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a River County and more specifically described in Exhibit " B " attached and incorporated by reference herein . Parcel 126 contains 2 , 995 square feet or 0 . 069 acres and shall be used as right-of-way for the County' s 66th Avenue Improvement Project . Associates further agrees to grant to the County a temporary , non -exclusive construction easement for the duration of the improvement project over Parcel 326 as described and depicted in Exhibit " C " attached hereto containing approximately 2 , 673 square _ feet or 0 . 006 acres located adjacent to the entrance to Vista Plantation off of 66th Avenue . Parcels 126 and 326 shall collectively be referred to as " Property" . 2 . Purchase Price ; Effective Date . The purchase price (the " Purchase Price ") for the Property shall be ONE HUNDRED TEN THOUSAND dollars ($ 110 , 000 . 00 ) . The Purchase Price shall be paid on the Closing Date . The Purchase Price is inclusive of all damages incurred by Associates as a result of the County' s proposed take of Parcels 126 and 326 . The Effective Date of this Agreement shall be the date upon which the County shall have approved the execution of this Agreement , by the Indian River County Board of County Commissioners at a formal meeting of such Board . V►� 3 . Title to Parcel 126 . Associates shall convey marketable title to Parcel 126 by 0v1 property taxes for the year of Closing and subject t covenants , restrictions and public utility easements of record provided (a ) there exists t W WfiFFaMy deed fFee ef elaims , liens , easements and eneuffibfflnees ef FeeeFd eF k190 X Closing no violation of any of the foregoing ; and ( b) none of the foregoing prevents County' s intended use and development of Parcel 126 . 3 . 1 Title to Parcel 326 . Associates shall convey a temporary non -exclusive construction easement over Parcel 326 for the duration of the County' s 66th Avenue improvement project #ee of elaims , liens , :and QMrl of racord or kMOIAOR to Asseakateop, but subject to covenants , restrictions a public utility easements of record provided (a) there exists at Closing no violatn of any of the foregoing ; and ( b ) none of the foregoing prevents County's inten ed use and development of Parcel 326 . 4 . 0 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 , deliver written notice to Associates of title defects . Title shall be deemed acceptable to County if (a ) County fails to deliver notice of defects within the time specified , AQ L A QUORt Will Assogiates hS FQ9W ! Fed to spend M9Fe than thFee ( 39/6 ) peFe. 121 = h = Q Prean or twin r. , lot to u 1re titita defoGts , but Assinciaterm. sh2l ' i lize hast 4^ 14 t& County shall have thirty ( 30 ) days from the end of the Curative Period to elect , by written notice to Associates , to : ( i ) terminate this Agreement , whereupon it shall be of no further force and effect, or ( ii ) extend the Curative Period up to an additional 90 days ; or ( iii ) accept title subject to existing defects and proce to 2