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7 <br />C+J <br />4. Purchaser acknowledges the notice and information provided in this section 17.c,3, and makes the <br />following selection (Purchaser must choose one): <br />n Selection of a Closinq Agent not recommended by Seller. Purchaser selects the following <br />company to act as Closing Agent: <br />; email: <br />The Purchaser will be responsible for payment of the owner's policy of <br />phone: U <br />title insurance, if any. <br />located at <br />® Selection of a company recommended by Seller. Purchaser selects the following company, which <br />has been recommended by Seller. to be the Closina Aaent in connection with Purchaser's purchase of <br />the Property: Radian Settlement Services The Seller will pay for <br />the owner's policy of title insurance. Purchaser shall be responsible to purchase and pay for a lender's <br />policy of title insurance if Purchaser so chooses or is required to purchase one. <br />18. TRANSFER TAXESITAX STAMPS: Seller is exempt from payment of state taxes and tax stamps on deeds, <br />mortgages and notes (12 U.S.0 1452(e)) and if payment of such state taxes or stamps is necessary to record <br />the deed or mortgage, the tax will be paid by Purchaser and will not be considered part of closing costs. <br />19. DEFAULT/REMEDIES: In the event that either party fails or refuses to proceed to settlement for any reason <br />except for reasons permitted or authorized by the Contract of Sale or this or other addenda), Purchaser and <br />Seller acknowledge and agree that the economic consequences of such action by either party, considered at <br />the time of contract formation, are speculative and uncertain. In such event, Purchaser and Seller agree that <br />the recovery of liquidated damages is a suitable and preferable alternative to remedies that might otherwise be <br />available at law or in equity. Therefore, in the event that Seller fails or refuses to proceed to settlement in <br />violation of the Contract of Sale, Purchaser's sole and exclusive remedy shall be the recovery of liquidated <br />damages in the amount of one thousand dollars ($1,000.00). Seller shall promptly tender said sum upon <br />demand from Purchaser. In the event that Purchaser fails or refuses to proceed to settlement in violation of the <br />Contract of Sale, Seller's sole and exclusive remedy shall be the recovery of liquidated damages in the amount <br />of one thousand dollars ($1,000.00). Purchaser shall promptly tender said sum upon demand from Seller. <br />Purchaser and Seller each agree to accept the specified liquidated damages as full and complete <br />compensation for any and all claims, whether founded upon contract, tort, statute, or otherwise, that may arise <br />in connection with the failure or refusal of the other party to proceed to settlement in violation of the Contract of <br />Sale, and Purchaser and Seller expressly waive and disclaim any and all further claims and remedies including <br />but not limited to injunctive relief, specific performance, the filing of a notice of lis pendens, and claims for <br />monetary compensation including but not limited to benefit -of -the -bargain damages, lost profits, lost rental <br />income, expenses incurred in preparing for settlement, and all other costs, expenses, compensation and <br />damages of whatever nature whether founded upon law or in equity. <br />20. ASSIGNMENT: Purchaser may not assign this Contract of Sale without the express written consent of Seller. <br />Any attempted assignment by Purchaser shall be void and shall constitute a material breach of the Contract of <br />Sale. <br />Seller's Initials HomeSteps Addendum #1 to Contract of Sale <br />Version May 2018 <br />,,,,,,,, „ —1Buyer's Initials Page 7 of 10 <br />