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Buyer may extend the lnspeciion Parlocl for two (2) thlrty (30) buslness day perlods uPon the payment (o the
<br />Escrow Agent on or before the date af the expiration of the original tima perlod of the Inspection Perlod, or
<br />exlension thereof, of an amount of $1,000 por extension period required, hel8 fn oscrow por the ferms and
<br />condit}ons descrlbed hereln and shall be appflcable to tf}e Pui'chase Price af Closing, Thls Exkenslan Money
<br />wlll be non-refundabie Uul applfcable to the Purahese Prlce,
<br />7. SurveV and Tiile. Buye1' shall be resportslble for obfaining an updated survey of the Properly and a iille
<br />policy commllment, Upon recelpt of notice of any objec#lons ta iifle ar sutvey, Selier shall have ffteen (15) days
<br />aftor recefpt af such notice la safls(y or cure such objectlons io Buyer's saflsfact(on. If Seller iaifs oi• declines to
<br />salis(y the saine wllhin such perlocl, the BtIyer, al Buyer's opkion, may terminate the Agteement and all Earnost
<br />Money shall be rolurned to C3uyer.
<br />8. Cornmissions, Soller and Buyer warrant and represeni to aach other ihat Ihey iiave nat omployed or dealk
<br />with eny otlior real estate agent or bral(er relative Eo the sale and purchase of the Property, other Ihan Unlted
<br />Cauntry Rfvor Valiey PrQpertles and !-lenry S. Mi11er Brokerage, LLC, whoso six percent (6%) commissian shall
<br />be split four pefcent (4°l0) lo CoUntry R}ver Vallay Properties and fwo percent (2%) fo Henry S. Mlller
<br />Braf<erage, I.LC and paid by Seller at Closing. Each party hereby aJi'ees lo Iitdemnlfy and ha{d harmless the
<br />other from and againsl any Ilability (including costs and raasoneble atkorneys' fees) incurred in the defense
<br />thereof !o any other agenls or brokers wilh wllom such party may have dealt.
<br />9, Re resentations anc! Warrantles and Covenants of Seller. Seller warranis and roprosents and covenants to
<br />Buyer that there are no aotions, suits or proceetiings pending or threatened agatnsk, by or affecting Seller flr the
<br />Property; Seller has the authority to convey the Property to 13uyer wifhout tlie Jolnder of any other person or
<br />enlity; other than as d(sclosed to Buyer, ihoro are no envlronmental hazards on the Property; on the Closing
<br />Date, Seller will not be indebted 1a any confraclor, iaborer, mechanlc, rnaterialmen, arch(tect a• engineer for
<br />waric, labor ar servicas perfarmecl or rendered, or for materlals supplled or furnlshed, ln connection with the
<br />Property for whlch anY porson could claim a ilen against the Property; and the Property wlll be delivared to
<br />Buyer at Closfng free and clear froi-n any leases, conti'acfs and tenants hi passossion. Each raprasentation and
<br />warranty decmed oF f ave Gean n ado' ag~aln at~ and astof Closingrand ahall be then t ueiancl accurate In ail matier al
<br />raspects.
<br />10. Damage ancl Condemnatian. 5ellar s1iall notliy Buyer prompkly upon the occurrence oi any damage,
<br />destruetlon, ta4cing or llireat of ta!<ing Affecling the Property.
<br />11, Dafa 1t, lf Buyer defaulls, Selier may terminate tlils Agreement by writfen natice to Buyer, whereupon the
<br />Earnesf Money, Eind any other cleposlls, Ef any, Iiereunder shall he pald to Seller-as full and compioto Ilquldated
<br />daiiiages for the clefaull of Buyer, In wlilch event neither pariy shali have any further rights, obligalions, or
<br />iiabllities uncler tlils Agraement, If Se1Eer defaults, Buyer may avall itself of the remody af specific performance
<br />or terminate this Agreement by writteii noiice to Sellei•, whereunon the Earnesi Money shall be reiundecl to
<br />Buyer as full and compfete Uquldated damagos for such deiaull atid Seiler saiali relmburse C3uyer for all Qut-of-
<br />packef expenses. . .
<br />12, Asslqnmenl, Buyer may at any time assign or iransfer Its interesl In thls Agreement, wllh notica to Se11er.
<br />Tlils Agreement shall be Uinding upoii and enforceabie agalnsf, and shall Inure io the bgneflt oi, the partles and
<br />tlioir respective isgal representAtlves, successars atid asslgns,
<br />13, Applicable Law. Tiiis Agreemenl shafl be governod by and construed and enfarced in Eiccorclance wi(h`lhe
<br />laws of the state in whlch the Properly (s located, `
<br />14. Miscel~ us. Time.shali be of esseiice in fha performanca of the terms anci condjilans of this Agreeplent,
<br />in the event any iline perlod specified In thfs Agreement explres on a Saturday, Sundey nr bank hoiida~jo.p
<br />whicli national banics are alosed for busfness, lhen flle tlme period sha11 be extended so as to expiro on.ths
<br />next biIslness day ImmediLgfefYsucceeding das`h rFtitlay, bank heciognizablo s~lebarSFedehal
<br />Agreement, buslness days shal! Ue MonY throug
<br />"ft.. CoQ~~ f.-) J
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