Common use of Closing of Title Clause in Contracts

Closing of Title. A. At Closing, Seller shall furnish to Buyer a Special Warranty Deed or its local equivalent. B. In the event the Seller is required to provide a gap indemnity to the Title Company, such indemnity shall not exceed ten (10) days. Docusign Envelope ID: EF5167DF-A28D-4237-B143-F04C0FB5BB9F C. Close of Escrow shall not occur on the last three business days of the month. In the event the Closing Date falls on the last three business days of the month or Holiday, the Close of Escrow will be automatically extended to the next business day without further acknowledgement or acceptance needed by the Buyer or Seller. D. The seller requires 48 hours to receive and review the closing package prior to scheduled closing date. If not received, closing to move to the next business day. E. Buyer agrees to transfer or switch all utilities (including water, sewer, gas, electricity, trash) to Buyer’s name on the date of Close of Escrow. F. Post-Close of Escrow, the Seller will not have any further responsibilities or potential liabilities related to Property, including any unknown or contingent obligations that might arise later based on the terms of the Agreement.