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South 15 feet of Lot Four(4) and the South 15 feet of the West 5 feet of Lot Five(5) in <br /> Block Nine (9)of South Addition to Decatur as per Plat recorded in Book"G", Page 553 <br /> of the records in the Recorder's Office of Macon County, Illinois,and also commencing at <br /> the Southwest corner of said Lot 4,thence South 20 feet,thence East 55 feet,thence North <br /> 20 feet, thence West 55 feet to the place of beginning. (Except coal and other minerals <br /> underlying the surface of said land and all rights and easements in favor of the estate of <br /> said coal and other minerals). Situated in Macon County,Illinois. <br /> An easement for ingress and egress over and across the North 105 feet of Lot 4 and the <br /> North 105 feet of the West 5 feet of Lot 5 in Book 9 of South Addition to Decatur,as Per <br /> Plat recorded in Book "G", Page 553 of the records in the Recorder's Office of Macon <br /> County,Illinois,25 feet in width from North to South for access to the South 15 feet of Lot <br /> 4 and the South 15 feet of the West 5 feet of Lot 5 in Block 9 of South Addition to Decatur, <br /> as per Plat recorded in Book "G" on Page 553 of the records in the Recorder's Office of <br /> Macon County, Illinois. <br /> All situated in Macon County, Illinois, PIN number 04-12-14-306-002 together with all <br /> improvements thereon and the appurtenances and fixtures thereto belonging to Owners <br /> under the terms set forth in this Agreement. <br /> Section 3. City shall pay to Owner the sum of One Hundred Five Thousand Dollars <br /> ($105,000) for purchase of the Property, together with all improvements thereon and the <br /> appurtenances and fixtures thereto, said monies to be paid to Owner at time of settlement at First <br /> IL Title Group. <br /> Section 4. Owner shall order from First IL Title Group a Commitment for an Owner's Title <br /> Insurance Policy and shall furnish said Commitment to the City for an Owner's Title Policy <br /> insuring against defects in merchantability of title up to the value of the purchase price set forth <br /> above for the property. The City shall provide to Owner in writing within a reasonable time after <br /> receipt of the Commitment for Owner's Title Insurance Policy and prior to settlement, any <br /> objection it may have thereto. Owner shall have a reasonable time to cure any objection interfering <br /> with or impairing the merchantability of the title to said Property. If Owner is unable to cure any <br /> such objection and Owner, at its sole expense, is unable to procure a title policy insuring over the <br /> same, then the City shall have the option of terminating this Agreement. This Agreement is <br /> expressly contingent upon Owner providing good and merchantable title to the Property. At <br /> settlement, Owner shall deliver to City a warranty deed to the Property in such form and together <br /> with such documentation as shall be required for recording said deed concurrently with the closing <br /> of this transaction,which shall be held no later than December 31,2024 at First IL Title Group,or <br /> at such other time and place as the parties hereto mutually agree. Owner and City agree to each <br /> pay one-half of the costs for transfer tax stamps,the cost of recording with the Recorder of Deeds <br /> any of the documents necessary to complete the transfer of ownership and any other additional <br />