2-20 Mercy Ln #8, Covington, IN 47932

THIS IS A "BUY-IN" CONCEPT. 8 Mercy Lane is located at the Fountain Springs Villas, which is part of Fountain Springs Adult Community. Resident will agree to pay an initial occupancy fee of $60,000 prior to lease effective date. This fee applies for up to two (2) residents to occupy Villa 8. Resident will then pay a monthly fee of $2,250/mo. to lessor. Provided amenities for this fee include lawn care, access to community areas at Fountain Springs Assisted Living including activity center with scheduled activities, furnished lounges with fireplace, movie theatre, maintenance & repairs to included Villa appliances. Appliances included are refrigerator, dishwasher, electric stove, & water softener. Resident is able to pay for the following services for additional fees : *Beauty salon located at Fountain Springs Assisted Living *Weekly Housekeeping *Dining Room Meal Plans at Fountain Springs Assisted Living Resident's Financial Responsibility include utilities, trash pickup, internet & tv services, home owners insurance, water softener maintenance. FOUNTAIN SPRINGS VILLAS OCCUPANCY AGREEMENT Fountain Springs Villas are for residents who are 55 years or older. I. Initial Occupancy Fee Initial Occupancy Fee of $60,000 on or before lease effective date is due. This fee applies for up to 2 residents to occupy the Villa. If 2 residents occupy the villa, the occupancy shall be treated as joint tenants with rights of survivorship occupancy. II. If residents chooses to vacate the Villa, after occupancy of the same, residents is to receive a $6,000 refund of initial fee. If resident dies while occupying said Villa, his/her beneficiaries described in resident's will, or if no will, resident's heirs at law, will receive the sum of $6,000 as a refund of the initial fee. III. Monthly Fee Resident shall pay a monthly fee $2,250/mo. to Lessor. IV. Lessor's Provided Services for Fee A. Beauty Salon B. Weekly Housekeeping C. Dining Room Meal Plans V. Lessor's Provided Amenities A. Lawn Care B. Community Areas at Fountain Springs Assisted Living Facilities. C. Refrigerator D. Dishwasher E. Electric Stove F. Water Softener VI. Schedule Recreations at Fountain Springs Assisted Living Exercise Classes, Church Services, Billiards & Game Room, Walking Path, Golf Cart Rides, Transportation for Medical Needs within a 25 mile radius of Covington IN, scheduled group trips. VII. Resident's Financial Responsibility During Occupancy of Villa Utilities, Trash Pickup, Internet/TV Service, Home Owner Insurance, Water Softener Maintenance