Laserfiche WebLink
together with all improvements thereon and the appurtenances and fixtures thereto belonging to <br /> Miracle Valley under the terms set forth in this Agreement. <br /> 3. City shall pay to Miracle Valley the sum of Eighty-Five Thousand Dollars ($85,000) <br /> for purchase of the Wood St. Property, together with all improvements thereon and the <br /> appurtenances and fixtures thereto, said monies to be paid to Miracle Valley at time of <br /> settlement. <br /> 4. In addition to the payment described above and subject to the terms and conditions of <br /> this Agreement, City shall transfer to Miracle Valley the premises in as-is condition, located at <br /> 1921 North Railroad Ave., Decatur, Illinois ("RR Property") and legally described as: <br /> Lot 6 in Block 5 of Enterprise Addition to the City of Decatur, as <br /> per Plat recorded in Book 149, page 71 of the Records in the <br /> Recorder's Office, situated in the County of Macon and State of <br /> Illinois, <br /> together with all improvements thereon and the appurtenances and fixtures thereto belonging to <br /> the City under the terms set forth in this Agreement. <br /> 5. Miracle Valley shall furnish to City a Commitment for an Owner's Title Insurance <br /> Policy insuring against defects in the merchantability of title up to the value of the purchase price <br /> set forth above for the Wood St. Property. The City shall provide to Miracle Valley in writing <br /> within a reasonable time after receipt of the Policy and prior to settlement, any objection it may <br /> have thereto. Miracle Valley shall have a reasonable time to cure any objection interfering with <br /> or impairing the merchantability of the title to said real estate. If Miracle Valley is unable to <br /> cure any such objection and Miracle Valley, at its sole expense, is unable to procure a title policy <br /> insuring over the same, then the City shall have the option of terminating this Agreement. This <br /> Agreement is expressly contingent upon Miracle Valley providing good and merchantable title to <br /> the Wood St. Property. <br /> 6. At settlement, Miracle Valley shall deliver to City a warranty deed to the Wood St. <br /> Property in such form and together with such documentation as shall be required for recording <br /> said deed concurrently with the closing of this transaction, which shall be held no later than <br /> thirty(30)days from the date of Miracle Valley obtaining clear and merchantable title to the <br />