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STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS") CONTINUED 553 parties, to be subsequently disbursed in accordance with the Withholding Certificate issued by the IRS or remitted 554 directly to the IRS if the Seller's application is rejected or upon terms set forth in the escrow agreement. 555 (iv) In the event the net proceeds due Seller are not sufficient to meet the withholding requirement(s) in this 556 transaction, Seller shall deliver to Buyer, at Closing, the additional COLLECTED funds necessary to satisfy the 557 applicable requirement and thereafter Buyer shall timely remit said funds to the IRS or escrow the funds for 558 disbursement in accordance with the final determination of the IRS, as applicable. 559 (v) Upon remitting funds to the IRS pursuant to this STANDARD, Buyer shall provide Seller copies of IRS Forms 560 8288 and 8288-A, as filed. 551 W. RESERVED 562 X. BUYER WAIVER OF CLAIMS: To the extent permitted by law, Buyer waives any claims against Seller 563 and against any real estate licensee involved in the negotiation of this Contract for any damage or defects 564 pertaining to the physical condition of the Property that may exist at Closing of this Contract and be 565 subsequently discovered by the Buyer or anyone claiming by, through, under or against the Buyer. This 565 provision does not relieve Seller's obligation to comply with Paragraph 106f), This Standard X shat! survive 567 Closing. 568 ADDENDA AND ADDITIONAL TERMS s69• 19. ADDENDA: The following additional terms are included in the attached addenda or riders and incorporated into this 570 Contract (Check if applicable): ❑ A. Condominium Rider ❑ K. RESERVED ❑ T. Pre -Closing Occupancy ❑ B. Homeowners' Assn. ❑ L. RESERVED ❑ U. Post -Closing Occupancy ❑ C. Seller Financing ❑ M: Defective Drywall ❑ V. Sale of Buyer's Property ❑ D. Mortgage Assumption ❑ N. Coastal Construction Control ❑ W. Back-up Contract ❑ E. FHAfVA Financing Line ❑ X. Kick -out Clause ❑ F. Appraisal Contingency ❑ O. Insulation Disclosure ❑ Y. Seller's Attorney Approval ❑ G. Short Sale Q P. Lead Paint Disclosure (Pre -1978) ❑ Z. Buyer's Attorney Approval ❑ H. Homeowners/Flood ins. ❑ Q. Housing for Older Persons ❑ AA. Licensee Property Interest ❑ I. RESERVED ❑ R. Rezoning ❑ BB. Binding Arbitration ❑ J. Interest -Bearing Acct. ❑ S. Lease Purchase/ Lease Option ❑ Other: 57v 20. ADDITIONAL TERMS: _Purchase is contingent on approval of the Indian River Board of County Commissioners. 572 Buyer to designate closing agent and seller to pay closing costs. 573 In the event seller and buyer agree to cancel this contract, for any reason , there will be no real estate 574 commission due or payable. 575 576 677 578 579 580 581 582 583 584 585 586 587 588 COUNTER-OFFERIREJECTION 589• ❑ Seller counters Buyer's offer (to accept the counter-offer, Buyer must sign or initial the counter -offered terms and 590 deliver a copy of the acceptance to Seller). 591- ❑ Seller rejects Buyer's offer. Buyer's Initials -'G� Page 11 of 12 Seller's initials �`�.� FloddaRealtors/FloridaBar-ASIS-5 Rev.4/17 © 2017 Florida Realtors® and The Florida Bar. All rights reserved. Se rials: 008600-400151-9151278