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2 -z , � Z Parcel ID # 20-31 -38-00000-7000-00004 .0 ORIGH as o8 UAL AGREEMENT TO PURCHASE AND SELL REAL ESTATE THIS AGREEMENT PURCH SE SELL REAL ESTATE ("Agreement ') is made and entered into as of the me ay of j PR I L , 2008 by and between Indian River County, a political subdivision of the State of Florida ("County"), and Yoko Osawa and Yuko Matsuda, each with an undivided `/z interest, ("Seller"), who agree as follows : 1 . Agreement to Purchase and Sell. The Sellers hereby agree to sell to the County, and the County hereby agrees to purchase from Sellers, upon the terms and conditions set forth in this Agreement, that certain parcel known as "A portion of the Southeast quarter of the Northwest quarter of the Southeast quarter of Section 20, Township 31 South, Range 38 East' located on County Road 512 , Vero Beach, County of Indian River, State of Florida and more specifically described in Exhibit "A," containing approximately 8,489 . 58 square feet or 0 . 19 acres, zoned CG, General Commercial with a land use of C/I, Commercial/Industrial and all improvements thereon, together with all easements, rights and uses now or hereafter belonging thereto (collectively, the "Property) . 2 . Purchase Price, Effective Date. The purchase price, ("the Purchase Price") for the Property shall be One Hundred Forty-Four Thousand One Hundred Fifty and 00/ 100 Dollars ($ 144, 150.00) . The Purchase Price shall be paid on the Closing Date. The Effective Date of this Agreement shall be the date upon which the County shall have approved the execution of this Agreement, either by approval by the Indian River County Board of County Commissioners at a formal meeting of such Board or by the County Administrator pursuant to his delegated authority. 3 . Title. Sellers shall convey title to the Property by deed subject to property taxes for 2008 . 3 . 1 County may order an Ownership and Encumbrance Report with respect to the Property. County shall, within thirty (30) days from receipt of the Ownership and Encumbrance Report, elect, by written notice to Sellers, to : (i) to terminate this Agreement, whereupon this Agreement shall be of no further force and effect, or (ii) accept title subject to any existing defects and proceed to closing. 4 . Representations of the Sellers. 4. 1 Sellers are indefeasibly seized of marketable, fee simple title to the Property, and are the sole owners of and have good right, title and authority to convey and transfer the Property which is the subject matter of this Agreement. 4.2 From and after the Effective Date of this Agreement, Sellers shall take no action which would impair or otherwise affect title to the portion of the Property, and shall record no documents in the Public Records which would affect title to the Property, without the prior written consent of the County. 4 . 3 There are no existing or pending special assessments known to Sellers affecting the Property, which are or may be assessed by any governmental authority, water or sewer authority, school district, drainage district or any other special taxing district. 1