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Commercial Contract Florida Realtors® tilt - orcuaftealtor 1. 1. PARTIES AND PROPERTY: Jimmy Graves Foundation.Inc, ("Buyer") 2• agrees to buy and Indian River County,a political subdivision of the State of Florida ("Seller") 3' agrees to sell the property as: Street Address: 17th Street Ballfields, which consist of approximately 11.76 4• acres on the North side of 16th St.between 17th&20th Ave., Vero Beach,FL s Legal Description: See Exhbit"A"attached hereto and incorporated herein by reference. 6- r and the following Personal Property: 13- 9 (all collectively referred to as the"Property')on the terms and conditions set forth below. 10• 2. PURCHASE PRICE: $ 250.000.00 11- (a) Deposit held in escrow by Rossway Swan $ 12 ( Escrow Agent") (checks are subject to actual and final collection) 13' Escrow Agent's address: s ..•., r• . . . - „ . . ... , Phone: 231-4440 14• (b)Additional deposit to be made to Escrow Agent within 5 days after Effective Date $ 10.000.00 15• (c)Additional deposit to be made to Escrow Agent within days after Effective Date $ 16• (d)Total financing(see Paragraph 5) $ 17` (e)Other $ 18 (f)All deposits will be credited to the purchase price at closing. Balance to close, subject 1s• to adjustments and prorations,to be paid with locally drawn cashier's or official bank $ 2.1r),nnn nn 20 check(s)or wire transfer. 21 3.TIME FOR ACCEPTANCE; EFFECTIVE DATE; COMPUTATION OF TIME: Unless this offer is signed by Seller 2r and Buyer and an executed copy delivered to all parties on or befor:April 15, 2017 , this offer will be 23 withdrawn and the Buyer's deposit, if any,will be returned.The time for acceptance of any counter offer will be 3 24 days from the date the counter offer is delivered. The"Effective Date" of this Contract is the date on which the 25 last one of the Seller and Buyer has signed or initialed and delivered this offer or the final counter offer. 26 Calendar days will be used when computing time periods, except time periods of 5 days or less. Time periods of 5 27 days or less will be computed without including Saturday, Sunday, or national legal holidays.Any time period ending 26 on a Saturday, Sunday,or national legal holiday will extend until 5:00 p.m.of the next business day. Time is of the 29 essence in this Contract. 30 4.CLOSING DATE AND LOCATION: 31' (a)Closing Date:This transaction will be closed on *See 122 below (Closing Date), unless specifically 32 extended by other provisions of this Contract.The Closing Date will prevail over all other time periods including, but 33 not limited to, Financing and Due Diligence periods. In the event insurance underwriting is suspended on Closing 34 Date and Buyer is unable to obtain property insurance, Buyer may postpone closing up to 5 days after the 35 insura ce underwriting sus.- sion is lifted. . . 36• Buyer j� )( )and Seiler,// ,, )i acknowledge receipt of a copy of this page,which is Page 1 of 8 Pages. CC-4 Rev.12/10 52010 Florida • ..oclatlon of REALTORS° All Rights Reserved Licensed to Alta Star Software and ID:D-902260231.4WV5H.120325 Software and added formatting©2017 Alta Star Software,all rights reserved.•www.altastar.com•(877)279-8898