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5. Each of the conveyances described herein shall occur simultaneously with each <br /> other. <br /> 6. The parties acknowledge that this Agreement shall be of no force or effect until <br /> and unless approved by the BCC through the adoption of a Resolution. Closing <br /> shall occur within thirty (30) days after the adoption of the subject Resolution by <br /> the BCC. -if the PGG has—1aet—apprev®d—thin, ®gym@nt by r-@selutioR by <br /> hEA� <br /> 7. Each party shall convey title to their respective parcels free of claims, liens, <br /> easements, and encumbrances, and property taxes shall be prorated for the year of <br /> closing through the date of closing. <br /> 8. At closing, County shall pay the cost of recording the deeds to the County. <br /> 9. At closing, Stoneybrook shall pay the cost of recording the deed to Stoneybrook, <br /> as well as any costs necessary to cure title defects or encumbrances, other than <br /> permitted exceptions, with respect to the conveyance of property from <br /> Stoneybrook to the County. <br /> 10. At closing, Premier shall pay the cost of recording the deed to Premier, as well as <br /> any costs necessary to cure title defects or encumbrances, other than permitted <br /> exceptions, with respect to the conveyance of property from Premier to the <br /> County. <br /> 11. Notices. All notices or requests required or authorized hereunder shall be in <br /> writing and shall be delivered or mailed, (including overnight carrier), to the <br /> respective parties hereto as follows: <br /> To County: Indian River County <br /> 1801 27th Street <br /> Vero Beach, FL 32960 <br /> To Stoneybrook: Stoneybrook Farms Group, L.L.C. <br /> 625 66t11 Avenue SW <br /> Vero Beach, FL 32968 <br /> Copy to: Bruce Barkett, Esq. <br /> Collins, Brown, Barkett, <br /> Garavaglia & Lawn, Chartered <br /> 756 Beachland Blvd. <br /> Vero Beach, FL 32963 <br /> 2 <br /> !•\Bruce\clients\Premier Citrus LLC\REAL ESTATE EXCHANGE AGREEMENT 10.8.1 S.docx <br />