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• purchase price without deduction, in which case the Seller shall convey such title, <br /> except that in the event of such conveyance in accord with the provisions of this <br /> clause, if the said premises shall have been damaged by fire or casualty insured <br /> against, then the Seller shall, unless the Seller has previously restored the <br /> Premises to their former condition, either <br /> (a) pay over or assign to the Buyer, on delivery of the deed, all amounts <br /> recovered or recoverable on account of such insurance, less any amounts <br /> reasonably expended by the Seller for any partial restoration; or <br /> (b) if a holder of a mortgage on said premises shall not permit the insurance <br /> proceeds or a part thereof to be used to restore the said premises to their <br /> former condition or to be so paid'over or assigned, give to the Buyer a <br /> credit against the purchase price, on delivery of the deed, equal to said <br /> amounts so recovered or recoverable and retained by the holder of the said <br /> mortgage less any amounts reasonably expended by the Seller for any <br /> Partial restoration. <br /> 12. Acceptance ofDeed. The acceptance and recording of a deed by the Buyer or his <br /> nominee as the case may be, shall be deemed to be a full performance and <br /> discharge of every agreement and obligation herein contained or expressed, <br /> except such as are, by the terms hereof, to be performed after the delivery of said <br /> deed or customary arrangements are made to obtain such instruments within a <br /> reasonable time following performance. <br /> 13. Use of Money to Clear Title: To enable the Seller to make conveyance as herein <br /> provided, the Seller may, at the time of delivery of the deed, use the purchase <br /> money or any portion thereof to clear the title of any or all encumbrances or <br /> interests, provided that all instruments so procured are recorded simultaneously <br /> with the delivery of said deed. <br /> 14. Insurance: Until the delivery of the deed, the Seller shall maintain insurance on <br /> said premises as follows: <br /> Tlpe of insurance Amount of coverage <br /> (a) Fire and extended coverage Sas currently insured. <br /> (b) <br /> 15. Adjustments: Water charges and taxes for the then current fiscal year, shall be <br /> apportioned as of the day of performance of this agreement and the net amount <br /> thereof shall be added to or deducted from, as the case may be, the purchase price <br /> payable by the Buyer at the time of delivery of the deed. <br /> 16. Adjustment of Unassessed and Abated Taxes: If the amount of said taxes is not <br /> known at the time of the delivery of the deed, they shall be apportioned on the <br /> basis of the taxes assessed for the preceding fiscal year, with a reapportionment as <br /> Dunning&Kimne.LL.P. <br /> 133 Falmouth Road.P.O.Box 560,hluhpee,11A p2649 <br /> (508)177-6500 1508)977-5697 Fax <br />