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10-88
t , Resolution No. 10-88 RESOLUTION RATIFYING THE EXECUTION OF A REAL ESTATE CONTRACT (463 East Chicago Street-NSP Property) BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that it hereby ratifies and approves the execution of a Real Estate Sales Contract on behalf of the City of Elgin by Sean R. Stegall, City Manager, with PNC Bank, NA Successor to National City Bank for the purchase of property commonly known as 463 East Chicago Street, for $68,250, a copy of which is attached hereto and made a part hereof by reference. s/ Ed Schock Ed Schock, Mayor Presented: April 28, 2010 Adopted: April 28, 2010 Omnibus Vote: Yeas: 7 Nays: 0 Attest: s/Diane Robertson Diane Robertson, City Clerk Pfiriq•tar "T�?aal�lNS- SS- pi-4442,019 5S Pa!iar ng 'amp Ik1pspl 3h P5M!tOP p�assysa aap Paacoa tut Ja'loS raw psi`!ip wog $pimp a 33 f 04=NM lasa=11 o� ef ES 3o aura asp A P of ooassssod ranq;p U9 ALPS'6f gds3R►ad o<PaP!Aa d neo=isf l -:k0fi 4kSSOd^! 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Acausebted reserves of a)iadaeowna/Condominium 62 Atseciatiooen we not a profitable item.Seiler represents that ae of the Due of Accept aCe liameowoesFCoodomiaiwn 63 Assooiatiae foes are S Nip, per P[revues, (rod,if'pliable,fires bra Masse d[Iatrelle Association ace Igo,$_ N per }et ).Seder"area to pay prior to or at Closing say spew!essmsments(govawmaul or 65 asaocitdou)=mewled prior to Ase of Acceptance.installments duo after the yearof Cosies fora Special Service Area 66 shell not be a.prcratabk item. The general Reef Estate axes shall be prorated as of the date of Closing based oa 67 100 %of the wast recent ascerpitdble fall year taxa bill.All peon6oai shell be final as of Closing,except as 6; pealded io Peragtapt 20.1f the amount of the most raxatatcertainabie tax bill reflects*homeowner,make-tertian or 69 ottitr teaniptima mer bas eabailOed or will tubmit in a timely matter all necessary down to the Assessor's 70 Owe.before a;euro C3osat&to preaaive said amptiontss. 71 72 9.ATTORNEY REVIEW:The respective atkancys/be the Parties may approve,disapprove,remake modifications to 73 this Contact,ether than stated Pezthaee Pries,within Eve(5)Daisies Days after die Dale of Acceptance.DIM:crowd 74 or modifador of this Contract shall not be based solely upon steed Purchase Prim. Any notice of diseppruval or 75 proposed modiftceticef*)by"whiny obeli be in writing.If wailten nodal Is not served within the dam spedlied.this 76 provider dual be deemed waived by the Parties and this Contract abet)remain in fill force and affect.If prior to 77 the tapirs/des of ten(li)Imam Days after Data et Acceptance.written agreement la aat reached by tignerneins 78 with respect to resolution of proposed mad' Cadets,thee this Cootrad shall be sun and raid. 79 80 lQ PROPRECRONAL If(SpSCCION& Bayer may secure at Bayer's expense (unless othawlse provided by 81 gavemmaatrl )a home,radon.envie 1. lead.besed paint aadke Icatthiscd paint bamods(velem 82 separately .and/or wood detrnyleg insect inhibition inrpecdoom of said Real Tiled,by nae or mom homed 83 or candid impaction aervi wn.mr that save written seders upon afar or Seller's meaner of aqy defects 84 &closed by the inspect tem which are unacceptable to Beyer.tem V&a copy of the pushiest mom of the 85 reportts)with*five(5)Dodgem Days(tea(10)calendar:days for a leadbased papas take 1cs4 based paint.bated 86 i c come)alfa Date of Acoepaee.bt written aatiea h not*erred within the Om ;pealed,this provision shall be 87 deemed wail by the Partiesaad tide Contract shall remain in fel!&ace ead effect.If prier to the 4sPirsben of 88 tent(10)achene nays ager Drs of Acceptaace,weiftan agr.snsat is rot embed by the%tales with respect to 89 resehrdar of iaepted.n.Nana,thun this Contract shall be Ball and volt.Theo fla erdon shed curerz 90 wfor components of the Real Beare,including berg not limited to,aural batting,aysteu =teal coarts8 srdonEll. 91 plumbing end well system,el:m wt note*, eel:,wails windows.exafa% floor*.appliance,and foundation.A myon 92. component shag be deemed to be in opeeratisg a ifitperfoewstbc function for which it is Wended.d.segadsss of 93 age„sad does not cons irate a threat to health or safety.The that that it thnetiontog component may be at the end of its 94 mesh'lith shall sot sander such component dative for the purpose of this paengt.pb. Bayer skail laterality Sdrt 95 and held Saar braless fawn and*daftarzy lossordamage aided by the ads eras l- am of Buyer or"try person96 Pafenning sdoaca.Bei agrees miser repairs sad nada."phipsaaae Items are net part of this 997 ee nal genet'!, linden mitiumioaispesfosi edSettertths11Mforeratan. 100 Disclosure(ace pap 11).lids Contract is condole=upon r_ ,: r. ee ells 101 (accept for maim of tide ,. •• s ,. control)ger or befvrc 20 102 -Iktyrnistital . - B, a Arabi £Si &Alar! Seller Mimi r<5.Address a Citmep wait,. iv Tails, . . _ Page 2 �� age ��'"fN3'"•' .i 14moi l SAY � �laitistl�+lJeS - 149IpS -S'S l3s1> +l S — Jo aopsslaa({ 'R3 tq Palmitin alaR rP am* ainRapitai Pas saomnava - , • ZSt Jo Q taF A4 Pam asrgomd Jo iglu aatsdersprd 3390 s0 MEOW n.g 3a .. )a t saAtr*a a0 amps 11'smtng QI apuatd pa=scud al rigs att ARK imp sapspl o0 2903 •- , •+ 051 -smeis god 6ldds klofl!eP Iis+w.IPPS Psi' 9dds ds �Cgadau+d ..,.,: ..,.- . geld P9wP dg+ 601 ss 9091 91PS sswq pursssp a3 PPP 10009dsaay p gra stg msq . 991a3 lea t' n (a) sot tts to3 Paas Wit,os raRsd -'' • asp ossopd psasa�sos gasatssssts 6pl P Pa!"ai pw ar3P ',cabs tle xi;ammiodeua4 amp van(q) POI • Pog goo‘91103 ..,. - ,, . 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OZi of"Plod 133 "OM Psia'tbpssug 4tsw ts!g4s o)aPwad a!ronaola a agues m Mow sss�feg , 611 (£)sti3 411443 awlag 4991 OM MPS loggolloo sq a P°os wood gag m um= - `0‘924 9192 29 1Ct I soda Miaow 6aaots.assgamd r Ida=II4e►sops.+sip xs1no IMMO 103311 eSte > J szmaooid mit L i t ssa og stip 2.61)(40 449 991.11`aaspdos fog Oogdo s.9PS s►MPS d1' - s.tai%3o Sas°P 911 itypt r ata asp 19 psss!3!PeO0 di usoy asp 4aeato sats Rdas9s»d syrs da " alp top►aoaspsoaos ursaaagrmmoo SII 9001g supugo woom.111142gOwod spa do=BM=&WO*sip. aaaeq 03 Pma.P a4[pip AVMS wino tou Pi PoPglgo 3a loop gyps Slog ap sods 298190D3. gs3H»awoO)43A'it rdlr eass„i si Ppi.oad £11 aspsssano sopsa-saas,P.psae 03a04 WV lit*psoas tl" • '', • TA Pow Laawztgssos sPP Po*aunt o3 pmwp Zt t p9 VIP arglS'pstiPeds seep sqs 11+1 - • • 11119911999 wool glsw oprsge si AMMO ds aolios' WWM t t t di'PtOA pas App 114 119111:94003 qip - ' engs e4$num Ag1PS a;saps'1103$1 watts parP91919949 QI t spot pns upesgo to sEgss rt*to mods inns sp mg-pat lids Sawn ); 7mpstra ops aapw►'1 '$Q 6601 JO Sas ns 9mooaq At, • 07 mom`aaaasdaxis d0 wird sage sasa 99199(c).&l 91E4 rooms 801 taro[uastpx 4444 s n:. (•£r tides a `11Pogg 10) iu 3I)(St 41109M30d Vtivai Lot as=Pot A4 = - . sir Suysop pas sag 119s939d.lastacoss Pas leas Vaps9yddit 3o sou ops.ird(tsys.9+196 got lemma art p.� pa=9.iou asr4od stwoos9 onus 94 uogra iNpo swot Aid usgs saxtrae;•smut sot sot a P919, os:s'googol gad%parvo sot gsyc Cala. lddss.a'49 PPR)MI ssaziuy 441,tai trot • 101 98 39S►d *4I1tiAtOx2i 1.31NIS 8L.8Z tab 2E=14 OTOULVEO 03/27/2010 04:30 8474262979 sitFEf EXCAVATING PAM 07 154 _ • • - - 155 (d) i4 the event ikedocs+�meats end infeamatioe provided by Seller to Buyer t>sctose that the cc.; , •• 1-56 are In*Maim of math*tales.*Oakes or other restrictions or that the tams •,r. :nos eoatai ed 157 within the dee:toaus smut tonaeonably markt Bayer's use of the .. - or wtuld result is increased 158 Romig obligations aoece ptebk to Buyer is eomeadoo .;.: . ,....., the Beat 1=ala , thea Layer may 159 drakes this Contract tall aid veld by r• seri,wttbhtfre(3).11tratnw Darya afar the 160 receipt re tells ddaaaaaaia tad • „ • by Paragraph 14(e),bided those-deddaseia which 161 are ease eeptabk to •. ,, - ;•- seam is trot served within the bate specific:4,Hoyer shalt be deemed 162 ae hove •" . - ,,and thds Obstruct-MAI metals k fed three end ditto. 163 (c) .c- be obligati to provide a eeedo:Mei ns survey. 165 166 15. TRij, DEED: Seller shall convey or cense to be conveyed to Buyer or Buyer's drsl wed gtantee good sod 167 truth able We to the Ree1Estate by re cacdable general Wamoty Deed,with wase of homestead tight:.(or the 168 appropriate deed it tide is in bust or in it estate),sod with tial mate transfer stamps is be paid by Seller(team 169 oe'crwise dcniged rd by keel oniatnae).T3t1 a when conveyed will be good end=nameable.subject only has peaerat 170 real estate taxes not duo and payable at the lime of acting.covenant,.condidoes.and restrictions emceed.bulldiatit 171 limas and caacmeate,if soy,so keg es they do not interfere with the easw use std enjoyment of the-Real Estate. 172 173 16.TITLEs At Scikr's expense.Seller will deliver or mase to be delivered to Buyer or Boyar`s Meow within 174 castamary•time liaitaeimis and milickady in advance of Closing as evidence of tide in Seller.or Gruner,a tills 175 tormisment for an ALTA tide iansemece policy a the amount of the Paehase Price with mended cove:age by a title 176 company liomsod rQ opentt a in tree Sete of Minais,issued on or anter haat to the Date of Acceptant.subject only to 177 items listed ill PussiePh IS.The mgsusemeapt of providieg extended tamer shall sot apply if*Rat Estate-is woe* 173 land.The ecnowitniest for tide inane=thorisbed by Shcc..ib be cos ebsabve widen=of good aa¢zaacbaantehla Baia 179 es therein shown,subject ally-to the exceptions thet3o stated.If the tide Goanititnient tackler eapamitted mops, 180 or if the Piet of Survey shows say encroackocats With are not fceeptable to Boyer:hes Stilt,shall hens said 181 ereeptioss err ammatrimesb semioved.or have-the tide leaner cow brine=against loss Or dinar that may be 182 caused by seek ateeptkes or ecaeadtnnemta.If Seller fails to leave unpmeined a tepee s watvid.or els casted over 183 prior to Clerk&Buyer may elect m take the tide as it thea is.with the right to dedna fees the Porehase Prise paler 184 eooarebcmwes oft ds>: ite cir Odeettabrable aioaet Seller shalt Srcarok Buyer at Posing an Affidavit Cf-•1ide covering. 185 the dote of Cueing,and shell:ammo other ea aayfgcros tequized toriiasance o'er ALTA hasureme a Policy. 186 187 17.PLAT OF SURVEY:Not less duan one(1)amine!!Day prior to Chang,except Aare the Real Estate is s 188 coadomcaima(see Paragraph 14)Sellar shat at•Sellet's eapeene,furnish to Beyer drawees atoocmey a list of Surrey 189 dated sot moor than Or(6)maths prior to the elite.of Cosi .plepatod by:ea Moira Peofe siunsl Land Surveyor, 190 showing any matrechn rob,untinnalleter of all lot lines,alt awcznises of towed.tears*let book lines of record, 191 fences,all t,aiidiscgs and other ihopro emmyts en Bae*tad&tabs and dtsasnee therefrom to the mama tau lot lima..!. 192 .daioa4 the survey to bs provided shall be a baoade y erevey!anthem**to document requirements of the apptopdale 193 state ngahtory asghothy.The mesyeysbell Maw sit corsera ateload.Bagged,or odhe wits tsergsomIed.The survey.shah 194 have the folkway ssademeat pecmdmaatly.mown*nal the professional lead surveyor sed and sielsetsrs:"this 195 par is oral service enefoom to the mount lanais risks=ssaadards 160 a batmday survey".A Mortpyte.Enema:ios, 196 as deS ed,is nota boaedeay sassy.and is mot aeapeabia. 197 198 .18,ESCRQtif(CLOSING:At the edeetiaa of either Pansy,not Ins thea five(S)$redoes*Days prior at,the Closing this 199 sae shell be closed ibroegh.as escrow with the Inuring imitation or the tins company in accordance with the provisions 200 *fife anal i -of Dead and Mussy Escrow Apneemaet,ie agreed apoo betwaes the Pities,with provision lotted 201 in the Escrow Ago:meaot as way be reapthad to outfox with ties Comcast.2b4 coat of the esaow stall berm by the 202 Party regnecding the escrow. If tis mameaaran is a cash pinches*(no mortis fe is seemed by Buyer).the Parties stat! 203 that the tide company escrow dosing the equally. 204 Buyer initial S� Buyer Initial .S' Seiler initial Silk initial_ Address . a1t.9i lar.h 4t i— . s*sake eh;.. .1l1,Lhe:>l saga vrstri -•:yrP' t+`# VIts *WV Imam/*EPS ?tX1N1"THOS 111 daialg s:s mawTl+NB siq► Saigon par'massa"'among p rasodmd aq;saamiP+s sq Mali animals ailast 3: 'Lz fsZ ZSZ "AR) )Yd 00:9 as WV wit s.Pa92P such etaalsafl ISZ 'sd+P!!oq CsswDs3 Sagpapia'IMwa QST AMY(a Pan:"171',+0=MOW&mu/10h stigma 7L 0SZ 6PZ 'Pspaasie 'K61 Ja*V liamilianuil asrasopsag a0aa31AY rW Pe alma Vilm zuj i[ amp taxi .s Sat KgseSddm 3a spamaatlnboa**Mhz*Vo r Maw am m a,'J. az poldassoam pas sass pow' 'Via aura aqua VP asap, usu sons .ga m in Mnbld*naiad POPO!Pm 2111261"0/64'MIK(tin Op)110.4P4 al MMS21.md of JO* i+Z Rktadat4 raosod Pas sassav'masa Rall,sip samba ae RAJ asp OMR um Amino wolssaasod*smog suadxs taR+s tpz a masa halt ow torn l a man sq was+oa6 ba Wa+aaoa sq a+sou Xf lana A4ad amuse!Ass saw itW vompeoo ZtZ • laoaal a auna Pall aqs imm e3 e414224 Afp5 tifoiaaasidtab2V az.vi ti v3il Tinibtikixtoa'Z rpg viz xrs lissi of s,asseq.asj;Wisp 4714+A t mass;eat ara'aa ssoi'cap Jo aapnPsgsp sup ales a Er .s 11[J4 a papaw! sot'sit trap&wassa lam apai appasmoduqou vasa*mi mpg-psalms La sass arca ward paaabaa a9 woos m3 tsaasaoaao'da!Isla Jo:assay tsar aqi as wan mrpaesri An Vaal mggad 9£Z aq dq smogs sass Mums jo saw ao sm 'agladgp salt dnpsaaq p*wag as slit aoSS amp sp atudat fEt mpg sirs taw Far la*Iii 111 share'PPq*Mama 1PP Pas+MRda apes 0411.11111*MN w P.o.PP W IP, va u ta Inial 01 aaaPiga)1111 Iamaa W+i MPs&MOO•a OAR^m asq+naV P aWi AV. 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P 01 Z a40so as sawarap P@ aaa$as armarmaq carte imps oa spaaud seal Taws tallow so p comp ail p gam 60z ■ue atga,Ca l a0nmusud dose so pasts nopsmaQnoo asp p:spsamoad ap qua sa pais'i aCtuoap so PAF w suss HUZ tErs s p *ao(Alma,'aria Jo TAW s 9et•s�+pa.)maraa *an 8agttma ssaPp 3a aopdo sap awu! LOZ 11'47 wale Tim'sOAromsoPam'C4 a'R►'!mars Pat d ra'Alraeo s>1P 'o'V IS a rs'sP AuncemimAoracump 90t sq II+3s gra ran MO vamp*ipjo kompp w saad ;agagrflio.L aoil>la'Mkt TY1)I O.L tavarvu 11" cot 80 39ed 9NIIVAVX3 yetS BL8Z9Z*OB 06:00 BtOL/LZ/E0 83/27/2818 64:30 84742621370 SIM£T DCCAVATIts3 PACE B9 255 is every inmtee,here this Contact-stall be dewed null and void or if this 256 Contract maybe tennimild byettteer Patty,the following shall be deemed iaeaporated:"orad earnest atcuey refimded to 257 Boyar epee wrtoan direction ofthe Patios ser Escrowee coupes may of an order by a motto(competent jtaiedictio '. 258 259 37.ND fl A8 Notices,earnest ser provided otherwise in Perseraph.31(C)(2).shall ho la waiting and shall be served 260 by an Party or snowy to the other Party or moony.Notice to any ono of a ndtiplc parson Party shall be sufficient 261 Notice to all Notice shall be giveri m►the t/loom Mamie: 262 (a) By Penang'delivery of such Motion or 263 (b)By main of snob Notice to the addnmes recited.Mein by regale mal and by certified meal,alum receipt 264 requested.Swept as otherwise provided herein.Notice served by certified mail shall be effective on the date of 265 mallow or 266 (4) By seeding 5tesieile t ainsuas+o.Notion shall be effective es of date and time of facsimile jt talion, 267 provided the the Nodes nettemtaei.httl be sent on Business Days daring Business Rohs.In the event fine 268 Notice is trimmined dating ton4neintss hoon,.the c$ectise.date sodtimed'Notice is the feta hour of the next 269 Balinese Day oiler maim;or 270 (d)By seeing email Imostainion.Notice shall be effective as edam and time of email mos,provided 271 that the Notice Innsmitted shall be seat daring Besiege Hours,sad provided tether**the recipient provides 272 'Allem athenadedipaseot to the mode of tsotipt of the taaetadasion(by neon.•thesienle,saga n mail or 273 voam en:iel overnight delivery). In the mess e-mail Notice is Henault ted daring nom-baaimeas hours, the 274 effective date and time of Notice Is the&stllouc of the mon Beams Day aAtxttmasmission;or 275 (e) By cosamertaal overnight delivery(erg,.Pedtht). Suck Notice shall be effective oa the neat Business Day 276 fallowing deposit with the overnight dehvety 0000r. 277 271 2L Y€RPO M NC tTI weber the eeemes sof tie Cutraet.Ir ray action with rupees to this Coat.the Potties 279 are dee to passer any legal remedies at low or la equity 280 Theses 281 shall be no al msemtat of amen mossy palms Paesrawee bas beta provided trigsen spanned from Seller and Bayer. 282 Aliment an egreemeat illative to the disbursetate of eeriest money ostia a temOttabie period of time,Bscaysttee may 283 deposit fonds with the Clerk of the timilt Omit by the Ming of as action lathe tame of ine:pleardery Fscaovses shall 284 be rehabetned from.theearnest motley fait all owe,including teemomble attorney fere.rested to the Owet e 285 imetpleader action Sella sod Bayer shall Wanly and bold taotewee henget;frogs aop sad ill conflicting claims 286 sad demeads ordains staleraids peregtaph. 217 28$ 32,SeefagaUltymuggaumnk All tem and week=of this Contact including,bol pot Snaked to.the 289 Attorney Review.aad Psohnimiallitspectionparppaphs,.shall be p;oscmed by the laws of the State of shines' and ate 2290 90 subject to the cowmen offload Smith and Air doh*implied in all IIliec is ee tractt. 292 42,OT*L1ROVI This Canonici is oda subject to those OPTIONAL PROVISIONS elected far-psc sod 293 initialed sheYsties which are eooedn�ed in the fellgwing sod ettahgoe ,if.any lbw Maker ow Berl 294 resin y 4e.eke.'Bala 4 sli� �.lily J I Ill.a iL 1.111 lb horde? 295 ;t.4,p,r w••rtes m q�ttyy} • •sass h+tn�al. 296 TIM OPTIONAL!lam ION$APPLY ONLY IPTPTALED BV ALL'PAR7US 297 298 31,SALE OF$QYSR*8 RL4L STATE; 299 —Initials — 300 (A)BI PBESEN'YAnONSADOVT taIYWS RT,iL JZrA=hhrysr Wawa*to Wet as follow 301 (1) Buyer vim tee come e oslyl wweas(aaaaX 302 303 (2) Buyer kiosk a b..{Q has cot a amdipl has a contact to silsaid nal seta.lfSayer Asa entad into a comma to 304 sail said rel.slur,that contact305 (t) (shackoMf la ha ismasa**fa amgrttaBaaoffdoliwc7r• Btyerhsitial ..S Buyer Initial Seilrlairid Seiler Initial 61 __ Address_ - sin rma 6 t'►liar&e Vail. er%lE AW> ` • 03/27/2010 84:30 047426287e SIMtEf EXCAVATING PAS la 306 (b) Aforth Owl 1 e eataa Ic*to a rad*sten r esten ecy. • bra 307 ' (c) t �' ie Not=Wen to a nail abdsdialog cotmo-agcy. 308 (3) Buyer l ast4P hula bas not listed aid real estate tor ads with a1iagaad mal arae bather tad in a toad 309 muhhpisfslmgsawice 310 (4) Iff lure's ted seta is satliaad forgets with a licensed real ratan tactor and It:kcal molt di Hades sorvw.. 311 Secy r'dwtthmei 312 (s)ter Bird bet said rest asI1e for sae wins a licensed eat eneee broker wee will place it in a scat melds lien e 313 service whims five(3)Bssiowe Days Andre Date of Aeaepasoa 314 pa ia[ctmatioe only:Bather: 315 {�s Addteett !bona _ 316 (b)Ng Does tot ialsadb 1st Beide&eaten for rata 318317 ( CONTINGiDicl>rti BAUD UPON SAILAND/O9 CLCSM O3'3AIYER%llY4LL=TAT (1) This Ctdsrad is eoeaoipast*pea 3krlrar bevieg entered iota a cow=lir the sae wase that is is fat/force 319 sod drat m at die Connect V_=dee la served se or loitered,*thee set terns la ale srloperagreph a 20 -- .5*dr contact and p ovide for a ebsthe dnte race We dna the Clea bit 3321 Bayer ll Data est fords aed QalKt n Grlba salt erboYete rad qrtatet,Mie[Caatsact*al I*onE and =item 322 soles foss Bayer Ass mat wowed a eaaaact far the eats of ltyar's rad nuk to mat moved as.sr ydwe the dab 323 324et badmen ea the date ad firth is WswbrbapraPA,7gcr'ban be deeded so bare waited all seedag.uiw oenteheed be die Paragrideb 31,seed file C,uU%d stat[read le fit foto tai duct(lf'bie perasrapb Y and.tion 325 thefoHowieg pesagrayb Mast.%conyleteet) 326 (2) In theInertBaayee las oda* a awned for the sale of dittoes eat aaaate rsotEvade in Posptaph 31 (i)ted that 327 caw=is in Ned force aaledect.at have aerated into a eaitrd for of Buyer's reelect=prior to the a wed=of tSi 328 mot this oCredr+et is coating= aped Hater dos* the sale of payer's reed assesses re or before 329 330 awed Were she does of b valves e.tie Detshtts Bey that after tad AN dated lkaseisd rediaSere,cart ONO Me 331 Caner !shatlhemartandasid.11=Wonme=lastell described tnaddieg�Berweballbe 332 deemed to have waked alltea atoreias sestotaad la this Psragnapb 31,ad&is Cambia*di reside*fill fame 333 add Matt 334 (3) V**want=Orr the eek d ley ser real smote is motioned foray casae otbe the tide en fad is Pmsgenth 31(B)(1) 335 (or oder tie dale of this Can=it dao dwell set fad in tengeaph 31 10)(1)).Beyer doll.**Wens p)Betimes lays 336 or wale etem6th4ea,sour Qdlr of seed termmatios Wen Baeyer,as pert et said settee,waives M eadinyaari.to 337 Paragraph 31 wed peep's with?amass tb 31(p),shit Ce treat vital he mil and',Odd to ed de 1st of auks.V 338 *rabies rules.ane as utM M ills tuiparapapk be toe derv=wade the tiro jNcthwi.Beie rads Si to&Wit 339 enders eteress:eerie Ceserwet. 340 (C)sitaaers 1113691'TO efidr9R11 TOOMR VIAL NISTA?!PDX LUX Dyeing de tae of this imriagesey.SOOar 341 h.*tat*to comb=a showtiseltediyute led e0at it for ndoabjose todrl6gawiog; 342 (t) It Sean.eetnpa seeder hate Bio offer lemon=tip 1w Teases while thea egooes aaptwad io abpragnspb(B) 343 els s effect.Sellar ALB act* Deyerik tsrisioj onsets tlaytr dal that Saxe hoists ads(War diver sesdr 344 344 nedoeteweivct ecaatiegtaeiesw totihi.Pa pb3t(B),1>egjaatsPaugssph31 W). (2) Seiler',sufea to]fayre(anarwatb' riferrd at as a Niels..oaf'vane)site be tarred atm Bnyr,mot 3lairer s- 346 =caw or DegM'a sad swath asst.Coatssy copies of each"kiojr-ooi!'inial Amid be east to soya:simony Sad 348347 reel wave maw dlaorta palm*to provide mob'cow**copies sloe alit nada.twins invalid.Bodeen say eta of a >ae>dplaper m Beyer shall be therniest trades to age%yam/taboo fat de paapass of this sabpasgnpk only shill be 349 =redeem Buyer m=Mowing s annen 350351 (a) By pasted delivery easels tonics Andre st the titre and daft et personal defivay;a (b) By ariliag of seek aetiee to the.addresses reek tri lesede for Brtlet by Rolm mar3 and by certified mA Vence 353352 served by water d sal doll certified%ea l bethane at WOO A1A 1 ea the wanting of the second day fallowing deposit of notice a:MS.16k or 354 (c) By oomssrtriai weemight delivey.(Ng.,fedE.).Soso sods shad be effeadve epos delivery er st 4:00 P.M two 355 *aeon the ova d&Beery day following deposit with tkeovereightivtoy easepe ty.whatever hast nays. 356 (3) if Heyer complies die!pcvitioeaofltrageepb31(D)don*ie Cowart stun mould tofo rata,Orddfam. 357 (4) If the eqadetstociat tet 16rit in Paragraph 31 (8)or.NOT waived is wanting wide*mid time pared by Bayer.this 352 ammo 359 (5) 1=iaepe'as provided it sebteetkat to slebpsrsepspk(C)(2)above.ads non=shall be made to the mann provided by Meer .s aver lidskdSeAttrtatirial • _Selerlosdiad fi Page7 ISM 71,' lomula1PS 1 RMPS $5' logs++llsOsEI 5,.f anlml asbOlg '.'shag a Prato)*sl bas swam 09 Al pala•conceal saPsao aa0d!!PPIr lug=Ps pelmusalnt•s PuluoJ 1PP ma PIP 'ow mem*San P I29441ds0919$02/109999211 70000 lagsod*OA TOT ue'4oc is Pam*sitoss 9130-15p9IP 7eaa UP *OMB torsM, soli/sr s fep[PemuP Two tq 11 PIP PaP!aoed_oPoa_ ci Mad*miss PPa A4 Poops" P j°sops Z I P Aar Amos Pm-poor mops os Desoto]Now'+d0+d 01 as aorta Lams islopdoo Por Asktos awn Pu I It 1101'` 110 91,111'sa!aO>;7 91 sort step(04)tiom*asp aim fou PMRpR'•',madam zgds•Pas IMu wawa!s WalraFillasad 01p 411'A lti7asaLO p•*aa311=loaasdad OMB AOtw°I$T1 tdd=aS cos solo win=salpos(0001 VH12104 Mu Psal 60► Pas)u•s asap Pus*song s sas•Pafgal pul apss!a 28.1221991 jo 2091192(s)asg nos 20212C21_sP Gam 994 mP 144'4$Int/•sew 8 1la�=moth*s.rstps sr otspo t@s!s ieisS Loy %Ma p*•earl WO s;Ovum'IMF 0.41•10 alp logo bop i*fvssd's L!P olsr POM..,N 1191P sml1Aad IPP'MsYfnds asap**p trap►Psuaq Ma N*Olio Solas 11 poo Put s*= My 411 sew pxspoo3.121 apallpolsas*gop mops alas n oven so/lis os 214 taco ioa*Iliesa*fq*aray snaVai 191"moo M eft ▪ u assspmoos•4sr! or imps pa=oloposog imam Ztp xy mamma=.w1la•n=summits arae so oloPoo 5 rosiao3 sf93. 7Mri a 7Q>aLHI 71 • 101, -- OOP *PAsdOoor 66E as Amdoil•sp P oagfpmo=Par rout+sP sMs aaoa{W'son 4/Pae pow&am%Wald"P p voscooa a+baa aim 86E ep Woos lm or 959rlasm 2103 Poi MIR salaa*alis ma!fifes p*sdapna so4rn Mu Bosom n*ssrwdeq•p aft= L6€ s•Imcna s¢ostaxs■p of is Ph!=214 oofss4mk Polloadds 44I.77af 99199 F»7l9o0 els P=alas$03%P'OO"IOWA VILIF OJ 96E asp masacma+sPaIND 71y*loymoit p'9949 perolloSoo. f+ PCs acssO- %mp sof S6£ amp Ow)ssrma lo0gv,4 finial NIP 99199 Psaod4e 124 IMF 1:_sinlisMsno3 s tWM!NO£q b6£ mom= Lesowassobas yam=!s!s►rowPiaxr o 'SAd smog n!Wog sopa nous***o ossoxfos Liam mon P £6E einsup 3'199 41pred sosa4 M a lain psgnasP 4ao sop orospool Boomplozooa l.9*at sem psis aroma's v Z6E 'PP Jo Wsf1'asl"OD Al °o sq Poufs*masa a 991 K 1aa+sa*3+Pt M Y'lsoso=sq sa0 Aasotl i VA f 6( +a vim l a4*`at vo'Ootf puma as souas Vow j L4 Ps!46os s`is*ads 0e-at10O9a •}s 1*uPs Lad so*NAM MPS!'Imamswo) 06£ a wits= l 01 lappa aq xis segr '.S rapt Por P ti Ag id sq slop*(�)wpm,/iimamasss<+on 110 6!E tir8dPsoNed*Pad 04 VARS,Mem*flip p spIsm=• op*/KPop**wo9QigvaPipaotdto8$£ •q1 bas!awls Hiss''+osasOH IYHa)aopup!!*rPY!oma feaPad R 20(vi)s+oas+o'!0!OPV 19920I9A A A4 Palalmep L8£ es vows soaps P mina p•eaed*so spa's**o!on9 glwy 1n sued 000sp aa-N s a w=arn*14<oononues Rnr"OH 98E maw/deem BNa=olspoid>!9l9orasng vim els VA some sA}29129E is Usec 8£ wog*loop podso4sstoo coJorisive 029012 8ittl)996suNaas■ £EE ao ioaeoew aP ossa*q•eloalos3 s•wfP**Susi els 9,412!3 P sioRsd a!saa alysoaoso asp At imps*aio primp finis pawn at $SE Ito)ay;}eRmapolso tut AS ap wood of lot sols Mao vaLog os Pled sq poop twos eg}as mom 1Mu Abeam mom sq 1899 to pus mast's 1fY•Woos/,/Lq ptrarksip ao!r!I—,ta!aa*Ptl s 10 moms town iisaom paws$teapas s est Pty aq Mu p8E �(e 1.440* prop 6-b ver *VIA)Mom ss**+rd;ixn6u►O)1IIvrs a 1! 6LE SLE • saiS0l s LLE akoa as *pap a owls nips •yams/ augers osis w nooses* Amos wpm 9s* A Pea ''*maws sssslo.psg 9LE pw 1'41]8 a4i Aso A095 ao.Pa goes lnm.d Pva4 f."c*e PirAcua ;..Lsoa a. 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WIDEN $li GPfED BY ALL 171 172 The Parous teprmcacthat tort of this than has an ban altered and is idmticai to the official Mtdti-Board Residmtiai 173 Real Esta Canna 4 0. 174 20 to 242 176 0 4. DATE OF At TErrA1 Ct BuyerSignatrae Low t7r ataris r 178 179 Bayer StgnawR - S_ _ - , 0" , 181 F * yes But ods)jX'ue'e•S/ s . -. . _� Cl f.' Jri jti..> AVP ialresa WOO is4 20. 183 _ is IL 40120 . 1� pl,poe) 931-5653 StateZfp ZIP 189 4 1188 ' /1. P _ , y ) '; ' r *MAW , Wry- t�I n 190.'^-.. • ��� ti. .4444' y)` 3 `1 191 l'[• ikl t � tit•lie�, a , f 192 4i1,1•,. Jr.. rr' p 1 ' " lialikiio !3.tfr :f(l/'(,11,.9'2°,. �rr/k'it+'Tr ZIP ",. •d 195 494 •113M70 l; Efr} tl,_ . !,r -.3;7111111-' M 1.! ' r.� ': iii; 1 196 - ash197 •75%.!=i, 1. • b alecitynfsiln.o _ 11999 � 71,931-5657 !8471 931.-5145 Sellers � Edi" MaFax 501 alA haPbDne *7' ngage Company poser Hoastowntet o ado Asroaati a(if at�i) Fame 44 Loss Fax issaagesiteatCaA3thos testate' ynane 505 506 02704.Masi.Roof Ewa*Loryaa Anodraion.AR sib rraerve&tTasdhO+ind&gle ica or awoke of this farm or toy 507 veru ttrmeaf is pcotdhasd. Official fora.svai+abk at lovow.msa,w.o g(nab sit*of Rtesa Rid BOW Lar+Yaa Aswcitios). 303 509 Awad Dirme f inwtbtg wgarisodoes Meow 2O 310 !Naas Itarl tams Ltrryon Association. lairosa7ti-Only Asrailatioe of TRIALT0RS Ommo Ama son'of aEALVAISt 511 DoPtn Carob BrsAaaodiinn.Karr Comedy Ray Amplifies.Lake County Rat_AseodatiON axed?A*aooiatice d 512 REALTORS'.Horeb Shore-Bankston Arsootion of PEALTOast Nesthivaciabiatas Bar Asaccl iim..Oak Pith gavel of 513 BSALloitt'.REALTO$'Association of the Paz Volley,REALTOR.Ass of the Norebwst ebiopol as REAL' S14 Assodmtine of Wss oath Suburbia Cldt*golsod.lime kivas Asso+satioa atR7 EAL1ORSm,West Tow=Board of REALTORS" 515 516 517 518 519 520-altar Rejections This offs was prraeaaad to Sega m_ at Wo PM` 521, sstdstetted oa_ 20 at-,,, ____JA.MtPM _ 522 (Sella inial) ('Sdie nitiats) 523 PDV Version 4.0.2-5/2/06 Boyer kris o1 S'$ ,Buyer Initial- Seller Initial Seller!scilla! 00 _ '�° :...�.� ' ' two tAr:ae v Slknsd. �1► itliw�:+ �� _ Page 10 83./27/2818 84:38 8474262878 SINN EXCAVATING PAGE 14 • Limy Status Disclosure 524 525 =- - - 576 CurrentAttires= 527 mr+a addles Carve Town Stets bp 5 gods530 Purchase Price dotter/mount prequel/Jed,pis•apgrnwaa.or approved tor: 531 $ .loan Amount$. with a total monthly payment not to 532 snowed$ 533 534 The arrant status of prequallOcerion or apo ivaton status of the Oorrowendbuyensis 535 536 f{'f rrequal[ftatt[ap.WImOUT credit review*: 537 The bormwaealbuyae Med on Mb form hens ESQ011tED with our Inn abort Snar>ainp to• - a horn and tAa . 538 doasnencation they provided re0wd na income and door payment iuisbern revie4.6 try • ditgrnator Med 539 beton,.tie fire opinion of sekt banMOW=that the hamwvetdbuyats rrboddfwould• - " + tie terms spited in the 540 Weeded leder. 541 542 IrrProjaalificatkre,WITH aunt review*: 543 The borrowers/buyers tided on tris tone hove WWID with our brat about . •to purchase a horns and the 544 d!samen obon of inonutre•dome payment*ed or more have been •by Ste bars originator Mated below.Atter 545 caiiA+i review•itis tun opinion of and ban artpheator hurt the•• • •. tould/wo id qua:*for the terms fisted 546 in ire attached leiter. .547 The Ptttgua+tteceMon bit wax WRIWITROUT Adomated • • +approval 548 549[rTpre-Apprev'[as 550 The bolrowetalbuyas htew ATPLiiiD with our Ann fora •-bars to puiahase.a home and the loan&polc ri 551 hes been approved by an Parioinatld Un4ss i np` . •ar aoaeptad by FNMA..FHU ,14UD Or iiiiiktrkalti 552 recognized ed of loans,and a onal commitment has been issued.See attached 553 554 - 555 ( Appsovsl`: 556 . barpgwerwbuyIra haw APPLE itwtih• - inn for a martpept loan to pitehase a hone and rte loan application 557 hes been reviewed by the actual larders and condtre tonsf commitment e bean issued.See ataohsd 558commitment 559 560 'Rasa menthe noting.•• -' Constitutes a loan commitment or guarantee of Sunning and is used for 551 disclosure purposes ony:Sea -• cornrrdtn:Intletsrd%weak acreliktisfrequirententsornansfreqtktienWof die ten .Al approves 5562 ora eublect to aaMetactovy tip- • tier,and no instate change to barometer)ananciai stabs. 564 1::•-ill:4:1 1!.i!. t'4;'..4 .=l t.• J '.l__ lL1 1'.'.i ,ice •'1• 1!1• 565 566 5c567 or(gNwbrp • • *Name: �6y sew milldams City*flaw 8LM $Cedr 570 • • • • 571 572 •.'•. • aramie �10lag.i Dale: 573 574 fhyinaia+.*plebs : - 575 576 Use Recommended by:7A'1fiE:MAR;aDd MIA Rev I/24/04 Ruyt{rinited XS Dwyer Initil Sstfa•Initial Seller ln#fat Va' Address Mar. If .a Page 11 r 03!27/2910 84:30 84742&287a SS1N'ET EXCAVATING PAGE 15 LITERBIREKIRREALMAILMERALIMIRIEMLM Afp war CECACto sTREtT.BLUM.ILLINOIS 0123 This Rider to the teed estate contract is made and entered into by and between and the City of Elgin.Illinois, a mutmicipal corporation tiered to as the "Buyer") and National City Bank(hereinafter referred to as the"Sam"). WHEREAS,Bayer and Seller are concurrently with the entry into this Rider entering ieio a teal estate contract proving for the ask of 463 East Chicago Street,Elgin. Illinois 60123, from Seller to Buyer(mch property andell improvements thetvon is herein!er referred to as the "Real Estate"and such contract is hereinafter referred to as the'Subject Contract");and, WHEREAS,die parties.wish to set forth their fuatheragaematts between them regarding the sale elite Real Estate and incosporats this Rider into the Subject Contract. NOW,TORE,for and in consideration of the mutual vndataidngs;m the Subject Contract,the undertakings in this Rider,and other good and valuable consideration,the receipt and sufficiency of winch is hereby aekoowledged,die parties hereto agree as follows: I. Time is of the essence of the Subject Contact. 2. The Subject Contact is eacpressly subject to and contingent upon approval of the Subject Contract by the City Council of the City of Elgin. 3. The Subject Contract is expressly subject to and contingent upon an appraisal of the Regi Estate&Wing that the final negotiated Purchase Price for.the Real Estate meets the discount rsquirems is of the Neighborhood Stabilization Program(NSP)adatiuktend through the United States Dugs ofHousing and Urine Development(HUD). Pursuant to BUD reguktions in effect asof the Date of Oar.the.Ratti Estate nowt he purchased at discount of at least one percent(1%)edits current market-appraised value of the Real Estate. 4. The Subject Contract is expressly subject to end contingent upon (I) the foreclosure proceedings on the Real Estate having been completed,(2) the Real Estate being •vacant and unoccupied fors mien of ninety(90)days prier to the Date of Offer,and(3)she Real Estate remaining vacant and tmoccupied through the Closing. Seller shall complete sed execute the attached Seller's Occupancy Certification and return suck executed certification with the executed contract document*. S. The Subject Contract is expressly subject to and contingent upon the satisfactn' completion of an envaooznenmd review of t e Real Estate that meets the requirements set forth is 24 CFR Part i158. 6. If any of the conditions and/or contingencies contained in this Rider are not met or satisfied,then,upon written notice thereof from the Buyer to the Sellar.the Subject Contract shall be null and void,without liability to either Buyer or Seller. 193/27/2810 04:30 847422978 SIME7 DV-MATING PAGE 36 7: Venue for the resolution of mytis uses or the enforcement of any ruts arising out of or in connection with'the Subject Co ct Cr this Rid AIM be ii the Circuit Court of Ktme Canty,tfinois. L This Rider Is iaodtpotated inia end mads pert of the Subject Coney In the event of any oonflkt betweet(the terms of this Rider and the tests of the Subject Contract,the teams ofd Rider Ann control. Its WITNESS WHEREOF,Seller end Buyer have emend into sad executed this Rider to as of the dates entered below their signatures. s. BUYER: SELLER: CITY OF ELGIN NATIONAL crry BANK PNC Bank,NA Successor to National City.Bank By: '4 Br CRY Katherine Boskovttch,AVP Its: 4/4/ DATED: 2010 DATED ,2010 -2- PAGE 17 SINW—T EXCAVATING 03/27!2010 H4:30 8474262879 Vim,the s)ottO property locatedat. Llo g• ewlct��o EwiN li- borax Hereby certify that completed. Md thrt this ,pr operty is vacant and unoccupied and no moat has occupiedtproperty far a pesod of 00)days prior to the . dace of the offer to purchase, PNC Bank NA Sum to National CRY Bank Br. �_ ••��` i 13"-17C) its �thaclneh,AVP DATED; 2010 • STATE OF.O i•I I t7 COUNTY OF Cv in and for said County.in the Stade�ctsaid. do L the undersigned, a Notary Public be y y that kiglik » ►ase - 6121S Penang' "4.1',, ,'� w ____101/..'---_of C' '. to the for a COQ appeared before°" be the lame P acknowledged�t bel;be,ifoad �t"��the said,instrument as hiser - i> ed for the uses and purposes*mho set forth. filslbes 5+e and voluntary Given under my hand and oerscid mil,this. 5 day of 2010. /�- �1 / !%'...�� "�PR6I �•SF .Fr 4.'..?.0' I.,/j-1NANCY 0.1 `:•" �•.f Notary Public i ik._---:—.....f...." ----..%. ' '! -- '* Residence-Summit Coyote --..'t:' State taus jurisdiction.Olde e ay Commission Expires S�4TFrOF.''''' Feb.22,2014 3f 3383 This is to s see 108E A LEGALLY BfJOWG AGREEMENT (f NC. 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