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<br />Also. tho olec1ion wiD only be pormitted if tho pJans 8I1d speciticatioos aDd \lOtlbaots for tho Repairs 8Rl appmved <br />by Seller, which appmwt Seller sbaIIllOt ~ witbhoJd or delay. If such a permiUecl eIeolioa is made by <br />Purabsser, Soller aDd Purabaser shaI1 joilIdy deposit, when paid. such ~ procoecIs ia10 such e8ClJOW. If <br />such iasanIaoD proceeds 810 _~ mr the P.opabs, PutdJaser shall, boftw the oCQtDU~ of 1he <br />Reptirs, deposit ia10 such escrow sufIicient ~itionAllllOIlO)' to iDsure tho tbIl payment for tho Repairs. Even if <br />tho ......n- proooods .. UDIW8iI8blo or ate a...um..ieat to pay tho cost of tho Repaift, Pudasor shall at aU <br />1Unos be ~Je to pay tho tbU cost of tho Repairs. All escrowed tlmds shall be disbursed by tho escrowee in <br />IJ41ClO-.I...... willi gcmeraIIy llGCCpW I01IftIl ~~ clisbunemmd proaedIuaJ. The ooJ1s iacamld or to be <br />ineurred on 8CCOlIDt of saoh escrow shall be c1oposited by Purabaser iD10 such OSCIUW befme the ~..Il.._~ <br />of the RcpainL Pasdulsor shsD oompJero tho repair work . lIOQft as 1'08SOIIIIbIy possibIo .. ill e sood lI1Id <br />worInmmliq _, 8I1d in any 0WDt tho Repairs sbaI1 be comp1etlld by PmdJasor witbin one year lItler the <br />daIDase OQQIIIL It fOUowiDs thocompletiOD. of _ paymnt for tho Repairs, there teJbaiD any UIIIIisbmsed CSOIOW <br />f\mds, such timds sbaU be applied to pa.yment of tho amounts payable by PmdJasor under this Couttact in <br />~witIa pal.... 8 (e)8bow. <br />9. ~~_~~.._~. <br />(e) L1AB1LlTY. 8ellor sIla1l be ho ftom liability earl claims for damaps by l'OIIIlOII of iqjurios -out.u. 011 or .. <br />tho date oftbis Contract to any person or pursons or pmperty while on or about tho Property, eDept as o1horwise <br />pmWfed fOr in dais ..~ Plud1asot sIJaJl cletond ami iadeauli1Y Seller &om ell liability, loss, cos1lJ eud <br />~ ~iIts reasonable attomoys' fees. on 8CXlOU1It of or arisiss out of any such iqjDrios. However, <br />Put..... shall have ao JiabiIity or obIip1ioa to Soller tOr such iejuriDs wbiIlh .. 08lI1I0d by tho ~ or <br />~ WIOIIgfbI aots or omissions ofSeUer. <br />(b) IJABn..rrY INSURANCE. Putchasor shaD, at Pmdau;er's expDIl8O. proc:aIl1I ad maintain IiabiIily ....... <br />apinst eJaims for bodily iq1uy. death sad property damsp 0CClIII1ing on or about tho Property in lUII01IIIts <br />RlIISOIlabIy IIldisfiu:tory to Soller -1I81IIiDs Sell<< as en ad4i1iouI iasunld. <br />10. INSURANCE, GENERALLY. The insurBnco which Ptmlbaser is required to plDCllIRlI sad maintain purslJlIIIt to <br />I*\apphs 7 8IIll9 oftJds Ccxdr8ct!IImB be issued by an irIsanmoo oompaay or ~ ticensod to do businuss ill tho <br />S1ate of Min~ sad acaoptable to SeIlor. Tho iDsanml:e shall be mairdained by PmdJasor at aD 1Unos wbilo any <br />8IIlO1lIIt remains unpaid 1IIIIIer this CoIdJaIlt. Tho it-taugo policies sbaII pnwido for llOt less than 11m days' wriaIm <br />no1ico to Soller bcforv CIIIlClDJJation uon-renewaJ. termination or dumge in ooverago, 8I1d PoJChaser shall deJiwr to <br />SeIloradupJieatootiplal or _~ ofsuob insul8DCO poJicyor po1ioies. <br />11. CONDEMNATION. If aU or any part of tho Property is taken in condemaa1ion procoecIiDp jn.d;I..~ under power of <br />emineat domaia or is coawyecl it Iiea thoNof WIder t1uaIt of ~ tho IIlOJIU)' paid punIl18Dt to suob <br />oondemnation or CGnVO)'BllC8 in 1iou thunlOf shall be applied to paymeat of the amomdS payable by Ptmlbaser under tbis <br />CoaIract, ovea if such 88lO1IIIts ate DOt them duo to be paid. Suoh amGlIIdlI shaD be applied in tho samo _ as a <br />prepaymeat as provided in parasraph S of this ContnIot. Such paymoDIs shall not pOStpoDo the clue date of the <br />iasIaIImODts to be paid plIJIIII8IIt to this Couttact or obeDp tho IIIIlOUIIt of sach ~ Tho bafange. if any, shall be <br />tho pmperty ofPunmasor. <br />12. WASTE, REPAIR AND LIENS. Porclhasor shall not maovo or dumoIish eo.y ladJdlJlp. ~........ or 1'ixtuIes ROW <br />or later located on or a part of tho Property. 1101' shall Purchaser commit or aI10w waste of the Property. Purchaser sbaIl <br />maiaIain the Ptoperty in goocJ ~ and repair. ParoJmaer shaIlllOtClN8fe or permit to BCOJUe Iieas or adveJso olaims <br />apiDst tho Property which ~ a lion or claim apiDst So1Jer's interest in tho Property. Purchaser shall pay to <br />Seller aD 8IftOUDtB, costs 8*1 expoases. iao1D4ins ~ attomey's -. ilaarrud by Soller to lUlOVO any such Iicms <br />or adverso cIaUns. <br />13. COMPLIANCE wrrn LAWS. Except for matters which SeIlor bas cre&Illd. suffcnd or poIJUlitted to Gist prior to tho <br />date of thi& CcmSaIGt, Potdlasof shall comply or causo oomptieUClQ wid1 all laws 8Dd repIlItioIls of any pemmeI1t8I <br />authority which a1fect tho Property or tho ID8IIIIer of using or v9Olal:iaa the same, 8IIll with aD restrictive ClOVeIIIIDIlI, if <br />1tlY.1IfI'cdiJI& tide to tho Psoperty orthe use dacnof. <br />14. RECORDING OF CONTRACT; DEED TAX. PIuchaser sbaII, at PurcJIaer's expense, RlC01'd 1bis Contract in tho <br />offieo of the 001lIIly NCOtd<< ot ftlSisImr of tides in the CIOlIIIty ill which . Ploperty is loaated wiIIIin -- (4) IDOlIIhs <br />after tho date honlot: Purabaser shaD pay any peaalty imposed U1Kler M"~ Statutes Section SO?.235 fur failDIe to <br />timely ftlClOId tho COJdr8OL Sc1lGr skatI. upon Ptudlaser's th11 ~ ofdlis CaatIBct. pay the.. faX due upon <br />tho teIlO11IiDa of the deed to be deJiWJed by So1Jer. <br />IS. NOnCE OF ASSIGNMENT. SeUer Ill&)' DOt aasip his risJds 1I1Idor this Coabact without the prior wdUOD ccmsent of <br />Pu.~. <br />16. PROTECTION OF INTERESTS. IfPurohaser fails to pay any sum of IIlOJlC)' required under the terms of1his CoJdmct <br />or fails to perfonn 811)' of tile PlaoItasclr's (~W- as sot tbrlh in 1Iba CoJdIaDt, SeDor af, at SoIIo(s opIion. pay tho <br />same or CID1SO tho IIlIIIlO to bepmtimdecl, or both, .... the 81IIOlIIIIB so paid by SoJ1er sad the QOSt of such ped"omuaa <br />sbaIl he payablo lit 0JlCl0, willi iatelest lilt tho ndB sI8bld iD ~ 4 of t1tia CoI1t1act. 8lI aD eddiIiDDsl 8IlIDlIJd duo <br />Seller under this Cont1act. SoJ1er shall not .....A.. CRlIIde. suffer or penDit to 8lilOIU8. any &4Cf1tgago, ClOJI1:r8ot fur deed. <br />IieB or ~ agalust tho Proparty wIIiob is DOt horoiD 0llpNSSly 8lISIIIDed by PlmlIu.Isor or wid10Dt 1110 writtIla <br />00IIS0JIt of Purchaser. <br />11. DEFAULT. Sco~Nf4-dnm <br />18. BINDING EFFECT. Tho terms of1bis CoIdmct shall run with the Iaad and bind tho parties hereto and their IlDCCleIIS01'S <br />ill iIdInst <br />