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it AGREEMENT TO PURCHASE AND SELL REAL ESTATE THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of %V6,, --7n. , 2015, by and between Indian River County, ("County"), a political subdivision of the State of,Florida, whose address is 1801 27th Street, Vero Beach, FL 32960; and A d v ion t ctz i Ci1� , (buyer's nam/214 1,4)&5 5P4 VX20 � Q__,7‘ (buyer's address) (city) (state) (zip) ("Buyers"), who agree as follows: 1. Agreement to Purchase and Sell. The County hereby agrees to sell to th'e Buyers, and the Buyers hereby agrees to purchase from County, upon the terms and conditions set forth in this Agreement, that certain parcel of real property located at 5940 26I' Street Vero Beach, FL 32966 and more specifically described on Exhibit "A" attached hereto and incorporated by reference, containing approximately 0.60 acres, and all improvements thereon, together with all easements, rights and uses now or hereafter belonging thereto (collectively, the "Property"). 2. Purchase Price Effective Date. The purchase price (the "Purchase Price") for the 00/00 Dollars Property shall be v s -'-� (written urcHase price) ($ (15, OoD .00). The B yer has paid and the County ackn•wle•ges receipt of a 10% deposit in the amount ofSv v.•' oilers (10% deposit amount) ($ (1,54 D, 45-0 ) that is currently being held in escrow by the County (Escrowed Funds). The balance of the Purchase Price shall be paid on the Closing Date. The Effective Date of this Agreement shall be the date upon which the County approves 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. County shall convey marketable title to the Property by County Deed free of claims, liens, easements and encumbrances of record or known to County; 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 Buyer's intended use and development of the Property ("Permitted Exceptions"). 4 Representations of the County. 4.1 County 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. -I-