(1). A complete merchantable abstract of title composed of originals or merchantable copies, or both, brought down to the date of this agreement, showing title of record in proposed grantor.

(2). Guarantee policy of _________ Title Company, in its usual form, guaranteeing purchaser against loss or damage to the extent of the purchase price by reason of defects in or liens upon the title of the proposed grantor to the premises, subject only to the following matters: (a) rights or claims of parties in possession not shown of record and questions of survey; (b) mechanics' liens, no notice of which appears of record; (c) special taxes or special assessments, if any, which have not been confirmed by a court of record. Such policy to be conclusive evidence of good title subject only to the exceptions stated in; provided that, temporarily in lieu of such policy, seller may within the time specified, furnish the customary report of _________ Title Company on the title, in which case the seller shall deliver such policy to purchaser at the time of delivery of deed and payment of purchase price. Seller upon furnishing such report shall not be in default for failure to furnish such policy until five days after written demand for it by purchaser.

(3). An owner's duplicate certificate of title issued by the registrar of titles of _________ County, _________, or a certified copy of it, showing title in the proposed grantor in the deed, together with a search made by the registrar to the date of this agreement for unpaid taxes and special assessments.