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HomeMy WebLinkAbout09-12Resolution No. 09 -12 RESOLUTION AUTHORIZING EXECUTION OF A REAL ESTATE SALES CONTRACT (302 W. Chicago Street) BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that Olufemi Folarin, City Manager, and Diane Robertson, City Clerk, be and are hereby authorized and directed to execute a Real Estate Sales Contract on behalf of the City of Elgin with George J. Schober, for the purchase of property commonly known as 302 W. Chicago Street, Elgin, for $220,000, a copy of which is attached hereto and made a part hereof by reference. s/ Ed Schock Ed Schock, Mayor Presented: January 14, 2009 Adopted: January 14, 2009 Omnibus Vote: Yeas: 5 Nays: 0 Attest: s/ Diane Robertson Diane Robertson, City Clerk JAN-08-00 10:08AM FROM- HURLBUT & HURLBUT,P,C, T -846 P, 002/014 DLC— 'a—e uua rtvn U4. G4 XULTI —BOARD RESIDENTIAL REAL ESTATE CONTRACT 4.0 r2EAlTQR 1 !.SHE PARTIES. Buyer and S,:l.ler are hereinafter referred to as the `Fames 2 F... 3 Buyer(s)(PhxtaePrit+r) X of E1�in_a_...munlci al cos orae on 4 Geor a J. Schaber 5 Seller(s) (Pleare Prins ) George F -904 oti s 6 le;e optional Paragraph 41, 7 If Dual Agency applies, comp p 8 l0 agrees ro conv�y to Bayer &Cal to Buyers designated defined rantee, thee Real Fstatpe with rite pp o itna a of size or acrcage 11 of er surve cc, known as: 302 WW. Ch ca o Street ,_lam= City. l in °i s --(i � Stw Address 12 06 -14 -405 -014 13 Kane permanent Index Number(s 14 Cotmty knit # (i' app"cab ee) 15 identified as Spaces) 16 If CogdolCoopl'Pownhome Pa) king is Included: # of space(s) �___; 17 feheek type) ❑ deeded spec:; 0 limiud common elemenh Q assigned space 18 19 20 21 22 25 ?27 29 30 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 Estate 3. FI 'TURF S AND VERSO «L PR01'ERTY: AU of the fixtttres and personal property stated berem are owned by are in operating condition on the Date of Acceptance> )mless otherwise scaled herein Seller and to Seller s knowledge plumbing wall systems together with rile Seller agrees to transfer to Bult:r all fixtures, all heating, electrical, pi following items of personal prop rtyby Bill of Sale at Closing: (Check or eteumerate applicable 3tensJ FtfiP�aa ScmT(R)A>o�= C6Y�dR�s) Qdnaaif+V rb4edia Ai:6 x Refiigrtu+oz �5 .;SAll 1'anD ed Dvtvn Catpaang JBJaeto 54=4dirlff Air Fihcr 5 _LAIl wIm a Tnutmenli & lbldw _ F mpinee auk ags Ceaval Heald t er �(dveo/dvgve/9cova FaiavugswTmsaswama — samppvmp(s) tycrowavc )SIIwlt -s xAttavhed Shelving - Diplswvaha Smokyl�mee,ar(s) �,tytercom Sys¢ry _Wmar softener Shed Trash pa{vaga D1sp'+sal 2.1 ' ) Cmtrot Vue fi E,twpmart Ovtdoat Shed �Trashemvneowr �•rvAnu=Syslcsn —£IaeUOniec stoge��otoPmR(s) — _ASmhedcarn,slt Washer _ wmdou Air Coadicm, (a) with ull TreflsmiReef6) xLlght Fvclw2s. as dray V461 —� xP)a:,vd JegvWNon ,lrNis,ble Fevre system, Collw(c) avd ➢ox —Meroe Wurwty $ _ sdwiiiic Dish _ O ndoor elmse a Other items included: items NOT included: s and personal ro included in this Contract shall be in operating Seller warrants to Buyer that all fixtures ystow p P Periy condition at possession, except: condition if it erfornts the function for which it is intended, A system or item shall be deemed to be 1n operat<ng p regardless of age, and does not c,nstitute a threax to health or safety. to d PURCHASE PRICE: Purchase Price of shall be pard as fo1 W. ta�e`sQOeease8�e�tetel��,- �"� -- I#is�eet£aot shaH.>s inrio u, shall he paid at Closing by Wire transfer of funds, p _ c hslmleeaf the pure] asc Price, as adjusted by pro s check (provided a paid that the [isle company's check is or by certified, cashier's, mort;;age lender's or title company' guarantcedby a licensed fide ins crane company). March 2 2009 or at such time as 5 CI.OSI�TG: Closing or esaow payout shall be n shall taklJ a puce at [lte title company escrow office situated mutually agreed upon by the RAcs in writing. mrmrall b the PafiieS. geographically nearest the Real listate or as shall be agreed Y Y 6 POSSESSION: Unless odservw'ise provided in Paragraph 39, Seller shall deliver possession to Buyer at the time o£ Closing. Possession shall be dee red to have been delivered when Seller has vacated the Kcal Estate and delivered keys to the Real Estate to Buyer or to Listing Office. Ba er Initial Seller Buyer Initial _.� ry "— . aa.._.._ onv nr.r...,... c+ r7 ,. +•• TV. 'nM 94 lnirial__._ JAN -08 -00 10:08AM FROM- HURLBUT & HURLBUT.P.C. DEC -22 -2008 MON D4,24 FN U11T yr r"", T -848 PA03 /014 F -804 CI S RES: if applicable, prior to signing ENTIAL REAL ESTATE AND 1.EAD-BA ED PAINT Disclosure 54 7. 5� has[ has not received a completed Illinois Residential heal property 55 this Comm" Buyer (check one hle ` °protect Your Family From Lead in Your Home "; 56 Report; (chee�k oneAQ. has,O has not received the EPA Pamp >; 57 (check one({y has has not r tceived a Lead -Based Paint Disclosure. tats rants deP °sits (if any) from tenants. Special 58 hods o sit r or adominium association 59 8. PROR ONS: proratable items shall include, without ! and sewer, and' a HomeawvnedCondomiaiam 60 Service Area tax for the year o1' closing only, utilities, water IlJwbrells Association fees, sf applicable). Accusatilated reserves of ameowner /Condominium 61 fees (and Master of Acceptance 62 Association(s) are not a ProrataLle item. Seller represents that as of licab] efecs for a *I assessments (governmental or � and, if app eeial assessments (govemm 63 Assoefatioa(s) fees are $--ILA— ��� ees to a (or to or at Closing anY sP Closing for a Special Service Area 64 S NSA per N/A ,. Seller a9T P Y psi is due after the year eonfumed riot to pate of Acceptance. lnsta[lrnen rated as of the slate of Closing based on 65 association) P Real F,state taxes shall ec pro be final as of Closing, except as 66 shall not be a proratable item- The geweabl bill, All prorations sksall 67 105 °�" of the most reoen: ascertainable firll Year tax able tax bill reflects a homeowner, senior citizen or 68 providsxl in Paragraph 20. if the amount of the most recent as per all necessary documentation to the Assessor's 69 other exemption, Senor has sub " sifted or will submit in a OM21Y 70 office, before or after Closing, to presen'e said exesnption(s)• disc rove, or make modifications to 71 72 9 73 74 0 75 p 76 77 78 79 xo 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 A I'S p NEs+ % respective artomeys for the Parties may approve, PP this Contract other than stated 1 huchase Price within five (5) Business Days after the Date of Acceptance. Disapproval Voltage Price. AnY notice m disapproval is not be based solely upon stated Pw this r nrodificadon of this Contra, t shall If written notice is not served witldu the time specified, roposcd modificntion(s) by airy Parry shaIl be m writing. the Paroles written agreement is not reached by provision shall be deemed waived by the PaKiea and this Contract shall remain in full force and effect. If prior the expiration of ten (10) Susb less Days after Date of Acceptance, with respect to f tell (10) of prop °S� mO cations, then this Contract shall be nn11 and void. rovided by expense (unless otherwise p 10. PROFESSION j1VSP1: Tr�IONS: Buyer may s, lea at Buyer's nt audJor lead based paint hazards (rwless crnmental regulations) a hnme, radon, enviroam lead -based pain' said steal EsGrta by one or rppse licensed gav infestation inspectiotua) of any defects separately waived), and /or wool desaoying 'ascot written notice upon Seller or Seller's attorney t ) of the _to inspection service(s). Buyer shall serve together with a copy of the petuuen Pa" d Of cc disclosed by du iaspejonM tech an'ma� table to Buyer, . and/or lead based paint bazar widlia five (5) Business Days (ten (10) calendar days for i jihin t lead-based Paint ecified, this provision shall be report(s7 prior to the expiration of inspection) after Dew of the Parties this Contra en cttshall remain in falll farce hand effect. RthP Parties with respect to deemed waived by tanc0. written agreement is not reached by shall cover lets (10) Business Days after Aare of this arm' � cooling system(s), reso►ution of inspection issues, then this contract, bu osh it i� wUeantdttdvheating sY om; and � A major major components of the Real Estate, including floors, app regardless of plumbing and well system, electrical sys tam, roof, walls, windows, ceilings for which it is intended con tweet shall be deemed to t e m operating condition if it performs the fimett ° onent may be at the end of its p lire fact that a functioning o hP Bice shall indemnify Seller age, and does not o constitute a t treat defective for the purpose of this ParagmP rnee of Buyer or any Person useful life shall not render suck component and hold Seller harmless from I and against any loss or damage caused by the acts or g performing any jnspeetion(s). Ituyer agrees minor repairs and routine maintenance items are not a part of this contingency. If radon mitfgati m is performed, Seller shall pay for a,crest. ` 99 100 101 102 Disclosure (see page 11)- This (except for matters ofd i Contract is contingent E er Initial Seller Initial Paryerinitial 9,,rw n. 6012 on commitment 20, Sellerinitial, . -.-- JAN -08 -09 10:08AM FROM-HURLBUT & HURLBUT P.C. T -846 P.004/014 F -904 DEC -22 -2008 HUN U4 Z4 rn vi 1 -- 0 or 103 licable) shall not exceed —% Per a"um' �o ot%of dt amount. 104 required. The interest rate (initiq an otigitiation fee and/or discount points not to exceed closing costs c eel by lender- (If 105 — Years. Buyer shall pay usual and customary processing fear and make written loan 106 Buyer shall pay the cost of ap0cation, cost credit complete Paragraph 33.) B' 107 Fi1A/VA, complete paragraph .i5.) (If closing complete P- Failure to so shall constitute u act of l08 appli°ation within five (5) Business Days after the Date of Aocep ove,'rs unable to obtain such {can a lied for the loan speetr If sayer, having this Contract shall be null and void. If 109 Default under this Contract nt.yed within the time specified, Buyer shell be 110 commitment and serves writte r notice to Seller within the time ape 111 written notice of inability to obtain such loan commitment on the sale and/or closing of Buyer's existing 112 deemed to have waived this co atingency and this Cont sball remain in fall force and effort_ Unless otherwise 113 p g eel the financing coaditioas of this paragraph if Boyer obtains a loan provided in Paragraph 31, thh Contract shall n° contingent ap loan is conditioned on Lbe Sale and/ot 114 real estate. Buyer' shall be deemaed to have of this paragraph even though If Seller at Belief's option and expensc, within tltirtY (30) days after Buy'er's 1 l5 commitment in accordance will the t a ��e money mortgage upon 116 closing of Buyer's existing noel Commitment or notifies Buyer that Seller will accept P Buyer five (5) 117 notice, Procures for Buy d Buyer shall furnish to 118 the same terms, tract Skm ll remain in hill force and effect. In such evesuce�ancingnau 119 Business er Buyer's not ice of seller's electio election to ro n obtain to obtain the mortgage copunivaetn and to 911 Me" 120 Seller or all requested inf )rmation and shall Sig 121 evidence of insurability for an 122 is coj tinge upon Buyer's securing Premium sates 123 t 2. A R SURA � This COn Buyer equie to obtain evidence of insurability and 124 htsurattee Service p�ization Homeowner 3 (1 cc if applicable er is equivalent policy 125 within ten (10) Business Days a fter Date of Acceptance_ If Buy 126 written once notice with pro(f of gains to Seller within the sserved wi Din the time specified, Buyer shallsba deemed to have rwaived Shall thie contingency and led$ this 127 128 this Contract shall remain in f.tll force and effect Residential P -ed h-op�y closure Report. 129 U iless previously disclosed in the Estate is located in a special flood hazard 130 1 tr[ OOD IN I p �>~' null and void if the Real 131 Buyer shell have the DO tid c ecltae this Contract mace or within the term specified m urns Buyer to carry flood iny�iranee. If written notice of the option to declare this Contract null an 132 area which requires 10 urainc Business Days after Date of AcceP 133 void is not given to Seller within ten (to) have waived such option and this Contract shall whichever is 1, ter), Buyer Shall be deemed to any rights afforded by rite Residential heal 134 Paragraph 11 ( herein sball be deemed to affect S 135 remain in full force and efftxm. Nothing 136 Property Disclosure Act. 137 �t shall supegsede any conflic 138 S"C �a be contrary to other txrws of this Contract, boas of 139 contained in this paragraph whi :h subject to terns. previsions, covenants' public and utility 140 (a) Title when conveyed sh Al be good and mer'cltamable, and all uunea Coveaant9 141 the Declaration of Condaminiuml Covenants, Conditions and from The Condominium/ easements including aa3' easements caroblished by or implied from due Dec 142 s sa ements; liwitariouts and conditions 343 Conditions and Restrictions or amendments thereto party tight a date of Closing o£ general assessments due 144 imposed by the CondOruniuim Property Act; ants Conditions and Restrictions. 145 ostablislnedpursuant w the Deolaratioa of Condominium, due and levied prior to Closing cad for all special Seller shall be responsible for 311 regular ass 146 lb) mtior to the Date o eptance. bt to demand from Seller items as 147 assessments confirmed l s from the Date of Acceptance, the rig diligently apply for same, 148 (c) Buyer has, within five (i) Bus es Propel Act, if applicable, and Seiler shall dilig y app 149 stipulated by the 1llinoi> C Pr vide to Buyer, a release or waiver 150 This Coneraot is s o the condition that S� able t, ° uuchee created by the DeplaratiOn Of 151 of any re6tsal mbar ctions within the time established hY the Declaration of 152 Con lumlCoveasnts, Conditions and Restri . 153 seller sellerinirial._�.� Buyer Initial Byer Initial _ -�-- -- AddteSS,_30 W. Chien o st.. $ F, Aeaa3 JAN -08 -09 10:09AM FROM- HURLBUT & HURLBUT P.C. T -846 P.005/014 F-904 DEC - 22-2008 MON 04;24 FM UilT ur cr.vru 154 1 vided by Seller to Buytx disclose that e or that the and conditions cotusined 155 (d) In the event the documents and infore a�opro r other restrictions ises or would result it increased 156 are in violation of exist.ng rules, 6 Buyer's use of than Buyer may within the documents could unreasonably restrict Buy owning the Real E,statc, 157 lions unacceptable to Btryer in oonnectro Business Days after the 158 financial oblige written notice within five (5) i Fin listing those deficiencies which 159 declare this Contract null and void by g re aired by Paragraph id (c), g Buyer shall be deemed 160 receipt of the documents and infor 4 161 are unacceptable to Strienr. v tend this Contract shall remain in full force and effect. 162 to have waived tb age covide a condominium survey. 163 (e) Sellers eobligatedtopr 164 grantee cod and 165 Seller shall convey or cause to be conveyed to Buyer or Buyers designated g good the 166 15. Cilz DEB S recordable general Warranty Deed with release of homestead rights- and with teal estate transfer stamps to be paid by Seller (unless 167 merchantable title to the Real Estate by a subject only to; Several 168 appropriate deed if title is in tr tst or in an estate), conveyed %vill be good andmercbaatabi , 3 building 169 otherwise designated by local or iinanee). Title when con ey couditions. and restrictions of record eovene ars ent of fire Real Estate. 170 real estate taxes not due and pal able at the nnetaintrf with die eurrentuse and enJoyrn 171 lines and easements, if any. so to ng as they 172 or Bayer's attorney wvilhk u� advance of Closing as evidence of title in Seller or (lrautot, a title 173 1 �I'f��E', � Seller's axpen:e, Seller will deliver or cause to be delivered to Buyer 174 eustomary fume limitations and sure cep in the amount of the Purchase Price with extend d co�erageb only to 175 commitment for sa ALTA title ; nsmattce policy 1 if the Real Estate is vaeaztt lib company licensed to operate in :he State of Illinois, issued on or d gu t not app Y gun 177 items ny licensed a sed to operate 15. Tht requirement of Pr'evtdutg extend good and merchantable title cot for title itstuaace fuurnished by Seller will be conclusive evidence cl g tted exceptions, 178 land. The committn herein stated. If the tide committneat discloses un Seller have said 179 as therein shown. subject only tc the exceptions table to Buyer, then Seller shall shows any encroachments which are not 1 it t not loss or damage that may be 180 or if the Plat of Survey ermitted exceptions waived or title insured over 181 exceptions or encroachments re loved, or have the title ins coet�t to tted. agar purchase Price prior 182 caused by such exceptions or encroachments. if Seller fails with the right to deduct from the ]e amount. Seller shall fttrnisl Buyer at Closing an Affidavit Insurance ce Title covering 1$3 prior to Closing, Buyer may e!e et to take the title as it then is, ee of an ALTA ingtaance Policy. 184 eaemnbiances of a definite o ga act mainur mommy forms required fox issuau 185 the date of Closing, and shall E where the Real Estero is a 186 Business Day Prior to Closing, except a Plat Estate Survey t 7 pL,1T OF STJRVEY: Not less than orient Seller's expevsa, fivaish to Sayer or Buyer's attorney Surveyor, 187 —'_" paragraph 14) Seller shall. d an tttinnis Professional Land 188 condomimttm ( or to the date of Closing, prep set back lines of record, 189 dated not more than six (6) months Prior emeats of record, om to th 190 showing any encroachments, m cements of all lot Boca, Estft and all ens di mees therefrom a the nearest two lot lines. to all buildings and other haprovemena b n °d�esi ey worming to the owrer requirements of the appropriate 191 fences, to be provided shall b or otherwise m0numented The survey shall 192 addition the survey The siavey shall show all comers staked, flagged or and suture: Dris 193 state regulatory authority acin near the professional land surveyor A d Sig Mortgage in�1his 194 have the following statemcat I romitne rtly appe B _ for a bounden sun y' standards 195 professional service conforms to the current Illinois minimum 196 as defined, is not a boundary sur rey> and is not acceptable. 197 not less than five (S) Business Days prior to the Closing, this institution es or the title company in accordance with the provisions 198 18. ESC OW CLOSING: Attie election of either Part , Peres with provisions inserted 199 sale shall be closed through an escrow with The Agreement, Weed on between 200 of the usual form of Deed and Dloney Eger" Agreement as agrc upon the Parties shall 201 i» the Fscrowv Agreement as ma be required to conform with this Contract The cost of the escrow shall file a td by e 202 party requesting the escrow. If this transaction is a cash purchase (v0 mortgage is secured by Buyer), 203 share the title company escrow closing fee equally �- 204 Buyer Initial T B rye' Initial , _.: Seller Initial _ Seller lnirtal - - -- � ArlflreS4 30 W. _Chien o St • ,_ El in IL 60123 - Page 4 JAN -08 -09 10:09AM FROM- HURLBUT & HURLBUT,P.C. DEC- 22-2008 MON 04 ;'Lb rri U t : t Ur T -846 P.006/014 F -904 OSING If, prior to delivery of the dead, the Real Bm Sh811 205 1 . A AGE O EAL .EST.\TF p_ P1 T� L or the Real Estate is taken by condemnation. then Buyer edb fire or otter casualty, vin a refund of earnest money) or accepting the Real 206 destroyed or materially damag Y able as a 207 have the option of either terminating this Connect (and receiving award or any jnsurance pay ad or destroyed, togert= with the proceeds of the agrees assign Buyer and deliver to Buyer at 208 Estate as the de which gross proceeds Seller ogees to assign 209 result of the destruction or dattage, or r lace damaged improvements. The provtsrons of the Uniform Vendor 210 closing. Seller shall not be oblig: ted to repair re liable to this Contract, except as modified in this Paragraph. 211 and Purchaser Risk Act of the st to of Illinois shall be app 212 osrted in escrow 213 20 12EAi ESTATE TA C ESCR, W: ht the event the Real Estate io ipre hie pe bepdeP iously raxe or 214 the entire year as eurr"t3y imp" ved, the sum of three percent 0%) b Buyer and Seller and paid a! Closing, e when 215 with. the title company with the c ost of the escrow to be divided equaIlY to d, the taxes shall be prorated try 216 the exact amount of the taxes prorated eeller�ssshareb such tax liability after reproratiolt Shall be paid to buyer from 217 attorney at the request of. either F arty, shall be Paid to Seller. if Sellar's obligation after such reproration exceeds the 218 the escrow funds and the balanei, if any, 11 b such excess promptly upon demand - 219 amount of the escrow funds, Sell er agrees not received written notice from any 220 221 21 SELLER REPRECE TA I� ON9; Seller rePres -"nts that lips. b�� fire health code %iolations that have en(a) condemnation or eminent domain proceeding; or (d) a 222 Crovernmental body or Homeowacs Association) any a (a) d 223 not been corrected; (b) anY Pem'UUg rezoning; (c) any pending 224 proposed or confirmed special assessment and/or Special Service Area affecting the Real Estate, Seller represents. 225 however, that, in the case of a spacial assessment and/or Speci t nw�ne�ed special usPessment affecting the Real 226 1. There (check one! is ❑ is not U a proposed or pending 227 Estate not payable by Sc ller after date of Closing. �� for which will 2. The Real Estate (cheek one! isFQ is nmlU+ located witbia a Special service Area, Payments 228 special assessment or 229 not be the obligadom of I >eller after date of Closing- nou- Homeowner Association a 230 If any of the representations contained herein regarding Buyer shall have the option to declare this Contract no" and 231 Special Service Area are unacceptable to Buyer, Y n (er 232 void. If written notice of the )ption to declare this Contract null and void is not given hi Seller within ten l0 option and this Contract shall remain in full force and effect• Seller further 233 Business Days after Date of A :eeptance or within the term specified in Paragraph 11 (whichever is later), Y the 234 shall be deemed to have waived such op ' line disputes, easements or claims of casement not shown by net LO 235 represents that Seller has r v paste on the f bReal Estate or any mptovemeats for which the required permits included in full 236 public records, any improvements to the Real Estate which are not either inc ed in tax 237 obtained. Seller represents that t tees have been no 238 in the determination of the most recent real estate tax assessment or which are eligible for home improvement 239 exemption. Estate in broom clean 240 1.STATC D INSPECTION: Seller agrees to leave the Rest 241 z2 "ONDITfON OF RE n that is not to be conveyed to Buyer shall be removed from the Real Estate at 242 condition- All refuse and personal Pr Party ect the Real Estate, fixtures and personal property 243 Seller's expense before possession Buyer unp ovents Pinclude<1 personal property are m substantially the 244 prior to possession to verify the k Nee Real 245 same cottdmon as o£the Date o1 Acceptance, normal wear and tear exaePted requirements of the applicable 197 246 COly.p CE Parties apt to comply with the reporting 7 4, as ended, 247 23. GOVERNMENTAL Y-- ent Procedures Aot of 248 secticros of the Internal Revenue Code and the Real Estate Senlem tbrou h FridaY, excluding Federal holidays. 249 s are defined as Monday g 250 24. BUSINESS DAYSIHOI - Business Day tiIIre. 251 Business Hours are defined as 8 00 A.M. to 6:00 Y.M. Chicag o airs and finalizing this 252 signatures shall be sufficient for purposes of executing' neg tin8 253 25. F�+CSTnllI E: Facsimile sign 254 Contract Seller Initial--, Buyer Initial Seller Initial Btryetlnllia! �' -• -- 30 4. Chicago St., El$in,, II 60123 Addre4s _ Page 5 JAM -08 -09 10:09AM FROM- HURLBUT & HURLBULP.C. T-846 P.007/014 F -904 DEC- 22-2006 MON 04:25 FM CCry up instance where this Contract shall be deemed and earneslt arid on Y rdefunded to 255 26. DMECTIO TO > QWFE' In i her Party, the following shall be deemed incorp diction' °• 256 Contract maybe terminat Y of an order by a court of competent ills' 257 Buyer upon written direction of • he Patties to EserowCe or upon entry Z shall he in writing and shall be served 258 provided otherwise in Paragraph 31(C)()' shall be sufficient 259 27 OPl_ 'YICF- All Notices, except as p' or attorney- Notice to any one of a multiple person patty 260 by one Party or attorney to the ether Party 261 Notice to all Notice shall be giv n in the following mariner: 262 (a) 13! Fersonaidelivery of uch Notice; or re tar mail and try certified mail, return receipt 263 (b) By mailing of such NOt'.ce to the addresses recited herein by bu 264 requested. Except as oth erwvise provided herein, Notice served by certified mail shall be effective on the date or 265 urailing; or be et%ctive as of data and time of facsimile the eventtfax 266 (c) By sending facsimile pansrnission. Notice shall Business Hours. va date and time of Notice is the first how of the next 267 Provided that the Notic: transmitted shall be sent on Business Days durrrng 268 Notice is transmitted doing non - business homy, the effecti effective of a -mail transmJgsron' provided 269 Business Day after transmission; or ovided firrdter that the recipient provides 270 (d) By sanding e-mail transmission Notice shall be eStrsrness Fio andpr dome regular mail or 271 that the Notice tt ansmitied shall be sent during of the transmission (by e-mail, facsimile, �i2 written acknowiedgmert to the sender of receipt miffed drtring non- business hours, the 273 coiumerclal overnight delivery), In the event e-mail Notice is trans &yon; or 274 effective date and time c f Notice is the first hour of the next Business Day after such Notice sball be effective the next Business Day 275 (e) By commercial overni @ht delivery (e.g., FedFx). 276 following deposit with t le overnight delivery company action with respect to this Contract, the parties 277 to liti anon shall be entitled to collect 278 28. PBRFORI Ta C &: Time ii of the essence of this Contrhe any y equity and the everting Party � g ent urisdiction.l7iere 379 are flee to pursue fees co tdies at law Or " m the non Pre S Parry order by a court Of from Sr ller and Buyer. 280 reasonable attorney unless Escrowee has been provided reasonable agreement 281 shall be no disbursement of ears est money by he filing of an action in the natitre of interpleader. b,SerOwe of shall the may 282 Absent an agreement relative tc the disbursement of earnest money within a reasonable period of time, sctowee 283 deposit funds with the Clerk of the Circuito u co6ts including reasonable attorney fees, related to the filing and hold $scrowee harmless from arty and all conflicting Claims 284 he reimbursed from. the carries; money 285 interpleader action. Seller and Duyer 9bau indemnify 286 and demands arising under this paragraph. I but not limited to, the 287 288 289 290 291 292 293 294 295 296 397 298 299 300 301 302 ,00:7 FAITS: All tarots surd provisions of this Contract roc ttdmg 29 CHOICE OF LA r coon paragraphs shall be governed by the laws of the State of Illinois and era Attorney Review and Professiw et Inspe fair dealiYig implied in all Illinois contracts. subject to the covenant of good :with and 30.__, O?�� 1t PitO -- I'� 5I0 v5: "this Contract is also subject to those Oa and if mry.Th re_ Rider d initialed by the Parties which an: contained in the following pmaPaP z Srrppr real estate conCract for_the sale of �r 6 coneract. THE FOLLOWING OPTIONAL PROVISIONS APYLIPONLY IF 1NI l XALLA�LA�� aesaehed hereto as Exhild= A is hereby ittcor oraeed into and a 303 304 305 _ 31. SALE t 1F BUYER'S SAL ESiATT: Initials (A) gII,gEg XTATIONS ABOI JT BUYER'S REAL ESTATE: Buye7 represents rn Seller as fo cws: (1) Buyer owns real estate =ornonly known as (address): has entered into a comraet to (2) Buyer /check one has ❑ has not entered inre a contract •w sell said real estate. If Buyer sell said real estate, elax c"Trraer ' e col tun6eney. (a) I eek one / 14" si is nos suh'ea to a mortga6 Seller Inirial, B uyer lnitla ��� $e1Per Initial Buyer Initial - _ IL Address. _ 30 W. Chicago S_c • ,fin ,. 6n0 hP Fl JAN -08 -09 10:10AM FROWHURLBUT t. HURLBUT P.C. T -846 P.008/014 F -804 DEC -22 -2008 NON 04:Zb FIR ulll yr ct.vaa, 306 (b) /rheafr used ' a 00 is not subject to a real estate sale contingency. 307 (c) Idreck one�Il3 31 C3.. is not subject to a real estate closing contingency 308 (3) Buyer lel[eak onell1+ he � has not listed said teal estate for nit with a licensed real esta[t broker and n a local 309 multiple listing service. 310 (4) ]f Buyer's real ecbTE +% not listed for Sala with a lieoused Taal estate broker and in a local multiple listing service, 311 Buyer efieck onel 312 (a) � Shalt 115[ said real estte for Day 314 after the D��A�eP�ceh�rekar who will place it in s load multiple listing 313 servica within rive (5) Business D y 314 For information only: 3roker: �phonC 315 WBr ker sAddress: or sale- 316 (b) ❑ Does not itsend to list mud real estate /OR CLOSE OB B"KEL +S REAL ESTATE: at estate 317 (8) CONTINGENCM BASIS l IPON SALE AND 318 (1) This Contract is contingen' upon Buyer having on Sditoo a shall provide fo a cBlnsing date not later athan rthe Closing t br the sale Of 319 and effect as of Served on or befor a the date set forth 320 Date set forth In this Corrract. If written notice i Buyer's real estate, this Contract shall be unsand void. If written 321 Buyer has not procured r eontrad real estate is not sewed on or before the dose 322 notion that Buyer has nun Procured a eontract for the We EoufyBuyer's sl ea dsate i tot sve waived all contingencies 323 of business on the dnte h forth od tdffi C tradashall remain in foil force and nffild. (1f this paragraph is used, thou 324 eontzivad in this Paragra p this h a t i and that 325 the following paragraph mist be comp s real es%W as set forth in paragraph �) ( ) Of this 326 (2) in the event Buyer has ant xed ineo a contract for the sale of Buyer' or before ant a Buyer closing the sale of Buyers real Bum estate is 327 suntan is is full force arts eBect or bas entated into a co°asa for sale of Buyer's real estate prior as the execution 328 Contras¢, this Contract is coning upo 329 20 . 1f written satess Day after the date sot forth in the proceain8 sentence, this 330 serve before the dose o business on the next Easiness Day sentence, Surer gall be the Cc is not served as d 331 Contract shall be Ault an t void• Tf written stained in this Paragraph 31,nn this Contract shall remain sn full farce 332 deemed to have waived all couth"Cen Paragraph 333 and effec� 3 Business Days 334 (3) if the contract for the sale >f Buyei s real wino is terminated for any reaso B �e sbatieiviwai throe () n Bu31 siness tie (1 Buyer, as part of said notice, waives all contingencies in 335 (or after' the date of this Cc °tract if no data is set forth in Paragraph 31 t8) ( Y If 336 of such termination, nor f Seller of said term, Unitas >O foyer shalt be in default 337 Paragraph 31 and complies with Par7rgraph 31 (D), than Contract shad be null and void as of she date of notice 338 written notice as regsirrd by this sabparagtmph is not served within the time specified, EnY eo Sellet 339 under the terms of this C"tract � OBBER REAL ESTATE FOR SALE: During the time of this coming cS , 340 (C) SELLER'S BIGHT TO CONrM" ties expressed is subparagraph (B} 341 has the nghtto continue to show thi l Real Bsmw and offer it £or sale subject w the a the oitg: hours after Seller gives such 342 (1) If Seller axepts another b too fide affin Writing same. Buyer shall then e� 343 am in effect, Seller shall a•tify Buyer paragraph 31 B su sec to Paragraph 31 (D). n Breyer, not Bayaris 344 notice to waivt the contin8 enaies se[ forth i erred to (I 41 345 (2) Seller" notion to Buyer (commonly referred to as o tin kc notice) shall r should b seat to Buyer's xomcy and 346 t Covrmsy cop one of s attorney or Buyer's real .state age. • Co ies %hall not notice invalid. Notice any shall be 347 real issues agent, if knows. Failure to provide sttrlt cow7asY P purpose of this subparagraph 348 multiple•perwn Buyer she 11 be su�eient notice to all Buyers. Notice riot the P°iP 349 served upon Buyer in the f>llowing manner: al delivery; or 350 (s) By personal delivery (f such notice effective at the time aad date of person it and b certified mail Notice 351 (b) BY trailing of such notice to the addresses recited heroin for Buyer by regular or y 352 served by regular mat. and caviled mail shall be effective at 10;00 A-M an the morn ng of the %stood day following 353 deposit of tsotiae in U. 5 -Mail; or a Fades). Such notice shall be effective upon whichever first :occurs, Chicago 354 (c) By commercial over° ghi delivery ( -g., 355 time on the next deliv- ay day fouowi°g deposit with the overnight delivery company. 356 (1) .Tf Buyer complies with the provisions of P ha11 (a)1 (A) then this Canoaet shall remain is full force and eff Buyer, this 357 (4) If the contingencies set f n+h iA Paragrap are NOT waived in Welting wittin said time period by 358 Contract shall be null and •ioid- h C 2 above• all notices shall be made in the manner provided by 359 (5) bkeept as tavided in sat sCClions SO subparagraph () $elder Initial Seller Initial �-- - -- - Rvuorrniiial _- _13gerInitial JAN -08-09 10:10AM FROM-HURLBUT & HURLBUT,P.C. T -846 P.009 /014 F -904 DEC -22 -2006 MON 0412b 1'0 WIT Or r.Lu 411 "._ 360 Paragraph 27 of this Camr:.Ct of notice under Ibis pwagraphby Seller's attorney or representative. contingencies in Paragraph 361 (6) Buyer waives arty ethical ebj1 CO to the delivery —' 362 (A) VPA1V� OF PARAGRAPH 31 CONTIT7GENCLiS: Buyer shall be deemed w lesvo waived be connng ec��' the 363 31 (B) when Buyer has delivered N Tlrten waiver a d dip 'oil the additional eaernest money within tfi0 time ap 364 earnest money within the time spe ified. If Buy agent to verify representations contained in and 365 waiver shall be deemed ineffccrivt and this Contract asha authorizes Seller var�5etler's 366 (E) BUYER COOPRRATION REQUIRED'- teinprovidingrekvantinformation 367 Paragraph 31 at any time, and Buye' agrees to cooperate entered 368 rya N OF [O RFPL 5 A1'E CO NTR GTr is the event Oidre[ Pant 369 32' C`L CE to 4r1R canoellaaion Of the Prior contract oa or before be 370 into a Prior real a sate ononset, this Contact shall be subject Review �d 20i fn irO evrst the Prior contract is not rxac011ed within the time specified +chit Contract shat! 371 1--- been s ld not or waived. 372 nnll and void. Notice to the purchaser under, the prior eanrt'act should not be served notil after tarn 313 Professional Inspeetiods pro vision s of this Contract have expired, 374 �a_ (IOSO�C COST CR 1: provided Buyer's lender permits such credit show o credit to Buyer 375 such lesser amount, as the leader permits, Seller ay 376 Settlement Statement, and it tot' atclser 377 S with a completed W -9 and other required forms), 378 3a I3 gE C. ACCOUNT: Earnest tao°oy ( Fscrtwee. All interest earned an 379 insured brwrest bearing aeern+nt at a ftnancial insttut%° designated by -a a fee riot 380 shall ba held m a fedualy a the account. is a 1 ipation of Closing, Parties directPscrowee to close the account no 381 the earnest moony shall aaYUe N to benefit of and be paid to Buyer. Buyer shall be responsible for ahY admiIIistr tin 382 to eYeeed 5100) ehar80d for seating P 383 sooner than ten (10) Business Days prior to rho anticipated Closing date this provision shall be applicable: 384 m u sNCING: If Buyer is seeking VA or FHA finanomg 385 35. V� A Olt 1 t if forth hereiin exceeds the appraised value of the Real Estate, as 386 Buyer may taaainate this Contract if the Purchase Price sat However, Buyer shall have ire nt ra and m the amount of the appraised valuation. If VA, the Funding Fee, or if PFiA, 387 determined by the Veter ans Adm"frotioa (VA) or dte Federal Housing Attminisnation (F1IA . 388 option °f Proceeding with this Con' fact witho $ QQ sball7U shall not be added to the Mortgage 389 the Mortgage Insutanee Premium (Me) shall be paid by Buyer tm� C ed by i�d� not t° ezcead SZD0.00, Required FHA or e dditional miscellaneous es exp agreed that notwithstanding any other Pr0i14iO0s of this 390 loan amount Sella agrees o pay described herein or to meet arty Penalty by forfeiture ct. 391 VA amendments seal! be attached to this complete the purchase of the Property r temehns, s written 392 Contract, Buyer shall not b0 obligor 0d m [omP P ry {n accordance with HUO osing costs) of net 393 of camest money deposits or ndn xwise unless Buyer forth the appraised value of die Prop ary (excluding with the camuntmation of the 394 statement by the Federel Housing i= °,nmissia"O" getting Privilege and option of prnrzodtg ine the maximum Buyer shall have the P valuation is areived at m determine 395 less than S appraised valuation. The appraised and fate mortgagee do not warrant the 396 Contract widwot regard to the amcunt of the evelopment will insure�g rarantee. HLTD 397 mortgage the Dopartmeau Of Housing and Urban himselfTher'self that the Price and condition of rte property are 398 value nor the condition of the pr tpe+Y. Buyer should satisfy 399 acceptable. 400 36 pf FIPTAN G: This Contract is continue f upon Buyer obtaining a con. If Buyer is u able 401 1 20�, in tie anrotm m the time specified, teas Contract Shall be 402 merit! fllanoing on or before —^^^" w r;Km notice to Seller''vita the Parties 403 to secure the iaterim financing commitment and g" provision shall be deemed waived by 404 moil and void. If written notice is not served within tits time sperATM4, this 405 and iris Contract shall remain in fug rarce and effect. V SpgL�IONS: Sonar shall obtain at Seller's expeate a wall 406 3y_ L _ !OS SEPTfC d including a better is and nivate Test (and 407 — - ins of wear Health Department, a Licensed Environme tal Health 408 water test stating thattra well delivers not less iron five (5) gall stating that the Walt 409 lead test for FSA loans) andlor a septic report from the applicable Courdy rift to Closing are c do operating condition with no defaces noted Seller stall remedy any 410 Practitioner, or a licensed well and septic inspectAU each dated oat word than ninety (90) Ys P s defect ar deficiency and the 411 and water supply and the private s unitary system rovided that if the cost of remedying WOO of such additional cost 412 defeet or deficiency disclosod by se. id repoMS) Prior to Closing: P aemenl regarding PaY 413 cost of landscaping together exreer. $3,000.00, and if the Parties cannot res�a. ended by the report shall be obtained at Seller's 414 that this Conn7wt ay be terminal ad by eMer Party. Additi onal testinA 1 11 Buyer Initial 13 ver Inirial Seller Initial Seller Initial_. - -- 2 W. Chlcagi St., Elgin 7L 60123 JAN -08 -09 10:10AM FROM- HURLBUT I HURLBUT.P.C. T -848 P.010 /014 F -904 DED -22 -2008 NON 0426 Fin CLTY ur CLVhtr "Uri. liter Clos ng, the Parties shall have the option of establishing sn escrow la le shall 415 mepertse. If the repot recommends a ddidonal testing or either Party may terminate this Contract prior to Closing. 416 mutual cost allocation for neceaaa* repairs or replacements, 417 doliver a copy of such a"aluationts) n Buyer mat less than one (1) Business Day Prior m Closing. h I0, wah� ten 418 STA TON, Notw thstanding the Provisions of n raper% nose shall deliver to Buyer a writ report, dated not more 419 r,_ -.��3& WOOD')FS'1'1tOYTNC ulamrY a�1O�' in the range. Seller at Seller's rep the apprOPn&Te state rag insects. 420 (10) Baseness Days aRgr d1e Date c f Accap b a licensed inspector certitted by or other wood destroying 421. than sir (6) months prior m the dab I of Clos & Y demaga, Buyer has 422 subcategory of termitm, stating tba' there is no visible evidenoo of active infestation acts eye ton or srtttemral 5 Business .)ays of receipt of the report t0 Proceed with' purchase or declare this lfor then and void 423 Unless otherwise agroad between tl.e Parties, if the report discloses evidence of active er d fare for rase then one year 424 the option within five () ondominiums or to newly coostTUCtad property having 425 This paragraph shall not apply to % 426 following completion of constructio> 427 ST_ OSl u1: —POSSES'.. shall be delivered no later %tan hiss tern on the data ibat 428 �� the O SSES'.. Date. Seller shall be responsible for all ttti litiea, contents and liability 429 y days after %1e date of Cl C1 king (erasP delivery of Possession. Seller shall deposit in escrow at Closing home meintwim w enp I�+ the sort of S 430 insurance, and Iebaase Mel � one percent (1t /o) of she Purchase and occupancy cupanc from and including the 431 with per day for aaC and oecupO Y hat Per day Of Possession, if on or before the possession Data', b) The atn0 P 432 _� be paid by Fscrowee a • follows: a) Tbn sum of $1� aft � Possessive Date specified m this 433 day after Closing to and including %ter day of delivery P be aid for each day o.,sessioa and 5 times the daily amount set 1011111 shall cAThe balance, if any, m Sit after delivery of P " 434 equal to five () in o isessioa of the real esmt, and) under this Paragraph ahall not ba limited on the amount 435 paragraph that Seller remains P a Landlord/Team' relationship 436 provided the[ the'terMS of Parill 122 have been Satisfed• Seller's liability 437 of the possession escrow depose Warred m above. Nothing berein shall be deemed to create 438 between the Parties. is for the sate and parclraas of file 'Real Estate sod personal 439 " c » r n `pT tTON This Contract warranties or guarantees with 440 _ _ ASS ^" y es that ao ropresentetions, 441 property in its "AS Is" Oondition as of the Date t>1 property Seller shall make the have be= made by Sdnar or Sella s Agent Other than those known C may conduct an inspection at Buyers leer and of that event, 442 respect m the condition of the Real Estate and Perulaill 443 defe>cta. if any, disclosed by Salle'. Buy reasonable limas. Buyer shall indemnify Seller g S�p� o°��rn � and the 444 property available to Buyer's inspe wr saga of 'Bayer or any Person P� ed or transfer'r'ed is caused by tb,n acts err neg"geac atak £stores or personal property to I Conveyed or Contract 445 any loss or damage the Date of Aeeep 446 msptttion reveals that the condition a We imp in rive (5) Bushnes6 Days after of SW er'c right to 447 nuaceeptable to Boyar and Buyer so notifies San" �> r t0 contest said iwPcclion aParates as a waivd b and this or to conduct shall =sin in tall force and effect. Buyer ackrynwledges the 44S shall be null and void. Failure h Boyar to notify h 3 do not aDAIY m �'` Cp°traa' 449 terminate this Contract under th B Paragrap 450 provisions of paragraph 10 and the warranty ptovisigus of Paragraph cothsertted m Tf N OF Lt t SNCY: The Parties confirm that Agent i havo previously 451. r 41. CO t (J,,igapsee) acting as a Dual Agent is provadmg br0kasga seR'iOea 452 ,1 453 specifically con ;ant m n..icensee acting as aDual Agent with regard m the mansacnoa referred m an thus Conti 454 on hair behalf and sp Y t u on the approval of the Real Estate by 455 �D PAB7Y AprnOVAL: This Contras is rurnirtgan p Buyer's specific party, 456 —, _ 42. SP _ �--- does is approve of the Seal 457 Canoe. in the event Buyer's speeified Party entice is 458 with n five (S) Business Data sitar the Date of Aceep Contract shall be unit and void. If written ec to Setter within the time Spealad, this C and this Contract shall remain m 459 Estate and written uotice h ,e rovisinn d mU be deemed waived by The Parries 460 not served within the time nacre£ ed, this p 461 full force and effect, upon the Parties 462 12 7yeNE0IlS R V19I0 : Buyer's and Seller's obligations are with such additional tarns 463 `J — —� 44 eemont consistent with the terms and conditions sot forth herein, and writ= age e)ceck applicable 6az(esH 464 entering mm a separate 465 ais� either Party tray deem necrssar5, Providing for one or more of tha❑fo �ouetion 466 rlr i Assumption 0f Seller's Mcrt8 age ❑ vacantIAad 467 ❑ Commerc 'a'AnvagmtmUStarl.er'Excbange ❑ �clesofAgre mattforDeed °rpwOhaseMorleyMortgage 468 L3 cooperative A ent Sr Se11er. Infdal�.... 6 es Initial Seller Inlrial Ruv;F—Initial -- - '^ JAN -08 -09 10:11AM FROM- HURLBUT & HURLBUT.P.C. T -846 P.011/014 F -904 D €C -22 -2008 MON 04:Ct vn tlllt Ur �LU"' 469 TPiS DOC(Jh1E1ST WILL I'ECOME A LEGALLY BINDING CONTRACT WHEN SIGNED BY ALL 470 THIS DS AND DELIWILL TO THE PARTILS OR TUIR AGENTS. 471 t been altered and is identical to the official Multi -Board Residential 472 The ?ernes represent tbat text of this form has no @ 20 473 Reel Estate Contract 4.0 -. _0 2 474 yxkj &� Q t �y�_� �•� IL roue �� E'matt FOR INFORMA7701V UNLx None muff None sang ce gmFz �.�.�p 1rye SS eslgmto gent ++ aK Will am d, GP le -s�-�- uyer s homey g47 -931b an 5665 — one NPAa one 0 gage ompany N ne trmatt catleri e e er s AIWENY 84 - - 8 7 -7 �n4nn ,ax one None any ppe omeowner ono soc1 on e One ent °• r ontact 7VJ ° 8x 504 an cer Unauthorized duplimtitm or alteration of this form or any 505 is reserved• Estate Lawyers Assooisdon). 506 =006> 111inois Real Estate 1>awye's Ass°nauon• All reallaw.a8 (web site of 111ioois Real 507 portion tbereof is prohib fined Official Form available at wtvw• 508 the Bowing orbaniraiions February 2006- o Association of RE+U TORS ®. 509 f pproved by f TCIRS�> CAic�s County ASancibtiOu of 510 111inois Real Estate Lawyers Associ �tion Aurom Tr - County Ass °°: h�u R g Association Nltilenfl Bowd Of 511 DIP age County gar A006 .on, it me County gar Association Lake ro Nordiwe" Suburban Bar Assooiaioa1 Oak Park ALTOR0 512 REALTORSO, Nordt Shore - Bu ci 1 0, Association alloy 1 E- OX® Association of the Northwest Chies88olard R RBALTORSs of olan Thme Rivers Association of REALTO &5�, west Towns S 13 RE 11 TORt °t.1�Al TOA® Associ uion of the Fox Valley, REAL 514 Assoaation of W"USouth Suburbs o r�ra8 tl 515 516 517 518 A P1` $19 resented to Seller On 520 Seller Rejection: This offer w P 521 andrejectedon.� - -- (Selleruutials) 522 523 PDF Version 4.0.2 - 5 /2106 JAN -08 -00 10 :11AM FROM- HURLBUT & HURLBUT.P.C. DEC-22 -2008 t1UN uv•co nt v „ — - Er A T-846 P.012/014 F -804 302% y yr and entered into this day of This Rider to he real estate contract is made ereinafter �200# by Ind between the City of Elgin. a municipal corporation, d puced ly referred to as the "Buyer ") and George J. Schober (hereittafler referred to as the "Seller`D; and wHggg q g Buyer and Seller are concurrently with the entry into thus Rider entering into a real estate contract providing for the sale o£ 302 West ChicagodSlh cEoatraeis hereinafter (such property is hereir after referred to as the "Subj eet property referred to as the "Subj(We Cnntrzet "); and yVgg yS, the parties wish to set forth their further agreements bctweera t. m regarding the sale of the Subject Froperty and incorporate this Rider into the Subject Contract. '4RL, for and in consideration of the mutual undett"ings in the Subject NOW, T1iERE1 and Contract, the undertW Igs in this whir s are hereby adder, edged, the parses heretolagr� as foAows:�e r ipt and sufficiency l The previsions of Section 40 of the Subject Contract entitled " "AS IS" CONDITION" is and ihall be included as part of the Subject Contract it being agreed and as undorstood that the Subject Property is being sold by the Seller to the Buyer in "to th condition and that Seller will not ie maldng any repairs nor providing any credit for repairs to the Buyer. 2. Notwith: tanding anything to the contrary in the Subject Contract, and notwithstanding anythi rg to the contrary in this Rider, Seller shall deliver possession of the Subject property to tit'; Buyer at closing free of any and all leases or tenancies, vacant and unoccupied. 3. Seller shall no later than five (5) days following the entry into the Subject Contract serve notices cu the tenants and/or occupants of the Subject ProPertY as required by law so as to terminate all tenancies and occupancies of the Subject property prior to closing. 4. At the closing the Buyer agrees to pay relocation costs for each of the five (5) units within the Subject Property . the amount of $900 for each unit for total relocation costs ed of $4,500. Such relocation costs shall be retted o the tenants set tenants ands other occupants having hereto as Exhibit 1 sublect to and costing P being vacant and unoccupied as of the vacated the Subject Property and the Subject Property closing. Such relocation expenses paid by the Buyer shall be in full satisfaction and settlement of any relocation expenses or rostra due and payable by the Buyer in connection with Buyer's purchase of the Subject Property. Buyer may require the signing of an Buyer's and release in a form as determined by the Buyer as a condition for the payment of such relocat ion monies. JAN -09-09 10:11AM FROM- HURLBUT & NURLBUT P.C. DEU-ze NUo I IVIY uv I w , " - - • • - 5, Seller and Buyer acknowledge and agree that ex a -as under the threat of oondemnation- T -646 P.013/014 F-904 the Seller's sale of the "Oct property to the BuY the & Thus Rider is incorporated into and wade Part of the Subject Contract. e�rms event of any conflict ry th the terms of this Rider and the terms of the Subject Contact, th of this Rider sball COntlol. rN WrrNESS N v-, EREOF. Seller and Buyer have entered into and executed this Rider to as of the date and year :first written above. SELLER: BUYER. C1py F bI Bx v✓ti .ue Ur Ili e c a. Attest: 0 City clerk F:V.e921 MPNkal rh'= tld' -3oz w CUGW,da -2- I =AIM JAN -08-00 10:11AM FROM-HURLBUT & HURLBUT,P.C. ~1 Rent Role 302 W- Cpleapo street C u�� B4 t $ 400.00 $$ $ aoow 113irA005 450.00 $ 400.0D 2 bane MarNson Nip' NfIr A 12airIO7 9 4 Sandra 19ft9 S 400.00 $ 400-DO 960.00 ilsia000 5 I mVonda Oavla 00 s 4W,00 MMM 4o MWW 8 AI Sd+afhc �' $450.00 • There 16 no unit 03 l XBTT I 1 I ut-+ aoumo•a � j T -848 P.014/014 F -904 .vd,mm q u19180R- "i moo 84 -81 -o3d of • Date: January 16, 2009 To: Mary Giffort, Legal Secretary From: Jennifer Quinton, Deputy City Clerk Memorandum Subject: Resolution No. 09 -12, Regarding the real estate sales contract for 302 W. Chicago Street Enclosed please find the above referenced agreement. Please distribute to the appropriate parties and if needed, retain a copy for your records. If you have any questions please feel free to contact our office 847 - 931 -5660 and we will do our best to assist you. Thank you.