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TO' PURCHASE. A CHANGE OF OWNERSHIP OR PROPERTY IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT IN HIGHER PROPERTY TAXES. IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION, .CONTACT THE COUNTY PROPERTY APPRAISER'S OFFICE FOR INFORMATION. 31. FIRPTA TAX WITHHOLDING: Seller shall inform Buyer in writing if Seller is a "foreign person" as defined by the Foreign Investment in Real Property Tax Act ("FIRPTA"). Buyer and Seller shall comply with FIRPTA, which may require Seller to provide additional cash at Closing. If Seller is not a "foreign person', Seller can provide Buyer, at or prior to Closing, a certification of non - foreign status, under penalties of perjury, to inform Buyer and Closing Agent that no withholding is required. Buyer and Seller are advised to seek legal counsel and tax advice. regarding their respective rights, obligations, reporting and withholding requirements pursuant to FIRPTA. 32. Coastal Properties, The property being purchased may be subject to coastal erosion and to federal, state, or local' regulations that govern coastal property, including the delineation of the coastal construction control line, rigid coastal protection structures, beach nourishment, and the protection of marine turtles. Additional information can be obtained from the Florida Department of Environmental Protection, including whether there are significant erosion conditions associated with the shoreline of the property being purchased. 33. Escrow Agent. Any Closing Agent or Escrow Agent (collectively "Agent") receiving the Deposit, other funds and other items is authorized, and agrees by acceptance of them, to deposit them promptly, hold same in escrow within the State of Florida and disburse them in accordance with terms and conditions of this Agreement. When conflicting demands for the Deposit are received, or Agent has a good faith doubt as to entitlement to the Deposit, Agent may take such actions permitted by this paragraph, as Agent deems advisable, If in doubt as to Agent's duties or liabilities under this Agreement, Agent may, at Agent's option,, continue to hold the subject matter of the escrow until the patties agree to its disbursement or until a final judgment of a court of competent jurisdiction shall determine the rights of the parties, or Agent may deposit same with the clerk of the circuit court having jurisdiction of the dispute, An attorney who represents a party and also acts as Agent may represent such party in such action. Upon notifying all patties concerned of such action, all liability on the part of Agent shall fully terminate, except to the extent of accounting for any items previously delivered out of escrow. If a licensed real estate broker, Agent will comply with provisions of Chapter 475, F.S., as amended and FREC rules to timely resolve escrow disputes through mediation, arbitration, interpleader or an escrow disbursement order. Any proceeding between Buyer and Seller wherein Agent is made a party because of acting as Agent hereunder, or in any proceeding where Agent interpleads the subject matter of the escrow, Agent shall recover reasonable attorney's fees and costs incurred, to be paid pursuant to court order out of the escrowed funds or equivalent. Agent shall not be liable to any party or person for mis-delivery of any escrowed items, unless such riais-delivery is due to Page 7 of 10 FL Confidential