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to Purchaser in its sole and absolute discretion. <br /> ~ n n n + +:..,° ~ ,.,., ~ to °.- +i,v n.,+° ~ ~ <br />~k~ l~~a-t g ~ 85 <br />i <br />i <br />i <br />i <br />n <br />o <br />~ <br />fg~~g~ i <br />}~ <br /> v.a-r z x xTriuxv~crxcc <br />c <br />r <br />r <br />ca <br />xcc~x crcv a.cxcv <br />r <br />s <br />s <br />~ <br />~ <br /> <br /> <br />~ f > > <br /> <br />SECTION 7. Risk of Loss. Subject to the provisions hereof, the risk of loss or damage to the <br />Property occurring prior to Closing shall be borne by Seller. If the Property is damaged by fire, storm, wind <br />or other casualty prior to Closing, Seller shall give prompt written notice thereof to Purchaser. This <br />Agreement shall continue in effect not<vithstandin~ the occurrence of such casualty and damage. and Seller <br />shall proceed forthwith to complete construction of the Building and site improvements with the proceeds <br />from all applicable casualtypolicies. Upon substantial completion, closing shall proceed as provided for <br />herein except the date for Closing shall be adiusted for the rebuilding subsequent to casualty. D,,,.^'~~°°r m.,<, <br />:~ <br />a <br />- > <br />b~ <br />SECTION $. Eminent Domain and Assessments. Seller has not received any notice of any <br />pending condemnation, assessment or similar proceeding or charge affecting the Real Property or any portion <br />thereof and has no knowledge that any such proceeding or charge is contemplated. If Seller receives notice <br />of the commencement or threatened commencement of eminent domain or assessment or other like <br />proceedings against the Real Property or any portion thereof at any time between the Date of Agreement and <br />the Closing Date, Seller shall immediately notify Purchaser in writing, and Purchaser shall elect within ten <br />{10) days from and after such notice either: (a) to terminate this Agreements in which case ant this <br />Agreement +,,° ~.,.-..°~.+ n,r,...,~. r~,.,,, i.° ..°+.,.-.,°~~ +,. D,,,..,,~.,r°,- .,..,~ +,~;~. n nro°.,,°~+ shall terminate and be of no <br />further force and effect; or (b) to close the transaction contemplated by this Agreement in accordance with the <br />teams Hereof but subject to such proceedings, in which event the Purchase Price shall not be reduced and <br />Seller shall assign to Purchaser all of Seller's rights in any condemnation award or proceeds. Purchaser shall <br />deliver notice of its election to Seller in writing. If Purchaser does not make its election within the aforesaid <br />-7- <br />