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s #• P.16 <br /> 10=" 3 es:27 <br /> 0 <br /> �.r'" <br /> OPPORTUNrrMS. IN AGREEING TO SUCH LIQUIDATED DAMAGES, PURCHASER <br /> ACMOWLED+GES THAT THE AMOUNT OF SI:L llk S ACTUAL. DAMAGES 8Y <br /> REASON OF PURCHASER'S DEFAULT WILL BE SUBSTANTIAL BUT WOULD BE <br /> EX REMELY DIFFICULT TO ASCERTAIN, AND TfIE AMOUNT PROVIDED FOR <br /> HEREIN IS A REASONABLE ESTIMATE OF SUCH DAMAGES: IN ADDITION.. <br /> PURCHASER DESIRES TO HAVE A LIMITATION PUT ON ITS POTENTIAL LIABILITY <br /> TO SELLER IN THE IsVENT PURCHASER SHOULD SO DEFAULT IN THE <br /> PERFORMANCE oP rrs osuoA-rioNS HEUUNDER. ACCORDINGLY,IN ORDER TO <br /> INDUCE SELLER TO WAIVE ALL OF'THE RRMwlES TIIEY hum OTHERWISE <br /> HAVE IN THE. EVENT OF A DEFAULT 8Y PURCHASER, PURCHASER HAS <br /> PROPOSED, AND SELLER 41AS ACCEPTED. TME CONCEPT :OF LIQUIDATED <br /> i DAMAt3ES AS SET FORTH HERESI'"I,W H THL AMOUNT T-t€tLEOP HAVE BEEN THE <br /> St;%JEt I.f?IrSP=PIC AGROMRNT SET*uN nm.pARRTIErtfi.. ANDING <br /> TIS POREC3OlNQ, 1F, CONTRARY 't'4 THL' AGILE MENI` OF l t1RCHASF.It AND <br /> SELLPR AS SST FORTH HI IN; PURCHASER SHALL Ct3NTEST M. .PROVISIOX <br /> AND AI~IY..COU&T OF COMPIrTENi' URtSDI I'1C1N Sl�1AZt RULE 1N AN AC"TION <br /> BFTWI N PURCHASER AND' SEI.I LR THAT S.ELLBR MAY NOT Mr. THS <br /> a EARNEST MONEY h5 LIQUIDATED DAMAGES FOR: 'LfRCFI�...... ::33EF11ULr::. <br /> SE11.I~R SHALL. $E ENTITLED TO $ERIC ALL RELI3 Iwlt?tI�3ALLY pVWMED AT <br /> LAW OR EQUITY TO AN AGGRIEYE#� SELLER. $Y TI E1R [NITt11L.S.HER£Ti.A.. <br /> j SELLER AND PURCHASER SPECIFICALLY ACXNOWLEDGE TH.fi[lt ACt'F3*TANCE <br /> AND APPROVAL CII*THE FORBOOING LIQUIDATED DAMAC3 't PROYIStON ANL! , <br /> AGREE TCE7CF.t U- SUCH DOCUMENTS AS ESCROW MAY'REQU:ME TO RIrLEASZ3 <br /> THE EARl', 'T MONEY TO SELLIrR IN EVENT OFA DEFAULT EYIK. <br /> INITIALS-OF PUTIIGHASER= <br /> INTrIALS OF S&MR <br /> (b) tF S&LLFR FAILS TO ERPORM ANY CSF ITS OBLIGATION$ OR <br /> AGREEMENTS HMI MU1NDER EITHER PRIOR TO OR AT CLOSING;PURCHASER MAY <br /> TERMINATE THIS AGREEMENT BY WRITTEN NOTICE'THEREOF TO SELLER AND <br /> THE. TITLE COMPANY, AT WHICH TIME THE EARNEST MONEY SHALL BE <br /> RE`I'URNEA TO PURCHASER AS PURCHASER'S SOLE AND EXCLUSIVE REMEDY, <br /> IN NO EVENT SHALL. SELLER BE LIABLE TO PURCHASER FOR ANY OTHER <br /> ACTUAL, PREVF-\MVE, SPECULATIVE OR CONSEQUENTIAL DAMAGES, NOR_ <br /> SMALL PURCHASER BE ENTITLED TO BRING A CLAIM TO ENFORCES SPECIFIC <br /> I'F..RFORMANC E OF THIS AGREEMENT. <br /> k <br /> t�lZr ���4rt�,�,lSLalty� !i_ <br /> tai InIhe event that all or any subatsntial portion of the Property shalt be damaged <br /> or destroyed by fire or other casualty or be conder fined or taken by etninaat dornitin prior to <br /> Closing, ?urchascr may, at its option, either 0) terminate this ASrownent by written G thea <br /> 0 roof to Seller within ten(10)days after Seller nottfieS Purdtaser of the cuualtp cs Wdg and <br /> sweive-the immediate return of the Earnest Money ad all interest+earned theif any;or tE? <br /> Proceed to close the transaction contemplated herein ptusustttt to the trims hercot,in which event <br /> Sealer khall deliver aI Purchaser at Closins,any proceeds actually received try Seiler atuib�utable <br /> W the Pxop�erty from <br /> such casualty condemnation or eminent domain proceeding,or assiA <br /> ipurctutaer at Closing#Ay right-Solley may have to Say insurance pro"WS eond+eatnation or <br /> :eminent domain award attributable to the Property, and there shall ba:::ao reduction in the <br /> Furchase`Ptiw to the event Purchaser foils w timely deliver writt+ea t Of innica <br /> described in section Ii)herein, Purchaser thud be'cl+eemed to have darted to proOeed <br /> lit.accordsEnoa with secticA (li). In no event aha any such casualty Sive rise to a clauitzt Ity <br /> Putci3m against Seller for breach of thin Alrevoient. <br /> Lb) Jss the event the Property Is"damaged prior to Closing and.;sueh outrage ta�etces <br /> an emergency requiring imatediate mpair.(prior to Purchaser's electaott:ttatiat slue section), in <br /> order ta:prevent further damage;to the Pr6perty:the contractor ural method of repair to be used <br /> shalt ba:016owd by Seller. Taking or 4sualty procaaads, if any,paid e=a restalt of damage . <br /> requiring immodiae repair shall be used in paying the coat of s repai»: <br /> M..sKnn <br /> 0:03603 <br />