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<br /> - _. . � �, R�AL ESTATE PURCHASE CONTR.ACT
<br /> ' - Approved for use by the Decatur Bar
<br /> - ' Association and the Decatur Association of Reaitors
<br /> �_ Cicv o� Decatur, Illinois, an Illinois Mun�.cioai Corooration , as Seller,
<br /> agre�s ;o se:i and The Chicago Trust Company as Trustee o= Land Trust Nu�ber 37b0 , as Buyer,
<br /> a5re�s ;� pu-c:^asa at the price of �IS,750.00 the!c:ie•:fing Iegaliy desc;ibed reat es;a;=(premises)situated in
<br /> i'.sco�: Courry. lilinois,
<br /> Locs 7 , S, 9 , 16, 17 and 18 of Block 2 kill's Second Addition, as oe= recores in the
<br /> Racorce�' s 0=fice oF �tacon Councy, Illinois.
<br /> _� � ort n�vars [
<br /> com,;,oniy k^own as: �,�.�,��.T ne�ztt�-, r�}i�no�s . The TaY ID= for this proper,�is: 0�-I2-09-427-007
<br /> 2. 6u;�ar shail ;,s, 5 � as earnest money�s:�ff:�^--rs:��.•tl�ati..4etE:�:�}�:s��r�.�:�:�gcE��
<br /> ��c.�c�s�-�c_t_`�r�s���xs��:�a�t�g�^�:c�4`�,:.c�-a��Q�`:•c:�.�t�=...:r�`�`.�s�ti:d:tQ3ac�
<br /> :�•.,:�,�t:�,-.��Y�..�:Y�tk���.:i�:._�i?���i4:. .��t�Y�'c� In t`� event of a de�ault, eichar p2 ,ry shali have remedies
<br /> avaiia;;!e ir, la�.v and equiry._�zx:ec���icg�u�C:��`��;a�:-:v;��.�:c�3�eca:.�ss:r.ax:=--•�:�t�:�t�:����
<br /> X 'aC•=t-'�i�:��X��`�7ii$?:2L�'�t�?e��,r'Y:i'�.�4C�';�SC`�f.r�4{:fr��4'{�.t'i:{:S?5.:��_2•`:��i�JS�L�L_"vS�:i(}�'�'.4'"'w.�2i,i.�"+...^�•fli:�:�.`�tS
<br /> 3. Sefler sha!I promptly fumish to Buyer a commitment for an owr,2r's titl2 insurance policy insuring agains; defects in tha '
<br /> me�c^a^ta�iiiry of title up to the value of the purchase price set for,h above. Title insurance sh2(I sho:v that there shall be no �
<br /> finar,c:r,: s;a:ements on file af`ecting fixtures included in the purchase. Title may be suhject to coa( and mineral rights if now
<br /> reserved er conveyed of record and to all easements and buiiding a;,d use restrictions now of record which do not restrict
<br /> reasona�fe usa. 6uyer shalt promptly advise Seller of any claimed ��:�cts in title evidence to perrit resolution before settlement. •
<br /> Seiler s�zil pa� the initi2l tiUe search c�arge and title insurance premi�m. Buyer snall pay the search cnarge as to the Buyer, th2
<br /> cosi e� mor,:aye�'s titfe insurance policy, if any, and the cost of 2!1 nec�ssa^� endorsements to the title insurance policy. Buyer
<br /> 2nd Sei:�r sha!! furnish immediately upon request all information le;ai;;: required for financing or trznsfer of title. If no lender is
<br /> irvo;v��, an�� fee for sett►ement of this contr2ct shall b2 divided eG�ai�y b�`.veen Seller and Buyer.
<br /> 4. 6u;�e� she!: �ay Seller the balance o� ttie purchase price at the of`ic� c: Central Illinois Title Com�any o�
<br /> or ucc^ mu��2l 2greement before '�Dril 30, 1997 _ _ , wnich ev2nt is cali2d se«lement.
<br /> 5. At s�`:a^2-t, Saller shafl deliver to Buyer a w2rranry d2ed tc tn2 pre^i;es, subject only to those maC:�rs to which the titfe may be
<br /> subj�c: �s ���vided in paragraph 3 above, and conveying the be^�.`i:s o' a(I easements o� record prier to the execution of this
<br /> cor:;ra�;, i� a:�y, in such form and tege?her with such documentatior� as s�ali be raquired for recording said deed.Seller shall also
<br /> �umish �u�ar, a;seriement, all documentation necessary to protec: �u;ier from mech2nic's liens.Sel(er agrees to pay for trans`er
<br /> tax sta:-;;.s, r�epar� the real estate trznsfer declaration form and any e^vironmen,al disclosura reGuirement documents. Buyer
<br /> a�r2=s to ��;� fcr the cos; o� recording �•r�th the Recorder o� D�acs 2.^.; oi the documents n�cess2ry ro co,�,pi2ta the transfer of
<br /> owr�-sr ,
<br /> 6. �;;��,�:.�:;,,a;����,VC��:�;i�t�:tS�.tiS�"4��or before s_":�r',en; Seller shall p2y for and give Buyer credit for generai
<br /> rea! es:a:e ;_x�s for ail prior years and for S2ller's pro rata share c: s�c^ taxes for the year of se:�ter�enc.Seller shall further pay .
<br /> ar gi•:s ��/_r credit for a!! specia! zssassments now a lien agains: t�e premises, rents, if any, 2nd all water or sewer bilis or
<br /> vra,=r-:air cr s��,ier conr,ec;ion charges incurred and unpaid as of sat'.�r�enc.Credit to Buyer for general real estate taxes not yet
<br /> ^2,/c„i? S^c`.. �B CCmp'�I�r C^ tilj ~ZJ�J 0� ��B "��O�i C:.�'B^:iyY. I^i�fs'1=.:CC± =:dtl2�J�P 2i the time of s2�Jement.
<br /> r '
<br /> 7. Buy�- s`�a" oa �ntitled to possession o� the premises at 5:00 o'ciccic PPA on date of settlement.��.�t�^c:tX}�S`tx=uz��er,�t
<br /> c�^-w;��.�:�'t:�:�:z�..�es:�r.�t�:�cx��;�rnv-�-fY-r-�-�-�:.�.c�R:�{:��.s�'�c:,.��4��'�R�+3:�`a�f'4X���
<br /> s���.�-^c_' -t-r'{,{YV�cYY't�t:ea....�-c����:�c:�:¢�ct�:�::sxa_�c^.�.�x�:{
<br /> g. , I` is uzderstood by the parties that the Bu•rer is purchasing premises ior the purpose
<br /> o� e�te_�a� into a lease aoreement with Auto Zaae of Meriphis, Tennessee. If for any
<br /> reaso: 3u�er is unable to enter into a lease a�:eeaent with Auto Zone, as lessee,
<br /> Bu•:e� �a•; declare tnis contract null and voi� w�t:� each party the;eb;• receiving a fu11
<br /> �ra�ease �:om the other.
<br /> g ho r.;.;'.�s:, suits or judgnents re:ating to the premises have be=^ r:c='•,,_�' by the Se!Ier except:
<br /> �-�-�
<br /> $---=_„ T;:'!ALS OATc EXHIBIT ��L��� BUYcRS I�VITIAIS DATc
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