Common use of Abstract of Title Clause in Contracts

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.