Common use of TITLE DEED Clause in Contracts

TITLE DEED. Said Premises are to be conveyed by a good and sufficient quitclaim deed running to the BUYER, or to the nominee designated by the BUYER by written notice to the SELLER at least seven (7) calendar days before the deed is to be delivered as herein provided, and said deed shall convey a good and clear record and marketable title thereto, free from encumbrances, except: (a) Provisions of existing building and zoning laws; (b) Existing rights and obligations in party walls which are not the subject of written agreement; (c) Such taxes for the then current fiscal year as are not due and payable on the date of the delivery of such deed; (d) Any liens for municipal betterments assessed after the date of this Agreement; (e) Easements, restriction and reservations of record, if any, so long as the same do not prohibit or materially interfere with the current use of said Premises; (f) Any state of facts an accurate survey of the Premises may show, provided the same does not render title uninsurable or insurable at an additional premium. Fences and other incidental structures which vary from record lines shall not be deemed to render title uninsurable; (g) Rights of utilities to maintain and operate lines, wires, cables, poles and distribution boxes in, over, under or upon the Premises; and (h) The standard printed exceptions contained in the form of any title insurance policy issued by the title insurance company insuring the BUYER’s title to the Premises.