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materials; the Architectural Control Committee in its sole discretion shall have the right to accept or reject any landscape plans; (6) Construct a bituminous or concrete driveway from curb to house; (7) Shape all drainage ways and provide "elevation certificate" which shows the actual elevation of the house, lot corners, and verifying the lowest open elevation, signed by a surveyor registered by the State of Minnesota, evidencing completion of final grading in accordance with any approved Drainage, Grading and Development plan in accordance with the municipality; (8) Adjust the "curb stop box" to the proper elevation (flush with the finished grade elevation and yet exposed); (9) Provide garage and driveway fill, compacting and testing as required; (10) Promptly and accurately replace any Lot comer stakes which are removed or displaced during Purchaser's construction of improvements. Purchaser expressly understands that all Lot corner stakes are to be in place and visible after the sod has been laid and prior to a Certificate of Occupancy being issued by the City of Centerville with respect to the improvements. In the event that the street, curb, in -place utility stubs, wiring or piping in boulevards or streets are damaged during the construction on the Property, Purchaser will repair such damage or reimburse Seller for the cost of repair of said damage if determined to be caused by the Purchaser or its subcontractors; (11) Remove any rubbish, including stumps and brush from the Property; (12) Remove and place excess fill upon other lots or at such location within Seller's development area as Seller directs. if no site is made available buyer will still be required to remove excess fill at buyers expense; (13) Deposit all construction debris in an enclosed container approved by the seller; (J) That in the event any item in Paragraph 7.2(1), is not completed or complied with at the time Seller is requested to provide a Partial Satisfaction of Mortgage to the Purchaser, Purchaser shall enter into an Escrow Agreement, satisfactory to Seller, to escrow with Richard S. Carlson and Associates, L.L.P., the estimated cost to complete the item or items according to the following schedule: 7.2(1 -1): $ -0- 7.2(1 -7): $100.00 7.2(I -2): $ -0- 7.2(1 -8): $100.00 7.20 -3): $750.00 7.20 -9): $100.00 7.2(1 -4): $200.00 7.2(1 -10): $100.00 7.2(1 -5): $1,000.00 7.2(1 -11): $100.00 7.2(1 -6): $1,000.00 7.2(1 -12): $ -0- 7.2(1-13): $100.00 THE RESPONSIBILITY FOR COMPLETION OF THE ITEMS MAY NOT BE ASSIGNED TO A THIRD PARTY ACQUIRING THE PROPERTY FROM THE MORTGAGOR, THE PURCHASER MUST COMPLETE THE REQUIRED ITEMS. NO ESCROW MONIES SHALL BE RELEASED UNTIL ALL ITEMS HAVE BEEN COMPLETED. (1) If the escrow is established during the time period of May 1 thru September 30, the required items shall be completed within 30 days of the date the Escrow Agreement is executed; (2) The required items shall be completed by June 1st if the Escrow Agreement is established during the term period October 1 through April 30. If not completed within the above stated time, Mortgagee may, without notice to Mortgagor, contract for the uncompleted items using the escrow funds. (K) Purchaser shall at all times during the term of the Purchase Money Mortgage procure and maintain at its expense, but for the mutual benefit of seller and purchaser, general liability insurance and workman's compensation insurance. These insurance policies shall cover all claims for personal injuries, wrongful death and property damage occurring in or on the premises sold hereby to the Purchaser. Such insurance is to afford protection to a limit of not less than $500,000.00 in respect to injuries or death to a single person, to a limit of not less than $100,000.00 in respect to property damage. Purchaser shall also procure and maintain at its expense, but for the mutual benefit of Seller and Purchaser, property insurance (builder risk) on said home under construction. These insurance policies shall cover the building under construction, materials and supplies on the premises and the contractor's subcontractor's equipment on the premises from all perils including fire. Page 4 of 6 Pages