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05-92 Purchase Property at 17820 Detroit
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05-92 Purchase Property at 17820 Detroit
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Last modified
5/14/2013 3:06:22 PM
Creation date
9/5/2003 7:40:11 AM
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Office Of Council
Document Type
Ordinances
Date
9/5/2003
Date Adopted
2/18/1992
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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 title 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 /> <br />deleted issued by , <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: (1) zoning ordinances, if any, (2) <br />taxes 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 />adversely affect the use or value of the <br /> <br />materially <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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