Common use of Condition of Improvements Clause in Contracts

Condition of Improvements. The risk of destruction or substantial damage by fire or Act of God prior to delivery of deed is assumed by Seller. Xxxxxx agrees that on possession, the Real Estate shall be in the same condition as it is on the date of this contract, except for ordinary wear and tear. If the Real Estate should be damaged or destroyed by fire or other casualty and if, prior to Closing, the real Estate shall not be repaired or restored by and at the Sellers expense, to a condition as good as it was prior to the damage or destruction, then Purchaser, at his option, may terminate this contract by written notice to Seller and the Down Payment Shall be returned to Purchaser. While this contract is pending, Sellers shall not change any existing lease or enter into any new lease, nor make any substantial alterations or repairs without the consent of the Purchaser. In addition, the Purchaser also has an insurable interest in the property from date of this contract. Purchaser is hereby notified that insurance should be placed upon the property immediately to protect Purchasers’ interest.

Appears in 48 contracts

Samples: Contract to Purchase at Online Auction, Contract to Purchase at Online Auction, Contract to Purchase at Online Auction

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Condition of Improvements. The risk of destruction or substantial damage by fire or Act of God prior to delivery of deed is assumed by Seller. Xxxxxx agrees that on possession, the Real Estate shall be in the same condition as it is on the date of this contract, except for ordinary wear and tear. If the Real Estate should be damaged or destroyed by fire or other casualty and if, prior to Closing, the real Estate shall not be repaired or restored by and at the Sellers expense, to a condition as good as it was prior to the damage or destruction, then Purchaser, at his option, may terminate this contract by written notice to Seller and the Down Payment Shall be returned to Purchaser. While this contract is pending, Sellers shall not change any existing lease or enter into any new lease, nor make any substantial alterations or repairs without the consent of the Purchaser. In addition, the Purchaser also has an insurable interest in the property from date of this contract. Purchaser is hereby notified that insurance should be placed upon the property immediately to protect Purchasers’ interest.. ✔

Appears in 36 contracts

Samples: Contract to Purchase at Public Auction, Contract to Purchase at Public Auction, Contract to Purchase at Public Auction

Condition of Improvements. The risk of destruction description or substantial damage by fire or Act of God prior to delivery of deed is assumed by Seller. Xxxxxx agrees that on possession, the Real Estate real estate shall be in the same condition as it is on the date of this contract, except for ordinary wear and tear. If the Real Estate should be damaged or destroyed by fire or other casualty and if, prior to Closingclosing, the real Estate estate shall not be repaired replaced or restored by and at the Sellers Seller’s expense, to a condition as good as it was prior to the damage or destruction, then Purchaser, at his his/her option, may terminate this contract by written notice to Seller and the Down Payment Shall shall be returned to Purchaser. While this contract is pending, Sellers shall not change any existing lease or enter into any new lease, nor make any substantial alterations or repairs without the consent of the Purchaser. In addition, the Purchaser also has an insurable interest in the property from the date of this contract. Purchaser is hereby notified notifies that insurance should be placed upon the property immediately to protect prote Purchasers’ interest.. __

Appears in 3 contracts

Samples: Contract to Purchase Real Estate, Contract to Purchase Real Estate at Public Auction, Contract to Purchase Real Estate

Condition of Improvements. The risk of destruction or substantial damage by fire or Act of God prior to delivery of deed is assumed by Seller. Xxxxxx agrees that on possession, the Real Estate shall be in the same condition as it is on the date of this contract, except for ordinary wear and tear. Any fuel will be conveyed less normal depletion. If the Real Estate should be damaged or destroyed by fire or other casualty and if, prior to Closing, the real Estate shall not be repaired or restored by and at the Sellers expense, to a condition as good as it was prior to the damage or destruction, then Purchaser, at his option, may terminate this contract by written notice to Seller and the Down Payment Shall be returned to Purchaser. While this contract is pending, Sellers shall not change any existing lease or enter into any new lease, nor make any substantial alterations or repairs without the consent of the Purchaser. In addition, the Purchaser also has an insurable interest in the property from date of this contract. Purchaser is hereby notified that insurance should be placed upon the property immediately to protect Purchasers’ interest.

Appears in 2 contracts

Samples: Contract to Purchase at Auction, Contract to Purchase at Auction

Condition of Improvements. The risk of destruction description or substantial damage by fire or Act of God prior to delivery of deed is assumed by Seller. Xxxxxx agrees that on possession, the Real Estate real estate shall be in the same condition as it is on the date of this contract, except for ordinary wear and tear. If the Real Estate should be damaged or destroyed by fire or other casualty and if, prior to Closingclosing, the real Estate estate shall not be repaired replaced or restored by and at the Sellers Seller’s expense, to a condition as good as it was prior to the damage or destruction, then Purchaser, at his his/her option, may terminate this contract by written notice to Seller and the Down Payment Shall shall be returned to Purchaser. While this contract is pending, Sellers shall not change any existing lease or enter into any new lease, nor make any substantial alterations or repairs without the consent of the Purchaser. In addition, the Purchaser also has an insurable interest in the property from the date of this contract. Purchaser is hereby notified notifies that insurance should be placed upon the property immediately to protect Purchasers’ interest.

Appears in 1 contract

Samples: Contract to Purchase Real Estate at Public Auction

Condition of Improvements. The risk of destruction or substantial damage by fire or Act of God prior to delivery of deed is assumed by Seller. Xxxxxx agrees that on possession, the Real Estate shall be in the same condition as it is on the date of this contract, except for ordinary wear and tear. If the Real Estate should be damaged or destroyed by fire or other casualty and if, prior to Closing, the real Estate shall not be repaired or restored by and at the Sellers expense, to a condition as good as it was prior to the damage or destruction, then Purchaser, at his option, may terminate this contract by written notice to Seller and the Down Payment Shall be returned to Purchaser. While this contract is pending, Sellers shall not change any existing lease or enter into any new lease, nor make any substantial alterations or repairs without the consent of the Purchaser. In addition, the Purchaser also has an insurable interest in the property from date of this contract. Purchaser is hereby notified that insurance should be placed upon the property immediately to protect Purchasers’ interest.. ✔ ✔

Appears in 1 contract

Samples: Contract to Purchase at Public Auction

Condition of Improvements. The risk of destruction or substantial damage by fire or Act of God prior to delivery of deed is assumed by Sellerseller. Xxxxxx agrees that on possession, the Real Estate shall be in the same like condition as it is on the date of this contract, except for ordinary wear and tear. If the Real Estate should be damaged or destroyed by fire or other casualty and if, prior to Closingclosing, the real Real Estate shall not be repaired or restored by and at the Sellers Seller's expense, to a condition as good as it was prior to the damage or destruction, then PurchaserBuyer, at his his/her option, may terminate this contract by written notice to Seller and Auctioneer and the Down Payment Shall be returned to PurchaserBuyer. While this contract is pending, Sellers Seller shall not change any existing lease or enter into any new lease, nor make any substantial alterations or repairs without the consent of the PurchaserBuyer. In addition, the Purchaser Buyer also has an insurable interest in the property from date of this contract. Purchaser is hereby notified that insurance should be placed upon the property immediately to protect Purchasers’ interest.

Appears in 1 contract

Samples: Contract to Purchase at Court Ordered Auction

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Condition of Improvements. The risk of destruction or substantial damage by fire or Act of God prior to delivery of deed is assumed by Seller. Xxxxxx agrees that on possession, the Real Estate shall be in the same condition as it is on the date of this contract, except for ordinary wear and tear. If the Real Estate should be damaged or destroyed by fire or other casualty and if, prior to Closing, the real Estate shall not be repaired or restored by and at the Sellers expense, to a condition as good as it was prior to the damage or destruction, then Purchaser, at his option, may terminate this contract by written notice to Seller and the Down Payment Shall be returned to Purchaser. While this contract is pending, Sellers shall not change any existing lease or enter into any new lease, nor make any substantial alterations or repairs without the consent of the Purchaser. In addition, the Purchaser also has an insurable interest in the property from date of this contract. Purchaser is hereby notified that insurance should be placed upon the property immediately to protect Purchasers’ interest.

Appears in 1 contract

Samples: Contract to Purchase at Public Auction

Condition of Improvements. The risk of destruction or substantial damage by fire or Act of God prior to delivery of deed is assumed by Seller. Xxxxxx Seller agrees that on possessiondelivery of possession to Buyer, the Real Estate shall be in the same condition as it is on the date of this contractContract, except for ordinary wear and tear. If the Real Estate should be damaged or destroyed by fire f ire or other casualty and if, prior to ClosingClosing Date, the real Real Estate shall not be repaired or restored by and at the Sellers expense, to a condition as good as it was prior to the damage or destruction, then PurchaserBuyer, at his option, may terminate this contract Contract by written notice to Seller and the Down Payment Shall be returned to PurchaserBuyer. While this contract Contract is pending, Sellers Seller shall not change any existing lease or enter into any new lease, nor make any substantial alterations or repairs without the consent of the PurchaserBuyer. In addition, the Purchaser Buyer also has an insurable interest in the property Real Estate from date of this contractContract. Purchaser Buyer is hereby notified that insurance should be placed upon the property Real Estate immediately to protect Purchasers’ Xxxxx’s interest.

Appears in 1 contract

Samples: Purchase Agreement

Condition of Improvements. The risk of destruction or substantial damage by fire or Act of God prior to delivery of deed is assumed by Seller. Xxxxxx agrees that on possession, the Real Estate shall be in the same condition as it is on the date of this contract, except for ordinary wear and tear. If the Real Estate should be damaged or destroyed by fire or other casualty and if, prior to Closing, the real Real Estate shall not be repaired or restored by and at the Sellers expense, to a condition as good as it was prior to the damage or destruction, then Purchaser, at his option, may terminate this contract by written notice to Seller and the Down Payment Shall shall be returned to Purchaser. While this contract is pending, Sellers shall not change any existing lease or enter into any new lease, nor make any substantial alterations or repairs without the consent of the Purchaser. In addition, the Purchaser also has an insurable interest in the property from date of this contract. Purchaser is hereby notified that insurance should be placed upon the property immediately to protect Purchasers’ Purchaser’s interest.. _

Appears in 1 contract

Samples: Purchase Agreement

Condition of Improvements. The risk of destruction or substantial damage by fire or Act of God prior to delivery of deed is assumed by SellerPurchaser. Xxxxxx agrees that on possession, the Real Estate shall be in the same condition as it is on the date of this contract, except for ordinary wear and tear. If the Real Estate should be damaged or destroyed by fire or other casualty and if, prior to Closing, the real Real Estate shall not be repaired or restored by and at the Sellers expense, to a condition as good as it was prior to the damage or destruction, then Purchaser, at his option, may terminate this contract Contract by written notice to Seller and the Down Payment Shall shall be returned to Purchaser. While this contract Contract is pending, Sellers Seller shall not change any existing lease or enter into any new lease, nor make any substantial alterations or repairs without the consent of the Purchaser. In addition, the Purchaser also has an insurable interest in the property from date of this contract. Purchaser is hereby notified that insurance should be placed upon the property immediately to protect Purchasers’ interest.

Appears in 1 contract

Samples: Contract to Purchase at Online Auction

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