Common use of Title to Land Clause in Contracts

Title to Land. At the time of recordation of the AHIF Deed of Trust, Borrower shall have good and marketable leasehold interest title to the Property, the Property Owner shall have good and marketable fee title to the Property, and there will exist thereon or with respect thereto no mortgage, lien, pledge or other encumbrance of any character whatsoever other than the liens related to the VHDA Senior Loan, the VHDA Gap Loan, the Property Owner Loan, and liens for current real property taxes and assessments not yet due and payable, and liens in favor of the County Board or approved in writing by the County Board.

Title to Land. At the time of recordation of the AHIF Deed of Trust, Borrower shall have good and marketable leasehold interest title to the Property, the Property Owner shall have good and marketable fee title to the Property, Property and there will exist thereon or with respect thereto no mortgage, lien, pledge or other encumbrance of any character whatsoever other than the liens related to the VHDA Permanent Senior Loan, the VHDA Gap Equity Bridge Loan, the Property Owner APAH Subordination Loan, and liens for current real property taxes and assessments not yet due and payable, construction completion bonds required to be obtained by the Borrower, and liens in favor of the County Board or approved in writing by the County Board.

Title to Land. At the time of recordation of the AHIF Deed of Trust, Borrower shall have a good and marketable leasehold interest title to the Property, in the Property Owner shall have good and marketable fee title to the Property, and there will exist thereon or with respect thereto no mortgage, lien, pledge or other encumbrance of any character whatsoever other than the liens or encumbrances related to the VHDA Condominium Documents, Senior Debt, the APAH Sponsor Subordinate Loan, construction completion bonds required to be obtained by the VHDA Gap Loan, the Property Owner LoanBorrower, and liens for current real property taxes and assessments not yet due and payable, and liens in favor of the County Board or approved in writing by the County Board.

Title to Land. At the time of recordation of the AHIF Deed of Trust, Borrower shall have good and marketable leasehold interest title to the Property, the Property Owner shall have a good and marketable fee title to the Property, Xxxxxx House II Improvements and leasehold interest in the Xxxxxx House II Real Property and there will exist thereon or with respect thereto no mortgage, lien, pledge or other encumbrance of any character whatsoever other than the liens or encumbrances related to the VHDA Senior Debt, Subordinate Lender Loan, construction completion bonds required to be obtained by the VHDA Gap Loan, the Property Owner LoanBorrower, and liens for current real property taxes and assessments not yet due and payable, and liens in favor of the County Board or approved in writing by the County Board.

Title to Land. At the time of recordation of the AHIF Deed of Trust, Borrower shall have a good and marketable leasehold interest title to the Property, in the Property Owner shall have good and marketable fee title to the Property, and there will exist thereon or with respect thereto no mortgage, lien, pledge or other encumbrance of any character whatsoever other than the liens or encumbrances related to the VHDA Senior Condominium Documents, Capital One Construction Loan, the VHDA Gap APAH Sponsor Subordinate Loan, construction completion bonds required to be obtained by the Property Owner LoanBorrower, and liens for current real property taxes and assessments not yet due and payable, and liens in favor of the County Board or approved in writing by the County Board.