88-38 AUTHORIZING SALE OF LAND - 2700 BLOCK NORTH 22ND STREET

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Finance Schedule Instructions: ' The Real Estate Transfer Tax Act(Illinois Revised Statutes,Chapter 120, Paragraph 1001•1008)requires TYPE OF FINANCING: Enter cash downpayment on line A. information regarding the financing of the purchase price of this property. Account for financing the remainder of the purchase price on lines C Lines A and C through I of the Finance Schedule must be filled out by the buyer*or buyer's* represen- through I.(If lines A through I do not add up to full consideration shown tative to account for financing of the purchase.Columns I through VI must be completed for each loan on Page 1 of declaration,explain in Box J.) involved. information required in each column: A. Enter Cash Downpayment I Principal of loan; for an assumed mortgage IV Nominal interest rate as stated in loan (include earnest money) -$ show principal being assumed. document. B. Enter remainder of Purchase Price on Lines C through I: II Length of time on which monthly payments were V Indicate if this loan has a FIXED interest rate calculated. If not applicable mark with an by entering F in the column,adjustable rate by C. Purchase Money Mortga e to$eller` asterisk and explain repayment schedule in Box entering A,or renegotiable by entering R in the D. New lst Mtg.[specify type** ] J on Page 3.For an assumed mortgage show column. - years remaining irom time of sale until loan is VI Show the number of points a�d dollars paid. E. New 2nd Mtg.[specify type** ] tully amortized(paid). Enter points paid by the seller*only. F. New 3rd Mtg.[specify type'* ] III If applicable,length of time until mortgage loan must be paid off or renegotiated,or time until Box J may be used to show more information G. Assumption of existing lst Mtg. balloon payment is due. regarding financing if necessary. H. Assumption of existin 2nd Mtg. I. Other Financin [specify type*' ] SPECIAL NOTE:If your financing invo/ves other than equal monthly payments you must ex- plain in BOX J On Page 3. ** Specify type: e.g., B/end, Conventional, Seller* Financed, �A/FHA insured,etc. LEGAL DESCRIPTION Section Township Range Enter complete legal description in this area: The North 58 feet of Lot Three (3) Block Four (4) of Virginia Addition, as per Plat recorded in Book 745 Page 200 of the records in the Recorder' s Office of Macon County, Illinois . PARTIAL INTEREST OR BENEFICIAL INTEREST OF TRUST (Comp/ete if applicable.) If less than a full interest is being transferred state the part being transferred: If this transaction is the transfer of a beneficial interest of a land trust check this box: ❑ Page 2 PTAB-203(R-12185)