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R-23-12
VILLAGE OF DEERFIELD RESOLUTION NO. 2023 - R- 3-1 A RESOLUTION APPROVING A PURCHASE AND SALE AGREEMENT AND THE ACQUISITION OF REAL PROPERTY WHEREAS, the Village of Deerfield ("Village') is a home rule municipality in accordance with Article VII, Section 6 of the Constitution of the State of Illinois of 1970; and WHEREAS, Luis Munoz Dorantes and Elvira Dorantes (collectively, "Sellers') are the owner of that certain real property located at 839 Todd Court, Deerfield, Illinois ("Property'); and WHEREAS, the Village Board has determined that it will serve and be in the best interests of the Village and its residents to acquire ownership of the Property to advance the Village's redevelopment goals in the downtown area; and WHEREAS, the Sellers are willing to sell the Property to the Village on terms and conditions acceptable to the Village; and WHEREAS, the Village and the Sellers desire to enter into a real estate contract to provide for the sale by the Sellers, and the purchase by the Village, of the Property ("Purchase and Sale, Agreement'); and WHEREAS, the Village Board has determined that it will serve and be in the best interest of the Village and its residents to approve the Purchase and Sale Agreement and to acquire ownership of the Property; NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE BOARD OF DEERFIELD, LAKE AND COOK COUNTY, ILLINOIS, AS FOLLOWS: SECTION 1: RECITALS. The Village Board hereby adopts the foregoing recitals as its findings, as if fully set forth herein. SECTION 2: APPROVAL OF PURCHASE AND SALE AGREEMENT. Pursuant to its home rule authority, the Village Board hereby approves the Purchase and Sale Agreement by and between the Village and the Sellers in substantially the form attached to this Resolution as Exhibit A, and in a final form to be approved by the Village Manager and the Village Attorney. SECTION 3: AUTHORIZATION TO EXECUTE PURCHASE AND SALE AGREEMENT. The Village Board hereby authorizes and directs the Village Manager to execute and attest, on behalf of the Village, the final Purchase and Sale Agreement upon receipt by the Village Clerk of at least one original copy of the Purchase and Sale Agreement executed by the Seller; provided, however, that if the executed copy of the Purchase and Sale Agreement is not received by the Village Clerk within 30 days after the effective date of this Resolution, then this Resolution will, at the option of the Village Board, be null and void. SECTION 4: APPROVAL OF ACQUISITION OF THE PROPERTY. Pursuant to its home rule authority, the Village Board hereby approves the acquisition by the Village of the Property, in the manner and upon such terms as are set forth in the Purchase and Sale Agreement. SECTION 5: EXECUTION OF REQUIRED DOCUMENTATION. The Village Manager, the Village Clerk, the Village Finance Director, and the Village Attorney are hereby authorized to execute all documentation, and take all action, necessary to consummate the acquisition of the Property by the Village, as may be required pursuant to applicable law and the Purchase and Sale Agreement. SECTION 6: EFFECTIVE DATE. This Resolution shall be in full force and effect from and after its passage and approval according to law. AYES: Benton, Berg, Jacoby, Oppenheim, Seiden NAYS: None ABSTAIN: None ABSENT: Metts-Childers PASSED: March 6, 2023 APPROVED: March 6, 2023 RESOLUTION NO. R-23-12 Daniel C. Shapiro, Mayor ATTEST• Daniel Van Dusen, Deputy Village Clerk 2 EXHIBIT A PURCHASE AND SALE AGREEMENT ocUigiz5ign vennea - ao5,i-iecs-ao,ia-45za-nnzz-erco4reIca4u �II •�.. 111�� vvvLILVVJ—.Ie..\."TV1.J"JV11-11JO IL.JVU IUU4 REALTOfl MULTI -BOARD RESIDENTIAL REAL ESTATE CONTRACT 7.0 1 1. THE PARTIES: Buyer and Seller are hereinafter referred to as the "Parties." 2 Buyer Name(s) [PLEASE PRINT] Village of Deerfield 3 Seller Name(s) [PLEASEPRINT] MUNOZ LUIS DORANTES DORANTES ELVIRA 4 If Dual Agency applies, check here O and complete Optional Paragraph 29. 5 2. THE REAL ESTATE: Real Estate is defined as the property, all improvements, the fixtures and Personal Property 6 included therein. Seller agrees to convey to Buyer or to Buyer's designated grantee, the Real Estate with 7 approximate lot size or acreage of .25-.49 Acre commonly known as: 8 839 Todd Ct Deerfield IL 60015 Lake 9 Address Unit # (If applicable) City State Zip County 10 Permanent Index Number(s):16283220280000 ❑ Single Family Attached ❑ Single Family Detached ❑ Multi -Unit 11 If Designated Parking is Included: # of space(s) : identified as space(s) # __� location 12 [CHECK TYPE] ❑ deeded space, PIN: ❑ limited common element ❑ assigned space. 13 If Designated Storage is Included: # of space(s) : identified as space(s) # : location 14 [CHECK TYPE] ❑ deeded space, PIN: ❑ limited common element ❑ assigned space. 15 3. FIXTURES AND PERSONAL PROPERTY AT NO ADDED VALUE: All of the fixtures and included Personal Property 16 17 18 19 20 SbY l4m 21 22 23 24 25 26 27 28 29 are owned by Seller and to Seller's knowledge are in operating condition on Date of Acceptance, unless otherwise stated herein. Seller agrees to transfer to Buyer all fixtures, all heating, electrical, plumbing, and well systems together with the following items at no added value by Bill of Sale at Closing [CHECK OR EwvwERAm APPLICABLE ITEMS]: X Refrigerator _ x Light Fixtures, as they exist x Oven/Range/Stove _ Smoke Detectors x Microwave X x Dishwasher X_ Central Air Conditioning Gatigage Cad ERempoeb x Central Humidifier C�an:ral Van R,. F., x Washer IRFA-.-.4 _xAll Tacked Down Carpeting __g Dryer x Existing Storms & Screens -_x Water Heater x Ceiling Fan(s) Other Items Included at No Added Value: __X All Window Treatments & Hardware xCarbon Monoxide Detectors x Garage Door Opener(s) with all Transmitters --- __x Planted Vegetation x Fireplace Screens/Doors/Grates __X Hardscape 30 Items Not Included: _ 31 Seller warrants to Buyer that all fixtures, systems and Personal Property included in this Contract shall be in 32 operating condition at Possession except: 33 A system or item shall be deemed to be in operating condition if it performs the function for which it is intended, 34 regardless of age, and does not constitute a threat to health or safety. 35 If Home Warranty applies, check here O and complete Optional Paragraph 32. 36 4. PURCHASE PRICE AND PAYMENT: The Purchase Price is $ 360,000.00 After the payment of Earnest 37 Money as provided below, the balance of the Purchase Price, as adjusted by prorations, shall be paid at Closing in 38 "Good Funds" as defined by law. 39 a) CREDIT AT CLOSING: [IF APPLICABLE] Provided Buyer's lender permits such credit to show on the final 40 settlement statement or lender's closing disclosure, and if not, such lesser amount as the lender permits, Seller 41 agrees to credit $ to Buyer at Closing to be applied to prepaid expenses, closing costs or both. 42 b) EARNEST MONEY: Earnest Money of $ 5,000 shall be tendered to Escrowee on or before 43 Business Days after Date of Acceptance. Additional Earnest Money, if any, of $ shall be tendered 44 by 3 days of acceptance of offer. 20 _. Earnest Money shall be held in trust for the mutual benefit of the Parties by Buyer Initial Buyer Initial Seller Initial N) Seller Initial r� Address: 839 Todd Ct Deerfield IL 60015 0.0 Page 1 of 13 D(Ulg lJ lg n venriea - ab5 "I "I ec.9-0D "I a-4:)La-QDzz-ercD4re'I ca4t3 �..,,..v. V, I . v......_ ..I .,rv✓.-vvv v,vv _ - , 14.J IL / VVC 45 [CHECK ONE]: ❑ Seller's Brokerage; ❑ Buyer's Brokerage; ® As otherwise agreed by the Parties, as "Escrowee." 46 In the event the Contract is declared null and void oris terminated, Earnest Money shall be disbursed pummnt to Pangpph 26. 47 c) BALANCE DUE AT CLOSING: The Balance Due at Closing shall be the Purchase Price, plus or minus 48 prorations, less Earnest Money paid, less any credits at Closing, and shall be payable in Good Funds at Closing. March 28, 2023 5. CLOSING: Closing shall be on 20 or at such time as mutually agreed by the Parties in 50 writing. Closing shall take place at the escrow office of the title insurance company, its underwriter, or its issuing 51 agent that will issue the Owner's Policy of Title Insurance, whichever is situated nearest the Real Estate. 52 6. POSSESSION: Unless otherwise provided in Optional Paragraph 35, Seller shall deliver possession to Buyer at 53 Closing. Possession shall be deemed to have been delivered when Seller and all occupants (if any) have vacated 54 the Real Estate and delivered keys to the Real Estate to Buyer or to the office of the Seller's Brokerage. 55 7. FINANCING: (INITIAL ONLY ONE OF THE FOLLOWING SUBPARAGRAPHS a, b, or c] 56 a) LOAN CONTINGENCY: Not later than forty-five (45) days after Date of Acceptance or five 57 (5) Business Days prior to the date of Closing, whichever is earlier, ("Loan Contingency Date") Buyer shall 58 provide written evidence from Buyer's licensed lending institution confirming that Buyer has received loan 59 approval subject only to "at close" conditions, matters of title, survey, and matters within Buyer's control for a loan 60 as follows: [CHECK ONE] ❑ fixed; ❑ adjustable; [CHECK ONE] ❑ conventional; ❑ FHA; ❑ VA; ❑ USDA; 61 ❑ other loan for % of the Purchase Price, plus private mortgage insurance (PMD, 62 if required, with an interest rate (initial rate if an adjustable rate mortgage used) not to exceed % per annum, .63 amortized over not less than years. Buyer shall pay discount points not to exceed % of the loan amount. 64 Buyer shall pay origination fee(s), closing costs charged by lender, and title company escrow closing fees. 65 If Buyer, having applied for the loan specified above, is unable to provide such loan approval and serves Notice to 66 Seller not later than the Loan Contingency Date, this Contract shall be null and void. If Buyer is unable to provide 67 such written evidence not later than the date specified herein or by any extension date agreed to by the Parties, 68 Seller shall have the option of declaring this Contract terminated by giving Notice to Buyer. If prior to the Seller 69 serving such Notice to terminate, Buyer provides written evidence of such loan approval, this Contract shall remain 70 in full force and effect. 71 Upon the expiration of ten (10) Business Days after Date of Acceptance, if Buyer has failed to make a loan 72 application and pay all fees required for such application to proceed and the appraisal to be performed, Seller shall 73 have the option to declare this Contract terminated by giving Notice to Buyer not later than five (5) Business Days 74 thereafter or any extension thereof agreed to by the Parties in writing. 75 A Party causing delay in the loan approval process shall not have the right to terminate under this 76 subparagraph. In the event neither Party elects to declare this Contract terminated as specified above, or as 77 otherwise agreed, then this Contract shall continue in full force and effect without any loan contingencies. 78 Unless otherwise provided in Paragraph 30, this Contract is not contingent upon the sale and/or closing of 79 Buyer's existing real estate. Buyer shall be deemed to have satisfied the financing conditions of this subparagraph 80 if Buyer obtains a loan approval in accordance with the terms of this subparagraph even though the loan is 81 conditioned on the sale and/or closing of Buyer's existing real estate. 82 If Buyer is seeking FHA, VA, or USDA financing, required amendments and disclosures shall be attached to this 83 Contract. If VA, the Funding Fee, or if FHA, the Mortgage Insurance Premium (MIP), shall be paid by Buyer. 84 CASH TRANSACTION WITH NO MORTGAGE: [ALL CASH] If this selection is made, Buyer will pay 85 at Closing, in the form of "Good Funds," the Balance Due at Closing. Buyer represents to Seller, as of the Date of Offer, 86 that Buyer has sufficient funds available to satisfy the provisions of this subparagraph. Buyer agrees to verify the above 87 representation upon the reasonable request of Seller and to authorize the disclosure of such financial information to 88 Seller, Seller's attorney or Seller's broker that may be reasonably necessary to prove the availability of sufficient funds Buyer Initial xssvMvov Buyer Initial Seller Initial Seller Initial Address: 839 Todd Ct Deerfield IL 60015 0.0 Page 2 of 13 D(Uigisign vennea - ano-i,iecs-ap,ia-4oza-oDzz-ercD4re,ica4t5- 89 to close. Buyer understands and agrees that, so long as Seller has fully complied with Seller's obligations under this 90 Contract, any act or omission outside of the control of Seller, whether intentional or not, that prevents Buyer from 91 satisfying the Balance Due at Closing, shall constitute a material breach of this Contract by Buyer. The Parties shall 92 share the title company escrow closing fee equally. Unless otherwise provided in Paragraph 30, this Contract shall 93 not be contingent upon the sale and/or closing of Buyer's existing real estate. 94 _ c) CASH TRANSACTION, MORTGAGE ALLOWED: If this selection is made, Buyer will pay at closing, 95 in the form of "Good Funds," the Balance Due at Closing. Buyer represents to Seller, as of the Date of Offer, that Buyer 96 has sufficient funds available to satisfy the provisions of this subparagraph. Buyer agrees to verify the above 97 representation upon the reasonable request of Seller and to authorize the disclosure of such financial information to 98 Seller, Seller's attorney or Seller's broker that may be reasonably necessary to prove the availability of sufficient funds 99 to close. Notwithstanding such representation, Seller agrees to reasonably and promptly cooperate with Buyer so that 100 Buyer may apply for and obtain a mortgage loan or loans including but not limited to providing access to the Real 101 Estate to satisfy Buyer's obligations to pay the Balance Due at Closing. Such cooperation shall include the performance 102 in a timely manner of all of Seller's pre -closing obligations under this Contract. This Contract shall NOT be contingent 103 upon Buyer obtaining financing. Buyer understands and agrees that, so long as Seller has fully complied with Seller's 104 obligations under this Contract, any act or omission outside of the control of Seller, whether intentional or not, that 105 prevents Buyer from satisfying the Balance Due at Closing shall constitute a material breach of this Contract by Buyer. 106 Buyer shall pay the title company escrow closing fee if Buyer obtains a mortgage; provided however, if Buyer elects 107 to close without a mortgage loan, the Parties shall share the title company escrow closing fee equally. Unless otherwise 108 provided in Paragraph 30, this Contract shall not be contingent upon the sale and/or closing of Buyer's existing 109 real estate. 110 8. STATUTORY DISCLOSURES: If applicable, prior to signing this Contract, Buyer: 111 [CHECK ONE] 3 has ❑ has not received a completed Illinois Residential Real Property Disclosure; 112 [CHECK ONE] Lei has ❑ has not received the EPA Pamphlet, "Protect Your Family From Lead In Your Home;" 113 [CHECK ONE] 3 has ❑ has not received a Lead -Based Paint Disclosure; 114 [CHECK ONE] 3 has ❑ has not received the IEMA, "Radon Testing Guidelines for Real Estate Transactions;" 115 [CHECK ONE] 6 has ❑ has not received the Disclosure of Information on Radon Hazards. 116 9. PRORATIONS: The requirements contained in this paragraph shall survive the Closing. Proratable items shall 117 be prorated to and including the Date of Closing and shall include without limitation, general real estate taxes, 118 rents and deposits (if any) from tenants; Special Service Area or Special Assessment Area tax for the year of Closing 119 only; utilities, water and sewer, pre -purchased fuel; and Homeowner or Condominium Association fees (and 120 Master/Umbrella Association fees, if applicable). Accumulated reserves of a Homeowner/Condominium 121 Association(s) are not a proratable item. 122 a) The general real estate taxes shall be prorated to and including the date of Closing based on 105 % of 123 the most recent ascertainable full year tax bill. All general real estate tax prorations shall be final as of Closing, 124 except as provided in Paragraph 23. If the amount of the most recent ascertainable full year tax bill reflects a 125 homeowner, senior citizen, disabled veteran or other exemption, a senior freeze or senior deferral, then Seller 126 has submitted or will submit in a timely manner all necessary documentation to the appropriate governmental 127 entity, before or after Closing, to preserve said exemption(s). The proration shall not include exemptions to 128 which the Seller is not lawfully entitled. 129 b) Seller represents, if applicable, that as of Date of Acceptance Homeowner/Condominium Association(s) 130 fees are $ per Not Applicable (and, if applicable, Master/Umbrella Association fees are 131 $ per ). Seller agrees to pay prior to or at Closing the remaining balance of any 132 special assessments by the Association(s) confirmed prior to Date of Acceptance. Buyer Initial xssvAvo9 Buyer Initial Seller Initial �� Seller Initial Address: 839 Todd Ct, Deerfield IL 60015 _ _ _ 0.0 Page 3 of 13 ocuigr5ign vennea-an5,i-iecj-aD,ia-4oza-DDZZ-ercD4relca4u, 133 c) Special Assessment Area or Special Service Area installments due after the year of Closing shall not be 134 proratable items and shall be paid by Buyer, unless otherwise provided by ordinance or statute. 135 10. ATTORNEY REVIEW: Within five (5) Business Days after Date of Acceptance, the attorneys for the respective 136 Parties, by Notice, may: 137 a) Approve this Contract; or 138 b) Disapprove this Contract, which disapproval shall not be based solely upon the Purchase Price; or 139 c) Propose modifications to this Contract, except for the Purchase Price, which proposal shall be conclusively 140 deemed a counteroffer notwithstanding any language contained in any such proposal purporting to state the 141 proposal is not a counteroffer. If after expiration of ten (10) Business Days after Date of Acceptance written 142 agreement has not been reached by the Parties with respect to resolution of all proposed modifications, either 143 Party may terminate this Contract by serving Notice, whereupon this Contract shall be immediately deemed 144 terminated; or 145 d) Offer proposals specifically referring to this subparagraph d) which shall not be considered a counteroffer. 146 Any proposal not specifically referencing this subparagraph d) shall be deemed made pursuant to 147 subparagraph c) as a modification. If proposals made with specific reference to this subparagraph d) are not 148 agreed upon, neither Buyer nor Seller may declare this contract null and void, and this contract shall remain 149 in full force and effect. 150 If Notice of disapproval or proposed modifications is not served within the time specified herein, the 151 provisions of this paragraph shall be deemed waived by the Parties and this Contract shall remain in full force 152 and effect. If Notice of termination is given, said termination shall be absolute and the Contract rendered null 153 and void upon the giving of Notice, notwithstanding any language proffered by any Party purporting to permit 154 unilateral reinstatement by withdrawal of any proposal(s). 155 11. WAIVER OF PROFESSIONAL INSPECTIONS: [INITIAL IF APPLICABLE] Buyer acknowledges 156 the right to conduct inspections of the Real Estate and hereby waives the right to conduct any such inspections of 157 the Real Estate, and further agrees that the provisions of Paragraph 12 shall not apply. 158 12. PROFESSIONAL INSPECTIONS AND INSPECTION NOTICES:[1VOTAPPLICABLEIFPARAGRAPH 11isnvlTIALED] 159 Buyer may conduct at Buyer's expense (unless payment for such expense is otherwise required by governmental 160 regulation) any or all of the following inspections of the Real Estate by one or more licensed or certified inspection 161 services: home, radon, environmental, lead -based paint, lead -based paint hazards or wood -destroying insect 162 infestation, or any other inspections desired by Buyer in the exercise of reasonable due diligence. Seller agrees to 163 make all areas of the Real Estate accessible for inspection(s) upon reasonable notice and to have all utilities turned 164 on during the time of such inspections. Buyer shall indemnify Seller and hold Seller harmless from and against 165 any loss or damage caused by any acts of Buyer or any person performing any inspection on behalf of Buyer. 166 a) The request for repairs shall cover only the major components of the Real Estate, limited to central heating 167 and cooling system(s), plumbing and well system, electrical system, roof, walls, windows, doors, ceilings, 168 floors, appliances and foundation. A major component shall be deemed to be in operating condition, and 169 therefore not defective within the meaning of this paragraph, if it does not constitute a current threat to health 170 or safety, and performs the function for which it is intended, regardless of age or if it is near or at the end of its 171 useful life. Minor repairs, routine maintenance items and painting, decorating or other items of a cosmetic 172 nature, no matter the cost to remedy same, do not constitute defects, are not a part of this contingency and shall 173 not be a basis for the Buyer to cancel this Contract. A request by Buyer for credits or repairs in violation of 174 the terms of this subparagraph shall allow Seller to declare this Contract terminated and direct the return 175 of Buyer's Earnest Money. If radon mitigation is performed, Seller shall pay for any retest. Buyer Initial XSS�M� Buyer Initial Seller Initial_ Seller Initial Address: 839 Todd Ct Deerfield IL 600.15 _ _ 0.0 Page 4 of 13 D(Uigisign vennea-an5i-iecs-ao-ia-45za-pq«-eTCD4re-ICa4u 176 b) Buyer shall serve Notice upon Seller or Seller's attorney of any major component defects disclosed by any 177 inspection for which Buyer requests resolution by Seller within five (5) Business Days (ten (10) calendar days 178 for a lead -based paint or lead -based paint hazard inspection) after Date of Acceptance. Buyer shall not send 179 any portion of the inspection report with the Notice provided under this subparagraph unless such 180 inspection report, or any part thereof, is specifically requested in writing by Seller or Seller's attorney. If 181 after expiration of ten (10) Business Days after Date of Acceptance written agreement has not been reached by 182 the Parties with respect to resolution of all inspection issues, either Party may terminate this Contract by 183 serving Notice to the other Party, whereupon this Contract shall be immediately deemed terminated. 184 c) Notwithstanding anything to the contrary set forth above in this paragraph, in the event the inspection 185 reveals that the condition of the Real Estate is unacceptable to Buyer and Buyer serves Notice to Seller within 186 five (5) Business Days after Date of Acceptance, this Contract shall be null and void. Said Notice shall not 187 include any portion of the inspection reports unless requested by Seller. 188 d) Failure of Buyer to conduct said inspection(s) and notify Seller within the time specified operates as a 189 waiver of Buyer's rights to terminate this Contract under this Paragraph 12 and this Contract shall remain 190 in full force and effect. 191 13. HOMEOWNER INSURANCE: This Contract is contingent upon Buyer obtaining evidence of insurability for an 192 Insurance Service Organization HO-3 or equivalent policy at standard premium rates within ten (10) Business 193 Days after Date of Acceptance. If Buyer is unable to obtain evidence of insurability and serves Notice with proof 194 of same to Seller within the time specified, this Contract shall be null and void. If Notice is not served within 195 the time specified, Buyer shall be deemed to have waived this contingency and this Contract shall remain in 196 full force and effect. 197 14. FLOOD INSURANCE: Buyer shall have the option to declare this Contract null and void if the Real Estate is 198 located in a special flood hazard area. If Notice of the option to declare contract null and void is not given to 199 Seller within ten (10) Business Days after Date of Acceptance or by the Loan Contingency Date, whichever is 200 later, Buyer shall be deemed to have waived such option and this Contract shall remain in full force and effect. 201 Nothing herein shall be deemed to affect any rights afforded by the Residential Real Property Disclosure Act. 202 15. CONDOMINIUM/COMMON INTEREST ASSOCIATIONS: [IF APPLICABLE] The Parties agree that the terms 203 contained in this paragraph, which may be contrary to other terms of this Contract, shall supersede any conflicting 204 terms, and shall apply to property subject to the Illinois Condominium Property Act and the Common Interest 205 Community Association Act or other applicable state association law ("Governing Law"). 206 a) Title when conveyed shall be good and merchantable, subject to terms and provisions of the Declaration of 207 Condominium/Covenants, Conditions and Restrictions ("Declaration/CCRs") and all amendments; public and 208 utility easements including any easements established by or implied from the Declaration/CCRs or 209 amendments thereto; party wall rights and agreements; limitations and conditions imposed by the Governing 210 Law; installments due after the date of Closing of general assessments established pursuant to the Declaration/CCRs. 211 b) Seller shall be responsible for payment of all regular assessments due and levied prior to Closing and for 212 all special assessments confirmed prior to Date of Acceptance. 213 c) Seller shall notify Buyer of any proposed special assessment or increase in any regular assessment between 214 Date of Acceptance and Closing. The Parties shall have three (3) Business Days to reach agreement relative to 215 payment thereof. Absent such agreement either Party may declare the Contract null and void. 216 d) Seller shall, within ten (10) Business Days from Date of Acceptance, apply for those items of disclosure 217 upon sale as described in the Governing Law, and provide same in a timely manner, but no later than the time 218 period provided for by law. This Contract is subject to the condition that Seller be able to procure and provide 219 to Buyer a release or waiver of any right of first refusal or other pre-emptive rights to purchase created by the Buyer Initial Buyer Initial _ Seller Initial EtV Seller Initial Address: 839 Todd Ct, Deerfield IL 60015 v7.0 Page 5 of 13 D(uiglJlgn verMea - abo,i,iecj-aD-ia-4oza-DDzz-ercD4re'lca4t5, 220 Declaration/CCRs. In the event the Condominium Association requires the personal appearance of Buyer or 221 additional documentation, Buyer agrees to comply with same. 222 e) In the event the documents and information provided by Seller to Buyer disclose that the existing 223 improvements are in violation of existing rules, regulations or other restrictions or that the terms and 224 conditions contained within the documents would unreasonably restrict Buyer's use of the Real Estate or 225 would result in financial obligations unacceptable to Buyer in connection with owning the Real Estate, then 226 Buyer may declare this Contract null and void by giving Notice to Seller within five (5) Business Days after the 227 receipt of the documents and information required by this paragraph, listing those deficiencies which are 228 unacceptable to Buyer. If Notice is not served within the time specified, Buyer shall be deemed to have waived 229 this contingency, and this Contract shall remain in full force and effect. 230 f) Seller shall provide a certificate of insurance showing Buyer and Buyer's mortgagee, if any, as an insured. 231 16. THE DEED: Seller shall convey or cause to be conveyed to Buyer or Buyer's designated grantee good and 232 merchantable title to the Real Estate by recordable Warranty Deed, with release of homestead rights, (or the 233 appropriate deed if title is in trust or in an estate), and with real estate transfer stamps to be paid by Seller (unless 234 otherwise designated by local ordinance). Title when conveyed will be good and merchantable, subject only to: 235 covenants, conditions and restrictions of record and building lines and easements, if any, provided they do not 236 interfere with the current use and enjoyment of the Real Estate; and general real estate taxes not due and payable 237 at the time of Closing. 238 17. MUNICIPAL ORDINANCE, TRANSFER TAX, AND GOVERNMENTAL COMPLIANCE: 239 a) The Parties are cautioned that the Real Estate may be situated in a municipality that has adopted a pre- 240 closing inspection or disclosure requirement, municipal Transfer Tax or other similar ordinances. Cost of 241 transfer taxes, inspection fees, and any repairs required by an inspection pursuant to municipal ordinance shall 242 be paid by the Party designated in such ordinance unless otherwise agreed to by the Parties. 243 b) The Parties agree to comply with the reporting requirements of the applicable sections of the Internal 244 Revenue Code, the Foreign Investment in Real Property Tax Act (FIRPTA), and the Real Estate Settlement 245 Procedures Act of 1974, as amended. 246 18. TITLE: At Seller's expense, Seller will deliver or cause to be delivered to Buyer or Buyer's attorney within 247 customary time limitations and sufficiently in advance of Closing, as evidence of title in Seller or Grantor, a title 248 commitment for an ALTA title insurance policy in the amount of the Purchase Price with extended coverage by a 249 title company licensed to operate in the State of Illinois, issued on or subsequent to Date of Acceptance, subject 250 only to items listed in Paragraph 16 and shall cause a title policy to be issued with an effective date as of Closing. 251 The requirement to provide extended coverage shall not apply if the Real Estate is vacant land. The commitment 252 for title insurance furnished by Seller will be presumptive evidence of good and merchantable title as therein 253 shown, subject only to the exceptions therein stated. If the title commitment discloses any unpermitted 254 exceptions or if the Plat of Survey shows any encroachments or other survey matters that are not acceptable to 255 Buyer, then Seller shall have said exceptions, survey matters or encroachments removed, or have the title 256 insurer commit to either insure against loss or damage that may result from such exceptions or survey matters 257 or insure against any court -ordered removal of the encroachments. If Seller fails to have such exceptions waived 258 or insured over prior to Closing, Buyer may elect to take title as it then is with the right to deduct from the Purchase 259 Price prior encumbrances of a definite or ascertainable amount. Seller shall furnish to Buyer at Closing an Affidavit 260 of Title covering the date of Closing, and shall sign any other customary forms required for issuance of an ALTA 261 Insurance Policy. 262 19. PLAT OF SURVEY: Not less than one (1) Business Day prior to Closing, except where the Real Estate is a 263 condominium, Seller shall, at Seller's expense, furnish to Buyer or Buyer's attorney a Plat of Survey that conforms Buyer Initial — Buyer Initial Seller Initial _ �IA Seller Initial �— Address: 839 Todd Ct Deerfield IL 60015 0.0 Page 6 of 13 D(UlglJlgn verlTlea-ab5"I"Iecj-aD'ia-4oza-DDzz-eTcD4relca4b. 264 to the current Minimum Standard of Practice for boundary surveys, is dated not more than six (6) months prior to 265 the date of Closing, and is prepared by a professional land surveyor licensed to practice land surveying under the 266 laws of the State of Illinois. The Plat of Survey shall show visible evidence of improvements, rights of way, 267 easements, use and measurements of all parcel lines. The land surveyor shall set monuments or witness corners at 268 all accessible corners of the land. All such corners shall also be visibly staked or flagged. The Plat of Survey shall 269 include the following statement placed near the professional land surveyor's seal and signature: "This professional 270 service conforms to the current Illinois Minimum Standards for a boundary survey." A Mortgage Inspection, as 271 defined, is not a boundary survey and is not acceptable. 272 20. DAMAGE TO REAL ESTATE OR CONDEMNATION PRIOR TO CLOSING: If prior to delivery of the deed the Real 273 Estate shall be destroyed or materially damaged by fire or other casualty, or the Real Estate is taken by 274 condemnation, then Buyer shall have the option of either terminating this Contract (and receiving a refund of 275 Earnest Money) or accepting the Real Estate as damaged or destroyed, together with the proceeds of the 276 condemnation award or any insurance payable as a result of the destruction or damage, which gross proceeds 277 Seller agrees to assign to Buyer and deliver to Buyer at Closing. Seller shall not be obligated to repair or replace 278 damaged improvements. The provisions of the Uniform Vendor and Purchaser Risk Act of the State of Illinois shall 279 be applicable to this Contract, except as modified by this paragraph. 280 21. CONDITION OF REAL ESTATE AND INSPECTION: Seller agrees to leave the Real Estate in broom clean condition. 281 All refuse and personal property that is not to be conveyed to Buyer shall be removed from the Real Estate at 282 Seller's expense prior to delivery of Possession. Buyer shall have the right to inspect the Real Estate, fixtures and 283 included Personal Property prior to Possession to verify that the Real Estate, improvements and included Personal 284 Property are in substantially the same condition as of Date of Acceptance, normal wear and tear excepted. 285 22. SELLER REPRESENTATIONS: Seller's representations contained in this paragraph shall survive the Closing. 286 Seller represents that with respect to the Real Estate, Seller has no knowledge of, nor has Seller received any written 287 notice from any association or governmental entity regarding: 288 a) zoning, building, fire or health code violations that have not been corrected; 289 b) any pending rezoning; 290 c) boundary line disputes; 291 d) any pending condemnation or Eminent Domain proceeding; 292 e) easements or claims of easements not shown on the public records; 293 f) any hazardous waste on the Real Estate; 294 g) real estate tax exemption(s) to which Seller is not lawfully entitled; or 295 h) any improvements to the Real Estate for which the required initial and final permits were not obtained. 296 Seller further represents that: 297 [INITIALS) Q There (CHECK ONE] ❑ are El are not improvements to the Real Estate which are not 298 included in fu w ire determination of the most recent tax assessment. 299 [INITIALS] There [CHECK ONE] ❑ are 0 are not improvements to the Real Estate which are eligible 300 for the home improvement tax exemption. 301 [INITIALS] There [CHECK ONE] ❑ is ® is not an unconfirmed pending special assessment affecting 302 the Real Estate by any association or governmental entity payable by Buyer after the date of Closing. 303 [INITIALS] � � The Real Estate [CHECK ONE] ❑ is a is not located within a Special Assessment Area or 304 Special Service Area, payments for which will not be the obligation of Seller after the year in which the Closing occurs. 305 All Seller representations shall be deemed re -made as of Closing. If prior to Closing Seller becomes aware of 306 matters that require modification of the representations previously made in this Paragraph 22, Seller shall Buyer Initial Buyer Initial Seller Initial �_ Seller Initial r� Address: 839 Todd Ct. Deerfield IL 60015 0.0 Page 7 of 13 D(Uigiciign vermea - any-i -i eco-am a-45za-DDZZ-eTCD4re'1 ca4o 307 promptly notify Buyer. If the matters specified in such Notice are not resolved prior to Closing, Buyer may 308 terminate this Contract by Notice to Seller and this Contract shall be null and void. 309 23. REAL ESTATE TAX ESCROW: In the event the Real Estate is improved, but has not been previously taxed for 310 the entire year as currently improved, the sum of three percent (3%) of the Purchase Price shall be deposited in 311 escrow with the title company with the cost of the escrow to be divided equally by Buyer and Seller and paid at 312 Closing. When the exact amount of the taxes to be prorated under this Contract can be ascertained, the taxes shall 313 be prorated by Seller's attorney at the request of either Party and Seller's share of such tax liability after proration 314 shall be paid to Buyer from the escrow funds and the balance, if any, shall be paid to Seller. If Seller's obligation 315 after such proration exceeds the amount of the escrow funds, Seller agrees to pay such excess promptly upon 316 demand. 317 24. BUSINESS DAYSIHOURS: Business Days are defined as Monday through Friday, excluding Federal holidays. 318 Business Hours are defined as 8 a.m. to 6 p.m. Chicago time. In the event the Closing or Loan Contingency Date 319 described in this Contract does not fall on a Business Day, such date shall be the next Business Day. 320 25. ELECTRONIC OR DIGITAL SIGNATURES: Facsimile or digital signatures shall be sufficient for purposes of 321 executing, negotiating, finalizing, and amending this Contract, and delivery thereof by one of the following 322 methods shall be deemed delivery of this Contract containing original signature(s). An acceptable facsimile 323 signature may be produced by scanning an original, hand -signed document and transmitting same by electronic 324 means. An acceptable digital signature may be produced by use of a qualified, established electronic security 325 procedure mutually agreed upon by the Parties. Transmissions of a digitally signed copy hereof shall be by an 326 established, mutually acceptable electronic method, such as creating a PDF ("Portable Document Format") 327 document incorporating the digital signature and sending same by electronic mail. 328 26. DIRECTION TO ESCROWEE: In every instance where this Contract shall be deemed null and void or if this 329 Contract may be terminated by either Party, the following shall be deemed incorporated: "and Earnest Money 330 refunded upon the joint written direction by the Parties to Escrowee or upon an entry of an order by a court of 331 competent jurisdiction." 332 In the event either Party has declared the Contract null and void or the transaction has failed to close as provided 333 for in this Contract and if Escrowee has not received joint written direction by the Parties or such court order, the 334 Escrowee may elect to proceed as follows: 335 a) Escrowee shall give written Notice to the Parties as provided for in this Contract at least fourteen (14) days 336 prior to the date of intended disbursement of Earnest Money indicating the manner in which Escrowee intends 337 to disburse in the absence of any written objection. If no written objection is received by the date indicated in 338 the Notice then Escrowee shall distribute the Earnest Money as indicated in the written Notice to the Parties. 339 If any Party objects in writing to the intended disbursement of Earnest Money then Earnest Money shall be 340 held until receipt of joint written direction from all Parties or until receipt of an order of a court of competent jurisdiction. 341 b) Escrowee may file a Suit for Interpleader and deposit any funds held into the Court for distribution after 342 resolution of the dispute between Seller and Buyer by the Court. Escrowee may retain from the funds deposited 343 with the Court the amount necessary to reimburse Escrowee for court costs and reasonable attorney's fees 344 incurred due to the filing of the Interpleader. If the amount held in escrow is inadequate to reimburse Escrowee 345 for the costs and attorney's fees, Buyer and Seller shall jointly and severally indemnify Escrowee for additional 346 costs and fees incurred in filing the Interpleader action. 347 27. NOTICE: Except as provided in Paragraph 30 c) 2) regarding the manner of service for "kick -out" Notices, all 348 Notices shall be in writing and shall be served by one Party or attorney to the other Party or attorney. Notice to 349 any one of the multiple person Party shall be sufficient Notice to all. Notice shall be given in the following manner: 350 a) By personal delivery; or Buyer Initial Buyer Initial Seller Initial C Seller Initial Address: 839 Todd Ct Deerfield IL 60015 0.0 Page 8 of 13 DcUlglJlgn verMea-aoo,necj-ama-45La-DQLL-ercp4relca40. 351 b) By mailing to the addresses recited herein on Page 13 by regular mail and by certified mail, return receipt 352 requested. Except as otherwise provided herein, Notice served by certified mail shall be effective on the date of mailing; or 353 c) By facsimile transmission. Notice shall be effective as of date and time of the transmission, provided that the 354 Notice transmitted shall be sent on Business Days during Business Hours. In the event Notice is transmitted during 355 non business hours, the effective date and time of Notice is the first hour of the next Business Day after transmission; or 356 d) By e-mail transmission if an e-mail address has been furnished by the recipient Party or the recipient Party's 357 attorney to the sending Party or is shown in this Contract. Notice shall be effective as of date and time of e-mail 358 transmission, provided that, in the event e-mail Notice is transmitted during non -business hours, the effective date 359 and time of Notice is the first hour of the next Business Day after transmission. An attorney or Party may opt out 360 of future e-mail Notice by any form of Notice provided by this Contract; or 361 e) By commercial overnight delivery (e.g., FedEx). Such Notice shall be effective on the next Business Day 362 following deposit with the overnight delivery company. 363 f) If a Party fails to provide contact information herein, as required, Notice may be served upon the Party's 364 Designated Agent in any of the manners provided above. 365 g) The Party serving a Notice shall provide courtesy copies to the Parties' Designated Agents. Failure to provide 366 such courtesy copies shall not render Notice invalid. 367 28. PERFORMANCE: Time is of the essence of this Contract. In any action with respect to this Contract, the Parties 368 are free to pursue any legal remedies at law or in equity and the prevailing party in litigation shall be entitled to collect 369 reasonable attorney fees and costs from the non -prevailing party as ordered by a court of competent jurisdiction. 370 THE FOLLOWING NUMBERED PARAGRAPHS ARE A PART OF THIS CONTRACT ONLY IF INITIALED BY THE PARTIES. 371 UNmALsl 29. CONFIRMATION OF DUAL AGENCY: The Parties confirm that they have previously 372 consented to [LICENSEE] acting as a Dual Agent in providing brokerage services on 373 their behalf and specifically consent to Licensee acting as a Dual Agent with regard to the transaction referred to in 374 this Contract. 375 30. SALE OF BUYER'S REAL ESTATE: 376 a) REPRESENTATIONS ABOUT BUYER'S REAL ESTATE: Buyer represents to Seller as follows: 377 1) Buyer owns real estate (hereinafter referred to as "Buyer's real estate") with the address of: 378 379 Address City State Zip 380 2) Buyer [CHECK ONE] ❑ has ❑ has not entered into a contract to sell Buyer's real estate. 381 If Buyer has entered into a contract to sell Buyer's real estate, that contract: 382 a) [CHECK ONE] ❑ is ❑ is not subject to a mortgage contingency. 383 b) [CHECK ONE] ❑ is ❑ is not subject to a real estate sale contingency. 384 c) [CHECK ONE] ❑ is ❑ is not subject to a real estate closing contingency. 385 3) Buyer [CHECK ONE] ❑ has ❑ has not publicly listed Buyer's real estate for sale with a licensed real estate broker 386 and in a local multiple listing service. 387 4) If Buyer's real estate is not publicly listed for sale with a licensed real estate broker and in a local multiple 388 listing service, Buyer [CHECK ONE]: 389 a) ❑ Shall publicly list real estate for sale with a licensed real estate broker who will place it in a local 390 multiple listing service within five (5) Business Days after Date of Acceptance. 391 [FOR INFORMATION ONLY] Broker: 392 Broker's Address: Phone: 393 b) ❑ Does not intend to list said real estate for sale. Buyer Initial XM� Buyer Initial Seller Initial2. Seller Initial I Address: 839 Todd Ct. Deerfield IL 60015 v7.0 Page 9 of 13 DcUlgiNgn verMea - ab5"I'Iecj-aD-ia-45La-DpLL-ercp4re-ica4t5. ....y.v.yu •v. n.------Lv-V'--- —I --i 1-/ ld IGJNd1.0 iU% 394 b) CONTINGENCIES BASED UPON SALE AND/OR CLOSING OF REAL ESTATE: 395 1) This Contract is contingent upon Buyer having entered into a contract for the sale of Buyer's real estate that is 396 in full force and effect as of 20 . Such contract should provide for a closing date not 397 later than the Closing Date set forth in this Contract. If Notice is served on or before the date set forth in this 398 subparagraph that Buyer has not procured a contract for the sale of Buyer's real estate, this Contract shall 399 be null and void. If Notice that Buyer has not procured a contract for the sale of Buyer's real estate is not 400 served on or before the close of business on the date set forth in this subparagraph, Buyer shall be deemed 401 to have waived all contingencies contained in this Paragraph 30, and this Contract shall remain in full force 402 and effect. (If this paragraph is used, then the following paragraph must be completed.) 403 2) In the event Buyer has entered into a contract for the sale of Buyer's real estate as set forth in Paragraph 30 b) 404 1) and that contract is in full force and effect, or has entered into a contract for the sale of Buyer's real estate 405 prior to the execution of this Contract, this Contract is contingent upon Buyer closing the sale of Buyer's real 406 estate on or before .20 . If Notice that Buyer has not closed the sale of Buyer's real 407 estate is served before the close of business on the next Business Day after the date set forth in the preceding 408 sentence, this Contract shall be null and void. If Notice is not served as described in the preceding sentence, 409 Buyer shall have deemed to have waived all contingencies contained in this Paragraph 30, and this Contract 410 shall remain in full force and effect. 411 3) If the contract for the sale of Buyer's real estate is terminated for any reason after the date set forth in Paragraph 412 30 b)1) (or after the date of this Contract if no date is set forth in Paragraph 30 b)1)), Buyer shall, within three 413 (3) Business Days of such termination, notify Seller of said termination. Unless Buyer, as part of said Notice, 414 waives all contingencies in Paragraph 30 and complies with Paragraph 30 d), this Contract shall be null and 415 void as of the date of Notice. If Notice as required by this subparagraph is not served within the time 416 specified, Buyer shall be in default under the terms of this Contract. 417 c) SELLER'S RIGHT TO CONTINUE TO OFFER REAL ESTATE FOR SALE: During the time of this contingency, 418 Seller has the right to continue to show the Real Estate and offer it for sale subject to the following: 419 1) If Seller accepts another bona fide offer to purchase the Real Estate while contingencies expressed in Paragraph 420 30 b) are in effect, Seller shall notify Buyer in writing of same. Buyer shall then have hours after Seller 421 gives such Notice to waive the contingencies set forth in Paragraph 30 b), subject to Paragraph 30 d). 422 2) Seller's Notice to Buyer (commonly referred to as a "kick -out" Notice) shall be in writing and shall be served 423 on Buyer, not Buyer's attorney or Buyer's real estate agent. Courtesy copies of such "kick -out" Notice should 424 be sent to Buyer's attorney and Buyer's real estate agent, if known. Failure to provide such courtesy copies 425 shall not render Notice invalid. Notice to any one of a multiple -person Buyer shall be sufficient Notice to all 426 Buyers. Notice for the purpose of this subparagraph only shall be served upon Buyer in the following manner: 427 a) By personal delivery effective at the time and date of personal delivery; or 428 b) By mailing to the address recited herein for Buyer by regular mail and by certified mail. Notice shall be 429 effective at 10 a.m. on the morning of the second day following deposit of Notice in the U.S. Mail; or 430 c) By commercial delivery overnight (e.g., FedEx). Notice shall be effective upon delivery or at 4 p.m. Chicago 431 time on the next delivery day following deposit with the overnight delivery company, whichever first occurs. 432 3) If Buyer complies with the provisions of Paragraph 30 d) then this Contract shall remain in full force and effect. 433 4) If the contingencies set forth in Paragraph 30 b) are NOT waived in writing within said time period by Buyer, 434 this Contract shall be null and void. 435 5) Except as provided in Paragraph 30 c) 2) above, all Notices shall be made in the manner provided by Paragraph 436 27 of this Contract. 437 6) Buyer waives any ethical objection to the delivery of Notice under this paragraph by Seller's attorney or representative Buyer Initial Xsumm Buyer Initial Seller Initial �` Seller Initial Address: 839 Todd Ct Deerfield IL 60015 0.0 Page 10 of 13 DCUlgIJIgn verMea-ab5'I"Ieci-aD,ia-45La-DDZz-ercp4relca4?5 ✓.yev•y.• rV•t••VV I 1—(UQ IGJUU IUUC 438 d) WAIVER OF PARAGRAPH 30 CONTINGENCIES: Buyer shall be deemed to have waived the contingencies in 439 Paragraph 30 b) when Buyer has delivered written waiver and deposited with the Escrowee additional earnest 440 money in the amount of $ in the form of a cashier's or certified check within the time specified. 441 If Buyer fails to deposit the additional earnest money within the time specified, the waiver shall be deemed 442 ineffective and this Contract shall be null and void. 443 e) BUYER COOPERATION REQUIRED: Buyer authorizes Seller or Seller's agent to verify representations 444 contained in Paragraph 30 at any time, and Buyer agrees to cooperate in providing relevant information. 445 31. CANCELLATION OF PRIOR REAL ESTATE CONTRACT: In the event either Party has entered 446 into a prior real estate contract, this Contract shall be subject to written cancellation of the prior contract on or before 447 .20 . In the event the prior contract is not cancelled within the time specified, this Contract 448 shall be null and void. If prior contract is subject to Paragraph 30 contingencies, Seller's notice to the purchaser 449 under the prior contract should not be served until after Attorney Review and Professional Inspections provisions 450 of this Contract have expired, been satisfied or waived. 451 32. HOME WARRANTY: Seller shall provide at no expense to Buyer a Home Warranty at a cost of 452 $ Evidence of a fully pre -paid policy shall be delivered at Closing. 453 33. WELL OR SANITARY SYSTEM INSPECTIONS: Seller shall obtain at Seller's expense a well 454 water test stating that the well delivers not less than five (5) gallons of water per minute and including a bacteria and 455 nitrate test and/or a septic report from the applicable County Health Department, a Licensed Environmental Health 456 Practitioner, or a licensed well and septic inspector, each dated not more than ninety (90) days prior to Closing, stating 457 that the well and water supply and the private sanitary system are in operating condition with no defects noted. Seller 458 shall remedy any defect or deficiency disclosed by said report(s) prior to Closing, provided that if the cost of 459 remedying a defect or deficiency and the cost of landscaping together exceed $3,000, and if the Parties cannot reach 460 agreement regarding payment of such additional cost, this Contract may be terminated by either Party. Additional 461 testing recommended by the report shall be obtained at the Seller's expense. If the report recommends additional 462 testing after Closing, the Parties shall have the option of establishing an escrow with a mutual cost allocation for 463 necessary repairs or replacements, or either Party may terminate this Contract prior to Closing. Seller shall deliver a 464 copy of such evaluation(s) to Buyer not less than ten (10) Business Days prior to Closing. 465 34. WOOD DESTROYING INFESTATION: Notwithstanding the provisions of Paragraph 12, within 466 ten (10) Business Days after Date of Acceptance, Seller at Seller's expense shall deliver to Buyer a written report, dated 467 not more than six (6) months prior to the Date of Closing, by a licensed inspector certified by the appropriate state 468 regulatory authority in the subcategory of termites, stating that there is no visible evidence of active infestation by 469 termites or other wood destroying insects. Unless otherwise agreed between the Parties, if the report discloses 470 evidence of active infestation or structural damage, Buyer has the option within five (5) Business Days of receipt of the 471 report to proceed with the purchase or to declare this Contract null and void. 472 35. POSSESSION AFTER CLOSING: Possession shall be delivered no later than 11:59 p.m. on the 473 date that is (cHECK oNE1 ❑ days after the date of Closing or ❑ _ , 20 _ ("the Possession Date"). 474 Seller shall be responsible for all utilities, contents and liability insurance, and home maintenance expenses until 475 delivery of possession. Seller shall deposit in escrow at Closing with an escrowee as agreed, the sum of $ 476 (if left blank, two percent (2%) of the Purchase Price) and disbursed as follows: 477 a) The sum of $ per day for use and occupancy from and including the day after Closing to 478 and including the day of delivery of Possession if on or before the Possession Date; 479 b) The amount per day equal to three (3) times the daily amount set forth herein shall be paid for each day after 480 the Possession Date specified in this paragraph that Seller remains in possession of the Real Estate; and Buyer Initial X�°"'� Buyer Initial Seller Initial F SelIer Initial Address: 839 Todd Ct, Deerfield, IL 60015 _ v7.0 Page 11 of 13 D(UlglJlgn verMea - abo"I'Ieci-aD,ia-4oza-DDLL-ercD4re'ica425 v ..,V.yI VI-I UG 1 LJu41 Uut; 481 c) The balance, if any, to Seller after delivery of Possession and provided that the terms of Paragraph 21 have 482 been satisfied. Seller's liability under this paragraph shall not be limited to the amount of the possession escrow 483 deposit referred to above. Nothing herein shall be deemed to create a Landlord/Tenant relationship between the Parties. 484 36. "AS IS" CONDITION: This Contract is for the sale and purchase of the Real Estate in its "As Is" 485 condition as of the Date of Offer. Buyer acknowledges that no representations, warranties or guarantees with respect 486 to the condition of the Real Estate have been made by Seller or Seller's Designated Agent other than those known 487 defects, if any, disclosed by Seller. Buyer may conduct at Buyer's expense such inspections as Buyer desires. In that 488 event, Seller shall make the Real Estate available to Buyer's inspector at reasonable times. Buyer shall indemnify Seller 489 and hold Seller harmless from and against any loss or damage caused by the acts of negligence of Buyer or any person 490 performing any inspection. In the event the inspection reveals that the condition of the Real Estate is unacceptable 491 to Buyer and Buyer so notifies Seller within five (5) Business Days after Date of Acceptance, this Contract shall be 492 null and void. Buyer's notice SHALL NOT include a copy of the inspection report, and Buyer shall not be obligated 493 to send the inspection report to Seller absent Seller's written request for same. Failure of Buyer to notify Seller or 494 to conduct said inspection operates as a waiver of Buyer's right to terminate this Contract under this paragraph and 495 this Contract shall remain in full force and effect. Buyer acknowledges that the provisions of Paragraph 12 and the 496 warranty provisions of Paragraph 3 do not apply to this Contract. Nothing in this paragraph shall prohibit the exercise 497 of rights by Buyer in Paragraph 33, if applicable. 498 37. SPECIFIED PARTY APPROVAL: This Contract is contingent upon the approval of the Real 499 Estate by Buyer's Specified Party, within five (5) Business Days after Date 500 of Acceptance. In the event Buyer's Specified Party does not approve of the Real Estate and Notice is given to Seller 501 within the time specified, this Contract shall be null and void. If Notice is not served within the time specified, this 502 provision shall be deemed waived by the Parties and this Contract shall remain in full force and effect. 503 1 � _ 38. ATTACHMENTS: The following attachments, if any, are hereby incorporated into this Contract 504 (1DENHFYBYnnE]: Contract will need approval from the board of directors at the village of DF 505 Washer and dryer included �u«pa� to yioaia appxova 3/ 3f 2 02 3 XSSVMVO/i _ 506 39. MISCELLANEOUS PROVISIONS: Buyer's and Seller's obligations are contingent upon the 507 Parties entering into a separate written agreement consistent with the terms and conditions set forth herein, and with 508 such additional terms as either Party may deem necessary, providing for one or more of the following [CHECKAPPLICABLEB02 MS]: 509 ❑ Articles of Agreement for Deed ❑ Assumption of Seller's Mortgage ❑ Commercial/Investment 510 or Purchase Money Mortgage ❑ Cooperative Apartment ❑ New Construction 511 ❑ Short Sale ❑ Tax -Deferred Exchange ❑ Vacant Land 512 ❑ Multi -Unit (4 Units or fewer) ❑ Interest Bearing Account ❑ Lease Purchase " Buyer Initial XSSVMV= Buyer Initial Seller Initial (A Seller Initial _ 1�__ 0 Address: 839 Todd Ct Deerfield IL 60015 _ 0.0 Page 12 of 13 DcUlglJlgn VenTlea-auoview-ama-4oza-DDL"L-erCD4relca4t5, 513 THE PARTIES ACKNOWLEDGE THAT THIS CONTRACT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF ILLINOIS AND IS SUBJECT TO THE 514 COVENANT OF GOOD FAITH AND FAIR DEALING IMPLIED IN ALL ILLINOIS CONTRACTS. 515 THiS DOCUMENTIML.L BECOME A LEGALLY BINDING CONTRACT WHEN SIGNED BY ALL PARTIES AND DELIVERED TO THE PARTIES OR THEIR AGENTS. 516 THE PARTIES REPRESENT THAT THE TEXT OF THIS COPYRIGHTED FORM HAS NOT BEEN ALTERED AND IS IDENTICAL TO THE OFFICIAL MUL11- 517 BOARD RESIDENTIAL REAL ESTATE CONTRACT7.0. 2/10/2023 518 02/10/2023 _. 519 Date of Offer DATE OF ACCEPTANCE 520 _ = 4 521 Buyer Signature Se' er MIgnature 522 523 Buyer Signature Se er rgnature 524 Village of Deerfield MUNOZ LUIS_, DORANTES tELVIRA 525 Print Buyer(s) Name(s) [REQUIRED] .DORANTES Print Seller(s) Name(s) [REQUIRED] 526 MUNOZ LUIS DORANTES DORANTES ELVIRA 527 Address [REQUIRED] 'MeTJWEffMt Deerfield, Illinois 60015 528 _ 529 City, State, Zip [REQUIRED] City, State, Zip [REQUIRED] 530 _ kstreet@deerfield.il.us 531 Phone E-mail _ Phone E-mail 532 FOR INFORMATION ONLY 533 Jameson Sotheby's International Realty 4624 477014254 Leading Edge Realty Advisors 26623_ 471019127 534 Buyer's Brokerage MLS # State License # Seller's Brokerage MLS # State License # 535 586 Lincoln Ave. Winnetka 60093 479 E. Business Center Drive Mt. Prospect 60056 536 Address City Zip Address City Zip 537 Paula Avenaim 44466 _ 475176557 Christopher Demas 249771 471019127 ` 538 Buyer's Designated Agent MLS # State License # Seller's Designated Agent MLS # State License # 539 847 716-5152 _ (847) 361-3420 540 Phone Fax Phone Fax 541 payenaim 'ameSOnSIr.COm CdemaS IeradviSOrS.COm 542 543 E-mail Megan R. Cawley megan.cawley@elrodfriedman.com _ E-mail Agostino Fi 1 i ppone afi 1 i ppone@l aw-cf . com 544 Buyer's Attorney E-mail Seller's Attorney E-mail 545 325 N. LaSalle _ChicGO it 60654 546 Address City State Zip Address City State Zip 547 312-528-5198 847-346-5565 548 Phone Fax Phone Fax 549 _ 550 Mortgage Company Phone Homeowner's/Condo Association (if any) Phone 551 NA 552 Loan Officer Phone/Fax Management Co./Other Contact Phone 553 554 Loan Officer E-mail Management Co./Other Contact E-mail 555 Illinois Real Estate License Law requires all offers be presented in a timely manner, Buyer requests verification that this offer was presented. 556 Seller rejection: This offer was presented to Seller on _., 20 at _ _ a.m./p.m. and rejected on 557 20 at _:_ a.m./p.m. _ _ [SELLER INITIALS] 558 © 2028Illinois Real Estate i auoyers Association. All rights reserved. Unauthorized duplication or alteration of this form or any portion thereof is prohibited. Official form available at wu{'aeirelr.o;g 559 (u ebsite of Illinois Real Estate Lawyers Association). Approved by the fallowing organizations, December 2018. Belvidere Board ofREALTORS®' Chicago Association ofREALTORS®' Chicago Bar Association 560 - DuPage Counhj Bar Association ' Heartland REALTOR@ Organization • Grundy County Bar Association' Hometown Association of REALTORS©' Illinois Real Estate Lawyers Association ' Illini Valley 561 Association of REALTORSO - Kane County Bm• Association' Kankakee -Iroquois -Ford County Association ofREALTORS@ • Mainstred Organization of REALTORS©' McHenny County Bar Association' 562 North Shore -Barrington Association gREALTORSO ' North Suburban Bar Association • Northwest Suburban Bar Association ' Oak Park Area Association of REALTORSO • REALTOR@ Association of 563 the Fos Valley, Inc. - Three Rivers Association of REALTORS -Will County Bar Association Address: 839 Todd Ct, Deerfield, IL 60015 0.0 Page 13 of 13 DcUlg IJ Ig n ve rlTlea - ab5 "I "I ec j-a D "I a-4oza-ppLL-ercp4Te'I c040 �•—'.7'�'J" "••••"'^ "v-.....�vvv v.vv .v.v vv� . e w4 ���Uw �vUN 11. ILLINOIS REALTORS@ ILA NOIs DISCLOSURE OF INFORMATION AND ACKNOWLEDGEMENT ® OPPORTUNITY . REALTORS LEAD -BASED PAINT AND/OR LEAD -BASED PAINT HAZARDS REACTOR _ IE� Lead Warning Statement Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead -based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide the buyer with any information on lead -based paint hazards from risk assessments or inspections in the seller's possession and notify the buyer of any known lead -based paint hazards. A risk assessment or inspection for possible lead -based paint hazards is recommended prior to purchase. Property Address: 839 Todd Court Deerfield, Illinois 60015 Seller's Disclosure (initial) (a) Presence of lead -based paint and/or lead -based paint hazards (check one below): ❑ Known lead -based paint and/or lead -based paint hazards are present in the housing (explain): ❑ Seller has no knowledge of lead -based paint and/or lead -based paint hazards in the housing. cC�b) Records and Reports available to the seller (check one below): ❑ Seller has provided the purchaser with all available records and reports pertaining to lead -based paint and/or lead -based paint hazards in the housing (list documents below): M Seller has no reports or records pertaining to lead -based paint and/or lead -based paint hazards in the housing. Purchaser's Acknowledgment (initial) (c) Purchaser has received copies of all information listed above. (d) Purchaser has received the pamphlet Protect Your Family From Lead in Your Home. (e) Purchaser has (check one below): ❑ Received a 10-day opportunity (or mutually agreed upon period) to conduct a risk assessment or inspection of the presence of lead -based paint or lead -based paint hazards; or ❑ Waived the opportunity to conduct a risk assessment or inspection for the presence of lead -based paint and/or lead -based paint hazards. Agent's Acknowledgment (initial) Fc-D (f) Agent has informed the seller of the seller's obligations under 42 U.S.C. 4852d and is aware of his/her responsibility to ensure compliance. Certification of Accuracy The following parties have reviewed the information above and certify to the best of their knowledge, that the information they have provided is true and accurate. °"""°"'tlby: 2/2/2023 Seller _ Luis Dby,"s ` Date �--• 312ET4AF59C913A. D9�u9^.br. 2/1/2023 Seller .�� Date °�"�'" bV: 2/1/2023 Agent LcZZF1U, Date B1DDEM032N0B (This disclosure form should be attached to the Contract to Purchase.) FORM 420 (05/2019) COPYRIGHT ILLINOIS REALTORS® Purchaser XSSVMVO9 Purchaser Date 02/10/2023 Date Agent 'P6,d,&4unalaa DW10/2023 1/1 Dcul/yylslgn veri lea-aoo-i-lec.3-ao-1a-4oza-DDZZ-erco4Te-ica4u 03 ILLINOIS Illinois REALTORS® REALTORW ory oRiuniv REALTORS -do-p� RESIDENTIAL REAL PROPERTY DISCLOSURE REPORT (765 ILCS 77/35) NOTICE: THE PURPOSE OF THIS REPORT IS TO PROVIDE PROSPECTIVE BUYERS WITH INFORMATION ABOUT MATERIAL DEFECTS IN THE RESIDENTIAL REAL PROPERTY. THIS REPORT DOES NOT LIMIT THE PARTIES' RIGHT TO CONTRACT FOR THE SALE OF RESIDENTIAL REAL PROPERTY IN "AS IS" CONDITION. UNDER COMMON LAW, SELLERS WHO DISCLOSE MATERIAL DEFECTS MAY BE UNDER A CONTINUING OBLIGATION TO ADVISE THE PROSPECTIVE BUYERS ABOUT THE CONDITION OF THE RESIDENTIAL REAL PROPERTY EVEN AFTER THE REPORT IS DELIVERED TO THE PROSPECTIVE BUYER. COMPLETION OF THIS REPORT BY THE SELLER CREATES LEGAL OBLIGATIONS ON THE SELLER; THEREFORE SELLER MAY WISH TO CONSULT AN ATTORNEY PRIOR TO COMPLETION OF THIS REPORT Property Address: 839 Todd Court City, State & Zip Code: Deerfield Illinois 60015 Seller's Name: Luis Dorantes & Elvira Dorantes This Report is a disclosure of certain conditions of the residential real property listed above in compliance with the Residential Real Property Disclosure Act. This information is provided as of February 1 202 and does not reflect any changes made or occurring after that date or information that becomes known to the seller after that date. The disclosures herein shall not be deemed warranties of any kind by the seller or any person representing any party in this transaction. In this form, "am aware" means to have actual notice or actual knowledge without any specific investigation or inquiry. In this form, a "material defect" means a condition that would have a substantial adverse effect on the value of the residential real property or that would significantly impair the health or safety of future occupants of the residential real property unless the seller reasonably believes that the condition has been corrected. The seller discloses the following information with the knowledge that even though the statements herein are not deemed to be warranties, prospective buyers may choose to rely on this information in deciding whether or not and on what terms to purchase the residential real property. The seller represents that to the best of his or her actual knowledge, the following statements have been accurately noted as "yes" (correct), "no" (incorrect), or "not applicable" to the property being sold. If the seller indicates that the response to any statement, except number 1, is yes or not applicable, the seller shall provide an explanation, in the additional information area of this form. YES NO N/A I . X _ _ Seller has occupied the property within the last 12 months. (No explanation is needed.) 2. _ _ I am aware of flooding or recurring leakage problems in the crawl space or basement. 3. _ _ I am aware that the property is located in a flood plain or that I currently have flood hazard insurance on the property. 4. _ _ I am aware of material defects in the basement or foundation (including cracks and bulges). 5. _ _ I am aware of leaks or material defects in the roof, ceilings, or chimney. 6. _ _ I am aware of material defects in the walls, windows, doors, or floors. 7. _ _ I am aware of material defects in the electrical system. 8. _ _ 1 am aware of material defects in the plumbing system (includes such things as water heater, sump pump, water treatment system, sprinkler system, and swimming pool). 9. _ _ I am aware of material defects in the well or well equipment. 10. _ _ I am aware of unsafe conditions in the drinking water. 11. _ _ I am aware of material defects in the heating, air conditioning, or ventilating systems. 12. _ _ I am aware of material defects in the fireplace or wood burning stove. 13. _ _ I am aware of material defects in the septic, sanitary sewer, or other disposal system. 14. _ _ I am aware of unsafe concentrations of radon on the premises. 15. _ _ I am aware of unsafe concentrations of or unsafe conditions relating to asbestos on the premises. 16. _ _ 1 am aware of unsafe concentrations of or unsafe conditions relating to lead paint, lead water pipes, lead plumbing pipes or lead in the soil on the premises. 17. _ _ I am aware of mine subsidence, underground pits, settlement, sliding, upheaval, or other earth stability defects on the premises. 18. _ _ I am aware of current infestations of termites or other wood boring insects. 19. _ _ I am aware of a structural defect caused by previous infestations of termites or other wood boring insects. 20. _ _ I am aware of underground fuel storage tanks on the property. 21. _ _ I am aware of boundary or lot line disputes. 22. _ _ I have received notice of violation of local, state or federal laws or regulations relating to this property, which violation has not been corrected. 23. _ _ _ 1 am aware that this property has been used for the manufacture of methamphetamine as defined in Section 10 of the Methamphetamine Control and Community Protection Act. Note: These disclosures are not intended to cover the common elements of a condominium, but only the actual residential real property including limited common elements allocated to the exclusive use thereof that form an integral part of the condominium unit. Note: These disclosures are intended to reflect the current condition of the premises and do not include previous problems, if any, that the seller reasonably believes have been corrected. FORM 108 (05/2019) COPYRIGHT ILLINOIS REALTORS# Page 1 of 4 D(Ulgi6ign verMea - aa5-i -i ec,5-aD-1 a-4Oza-DDZZ-eTCD4Te'i ca4t5 If any of the above are marked "not applicable" or "yes", please explain here or use additional pages, if necessary: Check here if additional pages used: Seller certifies that seller has prepared this statement and certifies that the information provided is based on the actual notice or actual knowledge of the seller without any specific investigation or inquiry on the part of the seller. The seller hereby authorizes any person representing any principal in this transaction to provide a copy of this report, and to disclose any information in the report, to any person in connection with any actual or anticipated sale of the property. Seller: _ juis 1Jo1_a1 2/2/2023 " 2/1/2023 Seller: _Z�.+�- Q _—.Date: THE PROSPECTIVE BUYER IS AWARE THAT THE PARTIES MAY CHOOSE TO NEGOTIATE AN AGREEMENT FOR THE SALE OF THE PROPERTY SUBJECT TO ANY OR ALL MATERIAL DEFECTS DISCLOSED IN THIS REPORT ("AS IS"). THIS DISCLOSURE IS NOT A SUBSTITUTE FOR ANY INSPECTIONS OR WARRANTIES THAT THE PROSPECTIVE BUYER OR SELLER MAY WISH TO OBTAIN OR NEGOTIATE. THE FACT THAT THE SELLER IS NOT AWARE OF A PARTICULAR CONDITION OR PROBLEM 1S NO GUARANTEE THAT IT DOES NOT EXIST. THE PROSPECTIVE BUYER IS AWARE THAT HE MAY REQUEST AN INSPECTION OF THE PREMISES PERFORMED BY A QUALIFIED PROFESSIONAL. Prospective Buyer: Prospective Buyer: Date: 02/10/2o23 Time: Date: Time: A COPY OF ARTICLE 2 OF THE RESIDENTIAL REAL PROPERTY DISCLOSURE ACT IS AFFIXED HERETO AND SHOULD BE REVIEWED BY PROSPECTIVE BUYER. FORM 108 (05/2019) COPYRIGHT ILLINOIS REALTORS'" Page 2 of 4 D(Ulglzz5lgn venTlea-anS-l-lec.5-aD,ia-4oza-DDzz-eTCD4Te-Ica4o RESIDENTIAL REAL PROPERTY DISCLOSURE ACT ARTICLE 2: DISCLOSURES 765 ILCS 77/5 et seq. Section 5. Definitions: As used in this Act, unless the context otherwise requires the following terms have the meaning given in this section: "Residential real property" means real property improved with not less than one nor more than four residential dwelling units: units in residential cooperatives; or, condominium units including the limited common elements allocated to the exclusive use thereof that form an integral part of the condominium unit. The term includes a manufactured home as defined in subdivision (53) of Section 9-102 of the Uniform Commercial Code that is real property as defined in the Conveyance and Encumbrance of Manufactured Homes as Real Property and Severance Act. "Seller" means every person or entity who is an owner, beneficiary of a trust, contract purchaser or lessee of a ground lease, who has an interest (legal or equitable) in residential real property. However, "seller" shall not include any person who has both (i) never occupied the residential real property and (ii) never had the management responsibility for the residential real property nor delegated such responsibility for the residential real property to another person or entity. "Prospective buyer" means any person or entity negotiating or offering to become an owner or lessee of residential real property by means of a transfer for value to which this Act applies. Section 10. Applicability. Except as provided in Section 15, this Act applies to any transfer by sale, exchange, installment land sale -contract, assignment of beneficial interest, lease with an option to purchase, ground lease or assignment of ground lease of residential real property. Section 15. Applicability; Exceptions. The provisions of this Act do not apply to the following: (1) Transfers pursuant to court order, including, but not limited to, transfers ordered by a probate court in administration of an estate, transfers between spouses resulting from a judgment of dissolution of marriage or legal separation, transfers pursuant to an order of possession, transfers by a trustee in bankruptcy, transfers by eminent domain and transfers resulting from a decree for specific performance. (2) Transfers from a mortgagor to a mortgagee by deed in lieu of foreclosure or consent judgment, transfer by judicial deed issued pursuant to a foreclosure sale to the successful bidder or the assignee of a certificate of sale, transfer by a collateral assignment of a beneficial interest of a land trust, or a transfer by a mortgagee or a successor in interest to the mortgagee's secured position or a beneficiary under a deed in trust who has acquired the real property by deed in lieu of foreclosure, consent judgment or judicial deed issued pursuant to a foreclosure sale. (3) Transfers by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust. (4) Transfers from one co-owner to one or more other co -owners. (5) Transfers pursuant to testate or intestate succession. (6) Transfers made to a spouse, or to a person or persons in the lineal line of consanguinity of one or more of the sellers. (7) Transfers from an entity that has taken title to residential real property from a seller for the purpose of assisting in the relocation of the seller, so long as the entity makes available to all prospective buyers a copy of the disclosure form furnished to the entity by the seller. (8) Transfers to or from any governmental entity. (9) Transfers of newly constructed residential real property that has not been occupied. Section 20. Disclosure Report; Completion; Time of Delivery. A seller of residential real property shall complete all applicable items in the disclosure document described in Section 35 of this Act. The seller shall deliver to the prospective buyer the written disclosure statement required by this Act before the signing of a written agreement by the seller and prospective buyer that would, subject to the satisfaction of any negotiated contingencies, require the prospective buyer to accept a transfer of the residential real property. Section 25. Liability of seller. (a) The seller is not liable for any error, inaccuracy, or omission of any information delivered pursuant to this Act if (i) the seller had no knowledge of the error, inaccuracy, or omission, (ii) the error, inaccuracy, or omission was based on a reasonable belief that a material defect or other matter not disclosed had been corrected, or (iii) the error, inaccuracy, or omission was based on information provided by a public agency or by a licensed engineer, land surveyor, structural pest control operator, or by a contractor about matters within the scope of the contractor's occupation and the seller had no knowledge of the error, inaccuracy, or omission. (b) The seller shall disclose material defects of which the seller has actual knowledge. (c) The seller is not obligated by this Act to make any specific investigation or inquiry in an effort to complete the disclosure statement. Section 30. Disclosure supplement. If, prior to closing, any seller has actual knowledge of an error, inaccuracy, or omission in any prior disclosure document after delivery of that disclosure document to a prospective buyer, that seller shall supplement the prior disclosure document with a written supplemental disclosure. Section 35. Disclosure report form .... [omitted] Section 40. Material defect. If a material defect is disclosed in the Residential Real Property Disclosure Report, after acceptance by the prospective buyer of an offer or counter-offer made by a seller or after the execution of an offer made by a prospective buyer that is accepted by the seller for the conveyance of the residential real property, then the Prospective Buyer may, within three business days after receipt of that Report by the prospective buyer, terminate the contract or other agreement without any liability or recourse except for the return to prospective buyer of all earnest money deposits or down payments paid by prospective buyer in the transaction. If a material defect is disclosed in a supplement to this disclosure document, the prospective buyer shall not have a right to terminate unless the material defect results from an error, inaccuracy, or omission of which the seller had actual knowledge at the time the prior disclosure document was completed and signed by the seller. The right to terminate the contract, however, shall no longer exist after the conveyance of the residential real property. For purposes of this Act the termination shall be deemed to be made when written notice of termination is personally delivered to at least one of the sellers identified in the contract or other agreement or when deposited, certified or registered mail, with the United States Postal Service, addressed to one of the sellers at the address indicated in the contract or agreement, or, if there is not an address contained therein, then at the address indicated for the residential real property on the Report. Section 45. Effect of Act on Other Statutes or Common Law. This Act is not intended to limit or modify any obligation to disclose created by any other statute or that may exist in common law in order to avoid fraud, misrepresentation, or deceit in the transaction. Section 50. Disclosure Report; Method of Delivery. Delivery of the Residential Real Property Disclosure Report provided by this Act shall be by: (1) personal or facsimile delivery to the prospective buyer; (2) depositing the report with the United States Postal Service, postage prepaid, first class mail, addressed to the prospective buyer at the address provided by the prospective buyer or indicated on the contract or other agreement; or (3) depositing the report with an alternative delivery service such as Federal Express, UPS, or Airborne, delivery charges prepaid, addressed to the prospective buyer at the address provided by the prospective buyer or indicated on the contract or other agreement. FORM 108 (05/2019) COPYRIGHT ILLINOIS REALTORSA Page 3 of 4 Dculgtsign vennea - ab5•i �iecs-ama-4oza-DD«-ercD4re'ica4u, For purposes of this Act, delivery to one prospective buyer is deemed delivery to all prospective buyers. Delivery to an authorized individual acting on behalf of a prospective buyer constitutes delivery to all prospective buyers. Delivery of the Report is effective upon receipt by the prospective buyer. Receipt may be acknowledged on the Report, in an agreement for the conveyance of the residential real property, or shown in any other verifiable manner. Section 55. Violations and damages. If the seller fails or refuses to provide the disclosure document prior to the conveyance of the residential real property, the buyer shall have the right to terminate the contract. A person who knowingly violates or fails to perform any duty prescribed by any provision of this Act or who discloses any information on the Residential Real Property Disclosure Report that he knows to be false shall be liable in the amount of actual damages and court costs, and the court may award reasonable attorney fees incurred by the prevailing parry. Section 60. Limitation of Action. No action for violation of this Act may be commenced later than one year from the earlier of the date of possession, date of occupancy or date of recording of an instrument of conveyance of the residential real property. Section 65. Disclosure Report Form; Contents; Copy of Act. A copy of this Act, excluding Section 35, must be printed on or as a part of the Residential Real Property Disclosure Report form. 2/10/2023 Date provided to Buyer: Luis Dorantes Elvira Dorantes Seller: FORM 108 (05/2019) COPYRIGHT ILUNOIS REALTORS" Page 4 of 4 DcUIgi jign verMea - abo,i,ieC,9-aD1a-45La-DDLL-eTCD4Te'1Ca4ii M. kz I ILLINOIS REALTORS@ DISCLOSURE OF INFORMATION ILLINOIS O MATION ON RADON HAZARDS 113 REALTOR® o':o."W„I;: REALTORS (For Residential Real Property Sales or Purchases) -0-m-- Radon Warning Statement Every buyer of any interest in residential real property is notified that the property may present exposure to dangerous levels of indoor radon gas that may place the occupants at risk of developing radon -induced lung cancer. Radon, a Class -A human carcinogen, is the leading cause of lung cancer in non-smokers and the second leading cause overall. The seller of any interest in residential real property is required to provide the buyer with any information on radon test results of the dwelling showing elevated levels of radon in the sellers possession. The Illinois Emergency Management Agency (IEMA) strongly recommends ALL homebuyers have an indoor radon test performed prior to purchase or taking occupancy, and mitigated if elevated levels are found. Elevated radon concentrations can easily be reduced by a qualified, licensed radon mitigator. Seller's Disclosure (initial each of the following which applies) (a) Elevated radon concentrations (above EPA or IEMA recommended Radon Action Level) are known to be present within the dwelling. (Explain). (b) Seller has provided the purchaser with the most current records and reports pertaining to elevated radon concentrations within the dwelling. �6:?C) Seller either has no knowledge of elevated radon concentrations in the dwelling or prior elevated radon concentrations have been mitigated or remediated. I �d) Seller has no records or reports pertaining to elevated radon concentrations within the dwelling. Purchaser's Acknowledgment (initial each of the following which applies) .Vapl ...... .- (e) Purchaser has received copies of all information listed above. XSSVAfWV (f) Purchaser has received the IEMA approved Radon Disclosure Pamphlet. Agent's Acknowledgement (initial IF APPLICABLE) FD (g) Agent has informed the seller of the seller's obligations under Illinois law. Certification of Accuracy The following parties have reviewed the information above and each party certifies, to the best of his or her knowledge, that the information he or she has provided is true and accurate. Seller S nra,elrs Date 2/2/2023 2/1/2023 Seller ��,� Date Purchaser Date 02/10/2023 Purchaser Date 2/1/2023 Agent -_ Date Agent Date 02 l0 2023 Property Address: 839 Todd Court City, state, Zip Code: Deerfield, Illinois 60015 FORM 422 (0512019) COPYRIGHT ILLINOIS REALTORS- ill