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201607377 Buyer states it has made an inspection of the Property and is purchasing same in "AS IS CONDITION" without any type of warranty thereon. Buyer further understands that Seller has not made and does not make any representations or warranties of any kind as to the condition of the Property, buildings, improvements, or fixtures located thereon, and/or the location of the boundaries of the Property. 4. POSSESSION Buyer shall be entitled to enter into possession of Property on May 01, 2015 and to continue in possession thereof so long as it is not in default in its performance of this Contract 5. DELIVERY OF DEED Upon full payment of this Contract, Seller shall issue a General Warranty Deed conveying to Buyer good and marketable title to the Property as evidenced by a title guarantee in the full amount of the purchase price procured and paid for by.Seller. 6. EVIDENCE OF TITLE Seller shall be required to provide an abstract or guarantee of title, statement of title, title insurance, or any such other evidence of title at Seller's expense upon request from Buyer. Such evidence of title shall show marketable title of the Property conveyed free and clear of all encumbrances except those mortgages or liens, if any, mentioned herein, easements, restrictions, limitations, reservations, covenants and conditions of record not coupled with a possibility of reverted, right of reentry, or other riveter right that amounts to a qualification of the fee, and subject also to applicable zoning ordinances and real estate taxes for the year in which the deed delivered and thereafter. 7. TAXES AND ASSESSMENTS Seller shall pay all general and special taxes, liens, and charges including any and all assessments when the real estate taxes and insurance become due and payable, Buyer shall pay same directly to J&B Rentals and the monthly amount will be added to their monthly mortgage payment in the amount of$209.50. Which the tax payment is $ 142. 58 and the insurance payment is $66.92 for a total monthly payment of$883.62. 8. RISK OF LOSS AND INSURANCE Buyer shall be liable for risk of loss by negligence, fire, or other casualty. Seller agrees to keep the Property insured, with at least content, liability, fire, casualty, hazard, and windstorm insurance with an insurance company and to an amount satisfactory to Seller and a comprehensive liability insurance coverage for the benefit of both Parties, as their interest may appear, and provide a copy of said policy to Buyer or to any mortgagee. All insurance proceeds shall be payable to Seller. 9 UTILITIES Buyer shall pay the cost of all utilities in connection with the Property, including, but not limited to, telephone, gas, electric, water, sewage, and cable, that may become due or payable on or after the Effective Date. Buyer shall at no time have any utility service disconnected without written authorization from Seller. 10, POSSESSION OF PROPERTY Upon execution of this Contract, Buyer shall take possession of the Property and shall enjoy peaceful possession of the Property for as long as all payments due under this Contract are made in a timely manner and all other terms and covenants are in compliance. 11. TIME IS OF THE ESSENCE Time is of the essence with respect to the terms and provisions of this Contract. The time of each payment shall also be an essential part of this Contract. 2