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<br /> � This Memorandum Witnesseth� THAT ESTHER M. CRIPE, a Widow
<br /> hereby agree S to sell and THE CITY OF DECATUR, a M�nici an 1 [:rirnnratinn agree3o purchase
<br /> at the price of $2�0,000.00 � __ Dollars
<br /> the following described real estate situated in the of
<br /> County of Macon State of Illinois.
<br /> East� of NFr� and SW�t of NE�,except beQinnin�, at the Southwest corner of Government Lot 1
<br /> of Northeast � of Section 3, Twp. 16 North, Range 3 East of the 3rd P.M. , thence North
<br /> along West line of said Northeast 4 225.13 feet, thence East parallel with South line of
<br /> sai Nort east � 5 .2 feet, thence South, parallel with West line of said Northeast �
<br /> . ee o a poin on e ou ine o sai or eas �, ence es a ong sai
<br /> South line 450.27 feet to the point of beginning .
<br /> Section 3 Township 1 f, North, Range 3 East of the 3*'r1 P.M.
<br /> IT IS MUTUALLY UNDERSTOOD AND AGREED THAT:
<br /> (I) Premises are subject to a lease expiring Februarv 29, ___ ______ __ 199.2—; purchaser
<br /> � to be entitled to the rents, if any, after Nov mhPr 1 19ot-
<br /> (2) General taxes for the year 199�, and before, shall be paid by the seller.
<br /> (3) General taxes for the year 1992, shall be�S�@€��� paid bY Purchaser
<br /> (4) Subsequent general taxes shall be assumed by purchaser.
<br /> (5) Special assessment and special tax installments falling due in the year 19�.and prior thereto shall be paid by seller
<br /> (6) All special assessment and special t�x installments falling due after that date shall be assumed by purchaser.
<br /> (7) All Fire and tornado insurance policies in force on above described premises shall be properly assigned to the
<br /> purchaser and all unearned premiums are to be paid for by purchaser.
<br /> (8) Thepurchaser_has paid ten thousand (�1(�000 00) Dollars,
<br /> as earnest money, to be applied on said purchase, and agrees to pay, within 30 days, the further sum of
<br /> Two Hundred Sixty Thousand ($260 000) Dollars,
<br /> .
<br /> at the office of Michael I. Campbell provided a good and sufficient �
<br /> Warranty Deed conveying to said purchaser or his assigns, a merchantable title to said
<br /> premises according to the terms of this contract, shall then by ready for delivery.
<br /> The subiect real estate is sold as ia and (�rantPP aaa�imp� an.�,
<br /> liability to Illinois Environmental Protection Agencv and any other
<br /> regulatory agencies with respect to said real estate, agreeing to
<br /> protect an save armless the Grantor herein.
<br /> �
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<br /> (9) An abstract or Title Policy from the United States Government to date, �showing a merchantable title, shall be
<br /> furnished within a reasonable time and if the title, upon examination, is found materially defective, within ten days after said
<br /> Abstract or Title Policy is furnished, then;�unless the material defects be cured within sixty days after written notice thereof, the
<br /> said earnest money shall be refunded and this contract shall become inoperative.
<br /> (]O) In case the improvements on the atoresaii premises should be injured by fire or otherwise before the delivery of the '
<br /> deed as herein provided, the purchaser shall have the option to declare this contract null and void, or demand that the premises
<br /> be restored to the original condition, as of the date of the execution of this contract and if contract is declared null and void the
<br /> earnest money paid hereon shall be refunded to the purchaser.
<br /> (11) Should said purchaser fail to perform his contract promptly on his part at the time and in the manner herein
<br /> specified, the earnest money paid as above shall, at the oplion of the seller, be retained as liquidated damages, including
<br /> commissions payable by seller, and this contract shall become null and void; or the seller may elect to continue this contract in
<br /> full force and effect and hold [he purchaser for all damages arising from a breach of the provisions hereof. The terms of this
<br /> contract are fo apply to and bind tfie fiei�s, executors, administrators, successors and assigns of' the respective parties, and time
<br /> is fo t}ie essence of the pertormance hereof.
<br /> (12) This contract and earnest money shall be held by Michael I. Campbell
<br /> for mutual benefit of the parties hereto. �
<br /> (13) BUYER ACKNOWLEDGES AND UNDERSTANDS THAT 'THE BROKERS REFERRED TO IN THIS
<br /> AGREEMENT ARE THE AGENTS OF THE SELLER AND AS SUCH SHALL BE COMPENSATED BY THE SELLER
<br /> UPON COMPLETION OF THE SALE.
<br /> IN WITNESS WHEREOF, said parties hereto set their hands t1�is day of September � 19 91 ,
<br /> Seller's address and phone number:
<br /> THE CITX OF DECATUR a Munici al �
<br /> Es�her M. Cripe (217) 76��397 , p Corporation
<br /> Box 148, Oakley, IL 62552 '�� 7 �
<br /> BY "�i ���, /��`�.... �� ' (SealJ
<br /> Buyer's address and phone number: � Authorized Re sentative (SeaIJ ,
<br /> � [Seal]
<br /> B [Seal]
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