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89-91 Purchase Agreement 1386 Park Row
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89-91 Purchase Agreement 1386 Park Row
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Last modified
5/14/2013 3:06:35 PM
Creation date
9/5/2003 10:35:54 AM
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Office Of Council
Document Type
Ordinances
Date
9/5/2003
Date Adopted
1/21/1992
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inoperable or unsafe'conditions affecting~the property <br />known to Seller have been disclosed to Buyer and are <br />attached hereto as Exhibit "C". <br /> <br /> 4, a) DEED. Seller shall furnish a general <br />warranty deed.conveying'marketable tit~e to the prOperty <br />to Buyer, subject at the time-of title transfer to: <br />(1) taxes and assessments'which are a lien, but not yet <br />due 'and payable, and (2) such other encumbrances, <br />reservations and exceptions, if any, as are permitted in <br />the title insurance described-below. <br /> <br /> b) TITLE INSURANCE. Seller shall provide <br /> Title Insurance (ALTA Form B) at the time of title <br /> transfer with Schedule B general and printed exceptions <br /> deleted issued by Premier Title Agency, Incorporated <br /> <br /> in the amount of-the' purchase price guaranteeing <br />~marketable title in the Buyer free and clear of all <br /> <br /> title defects,~encumbrances, reservations and exceptions <br /> whatsoever~ except: i (1) zoning ordinances, if any, (2) <br /> taxesi_~and assessments which are a lien, but not_yet due <br /> and payable, (3) such restrictions, conditions, <br /> easements (however created) and encroachments as do not <br /> <br /> adversely affect the use or value of the <br /> <br />'materially <br /> <br /> Property. <br /> <br /> 5. <br /> <br /> CURE OF TITLE DEFECTS, ENCUMBRANCES, <br /> <br />RESERVATIONS AND EXCEPTIONS.. If Seller is-unable to <br />comply with the requirements of subparagraphs 4 (a) and <br /> <br /> 3 <br /> <br /> <br />
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