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Owner agrees to indemnify and hold purchaser, lender, and Company harmless of and from any and all loss, cost, damage and expense of every kind, and attorney's. An affidavit and indemnity agreement is a legal contract that is created when someone needs to use another person's documents for their own purposes.Affiant owns and holds title to property described in Schedule A of the Preliminary Report or. An owner's affidavit confirms that the owner owns what they think they own. An affidavit and indemnification agreement are a signed statement in which the officiant agrees to indemnify the owner of the agreement. (MLA – Construction Completed, Contemplated or Underway). 1. The Owner's Affidavit materials referred to in Section 13(d) above. I understand that the Company is relying on this affidavit to issue title insurance policies and other evidences of title. That they are owners of the real estate described in. Insurance Company (The Company).