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Rpr 17 03 01:17p Diemert & Associates (440)442-0825 p.5 <br />(ii) lf funds are not deemed readily available in cash by the Director <br />ofi Finance for the Village, the remaining balance shall be paid as <br />follows: <br />(a) One Hundred Thousand Dollars ($100,000.00) payable <br />September 30, 2003; <br />(b) Two Hundred Thousand Dallars ($200,000.00) payable on <br />September 30, 2004; <br />(c) The sum of Two Hundred Thousand Dollars ($200,000.00), <br />payable on September 30, 2005; <br />If the payment of the purchase price is paid in instalfinents, as set forth in <br />this section, 1(B)(ii), the full purchase price sha11 be Seven Hundred Thousand Dollars <br />($700,000.00). <br />2. THE PREMISES. Purchase price set forth above shall include afl rights, title and <br />interest of Seller in and to any land and improvements, buildings and fixtures thereon. <br />3. POSSESSION. Buyer shall be entitfed to take possession of said premises on <br />the date set for the c{osing of this matter. However, Seller shall be entitled to remain using <br />the home as a residence through October 31, 2003 rent free and thereafter af a rental rate <br />as may be negotiated and agreed to between the parties, in writing. Seller shall be <br />responsible for any and all utilities consumed upon the Premises, untii possession is <br />transferred to Buyer. Buyer and Seller shall cooperate to have any and all utilities <br />transferred as of the date ofi possession and Seller shall order final meter readings as of <br />said date. <br />4. TAXES. Seller shalf pay all delinquent taxes, including penalties and interest, <br />and ali other real estate taxes which are a lien on the closing date, prorated to that date <br />2