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Possession of the premises shall not be delivered to the Owner until the residence has been fully constructed and the full contract price has been paid to the Contractor. It is agreed that the Contractor will deliver a notice of occupancy to the Owner,and that the Owner shall,within ten(10)days after receipt of said notice, make final payment to the Contractor. Time is of essence in this agreement. At the time of such final settlement, an affidavit of"no liens"covering all materials and labor will be presented to the Owner by the Contractor. It is expressly understood and agreed that the Owner is not to occupy or otherwise take possession of the premises being improved pursuant to this contract prior to such final settlement, unless written consent to such occupancy prior to settlement is granted to the Owner by the Contractor,and the Owner,prior to such occupancy,have paid the full contract price to the Contractor. The above price is guaranteed to Owner for 45 days through February 28,2019,or until the start of construction if such start is delayed beyond this time by the Contractor.Should start of construction be delayed beyond this time by Owner,or due to ruling or regulation of any governmental authority,or due to any other cause not the fault of the Contractor,then the above price will be adjusted to include all price changes occurring 60 days after the date of this Building Agreement. THE CONTRACTOR RESERVES THE RIGHT TO CANCEL THE BUILDING AGREEMENT IF CONSTRUCTION DOES NOT START WITHIN SIXTY(60)DAYS FROM THE DATE OF THIS BUILDING AGREEMENT. THIRD: The said residence to be Contractor's Model Name (Diaz Residence) Product Line: Wentra Construction,Inc.,with details of material and construction to be comparable to those used in the Standard Features sheet dated: 01/16/2019 for such changes as set out on Section 2-B of this Agreement.Plans and specifications of this home are subject to any change necessitated by Governmental Regulations. FOURTH: Should the Owner at any time during the progress of said residence desire any alterations to or deviations from, additions to, or omissions of said agreement, such change or changes shall be made when practicable, provided they are acceptable to the Contractor. Any alteration or modification of this Agreement shall be effective only if made in writing signed by both parties; no oral modification shall be effective or binding. Provided such modification is made in writing, it shall in no way injuriously affect or void this Agreement;the cost differences shall be added to or deducted from the amount of the Agreement,as the case may be, by a fair and reasonable valuation. Upon approval by the Owner of their customer approval plans,Contractor may then produce production prints for distribution to subcontractors and suppliers. Should changes be required by the developer of the subdivision where said lot is located, or by competent municipal or other governmental authority having jurisdiction over construction practices on said lot, such changes shall be made at the owner's expense. Such written modifications may lengthen the time required for construction by a number of days as specified by the Contractor in each written modification_The previously estimated completed residence delivery date shall be extended by a number of days equal to the cumulative number of days specified in all written contract modifications. FIFTH: Each change requested by the Owner subsequent to said customer approval plan shall carry a surcharge of S100.00 per change in addition to the regular charge or credit attendant to the change requested and is subject to construction department approval. SIXTH: The Contractor will furnish Builders Risk Insurance in the full amount of this contract during the construction period. Contractor will also furnish Workman's Compensation and General Liability Insurance. SEVENTH: It is hereby agreed that the installation of Water/Electric meter and necessary surveys including a fresh shakeout of the lot will be at the expense of the Owner. The Owner will pay utility company bills for electricity and water used during construction. Should electricity or water not be Page 2 of 5 0 Copyright,WENTRA CONSTRUCTION,INC_