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237 Buyer and Seller (individually, the ' Indemnriying Party) eachdrv[du elly indemnifies, holds harmless, -and re/eases
<br />266 Broker and Broker's ofoers, directors, agents and employees from all liability for Joss or damage, including all cast -
<br />269 and expenses, and reasonable attorney's fees at all levels, suffered or incurred by Broker and Broker's officers,
<br />296 directors, agents and employees in connection with or arising from claims, demands or causes of action instituted by
<br />2232
<br />31 Buyer or Seller based on: (i) inaccuracy of information provided by the indemnifying Party or from public records; (11)
<br />2 nd Indemnifying
<br />amiSstatemenf(s) or failure to perform contractue.f obligations; (ori) Broker's performance, ai
<br />$ Ps re ces of any task beyond the scope of services regulated by Chapter 475, F.S., as amended,
<br />234 including Broker's referral, reccrn,mendation or retention of any vendor for, or an behalf of indemnifying Party; Uv)
<br />295 products or services provided by any such vendor for, or on behalf of, Indemnifying Party; and (v) expenses incurred by
<br />296 any such vendor_ Buyer and Seller each assumes full responsbTTrty for selecting and compensating their respective
<br />2zits
<br />57 venders and paying their other Costs under this Col -Iliad whether or not this transaction closes. Tnis Paragraph 14 win
<br />299 rotBroker lie ill eve Broker
<br />of sss ta �ry dations under Chapter 475. F.S., as amended. For purposes of this Paragraph 14,
<br />party to this Contract Tbs Paragraph 14 shall survive Closirra or ternanauon of this Cone
<br />390 DEFAULT AND DISPUTE RESOLUTION
<br />3ai 15. DEFAULT:
<br />332 (a) BUYER DEFAULT: if Buyer falls, neglects or refuses to perforin Buyer's obligations under this Contract including
<br />acs payment of the Depos t, wif:h.i t" the- tirne(s) specified, Selo may elect to recover and retain the Deposit for tiie
<br />334 account of Seller as agreed upon liquidated damages, consideration for execution of this Contras and in fill
<br />see settlement of any claims, whereupon Buyer and Seiler shad be relieved from all further obi',gat[ons under this
<br />sae Contract or Seller, at Seller's option, may, pure to Para
<br />�T under this Contract., The portion of the graph 16, proceed in equity to enforce Boiler's rights
<br />303 Deposit if any, paid to Listing Broker upon default by Buyer, shall be split
<br />equally between Listing Brokerand Coopers Broker, provkled however, Coo
<br />civ greater than the commission amount Listing Broker had Ping Broker's share shall not be
<br />aro (b) SELLER DEFAULT: if Tor any reason other than failure of Seger to ma to Cooperating
<br />tits Marketable kr reasonable
<br />3:1 dit;gent effort, Seller fits, neglects er refuses to perform Seller's obligations under ttzls Contract, Buyer may elect to
<br />342 receive return of Buyer's Deposit without thereby waiving
<br />313 and, pursuant to Paragraph 16, may seek to recv era ame= ee �p�c resulting from Sellers breach,
<br />3u This Paragraph 15 shall survive Closing or termtnat[on cf this Contract. ' performance,
<br />315 16. DISPUTE RESOLUTION: Unresolved corrfroversies, claims and other matters in question between Buyer and Seller
<br />316 eriaing out of, or relating to. tills Contract or 3s breach, enforcement or interpretation ( Dispute') writ be settled as
<br />317 follows:
<br />els (a) !Buyer and Seller x731 have 10 days alter the date conflicting demands for the
<br />ate resolve such Dispute, ging which, Buyer and Seller shall sub Deposit1tme are tirade toer Paragraph to
<br />=I 16(b)_ submit such Dispute 7b merman under Paragraph
<br />321 (b) Buyer arid Seater slaH attempt to settle Disputes In Fart amicable manner trough mediation pursuant to Florida
<br />32? Rues for Certified and Court-Appokttd Mediators and Cana ler 44 F
<br />323 medrator rnuist be certified or must Have- experience in t'ne real estate Industry.es nt file a re of rr Roles!)..bsought The
<br />c without first complying wth this Paragraph 18(b)_ Disputes not settled injunctive Paragraph
<br />miry 6emay
<br />e
<br />325 resolved by Insilufins action in the appropriate court having pursuant to �� Patarag16 mors be
<br />228 survive Closing ortermination of tills Contract jurisdiction of the trtatfer. This Paragraph it? shall
<br />.., 17 Aisrs REy'S FEES; and each OST The parties *11 split egiraity any meonation fee fnecrred in any mediation pennitted
<br />TM thiContract,s
<br />ts n mediation. )p n yrwlitigation1pe costs, own expenses � fees, including attomey's fees, incurred
<br />sso from the non -prevailing pal r rests and foes, Inducting reams b attorneyh Contract the s
<br />em' shall be entitled to gallon
<br />331 This Paragraph 17 shall survive Closing or termination at this Contract. mss' incurred .ill corrdrscling the tion.
<br />332 STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS')
<br />333 18. STANDARD&
<br />23.4 A. TITLE
<br />sae
<br />ass (1) TITLE EVIDENCE; RESTRICTIONS; EASEMEhf7S; LIMiTATIONS: Within the three Period provided In Paragraph
<br />9(o), the Me Commitment wf h legible copies of instruments iie<ed as
<br />oat delivered to Buyer. The Title Commitment Omit set fork those matters to be dischargedions by thereto, shall be or ass
<br />339 and shall provide that. upon recording of the deed to Buyer, en ovmaYs po1•cyr of lith: instuanc a in the amount of the ora Purchase -Price, shall be Issued to Buyer uzsurfng Buyer's marketable tc the Real Property subject only to the 341 following matters: (a) comprehensive land use pans, Zoning,
<br />and other land use restrictions, prohibEnoris and
<br />342 requirements imposed by governmental authority,. (b) restrictions and matters appearing on to tha subdivision; (c) ausrarrding oil, gas and mineral rights of record the Ply; or otherwise
<br />343 public utility easements o, record (located oorrIguous to real property tianof entry; d d not more then 10 f wide
<br />unplatted
<br />3<.ras to rear
<br />or front tines and 7 112 feet In width es to side tries); (e) taxes for year of Closfng and subsequent years; and (f)
<br />T1
<br />Buyer's mutualsPage
<br />MorktaReaitorslFbrlda r-sSlS-2 Rev_e11$ 292013 Florida Recipes ar ofill Florida 33r. A) rights reserved.
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