Common use of Casualty Clause Clause in Contracts

Casualty Clause. This Contract shall be subject to the Illinois Uniform Vendor and Purchaser Act as currently in effect. Seller shall keep adequate insurance including fire and other extended coverage, on improvements on the Real Estate until possession is delivered to Purchaser. Purchaser may purchase additional insurance even though he is not in possession. Purchaser shall be responsible for insurance coverage upon taking possession of the Real Estate.

Casualty Clause. This Contract shall be subject to the Illinois Uniform Vendor and Purchaser Risk Act as currently in effect. Seller shall keep adequate insurance including fire and other extended coverage, on improvements on the Real Estate until possession is delivered to Purchaser. Purchaser may purchase additional insurance even though he is not in possession. Purchaser shall be responsible for insurance coverage upon taking possession of the Real Estate.