HUNTER, C & B & ORGERON, F&B-2005

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DEFENCE OF ACTIONS 9. Vendee shall appear in and defend Vendor or Trustee in any actiDn Dr proceeding purporting to affect the security hereof or the rights or pDwers Df VendDr or Trustee. DELIVERY OF DEED UPON VENDOR AND VENDEE'S PERFORMANCE 10. Trustee Dn Vendor's written instruction and conveyance shall deliver to Vendee a deed tD the property as hereinabove provided for, conveying to Vendee Vendor's and Trustee's interest in the property which VendDr and Trustee hDld pursuant to this Agreement at such time as Vendee has paid to Vendor, as hereinabove provided, the entire balance due directly to Vendor under the provisions of Paragraph 3(d) above. TAXES 11. Vendee hereby assumes and agrees to pay before delinquency any and all taxes and assessments hereafter falling due on the property, commencing on the date this Contract is recorded. If Vendee shall fail tD pay any of said taxes or assessments on or before the due date thereof, Vendor may, at his option, declare a default under this Agreement or may pay said taxes and assessments and add any amounts so paid to the baiance due Vendor under the terms Df this Agreement. Any sums so paid by Vendor and added to the balance due under this Agreement, shall bear interest at the rate provided for herein or the maximum interest rate provided by law, whichever is greater, until the same has been paid in full. INSURANCE 12. Vendee further agrees that from and after the time Vendee assumes possession of the property, and until such time as all balances due to Vendor have been paid, Vendee: (1) shall provide, maintain and deliver to Vendor fire insurance satisfactory to and with loss payable to Vendor. The amount collected under any fire or other insurance policy may be applied by Vendor upon any indebtedness secured hereby and in such order as Vendor may determine, or at the option of Vendor, the entire amount so collected or any part thereof may be released to Vendee. Such application or release shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice; and (2) shall provide public liability insurance on the property in reasonable amounts for the protection of all parties hereto. Vendee agrees to pay all of the premiums therefor and to deliver copies of all policies and renewals thereof to Vendor. In the event Vendee fails to provide such insurance or upon cancellation of such insurance, Vendor may obtain the insurance required by this paragraph and add to the balance due under this Agreement the amount of any premium thereof. Such added sum shall bear interest at the rate provided in Paragraph 11 above. MAINTENANCE 13. Vendee further agrees, until the purchase price hereof has been paid, to maintain all buildings and improvements now or hereafter placed on the property in a good and habitable state of repair to maintain the value thereof and to pay when due all claims for labor performed and materials furnished therefor. TIME 14. Time is of the essence of this Agreement. ATTORNEY'S FEES 15. If any party to this Agreement or any assignee of any party hereunder shall bring an action in any court of competent jurisdiction to enforce any covenant of this Agreement, including any action to collect any payment required hereunder, or to quiet his titie against the other party to this Agreement, it is hereby mutually agreed that the prevailing party shall be entitled to reasonable attorney's fees and all costs and expenses in connection with said action, which sums shall be included in any judgment or decree entered in such action in favor of the prevailing party. BINDING EFFECT 16. This Agreement binds the parties hereto, their heirs, legatees, devisees, administrators, executDrs, successors and assigns. 7