Common use of Destruction of the Premises Clause in Contracts

Destruction of the Premises. If prior to delivery of deed or agreement for deed the 215 improvements on the premises shall be destroyed or materially damaged by fire or other 216 casualty, Buyer shall have the option of declaring this Contract void and receiving a refund 217 of xxxxxxx money paid, or of accepting the premises as damaged or destroyed, together with 218 the proceeds of any insurance payable as a result of the destruction or damage, which 219 proceeds Xxxxxx agrees to assign to Xxxxx.

Destruction of the Premises. If prior to delivery of deed or agreement for deed the 215 195 improvements on the premises shall be destroyed or materially damaged by fire or other 216 196 casualty, Buyer Xxxxx shall have the option of declaring this Contract void and receiving a refund 217 197 of xxxxxxx money paid, or of accepting the premises as damaged or destroyed, together with 218 198 the proceeds of any insurance payable as a result of the destruction or damage, which 219 199 proceeds Xxxxxx agrees to assign to Xxxxx.

Destruction of the Premises. If prior to delivery of deed or agreement for deed the 215 211 improvements on the premises shall be destroyed or materially damaged by fire or other 216 212 casualty, Buyer shall have the option of declaring this Contract void and receiving a refund 217 213 of xxxxxxx money paid, or of accepting the premises as damaged or destroyed, together with 218 214 the proceeds of any insurance payable as a result of the destruction or damage, which 219 215 proceeds Xxxxxx agrees to assign to Xxxxx.

Destruction of the Premises. If prior to delivery of deed or agreement for deed the 215 233 improvements on the premises shall be destroyed or materially damaged by fire or other 216 234 casualty, Buyer shall have the option of declaring this Contract void and receiving a refund 217 235 of xxxxxxx money paid, or of accepting the premises as damaged or destroyed, together with 218 236 the proceeds of any insurance payable as a result of the destruction or damage, which 219 237 proceeds Xxxxxx agrees to assign to Xxxxx.

Destruction of the Premises. If prior to delivery of deed or agreement for deed the 215 improvements on the premises 211 shall be destroyed or materially damaged by fire or other 216 casualty, Buyer shall have the 212 option of declaring this Contract void and receiving a refund 217 of xxxxxxx money paid, or of 213 accepting the premises as damaged or destroyed, together with 218 the proceeds of any insurance 214 payable as a result of the destruction or damage, which 219 proceeds Xxxxxx agrees to assign to Xxxxx215 Buyer.