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)- 09 1?) ' ?1-5 <br />PURCHASE AGREEMENT <br />Parcel Number 4 <br />This AGREEMENT is made and entered into this day of May, 2003, between EDWARD R. <br />FALKNER, Trustee of the Edward R. Falkner Trust dated October 7, 1991, 18881 Shaker Blvd., Shaker <br />Heights, OH 44122 (hereinafter called "Seller") and MAYFIELD VILLAGE (hereinafter called "Buyer"). <br />WHEREAS, the Buyer, Mayfield Village, is an Ohio Municipal corporation, located in the County <br />of Cuyahoga, State of Ohio, and is fully authorized to enter into this Agreement; and <br />WHEREAS, Seller agrees to sell to Buyer and Buyer agrees to purchase the following described <br />vacant real estate, located in the County of Cuyahoga, Village of Mayfield, and State of Ohio: <br />Part of Permanent Parcel No. 831-013-005, also known as 710 S.O.M. Center Road, and referred <br />to as Parcel 4 which shall be created pursuant to a lot split, also creating Parcels 1, 2 and 3 all as <br />designated in the Site Sketch attached hereto as Exhibit "A". <br />See the Legal Description as set forth in Exhibit "B" attached hereto and incorporated <br />herein by reference. <br />The terms of the Agreement are as follows: <br />1. PURCHASE PRICE. The Seller agrees to sell and Buyer agrees to purchase the real estate <br />described as Parcel 1, as set forth above, for the sum of Forty Thousand Dollars ($40,000.00). <br />Such purchase shall be contingent upon Village Council's approval which shall be obtained no <br />later than sixty (60) days from the execution of this Agreement. <br />2. CONDITIONS. This Agreement shall be contingent on the execution of three additional <br />purchase agreements, respectively for Parcels 1, 2 and 3, between the Seller and Buyer attached hereto <br />and incorporated herein as Exhibits "E", "C" and "D". <br />3. THE PREMISES. The purchase price set forth above shall include all right, title and interest of <br />Seller in the real estate referred to above as Parcel 4 and as so designated on the Site Sketch attached <br />hereto as Exhibit "A". <br />4. POSSESSION. Buyer shall be entitled to take possession of said premises on the date set <br />for the closing of this matter upon title transfer. <br />5. TAXES. Seller shall pay all delinquent taxes, including penalties and interest, and <br />EXHIBIT <br />A