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2021-124
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2021-124
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Last modified
11/29/2021 3:43:30 PM
Creation date
9/7/2021 2:22:10 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
08/17/2021
Control Number
2021-124
Agenda Item Number
12.E.1.
Entity Name
TIGR Acquisitions III, LLC
(with consulting from SteepSteel LLC)
Subject
Purchase and Sale Agreement for 810 Bailey Road Tower
supporting doscuments added 11_29_21; signed by county admin
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have been signed or presented by a proper person or persons, and/or(c)to conform with the provisions <br /> of this Escrow Agreement. In no event shall Escrow/Settlement Agent's liability exceed the amount of <br /> its fee for acting as Escrow/Settlement Agent. <br /> 8. In the event of a dispute between any of the parties hereto sufficient in the sole discretion of <br /> Escrow/Settlement Agent to justify its doing so, Escrow/Settlement Agent shall be entitled to tender <br /> unto the registry or custody of any court of competent jurisdiction all money or property in its hands <br /> held under the terms of this Escrow Agreement, together with such legal pleading as it deems <br /> appropriate, and thereupon be discharged. Escrow/Settlement Agent shall be reimbursed for all costs <br /> and fees incurred, including reasonable attorney fees, from the unsuccessful Party or out of the escrow <br /> if no judicial determination is made. <br /> 9. With regard to any transfer taxes or title related charges which are required to be paid by the responsible <br /> party for payment in connection with this transaction,the responsible party for payment hereby agrees <br /> to pay to TitleVest Agency, LLC ("Title Company") promptly upon demand, any shortfall in any such <br /> transfer taxes or charges that should have been charged and collected from the responsible party for <br /> payment but were not for whatever reason including a County Clerk's,Recorder's or Registry's clerical <br /> error or oversight in collecting said transfer taxes or title related charges. The Parties further agree, if <br /> requested by the Title Company,to promptly and fully cooperate and adjust any clerical error,correction <br /> or omission of any document, if deemed necessary or desirable by the Title Company. Excess transfer <br /> taxes, if any, shall be held by the Title Company for up to six (6)months following the closing,pending <br /> possible assessment or re-assessment by the taxing authority. <br /> 10. This document may be executed in counterparts and said counter parted signatures shall be considered <br /> as a whole. Facsimile signature of this Escrow Agreement, and any instructions, directions or requests, <br /> made among the parties hereto shall be deemed to be reliable,binding and enforceable upon said parties. <br /> 11. In the event any of the original executed documents deposited in escrow misstate or inaccurately reflect <br /> information contained therein, and said misstatement or inaccuracy is due to a mistake on the part of <br /> clerical error, then in such event Purchaser or Seller shall, upon request by the other and in order to <br /> correct such misstatement or inaccuracy, execute such new documents as may be deemed necessary to <br /> remedy said inaccuracy or mistake, or slip sheet pages of documents to remedy said inaccuracy or <br /> mistake upon receipt of written approval by the parties to the original executed document. Further, <br /> Purchaser and Seller agree that in such event they will provide joint direction to Escrow Agent to revise <br /> the documents accordingly. <br /> IN WITNESS WHEREOF, the undersigned have caused this instrument to be duly executed and its seal to <br /> be affixed thereto as of the day and year first above written. <br /> SELLER: INDIAN RIVER COUNTY, FLORIDA <br /> BY: ✓ 4.-- <br /> `. Jaso . Brown, County Administrator <br /> ADDRESS: 1801 27th Street <br /> Vero Beach, Florida 32960 <br /> PHONE: (772)226-1283 <br /> Asset File#:TwPA0035492 Page 2 of 7 <br />
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