Title Commitment. On the Effective Date, Seller shall order (and deliver to Purchaser upon receipt of same) # a written commitment from the Title Company to issue its ALTA Title Insurance Policy relating to the Real Property in an amount equal to the Purchase Price (the “Title Commitment”) and # an update to the Boundary Survey prepared by George F. Young, Inc., identified as Job No. [[Unknown Identifier]] and dated August 30, 2017 (the “Survey”). The Title Commitment delivered hereunder shall be conclusive evidence of good and marketable title as therein shown, subject only to those exceptions as therein stated.
Title Commitment. Onand Survey. As of the Effective Date, Seller shall order (andhas caused the Title Agent to deliver to Purchaser upon receipt of same) # a written commitment from2021 ALTA Form Commitment (“Title Commitment”) for an owner's title insurance policy (“Title Policy”) issued by the Title Company to issue its ALTA Title Insurance Policy relating to the Real Property in an amount equal tono less than the Purchase Price (the “Title Commitment”) and # an update toPrice, together with all exception documents referenced in [Schedule B], Part II of the Boundary Survey prepared by George F. Young, Inc., identified as Job No. and dated (the “Survey”).Title Commitment. The Title Commitment shall evidence that Seller is vested with fee simple title to the Land and that upon the execution, delivery and recordation of the Deed to be delivered at the Closing provided for hereunder and the satisfaction of all requirements specified in [Schedule B], Part I of the Title Commitment, Purchaser shall be conclusive evidence of good and marketableacquire fee simple title as therein shown,to the Land, subject only to those exceptions as therein stated.the Permitted Exceptions.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.