Common use of Damage to Property Clause in Contracts

Damage to Property. Seller shall maintain property in its current condition and keep it insured against all loss until closing in the event of destruction covered by insurance, buyer may elect to close and collect the insurance proceeds.

Damage to Property. Seller shall maintain property in its current condition and keep it insured against all loss until closing in closing. In the event of destruction covered by insurance, buyer may elect to close and collect the insurance proceeds.

Damage to Property. Seller shall maintain property in its current condition and keep it insured against all loss until closing in closing. In the event of destruction covered by insurance, buyer may elect to close and collect the insurance proceeds. In the event, there is damage or loss to the property before closing that is not covered by insurance, the buyer may elect to cancel or renegotiate the contract.

Damage to Property. Seller shall maintain property in its current condition and keep it insured against all loss until closing in closing. In the event of destruction covered by insurance, buyer may elect to close and collect the insurance proceeds.close

Damage to Property. Seller Seller’s shall maintain property in its current condition and keep it insured against all loss until closing in the event of destruction covered by insurance, buyer may elect to close and collect the insurance proceeds.