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• FloridaRealtors Commercial Contract 1 1. PARTIES AND PROPERTY: Indian River County Emergency Services District, a dependent special taxing district ("Buyer") 2 agrees to buy and Vero West Business Park, LLC ("Seller") 3 agrees to sell the property at: 4 Street Address: 1855 98th Avenue, Vero Beach, FL 32966 6 Legal Description. See attached Exhibit "A" 7 a and the following Personal Property. None 9 10 (all collectively referred to as the "Property") on the terms and conditions set forth below. 11 2. PURCHASE PRICE: S 430,000.00 12 (a) Deposit held in escrow by. S -0- 13 ("Escrow Agent") ;checks are subject to actual and final collection) 14 Escrow Agent's address: Phone: 15 (b) Additional deposit to be made to Escrow Agent 16 J within days (3 days, if left blank) after completion of Due Diligence Period or 17 J within days after Effective Date S -0- 18 (c) Additional deposit to be made to Escrow Agent 19 J within days (3 days, if left blank) after completion of Due Diligence Period or 20 J within days after Effective Date S -0- 21 (d) Total financing (see Paragraph 5) S -0- 22 (e) Other S -0- 23 (f) All deposits will be credited to the purchase price at closing. 24 Balance to close. subject to adjustments and prorations, to be paid 25 via wire transfer. S 430,000.00 26 For the purposes of this paragraph, "completion" means the end of the Due Diligence Period or upon delivery of 27 Buyer's written notice of acceptability. 28 3. TIME FOR ACCEPTANCE; EFFECTIVE DATE; COMPUTATION OF TIME: Unless this offer is signed by Seller 29 and Buyer and an executed copy delivered to all parties on or before June 10, 2020 , this offer 30 will be withdrawn and the Buyer's deposit, if any, will be returned. The time for acceptance of any counter offer will be 31 3 days from the date the counter offer is delivered. The "Effective Date" of this Contract is the date on which the 32 last one of the Seller and Buyer has signed or initialed and delivered this offer or the final counter offer or 33 . Calendar days will be used when computing time periods. except time periods of 5 34 days or less. Time periods of 5 days or less will be computed without including Saturday, Sunday, or national legal 35 holidays. Any time period ending on a Saturday, Sunday, or national legal holiday will extend until 5:00 p.m. of the next 36 business day. Time is of the essence in this Contract. 37 4. CLOSING DATE AND LOCATION: 38 (a) Closing Date: This transaction will be closed on or before June 30, 2020 (Closing Date). unless 39 specifically extended by other provisions of this Contract. The Closing Date will prevail over all other time periods 40but not limited to. cing and Due Diligence periods. In the event insurance underwriting is suspended 4 ) ( ) and Seller acknowledge receipt of a copy of this page. which is Page 1 of 8 Pages. CC -5 Rev. 9/17 ;72017 Flonda Realtors" Licensed to Alta Star Software and ID. D1021813796.N81D.113941 Software and added formatting © 2020 Alta Star Software, all rights reserved. • www.altastar.com • (877) 279-8898