Agreement To Purchase printable pdf download

AGREEMENT TO PURCHASE

______________________________ Buyer, of ________________________________,

Phone: _____________ agrees to purchase at a price of _______________________________

($______________) on the terms set forth, the following real estate legally described as:

Lot ____ of NORTH POINTE ESTATES SUBDIVISION, EAST ADDITION

(reference made to Plat #351-B and Book 2359 page127 in the Recorder’s Office of

Effingham County), situated in the County of Effingham and State of Illinois (the

“Real Estate”).

commonly known as: __________________________________, Dieterich, Illinois 62424, with

approximately _____ acres. Lot size or acreage is not warranted, and shall not affect the purchase

price.

Seller, the Village of Dieterich, Illinois of 109 North Main Street, Dieterich, Illinois

62424, Phone: (2l7) 925-5410 agrees to sell the real estate at the price and terms set forth and

convey to Buyer on the following terms and conditions:

PAYMENT. Buyer has paid Five Hundred Dollars ($500.00) earnest money to Seller, and

Buyer agrees to pay the entire purchase price, plus or minus prorations, in cash or its equivalent at

time of closing.

THIS AGREEMENT HAS NO CONTINGENCIES.

CLOSING.

This transaction shall be closed within thirty (30) days of signing this

Agreement, or on such other date as mutually agreed by the parties in writing at the office of

SELLERS ATTORNEY or BRAY TITLE SERVICES or elsewhere in Effingham County,

Illinois. The costs of an escrowed closing shall be paid one-half by Buyer and one-half by Seller.

POSSESSION. Seller shall deliver possession on date of closing.

BUILDING SITE. Buyer acknowledges that the Real Estate is zoned R-1, Single Family

Residential District and is restricted for residential use only. The Buyer shall:

Within one (1) year from the date this Agreement or within one (1) year from the

completion of the roads in the subdivision (whichever comes later) Buyer shall

complete construction of a single-family residential structure in compliance with

the Village of Dieterich, Zoning Ordinances and the restrictive covenants filed of

record on the Real Estate.

If Buyer fails to complete the construction of a single-family residence on the Real

Estate within one (1) year from the date of this Agreement or within one (1) from

the completion of the roads, then the Real Estate shall revert to Seller, together with

any and all improvements thereon. The provisions of this Paragraph 5 shall survive

closing and shall be included in the deed conveying the Real Estate to the Buyer. If

the Buyer satisfies the provisions of this Paragraph 5, the Seller shall release the

possibility of reverter.

Agreement To Purchase