Title Objections; Permitted Encumbrances. Seller is responsible for obtaining satisfaction of any mortgage(s) or other monetary lien placed on the Property after title was conveyed to Seller pursuant to the Acquisition Agreement. Any other title objections of Buyer must be contained in Buyer's Notice of Exercise of the Option or deemed waived. No objections shall be made for the following "PERMITTED ENCUMBRANCES":
Appears in 2 contracts
Sources: Option Agreement (Lundgren Bros Construction Inc), Option Agreement (Lundgren Bros Construction Inc)