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201802569 3. Prorations: Taxes, insurance, interest, rents and other expenses, and revenue of said property shall be prorated as of the date of closing. 4. Restrictions, Easements, Limitations: Buyer shall take title subject to: (a) Zoning, restric- tions, prohibitions and requirements imposed by governmental authority, (b) Restrictions and matters appearing on the plat or common to the subdivision, (c) Public utility easements of re- cord, provided said easements are located on the side or rear lines of the property, (d) Taxes for year of closing, assumerr ortg4ges, and purchase money mortgages, if any, (e) Other restric- tions, if any: 1 v / P . Seller warrants that there shall be no violations of building or zoning codes at the time of closing. 5. Default by Buyer: If Buyer fails to perform any of the covenants of this contract, all money paid pursuant to this contract by Buyer as aforesaid shall be retained by or for the account of the Seller as consideration for the execution of this contract and as agreed liquidated damages and in full settlement of any claims for damages. 6. Default by Seller: If the Seller fails to perform any of the covenants of this contract, the aforesaid money paid by the Buyer, at the option of the Buyer, shall be returned to the Buyer on demand; or the Buyer shall have only the right of specific performance. 7. Termite Inspection: At least 15 days before closing, Buyer, at Buyer's expense, shall have the right to obtain a written report from a licensed exterminator stating there is no evidence of live termite or other wood- boring insect infestation on said property nor substantial damage from prior infestation on said property. If there is such evidence, Seller shall pay up to three percent (3 %) of the purchase price for the treatment required to remedy such infestation, including re- pairing and replacing portions of said improvements, which have been damaged; but if the costs for such treatment or repairs exceed three percent (3 %) of the purchase price, Buyer may elect to pay such excess. If Buyer elects not to pay, Seller may pay the excess or cancel the contract. 8. Roof Inspection: At least 15 days before closing, Buyer, at Buyer's expense, shall have the right to obtain a written report from a licensed roofer stating that the roof is in watertight condi- tion. In the event repairs are required either to correct leaks or to replace damage to fascia or soffit, Seller shall pay up to three percent (3 %) of the purchase price for said repairs which shall be performed by a licensed roofing contractor; but if the costs for such repairs exceed three per- cent (3 %) of the purchase price, Buyer may elect to pay such excess. If Buyer elects not to pay, Seller may pay the excess or cancel the contract. 9. Other Inspections: At least 15 days before closing, Buyer or his or her agent may inspect all appliances, air conditioning and heating systems, electrical systems, plumbing, machinery, sprinklers and pool systems included in the sale. Seller shall pay for repairs necessary to place such items in working order at the time of closing. Within 48 hours before closing, Buyer shall be entitled, upon reasonable notice to Seller, to inspect the premises to determine that said items are in working order. All items of personal property included in the sale shall be transferred by Bill of Sale with warranty of title. SmaAL.egadForms LF120 Agreement to Sell Real Estate 8 -16, Pg. 2 of 6