03-18 Payne and Payne Custom Builders, Inc.

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RESIDENTIAL REAL ESTATE PURCHASE AGREEMENT 1. OFFER OF PURCHASE AND SALE. Payne and Payne Custom Builders, Inc. (`Buyer ") offers and agrees to buy and CITY OF LAKEWOOD ( "Seller ") agrees to sell the property described below. The "date of this Agreement" shall mean the date it has been signed by all parties. 2. THE PROPERTY. Addresses: 2107 Robin Street, Lakewood, Avenue, 44107 Permanent Parcel No(s).: 315 -22 -074 Check here ® if a full legal description is attached hereto as an exhibit. The "Property" shall include the land described above, and all easements, hereditaments, appurte- nances, all buildings and fixtures in their present condition. Additional items included: none. Items excluded: none. 3. PURCHASE PRICE. The price shall be Fifty and 00 /100 dollars ($50.00) (the "Purchase Price), to be paid to Buyer in ready funds. 4. FINANCING CONTINGENCY. (Reserved.) 5. CONDITION OF THE PROPERTY: DISCLOSURES. A. Purchase of the Property "As -Is ". Except as provided to the contrary in this Agreement, Buyer and Seller agree that the property is being purchased and sold in its present condition, "AS IS," without any warranties or representations. B. State of Ohio Residential Property Disclosure Form. (Check one) ❑ Seller has delivered a copy of the Disclosure Form to Buyer. ❑ Seller shall deliver a copy of the Disclosure Form to Buyer within 3 days following the date of this Agreement. ® This transaction is exempt from the Disclosure Form requirements. Seller shall promptly provide Buyer with an amended Disclosure Form if Seller becomes aware of any inaccuracy, omission or change of condition of the Property. C. Lead Based Paint. (Check One) ® The property is vacant land, has no structures and a lead based paint warning is not required. ❑ The property was constructed in or after 1978 and a lead based paint warning is not required. ❑ The property was constructed prior to 1978 and the Seller has provided to the Buyer a lead based paint warning statement and pamphlet as required by Federal Law.