Common use of PROOF OF TITLE Clause in Contracts

PROOF OF TITLE. District shall, at its expense, obtain a binder of title insurance written by a title insurer acceptable to District, binding said title insurer to issue, after closing, a policy of title insurance insuring the title to the property to be free and clear of all liens or mortgages and subject only to covenants, conditions, restrictions and easements, if any, recorded in the public records of Clay County, Florida, and subject to matters that would be shown by a current survey of the Property, and current real estate taxes not yet due and payable as of the date of closing.