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attached as Exhibit "A" , containing approximately 12 , 228 sq . ft . , and all improvements thereon , together with all easements, rights and uses now or hereafter belonging thereto (collectively, the " Property") . Cornerstone Christian Church of Vero Beach , Inc . agrees to dedicate without compensation 30' x 305 . 69' , containing 9 , 170 . 7 square feet, along the southern boundary of the parcel adjacent to 12th Street specifically described in the legal description attached as Exhibit ' B " . Cornerstone Christian Church also agrees to execute a temporary construction easement, provided by the County, running along the north line of . the proposed right of way taking to be used for the purpose of tying grades into the construction project. 2 . 1 Purchase Price , Effective Date. The purchase price (" Purchase Price") for the Property shall be $ 14 , 062 . 20 (Fourteen Thousand Sixty-Two Dollars and 20/00) . 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 . 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 . 4 . 2 From and after the Effective Date of this Agreement , Seller shall take no action which would impair or otherwise affect title to any portion of the Property , and shall 2