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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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. • , <br /> ' BUYER credit for any special assessments which are a lien against the premises. Credit for <br /> 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 shall set the date on which the purchase contemplated herein shall close, which <br /> date shall be on or before thirty (30) days after Buyer has given Buyer's notice of exercise of <br /> this Option to Seller ("Closing Date"). The real estate is to be conveyed on the Closing Date <br /> by a good and sufficient Warranty Deed ("Deed") running to Buyer or Buyer's nominee, which <br /> Deed shall convey marketable title in fee simple to the Premises, insurable as such by Buyer's <br /> Title Company. The balance of the purchase price, less the Deposit and other amounts set forth <br /> herein, if any, shall be paid to Seller upon delivery of the Deed in accordance with the terms <br /> . and provisions of this Option. Possession of the Premises is to be delivered to Buyer on the <br /> Closing Date, subject to the rights of any tenants. <br /> D. Closing shall be at the office of Heavner, Handegan & Scott, 470 First of America <br /> Center, Decatur, Illinois. <br /> 6. NOTICES. All notices required or pernutted 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 <br /> Community Investment Corporation <br /> 142 E. Prairie <br /> Decatur, II. 62523 <br /> 7. ISEFAULT. A defaulting party shall pay all expenses, reasonable attomeys' fees and <br /> court costs incuned in good faith by the other party in enforcing the terms of this contract. <br /> 8. TIME OF ESSENCE. Time is of the essence in the performance of this contract. <br />
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