Common use of Defects in Title Clause in Contracts

Defects in Title. If the title commitment discloses exceptions relating to title other than those allowed herein, Seller(s) shall upon written demand therefor have thirty (30) days from the date of such demand to remove these exceptions. If Seller(s) fail (s) to have these exceptions removed within this time, Buyer(s) may elect to terminate this Contract by notice in writing to Seller(s) and recover all monies paid to Seller(s) hereunder or to take title as it then is with the right to deduct from the purchase price Liens or encumbrances of a definite or ascertainable amount as Buyer (s) sole remedy.

Defects in Title. If the title commitment discloses exceptions relating to title other than those allowed herein, Seller(s) shall upon written demand therefor have thirty (30) days from the date of such demand to remove these exceptions. If Seller(s) fail (s) to have these exceptions removed within this time, Buyer(s) may elect to terminate this Contract Contractat by notice in writing to Seller(s) and recover all monies paid to Seller(s) hereunder or to take title as it then is with the right to deduct from the purchase price Liens or encumbrances of a definite or ascertainable amount as Buyer (s) sole remedy.