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. ' �� OR BK �� 5� 3832 ! I PROPERTY TAXES AND EMERALD POINTE ASSESSMENT FEES Z , ', 3. For the duration of this Agreement, the Purchaser will be responsible for all property taxes (the , I "Taxes") and Emerald Pointe Property Owner's Monthly Assessment fees (the "Assessment Fees") ' levied against the Premises. � ' INSURANCE � 4. The Purchaser is not responsible for for insuring the Seller's contents and furnishings in or about the Premises against either damage or loss and the Purchaser assumes no liability for any such damage or loss. '� 5. The Purchaser is hereby advised and understands that the Premises is not insured by the Seller for ,' either damage or loss to the structure,.mechanical or improvements to the Premises, and the Seller , assumes no responsibility for any such damage or loss. 6. The Purchaser is responsible for maintaining liability insurance on the Premises during this Agreement. � � PURCHASER'S DEFAULT � 7. In the event of the Purchaser's failure to perform any covenant or condition of this Agreement, the , Seller will give the Purchaser a notice of default. The notice will give the Purchaser 30 days from the { date the notice is received to remedy the default. If the Purchaser fails to remedy the default within � 30 days, then the entire balance of the Purchase Price will become due immediately after the thirty (30) day period to remedy the default expires (the "Notice Period"). Failure to pay the full amount of � the Purchase Price owing will result in the termination of this Agreement at the end of the Notice Period. � 8. The Purchaser and the Seller agree that in the event that the Purchaser fails to remedy a default and this Agreement is terminated,the Purchaser will vacate the Premises within 30 days of the Agreement , terminating. The Purchaser and the Seller further agree that failure of the Purchaser to vacate within that period gives the Seller a right to maintain an action to obtain vacant possession of the Premises. � 9. In the event of default and termination of this Agreement by the Purchaser, the Purchaser forfeits any and all payments made under the terms of this Agreerrment, including but not limited to all payments ; made towards the Purchase Price, and any and all taxes, Assessment Fees, and insurance premiums paid by the Purchaser, as liquidated damages for breach of this Agreement. Any improvements made to the Premises by the Purchaser will be reimbursed by the Seller to the Purchaser upon proof of valid receipts for the improvements. � 10.The Seller reserves the right to recover damages resulting from the willful acts or negligence of the , Purchaser. i , 2 '