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agreement of the parties with respect to the subject matter of this Agreement. Accordingly, any <br />prior agreements or understandings are hereby superseded. <br />Section 13. Modification or Amendment. No modification of this Agreement, the <br />Note or any Exhibit hereto will be effective unless in writing, executed with the same formalities <br />as this Agreement is executed. <br />Section 14. Binding Effect. This Agreement inures to the benefit of and is binding upon <br />the respective parties' successors and assigns. <br />Section 15. Assignment. Neither party hereto shall assign this Agreement or any <br />reciprocal financial obligations hereunder or in the Note without the express written permission <br />of the other party. The foregoing notwithstanding, COUNTY may indorse or assign the Note to <br />any third party in accordance with Chapter 673, Part II, Florida Statutes (2014), regarding <br />negotiable instruments. <br />Section 16. Conflict Resolution. If COUNTY and CITY disagree on an application or <br />an interpretation of a portion of this Agreement, the disagreement will be settled in accordance <br />with the "Interlocal Agreement on Mediation and Intergovernmental Cooperation" dated January <br />24, 1995, or any successor thereto to which both COUNTY and CITY are parties. <br />Section 17. Recordation. COUNTY shall record this Agreement and the fully executed <br />Promissory Note with the Seminole County Clerk of the Court upon execution of the parties. <br />Upon return from recordation, COUNTY shall deliver certified, recorded copies of each <br />instrument to CITY. <br />Section 18. Severability. If any provision of this Agreement or the application thereof <br />to any person or circumstance is held invalid, it is the intent of the parties that the invalidity will <br />not affect other provisions or applications of this Agreement which can be given effect without <br />Interlocal Agreement Between Seminole County / City of Casselberry <br />Oxford Road Redevelopment Funding <br />Page 9 of 11 <br />