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furnish any additional information and documents required by Closing Company that will be necessary <br />to complete this transaction. Purchaser and Seller will sign and complete all customary or reasonably <br />required documents at or before Closing. Delivery of deed from Seller to Purchaser will be at closing <br />(Closing). Closing will be on the date specified by mutual agreement. <br />Subject to tender of payment at Closing as required herein and compliance by Purchaser with the other <br />terms and provisions hereof, Seller must execute and deliver a good and sufficient general warranty <br />deed to Purchaser, at Closing, conveying the Property free and clear of all taxes except the general taxes <br />for the year of Closing. <br />GENERAL PROVISIONS <br />Except as otherwise provided in this Contract, the Property, Inclusions or both will be delivered in the <br />condition existing as of the date of this Contract, ordinary wear and tear excepted. In the event the <br />Property or Inclusions are damaged by fire, other perils or causes of loss prior to Closing in an amount of <br />not more than ten percent of the total Purchase Price (Property Damage), Seller is obligated to repair <br />the same before Closing. purchaser has the Right to Terminate on or before Closing if the Property <br />Damage is not repaired before Closing or if the damage exceeds such sum <br />In the event Seller receives actual notice prior to Closing that a pending condemnation action may <br />result in a taking of all or part of the Property or Inclusions, Seiler must promptly notify Purchaser, in <br />writing, of such condemnation action. Purchaser has the Right to Terminate on or before Closing based <br />on such condemnation action, in Purchaser's sole subjective discretion, <br />By signing this Contract, Purchaser and Seller acknowledge that they are advised that this Contract has <br />important legal consequences and has recommended the examination of title and consultation with <br />legal and tax or other counsel before signing this Contract. <br />Time is of the essence hereof. If any note or check received as Earnest Money hereunder or any other <br />payment due hereunder is not paid, honored or tendered when due, or if any obligation hereunder is <br />not performed or waived as herein provided, the non -defaulting party has the following remedies: <br />If Purchaser is in Default Seller may elect to treat this Contract as canceled, in which case all Earnest <br />Money (whether or not paid by Purchaser) will be paid to Seller and retained by Seller; and Seller may <br />recover such damages as may be proper; or Seller may elect to treat this Contract as being in full force <br />and effect and Seller has the right to specific performance or damages, or both. <br />If Seiler is in Default: Purchaser may elect to treat this Contract as canceled, in which case all Earnest <br />Money received hereunder will be returned and Purchaser may recover such damages as may be <br />proper, or Purchaser may elect to treat this Contract as being in full force and effect and Purchaser has <br />the right to specific performance or damages, or both. <br />Anything to the contrary herein notwithstanding, in the event of any arbitration or litigation relating to <br />this Contract, prior to or after Closing the arbitrator or court may award to the prevailing party all <br />reasonable costs and expenses, including attorney fees, legal fees and expenses. <br />6 V1- <br />A'i / <br />