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JUN 16 1982 LaFevers parcel. 4. CONDITION OF PURCHASE Pro 50 Seller acknowledges that the sale and purchase of Subject Property is for the use and benefit of the public as a right-of-way for County road purposes (extension of 8th Street); and in the event the County does not acquire the other parcels necessary to construct 8th Street between U.S. #1 and 6th Avenue, or determines by final Board action prior to September 30, 1982 not to construct said street at all, the obligations contained herein shall be null and void and both Buyer and Seller shall be forever released. 5. WARRANTY DEED, EXISTING MORTGAGE Seller shall convey title to Subject Property in fee simple, by warranty deed, free and clear of any and all encum- brances, and shall deliver no later than closing absolute releases from all existing mortgagees, including the purchase money mort- gage in favor of Frank Barrett, personal representative, as recorded at Official Record Book 578, page 885 of the Public Records of Indian River County. If, however, the Seller is unable to obtain absolute releases from those persons interested in said mortgage recorded in Official Record Book 578, page 885 of the Public Records of Indian River County, Buyer agrees to accept title to the subject premises subject only to that said mortgage and Seller agrees -=at the time of closing to sign a separate agreement agreeing to con- tinue to maintain and pay off said mortgage encumbrance and to further agree to indemnify and hold the buyer harmless from any and all liability arising under said mortgage. 6. OTHER PROVISIONS The Standards for Real Estate Transactions, attached hereto as EXHIBIT B, shall govern this agreement, provided that only the following lettered paragraphs therein shall apply: A(1), D, G, H. L, M, Q, R, S, U, V, W. 7. EXPENSES Buyer shall pay all costs and expenses, including Mate surtax and documentary stamps, associated with the recording of BooK0 b 4 4 PAGE I