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97-48 APPROVING AGREEMENT FOR DEED
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97-48 APPROVING AGREEMENT FOR DEED
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Last modified
3/17/2016 4:13:06 PM
Creation date
3/17/2016 4:13:06 PM
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Resolution/Ordinance
Res Ord Num
97-48
Res Ord Title
APPROVING AGREEMENT FOR DEED - 130 NORTH FRANKLIN STREET
Approved Date
6/2/1997
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•� • -4 - <br /> other papers which Seller shall be entitled to receive in the event of default by <br /> Buyer. Buyer and Seller shall immediately execute in duplicate and exchange <br /> a Memorandum setting forth, at least, the names of Seller, Buyer and Escrow <br /> Agent, the legal description and common address of Premises, the date of this <br /> Agreement, and acknowledgment by Buyer of Buyer's quit claim deed <br /> conveying Premises to Seller and authorizing reliance by third parties upon <br /> said deed, if recorded, as conclusive evidence of the cancellation of this <br /> Agreement and reconveyance of all of Buyer's then interest in the Premises <br /> to Seller. <br /> 16. A defaulting party shall pay all expenses, reasonable attorney fees <br /> and court costs incurred in good faith by the other party in enforcing the <br /> terms of this Agreement. <br /> 17. Seller's address for any notice required or given under this <br /> Agreement shall be John Luttrell, c/o First National Bank of Decatur, 130 <br /> North Water, Decatur, Illinois 62523. <br /> Buyer's address for any notice required or given under this Agreement <br /> shall be Shirley Moore, President Library Board of Directors, 247 East North, <br /> Decatur, Illinois 62523. <br /> 18. Time is of the essence of this Agreement and the covenants in this <br /> Agreement shall extend to, be binding upon and inure to the benefit of�the <br /> assignees and successors in interest of the respective parties, and shall be <br /> obligatory on all assignees of the parties hereto. <br /> SELLER: <br /> DECATUR FORESIGHT, INCORPORATED <br /> � 7 /q BY �,�'-�,,,x �.�� ✓�.5��.�y <br /> DATE � <br /> �'�-��r ---�---��� <br /> BUYER: <br /> THE BOARD OF LIBRARY TRUSTEES OF <br /> THE CITY OF DECATUR, ILLINOIS <br /> � ,. /997 BY <br /> D <br />
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