PURCHASE CONTRACT This Contract is entered into effective on the date the last of the parties to this agreement has executed it. This agreement is entered into between (referred to herein as "Purchaser");-and-the-VILLAGE OF ALTONA, an Illinois-Municipal-Gorporation; (referred to herein as "Seller". fe SALE: Seller agrees to sell, and Purchaseragrees to purchase, the real estate in Knox County, Illinois, which is legally described as follows: Lots Nine (9), Twelve (12), and Thirteen (13), of the Subdivision of 1900 of Block Two (2) of the original Town of Altona according to the Plat of the Subdivision recorded in Volume 1 of Plats, page 251, Knox County, Ilinois Plat records situated in the County of Knox, State of Illinois; EXCEPTING therefrom the West 14 feet of said Lot Nine (9) and also EXCEPTING the East One Hundred eighteen (118) feet of the North thirty-five and one-half (35 %4) feet of said Lot Nine(9) and further EXCEPTING the East Seventy-eight (78) feet of the South twenty-two and one-half (22 %) feet of said Lot Nine (9). Commonly known as: 105-107 S. Depot Street, Altona, I!linois 2. PURCHASERS OBLIGATIONS ARE UNCONDITIONAL. The Purchaser's, obligations under this contract are NOT subjectto financing or any other conditions. 3. PURCHASE PRICE AND METHOD OF PAYMENT: The purchase price is $. . The Purchaser has paid 10% of the purchase price with his bid. The balance shall be due at the time of closing payable either by wire transfer to the Seller's closing agent, or by cashier's check delivered sufficiently in advance of the closing to be Collected Funds as defined in 215 ILCS 155/26 at the time of closing. 4. REAL ESTATE TAXES: The real estate is not presently subject to estate taxes inasmuch as it is exempt. Accordingly there shall be no adjustment at closing for real estate taxes.5. POSSESSION: Possession of the real estate shall be at closing. 6, TITLE: Sellershall furnish merchantable title but shall not be obligated to provide title insurance. The closing of the transaction shall constitute an acknowledgment by the Purchaser that the title was merchantable at the time the deed was delivered. 7. CONVEYANCE: The conveyance shall be expressly subject to the following: (a) _ Easements for public and quasi-public utilities over, across and under the premises. {b) _ Rights of the public, the State of Illinois, and any municipality in and to that part of the premises dedicated, taken or used for roads and highways. {c) Building and zoning regulations of any applicable government entity, (a) Alleasements, dedications, reservations, restrictions, and rights- of-way of record or in place. (e) All drainage easements and laterals in place. () Any matters that would be disclosed by an accurate survey 8. DEED: On full payment of the purchase price in the manner herein specified and after the Purchaser has complied with all covenants and agreements on his part required by the terms of this Contract, the Seller shall make, execute anddeliver to Purchaser a good and sufficient quit claim deed conveying the above- described real estate to the Purchaser. 9, TIME AND PLACE OF CLOSING: The closing of this transaction shall take place on April 19, 2019 or (at such earlier time and date as may be agreed upon between the parties) at the office of the Seller's closing agent in Knox County. 10. TIME OF ESSENCE: Time is the essence of this agreement. 41. NO VIOLATIONS: Neither the Seller nor any authorized agent or representative of the Seller has received, prior to the date of the Seller's execution of this contract, any notice from any governmental body of any alleged violation on the premises of any applicable zoning, building, dwelling code, fire, electrical, health, safety, or environmental law, ordinance, or regulation which remains uncured or uncorrected as of the date of the Seller's execution of this contract. 12. THE SALE OF THIS PROPERTY IS ON AN “AS IS” ‘WHERE IS" BASIS. THE SELLER MAKES NO WARRANTY, EXPRESS OR IMPLIED, CONCERNING THE CONDITION OF THE PREMISES OR THE LOCATION OF ITS BOUNDARIES AND DISCLAIMS THE WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE, HABITABILITY AND MERCHANTABILITY AS TO PREMISES AND ITS IMPROVEMENTS. The sale will be subject to all zoning restrictions. 413. DEFAULT AND REMEDIES UPON DEFAULT. A. If, for any reasonable cause beyond the control of a party, that party is unable to close on the closing date, that party will be given an opportunity to cure such breach, and, ifnecessary, the closing can be delayed 3.