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<br />7. Warranties. Seller hereby represents and warrants to Purchaser that: <br /> <br />(A) Seller has merchantable fee simple title to the Property; <br /> <br />(B) So long as this Contract is in force, Seller shall not, without <br />Purchaser's consent, execute any easements or restrictions or otherwise take or <br />permit any action which would constitute an exception under the Survey, Title <br />Commitment or Title Policy; and <br /> <br />(C) The Seller has not caused and has no knowledge of any <br />environmental or natural resource harm or damage or contamination relative to the <br />Property. <br /> <br />8. Real Estate Commissions. Each party represents and warrants to the other <br />that no real estate or other commissions or fees are due in connection with the sale <br />contemplated by this Contract. Each party indemnifies the other for any costs or liability <br />resulting from said party's contact with any broker other than as specified herein. <br /> <br />9. Attorney's Fees. Each party agrees to pay its own attorney's fees. <br /> <br />10. Closina Place and Time. The Closing shall occur at the law offices of <br />Brown, Garganese, Weiss & D'Agresta, P.A. 225 E. Robinson Street, Ste. 660, Orlando, FL <br />32801, on or before thirty (30) days from the Contract Date. The actual time and date of <br />the Closing shall be reasonably specified by Purchaser in coordination and collaboration <br />with the Seller within the time period set forth herein. Time is of the essence in the <br />performance under this contract. <br /> <br />11. Purchaser's Remedy. In the event closing fails due to technical title issues, <br />the Seller agrees to accept the Purchase Price set forth herein in any eminent domain <br />action filed by the Purchaser without asserting any right to additional compensation, fees or <br />costs, and without objection to the acquisition. <br /> <br />12. Assianment. Purchaser shall not be entitled to assign its rights; title and <br />interest in this Contract. <br /> <br />13. Closina. At Closing: <br /> <br />(A) <br />Purchaser. <br />the Deed. <br /> <br />Seller shall deliver a Statutory Warranty Deed for the Property to <br />Purchaser shall pay all transfer taxes and any other costs of recording <br /> <br />(B) Seller shall furnish such typical affidavits as shall be reasonably <br />required by the Title Company to remove from the Title Policy the standard printed <br />exceptions, such affidavits to comply with Section 1445 of the Internal Revenue <br />Code (certifying Seller is not a foreign person), and such other typical documents <br /> <br />4 <br />