

TITLE AND CONVEYANCE. 180 A. Seller warrants that at the time of Closing, Seller will convey or cause to be conveyed to Buyer or Buyer’s assign(s) 181 good and marketable title to said Property by general warranty deed, subject only to: 182 (1) zoning; 183 (2) setback requirements and general utility, sewer, and drainage easements of record on the Binding 184 Agreement Date upon which the improvements do not encroach; 185 (3) subdivision and/or condominium declarations, covenants, restrictions, and easements of record on the 186 Binding Agreement Date; and 187 (4) leases and other encumbrances specified in this Agreement. 188 If title examination, closing or loan survey pursuant to Tenn. Code Xxx. § 00-00-000, boundary line survey, or other 189 information discloses material defects, Buyer Xxxxx may, at BuyerXxxxx's discretion: 190 (1) accept the Property with the defects OR 191 (2) require Seller to remedy such defects prior to the Closing Date. Buyer shall provide Seller with written 192 notice of such defects via the Notification form or equivalent written notice. If defects are not remedied 193 prior to Closing Date, Buyer and Seller may elect to extend the Closing Date by mutual written agreement 194 evidenced by the Closing Date/Possession Amendment form or other written equivalent. If defects are not 195 remedied by the Closing Date or any mutually agreed upon extension thereof, this Agreement shall 196 terminate, and Buyer shall be entitled to refund of Xxxxxxx Money. 197 Good and marketable title as used herein shall mean title which a title insurance company licensed to do business in 198 Tennessee will insure at its regular rates, subject only to standard exceptions. The title search or abstract used for 199 the purpose of evidencing good and marketable title must be acceptable to the title insurance agent and the issuing 200 title insurance company. Seller Xxxxxx agrees to execute such appropriate affidavits and instruments as may be required by 201 the issuing title insurance company. 202 B. Deed. Deed is to be made in the name of . 203 The manner in which Buyer Xxxxx takes title determines ownership and survivorship rights. It is the Buyer’s responsibility 204 to consult the closing agency or attorney prior to Closing.

TITLE AND CONVEYANCE. 180 222 A. Seller warrants that at the time of Closing, Seller will convey or cause to be conveyed to Buyer or Buyer’s assign(s) 181 223 good and marketable title to said Property by general warranty deed, subject only to: 182 224 (1) zoning; 183 225 (2) setback requirements and general utility, sewer, and drainage easements of record on the Binding 184 Agreement 226 Date upon which the improvements do not encroach; 185 227 (3) subdivision and/or condominium declarations, covenants, restrictions, and easements of record on the 186 228 Binding Agreement Date; and 187 229 (4) leases and other encumbrances specified in this Agreement. 188 230 If title examination, closing or loan survey pursuant to Tenn. Code Xxx. § 00-00-000, boundary line survey, or other 189 231 information discloses material defects, Buyer may, at Buyer's discretion: 190 232 (1) accept the Property with the defects OR 191 233 (2) require Seller to remedy such defects prior to the Closing Date. Buyer shall provide Seller with written 192 notice 234 of such defects via the Notification form or equivalent written notice. If defects are not remedied 193 prior to 235 Closing Date, Buyer and Seller may elect to extend the Closing Date by mutual written agreement 194 evidenced 236 by the Closing Date/Possession Amendment form or other written equivalent. If defects are not 195 remedied by 237 the Closing Date or any mutually agreed upon extension thereof, this Agreement shall 196 terminate, and Buyer DRAFT SPECIMEN 238 shall be entitled to refund of Xxxxxxx Money/Trust Money. 197 239 Good and marketable title as used herein shall mean title which a title insurance company licensed to do business in 198 240 Tennessee will insure at its regular rates, subject only to standard exceptions. The title search or abstract used for 199 the 241 purpose of evidencing good and marketable title must be acceptable to the title insurance agent and the issuing 200 title 242 insurance company. Seller agrees to execute such appropriate affidavits and instruments as may be required by 201 the 243 issuing title insurance company. 202 244 B. Deed. Name(s) on Deed is to be made in the name of . 203 The manner in which Buyer takes title determines ownership and survivorship rights. be: 245 It is the Buyer’s responsibility 204 to consult the closing agency or attorney prior to ClosingClosing as to the manner in which 246 Buyer holds title.

TITLE AND CONVEYANCE. 180 227 A. Seller warrants that at the time of Closing, Seller will shall convey or cause to be conveyed to Buyer or Buyer’s 228 assign(s) 181 good and marketable title to said Property by general warranty deed, subject only to: 182 229 (1) zoning; 183 230 (2) setback requirements and general utility, sewer, and drainage easements of record on the Binding 184 Agreement 231 Date upon which the improvements do not encroach; 185 232 (3) subdivision and/or condominium declarations, covenants, restrictions, and easements of record on the 186 233 Binding Agreement Date; and 187 234 (4) leases and other encumbrances specified in this Agreement. 188 235 If title examination, closing or loan survey pursuant to Tenn. Code Xxx. § 00-00-000, boundary line survey, or other 189 236 information discloses material defects, Buyer Xxxxx may, at BuyerXxxxx's discretion: 190 237 (1) accept the Property with the defects OR 191 238 (2) require Seller to remedy such defects prior to the Closing Date. Buyer shall provide Seller with written 192 notice 239 of such defects via the Notification form or equivalent written notice. If defects are not remedied 193 prior to 240 Closing Date, Buyer Xxxxx and Seller may elect to extend the Closing Date by mutual written agreement 194 evidenced 241 by the Closing Date/Possession Amendment form or other written equivalent. If defects are not 195 remedied by 242 the Closing Date or any mutually agreed upon extension thereof, this Agreement shall 196 terminate, and Buyer 243 shall be entitled to refund of Xxxxxxx Money/Trust Money. 197 244 Good and marketable title as used herein shall mean title which a title insurance company licensed to do business in 198 245 Tennessee will shall insure at its regular rates, subject only to standard exceptions. The title search or abstract used 246 for 199 the purpose of evidencing good and marketable title must be acceptable to the title insurance agent and the issuing 200 247 title insurance company. Seller Xxxxxx agrees to execute such appropriate affidavits and instruments as may be required by 201 248 the issuing title insurance company. 202 249 B. Deed. Name(s) on Deed is to be made in the name of . 203 The manner in which Buyer takes title determines ownership and survivorship rights. be: 250 It is the Buyer’s responsibility 204 to consult the closing agency or attorney prior to ClosingClosing as to the manner in which 251 Buyer holds title.

TITLE AND CONVEYANCE. 180 222 A. Seller warrants that at the time of Closing, Seller will convey or cause to be conveyed to Buyer or BuyerXxxxx’s assign(s) 181 223 good and marketable title to said Property by general warranty deed, subject only to: 182 224 (1) zoning; 183 225 (2) setback requirements and general utility, sewer, and drainage easements of record on the Binding 184 Agreement 226 Date upon which the improvements do not encroach; 185 227 (3) subdivision and/or condominium declarations, covenants, restrictions, and easements of record on the 186 228 Binding Agreement Date; and 187 229 (4) leases and other encumbrances specified in this Agreement. 188 230 If title examination, closing or loan survey pursuant to Tenn. Code Xxx. § 00-00-000, boundary line survey, or other 189 231 information discloses material defects, Buyer Xxxxx may, at BuyerXxxxx's discretion: 190 232 (1) accept the Property with the defects OR 191 233 (2) require Seller to remedy such defects prior to the Closing Date. Buyer shall provide Seller with written 192 notice 234 of such defects via the Notification form or equivalent written notice. If defects are not remedied 193 prior to 235 Closing Date, Buyer Xxxxx and Seller may elect to extend the Closing Date by mutual written agreement 194 evidenced 236 by the Closing Date/Possession Amendment form or other written equivalent. If defects are not 195 remedied by 237 the Closing Date or any mutually agreed upon extension thereof, this Agreement shall 196 terminate, and Buyer DRAFT SPECIMEN 238 shall be entitled to refund of Xxxxxxx Money/Trust Money. 197 239 Good and marketable title as used herein shall mean title which a title insurance company licensed to do business in 198 240 Tennessee will insure at its regular rates, subject only to standard exceptions. The title search or abstract used for 199 the 241 purpose of evidencing good and marketable title must be acceptable to the title insurance agent and the issuing 200 title 242 insurance company. Seller Xxxxxx agrees to execute such appropriate affidavits and instruments as may be required by 201 the 243 issuing title insurance company. 202 B. Deed244 X. Xxxx. Name(s) on Deed is to be made in the name of . 203 The manner in which Buyer takes title determines ownership and survivorship rights. be: 245 It is the Buyer’s responsibility 204 to consult the closing agency or attorney prior to ClosingClosing as to the manner in which 246 Buyer holds title.