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ALL R <br /> '" <br /> I" AL <br /> AGREEMENT TO PURCHASE AND SELL REAL ESTATE a � � <br /> THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made <br /> and entered into as of the I day of Jun"' , 2008 , by and between Indian River County, a <br /> political subdivision of the State of Florida ("County") , and Corporation of the Presiding Bishop <br /> of The Church of Jesus Christ of Latter-day Saints , a Utah corporation sole . ("Seller") , who <br /> agrees as follows : <br /> 1 . Agreement to Purchase and Sell and Grant. The Seller hereby agrees to sell to the County, <br /> and the County hereby agrees to purchase from Seller, upon the terms and conditions set forth <br /> in this Agreement. That certain parcel of real property located at 3866 12th Street, Vero <br /> Beach, County of Indian River, State of Florida and more specifically described in Exhibit <br /> "A, " containing approximately 19 , 603 . 28 square feet or . 45 acres . The property is zoned CH , <br /> retail and all improvements thereon, together with all easements , rights and uses now or <br /> hereafter belonging thereto . <br /> 2 . Purchase Price , Effective Date . The purchase price (the "Purchase Price") for the Property <br /> shall be Seventy-Eight Thousand Four Hundred Twelve and 00/ 100 Dollars ($2&4L2.. 00) , <br /> , <br /> $4 . 00 per square foot . The Purchase Price shall be paid on the Closing Date . The Effective <br /> Date of this Agreement shall be the date upon which the County shall have approved the <br /> execution of this Agreement, either by approval by the Indian River County Board of County <br /> Commissioners at a formal meeting of such Board or by the County Administrator pursuant <br /> to his delegated authority. <br /> 3 . Title . Seller shall convey marketable title to the Property by quitclaim deed. <br /> 3 . 1 County may order an Ownership and Encumbrance Report with respect to the Property. <br /> County shall , within thirty (30) days from receipt of the Ownership and Encumbrance <br /> Report, deliver written notice to Seller of title defects . Title shall be deemed acceptable <br /> to County if (a) County fails to deliver notice of defects within the time specified, or (b) <br /> County delivers notice and Seller cures the defects within thirty ( 30) days from receipt of <br /> notice from County of title defects ("Curative Period") . Seller shall use best efforts to <br /> cure the defects within the Curative Period and if the title defects are not cured within the <br /> Curative Period, County shall have thirty (30) days from the end of the Curative Period to <br /> elect, by written notice to Seller, to : (i) to terminate this Agreement, whereupon shall be <br /> of no further force and effect, or (ii) extend the Curative Period for up to an additional 90 <br /> days ; or (iii) accept title subject to existing defects and proceed to closing. <br /> 4 . Representations of the Seller. <br /> 4 . 1 Reserved. <br /> 4 . 2 From and after the Effective Date of this Agreement, Seller shall take no action which <br /> would impair or otherwise affect title to any portion of the Property, and shall record no <br /> documents in the Public Records which would affect title to the Property, without the <br /> prior written consent of the County. <br />