Title Insurance Commitment

Title Insurance Commitment. The title insurance company (the "Title Company") hereby commits to issue a policy of title insurance in accordance with the terms and conditions of this Commitment. Schedule A identifies the proposed insured, the amount of the policy, the interest in the property to be insured, and the estate or interest in the land described herein. Schedule B, Section 1 sets forth the requirements that must be met before the Title Company will issue the policy, including: (a) payment of the full consideration to the Seller; (b) instruments creating the estate or interest to be insured must be executed, delivered, and recorded; (c) payment of all applicable taxes, assessments, and charges; and (d) satisfaction of all requirements set forth in the Commitment. Schedule B, Section 2 sets forth the exceptions from coverage, which may include but are not limited to: liens, encumbrances, easements, restrictions, covenants, conditions, mineral reservations, rights of way, and any matters that would be disclosed by an accurate survey and inspection of the property. The Buyer shall have a period of [number] days from receipt of this Commitment to review and object to any exceptions. Any exceptions not objected to within this period shall be deemed accepted by the Buyer.