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VISIONS CONSTRUCTION & ROOFING <br /> PROPOSAL <br />after the specially made materials have been ordered but before installation has commenced Buyer shall <br />pay the cost of the specially made materials plus 20% of said cost to VCR as liquidated damages and not as <br />a penalty. Buyer may not terminate this contract once installation has commenced. <br />10. If VCR is unable to complete the work for any reason, it may assign its obligations hereunder to a properly <br />licensed and qualified subcontractor of its own choice. <br />11. All rights, remedies and privileges of VCR hereunder inure to the benefit of and are enforceable by any <br />assignee of this Contract. Buyer and each co-signer hereby waive as against any assignee of VCR’s rights <br />under this contract, all claims and defenses, weather now or hereafter existing of Buyer against VCR, <br />except claims and defenses existing during the term of any warranties hereunder. <br />12. The occurrence of any of the following events shall constitute a Default (as such term is used herein): (A) <br />nonpayment, when due, of any amount payable by Buyer hereunder of Buyer’s breach of ant agreement, <br />warranty or obligation contained herein; (B) any statement, representation or warranty of Buyer herein or <br />in any application or other writing at any time furnished by or on behalf of Buyer or VCR in connection <br />with the transaction evidence by this Contract is untrue in any material respect;;(C) Buyer becomes <br />insolvent or unable to pay debts as they mature or makes an assignment for the benefit of creditors or any <br />proceedings are instituted by or against Buyer alleging that Buyer is insolvent or unable to pay debts as <br />they mature; (D) VCR for any other reason whatsoever has reasonable cause to deem itself insecure. <br />Subject to any restrictions imposed by applicable law, whenever a Default shall be existing, all obligations <br />of Buyer hereunder may not withstand any other provisions of this contract, at the option of VCR and <br />without demand or notice of any kind, be declared and thereupon immediately shall be due and payable <br />and VCR at its option may stop work. VCR shall have and may exercise from time to time the rights and <br />remedies provided in this Contract or which may be available to VCR under applicable law. <br />13. Buyer shall pay to VCR interest at the rate of 1-1 /2 % per month (18% per year) on the unpaid balance of <br />any amounts past due under this Contract. If Buyer is in default hereunder and VCR or his assignee <br />commences legal proceedings to enforce payment of any sum hereunder, Buyer agrees to pay all court costs <br />actually incurred and reasonable attorneys’ fees. <br />14. The execution or failure to execute a completion certificate shall in no way effect the rights of the VCR <br />hereunder. <br />15. Buyer is responsible to protect or remove all windows and doors screens, pictures or any other breakable <br />items and positions vulnerable to damage due to the scheduled interior or exterior remodeling project. <br />VCR will not reimburse the Buyer for the damaged items caused by the labor involved in completing the <br />project. Solar panels, satellite dishes, antennas or other utility not related to the replacement or repair of <br />the materials in this contract are the responsibility of the Buyer to have them detached and reset by an <br />appropriate provider. <br />VCR is not responsible for disconnecting or reconnecting security systems and HVAC units. <br />16. VCR is not responsible for construction issues such as: cracks in drywall, nail pops, infiltrated <br />windows seals, interior cracking of plaster or paint from installation of windows, siding, roofing, <br />gutters, mold or any other interior problems. Issues of this nature must be reported to management <br />immediately and a proposal to correct the problem will be issued to Buyer on a time and material <br />basis. <br />17. VCR will clean up all job-related debris to best of its ability and haul away. <br />18. Upon completion of work and VCR receipt of final payment, Gaco -Firestone will issue appropriate <br />warranty approximately 60 days thereafter to the property ownership. <br /> 4 OF 4 <br />