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PURCHASE AGREEMENT <br /> <br /> This agreement is made this ~-~ -day of ~~__~, <br />1990, by and between Thomas J. Liggett and James A. Liggett and <br />Mary E. Liggett, (hereinafter referred to as "Sellers") and the <br />City of Lakewood, a Municipal Corporation, 12650 Detroit Avenue, <br />Lakewood, Ohio (hereinafter referred to as "Buyer"). <br /> <br /> W I T N E S S E T H: <br /> <br /> WHEREAS, Sellers desire to sell and Buyer desires to <br />buy certain real property located at 1448 Victoria Avenue, <br />Lakewood, Ohio, all such property referred to herein as the <br />"Property" which is more particularly described in Exhibit "A" <br />attached hereto and incorporated by reference herein, together <br />with all Sellers' right, title and interest in and to the <br />property described which Sellers may have in said property. <br /> <br /> NOW, THEREFORE, <br /> <br />promises, covenants and <br />other good and valuable <br /> <br /> in consideration of the mutual <br />agreements contained herein and for <br /> <br /> consideration, the receipt and <br /> <br />sufficiency of which are hereby acknowledged, the parties hereto <br />agree as follows: <br /> <br /> 1. PURCHASE PRICE. The purchase price for the <br /> <br />Property <br />DOLLARS. <br /> <br />represent <br /> <br />shall be SEVENTY SEVEN THOUSAND FIVE HUNDRED (77,500) <br /> <br />2. ACCEPTANCE OF PROPERTY. Sellers warrant and <br /> <br /> that the only material damage, defects, inoperable or <br /> <br /> <br />