97-15 AUTHORIZING SALE OF LAND - Laserfiche WebLink

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. , Finance Schedule Instructions: The Real E'state Trarsfer Tax Act(Illinois Revised Statutes,Chapter 120,Paragraph 3001•1008)requires TYPE OF FINANCING: Enter cash downpayment on line A. information regardiv�g the financing of the purchase price of this property. Account for financing the remainder of the purchase price on lines C Lines A and C through I of the Finance Schedule must be filled out by the buyer*or buyer's" represen- through I.(If lines A through I do not add up to full consideration shown tative to account for financing of the purchase.Columns I through VI must be completed for each loan on Page 1 of declaration,explain in Box J.) involved. IMormation required in each column: A. Enter Cash Downpayment I Principal of loan; for an assumed mortgage IV Nominal interest rate as stated in loan docu- (include earnest money) -S show principal being assumed. ment.If Prime Rate is used,state rate used at g Enter remainder of Purchase Price on Lines C through I: II Length of time on which monthly payments were time of transfer. calculated. If not applicable mark with an V Indicate if this loan has a FIXED interest rate C. Purchase Money Mortgage to Selkr' asterisk and explain repayment schedule in Box by entering F in the column,adjustable rate by „ J on Page 3. For an assumed mortgage show entering A,or renegotiable by entering R in the D. New lst Mt .[specify t pe ] years remaining from time of sale until loan is column. E. New 2nd Mt . specify type" J fully amortized(paid). VI Show the number of points and dollars paid. F. New 3rd Mtg.[specify type•' ] III If applicable,length of time until mortgage loan Enter points paid by the seller'only. must be paid off or renegotiated,or time until gax J may be used to show more information G. Assumption of existin lst Mtg. balloon payment is due. regarding financing if necessary. H. Assumption of existin 2nd Mt . I. Other Financing[specify type" ] SPECIAL NOTE.�If your financing involves other than equal monthly payments you musf ex- plain in Box J on Page 3. " Specify type: e.g., B/end, Conventional, Seller' Financed, VA/FHA insured,etc. PARTIAL INTEREST (Complete if applicab/e.) If less than a full interest in the real estate is being transferred, state the part being transferred: LEGAL DESCRIPTION Section Township Range Enter complete legal description in this area: • The East 30 feet of the North 455. 1 feet of the following described property: Beginning at the Northwest corner of the Southeast 1/4 o-f the Southwest 1/4, Section 1, Township 16, North, Range 2. East of the 3rd P.M. ; thence South on the West line of the Southeast 1/4 of the Southwest 1/4 .a distance of 292.3 feet; thence East on a line parallel to the North line of the Southeast 1/4 of the Southwest 1/4 a dist�nce af 116 . 0 feet to the point of beginning; thence East on the same line 390. 0 feet to a point; thence South on a line parallel to the West line of the Southeast 1/4 of the Southwest 1/4 of Section 1-16-2 to a point on the North right-of-way line of the Illinois Terminal Railroad; thence Northwesterly on the East right-of-way line of the Illinois Terminal Railroad to the point of beginning. Yes No NOTE: If a mobile home is inc/uded in the sale price, is ihe value of the mobile home being deducted as personal property on page 1? ❑ ❑ BENEFICIAL INTEREST OF LAND TRUST (Comp/ete if applicab/e.) If this transaction is the transfer of a beneficial interest of a land trust, check this box: � Page 2 of 4 PT'N(•203(R-10/91)