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to a grand total of $2,500.00 (Two Thousand and Five Hundred, 00/100 Dollars). This <br />amount is reasonable attorney's fees which are to be paid by the County. <br />3. Title. Seller shall convey marketable title to the Property by warranty deed free of <br />claims, liens, easements and encumbrances of record or known to Seller; but subject to <br />property taxes for the year of Closing and covenants, restrictions and public utility <br />easements of record provided (a) there exists at Closing no violation of any of the <br />foregoing; and (b) none of the foregoing prevents County's intended use and development <br />of the Property ("Permitted Exceptions"). <br />3.1 County may order an Ownership and Encumbrance Report or Title Insurance <br />Commitment with respect to the Property. County shall within fifteen (15) days following <br />the Effective Date of this Agreement deliver written notice to Seller of title defects. Should <br />title defects exist within the time specified the County and Seller may reconvene to discuss <br />the defects in title, and resolution shall be memorialized in writing and shall be deemed an <br />amendment of this Agreement signed by both parties. Should these discussions not result <br />in a resolution within fifteen (15) days from the date of notice to the Seller the County may <br />agree to accept title subject to existing defects and proceed to closing. Should the <br />discussions not result in a resolution within fifteen (15) days from the date of notice to the <br />Seller and the County does not agree to accept title subject to existing defects the Seller or <br />the County may by written notice to the other party terminate this. Agreement, whereupon <br />shall be of no further force and effect. Upon agreement of both parties the Curative Period <br />may be extended for up to an additional 90 days. <br />4. Representations of the Seller. <br />4.1 Seller represents to the parties to have marketable, fee simple title to the Property, <br />and is the sole owner of and has good right, title, and authority to convey and transfer the <br />Property which is the subject matter of this Agreement, free and clear of all liens and <br />encumbrances. <br />4.2 From and after the Effective Date of this Agreement, Seller shall take no action <br />which would impair or otherwise affect title to any portion of the Property, and shall record <br />no documents in the Public Records which would affect title to the Property, without the <br />prior written consent of the County. <br />4.3.1 There are no existing or pending special assessments affecting the Property, which <br />are or may be assessed by any governmental authority, water or sewer authority, school <br />district, drainage district or any other special taxing district. <br />5. Default. <br />5.1 In the event the County shall fail to perform any of its obligations hereunder, the <br />Seller shall, at its sole option, be entitled to: (i) terminate this Agreement by written notice <br />delivered to the County at or prior to the Closing Date and thereupon neither the Seller nor <br />any other person or party shall have any claim for specific performance, damages, or <br />otherwise against the County; or (ii) waive the County's default and proceed to Closing. <br />2 <br />