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EASMENT AND RESTRICTIONS: The property is sold subject to any easement, restriction, applicable <br />limitations, rights of way and planning and zoning regulations. The undersigned hereby agree that any <br />suit, action or legal proceeding arising out of or relating to the auction shall be brought solely and <br />exclusively in the courts of the State of Florida, Indian River County, Florida, consent to the jurisdiction of <br />such court in any suit, action or proceeding and waive any objection which they may have to the laying of <br />venue of any such suit, action or proceeding in such court. Further, the parties acknowledge and agree <br />that this purchase and Sale Contract shall be governed by, construed and enforced in accordance with <br />the internal laws of the State of Florida without regard of principles of conflicts of laws. The Buyer and <br />Seller, and their respective agents, employees or any other parties acting on their behalves, specifically <br />agree to HOLD HARMLESS the Auctioneer, its officers, directors and employees, for any injuries or <br />damages arising from this Purchase and Sale Contract. All parties signing this Purchase and Sale <br />Contract in ariy representative capacity represent that they have the authority to sign on behalf of such <br />party or entity. If the sale of the subject real estate is by auction, it is subject to all restrictions and <br />announcements made at the opening of the auction. We further certify that we have examined the <br />property described hereinabove; that we are thoroughly acquainted with its conditions and accept it as <br />such. <br />Buyer shall. accept this real estate on an "AS IS" basis with no warranties expressed or implied. <br />All closin .cos.t>is, i.e. documentary stamps, title insurance, mortgage costs (if applicable), Survey, <br />any new lege icriptions and other costs associated with the transfer of deed shall be at the <br />expense of3:uyer. The Seller shall confirm, or counter offer the Contract price within 5 business <br />days of the auction; Indian River County Board of County Commissioners shall confirm or deny its first <br />right of refusal on or before May 16,2017. This contract is contingent upon the final approval of Ord. # <br />534 of Chapter 169 of Table 160 of Indian River Shores land development code. BUYER AND SELLER <br />ACKNOWLEDGE THIS CONTRACT HAS BEEN READ AND UNDERSTOOD PRIOR TO SIGNING IT. <br />Seller: Brian M. Barefoot, bAyor (Dat <br />_ <br />Seller: Rober.t.1-17SIabe, Jr. Town Manager (Date) <br />Indian River Auctions & Appraisals, LLC, CQ1028116 <br />_Witness <br />F.W. `Rick" Baker, AU 1526 Manager IRAA LLC <br />-3- <br />(Date) <br />S 6 J /7 <br />'(Dfate) <br />P74 <br />