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q, S _ 5. INSURANCE: Contractor shall maintain general liability, workers compensation and builder's risk insurance. 6. SURVEY AND TITLE: If the Project is near the O er's property boundary, Owner will point out property lines to the Contractor. If the Owner or ntractor has any doubt about the location •of the property lines, Owner shall provide Contractb with boundary stakes through a licensed surveyor. In addition, Owner shall provide Contracto ocumentation that Owner has title to the Work Site and shall provide Contractor copies of an :' ovenants, conditions, or restrictions that affect the Work Site.. Customer agrees that they ve.. also obtained permission from their 'homeowners association and holds harmless the contr 'tor from any and all disputes arising from , ,approval from the HOA. 7. CHANGES TO SCOPE OF WORK: Owner ma -make changes to the scope of the work, 'including changes to the drawings and specifications, om time to time during the construction of the Project. However, any such change or modificati n shall i only be made by written "Change Order" signed by. both parties. Such Change Orders ', all become part . of this Contract. Owner ,agrees to pay any increase in the cost of the Project as' jesult of a Change Order. In the event the .cost of a Change Order is not known at the time a C ge? Order is executed, the Contractor shall • 'estimate the cost thereof and Owner shall pay the ac cost whether or not it is in excess of the estimated cost. 8. CONTRACT PRICE: DEPOSIT Owner agrees to pay Contractor the actual cost to Con . ' stor of materials plus the sum of $0.00 for performing the services sef in the scope of the work. Contractor shall be paid as follows: • DEPOSIT WAIVED PER JEFF HERRINGTON = PAYMENT UPON COMPLETION p • • Owner agrees to pay Contractor the sum of $$9450.00 ` ., for performing the services set forth in the scope of the work. Contractor shall be pai . follows: NINE THOUSAND FOUR HUNDRED FIFTY DOL • S AND 0 /100 ** *PAYMENT IS DUE UPON SUBSTANTIAL CO LETION OF WORK NO EXCEPTIONS UNLESS AGREED IN ADVANCE WRITING**************** • :f 4. 9. LATE PAYMENT/DEFAULT: A failure to make'ayment for a period in excess of ten (10) days from the due date shall be deemed a material breach of this Contract. If payment is not made when due, Contractor may suspend work on the job until such time as all payments due have been made without breach of the Contract pending paymentr resolution of any dispute. Owner agrees to pay a late charge of 1.5% of all payments that are more than ten (10) days late plus interest at the rate of 18% per annum. Owner is responsible for any and ALL collection costs, lien filing fees and administrative charges arising from non - payment of invoice due. - 2 - INITIAL HE