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Fee Simple Sample Clauses

The Fee Simple clause defines the highest form of property ownership, granting the holder full and unconditional rights to possess, use, and transfer the property indefinitely. In practice, this means the owner can sell, lease, or bequeath the property without restrictions tied to time or specific conditions, subject only to applicable laws and regulations. This clause ensures clear and absolute ownership, minimizing disputes over property rights and providing certainty for both current and future transactions.
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Fee Simple.ÌýWith respect to a Land Home Contract, the Mortgage creates a first lien or a first priority ownership interest in an estate in fee simple in real property securing the related Mortgage Note;
Fee Simple.ÌýThe LLC Disclosure Schedule sets forth a description of each parcel of real property owned by any Company and identifies which Company owns such real property, including, but not limited to, those properties reflected on the LLC Financial Statements (the "REAL PROPERTY"), together with a summary description of the buildings, structures and improvements thereon. Such Company has good and marketable title in fee simple absolute to all Real Property, and to the buildings, structures and improvements thereon, in each case free and clear of all Liens other than Permitted Liens. Except for such leases, licenses and other interests as are particularly described in the LLC Disclosure Schedule, such Company has not granted any leases, licenses or other interests in the Real Property or any part thereof. All leases, licenses or other interests disclosed therein are current, in good standing, and no Company is in default thereunder.
Fee Simple.ÌýUnless the Mortgage Loan is covered by the representation and warranty in the immediately following paragraph (xlv), the Mortgage Loan is secured in whole or material part by a fee simple interest.
Fee Simple.ÌýAll that certain lot or parcel of land situate in the Xxxxxxxxxxx Xxxxxxxx, Xxxx xx Xxxxxx, Xxxxxx of Wood, State of West Virginia, more particularly bounded and described as follows: Beginning at a point on the Westerly right of way line of the Baltimore & Ohio Railroad, said point being common to a concrete monument on the line dividing lands now or formerly of Par-Progress, Inc. and lands now or formerly of Xxxx Lincoln Mercury, Inc.; thence from said point of beginning by the Westerly right of way line of the Baltimore & Ohio Railroad South 07º 30' 30â€� West a distance of 636.08 feet to a point; thence by the line dividing lands now or formerly of Par-Progress, Inc. and lands now or formerly of Soffer, Lewis, Xxxxx, and Xxxxxxx North 61º 17' 30â€� West a distance of 319.19 feet to a point on the meander line of the back channel of the Ohio River; thence by the Easterly meander line of the back channel of the Ohio River North 14º 03' 02â€� East a distance of 390.00 feet to a point; thence by same North 06º 38' 30â€� East a distance of 225.25 feet to a point; thence by the line dividing lands now or formerly of Par-Progress, Inc. and lands now or formerly of Xxxx Lincoln Mercury, Inc. South 62º 45' 30â€� East a distance of 272.57 feet to the concrete monument at the point of beginning. Contains: 169,465.89 square feet or 3.890 acres. All that certain lot or parcel of land, being the 4.744 acre Lot 1 Revised in the 6.358 Acre Lot Split, Grand Central Mall Plan of Lots, recorded in Plan Book Volume 00, Xxxx 00, Xxxx Xxxxxx, Xxxx Xxxxxxxx, situate in the Xxxxxxxxxxx Xxxxxxxx, Xxxx xx Xxxxxx, Xxxxxx of Wood, State of West Virginia, more particularly bounded and described as follows: Continued... Lot 1 - Fee Simple, Continued... Beginning at a point on the westerly right of way line of Grand Central Avenue, West Virginia Route 14, Variable Width, said point being on the easterly line of Xxx 0 xx xxx 0.000 Xxxx Xxx Xxxxx, Xxxxx Xxxxxxx Mall Plan of Lots recorded in Plan Book Volume 00, Xxxx 00, Xxxx Xxxxxx, Xxxx Xxxxxxxx; thence along the westerly right of way line of Grand Central Avenue, West Virginia Xxxxx 00, Xxxxxxxx Xxxxx, Xxxxx 00°00'00" East, 301.28' to a point on the easterly line of property of now or formerly Grand Central Limited Partnership, Parcel I, recorded in Deed Book 000, Xxxx 000, Xxxxxxxxx Xxxxxx, Xxxx Xxxxxx: thence along the easterly line of property of now or formerly Grand Central Limited Partnership, Parcel I, the following six (6) courses and...
Fee Simple.ÌýEach Mortgaged Property consists of an estate ---------- in fee simple in real property improved by a multifamily, office, retail, industrial or other commercial building owned by the related Mortgagor.
Fee Simple.ÌýBeginning at a point, said point being the intersection of the westerly sideline of First Street, and the northerly sideline of Thorndike Street in the City of Cambridge, County of Middlesex, Commonwealth of Massachusetts, bounded and described as follows:
Fee Simple.ÌýWith respect to those Properties Sellers own in fee simple, if any, Sellers are in exclusive possession of and own such Properties free and clear of all encumbrances or defects in title except those specifically identified in Section 1.1 or Exhibit A.
Fee Simple.ÌýBEGINNING at a point in the westerly margin of the right-of-way of Old Pineville Road in a corner of the land conveyed to X. Xxxxxxx Clerk, et al., by deed recorded in Book 4712, Page 354, Mecklenburg County Public Registry, which point is located North 01-56-48 West 119.15 feet from a top iron in the westerly margin of the right-of-way of Old Pineville Road marking the northeasterly corner of the property designated as Lot 3 in Block 2 on the revised map of MAPLEHURST, Section 1, recorded in Map Book 3 at Page 208 in the Office of the Register of Deeds for Mechlenburg County, North Carolina, which lot was conveyed to X. X. Xxxxxxxx Co., Inc. by deed recorded in Book 2062, Page 455, in the Office of the Register of Deeds for Mechlenburg County, North Carolina, and running thence with the boundary of the Xxxxx, et al., Land, two (2) to a point; and (2) North 02-02-45 West 195.50 feet to a point in the southerly margin of the right-of-way of Woodlawn Road; thence with the southerly margin of the right-of-way of Woodlawn Road, the following three (3) courses and distances as follows: (1) South 66-58-56 East 12.61 feet to an existing concrete monument; (2) South 69-57-08 East 148.12 feet to an existing concrete monument; and (3) with the arc of a circular curve to the right having a radius of 25 feet, an arc distance of 29.54 feet to an existing concrete monument located in the westerly margin of the right-of-way of Old Pineville Road; thence with the westerly margin of the right-of-way of Old Pineville Road two (2) courses and distances as follows: (1) South 02-15-03 East 80.89 feet to a top iron; and (2) South 01-56-48 East 30.34 feet to the point or place of BEGINNING and containing .608 acre or 26,482.70 square feet, according to survey of X.
Fee Simple.ÌýThe Acquired Assets do not include and the Business is not dependent upon any real property owned by Seller or any of its Affiliates.
Fee Simple.ÌýThe Disclosure Schedule to this Section 6.4(b)(i) sets forth a legal description of each parcel of real property owned by any Company and identifies which Company owns such real property, including but not limited to those properties reflected on the LLC Financial Statements, (the "Real Property"), together with a summary description of the buildings, structures and improvements thereon. Except as set forth in the Disclosure Schedule to this Section 6.4(b)(i), such Company has good and marketable title in fee simple absolute to all Real Property, and to the buildings, structures and improvements thereon, in each case free and clear of all Liens other than Permitted Liens. Except for such leases and tenancies as are particularly described in the Disclosure Schedule to this Section 6.4(b)(i), such Company has not granted any leases on, and there are no tenancies of, the Real Property or any part thereof.