Extract to table

The purpose of this letter is to (a) identify those title exceptions appearing in Schedule B of the Commitment that must be removed, cured, or affirmatively insured over as a condition to closing, (b) request specific title endorsements required by both the Purchaser and the Lender, (c) set forth our review and objections with respect to matters shown on the Survey, and (d) confirm certain additional requirements that must be satisfied in connection with the issuance of the Owner's and Lender's title insurance policies at closing

00 Effective Date: The date and time of recording of the bargain and sale deed conveying title to the Property from Seller to Purchaser with the Office of the City Register of the City of New York, New York County The Owner's Policy shall be subject only to those exceptions specifically approved and accepted by Purchaser as set forth herein or as may be subsequently agreed upon in writing

All standard or printed exceptions shall be deleted or modified as set forth in Section 5 below, and the Owner's Policy shall include the endorsements requested in Section 7 below

The Lender's Policy shall include all endorsements specified in Section 7

If corrective instruments are required, Seller must execute and deliver the same at or prior to closing as a condition to the Purchaser's obligation to close

All such existing mortgages and security interests must be satisfied and discharged of record at or prior to closing, from Seller's share of the closing proceeds