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200209089 The first installment is due on or before January 1, 1997, and yearly thereafter until paid in full. An amortization schedule is attached hereto, marked Exhibit "B" and made a part hereof by reference; (c) The Buyers are given the option of paying all of the unpaid balance on any monthly payment date, and additional payments, in multiples of $100.00 or more, on any monthly payment date, all without penalty. Any prepayment privilege granted herein is conditioned upon Buyers having made all required payments and having performed all of the terms required of them by this Contract. Any prepayment made hereunder does not affect the required monthly payment due thereunder but must be in addition thereto. (3) Payment of Interest. The balance of the purchase price in the sum of $49,542.96, or such other balance as may be due hereunder from time to time, shall draw interest at the rate of six per cent (6 %) per annum. Any payment not made by the 10th of any month shall be considered delinquent and shall draw interest at the rate of six per cent (6 %) per annum from and after date of default. (4) Taxes and Assessments. Sellers agree to pay the 1995 and all prior years real estate taxes in full. The Buyers agree to pay the 1996 taxes and all subsequent years taxes before the same become delinquent. In the event that the Buyers permit said taxes to become delinquent, the Sellers are given the option of paying such taxes, and the amount of such payments shall be considered advancements and shall draw interest at the rate of six per cent (6 %) per annum until paid. (5) Insurance. The Buyers shall obtain, at their cost, public liability insurance with coverage of at least $100,000.00 covering injury or death to person or persons on said real property, with the Sellers named as additional insureds in said policy. Buyers shall provide Sellers with copies of said insurance policies or certificates of insurance at all times during the term of this Contract. (6) Possession. Buyers shall have possession of said real property, appurtenances and personal property upon closing. (7) Risk of Loss. The Buyers have inspected the real property and the improvements thereon and accept the same in their present condition, with all risk of loss to the improvements resting with the Sellers until possession of the same is given to the Buyers. -2-