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R2002-134 AUTHORIZING PURCHASE OF LAND
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R2002-134 AUTHORIZING PURCHASE OF LAND
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1/15/2016 11:40:18 AM
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1/15/2016 11:40:16 AM
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Resolution/Ordinance
Res Ord Num
R2002-134
Res Ord Title
AUTHORIZING PURCHASE OF LAND 356-366 NORTH MAIN STREET
Approved Date
7/15/2002
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- 3 - <br /> 5. At Settlement Buyer will pay the Buyer' s search charge <br /> portion of the cost of the title insurance referred to in paragraph <br /> 1 above. <br /> 6. At Settlement, Seller shall execute a lease for the <br /> Premises in substantially the form set out on Exhibit A hereto. <br /> Seller may remain in possession of the Premises in accordance with <br /> the terms of said lease. <br /> 7 . Buyer and Seller shall furnish all information legally <br /> required for financing or transfer of title. <br /> 8 . Except as provided in paragraph 10 below, this is an "as <br /> is" sale as to the condition of the improvements on the Premises, <br /> as to the condition of which Seller makes no warranty. <br /> 9. This purchase does not include improvements, wall <br /> coverings, ceiling coverings, furnaces, air conditioning units and <br /> other attached fixtures . Buyer may remove and sell same so long as <br /> it does not impair the structural integrity of the building. <br /> 10 . If before Settlement, the improvements shall be <br /> materially damaged by casualty, Buyer may declare this contract <br /> null and void, or may complete Settlement ar�d accept the Premises <br /> as damaged together with the proceeds of any insurance payable as <br /> a result of such damage. <br /> 11 . Notice to Seller may be given by certified mail addressed <br /> to it in care of Nancy Sheppard, 2280 Appletree Lane, Decatur, <br /> Illinois 62521, with a copy to Seller' s attorney, William A. <br /> McNutt, 3071 N. Water Street, Decatur, Illinois 62526. Notice to <br />
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