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RESIDENTIAL PURCHASE AND SALE AGREEMENT-FLORIDA 1. Parties: This Agreement represents an agreement made effective as of the date when the last one of Buyer and Seller has signed at the end of this document(the"Effective Date")by and between TD Bank,N.A. (hereinafter referred to as"Seller"),and Indian River County, of 1801 27th St Vero Beach FL 32960 (hereinafter referred to as"Buyer"). 2. Property: Seller agrees to sell,and Buyer agrees to purchase,a certain parcel or parcels of land with the buildings thereon situated at See Exhibit A the same parcel conveyed to TD Bank by deed dated and recorded in the County Registry of Deeds in Book ,page (the"Prior Deed"),see attached Exhibit A (hereinafter,collectively the"Property"). The Property shall not include any personal property,except the following specifically included personal property:N/A. BUYER is aware that SELLER acquired the Property by way of FORECLOSURE,DEED IN LIEU OR SIMILAR PROCESS,and that SELLER is selling and BUYER is purchasing the Property in its "EXISTING CONDITION"WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. 3. Closing: The closing of this transaction shall occur,and the closing documents required to be furnished by Buyer and Seller(the "Closing") shall take place on or before (the "Closing Date"), provided that Buyer and Seller may agree in writing to extend the date for Closing. Closing will take place at the office of the Closing Agent;however, Closing may be conducted by mail or electronic means. The deed shall be recorded upon receipt of"Collected"closing funds. 4. Purchase Price:The agreed purchase price for the Property(the"Purchase Price")is Three thousand five hundred Dollars($3,500.00)to be paid by Buyer as follows: (i)a deposit of Dollars($ )on the Effective Date("Initial Deposit"); (ii)an additional deposit of 0 Dollars($0)due 0 days after the Effective Date(the"Additional Deposit")(the Initial Deposit and the Additional Deposit collectively referred to as the'Deposit"). The Deposit shall be held in escrow by Gullett Title Address:401 St Johns Ave Palatka FL 32177 Phone:386-326-5106 Email: Nancv@gulletttitle.com Fax: (the"Escrow Agent").The Deposit is nonrefundable,except as specifically provided in this Agreement.The remaining balance of the Purchase Price shall be due and payable at the time of the Closing in"Collected"funds. For purposes of this Agreement,"Collected"funds shall mean funds that have been finally collected and deposited in the Account of the Escrow Agent or the Closing Agent. Seller shall retain any and all interest on the Deposit. 5. OFAC:Neither the Buyer nor any of its affiliates or beneficial owners,or any of its or its affiliates' respective officers,directors,agents,partners,members,beneficial owners,controlling entities or employees: (i)is a country individual or entity named on the Specifically Designated National and Blocked Persons(SDN)list issued by the Office of Foreign Asset Control of the Department of the Treasury of the United States of America;or(ii)is a party to or is otherwise involved in any present or threatened litigation or is aware of any of Buyer's affiliates or beneficial owners or any of Buyer's or its Page 1 of 10 FL t Confidential /�`