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Other Documentation . Such other documents as may be reasonable and <br /> necessary in the opinion of the Seller or its counsel to consummate and close the <br /> purchase and sale contemplated herein pursuant to the terms and provisions of this <br /> Agreement. <br /> 10 . RISK OF LOSS . <br /> a. Condemnation . If, prior to the Closing, action is initiated to take any of the <br /> Property by eminent domain proceedings or by deed in lieu thereof, Buyer may either (a) <br /> terminate this Agreement by written notice to Seller delivered to Seller within ten ( 10) days <br /> following the date that Seller delivers to Buyer written notice of such proposed taking, or (b) <br /> consummate the Closing, in which latter event the award of the condemning authority shall be <br /> assigned to Buyer at the Closing. <br /> b . Casualty . Seller assumes all risks and liability for damage to or injury occurring to <br /> the Property by fire, storm, accident, or any other casualty or cause until the Closing has been <br /> consummated. If the Property, or any part thereof, suffers any damage in excess of five percent (5%) <br /> of the Purchase Price prior to the Closing from fire or other casualty, which Seller, at its sole option, <br /> does not repair, Buyer may either (a) terminate this Agreement by written notice to Seller delivered <br /> to Seller within ten ( 10) days following the date that Seller delivers to Buyer written notice of such <br /> casualty and Seller' s intent not to repair, or (b) consummate the Closing, in which event the proceeds <br /> of any insurance not exceeding the Purchase Price and covering such damage shall be assigned to <br /> Buyer at the Closing. If the Property, or any part thereof, suffers any damage less than the <br /> aforementioned amount prior to the Closing, Buyer agrees that it will consummate the Closing and <br /> accept the assignment of the proceeds of any insurance covering such damage at the Closing . In the <br /> event of casualty damage pursuant to this Paragraph, the Closing Date shall be postponed for a <br /> reasonable period (not to exceed thirty (30) days) to permit Seller to do so . <br /> ll . DEFAULTS . <br /> a. Breach by Seller. If Seller breaches this Agreement, Buyer may, as Buyer's sole and <br /> exclusive remedy hereunder, terminate this Agreement and thereupon shall be entitled to the <br /> immediate return of the Deposit as well as liquidated damages in the amount of One Hundred and <br /> No/ 100 ($ 100 . 00) Dollars (and not as a penalty) or in the alternative, Buyer may prior to that date <br /> that is ten ( 10) days following the original scheduled or mutually agreed upon extended Closing <br /> Date , bring an action for specific performance of this Agreement (but in connection therewith shall <br /> not be entitled to damages as a result of Seller' s breach or delay) . Seller and Buyer have made the <br /> above provision for liquidated damages because it would be difficult to calculate, on the date hereof, <br /> the amount of actual damages for such breach, and that these sums represent reasonable <br /> compensation to Buyer for such breach. In no event shall Seller be liable to Buyer for any actual , <br /> punitive , speculative , consequential or other damages of any kind. <br /> b . Breach by Buyer. If Buyer breaches this Agreement, Seller may, as Seller' s sole <br /> remedy and relief hereunder, terminate this Agreement and thereupon be entitled to receive the <br /> Deposit as liquidated damages (and not as a penalty) . Seller and Buyer have made the above <br /> provision for liquidated damages because it would be difficult to calculate , on the date hereof, the <br /> SLK SAR: # 191001v2 10 <br />