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. , . . --_ <br /> � r � ; <br /> 3}CONTRACT FRICE AND PAYMENT SCHEDULE: The contract price af said hause is Une <br /> �iundred and�iztv-5ix Thousand.Twa Hundred and Ni�et�-Sig Dt�uars and No Cents <br /> {�16b,296A0)shali be paid ta the Buiider as foilaws: <br /> According to the lending institution's draw scheduie and/or Ryman Construction,Inc. draw <br /> schedule,(See attached). Provided however,that priorto commencement of construction, Owner <br /> will deposit in an escrow accaunt at the lending institution a sum of money representing the <br /> difference between the mortgage amount and the contract price. Upan natification that the <br /> maney is on deposit,Builder will commence construction process.All draws ar.the release of <br /> any monies by the lending institution shall be released directiv to the Builder Ryman <br /> Canstruction,Tnc. Construction Draws must be received by Ryman Construction,Inc.within <br /> seven(7}calendax days from date af Draw Request.Failure to do sa constitute a Bre,�ch of � <br /> Contract and Builder will stop atl work on construction site until such funds are received by <br /> Ryrnan Constructian,Inc Builder vv�il not be held responsible for any delays in canstruction <br /> caused by failure of the Owner to meet any conditian af this agreement. <br /> 4�BUILDERS RIGHT OF EXCLUSIVE POSSESSIONS: Builder shall have the right of exclusive <br /> possession and occupancy af said house until all af the fallowing are completed: <br /> 1. Signed iifinal walk through"form by Homeowner and Builder. 2. Receipt of signed <br /> "Homeawner's Fina1 Affidavit"accepting house cons�ruction. 3.Payment af all change orders <br /> and adjustments in full by Homeowner. NlA � <br /> In the event the Qwner accupies the house before acceptance and final payment, Builder shall <br /> then be entitled to receive full payment af the contzact price including change orders,arnd the <br /> construction shall be deemed#o have been approved and accepted by owner. <br /> 5) INSPECTION RIGHTS: Buiider shall permit inspection of the wark by Owner anly at all <br /> reasonable times, and the wark sha11 be done in accordance with the Law and Rules and <br /> Regulations of Pasca Countv and/or the State of Florida. <br /> 6) PE�Ts: Builder sha11 obtain and pay for the electri�cal,piumbing,and HVAC,aGnd building <br /> pezmits necessary to construct the home according to the plans and specificatians. Impact fees, <br /> for items such as the electrical hoak-up,water,sewer,traffic, school,pazk,etc.,aze included as <br /> an allawance item as at time of contracfi as they are nat exactiy known unl.ess. These items and in <br /> the allowance items page of contract <br /> 7� HOME FQiTNDATION: The amaunt charged far the faundation under"BASE H4ME"on the <br /> contract includes an average of three(3)courses of block(24"average)off the concrete footer. <br /> Shauid fihe elevation exceed this tl�ree(3)courses average,there will be an extra charge which � <br /> will be paid ta the builder upon the pouring of the floor slab for extra block work,labar, <br /> materiats an.d excess fill dirt. This may differ if home is constructed with a monalithic�aour. <br /> This nroiect��lls far a monolithic nour.The building nad will be elevated 16" above <br /> existin��rade of lat <br /> Initial /�� <br /> �-___._ <br /> Initi -� � <br /> , Page 2 of 13 <br /> � < <br />