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Reso 2006-1010
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Reso 2006-1010
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Last modified
7/29/2024 5:06:45 PM
Creation date
1/9/2007 11:17:06 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2006-1010
Date (mm/dd/yyyy)
11/16/2006
Description
Option Agmt w. Joseph Mazacco Irrevocable FL Trust, Purchase 500 Sunny Isles
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<br />17 Hanover Road, Suite 230 <br />Florham Park, New Jersey 07932 <br /> <br />With a copy to: Chicago Title Insurance Company <br />2701 Gateway Drive <br />Pompano Beach, Florida 33069 <br />Attn: Artie Montaner <br /> <br />19. Miscellaneous. <br /> <br />19.1 Counterparts. This Agreement may be executed in any number of <br />counterparts, anyone and all of which shall constitute the contract of the parties. The paragraph <br />headings herein contained are for the purposes of identification only and shall not be considered <br />in construing this Agreement. <br /> <br />19.2 Amendment. No modification, amendment or waiver of this Agreement <br />or any provision hereof (including, without limitation, this sentence) shall be of any force or <br />effect unless in writing executed by both Seller and Buyer. <br /> <br />19.3 Attorney's Fees. In connection with any action ansmg from or in <br />connection with this Agreement, the prevailing party shall be entitled to an award of its costs and <br />expenses, including reasonable attorneys' fees and disbursements, incurred or paid before and at <br />trial or any other proceeding which may be instituted, at any tribunal level. <br /> <br />19.4 Governing Law. This Agreement shaH be interpreted in accordance with <br />the laws of the State of Florida, both substantive and remedial. <br /> <br />19.5 Entire Agreement. This Agreement sets forth the entire agreement <br />between Seller and Buyer relating to the Property and all subject matter herein and supersedes all <br />prior and contemporaneous negotiations, understandings and agreements, written or oral, <br />between the pa11ies. <br /> <br />19.6 Computation of Dates. If any date computed in the manner herein set <br />forth falls on a legal holiday or non-business day or non-banking day, then such date shall be <br />extended to the first business day following said legal holiday or non-business day or non- <br />banking day. <br /> <br />19.7 Time is of the Essence. Time is of the essence and failure of the Buyer to <br />exercise the option granted hereby on or before the Option Expiration Date shall cause this <br />Agreement to terminate and be of no further force or effect, except for those provisions that are <br />expressly stated to survive termination of this Agreement.. The provisions herein contained shall <br />be strictly construed for the reason that both parties intend that all time periods provided for in <br />this Agreement shall be strictly adhered to. <br /> <br />Mazacco - Option Agreement <br /> <br />14 <br /> <br />SIB <br />
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