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CLOSING AGREEMENT
<br />Seller(s): Clegliorn.Shoe Corporation, a.Massachusetts corporation, as successor to Miami Gardens, Inc.
<br />Buyer($).: Indian River. County;,Tlorida, apolitical subdivision of the State ofFlorida
<br />Closing Agent: Atlantic Coastal Land, Title Company .LLC
<br />Property Location: 901.0 87th St, Vero Beach, CL 32.967
<br />The undersigned hereby acknbwledge(s) and understand that contracts, affidavits, deeds, .loan
<br />documents and similarly related documents associated with a real cs.tatc 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 aiiy time 1(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,thc advice of an attorney.
<br />TAX RE-PRORAT[ON .AGR.FEMFNT: ff the, property tax Bill. for the year .of closing has not been
<br />issued by the Tax Collector at the time of closing, then the tax prorations set forth on the closing
<br />statement are haled upon an estimate, and that the actual taxes. far the calendar year in which "closing"
<br />takes place could represent .an amount substantially different from that upon which the proration was
<br />based. If such a difference is realized, the parties agrc;e that upon demand of the other; to, without
<br />unreasonable delay, re -prorate. said taxes based on the actual amount,of the bill rendered, using formulae
<br />standard in the industry, and to make an appropriate; monetary adjustment between themselves! The
<br />Closing Agent.is not responsible. to inalce further`adjustthents.
<br />AGREEMENT TO COOPERATE.- If requested by Lender`(if any) or Closing, Agent, ,the parties agree to
<br />fully cooperate and adjust for.cleiiical errors; including the dkecutian or re-execution of any reasonable
<br />document and/or the remittance .of any additional sum. The parties further agree that any amounts of
<br />inoricy'due others for services rendered in conjunction with subject "closing:'.' (such as balances owed to
<br />existing mortgages, loan costs associated with anew Mortgage, survey; termite or roof inspection fees, or
<br />other such costs or fees due), not collected or paid for .out of:closing funds, remain the responsibility:of
<br />the contracting _party to so pay, and the collection and reinittance af-sUch fees; costs or indebtedness, by
<br />the closing agent is a courtesy service provided ;by the closing agent, with the contracting. party remaining
<br />liable for payment ofany such fees; or shortages; not collected from the obligated party coincident to the
<br />"closing".
<br />ItOMEOWNF,R1S / CONOOMINIUM ASSOCIATIONS) (IF APPLICAIILE): The Buyer
<br />-acknowledges the existence .of any homeowners, and/or condominium association(,) and is ;aware. that
<br />:monthly, quarterly or annual . maintenance assessments may be, due to said association(s). Said
<br />associations) inay also have the authority to, regulate and enforce community covenants and.restrictions:
<br />PROPERTY CONDITION: Closing Agent does not make any representations or warranties..inor.assurne
<br />any liability, with respect to the physical condition of the property, and .any repairs to the property.
<br />.SURVEY(IF' Rt0UIRED OR OBTAINED): The Buyer. hereby acknowledges receipt of a copyotany
<br />1.survey prepared for the subject transaction. The Buyer has reviewed said:.survey and accepts "title subject
<br />to the matters set forth on said survey.
<br />CLOSING/SETTLEMENT STATEMI,NT: Closing Agent does. not adjust -and/or assume liability for
<br />charges for water, rents, gas; electricity, taxes vn personal property; garbage taxes or fees, license taxes,
<br />association assessments or dues; or estoppel informatiori ftirnished by mortgagees or others: Sometimes
<br />recording fees and co.uridr/ekpress itlaiI fees may vary due to the unknown amounts. of the tithe of closing.
<br />Therefore, the .parties acknowledge hcr&% that monies collected for recording and courier/express mail
<br />pur,c I qF2
<br />File No,: 20247260 e.r�
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