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Agreement, and the Property, subject to the provisions of this Assignment; and agrees to the amendment of the Option Agreement as set forth in this Assignment. Diamond hereby agrees and consents to this the assignment, and to the amendment of the Option Agreement, subject to the provisions of this Assignment. The County assumes only such obligations contained in the Option Agreement as are necessary to effectuate the purchase and sale of the Property in accordance with this Assignment. The assignment is conditioned, and the Option Agreement is hereby amended as follows : The County shall determine through the exercise of due diligence (environment site assessment, survey, title and property inspection in accordance with the Addendum to this Assignment) whether is wishes to close on the Property. If it decides to proceed to closing, the County shall so notify JCL (with a copy to Diamond) in writing on or before November 4 , 2005 . If the County so notifies JCL, JCL and Diamond will proceed to closing in accordance with this Assignment. If the County fails to so notify JCL, this Assignment, and the County ' s rights there under, shall terminate as of that date. In the event of such termination, the Option Agreement shall remain in effect in accordance with its terms as between JCL and Diamond; and the County is hereby released from any further obligation in regard to the Property, the Option Agreement or this Assignment. 2 . Closing. If the County notifies JCL of its decision to proceed to closing in accordance with paragraph 1 , above, JCL, Diamond and the County shall close on the conveyance of the Property to the County on or before November 11 , 2005 . The closing shall be held at a time and location in Vero Beach, Florida, designated by the County. The closing shall be handled by the County ' s closing agent, who shall release the proceeds to JCL and Diamond upon title check down and recording. Conveyance of the Property in fee simple from Diamond to the County will take place at the closing. 3 . Price, deposit. The total purchase price to be paid by the County for the Property is TWO MILLION SEVEN HUNDRED FIFTY THOUSAND and no/ 100 Dollars ($2 , 750, 000) which, after reduction by the amount of the deposit, will be paid by the County at closing to JCL, and to Diamond, or to the designated agent of either who meets the requirements of Section 253 .025 , Florida Statutes . The County hereby pays to JCL with this Assignment one hundred dollars ($ 100 . 00) as a deposit. Payment to Diamond at closing will $2 , 500,000, asset forth in the Option Agreement, with credit to JCL for payments previously made under the Option Agreement, minus costs as set forth in this Assignment. Payment to JCL at closing will be $250 ,000, plus credit for payments previously made to Diamond, minus costs set forth in this Agreement and the deposit paid by the County. 4, Costs . The County shall pay the costs of survey, title insurance, and environmental assessment as set forth in the Addendum. Diamond shall pay documentary stamps taxes on the deed, recording fees for all documents, ad valorem taxes and any special assessments, and shall make the tax deposit required in the Addendum. Diamond shall pay the costs associated with preparation of the Easement for access as described in paragraph 11 of the Addendum, including any costs associated with survey or legal description. JCL and Diamond shall pay any other