96-66 AUTHORIZING SALE OF LAND - Laserfiche WebLink

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� , ^ ' A. Bu at his expense, may have the premises inspected within seven (7) business days, exciuding Saturdays, Sunda s a federal lidays, after the acceptance of this contract. Y B. in the event sa 'nspection reveals a material defect in the structure, roof, plumbing, heating, cooling, ventilation, ctrical, well, sewer, or septic sy ms of the subject property which is unacceptabie to the Buyer, Buyer may give written n ' to Seller within three (3) business day , xcluding Saturdays, Sundays and federal holidays,after the date of such inspec' ns, stating the nature of such inspection, the def and the estimated cost of repair. C. Within three (3) business days exc ing Saturdays, Sundays and federai holidays from rec ' of such notice, Seller shall notify Buyer in writing of his election of one o e following options: 1. To correct such defects prior to closin ' accordance with Buyer's wri inspection report and written cost estimate; 2. To obtain the Buyer's agreement to appo the cost necessary rrect said defects and then make corrections. 3. To declare this contract void and return the ea st money se rth in paragraph 2 to the Buyer. D. in the absence of written notice by Seller to Buyer within the ti ecified herein,Buyer may declare this contract void and earnest money shall be returned. E. Failure of the Buyer to notify the Selier in writin any defects within the ti specified in paragraph 10(B)above,or as provided in paragraph 10(D) above, shali be deeme waiver of any right which Buye ay have under the terms of this paragraph and this contract shall remain in full force a effect. 11. At a prearranged reasonable ti within seven(7)business days,excluding Saturdays,Sun s and federal holidays,prior to date of settlement, Buyer shali ve the right to inspect the premises and other ro e been no material cha in the condition of the property since the execution of this contract. If a m iai change has occurred the P P rty sold her der to determine that there has Buyer may void contract and obtain a refund of his earnest money. 12. If, befor ettlement,the improvements shall be materially damaged by casualty,Buyer may declare this contra void and receive a r d of his earnest money, or, may complete settlement and accept the premises as damaged together with roceeds of insurance payable as a result of such damage. 13. Notice given or required in this contract or any addendum must be given in writing in one of the foilowing forms: (i) Personally; (ii) By certified mail, return receipt requested, properiy addressed and all charges prepaid; or, (iii) By express delivery with charges prepaid and addressed to the appropriate party at the address set forth below. All notices shall be deemed to have been received on the date of personal service or on the 3rd day following date postmarked. Notice must be served upon or addressed to any one of the Sellers or any one of the Buyers personally unless specified otherwise. Notice by any other means is not valid. 4�1 Gary K. Anderson Plaza Seller's current address is Decatur, IL 62523 ATTN: George Weaver� 424-2799 Buyer's current address is De�aturX IL562525 ATTN: Richard L. � 422-1717 Pnone# 14. Purchase includes aIl improvements thereon and all attached fixtur saAlso included with the premises pursuant to this agreement are the following items of personal property: 15. If either Buyer or Seller brings an action against the other with respect to this contract, the prevailing party shall be entitled to recover his reasonable attorney fees, costs and expenses. 16. ��ni��txxi�xa4pas�dclr�e4�sa��a�ca��p��tx xxxx�i��xxxxxxxxxxxxxxxxxxxxxxx��X xxx�c��i�� 7. The date of this contract is the latest date of signing by all parties. SELLERS INITIALS DATE 195 BUYERS INITIALS OATE pg2of3