CASUALTY LOSS OR DAMAGE. If the Property is damaged by any casualty prior to closing, SELLER shall 154 immediately notify BUYER in writing. If the cost of repair or restoration does not exceed 3% of the Purchase 155 Price, cost of repair or restoration will be an obligation of SELLER and closing will proceed pursuant to the 156 terms of this Agreement. If the cost of repair or restoration exceeds 3% of the Purchase Price, BUYER may 157 terminate this Agreement by giving written notice to SELLER within 10 days after BUYER’s receipt of written 158 notice from SELLER of the casualty. If BUYER has not so terminated, SELLER shall have 30 days from the 159 end of said 10 day period to complete the repairs in accordance with the conditions required by paragraph 160 14 and all applicable laws. Closing shall occur within 20 days thereafter but not sooner than the date of 161 closing as set forth in paragraph 3. 162 If BUYER has not terminated as above, and the cost of repair or restoration exceeds said 3% and SELLER 163 declines to pay the excess, then SELLER must notify BUYER in writing of same within 15 days after the 164 casualty. In this event, BUYER may either purchase the Property as is, together with any insurance 165 proceeds payable by virtue of such casualty (to be assigned by SELLER to BUYER upon closing) plus an 166 amount equal to SELLER’s deductible, or BUYER may terminate this Agreement. BUYER shall have 5 days 167 after receipt of SELLER’s written notice of refusal to pay the excess costs to terminate this Agreement, or be 168 deemed to have elected to proceed with this transaction.
CASUALTY LOSS OR DAMAGE. If the Property is damaged by any casualty prior to closing, SELLER shall 427 immediately notify BUYER in writing. If the cost of repair or restoration does not exceed 3% of the Purchase 428 Price, cost of repair or restoration will be an obligation of SELLER and closing will proceed pursuant to the 429 terms of this Agreement. If the cost of repair or restoration exceeds 3% of the Purchase Price, BUYER may 430 terminate this Agreement by giving written notice to SELLER within 10 days after BUYER’s receipt of 431 written notice from SELLER of the casualty. If BUYER has not so terminated, SELLER shall have 30 days 432 from the end of said 10 day period to complete the repairs in accordance with the conditions required by 433 paragraph 3 and all applicable laws. Closing shall occur within 20 days thereafter but not sooner than the 434 date of closing as set forth in paragraph 6. 435 If BUYER has not terminated as above, and the cost of repair or restoration exceeds said 3% and SELLER 436 declines to pay the excess, then SELLER must notify BUYER in writing of same within 15 days after the 437 casualty. In this event, BUYER may either purchase the Property as is, together with any insurance 438 proceeds payable by virtue of such casualty (to be assigned by SELLER to BUYER upon closing) plus an 439 amount equal to SELLER’s deductible, or BUYER may terminate this Agreement. BUYER shall have 5 days 440 after receipt of SELLER’s written notice of refusal to pay the excess costs to terminate this Agreement or be 441 deemed to have elected to proceed with this transaction. 442 16. PERSONAL PROPERTY: The following items, if owned by SELLER and existing on the Property on the 443 date of the initial offer, are included in the Purchase Price: range/oven, cooktop, dishwasher, disposal, 444 ceiling fans, trash compactor, audio/visual system wiring, smart outlets, thermostats, keyless entry devices, 445 solar panels, light fixtures and bulbs, smoke detector(s), bathroom mirrors, drapery hardware, all window 446 treatments, garage door opener and controls, security gate and other access devices, mailbox and mailbox 447 key, fence, plants and shrubbery as now installed on the Property, and those additional items checked 448 below (to which no value has been assigned): 449 Refrigerator(s) Microwave Oven Pool fence/barrier Mounted/installed speakers 450 Washer Window/wall a/c Pool Sweep Water softener/treatment system 451 Dryer Built-in Generator Above Ground Pool Storm shutt...
CASUALTY LOSS OR DAMAGE. Any casualty loss, damage or event of condemnation or takings to any Acquired Asset between the date of this Agreement and the Effective Time shall be governed by the provisions of this Section 2.6(c).
