Common use of Title Commitment and Survey Clause in Contracts

Title Commitment and Survey. a. Attached hereto as Exhibit C is a title commitment with an effective date of September 6, 1995 ("Title Commitment") for an owner's standard coverage title insurance policy ("Title Policy") issued by Chicago Title Insurance Company ("Title Insurer"). The owner's Title Policy issued at Closing will be in the amount of the Purchase Price subject only to real estate taxes not yet due and payable, the general printed exceptions contained in the policy and the special title exceptions set forth in Schedule B approved by Purchaser in writing prior to the expiration of the Approval Period. All of the above are herein referred to as the "Permitted Exceptions". The Title Commitment shall be conclusive evidence of good title as therein shown as to all matters insured by the policy, subject only to the exceptions therein stated. On the Closing Date, Seller shall cause the Title Insurer to issue the Title Policy or a "marked up" commitment in conformity with the Title Commitment and the Permitted Exceptions. Seller and Purchaser shall equally share the costs of the Title Policy; however, Purchaser shall pay the costs of "extended coverage" or any special endorsements which Purchaser requires.

Title Commitment and Survey. a. Attached hereto as Exhibit C D is a title commitment with an effective date of September 6dated April 23, 1995 1997, and designated GF# 96260256 ("Title Commitment") for an owner's standard coverage title insurance policy ("Title Policy") issued by Chicago Charter Title Company, as agent for Lawyers Title Insurance Company Corporation ("Title Insurer"). The owner's Title Policy issued at Closing will be in the amount of the Purchase Price subject only to real estate and personalty taxes not yet due and payable, the general printed exceptions contained in the policy and the special title exceptions set forth in Schedule B approved by Purchaser in writing prior to the expiration B, Section 2, Numbers 6 through 25 of the Approval PeriodTitle Commitment plus an exception for leases and tenancies at the Property. All of the above are herein referred to as the "Permitted Exceptions". The Title Commitment shall be conclusive evidence of good title as therein shown as to all matters insured by the policy, subject only to the exceptions therein stated. On the Closing Date, Seller shall cause the Title Insurer to issue the Title Policy or a "marked up" commitment in conformity with the Title Commitment and the Permitted ExceptionsCommitment. Seller and Purchaser shall equally share pay the costs of the Title Policy; however, Purchaser shall pay the costs of "extended coverage" or any special endorsements which Purchaser requires.

Title Commitment and Survey. a. Attached hereto as Exhibit C D is a title commitment with an effective date of September 6dated March 11, 1995 1997 ("Title Commitment") for an owner's standard coverage title insurance policy ("Title Policy") issued by Chicago Title First Agency, Inc., as agent for Commonwealth Land Title Insurance Company ("Title Insurer"). The owner's Title Policy (as hereinafter defined) issued at Closing will be in the aggregate amount of the Purchase Price and shall insure the real property described in Exhibit A subject only to real estate taxes not yet due and payable, the general printed exceptions contained in construction contracts for the policy and "Work" (hereinafter defined) which has not been completed as of the Closing Date, the special title exceptions set forth in Schedule B approved by Purchaser in writing prior to the expiration B-Section 2, Numbers 10 through 18, inclusive, of the Approval Period. All Title Commitment and a title exception addressing the rights of the above are herein referred to as the those tenants shown on a current rent roll ("Permitted Exceptions"). The Title Commitment shall be conclusive evidence of good title as therein shown as to all matters insured by the policy, subject only to the exceptions therein stated. On the Closing Date, Seller shall cause the Title Insurer to issue the Title Policy or a "marked up" commitment in conformity with favor of Purchaser containing only the Title Commitment Permitted Exceptions and the Permitted Exceptions"extended coverage", and the special endorsements required by Purchaser. Seller and Purchaser shall equally share pay for the costs of the Title Policy; however, Purchaser shall pay for the costs of "extended coverage" or any special endorsements which Purchaser requires.

Title Commitment and Survey. a. Attached hereto as Exhibit C D is a title commitment with an effective date of September February 6, 1995 1997 (revised February 14, 1997) ("Title Commitment") for an owner's standard coverage title insurance policy ("Title Policy") issued by Chicago Title Insurance Company ("Title Insurer"). The owner's Title Policy issued at Closing will be in the amount of the Purchase Price subject only to real estate taxes not yet due and payable, the general printed exceptions contained in the policy payable and the special title exceptions set forth in Schedule B approved by Purchaser in writing prior to the expiration B-Section 2, Numbers 2f and 5 through 11 inclusive of the Approval PeriodTitle Commitment. All of the above are herein referred to as the "Permitted Exceptions". The Title Commitment shall be conclusive evidence of good title as therein shown as to all matters insured by the policy, subject only to the exceptions therein stated. On the Closing Date, Seller shall cause the Title Insurer to issue the Title Policy or a "marked up" commitment in conformity with the Title Commitment and the Permitted ExceptionsCommitment. Seller and Purchaser shall equally share pay the costs of the Title Policy; however, Purchaser shall pay the costs of "extended coverage" or any special endorsements which Purchaser requires.

Title Commitment and Survey. a. Attached hereto as Exhibit C D is a title commitment with an effective date of September 6dated December 22, 1995 1996 ("Title Commitment") for an owner's standard coverage title insurance policy ("Title Policy") issued by Chicago Title Insurance Company ("Title Insurer"). The owner's Title Policy issued at Closing will be in the amount of the Purchase Price subject only to real estate taxes not yet due and payable, the general printed exceptions contained in the policy payable and the special title exceptions set forth in Schedule B approved by Purchaser in writing prior to the expiration B-Section 2, Numbers 2f and 5 through 11 inclusive of the Approval PeriodTitle Commitment. All of the above are herein referred to as the "Permitted Exceptions". The Seller agrees that on or prior to the Closing, it shall have complied with all of the requirements of the Seller in the Title Commitment shall be conclusive evidence of good title as therein shown as in order to all matters insured by enable the policy, subject only Title Insurer to delete those requirements from the exceptions therein statedOwner's Title Policy. On the Closing Date, Seller shall cause the Title Insurer to issue the Title Policy or a "marked up" commitment in conformity with the Title Commitment and the Permitted Exceptionsa simultaneous issue of a mortgage title policy for an additional premium of $200.00. Seller and Purchaser shall equally share pay the costs of the Title Policy; however, Purchaser shall pay the costs of including "extended coverage" or and any special endorsements which Purchaser requires. The title insurance premiums shall not exceed the minimum promulgated rate established for the Title Insurer under Florida law.