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<br />(b) WALK-THROUGH INSPECTION/RE-INSPECTION: On the day prior to Closing Date, or on Closing Date prior
<br />to time of Closing, as specified by Buyer, Buyer or Buyer's representative may perform a walk-through (and
<br />follow-up walk-through, if necessary) inspection of the Property solely to confirm that all items of Personal
<br />Property are on the Property and to verify that Seller has maintained the Property as required by the AS IS
<br />Maintenance Requirement and has met all other contractual obligations.
<br />(c) SELLER ASSISTANCE AND COOPERATION IN CLOSE-OUT OF BUILDING PERMITS: If Buyer's inspection
<br />of the Property identifies open or needed building permits, then Seller shall promptly deliver to Buyer all plans,
<br />written documentation or other information in Seller's possession, knowledge, or control relating to
<br />improvements to the Property which are the subject of such open or needed permits, and shall promptly
<br />cooperate in good faith with Buyer's efforts to obtain estimates of repairs or other work necessary to resolve
<br />such permit issues. Seller's obligation to cooperate shall include Seller's execution of necessary authorizations,
<br />consents, or other documents necessary for Buyer to conduct inspections and have estimates of such repairs
<br />or work prepared, but in fulfilling such obligation, Seller shall not be required to expend, or become obligated to
<br />expend, any money.
<br />(d) ASSIGNMENT OF REPAIR AND TREATMENT CONTRACTS AND WARRANTIES: At Buyer's option and
<br />cost, Seller will, at Closing, assign all assignable repair, treatment and maintenance contracts and warranties
<br />to Buyer.
<br />ESCROW AGENT AND BROKER
<br />13. ESCROW AGENT: Any Closing Agent or Escrow Agent (collectively "Agent") receiving the Deposit, other funds
<br />and other items is authorized, and agrees by acceptance of them, to deposit them promptly, hold same in escrow
<br />within the State of Florida and, subject to Collection, disburse them in accordance with terms and conditions of this
<br />Contract. Failure of funds to become Collected shall not excuse Buyer's performance. When conflicting demands
<br />for the Deposit are received, or Agent has a good faith doubt as to entitlement to the Deposit, Agent may take such
<br />actions permitted by this Paragraph 13, as Agent deems advisable. If in doubt as to Agent's duties or liabilities
<br />under this Contract, Agent may, at Agent's option, continue to hold the subject matter of the escrow until the parties
<br />agree to its disbursement or until a final judgment of a court of competent jurisdiction shall determine the rights of
<br />the parties, or Agent may deposit same with the clerk of the circuit court having jurisdiction of the dispute. An
<br />attorney who represents a party and also acts as Agent may represent such party in such action. Upon notifying all
<br />parties concerned of such action, all liability on the part of Agent shall fully terminate, except to the extent of
<br />accounting for any items previously delivered out of escrow. If a licensed real estate broker, Agent will comply with
<br />provisions of Chapter 475, F.S., as amended and FREC rules to timely resolve escrow disputes through mediation,
<br />arbitration, interpleader or an escrow disbursement order.
<br />In any proceeding between Buyer and Seller wherein Agent is made a party because of acting as Agent hereunder,
<br />or in any proceeding where Agent interpleads the subject matter of the escrow, Agent shall recover reasonable
<br />attorney's fees and costs incurred, to be paid pursuant to court order out of the escrowed funds or equivalent. Agent
<br />shall not be liable to any party or person for mis-delivery of any escrowed items, unless such mis-delivery is due to
<br />Agent's willful breach of this Contract or Agent's gross negligence. This Paragraph 13 shall survive Closing or
<br />termination of this Contract.
<br />14. PROFESSIONAL ADVICE; BROKER LIABILITY: Broker advises Buyer and Seller to verify Property condition,
<br />square footage, and all other facts and representations made pursuant to this Contract and to consult appropriate
<br />professionals for legal, tax, environmental, and other specialized advice concerning matters affecting the Property
<br />and the transaction contemplated by this Contract. Broker represents to Buyer that Broker does not reside on the
<br />Property and that all representations (oral, written or otherwise) by Broker are based on Seller representations or
<br />public records. BUYER AGREES TO RELY SOLELY ON SELLER, PROFESSIONAL INSPECTORS AND
<br />GOVERNMENTAL AGENCIES FOR VERIFICATION OF PROPERTY CONDITION, SQUARE FOOTAGE AND
<br />FACTS THAT MATERIALLY AFFECT PROPERTY VALUE AND NOT ON THE REPRESENTATIONS (ORAL,
<br />WRITTEN OR OTHERWISE) OF BROKER. Buyer and Seller (individually, the "Indemnifying Party") each
<br />individually indemnifies, holds harmless, and releases Broker and Broker's officers, directors, agents and
<br />employees from all liability for loss or damage, including all costs and expenses, and reasonable attorney's fees at
<br />all levels, suffered or incurred by Broker and Broker's officers, directors, agents and employees in connection with
<br />or arising from claims, demands or causes of action instituted by Buyer or Seller based on: (i) inaccuracy of
<br />information provided by the Indemnifying Party or from public records; (ii) Indemnifying Party's misstatement(s) or
<br />failure to perform contractual obligations; (iii) Broker's performance, at Indemnifying Party's request, of any task
<br />beyond the scope of services regulated by Chapter 475, F.S., as amended, including Broker's referral,
<br />recommendation or retention of any vendor for, or on behalf of, Indemnifying Party; (iv)pr ducts or services
<br />provided by any such vendor for, or on behalf of, Indemnifying Party; and (v) expenses incurre y ny such vendor.
<br />Buyer's Initials 05„ Page 6 of 12 Seller's Ini als
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