TITLE POLICY AND ENDORSEMENTS. Lender shall have received a commitment ----------------------------- for title insurance in an amount and issued by a title insurance company satisfactory to Lender. On the Closing Date, Lender shall receive a title insurance policy for each Property (collectively, the "TITLE POLICY"), acceptable to Lender, insuring marketability of title and insuring that the lien of each Mortgage is a valid first lien on the applicable Property and the Improvements located thereon, subject only to exceptions to title approved by Lender. The Title Policy shall also contain any reinsurance and endorsements required by Lender, to the extent available in the applicable jurisdiction, including without limitation creditors' rights, zoning 3.1, survey, access, variable rate, usury, last dollar, first loss, and extended coverage endorsements (Comprehensive Form 1). 3.5.
TITLE POLICY AND ENDORSEMENTS. With respect to each Property, Lender shall have received a commitment for title insurance in an amount and issued by a title insurance company satisfactory to Lender (collectively, the "TITLE COMMITMENT"), in a form and amount acceptable to Lender, insuring marketability of title and insuring that the lien of each of the Mortgages is a valid first lien on the respective Property, as applicable, subject only to exceptions to title approved by Lender and as to each Property, the Permitted Liens, if any set forth in an exhibit to the Mortgage encumbering such Property. Within thirty (30) days after the Closing Date, Borrower shall, at its sole cost, cause the title company which issued the Title Commitment to issue to Lender a lender's form of title insurance policy with respect to each Property in the form of the Title Commitment (collectively, the "TITLE POLICY"). The Title Policy shall also contain any reinsurance and endorsements required by Lender including without limitation negative amortization, survey, access, tax parcel, subdivision, contiguity, non-imputation, variable rate, usury, last dollar, first loss, tie-in, subsequent disbursements and extended coverage endorsements (Comprehensive Form 1), to the extent available in the state where the respective Property is located.
TITLE POLICY AND ENDORSEMENTS. The Property Owner shall deliver or cause the Title Company to deliver to the Capital Provider the mortgagee’s policy of title insurance insuring the Capital Provider in the amount of the CoPACE Loan, and shall thereafter deliver to the Capital Provider all endorsements thereto for all Disbursements in accordance with the requirements for each Disbursement Request. All title insurance and escrow charges shall be charged to the Property Owner.
TITLE POLICY AND ENDORSEMENTS. Lender shall have received the Title Company’s irrevocable commitment to issue the Title Policy, which shall insure that the Deed of Trust will be a first priority Lien on the property described therein, as applicable, subject to no Liens, claims, exceptions or encumbrances other than those acceptable to Lender, and each such Title Policy shall be in such amount as Lender may require, and contain endorsements acceptable to Lender.
TITLE POLICY AND ENDORSEMENTS. Lender shall have received a title insurance policy or an acceptable marked commitment therefor ("TITLE POLICY"), dated the Closing Date and acceptable to Lender, insuring marketability of title and insuring that the lien of the First Mortgage is a valid first lien on the Property and the lien of the Second Mortgage is a valid second lien on the Property, subject only to the First Mortgage and such other exceptions to title approved by Lender. The Title Policy shall also contain any reinsurance or co-insurance and any endorsements required by Lender, including, without limitation, if applicable and if available, the following endorsements in form and substance acceptable to Lender: creditors' rights, zoning 3.1, survey, variable rate, usury, first loss, last dollar, tie in (cluster), contiguity (where applicable), street address, "doing business", extended coverage endorsements and such other endorsements and affirmative assurances as Lender shall reasonably require in order to provide insurance against specific risks identified by Lender in connection with the Property or the Loan, provided, that (i) to the extent that the title company(ies) issuing the Title Policy (individually or collectively, as the case may be, the "TITLE COMPANY") shall be precluded by law or regulation from issuing any required endorsement or if such endorsement is not generally available for a reasonable cost as reasonably determined by Lender, such endorsement shall not be required if Borrower shall provide alternative assurances to Lender (by way of counsel opinion or indemnity, for example) as to the matters that would otherwise have been addressed by such title endorsement, and (ii) in lieu of a zoning 3.1 endorsement, Borrower may provide to Lender an official letter from the appropriate official in the locality in which the Property is situated, in form and content reasonably satisfactory to Lender, as to the zoning classification of the Property and that the current use of the Property conforms with such zoning classification. In addition, on the Closing Date, tie-in (cluster) endorsements and/or amendments to previously issued tie-in (cluster) endorsements shall be provided, to aggregate, to the greatest extent permitted by applicable law and regulations, the Title Policy issued on the Closing Date with the Title Policies issued for Loans previously made. It is expressly understood and agreed by Borrower that the Title Policies issued on each of the Loans must all be issue...
TITLE POLICY AND ENDORSEMENTS. Lender shall have received a commitment for title insurance in an amount and issued by a title insurance company satisfactory to Lender. On the Closing Date, Lender shall receive a title insurance policy ("Title Policy"), acceptable to Lender, insuring marketability of title and insuring that the lien of each of the Mortgages is a valid first lien on each of the Properties and the Improvements thereon, subject only to exceptions to title approved by Lender. The Title Policy shall also contain any reinsurance and endorsements required by Lender including without limitation creditors' rights, zoning 3.1, survey, access, variable rate, usury, last dollar, first loss, tying and extended coverage endorsements (Comprehensive Form 1).
TITLE POLICY AND ENDORSEMENTS. Lender shall have received a commitment for title insurance in an amount and issued by a title insurance company satisfactory to Lender. On the Closing Date, Lender shall receive a title insurance policy (“Title Policy”), acceptable to Lender, insuring marketability of title and insuring that the lien of the Mortgage is a valid first lien on the Properties, subject only to exceptions to title approved by Lender. The Title Policy shall also contain any reinsurance and endorsements required by Lender including without limitation creditors’ rights, zoning 3.1, negative amortization, variable rate and extended coverage endorsements (Comprehensive Form 1).
TITLE POLICY AND ENDORSEMENTS. With respect to each Included ----------------------------- Property, Agent shall have received a commitment for title insurance in an amount and issued by a title insurance company satisfactory to Agent (collectively, the "Title Policy"), in a form and amount acceptable to Agent, insuring marketability of title and insuring that the lien of each of the Mortgages is a valid first lien on the respective Property, as applicable, subject only to exceptions to title approved by Agent. The Title Policy shall also contain any reinsurance and endorsements required by Agent including without limitation creditors' rights, negative amortization, survey, access, tax parcel, subdivision, contiguity, non-imputation, variable rate, usury, last dollar, first loss, tie-in, subsequent disbursements and extended coverage endorsements (Comprehensive Form 1), to the extent available in the state where the respective Property is located.
TITLE POLICY AND ENDORSEMENTS. Agent shall have received a commitment for title insurance in an amount and issued by a title insurance company satisfactory to Agent. On the Closing Date, Agent shall receive title insurance policies (collectively, the "TITLE POLICY"), acceptable to Agent, insuring marketability of title and insuring that the lien of each of the Mortgages is a valid first lien on the respective Property, subject only to exceptions to title approved by Agent. The Title Policy shall also contain any reinsurance and endorsements required by Agent including without limitation creditors' rights, zoning 3.1 (with parking), negative amortization, survey, access, tax parcel, subdivision, contiguity, non-imputation, variable rate, usury, last dollar, first loss, tie-in, subsequent disbursements and extended coverage endorsements (Comprehensive Form 1), to the extent available in the state where the respective Property is located.
TITLE POLICY AND ENDORSEMENTS. The Lender shall have received a commitment for an ALTA Lender's policy of Title Insurance relating to the Mortgages naming the Lender as the insured, in an amount, containing coverage and otherwise in form and substance satisfactory to the Lender and subject only to those exceptions permitted by the Lender and such other endorsements as the Lender shall reasonably request, in each case in form and substance reasonably satisfactory to the Lender and subject only to those exceptions permitted by the Lender.
