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<br /> 272 Contract by written notice to the other, and Buyer shall be refunded the Deposit, thereby releasing Buyer and
<br /> 273 Seller from all further obligations under this Contract.
<br /> 274 (d) INSPECTION AND CLOSE-OUT OF BUILDING PERMITS_
<br /> 275 () Permit inspection: Buyer may have an inspection and examination of records and documents made to
<br /> zrs determine whether there ex€st any open or expired building permits or unpermitted improvements to the
<br /> m Property ('Permit Inspection'). Buyer shall, within the inspection Period, deliver written notice to Seller of the
<br /> zna existence of any open or expired building permits or unpermitted improvements to the Property.
<br /> 279 (ii) Close-Out of Building Permits: Seller will, within 5 days after receipt of Buyers Permit
<br /> Inspection
<br /> Zan notice, have an estimate of costs to remedy Permit Inspection items prepared by an appropriately licensed
<br /> _ 281 .person and a copy delivered to Buyer. No later than 5 days prior to Closing Dare, Seller shall, up to the
<br /> Permit
<br /> m ave open ante ut ng perrrn r e e
<br /> las governmental e Y ua 1 or nown to ler closed by the applicable
<br /> entity, and obtain and close any required building permits for improvements to the Property,
<br /> iso Prior to Closing Date, Seller will provide Buyer with any written documentation that an open and
<br /> expired
<br /> las building permits identified by Buyer or known_ to Seller have been closed out and that Seller has
<br /> obtained
<br /> 2" required building permits for improvements to the Property- If final permit inspections cannot be performed due
<br /> 297 to delays by the governmental entity, Closing Date shall be extended for up to 10 days to complete such final
<br /> 298 inspections, failing which, either party. may terminate this Contract, and Buyer shall .be refunded the Deposit,
<br /> las thereby releasing Buyer and Seller from all fruther obligations under this Contract_ '
<br /> 290 if cost to close open or expired building permits or to remedy any permit violation of an
<br /> 291 exceeds Permit Limit, then within 5 da after aY governmental entity
<br /> r may
<br /> 292 elect to pay the excess by delivering written notice o Buyer: r (Bestimates er may delver wren notice to Seiler
<br /> zss aroeptjng the Preperty in its "as is" condition with regard o building permit status and agreeing to tece€ve
<br /> 294 credit from Seller at Closing in the amount of Permit Limit If neither party delvers such written notice to the
<br /> 295 other, then either party may terminate this Contract and Buyer shall be refunded the Deposit, thereby releasing
<br /> 248 B i.ryer and Seller from all further obligations under this Contract,
<br /> 297 (e) WALK-THROUGH INSPECTION/RE4NSPECTION: On the day prior to Closing Date, or on Closing Date prior
<br /> 296 to time of Closing, as specified by Buyer, Buyer or Buyer's representative may perform a walk-through (and
<br /> 299 follovii:-up walk-through, if necessary) inspection of the Property solely to confirm that all items of Personal
<br /> 30o Property are on the Property and to verify that Seller has maintained the Property as required
<br /> 301 Maintenance Requirement, has made repairs and replacements required by this Contract, and has met all the
<br /> 302 other contractual obligations_
<br /> 303 (f) REPAIR STANDARDS; ASSIGNMENT OF REPAIR AND TREATMENT CONTRACTS AND WARRANTIES:
<br /> W4 AN repairs and replacements shall be completed In a good and workmanlike manner b an a
<br /> propriatel
<br /> 305 licensed person, in accordance with all requirements of law, and shall consist of materials or items of uality,
<br /> 308 value, capacity and performance comparable to, or better than, that existing as of the Fffect€ve Date Except
<br /> 307 as provided in Paragraph 12(c)('), at Buyer's option and cost, Seiler will, at Closing, assign- all assignable
<br /> B . . repair, treatment and maintenance contracts and. w2tTa.- lie 8uyert . ._. .._... . .
<br /> 309 ESCROW AGENT AND BROKER - -
<br /> s10 18. ESCROW AGENT: Any Closing Agent or Escrow Agent (collectively "Agent) receiving the Deposit, other funds
<br /> 311 and other items is authorized, and agrees by acceptance of them , to deposit them
<br /> 312 within the State of Florida and, subject o COLLECTION, disburse them in accordance pvulttyi terms hold and in
<br /> 313 of this Contract- Failure of funds to become COLLECTED shall not excuse Buyer's performance, When c orlfticting
<br /> 314 demands for the Deposit are received, or Agent has a good faiU1 doubt as to entitlement to the De
<br /> 315 may take such actions permitted by this Paragraph 13, as Agent deems advisable. If In doubt as to A9� t
<br /> 316 or liabilities under this Contra y, g Agent's duties
<br /> 317 until the parties agree to its disbursement or ntil aSfinsljudgmnti of ehocoutt afSopmp matter of the escrow
<br /> 318 determine the rights of the parties, or Agent may deposit same with the clerk of the circuit court having char
<br /> ale of the dispute. An attorney who re vrng jurisdiction
<br /> Y presents a party and also ads as Agent may represent such party in such
<br /> 320 action. Upon notifying all parties concerned of such action, all habil' on the
<br /> 321 except to the extent• of account3 for a items 'ty P of Agent shat fully terminate,
<br /> 322 tiroket, Agenf v�nll corn _ ._. nY prelnou$iy delivered _tint. Qf- escrow. . If. a. Soensed - Teal0 estate
<br /> 323 escrow disputes through mediation, rb€trationions of oI Interpleader or an escrow disbursement order, o timely resolve
<br /> 324 Any proceedfrig between Buyer and Sever wherein Agent is made a party because of actin as
<br /> 325 or in any proceeding where Agent interpleads the subject matter of the escrow, $ Agent hereunder,
<br /> 326 attorney's fees and costs incurred, to be paid pursuant to court order out of the awroweedllfunds or coveFL reasonable
<br /> 327 Agent shall not be liable to any party or person for mis-delivery of any escrowed clams, unless such misdeli ery
<br /> 328 due to Agent's willful breach of this Contract or Agent's gross negligence. This Paragraph 13 shall survive Closing
<br /> 329 or term !nation of this Contract.
<br /> 330 14, PROFESSIONAL, ADVICE; BROKER LIABILITY: Broker advises Buyer and Seller to verify Property
<br /> 331 square foo , nciall other facts and representations made pursuant o this Contract and to onsup at,,
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