PA STCG Purchaser’s Affidavit

PURCHASER’S AFFIDAVIT

STATE OF PENNSYLVANIA                                                          No

COUNTY OF                                                                                       Premises:

                                                                BE IT KNOWN,   That on the              day of                        , 2020, before me, a Notary Public personally appeared __________________, Who, being duly sworn according to law, did depose and say

                THAT deponent (s) have not entered into any unrecorded leases or agreements affecting premises

                THAT the newly erected building (s) on the premise to be insured is/are completed.

                THAT it is the intention of the deponent (s) to take title as follows:

               

Single ___  Tenants in Common ___   Joint Tenants with Rights of Survivorship ___ Tenants by the Entirety ___

                THAT the deponent (s) is/are of full legal age and has (have) never been declared an incompetent.

                THAT the deponent (s) have not borrowed any money or signed any judgment notes, mortgages, or other obligations excepting such obligation, if any executed herewith.

                THAT deponent(s) is/are not separated and is/are not involved in divorce proceedings.

                THAT there are no support arrearages or support judgments entered against deponent(s) in any jurisdiction.

NOW, THEREFORE, it is agreed that in consideration of the Company’s issuance of its policy effective as of the date closing occurs without making exception therein of matters which may arise between the date of its commitment to issue its policy of title insurance and the date the documents creating the interest being insured have been filed for record, and which matters may constitute an encumbrance on or affect said title, the undersigned agrees to promptly defend, remove, bond or otherwise dispose of any encumbrance, lien, or objectionable matter of title which may arise or be filed, as the case may be, against the captioned premises during the period of time between the date of its commitment to issue its policy of title insurance and the date of recording of all closing instruments, and to hold harmless and indemnify the Company against all expenses, costs and attorney fees, which may arise out of the failure to so remove, bond or otherwise dispose of any said liens, encumbrances or objectionable matters.

 

Further, the undersigned shall be liable for all expenses, costs and attorney fees which may be incurred in the enforcement of this agreement.

This affidavit is made for the purpose of inducing Stewart Title Guaranty Company (“Stewart”) to hold settlement and insure title to the above premises and I/we realize that the Seller, Lender and Stewart are relying on the representations contained herein.  If the undersigned is an entity, I have authority to sign on its behalf.

Sworn to and subscribed before me

This _________ day of _______________A.D. 2020                                 ____________________________________

                                                                                                                                              

                                                                                                                                ____________________________________

__________________________________________

                                                                                Notary Public                        Address_____________________________

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