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az� #his Contract,or Seller,at Se][er`s option,may,pursuant ta Paragraph 16,proceed in equity ta enforce Seller's
<br /> 3ao rights under this Contract.The portion of the Deposit, if any, paid to Lisfing Broker upon default by Buyer,shall
<br /> ss1 be split equally between Listing Broker and Coaperating eroker;provided however,Cooperaking Broker's share
<br /> 332 shail nof be greater than the carnmissian amounf Listing Broker had agreed to pay fa Coaperating Braker.
<br /> asa (b) SELLER DEFAULT: If for any reason other than failure of Seller to make Seller's title marketable after
<br /> �sa reasonable diligenf effort,Selter fails, negiects ar refuses to per�orm Seiler's abiigations under this Contfact,
<br /> aas Suyer may elecf to receive retutn of Buyer`s Deposit without thereby waiving any action for damages resulfing
<br /> 3ss from Seller's breach, and, pursuant to Paragraph 'I6, may seek ta recover such damages ar seek speci�c
<br /> �sz pecformance.
<br /> 338 This Paragraph 15 shall suroive CtosEng or termination of khis Contract.
<br /> ss� 16. DlSPUTE RESOLUTION: Unresolved cflntroversies, cEaims and ather matters in questian between Buyer anci
<br /> a4o Setler arising out af,or retating fo,thts Contract or its breach,enfarcement or interpretafian("Dlsputa")wil(be settied
<br /> aai as follows:
<br /> saz (a) Buyer and Sel�er wi11 have 'I(}days after the date conflicting demar►ds for#he Deposit are made to atEempt#o
<br /> aas resofve such Dispute,failing which, Buyer and Seller shall submit such Dispute ta medialion under Paragraph
<br /> 344 16(b).
<br /> sa� {b} Buyer and Seiter shall atternpt to settte Disputes in an amicable manner througt�media#ion pursuant fa Flosicfa
<br /> �ae Rules for Certified and Cnurt-Appofnted Mediatars and Chapter 44,�.S.,as amended{the"Mediation Rafes").
<br /> s�r The mediafor must be certifled or must have experisnce in ihe reat estate industry. Icijurtctiv� rellef may b�
<br /> aas soughf withaut first complying with this Aaragrapf� 16(b). Disputes not setfled pursuant fo this Paragraph 96
<br /> aas may be resoived by instituting action in the app�opriake court having jurisdiction qf the matter.This Paragraph
<br /> a�o 96 shall survive Clpsing or termination af this Gantract.
<br /> ae� 17. ATTORNEY'S FEES; COSTS:The parties will split equally any mediatlon fee incurred in any mediation permitted
<br /> �z by t�ls Cantract,and each party witl pay the9r own cosfs,expenses and fees,including attorney's fees,incurrsd in
<br /> �3 conducting the mediatian. tn any Iltfgation permitted by this Contraet,the prevaliing party shall be entitied to recover
<br /> asa from the non-prevalling party costs and fees, including reasonable attomey's fees, incurred in conducting the
<br /> sss lifigaEian.This Paragraph 17 shall survive Gtosing ac termination af this Contract.
<br /> sss STANDARDS FOR REAL ESTATE TRANSACTIONS("S'TANDARDS")
<br /> ssT 18. STANQARDS;
<br /> 358 A. TITLE:
<br /> sss (i} TITL� EVtDEHCE; RESTR[CT�flNS; EASEMENTS; l.ItVItTATIONS. Within the tima period pravided in
<br /> sso Paragraph 9(c},the Title Commifinent,wlth legible copies of instruments listed as exceptions attached the�eto,shall
<br /> 38'! be Essued and delivered to Buyer.The Title Gommitsnent shal!set forih those rnatte�s#o be discharged by Se{!er at
<br /> ssz or before Closing and shal)provide fhat,upan recording of the deed to Buyer,an owner's policy af fifle insuranae
<br /> �s3 in the amaunt of the Purchase Price,shall be issued to Buyer insuring Buyers marketable title to the Real Properfy,
<br /> ssa subject onCy to the followin� matters: (a}com�reMenslve land use plans, zoning, and other Eand use restrictions, �
<br /> ass prohibitlons and requirements imposed by governmental autharity; (b)restrictions and matters appearing on the
<br /> ass Plat or othenrvise cornmon to the sUbdivision;(c}outstanding oil, gas and mineral rights of record without right of
<br /> 387 enfry; (d)unplatted public ufility easements of reeord{located contiguous fa real property Ilnes and nat mare fhan
<br /> sse 1p feet in width as to rear or front lines and 7 112 feet in width as ko side lines}; (e)taxes for year af Closing and
<br /> ass su�sequent years;and (f)ass�med martgages artd purchase money martgages, if any(If additional Items,attach
<br /> a�o addendum};provided,that, nane prevent use of f'roperty for R�StDENTiAL PURPOSES. tf there exists at Closing
<br /> s�� any violation of items identified in(b)—(�abave,then the same shalE be deemed a title defeck.Marketable title shall
<br /> 3�2 be de#ermined according to applicable Title Standards adapted by aufharity of The�lorida Bar and in accordance
<br /> 373 W�f�l�BW.
<br /> s7a (li} TITl.E EXAMINATIQN;Buyer shal!have 5 days af#er receipt of Tltle CammEtment to examine it and nailfy Seller
<br /> 375 in writing specifying defect(sy, if any, that render titte unmarketabte. lf Setler provides Tifle Camm(tment and it is
<br /> s�s delivered to Buyer less than 5 days prior to Closing Date, Buyer may extend Closing for up to 5 days after date of
<br /> s�T receipt to examine same in accordancs w�th th�s STAi�DARD A. Selle�sha11 Ftave 3(1 days{"Cure Periad"}after
<br /> a�e receipt of Buyer's notice to take reasanable diligent efforts to rernove defects. If Buyer fails to so notify Seller, Buyer
<br /> a-ra shall be deemed to have accepted title as it�then is. !f Se!!er cuces defects within Cu�e Period, Seller will deliver
<br /> seo written notice ta Buyer(vuith proof of cure acceptsbls to Ruyer and Buyer`s aftorney}and ttte parties wilt close this
<br /> set Contract on Closing Date (or if Closing Date has passed,within 10 days after Buyer's receipt of Seller's notice). If
<br /> saz Seller is unable to cure defects within Gure Period,then Buysr may,within 5 days affer expiration of Gure Period,
<br /> Buyer's Initials tr�_, Page 7 of 92 Seller's Initial��6�-.—,,,
<br /> FlorldaReattors/FlqridaBar-ASIS-5 Rev.4/17�2017 Florida Realtorsg and The FloriBa Bar. Ait rights reserved,
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<br /> 6e�WIt1:075163�800149-99d6785 ��+�I'1I7.`ilJ tt��I Ei.'1�.�1
<br /> Etectronicaliy Signed using eSignOnliner"'[Session iD :7ea347c2-5de7-416c-8fac-a966886a45f8�
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