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Near Northwest Neighborhood >�q I N C O R P O R A T E D Intent to Purchase Agreement This agreement is entered into this 22nd day of October 2010, by and between Pamela A. and Gary Salustro (hereinafter referred to as "Seller ") and Near Northwest Neighborhood, Inc., an Indiana not - for - profit corporation, (hereinafter referred to as "Buyer). The parties mutually agree as follows: The seller agrees to sell land the Buyer agrees to buy the real estate located in the City of South Bend, St. Joseph County, Indiana, legally described as follows: Key Number 18- 1054 -2283 Lot 8 771/2 Ft Sely End Ex 12 Ft Sely End Fassnacht Sub Commonly known as 632 Portage Avenue, South Bend, Indiana 2. The Buyer agrees to pay the Seller the sum of $15,000 at the time of closing of this transaction, no later than November 30, 2010. Buyer shall pay to Seller at the time of execution of this agreement an earnest money deposit of $500, receipt of which is acknowledged by Seller. Total amount paid by Buyer to Seller shall not exceed $15,000 for purchase of above named property. 3. The purchase price stated in this agreement includes all improvements permanently installed and affixed on the premises and includes all fixtures to the property. 4. Real estate taxes shall be prorated based on the latest official tax rates and credits. The Seller shall pay for any outstanding taxes and assessments. Seller agrees to pay any current 2010 taxes due at time of closing. Seller shall also be responsible for paying any outstanding or past due taxes, liens, or debts that are associated with the above named property. 5. Seller agrees to execute and deliver to the Buyer a general warranty deed conveying the real estate free and clear of all liens and encumbrances, except as stated in this purchase agreement, and subject to all covenants, restrictions, easements and zoning ordinances of record. Within a reasonable time, prior to the delivery of the deed, the Seller will furnish an Owner's Title Insurance Commitment equal to the purchase price insuring 1007 Merchantable title. Should additional time be required for making or PORTAGE AVE. continuing of such title policy or for correcting defects of title, a reasonable SOUTH BEND time shall be given. INDIANA , 46616 / Seller's Initials Buyer's Initials P.O. Box 1132 SOUTH BEND INDIANA 46624 TEL. 574- 232 -9182 Page 1 of 2 FAx 574- 232 -1171