Common use of Title to Owned Real Property Clause in Contracts

Title to Owned Real Property. With respect to the Real Property, title to such Real Property is, and at Closing shall be, good and marketable, fee simple absolute, free and clear of all Encumbrances other than Permitted Liens. At Closing, title to the Real Property owned by the Seller shall be insurable by any title insurance company selected by the Purchaser, at such company's regular rates (as paid for by the Purchaser) pursuant to an ALTA 1987 owner's form of policy, to the extent available, free of all exceptions except Permitted Liens.

Title to Owned Real Property. With respect Title to the Real Property, title to such Owned Real Property is, and at Closing shall be, good and marketable, fee simple absolute, free and clear of all Encumbrances Liens, adverse claims and other than Permitted Liens. At Closing, matters affecting E▇▇▇▇▇▇▇▇’▇ title to or possession of such Owned Real Property, including all encroachments, boundary disputes, covenants, restrictions, easements, rights of way, mortgages, security interests, leases, encumbrances and title objections, excepting only the Real Property owned by the Seller shall be insurable by any title insurance company selected by the Purchaser, at such company's regular rates (as paid for by the Purchaser) pursuant to an ALTA 1987 owner's form of policy, to the extent available, free of all exceptions except Permitted Liens.