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f OR BK �� PG ��3� 3 of 5 SELLERS RIGHT TO REINSTATE AGREEMENT AFTER DEFAULT 11. In the event of the Purchaser's default and the termination of this Agreement,the Seller, at his sole � discretion, will have the right to reinstate this Agreement. In exercising his discretion,the Seller may require the Purchaser to: i) pay all amounts due and owing under this Agreement had the Agreement not been terminated; ' ii) cure any defaults that have occurred; and iii) pay all expenses incurred by the Seller in enforcing their rights under this Agreement. 12. All payments made under the preceding provision must be made in a form acceptable to both parties. ' USE OF PREMISES � 13. During this Agreement the Purchaser maintains the sole right to possess the Premises and make any improvements to the Premises in accordance with the covenants of Emerald Pointe Property Owners � Association. DEED AND EVIDENCE OF TITLE 14. Upon payment of the full Purchase Price, including all Taxes and Assessment Fees, the Seller agrees to deliver to the Purchaser, within thirty (30) days, a Warranty Deed to the Premises in the name of the Purchaser, free and clear of all liens and encumbrances. NOTICES 15. All notices required to be sent under this Agreement will be sent by pre-paid registered mail to: If to the Purchaser: � Randy and Lynn Stanley of 382 Bucksaw Junction, Grayson, KY, 41143, United States � If to the Seller: David E. and Ruth Ann Anker of 38504 Monet Drive, Zephyrhills, FL, 33540, United States ' � CHARGES FOR LATE PAYMENT 16. In the event a monthly installment payment from the Purchaser is ten (10) or more days past due the � established due date,there will be a late fee of$25.00 assessed to the Purchaser as a reasonable pre- estimate of the Seller's loss as a result of the late payment. Such fees will be deducted from any payment to the Seller before being applied against the monthly installment owing. , 3