HomeMy WebLinkAboutRes 35-17 10/17/2017 Approving Sale of Property 2004 West Scott TerraceRESOLUTION NO. 35-17
A RESOLUTION APPROVING SALE OF PROPERTY AND AUTHORIZING
EXECUTION OF REAL ESTATE PURCHASE AND SALES CONTRACT
(2004 WEST SCOTT TERRACE)
WHEREAS, the Village of Mount Prospect, Illinois ("Village") is a home rule unit
of local government pursuant to Article 7, Section 6 of the Constitution of the State of
Illinois; and
WHEREAS, pursuant to Article 7, Section 6 of the Illinois Constitution, the
Village, as a home rule municipality, is authorized to enter into contracts for the sale and
purchase of real property; and
WHEREAS, the Village has determined it is necessary and desirable to sell
certain real property commonly known as 2004 West Scott Terrace, Mount Prospect,
Illinois, with Permanent Index Number 08-10-400-019-0000 (the "Subject Property"), as
legally described in Exhibit A, attached hereto and made a part hereof, and to execute
the Real Estate Purchase and Sales Contract (the "Contract') relative to the sale of the
Subject Property, said Contract attached hereto as Exhibit B and made a part hereof;
and
WHEREAS, the Village and the buyer of the Subject Property have agreed to a
purchase price for the Subject Property; and
WHEREAS, the Village has determined that the sale of the Subject Property by
the Village is for a reasonable price, and is in the best interests of the Village.
NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS
AS FOLLOWS:
IESMON E: That the recitals set forth hereinabove are hereby adopted and
incorporated as if fully set forth herein.
That under the authority vested in the corporate authorities
of the Village, pursuant to Article 7, Section 6 of the Illinois Constitution, it is necessary
and desirable for the Village to sell the Subject Property in accord with the terms and
conditions set forth in the Contract attached as Exhibit B.
SECTION THREE: That the Board of Trustees hereby ratifies and authorizes the
Village Manager to sign and execute the Contract for the sale of the Subject Property,
substantially in the form attached as Exhibit B. Any minor amendments to the Contract
made hereinafter shall be subject to the approval of the Village Manager without further
action of the Board of Trustees.
385939_1
SECTION FOUR: That the Board of Trustees hereby authorizes the Village
Manager to execute any and all additional necessary documents to complete the sale
and conveyance of said Subject Property to the Buyer following the approval of this
Resolution.
SECTION FIVE: This Resolution shall be in full force and effect immediately
upon its adoption.
ADOPTED this 17th day of October, 2017, by the following roll call vote:
VOTE: AYES Grossi, Hatzis, Hoefert, Rogers, Saccotelli, Zadel
NAYS None
ABSENT None
PASSED and Approved this 17th day of October, 2017.
Arlene A. Juracek"
Village President
ATTEST:
KarenM Agornos� ...... ........���w
Village Clerk
385939,_1
007-01111!MM, MMill1i
LOT 16 IN KAPLAN'S-BRAUN'S FOREST VIEW ADDITION TO MOUNT PROSPECT BEING A
SUBDIVISION IN THE WEST 'i4 OF THE SOUTHEAST % OF SECTION 10, TOWNSHIP 41
NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY,
ILLINOIS, ACCORDING TO THE PLAT THEREOF REGISTERED IN THE OFFICE OF TITLES
OF COOK COUNTY, ILLINOIS ON MARCH 24, 1996 AS DOCUMENT NUMBER 2262392, IN
COOK COUNTY, ILLINOIS.
P. I, N, : 08-10-400-019-0000
Property Address: 2004 West Scott Terrace, Mount Prospect, Illinois 60056
385939_1
EXHIBIT B
Real Estate Purchase and Sales Contract
2004 West Scott Terrace, Mount Prospect, Illinois
3859391
W5,
eery 3 MULTI -BOARD RESIDENTIAL REAL ESTATE CONTRACT 6.1
s pr[
i . THE PARTIES: Buyer and Seller are hereinafter re red to as the "Parties",
2 Buyer Name(s) !Please tttl �" �" Pk & / � Ci
3 Seller Name(s) [please print] /r'�
4 If Dual Agency Applies, Complete Optional Paragraph 31.
5 2. THE REAL ESTATE: Real Estate shall be defined as the property, all improvements, the fixtures and Personal
6 Property included therein. Seller agrees to convey to Buyer or to Buyer's designated grantee, the Real Estate
7 with approximate lot size or acreage of 71X125 commonly known as:
8 2004 W Scott TER MOUNT PROSPECT IL 60056
9 Address.
State zip
10 Gook City
08104000190000
11 Cour Unit 1
county (If applicable) ........ _.._ Permanent Index Number(s) of Real Estate
12 If Condo/Coop/Townhome Parking Is Included: # of spaces(s) identified as Space(s) #
13 [check typel7deeded space, PIN: Dimited common ele certassigned space.
14 3. PURCHASE PRICE: The Purchase Price shall be $ 15000 Cofter the payment of
15 Earnest Money as provided below, the balance of the Purchase Price, as adjusted by proration, shall be paid at
16 Closing in "Good Funds" as defined by law.
17
EARNEST MONEY: Earnest .Money shall be held in trust for the mutual benefit of the Parties by (check one):
1stifial
eller's 'Brokerage; buyer's Brokerage, s otherwise agreed by the Parties, as "'Esc:�wee'",
19 Earnest Money of __..... shall be tendered to Escrowee on or before day(s) after Date
20 of Acceptance. Additional Earnest Money of $ shall be tendered by 20
21 5. FIXTURES AND PERSONAL PROPERTY AT NO ADDITIONAL COST: All of the fixtures and included Personal
22 Property are owned by Seller and to Seller's knowledge are in operating condition on the Date of Acceptance,
23 unless otherwise stated herein. Seller agrees to transfer to Buyer all fixtures, all heating, electrical, plumbing,
24 and well systems together with the following items of Personal Property at no additional cost by Bill of Sale at
25 Closing [Check or enumerate applicable items]:
26 efrigerat;or eratral Air Conditioning ntraal Humidifier i,g,ht Fixtures, as they exist
27 en/Ilaange,� ove indoor Air Conditioner(s) titer Softener (owned) uilt-in or attached shelving
28 lcrowave ling Fan(s) p �P(s) ted tie
29 lshwasher tercoan system lectrontc of Media Air Filter(s) fisting Storms and Screens
30 arbage Disposal +ckup Generator System entaal Vac & Equipment Ireplace Scme wDooes/Grates
31 rash Compactor tellite Dish rity System(s) (owned) lreplecee Gas Logs)
32 asher tdoor Shed arage Door Opener(a) Feriaesysteap Collar &Box
33 ryes need Vegetation with all Transmitters rnoke Detectors
34 tta hed Gas Grill tdoor Play Set(s) �L� Tacked Down Carpeting rbon Monoxide Detectors
35 Other Items Included at No Additional Cost:
36
37 Items Not Included:
38
39 Seller warrants to Buyer that all fixtures, systenks and Personal Property included in this Contract shall be in
40 operating condition at Possession except
41 A system or item shall be deemed to be in operating condition if it performs the function for which it is
42 intended, regardless of age, and does not constitute a threat to health or safety.
43 If Home Warranty wi11 be provided, complete Optional Paragraph 34.
Buyer Initial �4 Buyer .Initial Seller Initial Seller Initial
Address. 2004 W Stott TER MOIL ROSPECT IL 00056 v61
Pave 1 of 13
44 S. CLOSING: Closing shall be on 20 -LL or at such time as mutually agreed by the
45 Parties in writing. Closing shall take place at the escrow office of the title company (or its issuing agent) that will
46 issue the Owners Policy of Title Insurance, situated nearest the Real Estate or as shall be agreed mutually by the Parties.
47 7. POSSESSION: Unless otherwise provided in Paragraph 40, Seller shall deliver possession to Buyer at Closing.
48 Possession shall be deemed to have been delivered when Seller has vacated the Real Estate and delivered keys
49 to the Real Estate to Buyer or to the office of the Seller's Brokerage.
50 8. MORTGAGE CONTINGENCY: If this trawdion is NOT OONTINGENT ON FINANCING, Optional ftagmpll 36 a) OR
51 Paragraph 36b) MUSTBE USED. If uWportion ofh36isused the pmvisions offt Parigmph8areNOT
APPIJCABLF-
52 This Contract is contingent upon Buyer obtaining a [check on4E]fixed;0ad)ustable; [check one) cmventional;
53 OFHA/VA (if FHA/VA is chosen, complete Paragraph 37); ❑ other `<� loan for %
54 of the Purchase Price, plus private mortgage insurance (PMI), if required, with an interest rate (initial rate if an
55 adjustable rate mortgage used) not to exceed `-, per annum, amortized over not less than years.
56 Buyer shall pay loan origination fee and/or discount points not to exceed . of the loan amount. 'Buyer
57 shall pay usual and customary processing fees and closing costs charged by lender. (Complete Paragraph 35 if
58 closing cost credits apply).
59 Buyer shall make written loan application within five (5) Business Days after the Date of Acceptance; failure to
60 do so shall constitute an act of Default under this Contract. [Complete both a) and b)]:
61 a) Not later than „ _ „ 20 J (if no date is inserted, the date shall be twenty-one (21) days after
62 the Date of Acceptance) Buyer shall provide written evidence from Buyer's licensed lending institution
63 confirming that Buyer has provided to such lending institution an "Intent to Proceed" as that term is defined
64 in the rules of the Consumer Financial Protection Bureau and has paid all lender application and appraisal
65 fees. If Buyer is unable to provide such written evidence, Seller shall have the option of declaring this
66 Contract terminated by giving Notice to the other Party not later than two (2) Business Days after the date
67 specified herein or anyqrc nsion date agreed to by the Parties in writing.
68 b) Not later than 20 . (if no date is inserted, the date shall be sixty (60) days after the
69 Date of Acceptance) Buyer shall provide written evidence from Buyer's licensed lending institution
70 confirming that Buyer has received a written mortgage commitment for the loan referred to above. If Buyer
71 is unable to provide such written evidence either Buyer or Seller shall have the option of declaring this
72 Contract terminated by giving Notice to the other Party not later than two (2) Business Days after the date
73 specified herein or any extension date agreed to by the Parties in writing.
74 A Party causing delay in the loan approval process shall not have the right to terminate under either of the
75 preceding paragraphs. In the event neither Party elects to declare this Contract terminated as of the latter of
76 the dates specified above (as may be amended from time to time), then this Contract shall continue in full
77 force and effect without any loan contingendes.
78 Unless otherwise provided in Paragraph 32, this Contract shall not be contingent upon the sale and/or
79 closing of Buyer's exiating real estate. Buyer shall be deemed to have satisfied the financing conditions of this
80 paragraph if Buyer obtains a loan commitment in accordance with the terms of this paragraph even though the
81 loan is conditioned on the sale and/or closing of Buyer's existing real estate.
82 9. STATUTORY DISCLOSURES: If applicable, prior to signing this Contract, Buyer:
83 [check one] Ohas Qhas not received a completed Illinois Residential Real Property Disclosure;
84 [check one] ®has []has not received the EPA Pamphlet, "Protect Your Family From Lead In Your Home";
85 [check one]sts,
s not received a Lead --Based Paint Disclosure;
86 [check one] has not received the IENM "Radon Testing Guidelines for Real Estate Transactions";
Buyer Initial Bayer Initial Seller lnitial Seller Initial
Address, 2004 W Srco t TER MM/ OU PROSPECT IL 60058 v6.1
Page 2 of 13
87 !check one10has Phas not received the Disclosure of Information on Radon Hazards
88 10. PRORATIONS: Proratable items shall include without limitation, rents and deposits (if any) from tenants;
89 Special Service Area or Special Assessment Area tax for the year of Closing only; utilities, water and sewer; and
90 Homeowner or Condominium Association fees (and Master/Umbrella Association fees, if applicable).
91 Accumulated reserves of a floc eowner/ :ondomirdunn Association(s) are not a proratable item. Seller
92 represents that as of the Date of Acceptance Homeowner/Condom niurn Association(s) fees are
93 per (and, if applicable Master/Umbrella Association fees are $ \ per 1.
94 Seller agrees to pay prior to or at Closing any special assessments (by any association or governmental entity)
95 confirmed prior to the Date of Acceptance. Special Assessment Area or Special Service Area installments due
96 after the year of Closing shall ,not be proratable items andshall be paid by Buyer. The general !teal Estate taxes
97 shall be prorated as of the date of Closing based on J10 % of the most recent ascertainable full year tax bill, All
98 prorations shall be final as of Closing„ except as provided in Paragraph 22. If the amount of the most recent
99 ascertainable full year tax bill reflects a homeowner, senior citizen or other exemption, a senior freeze or senior
100 deferral, then Seller has submitted or will submit in a timely manner all necessary documentation to the
101 appropriate governmental entity, before or after Closing, to preserve said exemption(s). The requirements of
102 this Paragraph shall survive the Closing.
103 11, ATTORNEY REVIEW: Within five (5) Business Days after Date of Acceptance, the attorneys for the respective
104 Parties, by Notice, may:
105 a) Approve this Contract, or
106 b) Disapprove this Contract, which disapproval shall not be based solely upon the Purchase Price; or
107 c) Propose modifications except for the Purchase Price. If within ten (10) Business Days after the Date of
108 Acceptance written agreement is not reached by the Parties with respect to resolution of the proposed
109 modifications, then either Party may terminate this Contract by serving Notice, whereupon this Contract
110 shall be null and void; or
111 d) Propose suggested changes to this Contract. If such suggestions are not agreed upon, neither Party may
112 declare this Contract null and void and this Contract shall remain in full force and effect.
113 Unless otherwise specified, all Notices shall be deemed made pursuant to Paragraph 110. If Notice is not
114 served within the time specMed herein, the provisions of this paragraph shall be deemed waived by the
115 Parties and this Contract shall remain in full force and effect.
116 12. PROFESSIONAL INSPECTIONS AND INSPECTION NOTICES: Buyer may conduct at Buyer's expense (unless
117 otherwise provided by governmental regulations) any or all of the following inspections of the Real Estate by
118 one or more licensed or certified inspection services: home, radon, environmental, lead-based paint, lead-based
119 paint hazards or wood -destroying insect infestation.
120 a) Buyer agrees that minor repairs and routine maintenance items of the Real Estate do not constitute defects
121 and are not a part of this contingency. The fact that a functioning major component may be at the end of
122 its useful life shall not render such component defective for purposes of this paragraph. Buyer shall
123 indemnify Seller and hold Seller harmless from and against any Ioss or damage caused by the acts of
124 negligence of Buyer or any person performing any inspection. The home inspection shall cover only the
125 major components of the !teal Estate, including but not limited to central heating system(s), central cooling
126 system(s), plumbing and well system, electrical systema, roof, walls, windows, doors, ceilings, floors,
127 appliances and foundation..A major component shall be deemed to be in operating condition if it performs
128 the function for which it is intended, regardless of age, and does not constitute a threat to health or safety. If
129 radon mitigation is performed, Seller shall pay for any retest.
Buyer Initial Buyer InitialSeller Initial Seiler Initial
Address 2004 W Boott TSR MOLll T PROSP CT IL 60056 v6.1
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130 b) Buyer shall serve Notice upon Seller or Seller's attorney of any defects disclosed by any inspection for which
131 Buyer requests resolution by Seller, together with a copy of the pertinent pages of the inspection reports
132 within five (5) Business Days (ten (10) calendar days for a lead-based paint or lead-based paint hazard
133 inspection) after the Date of Acceptance. If within ten (10) Business Days after the Date of Acceptance
134 written agreement is not reached by the Parties with respect to resolution of all inspection issues, then either
135 Party may terminate this Contract by serving Notice to the other Party, whereupon this Contract shall be
136 null and void.
137 c) Notwithstanding anything to the contrary set forth above in this paragraph, in the event the inspection
138 reveals that the condition of the Real Estate is unacceptable ' to Buyer and Buyer serves Notice to Seller
139 within five (5) Business Days after the Date of Acceptance, this Contract shall be null and void. Said Notice
140 shall not include any portion of the inspection reports unless requested by Seller.
141 d) Failure of Buyer to conduct said inspection(s) and notify Seller within the time specified operates as a
142 waiver of Buyer's rights to terminate this Contract under this Paragraph 12 and this Contract shall remain
143 in full force and effect.
144 13. HOMEOWNER INSURANCE: This Contract is contingent upon Buyer obtaining evidence of insurability for an
145 Insurance Service Organization HO -3 or equivalent policy at standard premium rates within ten (10) Business
146 Days after the Date of Acceptance. If Buyer is unable to obtain evidence of insurability and serves Notice
147 with proof of same to Seller within time specified, this Contract shall be null and void. If Notice is not
148 served within the time specified, Buyer shall be deemed to have waived this contingency and this Contract
149 shall remain in full force and effect.
150 14. FLOOD INSURANCE: Buyer shall have the option to declare this Contract null and void if the Real Estate is
151 located in a special flood hazard area. If Notice of the option to declare contract null and void is not given to
152 Seller within ten (10) Business Days after the Date of Acceptance or by the time specified in Paragraph 8 b),
153 whichever is later, Buyer shall be deemed to have waived such option and this Contract shall remain in full
154 force and effect. Nothing herein shall be deemed to affect any rights afforded by the Residential Real Property
155 Disclosure Act.
156 15. CONDOMINIUM/COMMON INTEREST ASSOCIATIONS; (If applicable) The Parties agree that the terms
157 contained in this paragraph, which may be contrary to other terms of this Contract, shall supersede any
158 conflicting terms.
159 a) Title when conveyed shall be good and merchantable, subject to tercets, provisions, covenants and conditions
160 of the Declaration of Condominium/Covenants, Conditions and Restrictions ("Declaration/COW) and all
161 amendments; public and utility easements including any easements established by or implied from the
162 Declaration/CCIts or amendments thereto; party wall rights and agreements; limitations and conditions
163 imposed by the Condominium Property Act; installments due after the date of Closing of general
164 assessments established pursuant to the Declaration/CCRs.
165 b) Seller shall be responsible for payment of all regular assessments due and levied prior to Closing and for all
166 special assessments confirmed prior to the Date of Acceptance.
167 c) Seller shall notify Buyer of any proposed special assessment or increase in any regular assessment between
168 the Date of Acceptance and Closing. The Parties shaU have three (3) Business Days to reach agreement
169 relative to payment thereof. Absent such agreement either Party may declare the Contract null and void.
170 d) Seller shall, within five (5) Business Days from the Date of Acceptance, apply for those items of disclosure
171 upon sale as described in the Illinois Condominium Property Act, and provide same in a timely manner, but
172 no later than the time period provided for by law. This Contract is subject to the condition that Seller be able
Buyer initial � � Buyer Initial Seller Initial Seller Initial
Address: 2004W Scott TER MIUIL 60036 v6.1
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173 to procure and provide to Buyer a release or waiver of any right of first refusal or other pre-emptive rights to
174 purchase created by the Declaration/CCRs. In the event the Condominium Association requires the personal
175 appearance of Buyer or additional documentation, Buyer agrees to comply with same.
176 e) In the event the documents and information provided by Seller to Buyer disclose that the existing
177 improvements are in violation of existing rules, regulations or other restrictions or that the terms and
178 conditions contained within the documents would unreasonably restrict Buyer's use of the premises or
179 would result in financial obligations unacceptable to Buyer in connection with owning the Real Estate, then
180 Buyer may declare this Contract null and void by giving Seller Notice within five (5) Business Days after the
181 receipt of the documents and information required by this Paragraph, listing those deficiencies which are
182 unacceptable to Buyer. If Notice is not served within the time specified, Buyer shall be deemed to have
183 waived this contingency, and this Contract shall remain in full force and effect.
184 f) Seller shall not be obligated to provide a condominium survey.
185 g) Seller shall provide a certificate of insurance showing Buyer and Buyer's mortgagee, if any, as an insured.
186 18. THE DEED: Seller shall convey or cause to be conveyed to Buyer or Buyer's Designated grantee good and
187 merchantable title to the Real Estate by recordable Warranty Deed, with release of homestead rights, (or the
188 appropriate deed if title is in trust or in an estate), and with real estate transfer stamps to be paid by Seller
189 (unless otherwise designated by local ordinance). Title when conveyed will be good and merchantable, subject
190 only to: covenants, conditions and restrictions of record and building lines and easements, if any, provided they
191 do not interfere with the current use and enjoyment of the Real Estate; and general real estate taxes not due and
192 payable at the time of Closing.
193 17. MUNICIPAL ORDINANCE, TRANSFER TAX, AND GOVERNMENTAL COMPLIANCE:
194 a) The Parties are cautioned that the Real Estate may be situated in a municipality that has adopted a pre -
195 closing inspection requirement, municipal Transfer Tax or other similar ordinances. Transfer taxes required
196 by municipal ordinance shall be paid by the Party designated in such ordinance.
197 b) The Parties agree to comply with the reporting requirements of the applicable sections of the Internal
198 Revenue Code and the Real Estate Settlement Procedures Act of 1974, as amended.
199 18. TITLE: At Seller's expense, Seller will deliver or cause to be delivered to Buyer or Buyer's attorney within
200 customary time limitations and sufficiently in advance of Closing, as evidence of title in Seller or Grantor, a title
201 +corn:mitment for an ALTA title insurance policy in the amount of the Purchase Price with extended coverage by
202 a title company licensed to operate in the State of Illinois, issued on or subsequent to the Date of Acceptance,
203 subject only to items listed in Paragraph 16. The requirement to provide extended coverage shall not apply if the
204 Real Estate is vacant land. The commitment for title insurance furnished by Seller will be presumptive evidence
205 of good and merchantable title as therein shown, subject only to the exceptions therein stated. If the title
206 commitment discloses any unpermitted exceptions or if the Plat of Survey shows any encroachments or other
207 survey matters that are not acceptable to Buyer, then Seller shall have said exceptions, survey matters or
208 encroachments removed, or have the title insurer commit to either insure against loss or damage that may
209 result from such exceptions or survey matters or insure against any court-ordered removal of the
210 encroachments. If Seller fails to have such exceptions waived or insured over prior to Closing, Buyer may elect
211 to take title as it then is with the right to deduct from the Purchase Price prior encumbrances of a definite or
212 ascertainable amount. Seller shall furnish Buyer at Closing an Affidavit of Title covering the date of Closing, and
213 shall sign any other customary forms required for issuance of an ALTA Insurance Policy.
214 19. PLAT OF SURVEY: Not less than one (1) Business Day prior to Closing, except where the Real Estate is a
215 condominium (see Paragraph 15) Seller shall, at Seller's expense, furnish to Buyer or Buyer's attorney a Plat of
Buyer Initial - Buyer Initial Seiler Initial Seller Initial
Address; 2004W Cott TER MOUN--f PROSPECT" IL 60056 v6.1
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216 Survey that conforms to the current Minimum Standard of Practice for boundary surveys, is dated not more
217 than six (6) months prior to the date of Closing, and is prepared by a professional land surveyor licensed to
218 practice land surveying under the laws of the State of Illinois. The Plat of Survey shall show visible evidence of
219 improvements, rights of way, easements, use and measurements of all parcel lines. The land surveyor shall set
220 monuments or witness corners at all accessible comers of the land. All such comers shall also be visibly staked
221 or flagged. The Plat of Survey shall include the following statement placed near the professional land surveyor's
222 seal and signature: "This professional service conforms to the currant Illinois Minimum Standards for a
223 boundary survey." A Mortgage Inspection, as defined, is not a boundary survey and is not acceptable.
224 20. DAMAGE TO REAL ESTATE OR CONDEMNATION PRIOR TO CLOSING: If prior to delivery of the deed the
225 Real Estate shall be destroyed or materially damaged by fire or other casualty, or the Real Estate is taken by
226 condemnation, then Buyer shall have the option of either terminating this Contract (and receiving a refund of
227 earnest money) or accepting the Real Estate as damaged or destroyed, together with the proceeds of the
228 condemnation award or any insurance payable as a result of the destruction or damage, which gross proceeds
229 Seller agrees to assign to Buyer and deliver to Buyer at Closing. Seller shall not be obligated to repair or replace
230 damaged improvements. The provisions of the Uniform Vendor and Purchaser Risk Act of the State of Illinois
231 shall be applicable to this Contract, except as modified by this paragraph.
232 21. CONDITION OF REAL ESTATE AND INSPECTION: Seller agrees to leave the Real Estate in broom dean
233 condition. All refuse and personal property that is not to be conveyed to Buyer shall be removed from the Real
234 Estate at Seller's expense prior to delivery of Possession. Buyer shall have the right to inspect the Real Estate,
235 fixtures and included Personal Property prior to Possession to verify that the Real Estate, improvements and
236 included Personal Property are in substantially the same condition as of the Date of Acceptance, normal wear
237 and tear excepted.
238 22. REAL ESTATE TAX ESCROW: In the event the Real Estate is improved, but has not been previously taxed for
239 the entire year as currently improved, the sum of three percent (3%) of the Purchase Price shall be deposited in
240 escrow with the title company with the cost of the escrow to be divided equally by Buyer and Seller and paid at
241 Closing. When the exact amount of the taxes to be prorated under this Contract can be ascertained, the taxes
242 shall be prorated by Seller's attorney at the request of either Party and Seller's share of such tax liability after
243 proration shall be paid to Buyer from the escrow funds and the balance, if any, shall be paid to Seller. If Seller's
244 obligation after such proration exceeds the amount of the escrow funds, Seller agrees to pay such excess
245 promptly upon demand.
246 23. SELLER REPRESENTATIONS: Seller's representations contained in this paragraph shall survive the Closing.
247 Seller represents that with respect to the Real Estate Seller has no knowledge of nor has Seller received any
248 written notice from any association or governmental entity regarding:
249 a) zoning, building, fire or health code violations that have not been corrected,
250 b) any pending rezoning;
251 c) boundary line disputes;
252 d) any pending condemnation or Eminent Domain proceeding;
253 e) easements or claims of easements not shown an the public records;
254 f) any hazardous waste on the Real Estate;
255 g) any improvements to the Real Estate for which the required initial and final permits were not obtained;
256 h) anyimprovementsto the Real Estate whirl► arenotincluded in full in the detenniriationof the most recent tax asseswvnt or
257 i) any improvements to the Real Estate which are eligible for the home improvement tax exemption.
258 Seller further represents that:
L
Buyer Initial � Buyer Initial Seller Initial, Seller Initial
Address: 2004 W Boon TER MOI.I PROSPECT IL 60056 n6.1
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259 Unifis l There [check ons] E] is [Eis not a pending or unconfirmed special assessment
260 affecthe eal tate by any association or govem"rmmental entity payable by Buyer after the date of Closing.
T
261 qr The Deal Estate I heck one][Dis Eis not located within a Special Assessment Area or
262 special Ser ce Area, payments for which will not be the obligation of Seller after theyearinwhkhtheCloskigomum
263 All Seller representations shall be deemed re -made as of Closing. If prior to Closing Seller becomes aware of
264 matters that require modification of the representations previously made in this Paragraph 23, Seller shall
255 promptly notify Buyer. If the matters specified in such Notice are not resolved prior to Closing, Buyer may
266 terminate this Contract by Notice to Seller and this Contract shall be null and void.
267 24. BUSINESS DAYSIHOURS: Business Days are defined as Monday through Friday, excluding Federal
268 holidays. Business Hours are defined as 8:00 A.M. to 6.00 P.M. Chicago time.
269 25, FACSIMILE OR DIGITAL SIGNATURES: Facsimile or digital signatures shall be sufficient for purposes of
270 executing, negotiating, and finalizing this Contract, and delivery thereof by one of the following methods shall
271 be deemed delivery of this Contract containing original signature(s). An acceptable facsimile signature may be
272 produced by scanning an original, hand -signed document and transmitting same by facsimile. An acceptable
273 digital signature may be produced by use of a qualified, established electronic security procedure mutually
274 agreed upon by the Parties. Transmissions of a digitally signed copy hereof shall be by an established, mutually
275 acceptable electronic method, such as creating a PDF ("Portable Document Format") document incorporating
276 the digital signature and sending same by electronic mail.
277 26. DIRECTION TO ESCROWEE: In every instance where this Contract shall be deemed null and void or if this
278 Contract may be terminated by either Party, the following shall be deemed incorporated: "and Earnest Money
279 refunded upon the joint written direction by the Parties to Escrowee or upon an entry of an order by a court of
280 competent jurisdiction."
281 In the event either Party has declared the Contract null and void or the transaction has failed to close as
282 provided for in this Contract and if Escrowee has not received joint written direction by the Parties or such court
283 order, the Escrowee may elect to proceed as follows:
284 a) Escrowee shall give written Notice to the Parties as provided for in this Contract at least fourteen (14) days
285 prior to the date of intended disbursement of Earnest Money indicating the manner in which Escrowee
286 intends to disburse in the absence of any written objection. If no written objection is received by the date
287 indicated in the Notice then Escrowee shall distribute the Earnest Money as indicated in the written Notice
288 to the Parties. If any Party objects in writing to the intended disbursement of Earnest Money then Earnest
289 Money shall be held until receipt of joint written direction from all Parties or until receipt of an order of a
290 court of competent jurisdiction.
291 b) Escrowee may file a Suit for Interpleader and deposit any funds held into the Court for distribution after
292 resolution of the dispute between Seller and Buyer by the Court. Escrowee may retain from the funds
293 deposited with the Court the amount necessary to reimburse Escrowee for court costs and reasonable
294 attorney's fees incurred due to the filing of the Interpleader. If the amount held in escrow is inadequate to
295 reimburse Escrowee for the costs and attorney's fees, Buyer and Seller shall jointly and severally indemnify
296 Escrowee for additional costs and fees incurred in filing the Interpleader action.
297 27. NOTICE: Except as provided In Paragraph 32 c) 2) regarding the manner of service for "kick -out" Notices, all
298 Notices shall be in writing and shall be served by one Party or attorney to the other Party or attorney. Notice to
299 any one of the multiple person Party shall be sufficient Notice to all. Notice shall be given in the following manner:
300 a) By personal delivery, or
Sayer ltmatraf Swyer initial Seller Initial Seller initial
A ; 2004 +1ott iER' MOai F�igOBPEOT IL 0005& ........ a6.1
Page 7 of 13 .... �_.ww..,.._.�
301 b) By mailing to the addressees recited herein by regular mail and by certified mail, return receipt requested. Except
302 as otherwise provided herein, Notice served by certified mail shall be effective an the date of mailing; or
303 c) By facsimile transmission. Notice shall be effective as of date and time of the transmission, provided that the
304 Notice transmitted shall be sent on Business Days during Business Hours. In the event Notice is transmitted
305 during non -business hours, the effective date and time of Notice is the first hour of the next Business Day after
306 transmission; or
307 d) By e-mail transmission if an e-mail address has been furnished by the recipient Party or the recipient Party's
308 attorney to the sending Party or is shown in this Contract. Notice shall be effective as of date and time of e-mail
309 transmission, provided that, in the event e-mail Notice is transmitted during non -business hours, the effective
310 date and time of Notice is the first hour of the next Business Day after transmission. An attorney or Party may
311 opt out of future e-mail Notice by any form of Notice provided by this Contract; or
312 e) By commercial overnight delivery (e.g., FedEx). Such Notice shall be effective on the next Business Day
313 following deposit with the overnight delivery company.
314 28. PERFORMANCE: Time is of the essence of this Contract. In any action with respect to this Contract, the Parties
315 are free to pursue any legal remedies at law or in equity and the prevailing party in litigation shall be entitled to
316 collect reasonable attorney fees and casts from the non -prevailing party as ordered by a court of competent jurisdiction.
317 29. CHOICE OF LAW AND GOOD FAITH: All terms and provisions of this Contract including but not limited to the
318 Attorney Review and Professional Inspection paragraphs shall be governed by the laws of the State of Illinois and
319 are subject to the covenant of good faith and fair dealing implied in all Illinois contracts.
320 30. OTHER PROVISIONS: This Contract is also subject to those OPTIONAL PROVISIONS initialed by the Parties
321 and the following additional attachments, if any:
322
323 OPTIONAL PROVISIONS (Applicable ONLY If Initialed by all Parties)
324 aidiw ei 31. CONFIRMATION OF DUAL AGENCY: The Parties confirm that they have previously
325 consented to (Licensee) acting as a Dual Agent in providing
326 brokerage services on their behalf and specifically consent to L.ieensee acting as a Dual Agent with regard to the
327 transaction referred to in this Contract.
328 32. SALE OF BUYER'S REAL ESTATE:
329 a) REPRESENTATIONS ABOUT BUYER'S REAL ESTATE: Buyer represents to Seller as follows:
330 1) Buyer owns real estate (hereinafter referred to as "Buyefs real estate") with the address of:
331
332 Addrem City Sate Zip
333 2) Buyer [duck mwl[as Ohas not entered into a contract to sell Buyer's real estate.
334 If Buyer has entered into a contract to sell Buyer's real estate, that contract:
335 a) [check one][is [3s not subject to a mortgage contingency.
336 b) [check one][Ds Ols not subject to a real estate sale contingency.
337 c) [check onel [:)s Ds not subject to a real estate closing contingency,
338 3) Buyer [check mu][3has [3has not listed Buyer's real estate for sale with a licensed real estate broker and
339 in a local multiple listing service.
340 4) If Buyer's real estate is not listed for sale with a licensed real estate broker and in a local multiple listing
341 service, Buyer [check one]:
Buyer Initial 072"' ,Serer° InitialSeller Initial Seller Initial
Address,w 2004 W cott TER M01,1144'4—SPECT IL 60056 v6.1
Page 8 of 13
342 a) hall list real estate for sale with a licensed real estate broker who will place it in a local multiple
343 listing service within five (5) Business Days after Date of Acceptance.
344 [For information only] Broker:
345 Broker's Address: Phone:
346 b) 13 Does not intend to list said real estate for sale.
347 b) CONTINGENCIES BASED UPON SALE AND/OR CLOSING OF REAL ESTATE:
348 1) This Contract is contingent upon Buyer having entered into a contract for the sale of Buyer's real estate that
349 is in full force and effect as of 20 . Such contract should provide for a closing
350 date not Iater than the Closing Date set forth in this Contract. If Notice is served on or before the date set
351 forth in this subparagraph that Buyer has not procured a contract for the sale of Buyer's real estate, this
352 Contract shall be null and void. If Notice that Buyer has not procured a contract for the sale of Buyer's
353 real estate is not served on or before the close of business on the date set forth in this subparagraph,
354 Buyer shall be deemed to have waived all contingencies contained in this Paragraph 32, and this
355 Contract shall remain in full force and effect (If this paragraph is used, then the following paragraph mW1
356 be completed.)
357 2) In the event Buyer has entered into a contract for the sale of Buyer's real estate as set forth in Paragraph 32
358 b) 1) and that contract is in full force and effect, or has entered into a contract for the sale of Buyer's real
359 estate prior to the execution of this Contract, this Contract is contingent upon Buyer closing the sale of
360 Buyer's real estate on or before . 20 . If Notice that Buyer has not closed the sale
361 of Buyers real estate is served before the dose of business on the next Business Day after the date set
362 forth in the preceding sentence, this Contract shall be null and void. If Notice is not served as described
363 in the preceding sentence, Buyer shall have deemed to have waived all contingencies contained in this
364 Paragraph 32, and this Contract shall remain in full force and effect.
365 3) If the contract for the sale of Buyer's real estate is terminated for any reason after the date set forth in
366 Paragraph 32 b) 1) (or after the date of this Contract if no date is set forth in Paragraph 32 b)1)), Buyer shall,
367 within three (3) Business Days of such termination, notify Seller of said termination. Unless Buyer, as part
368 of said Notice, waives all contingencies in Paragraph 32 and complies with Paragraph 32 d), this Contract
369 shall be null and void as of the date of Notice. If Notice as required by this subparagraph is not served
370 within the time specified, Buyer shall be in default under the terms of this Contract.
371 c) SELLER'S RIGHT TO CONTINUE TO OFFER REAL ESTATE FOR SALE: During the time of this contingency,
372 Seller has the right to continue to show the Real Estate and offer it for sale subject to the following:
373 1) If Seller adepts another bona fide offer to purchase the Real Estate while contingencies expressed in
374 Paragraph 32 b) are in effect, Seller shall notify Buyer in writing of same. Buyer shall then have
375 hours after Seller gives such Notice to waive the contingencies set forth in Paragraph 32 b), subject to
376 Paragraph 32 d).
377 2) Seller's Notice to Buyer (commonly released to as a Irick -out' Notice) shall be in writing and shall be served
378 on Buyer, not Buyer's attorney or Buyer's real estate agent. Courtesy copies of such'leick-out' Notice should
379 be sent to Buyer's attorney and Buyer's real estate agent, if known, Failure to provide- such courtesy copies
380 shall, not render Notice invalid. Notice to any one of a multiple -person Buyer shall be sufficient Notice to all
381 Buyers. Notice for the purpose of this subparagraph only shall be served upon Buyer in the following manner:
382 a) By personal delivery effective at the lime and date of personal delivery; or
383 b) By mailing to the address recited herein for Buyer by regular mail and by certified mail. Notice shall be
384 effective at 10:00 A.M. on the morning of the second day following deposit of Notice in the US. Mail; or
Buyer Initis Buy r Initial Sellar Initial Seller Initial
A i°dre$& 2004
BCtt"ft TER MOU PRt3BPECT IL 00056
Page 9 of 13 v6.1
385 c) By commercial delivery overnight (e.g., FedEx). Notice shall be effective upon delivery or at 4:00 P.M.
386 Chicago time on the next delivery day following deposit with the overnight delivery company,
387 whichever first occurs.
388 3) If Buyer complies with the provisions of Paragraph 32 d) then this Contract shall remain in full force and effect.
389 4) If the contingencies set forth in Paragraph 32 b) are NOT waived in writing, within said time period by
390 Buyer, this Contract shall be null and void.
391 5) Except as provided in Paragraph 32 c) 2) above, all Notices shall be • made in the manner provided by
392 Paragraph 27 of this Contract
393 6) Buyer waives any ethical objection to the delivery of Notice under this paragraph by Seller's attorney or
394 representative.
395 d) WAIVER OF PARAGRAPH 32 CONTINGENCIES: Buyer shall be deemed to have waived the contingencies in
396 Paragraph 32 b) when Buyer has delivered written waiver and deposited with the Escrowee additional earnest
397 money in the amount o£$ __ in the form of a cashier's or certified check within the time
398 specified. If Buyer fails to deposit the additional earnest money within the time specified, the waiver shall be
399 deemed ineffective and this Contract shall be null and void.
400 e) BUYER COOPERATION REQUIRED: Buyer authorizes Seller or Seller's agent to verify representations contained
401 in Paragraph 32 at any time, and Buyer agrees to cooperate in providing relevant information.
402 33. CANCELLATION OF PRIOR REAL ESTATE CONTRACT: In the event either Party has entered
403 into a prior real estate contract, this Contract shall be subject to written cancellation of the prior contract on or before
404 , 20 . In the event the prior contract is not cancelled within the time specified, this
405 Contract shall be null and void. Seller's notice to the purchaser under the prior contract should not be served
406 until after Attorney Review and Professional Inspections provisions of this Contract have expired, been
407 satisfied or waived.
408 34. HOME WARRANTY: Seller shall provide at no expense to Buyer a Home Warranty at a cost
409 of $ Evidence of a fully pre -paid policy shall be delivered at Closing.
410 35. CREDIT AT CLOSING: Provided Buyer's lender permits such credit to show on the HUD -1
411 Settlement Statement or Closing Disclosure, and if not, such lesser amount as the lender permits, Seller agrees to
412 credit $'�' to Buyer at Closing; to be applied to prepaid expenses, dosing costa or both
R 9TER
R 36. TRANSACTIONS NOT CONTINGENT ON FINANCING: IF EITHER OF THE FOLLOWING
414 NATIVE OPTIONS IS SELECTED, THE PROVISIONS OF THE MORTGAGE CONTINGENCY PARAGRAPH 8
5 SHALL Nf PP Y (CHOOSEONLY ONEJ:
416 aX Transaction With No Mortgage (All Cash): If this selection is made, Buyer will pay at dosing,
417 in the form of "Good Funds" the difference (plus or minus proration) between the Purchase Price and the
418 amount of the Earnest Money deposited pursuant to Paragraph 4 above. Buyer represents to Seller, as of the
419 Date of Offer, that Buyer has sufficient funds available to satisfy the provisions of this paragraph. Buyer agrees
420 to verify the above representation upon the reasonable request of Seller and to authorize the disclosure of such
421 financial information to Seller, Seller's attorney or Seller's broker that may be reasonably necessary to prove the
422 availability of sufficient funds to close. Buyer understands and agrees that, so long as Seller has fully complied
423 with Sellefs obligations under this Contract; any act or omission outside of the control of Seller, whether
424 intentional or not, that prevents Buyer from satisfying the balance due from Buyer at closing, shall constitute a
425 material breach of this Contract by Buyer. The Parties shall shave the title company escrow dosing fee equally.
426 Unless otherwise provided in Paragraph 32, this Contract shall not be contingent upon the sale and/or
427 dosing of Buyer's existing real estate.
Buyer Initial �' Brt Initial Seller Initial Seller Initial
Address, 20'04 ii Scott It MOUNT PROSPECT IL 60056 v6.I
Page 10 of 13
428 b) Transaction, Mortgage Allowed: If this selection is made, Buyer will pay at dosing, in the
429 form of "Good Funds" the difference (plus or minus prorations) between the Purchase Price and the amount of
430 the Earnest Money deposited pursuant to Paragraph 4 above. Buyer represents to Seller, as of the Date of Offer,
431 that Buyer has sufficient funds available to satisfy the provisions of this paragraph. Buyer agrees to verify the
432 above representation upon the reasonable request of Seller and to authorize the disclosure of such financial
433 information to Seller, Seller's attorney or Seller's broker that may be reasonably necessary to prove the
434 availability of sufficient funds to dose. Notwithstanding such representation, Seller agrees to reasonably and
435 promptly cooperate with Buyer so that Buyer may apply for and obtain a mortgage loan or loans including but
436 not limited to providing access to the Real Estate to satisfy Buyer's obligations to pay the balance due (plus or
437 minus proration) to close this transaction. Such cooperation shall include the performance in a timely manner
438 of all of Seller's pre-closing obligations under this Contract. This Contract shall NOT be contingent upon
439 Buyer obtaining financing. Buyer understands and agrees that, so long as Seller has fully complied with
440 Seller's obligations under this Contract, any act or omission outside of the control of Seller, whether intentional
441 or not, that prevents Buyer from satisfying the balance due from Buyer at Closing shall constitute a material
442 breach of this Contract by Buyer. Buyer shall pay the title company escrow closing fee. Unless otherwise
443 provided in Paragraph 32, this Contract shall not be contingent upon the sale and/or closing of Buyer's
444 existing real estate.
445 37. VA OR FHA FINANCING: If Buyer is seeking VA or FHA financing, required FHA or VA
446 amendments and disclosures shall be attached to this Contract, If VA, the Funding Fee, or if FRA, the Mortgage
447 Irmwance Premium ) shall be paid by Buyer and heck one ll Oshall not be added to the mortgage loan amount;
448 38. WELL OR SANITARY SYSTEM INSPECTIONS: Seller shall obtain at Seller's expense a well
449 water test stating that the well delivers not less than five (5) gallons of water per minute and including a bacteria
450 and nitrate test and/or a septic report from the applicable County Health Department, a Licensed Environmental
ental
451 Health Practitioner, or a licensed well and septic inspector, each dated not more than ninety (0) days prior to
452 Closing, stating that the well and water supply and the private sardtary system are in operating condition with no
45:3 defects noted. Seller shall remedy any defect or deficiency disclosed by said report(s) prior to Closing, provided that
454 if the cost of remedying a defect or deficiency and the cost of landscaping together exceed $3,000.00, and if the
455 Parties cannot reach agreement regarding payment of such additional cost; this Contract may be terminated by
456 either Party. Additional testing recommended by the report shall be obtained at the Seller's expense. If the report
457 recommends additional testing after Closing, the Parties shall have the option of establishing an escrow with a
458 mutual cost allocation for necessary repairs or replacements, or either Party may terminate this Contract prior to
459 Closing. Seller shall deliver a copy of such evaluation(s) to Buyer not less than ten (10) Business Days prior to
460 (losing.
462 39. 'WOOD DIMTROYING INFESTATION: Notwithstanding the provisions of paragraph 12,
462 within ten (10) Business bays after the Daae of Acceptance, Seller at Seller's expense shall deliver to Buyer a written
463 report dated not more than six (6) months prior to the Date of Closing, by a licensed inspector certified by the
464 appropriate state regulatory authority in the subcategory of termites, stating that there is no visible evidence of
465 active infestation by termites or other wood destroying insects. Unless otherwise agreed between theparties, if the
466 report discloses evidence of active infestation or structural damage, Buyer has the option within five (5) Business
467 Days of receipt of the report to proceed with the purchase or to declare this Contract null and void.
468 40. POST CLOSING POSSESSION: Possession shall be delivered no later than 11:59 Fbt on the
469 date that is __ days after the date of Closing ("the Possession Date"). Seller shaU be responsible for all
470 utilities, contents and liability insurance, and home maintenance expenses until delivery of possession. Seller shall
Buyer lni"tial Ouyer Initial Seller Initial Seller Initial
7lddress. 2004'k1l" Sccott TER MOON RO PECT IL !40068 v6.1
Page 11 of 13
472 deposit in escrow at Closing with , [check onel0one percent (1%)
472 of the Purchase Price orQthe sum of $ to be paid by Escrowee as follows:
473 a) The sum of $ per day for use and occupancy from and including the day after Closing to
474 and including the day of delivery of Possession, if on or before the Possession Date;
475 b) The amount per day equal to three (3) times the daily amount set forth herein shall be paid for each day after
476 the Possession Date specified in this paragraph that Seller remains in possession of the Real Estate; and
477 c) The balance, if any, to Seller after delivery of Possession and provided that the terms of Paragraph 21 have been
478 satisfied. Seller's liability under this paragraph shall not be limited to the amount of the possession escrow
479 deposit rei erred to above. Nothing herein shall be deerned to create a 1. ndlord/Tenant relationship between the Parties.
480 41. "AS 1811 CONDITION: This Contract is for the sale and purchase of the Real Estate in its "As
481 Is" condition as of the Date of Offer. Buyer acknowledges that no representations, warranties or guarantees with
482 respect to the condition of the Real Estate have been made by Seller or Seller's Designated Agent other than those
483 known defects, if any, disclosed by Seller. Buyer may conduct an inspection at Buyer's expense. In that event, Seller
484 shall make the Real Estate available to Buyer's inspector at reasonable tines. Buyer shall indemnify Seller and hold
485 Seller harmless from and against any loss or damage caused by the acts of negligence of Buyer or any person
486 perforrning any inspection. In the event the inspection reveals that the condition of the Real Estate is
487 unacceptable to Buyer and Buyer so notifies Seller within five (5) Business Days after the Date of Acceptance,
488 this Contract shall be null and void. Buyer's notice SHALL NOT include a copy of the inspection report, and
489 Buyer shall not be obligated to send the inspection report to Seller absent Seller's written request for same.
490 Failure of Buyer to notify Seller or to conduct said inspection operates as a waiver of Buyer's right to terminate
491 this Contract under this paragraph and this Contract shall remain in full force and effect. Buyer acknowledges
492 that the provisions of Paragraph 12 and the warranty provisions of Paragraph 5 do not apply to this Contract.
493 42. SPECIFIED PARTY APPROVAL: This Contract is contingent upon the approval of the Real
494 Estate by.
495 Buyer's Specified Party, within five (5) Business Days after the Date of Acceptance. In the event Buyer's Specified
496 Party does not approve of the Real Estate and Notice is giver to Seller within the time specified, this Contract shall
497 be null and void. If Notice is not served within the time specified, this provision shall be deemed waived by the
498 Parties and this Contract shall remain in full force and effect.
499 43. INTEREST BEARING ACCOUNT: Earnest money (with a completed W-9 and other
500 required forms), shall be held in a federally insured interest bearing account at a financial institution designated
501 by Escrowee, All interest earned on the earnest money shall accrue to the benefit of and be paid to Buyer. Buyer
502 shall be responsible for any administrative fee (not to exceed $100) charged for setting up the account. In
503 anticipation of Closing, the Parties direct Escrowee to dose the account no sooner than ten (10) Business Days
504 prior to the anticipated Closing date.
• :... MOW iJ1 X11 .I 1 M � °wrv. M',.r M,i iM • ' M' M 1' 1 • � 1 1 1 .iY n,y� * 01
508 ❑ Articles of Agreement for Deed Assumption of Seder's Mortgage ElCornmercialAtvestment
509 or Purchase Money Mortgage Cooperative Apartment New Construction
510 QShort Sale ]Tax -Deferred Excharige R'Vacant Land
Buyer Initial Buyer Initial Seller Initial Seiler Initial
Address: 2004 W Scott TER IV OU PROSPECT IL 60050 v6.1
Page
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THIS DOCUNEKrWILL BECOME ALEGALLY BINDING CONTRACTWHENSIGNED BYALLPARMANOD TO THE PARTIE80RTHEIRAGENTS.
THE PARTIES REPRESENT THAT THE TEXT OF THIS COPYRIGHTED FORM HAS NOT BEEN ALTERED AND IB IDENTICAL TO THE OFFICIAL
MULTM-BO 0 RESIDE�
1L ESTATE CONTRACT 81.
�I 4' ----____-_--,-October 09 2017
Ds to�MOf,)DTE lif ! IV 1w4Baa erSignature ure
►' fa �" � i � Z �g !C V i e r; Seuer signature
Print Buy (s) Name(s) Mequfnedl Print Sellers) Name(s) dRequired)
Address Address
___.e. .�... .. _� :�..
city State Zip City State Zip
Phone E -mall Phone
E -Mail
Loan Officer PhoneRax
Loan Officer E-mail
hla rlagrtnen ,/ Contact Phone
t C r ntact -mail
551 Min Rea! Efte Lieaaee Law nquhea all often be prmmW in a thndymxUW Btty vrrequests vedficadon thatft ober was presented.
552 Seller reJection: This offer was presented to Seller on, -20—at A M /P.M. and rejected on
553 2u0 at: A.M./P.M. ("5rtier Initials]
554 0 IMS,1�r " �Faikk � a u �rrom
r . U%"ib s(UPIW06" or awtflrrertt of tksr jono or 0" p croon H pm dJJ l aftwk At"
555 WRAWAt 40140W OIR*M r rR Eskle a *4 AWvW by a /aUv'nNpt aasrar'iams„ aVWWWLV IUW6 7ter+r"karare trau9m A iosmce • t NPN K,'OO dy swan Axx*ff ra
556 MdMOyCoINYsaxe rr- MOMoWsaa6aawtamr&rAmaacktiwr•WNComity SarAaaaaiikurshirrssaMmlmpP"=UTOW.ajar AWdotioaaJfft,GTOIItr,jfmamar0$VAl3'OVt*''
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559 4 s oirRMT t Am a ro" - Amt. �r 0,, jbx as . Th ma of
Buyer .initial � Buyer Initial Seller Initial _ _ SeVer Initis!
Add'resa 2'.004 W Scott TER' M 1l,l PROSP CT IL 60056 v6.1
Page 13 of 13
FOR INFORm477ON ONLY
Picket Fonee R... rospe
ealty Mt. P 8296
478010149
Picket Fence Realty Mt. Prospe
8296 478010149
Buyer's Brokerage MLS I
State License I
Seller's Brokerage
MLS I State License I
400 W. Central Road Mt. Prospect
60056
400 W. Central Road
Mt. Prospect 60056
Addmw city
Zip
Address
City Zip
Sean Wheeler 247037475167868
W illam Gonzalez
922484 475143120
Bu s 791 -'Y tilt Aent MIS I
.� ,
State Li_�. cense I
.... .W_
Seller's Designated Agent
773 450.6211
_�� ._.... www...
MLS I State License I
847 259-8681
Phone
Fax
_
Phone
Fax
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bill OrIz 17 m aflxom;bIll Onz31I lraallxomT
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� 'Wacker
Dr Ste 1660
Ch:a.ca �r
Address
- 71s"oZAov �'75 '�l
A(312) 984-6400
CityState
984-6444
Phone
Fax
Phone
Fax
Mortgage Company
Phone
Homeowneie/Condo Assodatlon (if any) Phone
Loan Officer PhoneRax
Loan Officer E-mail
hla rlagrtnen ,/ Contact Phone
t C r ntact -mail
551 Min Rea! Efte Lieaaee Law nquhea all often be prmmW in a thndymxUW Btty vrrequests vedficadon thatft ober was presented.
552 Seller reJection: This offer was presented to Seller on, -20—at A M /P.M. and rejected on
553 2u0 at: A.M./P.M. ("5rtier Initials]
554 0 IMS,1�r " �Faikk � a u �rrom
r . U%"ib s(UPIW06" or awtflrrertt of tksr jono or 0" p croon H pm dJJ l aftwk At"
555 WRAWAt 40140W OIR*M r rR Eskle a *4 AWvW by a /aUv'nNpt aasrar'iams„ aVWWWLV IUW6 7ter+r"karare trau9m A iosmce • t NPN K,'OO dy swan Axx*ff ra
556 MdMOyCoINYsaxe rr- MOMoWsaa6aawtamr&rAmaacktiwr•WNComity SarAaaaaiikurshirrssaMmlmpP"=UTOW.ajar AWdotioaaJfft,GTOIItr,jfmamar0$VAl3'OVt*''
557 Oxyro thwAk" tPoaraoaaaaac Am KifiPiwgr of dn;SNy.Tt`Jtt ' . XMI VWu y Almaackti as of PFALT0030 ✓ *M4* ralraaw "oW Cwnly AW iatlo" vj AMTOAr, „ mowtmt Oryma a/
559 4 s oirRMT t Am a ro" - Amt. �r 0,, jbx as . Th ma of
Buyer .initial � Buyer Initial Seller Initial _ _ SeVer Initis!
Add'resa 2'.004 W Scott TER' M 1l,l PROSP CT IL 60056 v6.1
Page 13 of 13
400 W. Central Road
M,,=t Prospect, IL 60056
Phone: (847) 259-8600
Fax: (Bq 259-8681
=lk
Earnest Money Deposit
Receipt. qP
Date of Receipt O�ql
17
Property Address:
Received By:
a�? q ,�, 5
`� ' et• �e�r�er
11002017
k4m4ft NAM 71'JdW lot Build -y.. Dr..n h... in .
Seen Wheeler I oonnectMLS
Land
MLS #:09770363
Lbt Prica*4179,900
Statucww
Ust NW10/05/2017
Ust Price: *170,900
Argw!14
List Dt R= 10/03/ 2017
Said Ptke,-
Addrem: 2004 W Scott Ter, Mount Prospect, Illinois fooSii
ilirecuonv 001f Wed or
Boase to Meier North to S"
Basement:
Sold by::
* Spaces: 0
Rants! Ptkc
Ckwd:
ON markot:
Contract Date*.
Financing:
Rental Unit
List Mkt Tlrnw, I
01monslorrs:71)(125
Type of Nam:
Can s:
Ownership: Few Simple
Swxwwoo;
cmd"Oncy:
Corp Urnft Mount
TownsNp*19A Grove
County; Conk
Prospect
Construction:
Forms Type:
Cowcqnates;
Special Assamoft: No
# Firepkes:
Rooms:
Bathrooms/
Parking:
011ier
(UNO
Mutt PINS: APP Umd SF:
Bedrooms:
Master Both:
Garage Type;
Basement:
BmtBath: No
* Spaces: 0
Previous home was demolished. Wities, waterandsewer at
E , =Mly: l6rest View (59)
JUnior gh;Holmes(Sq)
Special Assamoft: No
Arnourt#10,9U.06 watorftnt: No
High SCL. Failing Meadows (214)
Special Service Area: No
PIN: 08104000190M Acreage: 0.2
011ier
Mutt PINS: APP Umd SF:
Tax Yea2016 Front Footage: 71
Z00TOCSIngle Famlify Tax
Exrnpr. None LOU Avall:
Actuai Zoniq*
Farm: No
Ownership Type:
Type of Nam:
Lot Dow.
ProntRIWAccess-, City Street
Style of House:
L&W Desc: Larvad
Road Surface: Asphalt
Basement Details: None
Land Amenities:
Rall AvellaWlty;
Construction:
Forms Type:
Tenant Payr.
Exterior
" Improvemem:
Min ReWV (1):
Air Cond:
CUrmt Ulle: RoAdentfati-Single family
Min RWW (2):
Heating:
Potendbi Ute: Rasidentfal-Singto femily
Other Min Req Sr-
UWJN to Site: Electric to $I* @off to 5ft,
Location.
Lem Type:
Sanitary sewer to S Ito, Water to Ske
Known Liens:
Loans:
General Info: Monst
Seller Needs:may:
Backup Package: No
Seller Will:
Backup bft
PooafsIon: Closing
Internet Listing: Yes
VOW AVM: No
Remarks an Intetraw:Yw
Addy an biternet?:Yet
Us" TYPe.ftiolve Right to Sell
VOW 0D"fflVcnWRevkwa.. No
Holds Eamest MwWya
Lock am:
Special Comp lnfb: None
COOP Comp 2.S%-4300 (an Not SP)
Showing Inst. Walk Property
Addl, Salo Info.: None
Cont
Ag*t Noticer
Owner, Owner ofre4cord
to Show?.-
Ph #:
BcpWatlon Date:
Broker, Picket Fence Reafty ML Proope
Ph #:(347) 299-8600
Agent owraptilinterog:No
(8296)
Team.
UstAwt:W!Ufxm Gonzalez (922484)
Ph #:(773) 430-6211
Erna":bj"5Q0nr3176arR2I1kftM!
SOW Wheeler I Piclat FencePAmlty pjf-p�j Call. �(847) 793 �4817 1 101�OQ201 7 1�2.31 PM