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o: consents, orother documents necessary for Buyer to conduct inspections
<br />275 orwork prepared, but in fulfilling such obligation, Seller shall not be required to expend, 0[become obligated to
<br />276 expend, any money.
<br />277 (o) ASSIGNMENT OF REPAIR AND TREATMENT CONTRACTS AND WARRANTIES: AtBuyer's option and
<br />orx cost, Seller will, otClosing, assign all assignable repair, treatment and maintenance contracts and warranties
<br />o'e to Buyer.
<br />om ESCROW AGENT AND BROKER
<br />281 13.ESCROW AGENT: Any Closing Agent orEscrow Agent (collectively Deposit, other funds
<br />oo and other items isauthorized, and agrees by acceptance nfthem, iodeposit themprompU hold same inescrow
<br />283 within the 8bsha of Florida and, subject to COLLECTION, disburse them in accordance with henne and conditions
<br />284 ofthis Contract. Failure offunds bobecome COLLECTED shall not excuse Buyers db noa.VVhwnuonflicUng
<br />uun demands for the Deposit are received, urAgent has agood faith doubt asboentitlement bz@haDe 't,Aoentmoy
<br />cos take such actions permitted by this PoFoQ7eph 13 Agent deems advisable. If in doubt as to Agents duties or
<br />287 liabilities under this Contract, Agent may, atAgent' soption, continue bohold the subject matter ofthe escrow until
<br />om the partiesagree bzits disbursement Oruntil afinal judgment ofa court nfcompetent 'WhgdicbonohaUdodenVine
<br />euy No rights of the pmdUoo, or Agent may deposit same Vith the clerk of the circuit court having jurisdiction of the
<br />uou dispute. An attorney h bg a party and also acts as Agent may represent such party in such action. Upon
<br />291 notifying all parties concerned of such action, all liability on the pod of Agent shall fully terminate, except to the
<br />uoz extent of accounting for any items previously delivered out of escrow. If licensed real estate broker, Agent will
<br />om comply with provisions of Chapter 475, F.S., as amended and FREC rules to timely resolve escrow disputes through
<br />nm mediation, arbitration, interpleader orenescrow disbursement order.
<br />29e In any proceeding between Buyer and Seller wherein Agent is made a party because of acting as Agent hereunder,
<br />:no or in any proceeding where Agent interpleads the subject matter of the escrow, Agent shall recover reaoonab|e
<br />cor attorney's fees and costs incurred, bobe, paid pursuarittoooudonderoutmfthemocrmmed funds orequivalent. Agent
<br />xou shall not beliable toany party orperson for mhm^de|ivoryoyany escrowed items, unless such mia'de|ivaryisdue ho
<br />nm Agent's willful breach of this Contract or Agents gross negligence, This Paragraph 13 shall oumk/e Closing or
<br />um termination ufthis Contract '
<br />301 14' PROFESSIONAL ADVICE; BROKER LIABILITY: Broker advises Buyer and Seller toverify Property oond\Uon,
<br />oou square footage, and all other facts and representations made pursuant to this Contract and toconsult appropriate
<br />ona professionals for legal, tax, environmental, and other specialized advice concerning matters affecting the Property
<br />ao* and the transaction contemplated by this- Contract. Broker represents to Buyer that Broker does not reside on the
<br />oou Property and that all representations (ona}.written orotherwise) by Broker are based onSeller representations or
<br />^oa public records. BUYER AGREES TO RELY SOLELY ON SELLER, PROFESSIONAL INSPECTORS AND
<br />307 GOVERNMENTAL AGENCIES FOR VERIFICATION. OF PROPERTY CONDITION, SQUARE FOOTAGE AND
<br />xnu FACTS THAT MATERIALLY AFFECT PROPERTY VALUE AND NOT ON THE REPRESENTATIONS (ORAL.
<br />nue WRITTEN OR OTHERWISE) OF BR0KER� Buyer and Seller (individually,the "Indemnifying Party') each
<br />310 individually indemnifies' holds hannieon. and releases Broker and Broker's mffionns, dinentoro, agents and
<br />311 employees from all liability for loss or damage, including all costs and expenses, and reasonable attorney's fees at
<br />312 all levels, suffered urincurred by Brokerandj]Puhe/sofficecs.d|neoblna.ogenlaandemnpbmeasinoonneoUonwiih
<br />u,» or arising from o|aima, demands or causes of action instituted by Buyer or Seller based on: (i) inaccuracy of
<br />314 information provided oythe Indemnifying Party
<br />ms nanuna no perform contractual obligations; Vx/ 13roxers performance, az /nuennm/ymg Party's request, of any task
<br />xm beyond the scope of oarvim*a regulated by Chapter 475. F,s., as amended, including Broker's n*ferny|,
<br />on recommendation ba U of any vendor for, r on behalf of, Indemnifying P (iv) nzd ds or services
<br />318 provided by any such vendor for, or on behalf of,'Indernnifying Party; and (v) expenses Incurred by any such vendor.
<br />xm Buyer and Seiler each assumes full responsibility for selecting and compensating their respective vendors and
<br />zm paying their other costs under this Contract whether o/not this transaction closes. This Paragraph 14will not relieve
<br />321 Broker ofstatutory obligations under Chapter 475-,F.S..as amended. For purposesmfthis Paragraph 14.Broker
<br />322 will batreated ooaparty bothis Contract This Paragraph 14shall survive Closing ortermination ofthis Contract.
<br />am DEFAULT- AND DISPUTE RESOLUTION
<br />sm 15' DEFAULT:
<br />325 (a) BUYER DEFAULT: \fBuyer fails, neglects or refuses to perform Buyeeo obligations under this Contract,
<br />326 including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the Deposit
<br />327 for the account of Seller as agroed upon liquidated damages, consideration for execution of this Contract, and
<br />xuo in full settlement of any claims, whereupon Buyer,and, Seller shall be relieved from all further obligations under
<br />Buyees Initla 9�Dk�- Page, 0qf12 sellers inmals__��~�__
<br />piormanaauv 1rmxoo17F1vduaR=ahum°ondThe F|oridmBar. All rights reserved.
<br />Sarlal#� 055327-300151-8791720
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