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83- 003452 after date of possession. Buyers shall provide to Sellers re- ceipts for all taxes and encUIHhrances paid and shall pay all su6htaxes when due. 12. Property. Immrance . Buyers agree that during the term of this Agreement the Buyers will carry, at their own expense, fire and ej(.tended coverage insurance on all improvements presently or her~l1!after locat.ed on the real property being sold in a minimum amount of eighty percent (80%) of replacement value of such im"" prove:l:nents. All such policies shall. notice this Agreement and shall contain a 1.05S payable clause naming the Sellers and Buyers as their interest may appear. Such policies or certificates of inSUral'l.Ce shall be delivered to the E!;:crow Agent to be held pur-- sUant t.o the terms of this Agreement. 1:3. Liability Insurance. 'I'heBuy(:~rs shall indemnify and hold l:'ll:lrmless the Sellers from any and all demand, loss or 1ia- bilit:~ resulting from the injury to or death of any person or persons, or injury to the propert,y of another person occurring after the date that possession is qivento the Buyers and 1."e- su1ti1:19 fx:om the condition of such property or the conduct of the Buyers. The Buyers further agree that during the term of this J\9reement the Buyers shall, at their expense, carry liability insurance in a reasonable amount agreeable to Sellers and i11cluding the Sellers therein as an additional insured. 14" Risk of Loss, lqarranties. Risk of loss or damage to the property being sold hereunder shall remain on the Sellers until 1=l1e date of closing and shall Pass to the Buyers at t,he time of closing. No warranties, express or implie.d, are given premises, lllliprovements, fixtures, (:;quipment or if and all are sold "as is." have in- and agree to it i'S.,U 10'.,' lng i s X~ ':),,. 11"1 'l'ne COlm:U€:} rG la-I - 4 -