238 holiday, performance will be due the next business day. All time periods will end at 5 :00 p . m . local time
<br />(meaning in the
<br /> las county where the Property is located) of the appropriate day,
<br /> 240 (c) Force Majeure: [Buyer
<br /> so ons asethe performance ornot be lnon red tperforfm ncenof the obligation isrdelayed , caused or prevented
<br /> eachorm
<br /> 241 each other for damag 9
<br /> 243 by s act of God of n delays ,
<br /> w rs �surrectionact of s andranyrother ce causeinoteeasonablyuwthn the conttrrol of the Buyeruakes , It or
<br /> rricanec
<br /> 243 unusual transportation de ay , is unable In whole or In part to prevent or
<br /> zaa Seller and which by the exercise of due diligence the non-performing party
<br /> zas overcome . All time periods , d Ingthe e egntDthat suatel ch "" acl be ttendof God 11 or " force mad
<br /> jeu0re""aevent continues beyond the30
<br /> 248 majeure or act of God pace
<br /> arty may cancel the Contract by delivering written notice to the other and Buyer's
<br /> 247 days in this sub-paragraph , either p
<br /> 248 deposit shall be refunded .
<br /> mail , personal delivery or
<br /> 249 10. NOTICES: All noticeo th
<br /> s shall be in
<br /> failure to delivergtimely wand ilritten l be notice olivered tSeller, pwhePn such a isroker requiredby this C ntract,
<br /> 2so electronic media. Buyeroid the construed as if the
<br /> 251 regarding any contingencies will render that document or item delivered o or received ed by antattorney or Ii
<br /> gency null and v ensee (including a
<br /> 252 contingency did not exist. Any will be as effective as if delivered to orsby that patty.
<br /> 253 transaction broker) representing a party
<br /> 254 11 , COMPLET AGREoEMENT& its Contracteements iw Ihe ibindtiBuyre err�eller or-greke eement betweenrunless Incorpuyer and orated d�into
<br /> this Contract
<br /> 2% agreements, of prior. present by
<br /> 256 Modifications of this Contract will not be binding unless in nign signed or
<br /> Contract ,initialed
<br /> le ou de Paris a d written party
<br /> modifications
<br /> 257 This Contract , signatures , initials , documents referencedand Will be
<br /> 258 communicated electronically or dlito this Cont alctf or prevail ovallperses preprinted erm, Ifryany, provision of
<br /> di sgContractis on
<br /> 259 Or typewritten terms inserted or attach
<br /> 260 becomes invalid or unenforceable, all remaining provisions Will continue to be fully effective. Buyer and SeutblicWrecoill sddiligence
<br /> 2s1 and good faith in performing all obligations under this Contract. This Contract will not be recorded in any p
<br /> ract
<br /> out
<br /> 262 ASSIGNABILITY; " roSON maybe D: Buyer
<br /> ornplural , This Contract ay noassign this istbindingnthon the Seller's
<br /> heirs ,written
<br /> 263dministrators , executors ,
<br /> "Buyer, " Seller, and BB
<br /> 264 personal representatives and assigns g permitted) of Buyer, Seller and Broker,
<br /> les DEFAULT AND DISPUTE RESOLUTION
<br /> 26e 1.3. DEFAULT. (a) Seller Defaults
<br /> to for anyreson Contract Buyerr than re of S chooseHer to mokeceive Seller's
<br /> return of Buyer sable ftdeposit without
<br /> 267 Seiler fails , refuses or neglectsperform14 ,as
<br /> 2sa waiving the right to seek damages ortoseer specific
<br /> Defaults form ncefailto per Par hs Contractelwtt the tiisme space Pied including
<br /> 2,9 lh,4yp.,�eufi"f4He-brokerage•fee. ( ) Y reed-to--be�pafd• as liquidated
<br /> 270 timet' payment of all deposits, Seller may choose to retain and correct all deposits paid shelve b0°� of all depositII
<br /> 271 damages or to seek specific performance as per Paragra s 14a.a r Al un he_rokeraI
<br /> 272 palekand-agreed--te-b"aid4to-be ,spl"qually among *k i
<br /> 273 14 , DiSPUTE RESOLUTION: This
<br /> Contract will be construed under or this Contract to Its law, All
<br /> controversies ,
<br /> settled as follows :stand other matters In
<br /> 27a question arising out of or relating
<br /> 2zs days from
<br /> (a) Disputes concer demandsaremade deposits
<br /> to attempt to resolve the dispute
<br /> through mediations IfSeller
<br /> hatwill
<br /> fa s,Escrow Agent
<br /> 278 the date conflicting d a- eiee ef-ar tteatieri , a Florida court or-.the-
<br /> 277 will submit the dispute , if so required by law, to
<br /> But er and Seller will be bound by any resulting award, judgment or order. A-
<br /> 278 Worida-Reat-Estate-Gornmission'('-` FRED"} y
<br /> 279 -� roker's� obligation-under-Ghapter- 477 oti t erplead ee er ata esheaw-d rsement-c�r�er��d-rf t+�e-broker ao
<br /> 280 reselve-tbe-esere`rr-diepuo-�+'et�4s attorneys-or-ether-eserew�eempanies.
<br /> 281 chs; a
<br /> oosepplies-only- towbrokers-and -doe"ot-ap plyto the eernpar4ies
<br /> zee (b) All other disputes: Buyer and Seller will have 30 days from the date a dispute arises between them t° aattempt
<br />to
<br /> 263 resolve the matter through mediation, feilir g-vvhieffi-tete-parttt's I SOo�er the C ntinroa9
<br /> zea a�bi ion in the county where the property is located . The arbitrator may not atter the Contract to s-er-swat any
<br /> o for in this Contract . The award will be based on the e as li wola tee tohtsssssto use e evidence sco eandt
<br /> will
<br /> will -
<br /> 285 remedy n Tactual authont �hiGhi I is e . if th p 9
<br /> 286 state findings of fact an vii Procedure and the arbitrator will resolve all discovery-related
<br /> 287 be in accordance with the F ra raph 17 will be submitted to arbitration only if the
<br /> las dis 4 utdispt7t s with a real estate licensee na This clause will survive closings
<br /> tag ensees-broker-eensente-irrwritif gA() beee " Mediation "
<br /> �M srtion es a p i which parties attempt to resolve a dispute by
<br /> z9 {c) Mediation •artr3-Arbitra#+e1 i Expenses .
<br /> 291 submitting it to an impartial mediator who facilitates the resolution of the dispute. but who snob{ empowered
<br /> to ie .
<br /> 29z settlement on the partiesles of the
<br /> . Mediation will be in accordance with tally dieru
<br /> vide the mediatic fIf anY ° etre+
<br /> 2e3 -e#}jer mediator agreed on by the parties , The�pnartos 11 erQ�qu> trePp� @ d ho "ec Sion is
<br /> 294 ' s ems accordance with the rule tit eApA-oro er arbitrator agreed on by the parties.
<br /> 295 binding on the pa�hptkr $tt9Fa-4V1 t ��� nP es, Including attomeys' fees , and wll equally split the
<br /> 296 Each party to any arbitration will pat the prevailing party to the
<br /> 297 arbitrators' inlst a ees of arbitration. in a civil action
<br /> 297
<br /> orc`�e# > ?tt ��t�Rda�C
<br /> 2sai rahorr ntitled�o t e em the•nenprevallirjg pa+iW
<br /> B ) acknowledge receipt of a copy of this page , which is Page 5 of 7 Pages .
<br /> 299 yet and Setter
<br />
|