Agreement To Purchase (Page 2 of 4) in pdf

INFRASTRUCTURE.

Water and Sewer infrastructure shall be constructed by the

Village of Dieterich which shall include water and sewer, as per the Illinois Environmental

Protection Agency. The Village of Dieterich shall construct the streets, pursuant to plat attached

hereto and marked as Exhibit A. A sidewalk may be constructed by the Village of Dieterich at its

sole discretion, when homes are substantially completed and if tax increment financing funds are

available. Buyer shall pay to the Village of Dieterich, Illinois, a $350.00 hookup fee for water

service and a $350.00 hookup fee for sewer service prior to water and sewer connection.

TAXES. Seller shall give Buyer a credit for the 20___ real estate taxes due and payable in

20___ at closing based on the latest available information. Buyer shall then pay the 20___ real

estate taxes when they come due and shall also pay the 20___ real estate taxes due and payable in

20___ and real estate taxes for all subsequent years.

TITLE EVIDENCE. Upon acceptance of this agreement, Seller shall, at its expense

within a reasonable period of time prior to closing, furnish to Buyer a Commitment for Owners

Title Insurance. Seller shall, at Seller’s expense, provide Buyer a title search and title insurance

policy in the amount of the purchase price, dated after the date of this agreement, containing the

standard American Land Title Association provisions, and containing exceptions normally

accepted by lenders doing business in the county where the real estate is located.

TITLE CONDITIONS:

The title may be subject to:

(1)

all taxes and special assessments payable after date of closing; if any

(2)

zoning laws and ordinances of which there are no violations; if any

(3)

restrictions, conditions and covenants of record; if any

(4)

private, public and utility easements of record; if any

(5)

roads, and rights of way of record; if any

(6)

drainage ditches, feeders, laterals and underground tiles, if any

(7)

existing leases and tenancies; if any

(8)

the possibility of reverter set forth in Paragraph 5 of this Agreement.

If title has defects which cannot be removed by date of closing, Seller may

postpone closing for up to 30 days for purposes of clearing such defects or securing title insurance

to insure over such defects.

If the title has defects which constitute interests, encumbrances or liens of

ascertainable amounts which may be removed by the payment of money at closing then either

party, upon giving written notice to the other of his intention, may clear the same by using funds

from closing.

If the title has defects which cannot be cleared under paragraphs B or C, then Buyer

may at their election terminate this agreement and their earnest deposit shall be returned to them,

or Buyer may elect to take the property subject to the defects. Buyers’ election must be in writing

and directed to Seller or Sellers’ agent.

Agreement To Purchase Page 2

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