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Hi,
To show the default home page with all sections as displayed in demo site http://gracethemes.com/demo/zeroerror/
Go to Settings -> Reading -> Front page displays
Click on radio button of Your latest posts
Go to Appearance -> Theme Options and click on Restore Defaults in bottom side
Please see the documentation, it will surely help you to install and customize the theme.
http://gracethemes.com/documentation/zeroerror/
Regards
Grace Themes
