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251 document, or item given by or delivered to an attorney or real estate licensee (including a transaction broker) 252 representing a party will be as effective as if given by or delivered to that party 253 17. DISCLOSURES: 254 (a) Commercial Real Estate Sales Commission Lien Act: The Florida Commercial Real Estate Sales 255 Commission Lien Act provides that a broker has a lien upon the owner's net proceeds from the sale of 256 commercial real estate for any commission earned by the broker under a brokerage agreement. The lien upon the 257 owner's net proceeds is a lien upon personal property which attaches to the owner's net proceeds and does not 258 attach to any interest in real property. This lien right cannot be waived before the commission is earned. 259 (b) Special Assessment Liens Imposed by Public Body: The Property may be subject to unpaid special 260 assessment lien(s) imposed by a public body. (A public body includes a Community Development District.) Such 261 liens, if any, shall be paid as set forth in Paragraph 9(e). 262 (c) Radon Gas: Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in 263 sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that 264 exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon 265 and radon testing may be obtained from your county public health unit. 266 (d) Energy -Efficiency Rating Information: Buyer acknowledges receipt of the information brochure required by 267 Section 553.996, Florida Statutes. 268 18. RISK OF LOSS: 269 (a) If, after the Effective Date and before closing, the Property is damaged by fire or other casualty, Seller will 270 bear the risk of loss and Buyer may cancel this Contract without liability and the deposit(s) will be returned to 271 Buyer. Alternatively, Buyer will have the option of purchasing the Property at the agreed upon purchase price and 272 Seller will credit the deductible, if any and transfer to Buyer at closing any insurance proceeds, or Seller's claim 273 to any insurance proceeds payable for the damage. Seller will cooperate with and assist Buyer in collecting any 274 such proceeds. Seller shall not settle any insurance claim for damage caused by casualty without the consent of 275 the Buyer. 276 (b) If, after the Effective Date and before closing, any part of the Property is taken in condemnation or under the 277 right of eminent domain, or proceedings for such taking will be pending or threatened, Buyer may cancel this 278 Contract without liability and the deposit(s) will be retumed to Buyer. Alternatively, Buyer will have the option of 279 purchasing what is left of the Property at the agreed upon purchase price and Seller will transfer to the Buyer at 280 closing the proceeds of any award, or Seller's claim to any award payable for the taking. Seller will cooperate 281 with and assist Buyer in collecting any such award. 282 19. ASSIGNABILITY; PERSONS BOUND: This Contract may be assigned to a related entity, and otherwise ❑ is not 283 assignable ❑x is assignable. If this Contract may be assigned, Buyer shall deliver a copy of the assignment agreement 284 to the Seller at least 5 days prior to Closing. The terms "Buyer, " "Seller" and "Broker" may be singular or plural. This 285 Contract is binding upon Buyer, Seller and their heirs, personal representatives, successors and assigns (if 286 assignment is permitted). 287 20. MISCELLANEOUS: The terms of this Contract constitute the entire agreement between Buyer and Seller. 288 Modifications of this Contract will not be binding unless in writing, signed and delivered by the party to be bound. 289 Signatures, initials, documents referenced in this Contract, counterparts and written modifications communicated 290 electronically or on paper will be acceptable for all purposes, including delivery, and will be binding. Handwritten or 291 typewritten terms inserted in or attached to this Contract prevail over preprinted terms. If any provision of this Contract 292 is or becomes invalid or unenforceable, all remaining provisions will continue to be fully effective. This Contract will be 293 construed under Florida law and will not be recorded in any public records. 294 21. BROKERS: Neither Seller nor Buyer has used the services of, or for any other reason owes compensation to, a 295 licensed real estate Broker other than: 296 (a) Seller's Broker: (Company Name) (Licensee) 297 298 299 300 301 302 (Address, Telephone, Fax, E-mail) who ❑ is a single agent F-1isa transaction broker ❑ has no brokerage relationship and who will be compensated by [:]Seller El Buyer Ll both parties pursuant to ❑ a listing agreement ❑ other (specify) (b) Buye roker: _ Buyer ( ;O and CC -6 3125 SedaW 059714- 1758917737 Colliers International Gerard Yetming (_) acknowledge receipt of a copy of this page, which is Page 6 of 8 Pages. 02025 Fbrida Reaftoas* Form Simplicity