5/31/2016 11:29:31 AM
9/30/2015 10:54:48 PM
Official Document Type
Agenda Item Number
County Administer Signature
Richard & Renne Grant
8865 91st. Street
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7 / 9- ° 7 <br /> ORIGINAL > > ' G� <br /> AGREEMENT TO PURCHASE AND SELL REAL ESTATE <br /> THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made <br /> and entered into as of the L day of QrA114 200_7, by and between Indian River <br /> County, a political subdivision of theAtate #6f Florida (" County") , and Richard & Renee Grant <br /> (" Seller") , who agree as follows : <br /> 1 . Agreement to Purchase and Sell The Seller hereby agrees to sell to the County, and the <br /> County hereby agrees to purchase from Seller, upon the terms and conditions set forth in this <br /> Agreement , that certain parcel of real property located at _ 8865 91St Court, Vero Beach FL <br /> 32967 _, County of Indian River, State of Florida and more specifically described on Exhibit "A" <br /> attached hereto and incorporated by this reference containing approximately 2 . 104 square feet , <br /> and all improvements thereon , together with all easements , rights and uses now or hereafter <br /> belonging thereto (collectively, the " Property') . <br /> 2 . Purchase Price , Effective Date The purchase price (the " Purchase Price") for the <br /> Property shall be thirty thousand and 00/100 Dollars ($30 , 000 . 00 ) . The Purchase Price <br /> shall be paid on the Closing Date . The Effective Date of this Agreement shall be the date upon <br /> which the County shall have approved the execution of this Agreement, either by approval by the <br /> Indian River County Board of County Commissioners at a formal meeting of such Board or by <br /> the County Administrator pursuant to his delegated authority. <br /> 3 . Title . Seller shall convey marketable title to the Property by warranty deed free of claims , <br /> liens , easements and encumbrances of record or known to Seller; but subject to property taxes <br /> for the year of Closing and covenants , restrictions and public utility easements of record provided <br /> (a) there exists at Closing no violation of any of the foregoing ; and (b) none of the foregoing <br /> prevents County's intended use and development of the Property (" Permitted Exceptions") . <br /> 3 . 1 County may order an Ownership and Encumbrance Report or Title Insurance <br /> Commitment with respect to the Property. County shall within fifteen ( 15) days following the <br /> Effective Date of this Agreement deliver written notice to Seller of title defects . Title shall be <br /> deemed acceptable to County if (a ) County fails to deliver notice of defects within the time <br /> specified , or (b) County delivers notice and Seller cures the defects within thirty (30 ) days from <br /> receipt of notice from County of title defects ("Curative Period ") . Seller shall use best efforts to <br /> cure the defects within the Curative Period and if the title defects are not cured within the <br /> Curative Period , County shall have thirty ( 30) days from the end of the Curative Period to elect , <br /> by written notice to Seller, to : ( i) to terminate this Agreement , whereupon shall be of no further <br /> force and effect , or (ii) extend the Curative Period for up to an additional 90 days ; or (iii ) accept <br /> title subject to existing defects and proceed to closing . <br /> 4 . Representations of the Seller. <br /> 4 . 1 Seller is indefeasibly seized of marketable , fee simple title to the Property , and is the sole <br /> owner of and has good right, title , and authority to convey and transfer the Property which is the <br /> subject matter of this Agreement , free and clear of all liens and encumbrances . <br /> 1 <br />
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