Examples of ALTA in a sentence
Seller shall provide to Buyer a copy of the most recent ALTA survey covering the Property that is in Seller’s possession.
The Seller shall pay the premium for the standard coverage owner’s policy and Buyer shall pay the difference in premium cost between an ALTA extended coverage and a standard owner's policy and the cost of any endorsements requested by Xxxxx.
Buyer's fee title to the Subject Property, or portions thereof, shall be insured at the applicable close of escrow by an CLTA Standard Coverage Owner's Policy of Title Insurance in the amount of the Purchase Price, issued by Title Company or, at the option of Buyer, an ALTA policy if Buyer performs an ALTA survey at Buyer's cost prior to the Close of Escrow and requires an ALTA Extended Coverage Owner's Policy of Title Insurance (the "Title Policy").
A New Survey in the form of an ALTA LAND SURVEY PLAT is required.
If an owner's title binder can be issued by an ALTA title insurance company at standard rates with standard exceptions for the Beaufort County and surrounding area, title shall be deemed to be marketable.