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O-62-06 09/11/2006VILLAGE OF LEMONT ORDINANCE NO. 0 v (Oa -06 AN ORDINANCE AUTHORIZING AN AGREEMENT FOR THE PURCHASE OF CERTAIN PROPERTY (600 Stephen Street /410 East Division) ADOPTED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT This 11th day of September , 2006 Published in pamphlet form by authority of the President and Board of Trustees of the Village of Lemont, Counties of Cook, Will, and DuPage, Illinois this 11th day of September , 2006 Aug 29. 2006 4:24P/1 ANTONOPOULOS & VIRTEL PC No,9761 P. 2 61' ORDINAN //r+�1 CE NO. (� C� (n AN ORDINANCE AUTHORIZING AN AGREEMENT FOR THE PURCHASE OF CERTAIN PROPERTY WHEREAS, the Village of Lemont deems it advisable and necessary for the health, safety, and welfare of the residents of the Village of Lemont to provide for the purchase of certain real estate hereinafter described on the attached Exhibit A; and WHEREAS, the Village has authorized by separate Ordinance No. 0 -06 -06 and No. 0 -49 -06 for the purpose of utilizing said property for drainage and flood control and such other purposes as provided for in the Illinois Municipal Code and the State Statutes of the State of Illinois; and WHEREAS, pursuant to said Ordinances the Village is authorized to enter into a Contract for the purchase of said property by way of settlement upon threat of condemnation; and WHEREAS, Dean Gross and Joan Gross have agreed to sell and convey said property for and in consideration of Forty Five Thousand Dollars ($45,000.00) under the terms and conditions set forth in the Contract attached hereto. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT AS FOLLOWS: 1. The foregoing recitals set forth above are hereby adopted and incorporated herein as findings of the Village of Lemont 2. The Mayor, Board of Trustees and Village Administrator are hereby authorized to execute the attached Contract and to acquire title under the terms and conditions set forth therein for a total consideration of Forty Five Thousand Dollars ($45,000.00).. 3. The Mayor of the Village of Lemont is hereby authorized to sign any and all documents necessary and /or reasonably required by the title company to vest title in the Village of Lemont and to authorize the recording and acceptance of said parcel. PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL AND DUPAGE, IL on this 11`" Day of September , 2006 Debby Blatzer Peter Coules Clifford Miklos Brian Reaves Ron Stapleton Jeanette Virgilio Attest AYES NAYS ABSENT ABSTAIN .✓ JOHN F. IAZZA, Village CHARLENE SMOLLEN, Village Clerk resid: t Aug,29, 2006 4 :25PM AI'TONOPOOLOS & UIPTEL PC No.9761 P. 4 EXHIBIT A PROPERTY ADDRESS: 600 STEPHEN STREET A/KIA 419 EAST DIVISION, LEMONT, ILLINOIS 60439 Lot 1 in Brennan's Subdivision of the East 1/2 of Block 2 in Dowses addition to Lemont, being a subdivision in the Northwest 1/4 of the Northeast 1/4 of Section 29, Township 37 North, Range 11, East of the Third Principal Meridian, in Cook County, Illinois. Identified as Permanent Real Estate Index Number: 22 -29- 202 -026. Au8..29, 2006 4:25PiM AP TO OPCJLOS & VIRTEL PC No.9761 P. 5 ILLINOIS WARRANTY DEED Statutory - (Illinois) (Individual to Individual) The Grantors, DEAN GROSS and JOAN GROSS, husband and wife, of the City of Orland Park, County of Cook, State of Illinois for and in consideration of Ten ($10.00) Dollars, in hand paid, CONVEY and WARRANT to THE VILLAGE OF LEMONT, 418 Main Street, Lemont, Illinois 60439, the following described Real Estate situated in the County of Cook, in the State of Illinois, to wit: Lot 1 in Brennan's Subdivision of the East '/x of Block 2 in Dowses addition to Lemont, being a subdivision in the Northwest I /4 of the Northeast 1/4 of Section 29, Township 37 North, Range 1 I , East of the Third Principal Meridian, in Cook County, Illinois. hereby releasing and waiving all rights under and by virtue of the Homestead Exemption Laws of the State of Illinois. SUBJECT TO: General real estate taxes for the year 2006 only; building, building line and use or occupancy restrictions, conditions, and covenants of record; zoning laws and ordinances; easements for public utilities; drainage ditches, feeders, laterals and drain tile, pipe or other conduit. Permanent Real Estate Index Number(s): 22 -29- 202 -026 -0000 Address(es) of Real Estate: Dated this day of September, 2006. 600 Stephen Street a/k/a 410 E. Division, Lemont, Illinois 60439 DEAN GROSS State pf Illinois County of Cook } JOAN GROSS 1, the undersigned, a Notary Public in and for said County in the State aforesaid, DO HEREBY CERTIFY, that DEAN GROSS and JOAN GROSS, husband and wife, are personally known to me to be the same persons whose names are subscribed to the foregoing instrument, appeared before me this day in person, and acknowledged that they signed, sealed and delivered the said instrument as their free and voluntary act, for the uses and purposes therein set forth, Including the release and waiver of the right of homestead. Given under my hand and official seal this day of September, 2006. Mail To: John P. Antonopoulos 15419 127' Street, Suite 100 Lemont, Illinois 60439 Send Tax Bills To; Village of Lemont 418 Main Street Lemont, Illinois 60439 Notary Public Prepared By: John P. Antonopoulos Antonopoulos & Virtel, P.C. 15419 1 27' Street, Suite 100 Lemont, Illinois 60439 Aug.29. 2006 4 :25PM ANTONOPDULCS & VIRTEL PC PTAX -203 Illinois Real Estate Transfer Declaration Please read the instructions before completing this form. This form can be completed electronically at tax.illinois.gov /retd. Step 1: Identify the property and sale information. 1 600 STEPHEN STREET Street adares6 Of property (or 411 adores9. it LEMONT City or village LEMONT variable) 60439 ZIP Township 2 Write the total number of paroels to be transferred. 1 3 Write the parcel Identifying numbers and lot sizes or acreage. Parcel identifying number Lot size or acreage a 22 -29- 202 -026 -0000 b c d Write additional parcel identifiers and lot sizes or acreage in Step 3, 4 Date of instrument: 0 9/ 2 0 0 6 Month Year 5 Type of instrument (Mark with en'x, ): X Warranty deed Quit claim deed _ Executor deed _Trustee deed Beneficial interest _ Other (specify): 6 _ Yes X No Will the property be the buyer's principal residence? 7 _ Yes X No Was the property advertised tor sale? (i.e., media, sign, newspaper, reactor) 8 Identify the property's current and intended primary use. Current Intended (Mark Only one itern per column with an `X!) a x X Land /lot only b Residence (single - family, condominium, townhome, or duplex) c MObile home residence d _ Apartment building (e units or less) No. of unhs: — e Apartment building (over 6 units) NO of units- } Office g_ _ Retail establishment h _ Commercial building ( speciy) • f _ Industrial building Farm Other pa lly): o.9761 P. 6 CfOCI, Gt+tscsi'u'tici l :,y. 9 Identify any significant physical changes in the property since January 1 of the previous year and write the date of the change. Date of significant changer_ (Mark wilt, an "X'') Month Year _Demolition/damage Additions Major remodeling _ New construction Other (specify): 10 Identify only the items that apply to this sale. (Mark with an "X.'') a Fulfillment Of installment contract — year contract initiated b Sale between related individuals or corporate affiliates c Transfer of less than 100 percent interest d Court- ordered sale e _ Sale in lieu of foreclosure f _ Condemnation g Auction sale h _ Seller /buyer is a relocation company i X Seller /buyer is a financial institution or govemment agency l Buyer is a real estate investment trust k Buyer is a pension fund I Buyer is an adjacent property owner m_ Buyer is exercising an option to purchase n _ Trade of property (simultaneous) o _ Sale - leaseback p _ Other (specify): q _ Homestead exemptions on most recent tax bill: 1 General/Alternative $ 2 Senior Citizens $ 3 Senior Citizens Assessment Freeze $ 0.00 0.00 0.00 Step 2: Calculate the amount of transfer tax due. Note: Round Lines 11 through 18 to the next highest whole dollar. If the amount on Line 11 is over $1 million and the property's current use oh Line 8 above is marked 'e , "'t; 'g," "h; '1;' or "k;' complete Form PTAX - 203 -A, Illinois Real Estate Transfer Declaration Supplemental Form A. If you are recording a beneficial interest transfer, do not complete this step. Complete Form PTAX - 203 -13, Illinois Real Estate Transfer Declaration Supplemental Form B. 11 Full actual consideration 12a Amount of personal property included in the purchase 12b Was the value of a mobile home included on Line 12a? 13 Subtract Line 12a from Line 11. This is the net consideration for real property. 14 Amount for other real property transferred to the seller (in a simultaneous exchange) as part of the full actual consideration on Line 11 15 Outstanding mortgage amount to which the transferred real property remains subject 16 If this transfer is exempt, use an "X" to identify the provision. 17 Subtract Lines 14 and 15 from Line 13. This is the net consideration subject to transfer tax. 18 Divide Line 17 by 500. Round the result to the next highest whole number (e.g., 61.00.2 rounds 1062). 19 Illinois tax stamps — multiply Line 18 by 0.50. 20 County tax stamps .-•- multiply Line 18 by 0.25. 21 Add Lines 19 and 20. This is the total amount of transfer tax due. PTA ( -203 (R,8 /05) This form is authorized in accordance with 35 ILLS 200/31-1 et seq. Disc;osure of INS InfOYnlation is REQUIRED. This form has 0e6r1 approved by the Forme Management Center. 11,492.0227 ID:1NT, Declaration Number: W115- W687 -W358 -0191 11 $ 45,000.00 12a $ 0.00 12b _ Yes X No 13 $ 45,000.00 14 15 16 17 18 19 2D 21 $ $ X b 0.00 0.00 k _m 0.00 0.00 0.00 0.00 0.00 Page 1 o14 Aug.29. 2006 4 :25PM ANTONOPOULOS & VI.RTEL PC No.916' P. 7 Step 3: Write the legal description from the deed. Write, type (minimum 10 -point font required), or attach the legal description from the deed, If you prefer, submit an 8V2" x 11" copy of the extended legal description with this form.You may also use the space below to write additional parcel identifiers and Tots Sizes or acreage from Step 1, Line 3. LOT 1 IN BRENNAN S SUBDIVISION OF THE EAST iS OF BLOCK 2 IN DOWSES ADDITION TO LEMONT, BEING A SUBDIVISION IN TIE NORTHWEST 1/4 OF THE NORTHEAST 1/4 OF SECTION 29, TOWNSHIP 37 NORTH, RANGE 11, EA5T OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. Step 4: Complete the requested Information. The buyer and seller (or their agents) hereby verily tnat to the beet of their knowledge and belief, the full actual consideration and %Os stated in this declaration are true and correct. If this trarrSaCtion Involves any real estate located in Cook Count Me buyer and seller (or their agents) hereby verily that to the best of their knowleage, the name dt me buyer shown on the deed or assignment of beneficial interest In a land trust is either a. natural perSQn, an Illinois corporation cr foreign corporation authori2ed to do business or acquire and hold title to real estate in Illinois, a partnership authorized to do business or acquire and holt tlpe to real estate In Illinois, or othr entity recognized Ea a person and authorized to do business or acquire and hold IMe to real estate under the laws of the Slate of Illinois. Any person who wellully falsifies or Omits a information required in this declaration shalt be guilty of a Class B misdemeanor for the first offense and a CIaSS A misdemeanor for subsequent Offenses -An who known I Submits a false statement concerning Me Identity of a grantee shall be guilty of a Class G misdemeanor for the first offense ana of a Clasa A misdemeanor tol'subsequent offense . Seller Information (Please print.) DEAN AND JOAN GROSS Seller 'S or trustee's name 9347 DUMMURRY DRIVE Street addreSS (after sale) Seller's or agent's signature Buyer Information (Please print.) VILLAGE OF LEMONT Suyer'a or trustee's name 418 MAIN STREET Street address ( after sale) Sellers trust number (if applicable - not an SSN or FEIN) ORLAND PARK IL 60461 City State ZIP ( 630 ) 257 -5816 Ext. Seller's daytime phone Buyers trust number (it applicable - not an SSN or FEIN) LEMONT City S 630 ) 257 -1550 Buyer's or agent'S Signature Mall tax bill to: VILLAGE Or LEMONT Name or company Preparer information (Please print.) JOHN P. ANTON0P0UL0S Preparer's and company's name 15419 1277'14 STREET, SUITE 100 Street addreSS 418 MAIN STREET Street address Buyers daytime phone LEMONT Preparers signature avlawoffice®sbcglobal.net City IL 60439 State ZIP EXt. IL 60439 State ZIP Preparer'atile number (it applicable) LEMONT City ( 630 ) 257 -5816 Preparers daytime phone Preparef's e-mail address (if available) Identify any required documents submittal with this kern- (markwnn an "x ") Extended legal description Itemized list of personal property To be completed by the Chief County Assessmenf-Officer County Township Class Cook-atlnor Code 1 Coce 2 2 Board of Review's final assessed value for the assessment year prior to the year of sale. Land , , —, — -- Buildings , - - -, - - -' - -- Total - -, — — — r _-_. — - -- Illinois Department of Revenue Use IL 60439 Stale ZIP Ext. Form PTAX -203 -A Form PTAX -203 -B 3 Year prior to sale — — — — 4 Does the sale involve a mobile home assessed as real estate? _ Yes — No 5 Comments page2 of 4 Tab number Mx-203(81/0a Aug.29. 2006 4:25PM A TO CPOULCS & VIRTEL PC No.9761 P. 8 REAL ESTATE CONTRACT SELLER: Dean Gross and Joan Gross ADDRESS: 9347 Dummurry Drive Orland Park 60461 (CITY) (STATE) (ZIP) BUYER: Village of Lemont ADDREW 418 Main Street Lemont Illinois 60439 (CITY) (STATE) (ZIP) ❑ SINGLE FAMILY ❑ MULTI - FAMILY ❑ TOWNHOUSE ❑ CONDOMINIUM CT VACANT LOT (Check One) Buyer hereby agrees to purchase and Setter agrees to sell the following described real estate, On the terms and conditions herein set forth. DESCRIPTION OE PROPERTY: LEGAL DESCRIPTION (Permission to attach hereto at any time hereafter) Lot 1 in Brennan's Subdivision of the East Yz of Block 2 in Dowses addition to Lemont, being a subdivision in the Northwest 1/4 of the Northeast 1 /4 of Section 29, Township 37 North, Range 11, East of the Third Principal Meridian, in Cook County, IllinOis. Identified as Permanent Real Estate Index Number: 22- 29-202 -026 STREET ADDRESS 600 Stephen Street a /k /a 410 E, Division Lemont IlftfOis (Include "Unit Number" if condominium or townhouse) (CITY) (STATE) LOT SIZE: APPROXIMATELY X X X X X X FEET. IMPROVED WITH together with all appurtenances attached to and forming a pad pf the premises. for which Seller shall deliver a Bill of Sale at time of delivery of deed; PRICE AND TERMS PURCHASE PRICE $ 45,000.00 EARNEST MONEY DEPOSIT In the form of (cash), (personal check), (cashier's check) or judgment not due ) $ BALANCE DUE AT CLOSING $ 45,000.00 THE VILLAGE WILL PAY AND ALL EXPENSES INCURRED, INCLUDING TITLE INSURANCE. FINANCING; Cash peat $ or such lesser sum as Buyer accepts, with interest not to exceed % per year to be amortized over years, the combin a• • -, : on and discount fees for such loan not to eXCeed market %, plus loan processing fees, if any. Buyer shall make written application for su • er, „ in ten (10) days from date of acceptance of Contract, shall cooperate with the lender in supplying all necessary information and docume • = r- -, : • shall diligently attempt to obtain the mortgage described herein. In th event the Buyer is unable to secure such loan commitment, Buyer s a written notice of same to Seller or Seller's attorney, Seller may. at his option, within an equal number of additional days, procure for Buyer - - • a.mmitment or notify Buyer that Seller will accept a purchase money mortgage upon the same terms. In the event neither Buyer nor Sillier -- - •c ban commitment as herein provided within the time allowed, then this Contract shall become null and void and all earnest money shall be - • o : uyer. Buyer shall be allowed to have a mortgage or trust deed placed of record prior to closing, but any delays caused thereby shall not co. - : efautt by the Seller. Seller must allow reasonable inspection of the premises by Buyer's financing agent. Unless a contingent upon sale/dos' on is attached and made pan of this Contract, Buyer represents that his ability to obtain financing is not subject to the sale, closing, or re.: other real estate. Buyer will be deemed to be in default if he obtains a loan commitment conditioned upon the sale, closing. or rental of other in the Amouni CLOSING: The closing shall be on or before (Within 10 days of acceptance) at the office of Buyer's tender, or Title Company POSSESSION: (Select one applicable option) IS Seller shall deliver possession to the Buyer et Closing; OR ❑ Seller shall deliver possession to Buyer within seven (71 days from date of closing with no rent. Seller agrees to pay Buyer for use and occupancy the sum of $ Per day beginning on the eighth day after closing that Seller retains possession, Seiler shall be responsible for heat, utilities and home Page 1 of 4 Aeg•29. 2006 4:25Pv1 A TONOPOULOS & VIRTEL PC No.9761 P. 9 maintenance expenses during said period, and shall deliver possession of the real estate in the same condition as it is in on the date of closing. Should Seller fail to deliver possession to Buyer as agreed, Seller Shall pay to Buyer beginning on the eighth day after closing, the sum of per day until possession is delivered to the Buyer and Buyer shall, in addition to all other remedies, have the immediate right to commence any legal action or proceeding calculated to evict and remove the Seller from the premises. Seller agrees to waive all notices required by the forcible Entry and Detainer Act or any other statute, and consents to an immediate judgment for possession. Seller further agrees to reimburse Buyer for all reasonable attorneys' fees and court costs Buyer may incur in the enforcement of his rights pursuant to this provision. TITLE EVIDENCE: Buyer, at its expense, shall furnish not less than five (5) days prior to the Closing date, a title commitment for an owners title insurance policy issued by an Illinois licensed title insurance company in the amount of the purchase price covering the date hereof subject only to (a) the general exceptions contained in the title policy (except that, where the subject property qualifies as a single family residential unit, the policy shall provide extended coverage over the general exceptions); (b) the title exceptions set forth below; and (c) title exceptions pertaining to liens or encumbrances which have been assumed by the Buyer under the terms hereof or which the Seller has agreed to remove at closing from the proceeds hereunder, Any delay in delivery of the title commitment which is caused by the Buyer. his agent, or his lending agency shall extend the time for delivery thereof by the Seller by such period of delay. If the title commitment discloses exceptions not provided for herein, the Seller shall have until closing to remove said exceptions or to acquire title insurance covering said unpermitted exceptions. If Seller fails to remove said exceptions or obtain additional insurance within the time stated herein, Buyer may elect to terminate this Contract and all monies paid by the Buyer shall be refunded to him. DEED (CONVEYANCE, LIENS, ENCUMBRANCES): Seller shall convey or cause to be conveyed to Buyer, title to the premises by a recordable general warranty deed with release of homestead rights, or trustee's deed if applicable, in joint tenancy, if more than one Buyer, or to Buyer's nominee, subject only to the following permitted exceptions, provided none of which shall materially restrict the reasonable use of the premises as a residence: (a) general real estate taxes not due and payable at the time of closing; (b) building lines and building laws and ordinances, use or occupancy restrictions, conditions and covenants of record; (c) zoning laws and ordinances which conform to the present usage of the premises; (d) public and utility easements which serve the premises; (e) public roads and highways, if any (f) party wall rights and agreements, if any and (g) limitations and conditions imposed by the Illinois Condominium Property Act and condominium declaration, if applicable. PRORATIONS: The following items, if applicable, shah be prorated as of the date of closing: (a) insurance premiums; (b) general real estate taxes for 2006 only, including special service areas, if any; (c) rents and security deposits; (d) interest on mortgage indebtedness assumed; (e) water taxes; (t) homeowners and /or condominium/townhome association dues and assessments; (g) prepaid service contracts. Prorations of general taxes shall be on the basis of 100% of the last ascertainable bit. If said bit is based on a partial assessment or on an unimproved basis for Improved property, a written agreement (with escrow) for final proration when the complete assessment information is available from the County Assessor shall be signed at closing by the parties hereto. SURVEY: all comers staked, under certification by an Illinois licensed and surveyor showing the location of all improveme g Ines. The location of all improvements on the subject property shall be within the lot lines and - • = asements or building lines, and said survey shall show no encroachments from adjoinin• •ro w=. • - -- • -urvey discloses encroachments, these encroachments shall be insured by the title company for COMMISSION: Caakast. ATTORNEY MODIFICATION: The terms of this Contract, except the purchase price, closing date, end possession date, are subject to good faith modification (which may include additional terms) by the attorneys for the parties within three (3) business days from the Contract Date (excluding Saturday, Sunday, and legal holidays). Notice of modification shall be in writing, served upon the other party or his agent, and shall state the specific terms to be modified and the proposed revisions. IN THE ABSENCE OF WRITTEN NOTICE WITHIN THE TIME SPECIFIED HEREIN, THIS PROVISION SHALL BE DEEMED WAIVED BY ALL PARTIES HERETO AND THIS CONTRACT SHALL CONTINUE IN FULL FORCE AND EFFECT. THE PARTIES ACKNOWLEDGE THAT MODIFICATION PURSUANT TO THIS PROVISION SHALL CONSTITUTE A COUNTEROFFER. CLEAN CONDITION: Seller shall leave the premises in broom -clean condition. All personal property not to be conveyed to Buyer and all refuse shall be removed from the premises at Seller's expense by the possession date. Page 2of4 Aug.29. 2006 4 :26PV, ANTO dOPCULOS & VIRTEL PC No.9761 P. 10 PROPERTY INSPECTION CONTINGENCY: (Select one applicable option) eeBuyer declines to have a professional property inspection performed, and this Contract shall not be contingent upon such an Inspection, OR ❑ Buyer shall have the right, for a period of five {5) business days following the date of acceptance of this Contract, to have the subject property and its improvements inspected by a certified home inspection Service of Buyer's choice, and at Buyer's cost. The home inspection shall cover ONLY the major components of the Premises: central heating system(s), central cooling system(s), interior plumbing system, electrical system. all mechanical systems, and structural components, consisting of roof, walls, windows, ceilings, floors and foundation, A MAJOR COMPONENT SHALL BE DEEMED TO BE IN OPERATING CONDITION IF IT PERFORMS THE FUNCTION FOR WHICH IT IS INTENDED, REGARDLESS OF AGE, AND DOES NOT CONSTITUTE A THREAT TO HEALTH OR SAFETY. Buyer shall indemnify Seller and hold Seller harmless from and against any Toss or damage Caused by the acts of negligence of Buyer or any person performing such inspection. BUYER AGREES MINOR REPAIRS AND ROUTINE MAINTENANCE ITEMS ARE NOT A PART OF THIS CONTINGENCY. The parties agree that repairs which do not exceed, in the aggregate, $500.00 to remedy shall be considered minor deficiencies for the purpose of this paragraph and Buyer agrees to assume those repairs with no allowance from Seller. Buyer, within the five (5) business days after acceptance of Contract. shall have the right and option to serve written notice upon Seller, Seller's listing agent, or attorney of the above deficiencies disclosed by the inspection report when the cumulative cost of repair exceeds the limitation set forth herein, and Buyer shall have the right to request repair of all such deficiencies. in the event Buyer makes a request for certain repairs, Buyer shall immediately deliver a copy of the inspection report to Seller. Seller shall, within five (5) business days thereafter, notify Buyer that (I) Seller will repair such deficiencies; (ii) Seller will, at closing, credit the Buyer in en amount equal to the reasonable cost of the repair of such deficiencies; or (iii) Seller proposes to negotiate the cost or Obligation of correcting certain defects: or (iv) Seller will neither repair nor provide a credit. In the event Seller selects option (iv), upon receipt of the Seller's notice, buyer shall within two (2) business days thereafter notify Seller of Buyer's election to either proceed with the transaction, waiving all home inspection repair requests, or declare the Contract null and void, in which case all earnest money shall be promptly refunded to Buyer. The parties hereto agree that the following items are accepted by Buyer "As Is ", shall not be made a part of Buyer's request for repairs, and shall not be further negotiated' IN THE ABSENCE OF WRITTEN NOTICE OF REQUEST FOR REPAIRS FROM BUYER WITHIN THE TIME SPECIFIED HEREIN, THIS HOME INSPECTION CONTINGENCY SHALL SE DEEMED WAIVED BY THE BUYER AND NO LONGER A PART OF THIS REAL ESTATE CONTRACT. OR ❑ The subject property is not served by a community or municipal water and/or sewage treatment 5 t- .. . - - is expense, prior to closing, shall obtain and deliver to Buyer a water test performed by or acceptable to the county in which the pro ..- .• and a septic system test indicating that the system is in proper operating condition and in compliance with applicable state, count utes, Such tests shall be performed not more than 60 days prior to the closing date. If either of said written test reports indicate t at t of potable, that the septic system is not in properly operating condition, or that the systems are not in compliance with the relevant - . re shall have the option to make the necessary repairs and bring the system(s) into compliance prior to the closing date. In the even _ - . not to make the necessary repairs, then this Contract, at the option of Buyer, shall become null and void, and all earnest money shall be Property Disclosure Report, that exist in the event such wri ten the property is located in a special flood d plain hazard ar n Insurance. This option shall not ement number three (3) of a Residential Real Property Disclosure Report executed by both PERFORMANCE/DEFAULT /RELEASE OF EARNEST MONEY; The earnest money and this Contract shall be held by N/A (Esorowee) for the benefit of the parties hereto, and applied to the purchase price at closing. In the event of a default by Seller or Buyer, the parties are free to pursue any legal remedies available at lew or in equity. THERE SHALL BE NO DISBURSEMENT OF EARN EST MONEY UNLESSESCROWEEHASBEENPROVIDEDWITHAWRITTENAGREEMENTFROMSELLERANDBUYER. Absent an agreement relative to the disbursement of earnest money within a reasonable period of time. Escrowee may deposit the funds with the Clerk of the Circuit Court by the filing of an action in the nature of an interpleader. Escrowee shall be reimbursed from the aamast money for court costs related to the filing of the interpleader action. Seller and Buyer hereby indemnify and hold Esorowee harmless from any and all claims and demands arising out of any release of earnest money pursuant to a written agreement of the parties or out order. Time is of the essence. If this Contract is breached or unable to be performed by Seller, then at the Buyer's option, after notice of such breach to the Seller, Buyer may (I) proceed to closing, notwithstanding Seller's failure to perform all of the Seller's obligations. without waiving any other remedies for Seller's nonperformance, or (ii) declare the Contract null and void. If this Contract is breached or is unable to be performed by default of the Buyer. then at the Seller's option after notice to the Buyer, the earnest money shall be forfeited to Seller or disbursed pursuant to the terms of the listing agreement between the Seller and the broker. The foregoing remedies are not intended to be exclusive and the parties shall have the additional right to all other lawful remedies, including specific performance, Damages ana not limited to the amount of the earnest money. In the event of the breach of this Contract, the breaching party shall pay the reasonable attorney fees and court casts incurred by the other party as a result of the breach of this Contract. Page 3 of 4 Aug.29: 2006 4:26PM ANTONOPOULOS & VIRTEL PC GENERAL CONDITIONS AND STIPULATIONS: No.9761 P. 11 (a) Both Seller and Buyer agree to execute all documents and provide all information necessary to enable any lender to issue a commitment for mortgage or trust deed and to close this sale, • •• • •I,• • •• - y. ©AII notices herein required shall be in writing and served upon the parties at the addresses shown on this Contract or upon the attorney for such party. In the event the name and address of the Seller or the attorney for the Seller is unknown, written notice may be served upon the listing broker as agent for such Seller. Facsimile transmission of any offer, acceptance, notice, or rider herein provided to the parties, their broker or attorney, shall Constitute sufficient notice of acceptance. Original documents shall be forwarded In all instances within three (3) business days of such notice, Notice to any one party of a multiple person party shall be sufficient service to ail. (d) This Contract and any riders attached hereto shall constitute the entire agreement and understanding between the Seller and Buyer, and there are no other agreements, representations, or understandings, oral or written, between the parties with respect to the subject matter of this Contract. No alteration, modification, or amendment to this contract shall be valid unless in writing and signed by all parties. (e) This Contract shall be binding upon and inure to the benefit of the parties and their respective heirs, successors, legal representatives and permitted assigns. (f) This Contract is subject to the provisions of Public Act 89 -111 known as the Residential Real Property Disclosure Act, the terms of which are expressly incorporated herein and made a part of this Contract. The Seller represents that the information contained in the disclosure document is accurate as of the contract date. (g) The invalidity of any paragraph or subparagraph of this Contract shall not impair the validity of any other paragraph or subparagraph. If any provision of this contract is determined to be unenforceable by a court, such provisions shall be deemed severable and this Contract may be enforced with such provision severed or as modified by such court. (h) Prior to closing, Buyer shall have the right to enter into and make a fine) inspection of the premises to determine that the premises are in the condition required by the terms of the Contract. if there has been an adverse change in the condition of the premises since the Contract Date, the Seller shall restore the premises to the same condition as it was on the Contract Date, or as called for by the terms of the Contract. (I) Seller shall pay for the State of Illinois and county real estate transfer tax stamps. Any municipal transfer tax shall be paid by the party designated in the ordinance of the municipality imposing the tax. (j) if the improvements on the property shall be destroyed or materially damaged by fire or other casualty prior t0 Closing, the provisions of the Uniform Vendor and Purchaser Risk Act of Illinois shall apply. (k) If the Buyer or Seller under this Contract is an Illinois land trust, the individual beneficiaries thereto have signed their names to this contract to indicate they are the beneficiaries of said trust in order to guarantee their performance of this Contract and to indicate that they hold the sole power of direction with regard to said trust. This Contract and Riders numbered , RESIDENTIAL REAL PROPERTY DISCLOSURE REPORT and LEAD BASED PAINT DISCLOSURE, unless inapplicable, are attached hereto and incorporated herein, shall be executed by Buyer and Seller and one copy thereof delivered to Seller and one copy delivered to Buyer. THIS IS A LEGALLY BIN . G CONT t T HEN SIGNED, IF NOT UNDERSTOOD, SEEK LEGAL ADVICE BEFORE SIGNING, i BUYER(S): �s•�•, �[ SELLER'S); John F- ' - •_ _ • _ Dean Gross BUYER'S); SELLER(S): Joan Gross Date of Offer: Date of Acceptance: (This date shall be inserted only after the parties hereto have agreed to ell the terms and conditions of this Contract and is also referred to herein as the Contract Date). rig IDENTITY OF BROKERS AND ATTORNEYS BUYER'S BROKER: SELLIR'S BROKER: (Company) (Company) Telephone; Telephone # Fax: Fax; (Designated) or (Dual Agent): (Select one) (Designated) or (Dual Agent); (Select one) (Agent's Name) BUYER'S ATTORNEY: John P. Antonopoulos Address: Telephone: (630)257 -5916 Fax: (630) 257 -8619 (Agents Name) SELLER'S ATTORNEY: Address: Telephone: Fax: Page 4 of 4 Sep 11 06 02: 00p . Au8.29. 2646 4:25PM ANTONOPOULOS & VIRTEL PC REAL ESTATE CONTRACT 5EL.IER: , mss and Jo; ross V r BUYER; AD1RE55: Pl* — CYY) i G(rr ISTAATE � O of Lemon ADDRESS: 418 Main Street 0 Btc ewer hereby agre oESCRIp1TON OF attach beret) at -v time hereafter) Lemont (CITY) Illi ois (STATE) U 6WiP RIP) 60439 p.2 No.9761 P. 8 O SINGLE FAMILY O MULTIFAMILY O TOWNHOUSE a CONOOAAINIVM El VACANT LOT (Cie& One) es to purchate and Setter agrees to sell the following described real estate, on the terms and ennd(tfwit heroin set forth_ PROPERTy: LEGAL DESCRIPTION (Permission to Lot 1 in Brennen's Subdivision of the East VI of Bloch 2 in Dowses addkton to Lemont, being a subdivision in the Northwest ire of the Northeast 1 e4 of Secure 29, Township 37 North, RMgB 11, East dl the Third Pnnclpal Meridian, in Identified as Permanent Real Estate index Number: 22- 29- 202.026 STREET ADDRESS 600 Stephen Street MGM 410 E. D.. an LDrOont Y condominium or townhouse) LOT S12E: APPROXIMATELY X_--_____X (C 1MPRoVED WITH together with all appurtenances attached 1e end forming a pan of the premise* for which Seger shall delver a B of a el time of delivery of deed; PRICE AND TERMS pot/CHASE PRIG EARNEST MONEY DEPOSIT 55000.00 Cook County, Illinois, X Illinois (STATE' x x (Include "Unit Number' M the ronh or leash), (personal check), (casraete check) or IuO ment note due ) BALANCE DUE AT CLOSING., Lye rte 2bJ febres :z7, a THE VILLAGE AGE Witt PAY AND ALL EXPENSES INCURRED, INCLUDING TITLE INSURANCE. TD1-0t NE-sr. (3, s1 i✓ o-k- Pa-1d 40 Se 11 •&Y'S , Li- (mil S or such lamer - ' (�•', f} stmt as Buyer accepts, with interest not to exceed ... % per yaw, M be amortized over - - In in eb • Amount Y `: discount fees for filch loan not to exeead ., phis ball proMtSing MOM, ifany, Buyer moll mekewniten date of aVee for of Contract Shall Years, the bomb • on ono dooparate wnh the lender in suppytng all neCesaaty irdormalkn end dodo a...... ion tbr n ten (i 0) tlays from mortgage described Ilereal. In In event V1a Buyer ts uneete 10 Sr =a sudr loan eanenienent, Buyers shed diligently ape Scher may, at his option, wdhin ae aquae number of emotional de evitton notice to 1)' lark to obtain the mortgage upon tau Same terms. In WB event s arowre for :. gamete 3euar yrpurcha elm shin become null and voi rms. eameet met notttwr Boyer nor Sonar , . _ 1oaw cv,nm es nt heroin provided esti me allowed. then Nis Con 0y but an del orreyahaflb0,.. _, Pgageo trust Me time dofineo prior elOtincl Y PrieausedthenDyaheanot...,�:.: - :uyer. Buyerens116eSltowedlehaveamert gageortrustdeedplaxdofrdeeropdortoobS3n9, aeontirgentuponeele/clo - -' •' Mutbythe Seller. Seller must altowmgeoneble Inspection olthe premises by Buyer's finencingagent Wiese on is attached and made pan of [big Contract, Buyer represents that his shitty to obtain fins or " - o - rreeltrehde. Buyer will bedeemedl obeindefaul titheobt5NSaloanCommtmenlconditioned financing m not Subject to the sale. upon the sale. closstg.or rental oiother PEET FINANCING: Cash Deal CLOSiNOt The closing shell be on or before D da _Ceaft St the OA* of Royals lender. or TIII r' POsSESS1ON: (Sclera ono a dr►Banv Seiler shah deliver I/on to the option) BNler shall tl PoaeBSSI� to the 0uyer et casing; OR ewer possession fo Buyer wthin eev_ x+1..1 days glom dale of closing oath no rent. Seller agrees [o B Per day beginning on me eighth day alter dosing that Soler 'Mains possession. Seler a Day Buyer for use and obey responsible for heal, utilities and o�x� the eu.•n Of Sep 11 06 02:OOp . Aua.20. 2006 4:25PM ANTONOPOU1,OS & VURTE! PC No.9761 P. 9 .3 maintenance t>s during said period. and wen deliver poetsessfon of (he real *slate In the same condition as 1 M in on the dale of citing. Should Seller f lte clao$ Buse sagr agreed, Wined-Ian the eighth day after dolng, the sum of per esy until P�aasslon la delivered to r and aN ad on otpaPained' > an and remove the Seller from the premises. Sailer agrese to weir, all notion required t to Entry a nos any a ferA t oron or other statute. . en dq� to evict ate judgment for posseteion. Seller further Buyer f Ma Ponders nand Des era coo or any Buyer statute. cud consents to enforcement of hie righb pursuant to this provision. egret* re1211WtEe Buyer loran reasonable attorneys' (� area court meta Buyar.riey incur In the TITLE EVIDENCE: Buyer, at its expense• shall furnish not lass than Ave (5) days prier to the clOSing date, a tale commitment for en owners ties insurance policy issued licensed tine Ineurence company In NIA amount of the purchase price covering the date herald by an Illinois policy (except diet, where the subMet properly qualifies as • singe family residemlal unit, the pen s provide entende omeens over the Beene in exceptions): (b) the title exception set fern below; and (e) We exception pertaining 10 liens or enoumbrances v eidi have been assumed by the Buyer under the terms hereof which the trlOhm eed to remove at closing Item the premeds hereunder. Any delay in delivery of the title commitment which is caused by the Beyer. Ms agency 'het attend the briefer deli discloses exlceptfore not provided for herein, the Seller abell have until Nosie to ramp a thereof oldwc the Seller 10 try said parted Watley. d the fig commitment etcePllens. IT Seder fads to remove said exce tfons or obtain add 9 Ow said ma stated eds a to acquire title 'neurone* coveting Da d ontr ct an d all mnnrex pale by the Buyer p lowxet Insurance within the tkng sta hemin. Buyer may sled to terminate tits Contract and user ansll be refunded to him. OL'CO (CONVEYANCE, USES, ENCUMBRANCES): Seller shot convey of pause lo be conveyed to Buyer, tent to 1120 premises by a recordable general warranty deed with release of borncsread rights. or trustee's deed a applicable, in joint tenancy, a mere theft one Diner, or to Buyers nominee oubjeet may to the folowf ig pennhted inceptions, presided none of MMaich shag matenasy resent the reaeonabe use of the antelina as 0 residence: (a) general real estate lens net due and payable at the time Moroni* (b) building Ones and bugling laws and ordinances. nee or occupancy mundane, aundtdons Ong covenantee? record: (c) zoning laws and ondlnences Mkt rxmform to tin present usage of the premises; (d) public and ueMI easements which nerve life premises t agreements. if any and fg) 'irritations end condition r (1 publly Acton and ndorne ds, raw ra piny app rights are r : +,'Y� Unpaged by the Wools Condominium P ,:,,. -,j-��, Property Act and mrrdommk,m dectaolWn, if applicable. ;., c• PROBATIONS: I 1 1/`S l� I (..(. Not } Y_ (-I O:*& - , 12 -8 ( /104 roe e l l red l Fitly f .. ... t�.e �. .S� � . � � tie eewrify depoaUs: (d) interest on mortgage end U -2 LY3.� e°ndaraxxiam/rvmhame eftaaotaQgn dun . its damns; (d) ��� •taxlrebe aloreeb'ahsrs snorer ascertainable pal Hsale bin Is b "" ens ofgeneral tenet shall be on the basis pf 1) for p1 Me last Imier allatlM of on an unrmp�prev • baesarMm informatlob eutvednabl fro tie. r•-• dited.at S a wrilOen agreement (4rnh escrow) yon Rnel SURVEYS 2-D 0� c 'LOO.. , ' f U. "p0 ('°i "�"an be sfgnad.a.ua�."" y MI corers staked, under certification by an IIIMots licensed land surveyor showing Mat anpromments on the eubject property shefl be wrtNn the lot lens a encroachments from adjeinin COMMISSION: location of all Impre - Aeuffdl I The Joanne scroaes env0echmenb, these enensadmarte shah be Unwed by survey sea show fie by hllecaANarxyfor ATTORNEY MODIFICATION; The terms of this Contract, except Ma purchase prior, closing date, end ponsesabn dale, are subject to good te1h modification (which may include addilbnal lemma by the attorneys for the panne within three (3) business days loom the Comsat Date (excluding Saturday, Sunday, ano legex hoWsys). Notre or modlaeeUon shag be in wising, served open the other party er 110 agent. and snail elate the swift tens to be modified and the propoase revislens. IN THE AND ABSENCE OF WRITTEN NOTICE WITHIN THE TIME SPECIFIED HEREIN. THIS PROVISION SHALL I3E DEEMED WAIVED BY ALL PARTIES HERETO AND THIS 3 SHALL CONTINUE IN FULL FORCE AND EFFECT. THE PARTIES ACKNOWLEDGE THAT MODIpCAT10N PURSUANT TO THIS CONSTITUTE A COUNTEROFFER. CLEAN CONDITION: Seller shelf leave the prernlsaa in broom -clean coed -don. Al personal property not to ue mrweyed to Buyer and are refuse shall be removed from the Serer's expense by the possession dale. premises al Pepe 2 of 4 Sep 11 06 02:Olp Aus.29. 2006 4:26PM ANTONOPOULOS & VIRTEL PC No•9761 P. 10 p.4 PROPERTY INSPECTION CONTINGENCY: (Select ono applicable option) "(Buyer deelhres to have a professional property lnepelbn performed. end this Contract •halt not be contingent upon such en impaction. OR a Buyer shall have the right. fora period Other (6) Main to days following the date of acceptance of Ills Central, to have the subject property and its improvements inspected by a ceetled hone Mspollon sehece of Buyer's (Motce, and al Buyer'• cost. Tne home inspection shell cower ONLY the major components of the Premises: central healing systemis), central cooing system(s), interior plumbing system, elephloal system. am mechanical Systems, and struetrrai eomponente, pensioning of roof, walla. windows, essage, floors ON foendatbn. A MAJOR COMPONENT SHALL BE DEED TO BE W OPERATING CONDITION IF IT PERFORMS THE FUNCTION FOR WHICH IT 15 INTENDED, REGARDLESS OF AGE, AND DOES NOT CONSTITUTE A THREAT TO HEALTH DR SAFETY. Buyer shell indemnity Seiler and hold Seller herrn les a from and against any loss ordemage caused by the sets of negligence of Buyer or any person performing such pactlon. BUYER AGREES MINOR REPAIRS AND ROUTINE MAINTENANCE ITEMS ARE NOT A PART OF THIS CONTINGENCY. The polities agree that repairs tdileh oo not exceed, in the aggregate. 8500.00 1.0 remedy shelf be considered minor defdertNea for the purpose of this parogreph and Buyer agrees to assume (hose repair. with no allowance from Safer. Buyer, within the Ave (S) business days after acceptance of Contract. shell nave the right and option to Serve Written notice Wen Seller, Sellers Bating agent. orattomey of the above deficiencies dlagpsed by the Inspection report the limitation set forth heroin, and Buyer shall have the ht to when the request cost of repoit exceeds shall immediately deliver a copy of the inspection MO B repaF Of all ve j5) buefe In days event Buyer mfkya a re r that hat der Sellers repep i Buyer denoiencies; II Seller wig, des report to mount Seller spelt aSo within tine (5) t r ille re days such i notify Boyer a le Seller will repair such the cost or obl igationofeenpOling certain dekds ;o (iv)Setbarwil neither repair K irprovideee c,diit in eventSeiterrse 1p'or(Niv, upon receipt dmSeilees mitre, buyer shall whhM two (2) business days thereafter notify Seller of Buyer's elemion to either proceed with the transaction �a (iv), alt home ins eIhon repair requests, Drdeclare the Contract OUP and void, in which case all earnest money shall be promptly refunded haetoag all home inspection following moms are accepted by Buyer "As le'. shall nat be made s port of B P D Y ed to Buyer, The patties hereto agree that the folbiMrp hems lee Buyer's request for repairs, and shall not be turthernego8ait'd; IN THE ABSENCE OF WRITTEN NOTICE OF REQUEST FOR REPAIRS FROM BUYER WITHIN THE TIME SPECIFIED HEREIN, THIS HOME INSPECTION CONTINGENCY SHALL BE DEEMED WAIVED BY THE BUYER AND NO LONGER A PART OF THIS REAL ESTATE CONTRACT. . o The subject properly is not served a communn or municipal w OR by y p water anchor stowage treatment a - : experts, prior to t cioshig. system than Obta in end ddW, rtpeuyerawalerteslperfonthedbyoracoephbfetomecounryMwhirhthe •m•._,. - .•r:- ,andase tjca aperadneoondinon andln corn aonorwith e t D i rio m feet that 60 d ys Motto b in proper If either of said written test o PP twOre stet,, OOUM - . r es. Such hails shall be performed not more than 60 days Mot to tyre deaing dstIn reports indica a ,. potable, that the emetic system in and in property operating condition, or that the systems are not In IR the with Me relevant ,: • ... = shall have the option to make the neoess.y repairs and bring the s of to make the necessary repairs. then Ibis Contract, at the *mien of Bu become into Votd. and elp arse the money data. P Yes: chap br'cam' null end veld and of earnest money shah be f r MN: exist to the avont sucn wit en property is located Ina special flood mein hazard a Property Disclosure Repoli, that th e m num oo • insurance. This option shall nol er three (3) of a Residential Real Property Disclosure Rapers executed by both PERPORMANCEIDEFAl1LT/NELEASE OF EARNEST MONEY: The earnest money and this Contract shall be held by ISA Eserewa for the benefit of the anise hereto, and applied to Me eleaing. in the anent of a defaud Seller or Buyer, ( ) P PD purchase price at by yes, pane* are free le pursue any legal remedies available al loco or in equity. THERE SHALL AG 140 DISBURSEMENT OP EARNEST MONEY UNLESS ENCROWEE HAS SEEN PROVIDED WITH A WRITTEN AGREEPeENT FROM BELLER AND BUYER. Absent an 'movement relative to the disbursement 01 serest money%Agee! a reasonable period dense. Escrowee mayeeposlt the Nnda with the Clerk of the Circuit Court by the Sang of an action In the nature of on interpleader. Eacrewee shell be reimbersed hem the earnest manly for court costs related to the Nine orthe interpleacer action. Seller and Buyer hereby indemnity and hold Escrows, harmless from any and all calms and demands arising out Dr any release of earnest money pursuant to a written agreement of the penile Of court order. Time is of the essence. If this Centred Is breached or unable to be performed by Saner, then at the Buyer's option. after notice of such breach to the Seller. Buyer may (t) proceed to closing, notwithstanding Seller's failure to perform all of the Sellers Obrigabons• without warvinO any other remedies for Seller's nonperformance• or(II) declare the Canbact nun and void. II Ws Centre& b breached or rs unable to be performed by default of the Buyer, then at the Sellers option after nonce to the Buyer, the gamest money shall be forfeited reed pursuant to me teens of the listing ed flva a to Salter or shalt agreement heM,onthe Seller antl the broker. Theforegoing remedies are not irxandadrobat► xduslve, ntl the partbeahaNhave the etldrttan .r right loarl other laWfui remedies, Inducting specific performonoe, Damages Om not I ndted to the amount of the earnest money. In the event of the breach of We Contract, the breaching party shim pay the reasonable attorney fees end court costs incurred by the Other party as a result of the breach et this Contract, Pape 3 or 4 Sep 11 06 02:01p Aug -Z9. 2006 4: • r 's. ANTONOPOOLQS & VIRTEL PC GENERAL CONDrT,ONS AND ST1p(R.ATIONS: (a) Bath Soler and Buyer agree to execute as docvrilafne end provide all Mfermalion necessary to enable any lender to ISSUe o commitment for mongege or trust deed end 10 close the sale, CM excem herein - _ loweraaeedin Y _... e. Vie name and mghired shalt be i n Ong and served upon Ulm partlee at the eddreeSes 'howl On thin Contractor upon the atlomey fur such patty. In the event address of Me Serer or the uttmray for the Seller 1. unknown, wrb/n notice may be served n trenamlesion of any offer, acaeplanes, notice, orrider herein provided In tM opine* constitute broker es agent a or c! Seller. acceptance. O dmas documents choir be forwards_d in et Instances witrN three (3) bush' tM odes. r o tics M yy one party ofd au agpi rd rayon p hell b Original service to alt ass deers el ouch nodes. Notice to any one parry of e multiple person parry shat) be suticlent (d) This Contras end any nacre ettaitad hereto *WI constitute one enare agreement and underslanoa)g between the Seller and Buyer, and there are no other agreements, repressn efbns, or wderslendtno. orator mitten, between the panes wiel seepeut Millie subject mater of this Content. No .harm /on, modificabon. or amendment to this cantrect shag be vane unless In veiling and signs by en parties. (e)1111 Contract shall be binding upon end knee IP this berme' of the *inlet and thou momently' heirs, sue wars, legal representatives end permitted assigns. (f) This Contract le subject to the provisions of Public Ant ag.1 i 1 known as ere Residential Rey Property OiSgosursAct, the terme ofwhioh are er:namely incorporated herein and made a pert *this Conted. The Seiner represents that the leformatlen contained In Me disclosure document Is accurate as anus Cenlract date. cent/act e invalidity of any aerograph or subparagraph of MIS Cordreer Shah not impair the validity of any other paragraph or subper graph. natty provision of thin determined to be unenforosabte ey s court, such provisions ghee be deemed severable and ihl* Contract may be enforced with such provlabn severed or ea moaned by such court. (h) Prior to posing, Buyer shag haws the nigh! to ender Into end maim a fins) Inspection of them/muses to determine am the premises are M the condition required by the terms of the Contract. Valera lera has been an adverse change In act cendaipn of the premises *nee she Centre* Dale, the dieter shall restore the premises he some condhlon es It wee on the Contract Date, at es rasped for by the leims Maw Centred, (I) half pay farina State of Winos andoeu r 1 of the municipality imposing the Ink sit aetOre transfer tax stamps. Any municipal transfer bushel be paid by the pang designated In the ordinance (I) If the improvements on the en7perty slier be destroyed or materially damaged by are or other casualty peer to peeing, use masking of the UnIbrm Vendor and Pwcheeer Risk AM or Illinois .hall apply. (W If the Buyer or Seder ender this Contract Is an Illinois lent trust, the individual benefidedes thereto have signed their nemen to ibis Contract to etrfieate they are the beneficiaries at said trust in ordertoguaranteetheyperformancecl adsContractandtoindks tethattheyholdthesolepowerefdiroctionaintrega rdtomaidtrust. This Corrlraet end Riders numbered and LEAD BASED PAINT DISCLOSURE, f IDENT(AL REAL PROPERTY DISCLOSURE REPORT thereof rteevered to Seller and one unless rosppyeable, are attached hereto and incorpOneNd herein. shag be tshscuted by Buyer and Server and one copy THIS IS A I- ECALLY BINDING CONTRACT WHEN SIGNED. IF NaT UNDERSTOOD, SEEK LEGAL ADVICE BEFQRES/ONING. BUYER(S)1 i _ John F. Piar�, Lemont of Leont sEL(£R( r. BUYER(S): Dean Gross SeLLER(S): p.5 No.9161 P. 11 Oahe or Offer: OLIVER'S BROKER: Telephone:_ Fax: Joan Gross Date of Acceptance: (Thistle* shag be Inserted only after the parties henito have agreed to ell the terms and pondroona vitals Contract and is Woo referred to heroin as the Contract rata), iOENTRY OP EROKER AND ATTORNEYS (Company) SELLERS BROKER / 6{Q Telephoned (ComPanY) Fes: (Designated) or (Dual Agent): (Select one) ( Deeignated) er (Dual Agent) (Seder 0410) BUYER'S (Agent'* Name) ATTORNEY' Jahn P. Anto n poWOs Address: Telephorie (030) 257-5111 Far: B3 257.84119 SELLER'S ATTORNEY: Admen: (Agent* Name r7E Fax: Pagenofe Y7