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Vacant Land Contract 1 1. Sale and Purchase("Contract"):Indian River County,a political subdivision of the State of Florida 2 ("Seller") and Sea Oaks Pro•e Owners Association Inc. anon-•rofitcor•oration 3 ("Buyer") (the"parties")agree to sell and buy on the terms and conditions specified below the property("Property") 4 described as: 5 Address: 8811 Highway AlA, Vero Beach,FL 32963 6 Legal Description: 7 Part of Government Lot 2 Section 25. Township 31 South,Range 39 East 8 9 10 11 SEC 25 /TWP/31 /RNG 39 of Indian River County, Florida. Real Property ID No.: 31.39.2s.00000-oo2a0000vo 12 including all improvements existing on the Property and the following additional property: SEE ADDENDUM 13 14 2. Purchase Price: (U.S.currency) $— 859,700.00 15 All deposits will be made payable to"Escrow Agent"named below and held in escrow by: 16 Escrow Agent's Name: Collins Brown Barlett, Chartered 17 Escrow Agent's Contact Person; Bruce Barkett 18 Escrow Agent's Address: 756.Beachland Blvd., Vero Beach, FL 32963 19 Escrow Agent's Phone: 772-231-4343 20 Escrow Agent's Email: bbarkett(a�verolaw.com 21 (a) Initial deposit($0 if left blank) (Check if applicable) 22 ❑accompanies offer 23 ❑will be delivered to Escrow Agent within days(3 days if left blank) 24 after Effective Date $ 42,980.00 25 (b) Additional deposit will be delivered to Escrow Agent(Check if applicable) 26 18(within 3 days(10 days if left blank)after Effective Date 27 ❑within days(3 days if left blank)after expiration of Due Diligence Period $ 28 (c) Total Financing (see Paragraph 6)(express as a dollar amount or percentage) 29 (d) Other. _ $ 30 (e) Balance to close (not including Buyer's closing costs, prepaid items,and prorations) 31 to be paid at closing by wire transfer or other Collected funds $ 816,720.00 32 (f) ❑(Complete only if purchase price will be determined based on a per unit cost instead of a fixed price.)The 33 unit used to determine the purchase price is 0 lot 0 acre 0 square foot ❑other(specify): 34 prorating areas of less than a full unit.The purchase price will be$ per unit based on a 35 calculation of total area of the Property as certified to Seller and Buyer by a Florida licensed surveyor in 36 accordance with Paragraph 8(c).The following rights of way and other areas will be excluded from the 37 calculation: 38 3. Time for Acceptance; Effective Date: Unless this offer is signed by Seller and Buyer and an executed copy 39 delivered to all parties on or before October 10, 2025,this..offer will be withdrawn and Buyer's deposit, if any, 40 will be returned. The time for acceptance of any counter-offer will be 3 days after the date the counter-offer is 41 delivered.The"Effective Date"of this Contract is the date on which the last one of the Seller and Buyer 42 has signed or initialed and delivered this offer or the final counter-offer. 43 4. Closing Date: This transaction will close on See Additional Terms_ ("Closing Date"), unless specifically 44 extended by other provisions of this Contract. The Closing Date will prevail over all other time periods including, 45 but not limited to,Financing and Due Diligence periods. However, if the Closing Date occurs on a Saturday, 46 Sunday,or national legal holiday, it will extend to 5:00 p.m. (where the Property is located)of the next business 47 day. In the event insurance underwriting is suspended on Closing Date and Buyer is unable to obtain property 48 insurance, Buyer may postpone closing for up to 5 days after the insurance underwriting suspension is lifted. If 49 this transaction does not close for any reason, Buyer will immediately return all Seller provided documents and 50 other items. 51 5Extension of Closing Date: If Paragraph 6(b)is checked and Closing Funds from Buyer's lender(s)are not 52 available on Closing Date du-.to Consumer Financial Protection Bureau Closing Disclosure delivery requirements Bu er/� y ( )and Seller )acknowledge receipt of a copy of this page,which is 1 of 8 pages. VAC•1 Rev 8124 tip 02024 Florida Realtors® Licensed to Alta Star Software and I I`/8.472086 Software and added format 4,•-"O 2024 Alta Star Software,all rights reserved.•www.altastar.com-(877)279-8898