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1 ? Realty .,
<br />'*One VACANT LAND PURCHASE AGREEMENT
<br />1. PURCHASER 'iho undenigned ul- ??i offers to buy the
<br />2. PROPERTY located.c U ? ., City Ohio, Zip ?4ZI 7f)
<br />Permanent Parcel No. ?2 31 - a (e ^' Ifl.. , a unher described as being: VaAam
<br />The property, which PURCHASER accepts in ita PRESENT CONDTI'ION, shall include the land, all appurtenant rights, privileges and essementa. Alao included: _
<br />NOT included:
<br />PRICE PURCHASER ehall pay the aum of ...................................................................................
<br />PsyaWe at foUowa:
<br />(a) Eameat money paid to Realtor, to be deposited upon sellers acceptance in a tnist
<br />account and credited against purchase Fxice:,N check [:] nae ...........................
<br />NOTE TO BE REDEEMED WTI'HIN FOUR (4) DAYS AE"1'ER ACCF,f''CANCF.
<br />(b) Gah to be deposited in escrow ...................................................................................
<br />(c) Mortgage loan io be obtained by PURCfIASER C-] CONVENI70NAL ................
<br />(d)
<br />4.
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<br />............ ..................................... s 76
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<br />..................................................S -7 Y./)c1C?.
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<br />FINANCING PURCHASER sh make a written applicadon for the ortgage loan within . days fter acceptance and shall obtain mmitment for Ihat
<br />wti on or a t 19 . If, despite PURCHASER'S good faith efforts, that commitment has not been obbined, then this
<br />Agreanent ahall be null and void. Upon signing of a mutual rolease by SGLLER and PURCfIASER, ihe eamest money deposit shall be retumed to the PURCHASER without
<br />any fnnher liability of eiiher party to the o r or to R y l?Orye.
<br />CLOSING All tu da and docum / f? tHe c? pledon of this transaaion sha es with the lending institution or tiQe company on or before
<br />and tiAe shall be transferred on or a u,•? ' 8G ? 19 ,? .
<br />1TC21 O 41
<br />POSSESSION SELLER ahal as sion to PURCHASER L1 days after tr tiQ or_ whichever is later.
<br />5.
<br />6.
<br />7. TITLE SELLER shall convey a marketable 4tle to PURCHASER by general warranty deed and/or fiduciary deed, if required, with dower rights released, free and clear
<br />of all lima and enwmbrances whatscever, ezcept (a) any mortgage assumed by PURCHASER, (b) such restrictions, conditions, easemenu (however created) snd
<br />eneroachmenW as do not materially adversely affect the use or value of the property, (c) zoning ordinances, if any, and (d) tazes and assessments, both general and apecial,
<br />not yet due and payable. SELI.ER shall fumish an Owner's Fee Policy of Title Insurance in the amount of the purchase price, or if the property is Torrenized, SELLER shall
<br />fumish an Owner's Duplicate Certiticate of Tide, and a United States Court Search and Taz Search. SGLLER shall have thirty days a(ter nouce to remove utle defects.
<br />8. PRORATIONS General tazes, annual maintenance fees, subdivision charges, special assessments, city xnd cvunry charges and tenant's rents shall be prorated as o(Ihe date
<br />of dQe transfer. Tazes and assessments shall be prorated based upon the latest available taz duplicate. l Iowever if the taz dupGcate is not yet available or the improved land
<br />is aurrenQy valued at land only, then tazes and assessments shall be prorated based upon 35 90 of the selling price times the millage rate. PURCHASER acknowledges that the
<br />lateat available tax duplicate may not reflect the accurate amount o( tazes and assessments that will be owed and PURCFIASER is advised to consult with the County Auditors
<br />office to detertnine the accurate amount. SELLER agrees to reimburse buyer directly outside of escrow for any increase in valuation and the cost of all passed or levied but not
<br />yU artified taxes and assessments, if any, proratecl to the date of Uilc transler. SLLI.I:R is not awarc of any prvpwscd taxes or assessments ezcept the following:
<br />Intheeventthepropertyshallbe deemedsubjedtoanyagriculturaltazrewupnents(C.A.U.V.),E] PURCIIASGR [-] SELI.ERagrcestopaytheamountofsuchrecoupment.
<br />9. CHARGES SELLIiR shall pay the following costs through escrow: (a) Real Estate Transfcr Taz, (b) tide exam and one-hal[ the cost of insuring premiums for Owners
<br />Fee Policy of Title Insurance, (c) prorations due PURCHASER, (d) broker's commissions, and (e) one-hatf of the escrow fee (unless VA/FHA regulations prohibit payment
<br />of escrow fees by PURCFiASER in which case SELLER shall pay the entire escrow fee). SELLER shall pay diroaly all utility charges to the date of aQe transfer or date of
<br />possession whichever is later. PURCHASGR shall pay one-half o[ the escrow tee, one•half the cost of insuring premiums tor Owners Fee Policy of Title Insurance, snd al]
<br />recording fees for the deed and any mortgage.
<br />10. CONDITION OF PROPERTY PURCF{ASER HAS EXAMINED TIiE PROPERTY AND AGREES "f}iAT THE PROPERTY IS BEING PURCHASED IN ITS "AS
<br />IS" PRESENT PHYSICAL CONDITION INCLUDING ANY DGFECCS DISCLOSED BY Tf lE SELLER. PURCFIASER HAS NOT RGLIED UPON ANY REPRESEN-
<br />TA'fION, WARRANCIES OR STATEMENTS ABOUT THE PROPERTY (INCLUDING BUT NOT LIMITED'f0I"1'S CONDTCION OR USE) UNLESS OTHERWISE
<br />DISCLOSED BY THE SELLER(S). Purchaser acknowledges that the property may not be suitable for their intended purpose. I'urchaser shall be responsible for detertnining
<br />whether ihe property can be used for that puipose.
<br />11. BINDING CONTRACT Upon written acceptance, this offerand any addendums listed below shall become a LEGALLY BINDING AGREEMENT UPON PURCHASER
<br />AND SELLER and their heirs, executors, administrators and assigns and shall represent the enure understanding of the parties regarding this transaction. All counter-offers,
<br />amendments, changes or deledons to this Agroement shall be in writing and shall be signed by both PURCHASER AND SELLER. This Agreement shall be used as escrow
<br />insuuctiona aubject w the Escrow Agent's usual condition of acceptance.
<br />12. ADDENDUM The additional terms and conditions in the attached addendum [:] A, [:] D. C] olher are made a part of this Agreement.
<br />? ?.,0? 0,, Da[e / 2- &A
<br />URCHASER) (A DRESS AND ZIP CODE)'
<br />Phone:
<br />(ADDRfSS AND 7.IP CODG)
<br />DEPOSIT RECEIPT Receipt is hereby acknowledged, of 5 ? rA Q 19 . ?check [-]note, eamest maney, subject to the terms of the above.
<br />REALTY ONE by: l.? ` .' ffLL' 1.c?:? Phone: O 3?"C9J d d
<br />lQl?J??l.. 4.e?...e e 4'r'1 't ?? ???+ i ?
<br />?CCEPTANCE E acc s he above offer and agrees to pay by irrevocable assigr?ment escro funds, a commission of rS'oLe+.t,"
<br />7 q percent ( r 00 9'0) of the Ewrchase price to Realry One, at Realry One Corporate Center, 6000Rcekside Woods IIlvd.,
<br />Suite 260, Cleveland, Ohio 44131-2350. and
<br />percent ( 9'0) of ihe purchase price to
<br />as the sole procurring agenta in this transaction. SELLF,RS REPRESENT THAT, EXCEPI' AS OTHER WISE UISCLOSED IN WRITING TO PURCHASER, THEY
<br />ARE AWARE OF NO OTHER HIDDEN MATF,RIAL DEFECTS IN THE PROPERTY EXCEPT THE FOLLOWING:
<br />SALE'CONTINGIIVT UPON NORTH OLMSTID CITY COUNCIL APPROVAL WHICH SHALL BE NO
<br />(SELLER)
<br />O?Zo 0 Vp voiz cArivrFn zo
<br />(A? p,4? 3 D??, C°?/- `YllC76
<br />(ADDRESS AND ZIP CODE)
<br />I'hone:
<br />PURCHASERS HEREBY ACKNOWLEllGE AND ACCEPT THE ABOVE DISCLOSURFS MADE I3Y THE SELLERS.
<br />(FIJRC}IASER)
<br />DATF. (PURCIIASGR)
<br />TIIIS ACRF.EMENT IS A LECAL4Y BINDINC COKI'RA(T. IF YOU IIAVF. ANY QUEC'1'I0NS OF LAW, CONSUI; f YOUR A7TC)RN£.Y
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<br />. . . .. .. . . . . ? . i
<br />Time ?/d 1?/1
<br />DATE
<br />Fam No. 16S 10/495
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