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3W ESCROW AGENT AND BROKER
<br /> 3u1 15 . ESCROW AGENT : Buyer and Seller authorize Escrow Agent to receive , deposit and hold funds and other items
<br /> in
<br /> 302 escrow and , subject to clearance , disburse them upon proper authorization and in accordance with Florida law and the terms
<br /> 303 of this Contract , Including disbursing brokerage fees . The parties agree that Escrow Agent will not be liable to any
<br /> person for
<br /> 304 misdelivery of escrowed items to Buyer or Seller, unless the misdelivery is due to Escrow Agent 's willful
<br /> breach of this
<br /> 305 Contract or gross negligence . If Escrow Agent interpleads the subject matter of the escrow, Escrow Agent will
<br /> pay the
<br /> 306 filing fees and costs from the deposit and will recover reasonable attorneys ' fees and costs to be
<br /> paid from the
<br /> 307 escrowed funds or equivalent and charged and awarded as court costs In favor of the preyailing party.
<br /> All claims
<br /> 308 against Escrow Agent will be arblkate sc�-ieng,ae-C�erew AQe+ t-eaaseats to ark+trate. c�k` "tt
<br /> 3os 1 Rei=E9316NAL AD ems, BROKERtIA$t
<br /> 310 that important to them and to consult an appropriate professional for Legal advice (for example , interpreting
<br /> co cts ,
<br /> 311 determini the effect of laws on the Property and transaction, status of title, foreign investor reporting require nts
<br />, the
<br /> 312 effect of pro y lying partially or totally seaward of the Coastal Construction Control Line , etc . ) and
<br /> fo , property
<br /> 313 condition, enviro ntal and other specialized advice. Buyer acknowledges that Broker does not res in the Property
<br /> 314 and that all represen ns (oral , written or otherwise) by Broker are based on Seller representa s or public
<br /> records .
<br /> 315 Buyer agrees to rely so on Seller, professional inspectors and governmental agencies for ril7cation of the Property
<br /> 315 condition and facts that mat Ily affect Property value. Buyer and Seller respective) pay all costs and expenses,
<br /> 317 including reasonable attorneys' fe t all levels , incurred by Broker and Broker's office , directors , agents and employees
<br /> 318 in connection with or arising from Bu 's or Seller's misstatement or failure to rform contractual obligations . Buyer
<br /> 319 and Seller hold harmless and release Br r and Broker's officers, director gents and employees from all liability
<br /> for
<br /> 320 loss or damage based on (1 ) Buyer's or Sel ' misstatement or fallur perform contractual obligations; (2) Broker's
<br /> 321 performance, at Buyer's and/or Seller's request, any task beyo he scope of services regulated by Chapter 475,
<br /> 322 F 'S. , as amended , including Broker `s referral, reco ndatlo or retention of any vendor; (3) products or services
<br /> 323 provided by any vendor; and (4) expenses incurred by art dor. Buyer and Seller each assume full responsibility
<br />for
<br /> 324 selecting and compensating their respective vendors. T ' pa aph will not relieve Broker of statutory obligations .
<br /> For
<br /> 326 purposes of this paragraph , Broker will be treated a party to this ntract . This paragraph will survive closing .
<br /> 328 17; BROKERS; The licensee(s) and brokerage named below are collectiv referred to as "Broker, " Instruction to Closing
<br /> 327 Agent: Seller and Buyer direct closing t to disburse at closing the full a unt of the brokerage fees
<br />as specified in
<br /> 328 separate brokerage agreements with4 parties and cooperative agreements be en the brokers, except to the extent
<br /> 329 Broker has retained such fees fro e escrowed funds . In the absence of such brok a agreements, closing agent will
<br /> Sao disburse brokerage fees a dicated below. This paragraph will not be used to mo ' any MLS or other
<br /> offer of
<br /> 331 compensation made by or or listing broker to cooperating brokers.
<br /> 332•
<br /> 333' Selling Sales latokkense No. Selling FuMBrokersge Fes: ($ or % of Purchase Pr1ce)
<br /> 3346 336' ales Assocratelticense No- ---- - — t7 1111 stirt9 firm/6rokeragee`(� or %rvFFbTd�
<br /> �fe `
<br /> 338 ADDITIONAL TERMS
<br /> 337" 18, ADDITIONAL TERMS:
<br /> Sellers : GEORGE H . STREETMAN , SANDRA M . STREETMAN, SHANNON S . PADGETT, KEVIN G .
<br /> STREETMAN as to Parcel #36 -33 - 3 &00001 - 0040 - 00001 . 0 ; GEORGE R . TUERK , INDIVIDUALLY
<br /> AND AS TRUSTEE , OF THE GEORGE R . TUERK TRUST DATED 10 -26- 92 , U/R/T DATED JUNE
<br /> 24 , 1997 as to Parcel #36 -33-3&00001 - 0040 -00001 . 1 ; and GEORGE H . STREETMAN and
<br /> CALPHREY B . STREETMAN , each as to a 1/2 undivided interest , as tenants In common , as to Parcel
<br /> #36 -33-38- 00001 -0050- 00001 . 0
<br /> 1 . All Sellers are collectively referenced herein as " Seller"
<br /> 2 . Buyer and Seller acknowledge and agree that : a) Buyer will conduct due diligence on all three (3)
<br /> parcels owned by Seller ; b ) if Buyer proceeds to closing , Buyer shall purchase all three (3) parcels
<br /> from Seller at a simultaneous closing ; and c) if one ( 1 ) or more parcels are unsatisfactory , Buyer shall
<br /> not purchase any of the parcels . If one ( 1 ) or more parcels are not satisfactory to Buyer , Buyer shall
<br /> provide notice to Seller within five ( 5 ) days of such determination and , thereafter , Buyer shall not
<br />be
<br /> obligated to close on any of the parcels ; Seller shall refund the deposit back to Buyer; and
<br /> neither
<br /> Buyer nor Seller shall have any further obligations to each other under this vacant land contract.
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<br /> 355' Buyer and Seller acknowledge receipt, of a copy of this page , which Is Page 6 of 7 Pages .
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