Laserfiche WebLink
DocuSign Envelope ID:B6AD9789-9E00-4D4B-A4D2-BODECF42C8E5 <br /> A' D® <br /> A <br /> n L A 1� CONTRACT TO PURCHASE AGRICULTURAL LAND <br /> REALTORS®Land Institute <br /> Illinois Chapter <br /> THIS FORM OF AGREEMENT WHEN FILLED IN AND EXECUTED <br /> BY BOTH BUYER AND SELLER IS INTENDED TO BECOME A BINDING REAL ESTATE CONTRACT <br /> This agreement is entered into between: <br /> Seller(s) Phil Mayall,Trustee of the Ralph and Alice Mayall Trust <br /> Mailing Address 2 Dolls Park Rd Lafayette CA Zip 94549 <br /> and <br /> Buyer(s) City of Decatur <br /> Mailing Address Zip who <br /> Contract(s)to purchase the following described real estate commonly known as: Mayall Trust Farm-South 82.91 <br /> Parcel Identification Number(s): 13-09-400-006 <br /> and legally described as:_The West 1/2 of the Southeast 1/4 of Section 9,Township 19 North, Range 3 East of the Third Principal <br /> Meridian, situated in the County of DeWitt in the State of Illinois. <br /> (or see legal description attached) including any improvements, and the following listed fixtures located thereon: <br /> None <br /> (or see inventory attached)which shall be left in and upon said premises,subject to reasonable wear and tear. (the"Property") <br /> 1. CONTRACT SALES PRICE AND TERMS <br /> Purchase Price $ 1,435,000 <br /> or 82.91 taxable acres at$ 17,307.92 /acre $ <br /> Earnest Money Deposit $ 143.500 <br /> Balance Due at Closing subject to adjustments provided herein $ 1,291,500 <br /> 2. METHOD OF PAYMENT: (Check Applicable Statements) <br /> X A. Cash <br /> 13Fi <br /> Th;,.; Contrart ic; 901;fiRgeRt upon the ability of the SwyeF to obtaiR a G9FnFAitFAeRt f9F al; L==:�adjUStable Fate L==) <br /> 0 <br /> ,20_. If 6UGh a G9FnFnitMP--n1tis- 1n1n-t-r6e Obtained,this Gentrnat rhall h void an - - <br /> and iRteFe6t at the rate of0 <br /> SUGh G0Rtr2Gt. <br /> GeRtingenGy Sale <br /> -ORtFaGt shall be GentingeRt n the GIesiAs of thesale of the Se!Ws/Ba,er's real <br /> estate to OR OF befere 2g . is a � <br /> tQ re r,,-nh date in writing,theF; <br /> 3. CLOSING AND POSSESSION <br /> This Contract shall be closed on or before November 14 20 23 , or at such other time as may be mutually agreed in writing. <br /> Possession is subject to the right of any tenants in possession. The parties agree that possession of said property is to be delivered to <br /> Buyer on or before at closing ,20_. Seller will X or will not_, subject to tenant in possession <br /> rights, agree to allow Buyer the right,following fall harvesting,to enter the farm property for the purpose of performing land husbandry, <br /> customary tillage, application of fertilizer and lime,soil conservation practices and soil testing. <br /> 1 <br /> OO REALTORS®LAND I "UTE©ILLINOIS CHAPTER FOR THE USE OF MEMBERS ONLY—2022 <br /> i <br /> Seller's Initial PM Seller's Initials Buyer's Initial��Ir'ilw' Buyer's Initials <br /> U <br />