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Original Florida and more specifically described in the legal description attached as Exhibit "A", and Exhibit "B", fee simple, all improvements thereon, together with all easements, rights and uses now or hereafter belonging thereto (collectively, the "Property"). 2.1 Purchase Price, Effective Date. The purchase price ("Purchase Price") for the Property shown as EXHIBIT "A" shall be $43,500 (Forty -Three Thousand Five Hundred Dollars) and the Property shown as EXHIBIT "B" shall be $4 per square foot (6,192 s.f.) equaling $24,798 (Twenty -Four Thousand Seven Hundred Ninety -Eight Dollars). The combined purchase price of EXHIBIT "A" and EXHIBIT "B" shall be $68,268 (Sixty -Eight Thousand Two Hundred Sixty -Eight Dollars). 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. Indian River County Board of County Commissioners/County Administrator, which ever applies, authorizes County staff to sell the remainder parcel, after the right-of-way is extracted, by sealed bids or public auction. (Full parcel purchases) 2.2 As -is condition. The County acknowledges that the Property being purchased in AS -IS condition. Seller makes no representation, and expressly disclaims any warranty, as to the condition of the Property or the improvements thereon. Sheller shall not be liable for defects of any kind, nor shall Seller be responsible for any repairs. 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 record no 2