Agreement To Purchase (Page 3 of 4) in pdf

10.

CONVEYANCE. At closing Seller shall convey the property General Warranty Deed,

pursuant to 765 ILCS 5/9, subject to the possibility of reverter set forth in Paragraph 5 of this

Agreement.

11.

TRANSFER TAXES. Seller further agrees to pay at closing any real estate transfer tax

and to provide a completed State of Illinois Department of Revenue Real Estate Transfer

Declaration (PTAX-203), if applicable.

12.

ACKNOWLEDGMENTS.

Buyer and Seller acknowledge that the Real Estate is vacant land with no

improvements.

Buyer agrees that he/she/they are buying the Real Estate AS IS without warranty or

representation of any kind, express or implied, unless it is expressly stated in a writing signed by

the Seller.

13.

DEFAULT. If Buyer fails to fully and faithfully perform each and every term and

obligation of this Agreement, Seller may pursue any and all remedies available to Seller at law or

in equity. If Seller files a lawsuit to enforce this Agreement, Seller shall be entitled to recover from

Buyer any and all reasonable costs, expenses and attorney fees incurred by Seller in connection

therewith as additional damages.

14.

NOTICES. Notices required by this Agreement shall be in writing and may be served by

personal delivery, or by mailing the same certified mail, return receipt requested, telegram,

commercial express mail or electronic facsimile, to the addresses stated above. Notice shall be

deemed to have been served on the date of mailing, or transmission.

15.

DISCLOSURE. Buyer and Seller agree to make all disclosures and perform all acts

necessary to comply with applicable federal and state laws, and to satisfy the requirements, if any,

of the mortgage lender and settlement agent.

16.

TIME. Time is of the essence of this Agreement. The terms are binding upon the

respective parties, their executors, administrators, successors and assigns.

17.

GENDER. Where appropriate singular denotes plural and masculine denotes feminine

and neuter gender.

18.

The Buyer shall not be entitled to any reimbursement of any amount by the Seller pursuant

to the Village of Dieterich Tax Increment Finance program.

Agreement To Purchase Page 3