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CLOSING AGREEMENT <br />Seller(s): Indian River Surgery Properties, LLC, a Florida limited liability company <br />Buyer(s): Indian River County, a political subdivision of the State of Florida <br />Closing Agent: Atlantic Coastal Land Title Company, LLC <br />Property Location: 1200 37th Street, Vero Beach, Florida 32960 <br />The undersigned hereby acknowledge(s) and understand that contracts, affidavits, deeds, loan <br />documents and similarly related documents associated with a real estate transaction are legal and <br />binding documents. The closing agent is here to facilitate and close the transaction but does not <br />represent the parties as legal counsel. If at any time I(we) do not understand the meaning and <br />consequences of any document and its terms and obligations, I(we) have been advised not sign any <br />document before the seeking the advice of an attorney. <br />TAX RE -PRORATION AGREEMENT: If the property tax Bill for the year of closing has not been issued <br />by the Tax Collector at the time of closing, then the tax prorations set forth on the closing statement are <br />based upon an estimate, and that the actual taxes for the calendar year in which "closing" takes place could <br />represent an amount substantially different from that upon which the proration was based. If such a <br />difference is realized, the parties agree that upon demand of the other, to, without unreasonable delay, re - <br />prorate said taxes based on the actual amount of the bill rendered, using formulae standard in the industry, <br />and to make an appropriate, monetary adjustment between themselves. The Closing Agent is not responsible <br />to make further adjustments. <br />AGREEMENT TO COOPERATE: If requested by Lender (if any) or Closing Agent, the parties agree to <br />fully cooperate and adjust for clerical errors, including the execution or re-execution of any reasonable <br />document and/or the remittance of any additional sum. The parties further agree that any amounts of money <br />due others for services rendered in conjunction with subject "closing" (such as balances owed to existing <br />mortgagees, loan costs associated with a new mortgage, survey, termite or roof inspection fees, or other <br />such costs or fees due), not collected or paid for out of closing funds, remain the responsibility of the <br />contracting party to so pay, and the collection and remittance of such fees, costs or indebtedness by the <br />closing agent is a courtesy service provided by the closing agent, with the contracting party remaining liable <br />for payment of any such fees, or shortages, not collected from the obligated party coincident to the "closing". <br />HOMEOWNER'S / CONDOMINIUM ASSOCIATIONS) (IF APPLICABLEZ The Buyer acknowledges <br />the existence of any homeowners and/or condominium association(s) and is aware that monthly, quarterly <br />or annual maintenance assessments may be due to said association(s). Said association(s) may also have the <br />authority to regulate and enforce community covenants and restrictions. <br />PROPERTY CONDITION: Closing Agent does not make any representations or warranties nor assume <br />any liability with respect to the physical condition of the property, and any repairs to the property. <br />SURVEY(IF REQUIRED OR OBTAINED): The Buyer hereby acknowledges receipt of a copy of any <br />survey prepared for the subject transaction. The Buyer has reviewed said survey and accepts title subject to <br />the matters set forth on said survey. <br />CLOSING/SETTLEMENT STATEMENT: Closing Agent does not adjust and/or assume liability for <br />charges for water, rents, gas, electricity, taxes on personal property, garbage taxes or fees, license taxes, <br />association assessments or dues, or estoppel information furnished by mortgagees or others. Sometimes <br />recording fees and courier/express mail fees may vary due to the unknown amounts at the time of closing. <br />Therefore, the parties acknowledge hereto, that monies collected for recording and courier/express mail <br />fees may be more or less than the amount collected on the closing statement. Any shortfalls or overages <br />Page 1 of 2 <br />File No.: 49084894 <br />LTF <br />