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created in conjunction with such restrictions; (b) zoning ordinances, if any, and (c) taxes and <br />assessments, both general and special, for the current half of the taxable year and thereafter. <br />ITEM ELEVEN: No Escrow <br />No escrow shali be established for the closing of this transaction. Seller sha11 pay all costs <br />associated with the transaction. Except as set forth herein, all documents and funds necessary for <br />the completion of this Agreement shail be exchanged by and between the parties at the signing of <br />this Agreement. Possession shall be given to Purchaser upon title transfer. <br />ITEM TWELVE: No Prorations, Etc. <br />General taxes, special assessments that are a Iien, and annual maintenance charges, <br />municipal and county, if any, shall not be prorated. <br />ITEM THIRTEEN: Binding Agreement <br />This Agreement shall be binding upon and inure to the benefit of Seller and Purchaser, <br />and their respective heirs, executors, administrators and assigns. This Agreement contains all of <br />the terms and conditions of this transaction upon which Seller and Purchaser have agreed. <br />Purchaser represents and states that it has read this Agreement and fuily understand its <br />entire contents; that it has inspected the subject real property to its complete satisfaction and is <br />entering into this Agreement having full knowledge of the complete physical condition of said <br />property; and that Seller has made no written or oral representations to it about the physical <br />condition of the property, other than as expressly stated in this Agreement. Both parties waive <br />the requirement of the presentment of a Real Property Disclosure Statement. <br />ITEM FOURTEEN: Failure to Perform <br />Seller and Purchaser agree that, should either fail to perform their obligations under this <br />Agreement, either shall be entitled to pursue any remedy available to them at law or in equity. <br />5