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•i 40 26. AMENDMENTS. No modification, amendment or alteration hereto, shall be effective or binding upon any of the parties hereto until it has been executed by all of the parties hereto. 27. ADDENDUM. Any addendum attached hereto that is signed by the parties shall be deemed a part of this Agreement. 28. NOTICE. Whenever either party desires or is required to give notice unto the other, it must give by written notice, and either delivered personally or mailed to the appropriate address indicated on the first page of this Agreement, or such other address as is designated in writing by a party to this Agreement. 29. SURVIVAL. The covenants, warranties, representations, indemnities and undertakings of Seller set forth in this Agreement shall survive the closing, the delivery and recording of the deed described in paragraph 8. of this Agreement and County's possession of the Property, except as specifically otherwise provided herein. 30. SHARED COST. The School Board of Indian River County, Florida, has approved on February 23,1999 and on April 27,1999 the cooperative use of the property that is the subject of the Option Agreement for Sale and Purchase between Indian River County (Buyer) and Annette R. Roberts, Trustee (Seller). It is the intent, as expressed in public meetings on February 23, 1999 and April 27, 1999 that the School Board will purchase a portion of the total 25 acre site from Indian River County. Both Indian River County and the School Board intend to work together in a fleet management and warehousing complex. THIS AGREEMENT IS INITIALLY TRANSMITTED TO THE SELLER AS AN OFFER. IF THIS AGREEMENT IS NOT EXECUTED BY THE SELLER. ON OR BEFORE 1999 THIS OFFER WILL BE VOID UNLESS THE PURCHASER, AT ITS SOLE OPTION, ELECTS TO ACCEPT THIS OFFER BY EXECUTING IT. SELLER UNDERSTANDS AND AGREES THAT THIS OPTION AGREEMENT SHALL BE FULLY BINDING UPON IT AS OF THE TIME OF EXECUTION BY SELLER FOLLOWED WITHIN A REASONABLE TIME THEREAFTER (NO MORE THAN 60 DAYS) BY EXECUTION BY INDIAN RIVER COUNTY. THE EXERCISE OF THIS OPTION IS SUBJECT TO: (1) APPROVAL OF THIS AGREEMENT, AND THE TOTAL PURCHASE PRICE, BY PURCHASER (2) CONFIRMATION THAT THE TOTAL PURCHASE PRICE IS NOT IN EXCESS OF TI -IL FIINdAL COUNiY APPROVED APPKA1SED VALUE OF THE PROPERTY, AND (3) COUNTY APPROVAL OF ALL DOCUMENTS TO BE FURNISHED HEREUNDER BY SELLER. Witness as to Sele?r Ma Nv T , RoBF�f� ./ Witness as to Seller 5-41409A L. re'sr SELLER By: Annette R. Ro erts, trustee F.E.ID# 144-20-3264 q Q Date signed: C,/,-, ,