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TITLE INSURANCE. RECORD TITLE AND OFF -RECORD TITLE <br />The Parties have select a Fidelity National Title Insurance Company to furnish the owner's title insurance <br />policy at Seller's expense. Seller must furnish Buyer a current commitment for an owner's title insurance <br />policy (Title Commitment), in an amount equal to the Purchase Price. Seiler will cause the title insurance <br />policy to be issued and delivered to Buyer as soon as practicable at or after Closing. <br />Title Documents consist of the following: (1) copies of any plats, declarations, covenants, easements <br />conditions and restrictions burdening the Property, and (2) copies of any other documents for, if <br />illegible, summaries of such documents) listed in the schedule of exceptions (Exceptions) in the Title <br />Commitment furnished to Buyer (collectively, Title Documents). <br />Buyers objection may be based on any unsatisfactory form or content of Title Cam mitment <br />notwithstanding, or any other unsatisfactory title condition, in Buyer's sole subjective discretion. Buyer <br />has until ten days after receipt of such documents to review and object to: (1) any required Title <br />Document not timely received by Buyer, (Z) any change to the Title Commitment or Title Documents, or <br />(3) any endorsement to the Title Commitment. If Seller has fulfilled all Seller's obligations, if any, to <br />deliver to Buyer all documents required and Seller does not receive Buyer's Notice to Terminate or <br />Notice of Title Objection prior to Closing, Buyer accepts the condition of title as disclosed by the Title <br />Commitment and Title Documents as satisfactory. <br />Seller must deliver to Buyer true copies of all existing surveys in Seller's possession pertaining to the <br />Property and must disclose to Buyer all easements, liens (including, without limitation, governmental <br />improvements approved, but not yet installed) or other title matters (including, without limitation, <br />rights of first refusal and options) not shown by public records, of which Seiler has actual knowledge. <br />Buyer has the right to inspect the Property to investigate if any third party has any right in the Property <br />not shown by public records (e.g., unrecorded easement, boundary line discrepancy or water rights). <br />SPECIAL TAXING DISTRICTS MAY BE SUBJECT TO GENERAL OBLIGATION INDEBTEDNESS THAT IS PAID BY <br />REVENUES PRODUCED FROM ANNUAL TAX LEVIES ON THE TAXABLE PROPERTY WITHIN SUCH DISTRICTS, <br />PROPERTY OWNERS IN SUCH DISTRICTS MAY BE PLACED AT RISK FOR INCREASED MILL LEVIES AND TAX <br />TO SUPPORT THE SERVICING OF SUCH DEBT WHERE CBS4.8-13. CONTRACT TO BUY AND SELL REAL <br />ESTATE (LAND) Page 8 of 17 CIRCUMSTANCES ARISE RESULTING IN THE INABILITY OF SUCH A DISTRICT <br />TO DISCHARGE SUCH INDEBTEDNESS WITHOUTSUCH AN INCREASE IN MILL LEVIES. BUYERS SHOULD <br />INVESTIGATE THE SPECIALTAXING DISTRICTS IN WHICH THE PROPERTY IS LOCATED BY CONTACTING <br />THE COUNTY TREASURER, BY REVIEWING THE CERTIFICATE OF TAXES DUE FOR THE PROPERTY, AND BY <br />OBTAINING FURTHER INFORMATION FROM THE BOARD OF COUNTY COMMISSIONERS, THE COUNTY <br />CLERIC AND RECORDER, OR THE COUNTY ASSESSOR. <br />Buyer has the Right to Terminate on or before Closing based on arty unsatisfactory effect of the Property <br />being located within a special taxing district, in Buyer's sole subjective discretion. <br />V CP <br />