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8 / 10 / 2007 13 . CLOSING PLACE AND DATE . The closing shall be on or before 30 days after the option is exercised ; provided , however, that if a defect exists in the title to the Property, title commitment, Survey, environmental site assessment, or any other documents required to be provided or completed and executed by Seller, the closing shall occur either on the original closing date or within 30 days after receipt of documentation curing the defects , whichever is later. The closing will be held in Vero Beach , Florida , at the office of the title insurer, or by mail , on the date and at the time agreed to by the parties . The parties agree that a closing as early as reasonably possible is the intention of Seller and Purchaser. In no event shall the closing take place later than December 31 , 2007 , unless Seller agrees to extend at its sole option . 14 . RISK OF LOSS AND CONDITION OF REAL PROPERTY. Seller assumes all risk of loss or damage to the Property prior to the date of closing and warrants that the Property shall be in the same or essentially the same condition as of the date of Seller's execution of this Agreement, ordinary wear and tear excepted . However, in the event the condition of the Property is altered by an act of God or other natural force beyond the control of Seller , Purchaser may elect, at its sole option , to terminate this Agreement and neither party shall have any further obligations under this Agreement . 15 . RIGHT TO ENTER PROPERTY. Seller agrees that from the date this Agreement is executed by Seller, Purchaser and its agents , upon 48 hours prior notice , shall have the right to enter the Property for all lawful purposes in connection with the this Agreement. With regard to any entry by Purchaser upon the Property prior to closing , Purchaser' s liability to Seller or to any third party shall be subject to the limitations and conditions specified in Florida Statutes section 768 .28 . 16 . NOTICES . Any notice shall be deemed duly served if hand delivered ; mailed by certified mail , return receipt requested ; sent via "overnight" courier service ; or facsimile transmission , as follows : If to Seller: Triple S Land Company Attn : Varley Grantham 1925 Lakeside Drive , Orlando , Florida 32803 Facsimile # (407 ) 894-3106 If to County: Indian River County 1801 27th Street , Vero Beach , FL 32960 Attn : Roland Deblois Facsimile # (772 ) 978- 1806 17 . DEFAULT. In the event Purchaser fails to perform any of its obligations hereunder, the Seller shall , at Seller's sole option , be entitled to : ( i ) terminate this Agreement by written notice delivered to Purchaser at or prior to the Closing Date and thereupon neither the 6