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Y Original forth in this Agreement that certain parcel of real property located on the north side of 12th Street approximately 370 feet west of the 66th Avenue intersection , Vero Beach , Florida and more specifically described in the sketch and legal description attached as Exhibit "A", fee simple , containing approximately 0 . 91 acre , all improvements thereon , togetherwith all easements , rights and uses now or hereafter belonging thereto (collectively , the " Property") . Also , the purchase will include a 10 feet temporary construction easement, containing 4 , 960 . 2 square feet , running parallel with the proposed right-of--way, as described in Exhibit "A" . The County will also agree to purchase for $27 ,408 , personal property consisting of a 20 feet by 30 feet, free-standing tool shed with metal walls and gable roof, located at 1355 66th Avenue , between 12th Street and Atlantic Avenue . The Beatty's will grant the County a 404eet wide by 604eet long , temporary construction easement for the purposes of demolishing the tool shed . It will be the responsibility of the Beatty's to move the contents of the shed to another location upon notice from the County. 2 . 1 Purchase Price , Effective Date . The purchase price (" Purchase Price") for the Property shall be $ 55 , 655 . 60 (Fifty- Five Thousand Six Hundred Fifty- Five and 60/100 Dollars) plus $27 ,408 for the tool shed totaling $83 , 063 . 60 . 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 . Seller shall convey marketable title to the Property by warranty deed free of claims , liens , easements and encumbrances of record or known to Seller; but subject to property taxes for the year of Closing and covenants , restrictions and public utility easements of record provided (a) there exists at Closing no violation of any of the foregoing ; and (b) none of the foregoing prevents County's intended use and development of the Property (" Permitted Exceptions") . 3 . 1 County may order an Ownership and Encumbrance Report or Title Insurance Commitment with respect to the Property. County shall within fifteen ( 15) days following the Effective Date of this Agreement deliver written notice to Seller of title defects . Title shall be deemed acceptable to County if (a) County fails to deliver notice of defects within the time specified , or (b) County delivers notice and Seller cures the defects within thirty (30) days from receipt of notice from County of title defects ("Curative Period ") . Seller shall use best efforts to cure the defects within the Curative Period and if the title defects are not cured within the Curative Period , County shall have thirty (30) days from the end of the Curative Period to elect, by written notice to Seller, to : (i) to terminate this Agreement , whereupon shall be of no further force and effect, or (ii) extend the Curative Period for up to an additional 90 days ; or (iii) accept title subject to existing defects and proceed to closing . 4 . Representations of the Seller. 4 . 1 Seller is indefeasibly seized of marketable , fee simple title to the Property, and is the sole owner of and has good right, title , and authority to convey and transfer the Property which is the subject matter of this Agreement, free and clear of all liens and encumbrances . 2 r_