Common use of Extended Coverage Title Policy Clause in Contracts

Extended Coverage Title Policy. Survey. Notwithstanding the -------------------------------------- provisions of Section 7(a), Holder may require that the title policy be an Extended Coverage Title Policy. In that event, Holder shall (i) obtain and provide to the title insurer any survey that the title insurer might require in order to issue the title policy as an Extended Coverage Title Policy and (ii) pay the increase in the premium attributable to the extended coverage. Within three days after Escrow opens, Owner shall send to Holder a copy of the most recent survey (if any) of the Offered Parcel that Owner has in its possession.

Appears in 2 contracts

Sources: Agreement for Sale of Real Estate (Discovery Investments Inc), Agreement for Sale of Real Estate (Discovery Investments Inc)