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UO" RIGINAL AGREEMENT TO PURCHASE AND SELL REAL ESTATE 6 q � 1 9 d THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ( "Agreement" ) is made and entered into as of the 26th day of July , 2004 , by and between Indian River County , a political subdivision of the State of Florida ( " County" ) , and Indian River County Habitat for Humanity , Inc . a Florida Corporation ( " Seller" ) , who agree as follows : 1 . Agreement to Purchase and Sell . The Seller hereby agrees to sell to the County , and the County hereby agrees to purchase from Seller, upon the terms and conditions set forth in this Agreement , that certain parcel of real property located at 405041St Street , Vero Beach , County of Indian River, State of Florida and more specifically described on Exhibit "A" attached hereto and incorporated by this reference containing approximately 26 , 232 . 8 square feet or 0 . 603 acres , zoned RS -6 , Residential , and all improvements thereon , togetherwith all easements , rights and uses now or hereafter belonging thereto ( collectively , the " Property" ) . 2 . Purchase Price , Effective Date . The purchase price (the " Purchase Price " ) for the Property shall be Nine Thousand One Hundred Fifty- Nine and 57/ 100 Dollars ($ 9 , 159 . 57 ) . 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 . 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 " ) . 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 1 � t t, 5/20/2004F :\Engineering\RonC\Word Docs\HABITAT UPDATED AGREEMENT.doc