R92-84 AUTHORIZING PURCHASE OF REAL ESTATE - 142 E. PRAIRIE

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. , ,- • - ' -. � . . r� ' " . - D. In absence of written notice by Seller to Buyer within the time specified herein, Buyer may declare this Contract null and void and eamest money shall be retumed. E. Failure of the Buyer to notify Seller in writing of any defect(s)within the time specified in Paragraph Ten(B)above, or as provided in paragraph Ten (D)above, shall be deemed a waiver of any right which Buyer may have under the terms of this paragraph, this contract shaq be in full force and effect. (11) At a prearranged reasonable time within SEVEN (7) business days, excluding Saturdays, Sundays and Federal Holidays, prior to the date of Settlement, Buyer shall have the right to inspect the Premises and other property sold hereunder to determine that there has been no change in the condition of the property since the execution of this Agreement. (12) If before Settlement, the improvements shall be mate�ially damaged by casualty, Buyer may declare this contract Null and Void and receive a refund of the earnest money, or may complete Settlement, and accept the Premises as damaged together with the proceeds of any insurance payable as a result of such damage. (13) Notice given or required in this contract shall be given IN WRCfING either personally, by certified mail with retum receipt requested, or by express delivery with charges prepaid and addressed to Seller at current address or to Buyer at current address. All such notices shall be deemed to have been given on the date of personal services or on the date postmarked. Such notice is sufficient if served upon or addressed to any one Seller or any one Buyer. Seller's current address is First of America Prust Co. p#424-201 1 . Buyer's current address is One Civic Center Plaza P# 424-2777 . (14) Purchase includes all improvements thereon and all attached fixtures and features. Also included are the following items of personal property: Subject to personal propertv of present tenantG (15) A defaulting party shall pay all expense, reasonable attomey's fees and court costs incurred in good faith by the other party in enforcing the terms of this contract. (16) If checked, this transaction is a Cash Sale (CASH SALE) (17) If checked, the following addendums are attached hereto and made a part of this Agreement: Financing Addendum X Contingency Addendum (18) Attorney Review: Buyer and Seller have the opportunity to have their respective attomeys revlew this contract. This conhact shall be binding unless within 3 business days, excluding Saturdays, Sundays and Federal Holidays, of the date of this contract either party's attomey gives notice to the other party to terminate this contract, in which case this contract shall be Null and Void, and eamest money shall be refunded. Such termination may be invoked only for ambiguity or good faith failure of a meeting of the minds of Buyer and Seller. "BUYER ACKNOWLEDGES AND UNDERSTANDS THAT THE REALTORS INVOLVED IN THIS CONTRACT ARE THE AGENTS OF THE SELLER AND AS SUCH SHALL BE COMPENSATED BY THE SELLER UPON SETTL.EMEIVT" IF SIGNED ONLY BY BUYER, THIS CONTRACT SHALL ACT AS AN OFFER WHICH MAY BE ACCEPTED BY , SELLER SIGNING THE CONTRACT BELOW ON OR BEFORE nA7'F• ' �, A.M. P.M. I IN WITNESS WHEREOF,we sign this instrument in TRIPLICATE. /� Fi,PST �!'�iER/(��,CcGrT(�c�,a�v.y.�/y� ' � �2 �XE�cTa.e oF PN,u� ,6C�.�uT Es�- BUYER i t o f D e ur SELLER � .'�.s1 E�1�,�a1�— __ DATE S 2/ v �,j / ; ' SS# BY: � Erik C. rechnit , Mayor , g�1YFR DATE S � DAT� � �# �3(� —Z.�—�� Counteroffer: The offer of the Buyer is rejected. Seller makes a counteroffer to seU for the sum of$ , and This counteroffer may be accepted by Buyer signing and retuming a signed copy of the contrac,t to the Seller on or before at M. This counteroffer shall terminate if acceptance does not occur prlor to said time. SEi i.FR DATE B[IY�R DATE $Ft i FR DATE BU�� DATE Rev. 7/91 � Approved by National Association of RFALTORS