Should I be worried of losing a lawsuit in ohio because heat went out for 6 hours till I remedied it or water in the basement/garage that shows up every cpl days that i squeegee as much as possible [two to three days].

"If Buyer reasonably believes that the inspection report reveals DEFECT with the property (under Indiana law, Defect means a condition that would have a significant adverse effect on the value of the property, that would significantly impair the health or safety of future occupants of the property, or that if not repairs, removed, or replaced woud significantly shorten or adversely affect the expected normal life of the premises), and Seller is unable or unwilling to remedy the DEFECT to buyer's reasonable satisfaction before closing (or at a time otherwise agreed to by the parties), then Buyer may terminate this agreement or waive such defect and the transaction shall proceed toward closing.

I also have this sentence:  In addition to forfeiture of earnest money to Seller or return of earnest money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this contract or any other remedy allowed by law or equity.Does this mean that I can still be forced to buy or pay other damages after forfeiting my earnest money if the deal falls through?

Have you considered remedial action via a local magistrate? 

The Seller and/or the Buyer shall not be prohibited by this provisionfrom pursuing other remedies, including a claim for losses and damages.9.

The problem with getting the AC stolen here in SW Florida isn't replacing the unit (especially when insurance covers it)... its the mold removal and remediation.

The environmental inspection company did not really provide a suggestion for remediation... however they did mention that it was a potential human health risk.

There are other remedies that a tenant has including withholding rent or being able to break a lease without penalty. 

Then comes the fire remediator.

Their remedy is likely through the MLS system.IF the listing agent is not doing their job and IF and only IF it is clear that the tenant is aware that the property is on the market (remarks in the MLS system, sign in the yard, etc.)