Common use of Title Assurances Clause in Contracts

Title Assurances. (1) The Title Policy referred to in Section 1.36 insuring that the Deed of Trust is a valid second priority lien on the indefeasible fee simple estate of the Property subject only to such matters of title acceptable to the City, and (2) such certificates, lien waivers, subordination agreements, indemnity agreements, and other documents as the City may require from the Borrower and all persons furnishing professional services, labor, or materials for construction of the Improvements to assure the priority of the Deed of Trust.

Appears in 9 contracts

Samples: Home Construction/Permanent Loan Agreement, Home Construction/Permanent Loan Agreement, Home Construction/Permanent Loan Agreement

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Title Assurances. (1) The Title Policy referred to in Section 1.36 1.37 insuring that the Deed of Trust is a valid second first priority lien on the indefeasible fee simple estate of the Property subject only to such matters of title acceptable to the City, and (2) such certificates, lien waivers, subordination agreements, indemnity agreements, and other documents as the City may require from the Borrower and all persons furnishing professional services, labor, or materials for construction of the Improvements to assure the priority of the Deed of Trust.

Appears in 5 contracts

Samples: Permanent Loan Agreement, Permanent Loan Agreement, Permanent Loan Agreement

Title Assurances. (1) The the Title Policy referred to in Section 1.36 1.32 insuring that the Deed of Trust is a valid second third priority lien on the indefeasible fee simple estate of the Property subject only to such matters of title acceptable to the City, and (2) such certificates, lien waivers, subordination agreements, indemnity agreements, and other documents as the City may require from the Borrower and all persons furnishing professional services, labor, or materials for construction of the Improvements to assure the priority of the Deed of Trust.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

Title Assurances. (1) The Title Policy referred to in Section 1.36 1.37 insuring that the Deed of Trust is a valid second priority first lien on the indefeasible fee simple estate of the Property subject only to such matters of title acceptable to the City, and (2) such certificates, lien waivers, subordination agreements, indemnity agreements, and other documents as the City may require from the Borrower and all persons furnishing professional services, labor, or materials for construction of the Improvements to assure the priority of the Deed of Trust.

Appears in 2 contracts

Samples: Forgivable Loan Agreement, Forgivable Loan Agreement

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Title Assurances. (1) The Title Policy referred to in Section 1.36 1.34 insuring that the Deed of Trust is a valid second priority lien on the indefeasible fee simple estate of the Property subject only to such matters of title acceptable to the City, and (2) such certificates, lien waivers, subordination agreements, indemnity agreements, and other documents as the City may require from the Borrower and all persons furnishing professional services, labor, or materials for construction of the Improvements to assure the priority of the Deed of Trust.

Appears in 2 contracts

Samples: www.durhamnc.gov, www.durhamnc.gov

Title Assurances. (1) The the Title Policy referred to in Section 1.36 1.32 insuring that the Deed of Trust is a valid second fourth priority lien on the indefeasible fee simple estate of the Property subject only to such matters of title acceptable to the City, and (2) such certificates, lien waivers, subordination agreements, indemnity agreements, and other documents as the City may require from the Borrower and all persons furnishing professional services, labor, or materials for construction of the Improvements to assure the priority of the Deed of Trust.

Appears in 1 contract

Samples: Agreement

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