Common use of CONVEYANCE AND CLOSING Clause in Contracts

CONVEYANCE AND CLOSING. Within 20 Days from acceptance, or upon repair of any deficiency in building condition by Seller, or within 5 days of receipt of assumption materials from seller's lending institution by closing agent, whichever is later, both parties shall deposit with the authorized escrow holder, selected by the Buyer, all funds and instruments necessary to complete the sale in accordance with the terms hereof. Seller shall be responsible for deed(s) preparations and shall ▇▇▇▇▇ marketable title to the REAL ESTATE by deed of general warranty, on or before Oct. 13. 2005, or at such sooner time as mutually agreeable to the parties hereto, free, clear and unencumbered, as of Closing, except restrictions and easements of records which do not adversely affect the use of REAL ESTATE. Seller shall have the right to remove liens at the Closing out of the Purchase Price on or before Oct. 13. 2005.