Abstract of Title Sample Clauses
The "Abstract of Title" clause requires the provision of a summary document that outlines the history of ownership and any recorded interests or encumbrances affecting a particular property. Typically, this abstract includes a chronological list of transfers, liens, easements, and other relevant legal actions drawn from public records. By compiling this information, the clause ensures that all parties have a clear understanding of the property's legal status, helping to identify potential issues with title and facilitating a smoother transfer of ownership.
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Abstract of Title. Upon request, the District will furnish an Abstract of Title to the Buyer. The Buyer will have fifteen (15) days after receipt of the abstract to examine the title and to make any objections to title. The Buyer must make any objections in writing. Any objections not made in writing will be ineffective. If the Buyer makes any objections, the District will have thirty (30) days to make the title marketable. Pending correction of title, the payments required by this Agreement will be postponed. Within fifteen (15) days after written notice to the Buyer that the District has corrected the title, the parties shall perform this Agreement according to its terms. If the title is not marketable and is not made so within thirty (30) days from the date of written objections, this Agreement will be null and void at the option of the Buyer, and neither party will be liable for damages to the other. The District will refund all money paid by the Buyer.
Abstract of Title. Upon execution of this Agreement, the Developer shall promptly submit an updated abstract of title at the cost of the Developer for the Developer Property to the City for examination. The abstract shall show marketable title in the Developer, free and clear of all liens, restrictions, and encumbrances (other than those identified herein), in conformity with this Agreement, Iowa law, and title standards of the Iowa State Bar Association. The Developer shall make every reasonable effort to promptly perfect reasonable objections to title. If Closing is delayed due to the Developer's inability to provide marketable title, this Agreement shall continue in force and effect until either party rescinds the Agreement after giving ten (10) days written notice to the other party. The abstract shall become the property of the City upon Closing and when the purchase price is paid in full. The City will be responsible for costs related to an Attorney Title Opinion, or title insurance. Developer shall pay the costs of the recording of the General Warranty Deed, in the form attached hereto as Exhibit 6.3, and any additional abstracting and title work due to any act or omission of the Developer.
Abstract of Title. Seller shall promptly prepare and continue an abstract of title to the Property and deliver it to Buyer for examination. Seller shall pay for the cost associated with the updating of the abstract. The abstract of title shall show merchantable title in Seller to the Property in conformity with this Agreement, the Land Title Law of the State of Iowa and the Iowa Land Title Standards of the Iowa State Bar Association. Upon Closing, the abstract of title to the Property shall become the property of Buyer. Sellers shall pay all costs for any additional abstracting and/or title work due to any act or omission of Sellers. ▇▇▇▇▇ should deliver to Seller a copy of the title opinion of ▇▇▇▇▇’s counsel, and Seller shall have a reasonable time thereafter, not to exceed the greater of until the scheduled closing or thirty (30) days, to correct any title objections. If Seller shall fail to have such objections removed prior to closing, Buyer may, at its sole discretion, either (i) terminate this Agreement without liability on its part, and in which event it shall receive a refund of its ▇▇▇▇▇▇▇ Money; (ii) if the objections or judgments or the acquisitions of others’ interest in the Property which may be removed by the expenditure of sums of money, take title to the Property, discharge such objections, and receive a credit against the Purchase Price for the amounts so expended; or (iii) take title subject to such objections. At closing, the abstract(s) of title shall become the property of Buyer. Seller shall pay the costs of any additional abstracting and title work due to any act or omission of Seller, including transfer by Seller or the death of ▇▇▇▇▇▇’s grantor or Seller’s successors or assigns, if any. Any title matters not objected to by Buyer shall be deemed “Permitted Exceptions.”
Abstract of Title. Seller, at its expense, shall promptly obtain an abstract of title for the Real Estate continued through a date within thirty (30) days of the closing date and deliver it to Buyer for examination. It shall show merchantable title in Seller in conformity with this agreement, Iowa Law & Title Standards of the Iowa State Bar Association. The abstract shall become the property of the Buyer when the purchase price is paid in full. Seller shall pay the cost of any additional abstracting and title work due to any act or omission of Seller.
Abstract of Title. In the event of notice of exercise of an option contained herein by the Optionee, Owners, at their expense, shall promptly obtain an Abstract of Title to the real estate continued through the date of exercise of option by the Optionee, and deliver it to the Optionee for examination. It shall show merchantable title in the Owners in conformity with this agreement, Minn law and Title Standards of the Minn State Bar Association. The abstract shall become the property of the Optionee when the purchase price is paid in full.
Abstract of Title. The Seller does not have an Abstract of Title to the Property. The Buyer is responsible for the cost of providing an updated abstract for the Property.
Abstract of Title. IWRA has caused a continuation of the abstract of title for the Real Property (the "ABSTRACT OF TITLE") to be completed and delivered to the Law Offices of ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Attorney at Law, HBR's Iowa local counsel ("HBR'S LOCAL COUNSEL"). HBR's Local Counsel has examined and prepared an attorney's title opinion (the "TITLE OPINION") addressed to Fidelity National Title Insurance Company (in such capacity, "TITLE COMPANY"). The Abstract of Title shall become the property of HBR on the Closing Date, and shall show marketable title, subject to "Permitted Exceptions" (as defined below) in conformity with this Agreement, the land title law of the State of Iowa, and the Iowa Title Standards of the Iowa State Bar Association.
Abstract of Title. Developer shall provide an Abstract of Title on the Development Property and Lease Purchase Improvements for examination by City at least 60 days prior to the date of the final lease payment hereunder, after which the City shall have 30 calendar days to examine same and issue a preliminary title opinion. The Abstract shall become the property of the City at the time of delivery of the deed. The Developer shall take all reasonable actions requested by City to provide marketable title to the Development Property and the Lease Purchase Improvements. Developer shall warrant the Development Property and the Lease Purchase Improvements against the lawful claims of all persons claiming by, through or under Developer, subject to all Permitted Encumbrances. Developer shall further warrant that it is lawfully seised of the Development Property and the Lease Purchase Improvements and that it has legal power and authority to convey the same to the City. Except as otherwise specifically set forth herein, Developer will make no warranties or representations as to the condition of the Development Property or the Lease Purchase Improvements, and City agrees to accept them in “As Is” condition, based at least in part upon the City’s primary obligation to operate and maintain the Development Property or the Lease Purchase Improvements during the Lease Term.
Abstract of Title. Seller has delivered to Buyer the abstract of title for the Land, continued to September 12, 2014, and will deliver a “gap search” at time of Closing revealing the absence of any intervening liens or encumbrances occurring after September 12, 2014. The abstract of title for the Land shall belong to Buyer at Closing.
Abstract of Title. In the event of notice of exercise of an option contained herein by the Optionee, Owners, at their expense, shall promptly obtain an Title Insurance to the real estate in an amount equal to the purchase price herein established, and Owner shall deliver to the Optionee at Title Commitment for examination as soon as possible upon receiving Notice of intent to purchase. It shall show merchantable title in the Owners in conformity with this agreement, Nebraska law and the Title Standards.