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c. Purchaser understands and acknowledges that neither Seller nor its agents and contractors are expert in
<br />the detection or remediation of mold, mildew, fungus, high -sulfur content building materials, such as drywall,
<br />illegal or industrial chemicals and substances and associated environmental conditions or related adverse
<br />health effects. Purchaser is encouraged, in conjunction with Purchaser's rights to inspect the Property in
<br />Section 9 of this Addendum, to inspect the Property for mold, mildew, fungus, high -sulfur content building
<br />materials, illegal or industrial chemicals and substances and associated environmental conditions, including
<br />water leaks from plumbing and sewage pipes and fixtures, and moisture penetration in floors, walls, ceilings;
<br />corrosion or deterioration of air handling equipment, electrical wiring, and other metal components; and
<br />structural components of the Property. Purchaser understands and acknowledges that, in its efforts to put
<br />the Property in marketable condition, Seller may have hired or may hire contractors to make repairs and
<br />improve the appearance of the Property by, among other things, painting walls, replacing floor coverings,
<br />and cleaning interior and exterior surfaces. Purchaser agrees that neither Seller nor its agents shall be liable
<br />for any claims or losses that Purchaser, Purchaser's family members, Purchaser's successors and/or
<br />assigns, or persons occupying the Property as guests, tenants or licensees of Purchaser may incur as a
<br />result of the discovery, after the delivery of possession of the Property to Purchaser, of mold, mildew,
<br />fungus, high -sulfur content building materials or associated environmental conditions regardless of whether
<br />those conditions existed prior to the delivery of possession or developed thereafter.
<br />Purchaser understands and agrees that the Property may contain local or state building code violations as
<br />well as violations of condominium association, homeowner's association or other community association
<br />rules, restrictions, covenants and bylaws that may or may not have resulted in fines or assessments. Seller
<br />disclaims knowledge or liability for any such violations, fines or assessments and Purchaser agrees to
<br />accept the Property with all such violations, fines or assessments except to the extent that such violations,
<br />fines or assessments would conflict with Seller's obligations regarding title under paragraph 2.
<br />9. INSPECTIONS AND DUE DILIGENCE RIGHT; CONTRACT CANCELLATION RIGHTS: Seller authorizes
<br />PLE"E 1NMAL HERE Purchaser, at Purchaser's expense, (Purchaser's Initials) to make a complete inspection of the
<br />Property and conduct all desired, non-destructive tests, surveys, appraisals, investigations, examinations and
<br />inspections of the Property and title to the Property as Purchaser deems appropriate within ten (10) calendar
<br />days from the final execution date (Seller's acceptance date) of the Contract of Sale. Purchaser may obtain an
<br />appraisal or survey of the Property, order a search of title documents, homeowner's or condominium
<br />association records and other governmental and non-governmental records related to the Property, and
<br />conduct due diligence as to the insurability of the Property and types and amounts of insurance required or
<br />desired for the Property (e.g., flood, hazard, title, etc.). Purchaser should obtain all inspections and conduct all
<br />due diligence necessary to fully inform Purchaser if the Property is in a physical and legal condition materially
<br />different than when Purchaser made the offer to purchase the Property by executing the Contract of Sale.
<br />PLEAS[ INIML MERE (Purchaser's Initials) Purchaser acknowledges that it is Purchaser's sole responsibility to obtain
<br />inspection reports by qualified professionals with respect to the physical and legal status of the Property, to
<br />determine the presence of any environmental conditions affecting the Property and/or any toxic or hazardous
<br />substances on the Property which would make it uninhabitable or dangerous to the health of the occupants, or
<br />other factors regarding the Property about which Purchaser may be concerned. Purchaser shall provide Seller
<br />with reasonable notice of any inspections. In the event the inspection reveals material deficiencies that were
<br />not known to Purchaser at the time the Purchaser signed the Contract of Sale, Purchaser may cancel the
<br />Contract of Sale and the deposit paid by Purchaser shall be returned to Purchaser. To cancel in such event,
<br />Purchaser must, within twelve (12) calendar days from the final execution date of the Contract of Sale, provide
<br />Seller with written notice of cancellation.
<br />PURCHASER'S FAILURE TO FURNISH WRITTEN NOTICE OF CANCELLATION WITHIN THE TWELVE (12)
<br />DAY TIME PERIOD SHALL CONCLUSIVELY BE DEEMED PURCHASERS ELECTION TO ACCEPT THE
<br />CONDITION OF THE PROPERTY AND TO PROCEED WITH THE TRANSACTION.
<br />Seller's Initials
<br />—,k,.,4— Buyer's Initials
<br />HomeSteps Addendum #1 to Contract of Sale
<br />Version May 2018
<br />Page 4 of 10
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