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Z�a consents, or other documents necessary for Buyer to conduct inspections and have estimates Qf such repairs
<br /> z�s orwork prepared, but in ful�lling such obligation, Seller shafl not be requirsd to expand, or become obligated to
<br /> z�s expend, any money.
<br /> 2n (d) ASSIGNMENT OF REPAIR AND TREATMENT CONTRACTS AND WARRANTIES: At Buyers option and
<br /> z�a cost, Seller will, at Closing, assign alf assignable repair,treatment and maintenance contracts and warranties
<br /> z�s to Buyer.
<br /> 280 ESCROW AGENT AND BROKER
<br /> zs� 13. ESCROW AGENT: Any Closing Agent or Escrow Agent {callectively°Agent°) receiving #he Deposit, o#her funds
<br /> sas and other items is author"�zed, and agrees by acceptance of them, to deposit them promptly, hold same in escrow
<br /> ze3 within the State of Florida and, subject to COLLECTION, disburse them in accordance with terms and conditions
<br /> zea of this Contract, Failure of funds to become COLLECTED shall not excuse Buyer's performance.When conflicting
<br /> zas demands for the Deposit are received, or Agent has a good faith doubt as to entitlement to the Depasit,Agent may
<br /> zes take such actions permitted by this Paragraph 13, as Agent deems advisable. If in doubt as to Agent's duties or
<br /> ze� liabilities under this Contract, Agent may, at Agent's option, con#inue to hofd the subject matter of the escrow until
<br /> zee the parties agree#o its disbursement or until a final judgment of a court of competent jurisdiction shall determine
<br /> zas the rights of the parties, or Agent may deposit same with the clerk of the circuit court having jurisdiction of the
<br /> zso dispute,An attomey who represents a party and also acts as Agent may represent such party in such action. Upon
<br /> ze� notifying all parties concerned of such action, all liability on the parE of Agent shall fully terminate, except to the
<br /> zss extent of accounting for any items previously delivered out of escrow. lf a licensed reaf estate broker,Agent will
<br /> zea complywith provisions of Chapter 475,F.S.,as amended and FREC rules to timely resolve escrow disputes through
<br /> Zsa mediation,arbitration, interpleader or an escrow disbursement order.
<br /> zas In any proceeding between Buyer and Seller wherein Agent is made a party because of ac#ing as Agent hereunder,
<br /> ass or in any proceeding where Agent interpleads the subject matter of the escrow, Agent shall recover reasonable
<br /> zs� attorney's fees and cosfs incurred,to be paid pursuant to court order out o#the escrowed funds or equivalent.Agent
<br /> zse shall not be liable to any party or person for mis-delivery of any escrowed items, unless such mis-delivery is due to
<br /> sse Agent's willful breach of this Contract or Agent's gross negligence. This Paragraph 'I3 shall survive Closing or
<br /> soo termination of this Contract.
<br /> so� 14. PROFESSIONAL ADVICE; BROKER LIABILlTY: BroEcer advises 8uyer and Seller to verify Property condition,
<br /> soz square footage, and all other facts and representations made pursuant to this Contract and to consult appropriate
<br /> sos professionals for legal,tax, environmental,and other specialized advice concerning matters affecting the Property
<br /> aoa and the transaction contemplated by this Contract. Broker represents fo Buyer that Broker does not reside on the
<br /> sas Property and that al! representations {oral, written or otherwise) by Broker are based on Seller reprasentations or
<br /> sos public records. BUYER AGREES TO RELY SOLELY ON SELLER, PROFESSIONAL IfVSPECTORS AND
<br /> ao� GOVERNMENTAL AGENCIES FOR VERIFICATION OF PROPERTY CONDITION, SQUARE FOOTAGE AND
<br /> soa FACTS THAT IVIATERIALLY AFFECT PROPERTY VAL,UE AND NOT ON THE REPRESEAITATIONS (ORAL,
<br /> aos WRITTEf� OR OTHERWISE) OF BROKER. Buyer and Seller (individually, the °Indemnifying Party") each
<br /> a�o individually indemnifies, holds harmless, and releases Broker and Broker's o�cers, directors, agents and
<br /> 311 employees from all liability for loss or damage, including all costs and expenses,and reasonable attorney's fees at
<br /> a�z all levels, suffered or incurred by Broker and Broker's officers, directors,agenfs and empfoyees in connection with
<br /> 313 or arising from claims, demands or causes of action instituted by Buyer or Selfer based on: (i) inaccuracy of
<br /> s�a information provided by the Indemnifying Party or from public records; (ii}lndemnifying Party's misstatement{s)or
<br /> 315 failure to pertorm contractual obligations; {iii) Broker's perFormance, at Indemnifying Party's request, o#any task
<br /> s�s beyond the scope of services regulated by Chapter 475, F.S., as amended, including Broker's referraf,
<br /> 317 recommendation or retention of any vendar for, or on behalf of, Indemnifying Party; (iv) products or services
<br /> s�a provided by any such vendor for,or on behalf of,(ndemnifying Party;and(v)expenses incurred by any such vendor.
<br /> s�s Buyer and Seller each assumes fulf responsibility for selecting and compensating their respective vendors and
<br /> szo paying their other costs under this Contract whether or not this transaction closes.This Paragraph 14 will not relieve
<br /> a2� Broker of statutory obligations under Chapter 475, F.S., as amended. For purposes of this Paragraph 94, Broker
<br /> a� will be treated as a party to this Contract.This Paragraph 14 shall survive Closing or termination of this Contract.
<br /> 323 DEFAULT AND DISPUTE RESOI.UTION
<br /> asa 15. DEFAULT:
<br /> azs (a) BUYER DEFAULT: If Buyer fails, negiects or refuses to pertorm Buyer's obligations under this Contract,
<br /> azs including payment of the�eposit,within the time(s)specified,Seller may elect to recover and retain#he DeposiE
<br /> sz� for the account of Seller as agreed upon liquidated damages, consideration for execution of this Contract, and
<br /> szs in full settlement of any claims,whereupon Buyer and Seller shall be rel9eved from a!I further obligations under
<br /> � �
<br /> Buyer's Initlals Page 6 of 12 Sellers In'�als�
<br /> - FforidaReaftorslFlori ar-ASISu� Rev.4/17 C�2077 Florida Realfors�l and The Florida Bar. All rights reserved.
<br /> This eoEtaare ia 1lceaee8 eo [Relli Ryman - SINaBAM RBALTY, INC.] wvtw.Cransaction8eek.com. �n5f(7�BI'FORMS
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