2020-093 - Laserfiche WebLink

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2.1 Purchase Price, Effective Date. The purchase price ("Purchase Price") for the Property shall be $5,500.00 (Five Thousand Five Hundred 0.0/100 Dollars) plus $6,605.00 appraisal fee, $75.00 title search fee, and $1,950.00 engineer fees. 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 formai meeting of such Board or by the County Administrator pursuant to his delegated authority. 2.2 Costs and Fees. The County shall pay the Seller's attorney fees in the agreed amount of $3,750.00 to Holloman Law, and in an amount to be determined by an agreed third party to Neill Griffin Marquis, PLLC, pursuant to and in accordance with a separate agreement between counsel. 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"). Seller's title search indicates that a predecessor in title, Ruby Stubbs, may not have released her interest in the property; however, Seller's understanding is that any defect is cured by the Marketable Record Title Act and will convey subject to, and not be responsible, for removing any record interest of Ruby Stubbs, which matter shall be considered a permitted exception. 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 documents in the Public Records which would affect title to the Property, without the prior written consent of the County. 4.3.1 There are no existing or pending special assessments affecting the Property, which are or may be assessed by any governmental authority, water or sewer authority, school