Fee Simple Clause Samples

Fee Simple. With respect to a Land Home Contract, the Mortgage creates a first lien or a first priority ownership interest in an estate in fee simple in real property securing the related Mortgage Note;

Fee Simple. The LLC Disclosure Schedule sets forth a description of each parcel of real property owned by any Company and identifies which Company owns such real property, including, but not limited to, those properties reflected on the LLC Financial Statements (the "REAL PROPERTY"), together with a summary description of the buildings, structures and improvements thereon. Such Company has good and marketable title in fee simple absolute to all Real Property, and to the buildings, structures and improvements thereon, in each case free and clear of all Liens other than Permitted Liens. Except for such leases, licenses and other interests as are particularly described in the LLC Disclosure Schedule, such Company has not granted any leases, licenses or other interests in the Real Property or any part thereof. All leases, licenses or other interests disclosed therein are current, in good standing, and no Company is in default thereunder.

Fee Simple. Except with respect to Second Lien Mortgage Loans, the Mortgage creates a first lien or a first priority ownership interest in an estate in fee simple in real property securing the related Mortgage Note (except as provided for in clause (k) below). With respect to a Second Lien Mortgage Loan, the Mortgage creates a second lien or a second priority ownership interest in an estate in fee simple in real property securing the related Mortgage Note (except as provided for in clause (k) below).

Fee Simple. The Disclosure Schedule to this Section sets forth a description of each parcel of real property owned by the Company (the "Real Property"), together with a summary description of the buildings, structures and improvements thereon. Except as set forth in the Disclosure Schedule to this Section, the Company has good, indefeasible and marketable title in fee simple absolute to all Real Property, including but not limited to those properties reflected on the Company Financial Statements, and to the buildings, structures and improvements thereon, in each case free and clear of all Liens other than Permitted Liens. Except as set forth in the Disclosure Schedule to this Section, the Company has not granted any leases on, and there are no tenancies on, the Real Property.

Fee Simple. Mesa shall use its best efforts to cause the Arizona Property to be owned in fee simple by Mesa by the Closing. In addition, Mesa shall use its best efforts to enter into a binding agreement as soon as practicable after the date hereof with the owner of the Arizona Property to so convey the Arizona Property to Mesa on or before the Closing.

Fee Simple. BEGINNING at a point in the westerly margin of the right-of-way of Old Pineville Road in a corner of the land conveyed to ▇. ▇▇▇▇▇▇▇ Clerk, et al., by deed recorded in Book 4712, Page 354, Mecklenburg County Public Registry, which point is located North 01-56-48 West 119.15 feet from a top iron in the westerly margin of the right-of-way of Old Pineville Road marking the northeasterly corner of the property designated as Lot 3 in Block 2 on the revised map of MAPLEHURST, Section 1, recorded in Map Book 3 at Page 208 in the Office of the Register of Deeds for Mechlenburg County, North Carolina, which lot was conveyed to ▇. ▇. ▇▇▇▇▇▇▇▇ Co., Inc. by deed recorded in Book 2062, Page 455, in the Office of the Register of Deeds for Mechlenburg County, North Carolina, and running thence with the boundary of the ▇▇▇▇▇, et al., Land, two (2) to a point; and (2) North 02-02-45 West 195.50 feet to a point in the southerly margin of the right-of-way of Woodlawn Road; thence with the southerly margin of the right-of-way of Woodlawn Road, the following three (3) courses and distances as follows: (1) South 66-58-56 East 12.61 feet to an existing concrete monument; (2) South 69-57-08 East 148.12 feet to an existing concrete monument; and (3) with the arc of a circular curve to the right having a radius of 25 feet, an arc distance of 29.54 feet to an existing concrete monument located in the westerly margin of the right-of-way of Old Pineville Road; thence with the westerly margin of the right-of-way of Old Pineville Road two (2) courses and distances as follows: (1) South 02-15-03 East 80.89 feet to a top iron; and (2) South 01-56-48 East 30.34 feet to the point or place of BEGINNING and containing .608 acre or 26,482.70 square feet, according to survey of ▇.

Fee Simple. The Disclosure Schedule to this Section 6.4(b)(i) sets forth a legal description of each parcel of real property owned by any Company and identifies which Company owns such real property, including but not limited to those properties reflected on the LLC Financial Statements, (the "Real Property"), together with a summary description of the buildings, structures and improvements thereon. Except as set forth in the Disclosure Schedule to this Section 6.4(b)(i), such Company has good and marketable title in fee simple absolute to all Real Property, and to the buildings, structures and improvements thereon, in each case free and clear of all Liens other than Permitted Liens. Except for such leases and tenancies as are particularly described in the Disclosure Schedule to this Section 6.4(b)(i), such Company has not granted any leases on, and there are no tenancies of, the Real Property or any part thereof.

Fee Simple. The Seller agrees to sell and the Buyer agrees to buy an estate in fee simple in the Lot on the terms in this Contract.

Fee Simple. The Acquired Assets do not include and the Business is not dependent upon any real property owned by Seller or any of its Affiliates.