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It is expressly agreed that notwithstanding any other provisions of this contract, Buyer shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of any money deposit or otherwise unless the Seller has delivered to the Buyer a written statement issued by the Federal Housing Commissioner setting forth the appraised value of the Property excluding closing costs of not less than $ which statement Seller agrees to deliver to the Buyer promptly after such appraised value statement is made available to Seller. Principal and Interest on the Securities.

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