58-76 Sell Hopkins Ave Fire Station

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'LAND INSTALLMENT CONTRACT THIS AGREEMENT made and entered into at Lakewood, Ohio by and between THE CITY OF LAKEWOOD, OHIO, a municipal corporation, hereinafter called the "VENDOR", whose post office address is 12650 Detroit Avenue, Lakewood, Ohio 44107, and GREAT LAKES SHAKESPEARE ASSOCIATION, INC., an Ohio corporation, hereinafter called the "VENDEE", whose post office address is Franklin Boulevard at Bunts Road, Lakewood, Ohio 44107. WITNESSETH: That for and in consideration of the mutual promises, covenants and agreements hereto as herein contained and other valuable considerations, the VENDOR does hereby agree to sell and convey, and the VENDEE does hereby agree to purchase and pay for, upon and under the provisions, terms and con- ditions herein expressed, the following described real property: Situated in the City of Lakewood, County of Cuyahoga and State of Ohio and known'as being part of Sublet Nos. 1, 2 and 3 in The George P. Faerber & Matilda Henry Subdivision of part of Original Rockport Town- ship Section No. 21, as shown by the recorded plat in Volume 33 of Maps, Page 16 of Cuyahoga County Records, together forming a parcel of land, bounded and described as follows: Beginning on the Westerly side of Hopkins Avenue at a point distant Northerly measured along said Westerly side 8 feet from the Southeasterly corner of Sublet No. 3; thence Westerly parallel with the Southerly side of Sublet No. 3, 103 feet to a point on the Westerly .line of said Sublet; thence Northerly along the Westerly line of Sublet No. 3 and along the Westerly line of Sublet 'No. 1, 70 feet to a point distant Northerly measured along the Westerly line of Sublet No. 1, 38 feet from the Southwesterly corner thereof; thence Easterly parallel with the Northerly line of Sublet No. 3, 103 feet to the Westerly side of Hopkins Avemle; thence Southerly along said Westerly side 70 feet to the place of beginning, be the same more or'less, but subject to all legal highways and zoning restrictions. together with all the appurtenances and hereditaments thereunto belonging. The VENDEE agrees to pay for said property the sum of Twenty Three Thousand Five Hundred Dollars ($23,500.00) payable as follows: (a) Five Hundred Dollars ($500.00) concurrently with tlYe execution of this Agreement, the receipt of which is hereby acknowledged by VENDOR. (b) Tbe balance of said purchase price, said balance being in the amount of Twenty Three Thousand Dollars ($23,000.00) shall bear interest at.the rate of six percent (6%.) per annum on the unpaid principal balance commencing on the 1st day of October, 1976. The balance of said purchase price plus interest shall be due and, payable in monthly installments of not less than One Hundred Fifty Dollars ($150.00) per month commencing on the 1st day of October, 1976, and continuing each and every - 1 - EXHIBIT "A"