SECTION 1031 EXCHANGE ADDENDUM
TITLE POLICY
This Addendum is made to the Purchase And Sale Agreement, which is entitled _________________________________________, dated, between _________________________________________ (as Buyer/Exchangor) and _________________________________________ (as Seller).
IT IS, THEREFORE, AGREED BETWEEN BUYER AND SELLER AS FOLLOWS:
The closing agent is instructed to retain funds for the purchase of the title policy in escrow until the property is subsequently transferred from the Intermediary to the Buyer/Exchangor. At the subsequent transfer of title, the funds will be used to purchase a title policy for the benefit of the Buyer/Exchangor.
All other provisions of the Purchase And Sale Agreement remain in full force and effect.
Seller ______________________ Date __________
Seller ______________________ Date __________
Buyer ______________________ Date __________
Buyer ______________________ Date __________