Title Approval. Prior to closing, Buyer shall be furnished with a title insurance commitment for the most current and comprehensive ALTA Owner's Title Insurance Policy available in the amount of the purchase price or an abstract of title continued to date, showing marketable title to Property in Seller's name. Seller must convey title free and clear of any encumbrances and title defects, with the exception of any mortgage assumed by ▇▇▇▇▇ and any restrictions or easements of record not materially interfering with ▇▇▇▇▇'s intended use of the Property. A title company, at Buyer's request, can provide information about availability of various additional title insurance coverages and endorsements and the associated costs. 227 Owner's Title Insurance Premium and that portion of Title Service Fees incurred to prepare the Owner's Policy 228 (including title search and examination and commitment preparation), to be paid by ▇▇▇▇▇ (included in 229 allowance, if provided) Seller Shared equally. 230 231 ▇▇▇▇▇▇'s Title Insurance Premium and that portion of Title Service Fees incurred to prepare the Lender's Policy 232 233 (including title search and examination and commitment preparation), if applicable, to be paid by Buyer (included in allowance, if provided) Seller Shared equally Other 234 . 235 The parties agree that Seller 236 will order the commitment immediately or other: 237 . 238 239 240 241 242 243 244 245 Pursuant to Federal and State law, Seller cannot make Seller's selection of a title insurance provider a condition of this Agreement. ▇▇▇▇▇▇ agrees to pay the cost of obtaining all other documents necessary to perfect title (including the cost of the deed and vendor's affidavit), so that marketable title can be conveyed.
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Sources: Purchase Agreement, Purchase Agreement