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(L) Purchaser shall not permit or allow any mechanic or any other lien to be filed against said Lot for work or materials furnished to said Lot. if any such liens are filed, the Purchaser: (1) Shall obtain and record a release thereof within thirty (30) days after notice thereof; (2) If Purchaser fails to obtain such a release, Purchaser will (within said 30 day period) deposit with Seller, or Seller's assigns or successors, a sum of money equal to 150% of the amount of said lien filed and not released. If Purchaser fails to either obtain and record the release provided in clause (1) or deposit the money provided in clause (2), the Purchaser will be deemed to be in material default under the Purchase Money Mortgage. (M) Purchaser will defend and indemnify Seller from and against any and all claims, demands, causes of action, liability, injuries, damages, judgements, decrees, fines, penalties, expenses, costs and fees and attorney's fees of whatsoever nature arising out of or in any way connected with any act or omission of Purchaser, its agents or employees, under this Contract with respect to the Lot to be conveyed and released. (N) Purchaser will not assign this Contract or sell said Lot prior to receiving a satisfaction of Mortgage thereof without the written consent of Seller. ARTICLE VIII: SIGNAGE 8.1 Signage shall not be permitted on any Lot, except one model home sign, not exceeding 16 square feet. Purchaser to furnish drawing of proposed sign for Developer's approval. ARTICLE IX: DECLARATION OF COVENANTS 9.1 Purchaser acknowledges receipt of Declaration of Covenants (Exhibit B) and has examined said Covenants. Purchaser hereby accepts and agrees to comply with the standards set forth in Exhibit B, and will guarantee to seller that the Declaration of Covenants, Conditions and Restrictions and Homeowners Letters of Acknowledgment to the developer and the City of Centerville will be signed and approved by future homeowners. ARTICLE X: TITLE EXAMINATION 10.1 Seller shall provide the Purchaser with one Abstract, if requested prior to closing, for the Real Property at its sole cost and expense. The Purchaser shall be allowed ten (10) days after receipt of said abstract for examination of title and the making of any objections thereto, such objections to be made in writing or deemed to be waived. If any objections are so made, the Seller shall be allowed until the date of closing to make such title marketable. If title is not marketable and is not made so on or before the date of closing, this Agreement shall become null and void, at the option of the Purchaser, and neither party hereto shall be liable for damages hereunder to the other party. MI Earnest Money previously paid by the Purchaser shall be refunded. If the title to the said Real Property is found marketable or is made so within said time, and said Purchaser shall default in any of the Agreements and continue to default for a period of ten (10) days, then in that case, the Seller may terminate this Agreement and retain all Earnest Money as liquidated damages. ARTICLE XI: COMMISSION 11.1 Seller and Purchaser hereby agree to indemnify and to hold each other harmless from any alleged claim for any Commission that may be claimed by any third party through either of them against the other party. ARTICLE XII: TERMINATION AND REMEDIES 12.1 PURCHASER'S REMEDIES: If Seller defaults in perforating any of Seller's closing obligations under the terms of this Contract on the Closing Date for any reason, other than Purchaser's default, Purchaser shall be entitled to a full refund of all Earnest Money paid hereunder as its sole and exclusive remedy. 12.2 SELLER'S REMEDIES: If Purchaser defaults in performing any of Purchaser's closing obligations under the terms of this Contract on the Closing date for any reason other than Sellers default, Seller shall be entitled to terminate this Contract, or enforce specific performance of this Contract, or bring a suit for damages incurred by Seller as a direct and proximate result of such default by Purchaser. The remedies herein are in addition to, and not in limitation of, Sellers remedies as stated in paragraph 7.2(M) herein. ARTICLE XIII: MISCELLANEOUS Page 5 of 6 Pages