Common use of Deeds Clause in Contracts

Deeds. Duly executed special warranty deeds, in recordable form, transferring good and marketable fee simple title to the Real Property Owned, subject only to Permitted Encumbrances, and such affidavits or other instruments as Purchaser's title insurance company may reasonably request, including but not limited to (i) exceptions for (A) judgments, bankruptcies, taxes and municipal claims, (B) parties in possession other than current occupants pursuant to agreements with Seller and (C) mechanics' or materialmens' liens and (ii) payoff letters, lien releases and satisfaction pieces and (iii) gap indemnities;