Warranties of Grantor. Grantor, for itself and its successors and assigns, does hereby represent, warrant and covenant to and with Beneficiary, its successors and assigns, that:
Warranties of Grantor. Grantor, for itself and its successors and assigns, does hereby represent, warrant and covenant to and with Grantee, its successors and assigns, that:
Warranties of Grantor. Grantor represents to Beneficiary and agrees to that:
Warranties of Grantor. 8 1.2 Defense of Title.......................................................................................12
Warranties of Grantor. Grantor covenants and warrants that the Grantor owns 100% right, title and interest in the Mining Properties and has not veyed or otherwise encumbered any right in or to ores and minerals, including coal, oil, gas, oil shale and other hydrocarbons situated in, upon or under the Mining Properties, except for the surface title ownership as previously noted. Grantor further covenants and warrants that there are no outstanding royalty obligations or other payment obligations with relation to ores and minerals, including coal, oil, gas, oil shale and other hydrocarbons situated in, upon or undero the Mining. Properties. Grantor agrees that if examination of title reveals or discloses any matter which adversely affects Grantor's title that Grantor, if requested by Grantee, will promptly, and in any event within ninety (90) days of notice from Grantee take such action as is necessary to clear such title defect at no additional cost to the Grantee and if such title defe cannot be cleared, Grantee shall either waive the clearance of the defect and accept title as is, or permit the Grantor to termir this option by returning any monies paid to the Grantor hereunder Grantor makes no warranties as to title or ownership of the Mining Properties other than as specified in this section.
