Parcel C Title Policy means ALTA lender’s policies of title insurance in favor of Authority in the amount of THREE HUNDRED AND FIFTY THOUSAND DOLLARS AND NO CENTS ($350,000).
Title Policy shall have the meaning set forth in Section 4.2.
Existing Title Policy means, the existing title insurance policy for the Property.
Title Policies has the meaning set forth in Section 6.17.
Owner’s Title Policy means those certain ALTA extended coverage owner’s policies of title insurance issued in connection with the closing of the Mortgage Loan insuring the Mortgage Borrower as the owner of the Property.
Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.
Title Insurance An American Land Title Association (ALTA) mortgage loan title policy form 1970, or other form of Title Insurance Policy acceptable to FNMA or FHLMC, including all riders and endorsements thereto, insuring that the Security Instrument constitutes a valid first lien on the related Mortgaged Property subject only to permitted encumbrances.
Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.
Title Insurer means Chicago Title Insurance Company.
ALTA means American Land Title Association, or any successor thereto.
Title Commitment shall have the meaning set forth in Section 4.2.
Title Commitments has the meaning set forth in Section 5.9.
Title Company means First American Title Insurance Company.
Existing Mortgage has the meaning specified in Section 5.02(a)(vi).
CLTA The California Land Title Association.
Closing Date Mortgaged Property as defined in Section 3.1(h).
Survey means a survey of the Property prepared by a surveyor licensed in the State and satisfactory to Lender and the company or companies issuing the Title Insurance Policy, and containing a certification of such surveyor satisfactory to Lender.
Title insurance agent means an agent licensed in this Commonwealth to solicit, negotiate, procure,
Permitted Exceptions shall have the meaning set forth in Section 4.3.
Title Insurance Company as defined in Section 6.1(o).
Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.
Release Property shall have the meaning set forth in Section 2.6 hereof.
Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.
Mortgage Policies has the meaning specified in Section 6.13(b)(ii).
Permitted Exception means that, with respect to any representation, warranty or covenant with respect to the interest of the Buyer and its assignees in the ARSC Purchased Assets or any Servicer Default, that (i) prior to recordation (A) pursuant to Section 8.3 of this Agreement and/or Section 2.01(d)(i) of the Transfer and Servicing Agreement or (B) upon the sale of a Home to an Ultimate Buyer, record title to such Home may remain in the name of the related Transferred Employee, and no recordation in real estate records of any mortgage or any conveyance pursuant to the related Home Purchase Contract or Home Sale Contract in favor of any Transaction Party or any of the Buyer’s assignees and assigns pursuant to the Receivables Purchase Agreement will be made except as otherwise permitted under Section 2.01(d)(i) of the Transfer and Servicing Agreement and (ii) no delivery of any Home Purchase Contracts, Home Deeds and Equity Loan Notes to any custodian will be required.
Mortgage Policy has the meaning specified in Section 4.01(a)(iv)(B).
Title Report has the meaning set forth in Section 5.4(b).