Laserfiche WebLink
MGM <br /> AGREEMENT TO PURCHASE AND SELL REAL ESTATE 400 6 � 3ay <br /> THIS AGREEMENT30 PURCHASE AND SELL REAL ESTATE ( "Agreement") is made <br /> and entered into as of the _day of September, 2006 , by and between Indian River County, a <br /> political subdivision of the State of Florida ("County"), and Woody Family Holding , Inc. ("Seller") , <br /> 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 8866 915` Court , Vero Beach , 32967 , <br /> County of Indian River, State of Florida and more specifically described on Exhibit "A" attached <br /> hereto and incorporated by this reference containing approximately 13 , 068 square feet , and all <br /> improvements thereon , together with all easements , rights and uses now or hereafter belonging <br /> thereto (collectively, the "Property"). <br /> 2 . Purchase Price , Effective Date . The purchase price (the " Purchase Price" ) for the <br /> Property shall be seventy-five thousand dollars and 00/ 100 Dollars ($ 75 ,000 . 00) . The Purchase <br /> Price shall be paid on the Closing Date . The Effective Date of this Agreement shall be the date <br /> upon which the County shall have approved the execution of this Agreement , either by approval <br /> by the Indian River County Board of County Commissioners at a formal meeting of such Board <br /> or by 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 />