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<br />Agreement, whereupon Seller and Buyer shall be released of all further responsibility and <br />obligations hereunder other than those that expressly survive termination of this Agreement; or <br />(2) proceed to close this transaction. Seller hereby agrees to furnish Buyer with written notice of <br />a proposed condemnation within five (5) business days after Seller's receipt of notification. <br />Should buyer tenninate this Agreement, the parties hereto shall be released from their respective <br />obligations and liability hereunder other than those that expressly survive termination of this <br />Agreement and Buyer shall receive a return of the Escrow Funds provided that Buyer had timely <br />exercised the Option in the manner required under this Agreement. Should Buyer elect not to <br />terminate this Agreement, the pariies hereto shall proceed to Closing and Seller shall assign all of <br />its rights, title and interest in all awards in connection with such taking to Buyer. <br /> <br />18. Notice. Notices shall be in writing delivered by hand, or by certified mail, return <br />receipt requested, or overnight delivery by nationally recognized service, to the addressee at the <br />address set forth herein, and shall be deemed to have been delivered on the date of receipt of <br />such notice, if hand-delivered, or, if mailed, on the date the receipt for which the certified mail is <br />signed or refused, by the addressee or its unauthorized agent or employee, or if an overnight <br />nationally recognized delivery service, on the business day immediately following delivery to <br />such delivery service;. Either party may change the address for notice to that pariy by delivering <br />written notice of such change in the manner provided above, such change to be effective not <br />sooner than ten (10) days after the date of notice of change. If either party relies upon a hand <br />delivery as described herein, then the pariy using this median shall maintain an appropriate <br />receipt of delivery, in the normal course of business. <br /> <br />BUYER: <br /> <br />The City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />Attn: John Szerlag, City Manager and <br />Hans Ottinot, City Attorney <br /> <br />With a copy to: Harold M. Rifas, P.A. <br />7900 Red Road <br />South Miami, FI 33 I 43 <br />SELLER: Crescent Heights, XLIV, Inc. <br />2930 Biscayne Boulevard <br />Miami, Florida 33 137 <br /> <br />Attn: Russell W. Galbut and <br />Sharon Christenbury <br /> <br />With a copy to: Fidelity National Title Insurance Company <br />850 Trafalgar Court, Ste 150 <br />Maitland, Florida 32751 <br /> <br />Attn: Matt Frasure <br /> <br />Crescent Heights XLIV, Inc. #2 <br /> <br />14 <br /> <br />SIB <br />