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Original agree to sell to the County, and the County herebyagreesto purchase from Sellers, upon the terms and conditions, set forth in this Agreement that certain parcel of real property located:east of the cane -1'0f 66th Avenue and 9th Street -SW, Vero Beach, Florida and more specifically described :in the sketch and legal description attached as Exhibit U -A", fee simple, containing approximately 55,508 square feet, all improvements thereon, together with all easements, rights and uses now or hereafter belonging thereto (the "ROW Ptopertyls). 3. Purchase Price, EffectiveDate. The purchase price ("Purchase Price") for the ROW Property Shall be $38,300.52 (Thirty -Eight Thousand Three Hundred and 52/100 Dollars), The Purchase Price shall be paid on the Closing Date. The EffebtiVe 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 ata formal meeting of such Board or by the County Administrator pursuant •to his delegated authority. 4. Title. Sellers shall convey Marketable -title to the PrOpertyby warranty deed free of claims, liens, ease -Monts -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 ("Pettnitted Exceptions"). 4:1 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 Sellers 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 Sellers cure the defects within thirty (30) days from receipt of notice from County of title defects ("Curative Period"). Sellers shall use Its 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 Otte Curative Period to eleCt,by wntten notice to Seller; to; (i) to terminate this Agreefrierit, Whereupon shall be of no further force and effect, or (ii) extend the Curative Period for Up to an additional 90 day's; Or (111) accept title: subjectto existing defects and proceed :to closing, 5. Representations of the Sellers: 5.1 Sellersare 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, Sellers shall take no action whiCh would impair- or otherwise affecttitle to any.pOrtion ofthe Property, and shall record 2. 21