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LISTING CONTRACT
<br />(EXCLUSIVE RIGHT TO SELL)
<br />1 Date: August 24. 2011
<br />K
<br />3 In consideration of services to be performed by Hallmark Real Estate
<br />4 (Broker /Company, hereinafter referred to as "Broker") for HOUSING DEVELOPMENT CORPORATION BOARD
<br />5 ("Seller")
<br />6 Seller appoints Broker as Seller's broker with irrevocable and exclusive right to sell, exchange, option, or lease the real property
<br />7 known as 609 COLLIMIA in Portace Township,
<br />8 SAINT JOSEPH County, SOUTH BEND , Indiana 46618
<br />9 (zip code) legally described as: SOUTH 57.75 FT OF EAST 45.25 FT LOT #23 DENNISTON & FELLOWS
<br />10
<br />11 (the "Property").
<br />12
<br />13 This contract begins on 9 7 - i) and expires at 11:59 P.M. March 18, 2012
<br />14 subject to the following terms and conditions:
<br />15
<br />16 List Price: $ 25 000.00 Possession: DAY OF CLOSING / PER TENANT
<br />17 Seller represents that Seller U is Ux Is not delinquent on any loans whic-fi—c-o—W constitute a lion on Hie Pro-p—RF-a—ng
<br />18 the total loans affecting the Property do not exceed the list price and costs of sale. Seller is not a party to any
<br />19 bankruptcy proceeding. Also, Seller has the capacity to convey the Property by a general Warranty Deed or by
<br />20 . Did the Seller acquire ownership of the property at a tax sale, Sheriff's sale, any
<br />21 judicial sae, or mortgage sure ing? O Yes OX No
<br />22
<br />23 Terms of Sale: The Property may be sold for cash or any of the following methods indicated below:
<br />24 X Conventional Mortgage Conditional Sales Contract
<br />25 X Insured Conventional Mortgage FHA
<br />26 Assumption of Existing Mortgage Balance VA
<br />27 X Other CASH
<br />28 Seller agrees to pay costs associated with financing not to exceed 0
<br />29 Property Offered for Sale: The above list price includes the Property and all improvements and fixtures permanently instal ed and
<br />30 affixed thereto, except N/A
<br />31 Items of Personal Property included in the sale: N/A
<br />32
<br />33
<br />34
<br />35
<br />36 (A) EXCLUSIVE LISTING. The parties understand and agree that this is an exclusive right to sell, option, exchange or lease
<br />37 listing, and Broker shall be entitled to the commission hereinafter established which shall be payable upon the occurrence of
<br />38 any of the following events:
<br />39
<br />40 (1) at the time the Property is sold, optioned, exchanged or leased by any person, including the Seller, to any person
<br />41 during the term of this contract or any renewal or extension thereof,
<br />42 (2) at the time Seller, Broker, or any other real estate licensee secures a buyer or lessee ready, willing and able to
<br />43 purchase, option, exchange or lease the Property for such price and terms as specified, or such other price or terms
<br />44 as Seller may accept,
<br />45 (3) at the time an agreement is entered into to sell, exchange, option or lease during the term of this contract or any
<br />46 renewal or extension thereof, and ultimately completed after the termination of this contract,
<br />47 (4) the Property is sold, optioned, leased, or exchanged by Seller or any other person within 180 days
<br />48 after termination of this Listing Contract to any person procured in whole or in part by the efforts of Broker, any
<br />49 cooperating broker, or Seller, provided, however, this extension clause shall not apply if this Exclusive Listing
<br />50 Contract terminates and the Property is listed exclusively with another licensed broker, or
<br />51 (5) at the time of default by Seller to any valid, fully executed, written agreement to sell, option, exchange, or lease the
<br />52 Property.
<br />53
<br />54 Any commission required to be paid under items (1), (3) and (4) above shall be due and payable at the dosing of the transaction
<br />55 when title to or any interest in the Property is transferred to a buyer or lessee. Any commission required to be paid under items
<br />56 (2) and (5) above shall be due and payable upon demand by Broker. In the event that commission is not paid when due, then
<br />57 Broker shall be entitled to interest at the rate of Al 14 % per annum until commission is paid.
<br />58
<br />59 If the Seller and a Buyer sign a Purchase Agreement, Option to Purchase Real Estate, Lease or the dosing of the sale of the
<br />60 Property will not take place until after the term of this contract, then this contract shall automatically be extended to coincide with
<br />61 the dosing date or term of the lease.
<br />609 COLMMIA, SOUTH BEND, 46618
<br />(Property Address)
<br />Page 1 of 4 (Listing Contract)
<br />Wnuwt Reid Estate, Inc. 115 N. Willient St. South Bend, M 46601 Phone: (574 )232 -3600 Fax: (574)239 -3555 H.D.C. 2011
<br />Bruce Gordon Produced with ZipFoml® by zipLogix 18070 Film Mils Road, Fraser, Midiipen 48026 MWW, gorn
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