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I , . � ,' A"rated insurer and such insurance policy shali list the Rynnan Construction,Inc. as I Additionai Insured. Ho�eawner(s}agrees an their behalf of their insurer to waive any and a11 subragation rights under said Builders Risk palicy against the Builder arising directly or indireetly out of,or in cannection with the performance af a1I services. � 14� CONTRACT CRANGE f3RI3ERS: Owner may at any reasonable time during the progress af the work,,by an order in writing, agreed to and signed by both parties,make any alteration in the ptans and specifications,and the wurk shall then be executed according to confarmance with an executed Cantract Change Order.Any change from the signed pians and specifications must be in writing and must be paid for at the time the change is agreed upon.If the change is a deletion the amount shall be cre�ci%ted against the final payment.There will be a$250.00 administration fee for any change order. 15) COMMENCEMENT DATE AND PROTECTION: The contract amount has been deterxnined as af the Contract date.Because of periods of inflation in the building industry,Buiider will only guarantee that amount for 45 days from Contract date. If any problems arises which delays ; comrnencement thraugh no fault of Bwilder,there may be an addifianal amount added to ; ' contract.This figure wi11 be determined at the time that canstruction cammences.At that time,if Builder requests a price increase in writing, t�wner has the firm aption of canceling the Contract by a letter in writing ta Builder withi.n the(10}calendar days from the date increase is requested. I 16} CULLECTIUN COSTS: The words,"Owner", and"IBuilder",herein employed,shail be , construed to include the plural as well as the singular and this Contract sha11 be binding upon their heirs,admuustrators,executars,successors, and assigns and the masculine shail include the � feminine and neuter,where the Contract so requires. Owner or Owners,jaintly and severally, as the case may be, sha11 be personally responsible to Builder for ail amounts due Builder there under. Should litigation become necessary due to a conflict between Owner and Builder,the t�wiaer and Builder hereby waive the right to a triai by jury, and agree to�a nan jury trial through mediation and hinding arbitration,to settle the dispute thereof unril paid and should it became necessary for Builder to callect said paymen#s through�.n attorney,the Owner hereby agrees ta pay all costs of such callection,including a reasonable attorney's fee. 17� CUNTRACT EXECUTION: If this contract is not executed by Builder and�wner on or before December 31,2014,this contract shall be null and void. 18) WARRANTY:The Builder warra�ts a11 labor and material(Supplied by the Builder) for a periad of one year cammencing at the date on the Certificate of Qecupancy.The intent of the Builder is to warrant defects in labor and materiais only and not damages incurred as a result of defects. Initial_�`��'" I�itial Page 4 of 13 �-�.,�.,__._--� .r-