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i way, all improvements thereon, together with all easements, rights and uses now or hereafter belonging thereto (collectively, the "Property') . Furthermore, Ms. Grice West agrees to execute a temporary construction easement running parallel to the proposed right of way fine , as shown , on W Avenue Road Plans, attached as Exhibit "DA to this agreement. This temporary construction easement shall be used for construction of the replacement horse fencing pursuant to the specifications in the attached Road Plans that shall be constructed by the County's Contractor. 2 . 1 Purchase Price, Effective Date. The purchase price ("Purchase Price") for the Property shall be $21 ,494.75 (TwentymOne Thousand Four Hundred Ninety-Four and 751100 Dollars). The County also agrees to pay Ms. Grice West $28,000 for nine (9) 35M year old Live Oak trees (to be removed in conjunction with the road construction project). Further, the County will pay to Ms. Grice West the sum of $ 15,000 in order for her to construct a driveway, gate and fencing at the northern border of her property. Please see additional conditions shown and attached as the Addendum to Contract, Exhibit "CA. The total Purchase Price shall be $64,494.75 (Sixty-Four Thousand Four Hundred Ninety-Four and 75!100 Dollars), 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. Ms. Grice West shall convey marketable title to the Property by warranty deed free of claims, liens, easements and encumbrances of record or known to Ms. Grice West; but subject to r taxes for the r of Closing and covenants, restrictions and public ! property Y� 9 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 Ms. Grice West 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 Ms. Grice West cures the defects within thirty (30) days from receipt of notice from County of title defects ("Curative Period'. Ms. Gnce West 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 Ms. Grice West, to: (i) to terminate this Agreement, whereupon shall be of no further force and effect, or (u) 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 Ms. Grice West. 4. 1 Ms. Grine West 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 dear of all liens and encumbrances. 2