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�i � � REAL ESTATE PUR,CHA.SE CON'I�.ACT
<br /> ; _ Approved for use by the Decatur Bar
<br /> � Association and the Decatur Association of Realtors
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<br /> � DECATUR DAY CARE CENTER, a corporation, , as
<br /> Seller,agrees to sell and the C I TY OF DECATUR ' ' as Buyer,
<br /> , agrees to purchase at the price Of 5, 0 0 0 . 0 0 the following legally described real estate(premises)situated in MciCOri
<br /> Counry, Illinois,
<br /> Commencing at the Northwest Comer of Lot 8 of E. O. Smith's Resurvey of Block 14 in Westem Addition to
<br /> , Decatur, as per Plat recorded in Book 10 Page 203 of the records in the Recorder's Office of Macon County,
<br /> Illinois, thence Fast along the North line of said Lots 8 and 9 of said Resvrvey 100', thence South 32-3/4'par�ilel
<br /> with the West line of said Lot 8, thence West parallel with the North line of said Lots, 100' +/-to the West line of
<br /> � said Lot 8,thence North along said West line to the place of beginning.
<br /> commonly known as:364 W. William St. , Decatur,ZLThe Tax ID#forthis property is: 04-12-15-210-010
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<br /> 3. Seller shall promptly furnish to Buyer a commitment for an owner's title insurance policy insuring against defects,in the merchantabiliry
<br /> of titte up ro the value of the purchase price set forth above. Titte insurance shall show that there shall be no finandng statements on file affecting
<br /> fixtures included in the purchase. Title may be subject to coal and mineral rigMs if now reserved or conveyed of record and to all easements
<br /> and building and use restrictions now of record which do not restrict reasonable use. Buyer shall prompdy�vise Seller of any daimed d�tfects
<br /> in title evidence to permit resolution before settlemeM. Seller shall pay the initial title seazch chazge and titls insurance premium. Buyer shall
<br /> pay the search charge as to the Buyer,the cost of mortgagee's tide insu�ance policy,if any, and the cost of all necessary endorsements to the
<br /> tiUe insurance policy. Buyer and Seller shall furnish immediately upon request all infamation legally required for financing or transfer of title.
<br /> Any fee for settlement of this contract shall be divided equally between Seller and Buyer.
<br /> 4. Buyer shall pay Seller the2��6��oC�b�Lpurchase price atthe office of Cardwell Realty, DeCatur, IL on
<br /> ' or upon mutual agreement before June 9, 19 9 5 . which event is called settlement
<br /> 5. At settlement, Seller shall deliver to Buyer a warranty deed to the prernises, subject only to those matters to which the 6tle may be
<br /> subject as provided in paragraph 3 above, and conveying the benefits of all easements of record prior to the execution of this contract, if any,
<br /> in such form and together with such documentation as shall be required for recording said deed. Seller shall also tumish Buyer, at settlement,
<br /> all documentation necessary to protect Buyer from mechanic's liens.Seller agrees to pay for uansfer tax stamps,prepare the real estate transfer
<br /> dedaration form and any environmental disdosure requirement documents. Buyer agrees to pay for the cost of recording with the Recorder of
<br /> Deeds any of the documents necessary to complete the transfer of ownership.
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<br /> 7. Buyer shall be entiUed to possession of the premises at o'clxk P.M. on date of setdement. Seller may, however,
<br /> corrtinue occupancy of the premises for not more than days after settlement, provided Seller pays the Buyer at settlement
<br /> $ for each day Seller irnends to continue occupancy.
<br /> 8. At least ten (10) days but no more than thirty (30) days prior to closing, Buyer may, at Buyer's expense, except for V.A. loans when
<br /> it shall be Seller's expense,obtain a written professional report that the dwelling, attached and/or detached garage and outbuildings are free of
<br /> visible evidence of active termites. If active termites are found,the improvements shall be Lreated at Seller's expense. If damage due to termites
<br /> is found,Buyer shall give Seller written notice of the damage within 3 business days,excluding weekends and federal holidays,and the provisions
<br /> of paragraph 10.C. shall apply.
<br /> 9. No notice or suits or judgments relating to the premises have been received by the Seller ezcept:
<br /> 10. It is agreed between the Buyer and Seller as follows:
<br /> A. Buyer,at his expense, may have the premises inspected within seven(7)business days,excluding Saturdays, Sundays and
<br /> federal holidays, aher the acceptance of this contract
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