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202107229 <br />inspected at BUYERS' expense. SELLER agrees to make the property available at reasonable <br />hours for this purpose. <br />10. Inspection for Termites. Prior to closing, BUYER shall have the right to an <br />inspection for termites and other wood destroying insects and BUYER shall pay that inspection <br />expense. SELLER agrees to make the property available at reasonable hours for such purpose. <br />In the event that this inspection reveals live termites or wood destroying insect infestation or <br />damage from a prior infestation then the SELLER shall have the option to either pay for the <br />extermination of the insects and treatment of the property, together with correction of the <br />infestation damage, or rescind this agreement unless BUYER waives the extermination and/or <br />repair requirements. In the event the agreement is rescinded, any earnest deposit payments <br />SELLER has previously received from BUYER shall be refunded to BUYER. <br />11. Inspection for Radon. Prior to closing, BUYER shall have the right to an inspection <br />for Radon leaks and BUYER shall pay that inspection expense. SELLER agrees to make the <br />property available at reasonable hours for such purpose. In the event that this inspection reveals <br />Radon gas then the SELLER shall have the option to either pay for the repair of the property, in <br />an amount not to exceed $500.00, or rescind this agreement unless BUYER waives the repair <br />requirements. In the event the agreement is rescinded, any earnest deposit payments SELLER <br />has previously received from BUYER shall be refunded to BUYER. <br />12. Lead Base Paint Hazard. If applicable, this contract is contingent upon a risk <br />assessment or inspection of the property for the presence of lead-based paint and/or lead-based <br />paint hazards at the BUYERS' expense until 9:00 p.m. on the tenth day after signing this <br />contract. This contingency will terminate at the above predetermined deadline unless the <br />BUYER or BUYERS' agent delivers to the SELLER or SELLERS' agent, a written contract <br />addendum listing the specific existing deficiencies and corrections needed, together with a copy <br />of the inspection and/or risk assessment report. The SELLER may, at the SELLERS' option <br />within 10 days days after Delivery of the addendum, elect in writing whether to correct the <br />condition(s) prior to settlement. If the SELLER will correct the condition, the SELLER shall <br />furnish the BUYER with certification from a risk assessor or inspector demonstrating that the <br />condition has been remedied before the date of the settlement. If the SELLER does not elect to <br />make the repairs, or if the SELLER makes a counter-offer, the BUYER shall have 10 days to <br />respond to the counter-offer or remove this contingency and take the property in "as is" <br />condition or this contract shall become void. The BUYER may remove this contingency at any <br />time without cause. <br />13. Disclosure Statement. BUYER acknowledges before signing this Agreement that <br />they received from SELLER a completed Seller's Property Condition Disclosure Statement as <br />required by NEB. REV. Stat. Section 76-2,120. <br />14. Costs: SELLERS. SELLER shall pay the following costs and expenses in <br />connection with the Closing: (a) the Nebraska Documentary Stamp Transfer Tax; (b) one-half <br />('/2) of the closing fees charged by the Title Company's closing agent; (c) one-half (1/2) of the <br />cost incurred with the Title Company to issue an owners policy to be furnished to Purchaser; (d) <br />shall pay all costs associated with clearing title to the real estate being sold; (e) all special <br />assessments levied or assessed, or special assessment districts that have been created prior to the <br />date of closing; (f) the cost to record any release of mortgage(s). <br />Page 3 of 5 <br />