Risk of Loss/Damage. All risk of loss or damage to said property by fire, theft or other casualty until delivery of Deed shall be upon the Seller. In the event of loss or damage independently appraised at more than $5,000.00, Buyer shall have the option to receive any insurance payment on account of said damage and take Title, or rescind this Agreement and receive back all Deposit money paid. In such case all rights and obligations of the parties under this Agreement shall terminate.
Appears in 5 contracts
Samples: Purchase and Sale Agreement, s3-us-west-1.amazonaws.com, Purchase and Sale Agreement
Risk of Loss/Damage. All risk of loss or damage to said property by fire, theft or other casualty any means shall be assumed by the Seller until delivery of Deed shall be upon the SellerDeed, provided the Buyer did not cause the loss or damage. In the event of the loss or damage independently appraised at more than exceeds $5,000.00, Buyer shall have the option to receive any insurance payment on account of said damage and take Title, or rescind this Agreement and receive back all Deposit money paid. In such case If the Buyer rescinds the Agreement, all rights and obligations of the parties under this Agreement shall terminate.
Appears in 4 contracts
Samples: Purchase and Sale Agreement, Estate Purchase and Sale Agreement, Estate Purchase and Sale Agreement
Risk of Loss/Damage. All risk of loss or damage to said property by fire, theft theft, or other casualty until delivery of Deed shall be upon the Seller. In the event of loss or damage independently appraised at more than $5,000.00, Buyer shall have the option to receive any insurance payment on account of said damage and take Title, or rescind this Agreement and receive back all Deposit deposit money paid. In such case all rights and obligations of the parties under this Agreement agreement shall terminate.
Appears in 2 contracts
Samples: Real Estate Purchase and Sale Agreement, Real Estate Purchase and Sale Agreement
Risk of Loss/Damage. All risk of loss or damage to said property by fire, theft or other casualty until delivery of Deed shall be upon the Seller. In the event of loss or damage independently appraised at more than $5,000.00, Buyer shall have the option to receive any insurance payment on account of said damage and take Title, or rescind this Agreement and receive back all Deposit money paid. In such case all rights and obligations of the parties under this Agreement shall terminate.. Initials
Appears in 1 contract
Samples: Purchase and Sale Agreement
Risk of Loss/Damage. All risk of loss or damage to said property by fire, theft or other casualty until delivery of Deed shall be upon the Seller. In the event of loss or damage independently appraised at more than Five Thou- sand Dollars ($5,000.00), Buyer shall have the option to (1) receive any insurance payment on account of said damage dam- age and take Title, title to the Property or (2) rescind this Agreement and Agreement, receive back all the Xxxxxxx Money Deposit money paid. In such case and all rights and obligations of the parties under this Agreement shall terminate.
Appears in 1 contract
Samples: Offer to Purchase and Contract
Risk of Loss/Damage. All risk of loss or damage to said property Real Property by fire, theft or other casualty until delivery of Deed shall be upon the Seller. In the event of loss or damage independently appraised at more than $5,000.0010,000.00, Buyer shall have the option to receive any insurance payment on account of said damage and take Title, or rescind this Agreement and receive back all Deposit money paid. In such case case, all rights and obligations of the parties under this Agreement shall terminate.
Appears in 1 contract
Samples: Real Estate
