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R95-146 ACCEPTING NOMINATION BY CICD
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R95-146 ACCEPTING NOMINATION BY CICD
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7/8/2016 1:36:42 PM
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Resolution/Ordinance
Res Ord Num
R95-146
Res Ord Title
ACCEPTING NOMINATION BY CICD REGARDING OPTIONS TO PURCHASE REAL PROPERTY
Approved Date
10/9/1995
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' r ` <br /> . BUYER credit for general real estate taxes to February 22, 1995. The Seller shall further pay <br /> or give BUYER credit for any special assessments which are a lien against the premises. Credit <br /> for general real estate taxes shall be computed on the basis of the most current tax information <br /> available at the time of closing. <br /> C. Buyer and seller shall agree on a date on which the purchase contemplated herein <br /> shall close, which date shall be on or before ninety (90) days after Buyer has given Buyer's <br /> notice of exercise of this Option to Seller ("Closing Date"). The real estate is to be conveyed <br /> on the Closing Date by a good and sufficient Quit Claim Deed ("Deed") running to Buyer or <br /> Buyer's nominee, which Deed shall convey marketable title in fee simple to the Premises, <br /> insurable as such by Buyer's Title Company. The balance of the purchase price, less the <br /> Deposit and other amounts set forth herein, if any, shall be paid to Seller upon delivery of the <br /> Deed in accordance with the terms and provisions of this Option. Possession of the Premises <br /> is to be delivered to Buyer on the Closing Date, unoccupied and not subject to any rights of any <br /> tenants. <br /> D. Closing shall be at the office of Hea.vner, Handegan & Scott, 470 First of America <br /> Center, Decatur, Illinois, the buyers attorney. <br /> 6. NOTICES. All notices required or permitted hereunder shall be in writing and shall <br /> be deemed to have been given when mailed, postage prepaid, by registered or certified mail, or <br /> recognized overnight carrier at the following addresses: <br /> If intended for Buyer: If intended for Seller: <br /> Rolanda Johnson Edward E. Beasley <br /> Community Investment Corporation P.O. Box 1732 <br /> 142 E. Prairie 116 E. Prairie Ave <br /> Decatur, IL 62523 Decatur. IL 62523 <br /> 3 <br />
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