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•et Original agree to sell to the County, and the County hereby agrees -to purchase from Sellers, upon the terms and conditions set forth. in this Agreement that certain .parcel of real property located:past of the corner of 66th Avenue and 9th Street SW, Vero Beach, Florida and more specifically described in the sketch and legal description attached as Exhibit "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 Property"). 3. Purchase Price, Effective Date. 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 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. 4. Title. Sellers shall convey Marketable title to the Propertyby 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 Vidation of any of the foregoing; and (b) none Of the fdregoing prevents County's intended use and development of the Property ("Perrnitted 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 Iits 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 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 'forUp to an additional 90 days; or (iii) accept title_ subject -to eXisting defects and proceed to closing. 5; Representations of the Sellers: 5.1 Sellers:are indefeasibly seized -ofmarketable, feesimpletitleto 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 Agreernent free and clear of all liens and encurnbrances. 4.2 From and after the Effective Date of this Agreement, Sellers shall take no action which would impair or otherwise affecttitle tb any portion ofthe Property, and shall record 2