Common use of Grant Deed Clause in Contracts

Grant Deed. A Grant Deed conveying to Purchaser marketable fee simple title to the Land and Improvements, together with all rights, members, easements, and appurtenances thereof, subject only to the Permitted Exceptions. The legal description set forth in the Grant Deed shall be identical to Exhibit "A" attached hereto. In the event the as-built survey of the Land and Improvements updated by Purchaser shall differ from the legal description set forth on Exhibit "A" hereto, Seller shall, if required by Purchaser, execute and deliver to Purchaser a quitclaim deed containing a legal description based upon such updated as-built survey;