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(a) Fees, Prepayments: Seller shall pay for the WDO inspection and tax service, underwriting, and document preparation fees required by the lender, and for recording fees for assigning Purchaser's mortgage. Purchaser shall pay all prepayments and escrows for taxes, hazard insurance, flood insurance, when applicable. (b) Appraisal Repairs: If the cost of Appraisal Repairs exceeds the limit imposed by Paragraph 2 above, Seller must, within 3 days after receiving notice of the excess cost, give Purchaser written notice of Seller's intention to pay some, all, or none of the excess amount. If Seller elects to pay less than the full amount of the excess.cost, Purchaser may elect to pay the balance or cancel this Contract. Purchaser's election must be in writing and provided to Seller within 3 days after receiving written notice of Seller's election. 5. ELECTION TO PROCEED WITH CONTRACT: In the event Purchaser elects under Paragraph 3 or 4 above to proceed with this Contract without regard to the amount of reasonable value established by the Federal Housing Commissioner, U.S. Department of Veterans Affairs, or Direct Endorsement lender, such election must be made within 3 days after Purchaser receives the appraisal. (If Purchaser and Seller agree to adjust the sales price in response to an appraised value which is less than the sales price, a new rider is not required. However, the loan application package must include-the original sales contract with the same price as shown on the above clause, along with the revised or amended sales contract.) dotloopp ,,,,7Xve .7D8 PM EST 104AONU-NQM"G2H BUYER Date Date I BUYER Date SELLER Date I i douoop_rined 11 84;A7 PM EST LlWMWZ_0 P t I ` BROKER Date BROK R Date i i i I, Page 2 of 2 E. FEDERAL HOUSING ADMINISTRATION CR-5 Rev 9/15 @2015 Florida Realtors®and The Florida Bar. All rights reserved.