Purchase Agreement - Acquisition of Parcels at 300 E. Monroe St. - WSJM INC.

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3 TOGETHER WITH THE ---···--WEST HALF . OF THE VACATED ALLEY LYING EAST AND ADJACENT TO SAID PARCEL OF LAND. Commonly Known As: 512 CARROLL SOUTH BEND IN 46601 Parcel Numbers: 71-08-12-329-006.000-026 71-08-12-329-007.000-026 71-08-12-329-008.000-026 Tax IDs: 018-3027-0971 018-3027-0972 018-3027-0973 Legal Description: THE WEST 132 FEET OF LOT NUMBERED TWENTY (20) AS SHOWN ON THE RECORDED PLAT OF DENNISTON AND FELLOW’S ADDITION TO THE TOWN, NOW CITY OF SOUTH BEND, IN ST. JOSEPH COUNTY, INDIANA. Commonly Known As: 514 CARROLL SOUTH BEND IN 46601 516 CARROLL SOUTH BEND IN 46601 524 CARROLL SOUTH BEND IN 46601 2. The City and the Seller acknowledge and agree that the vacated 10-foot wide alley lying adjacent to Lot 8 in George R. Hudson’s Subdivision is being retained by the Seller and not being sold. 3. The City agrees to pay the Purchase Price to Seller and to pay all closing and title commitment costs at the time of closing, which shall occur no later than sixty (60) days from the date of this Agreement. 4. Seller represents and warrants to the City that Seller owns fee simple title to the Property and is fully empowered to sell the Property to the City under the terms and conditions stated in this Agreement. Additionally, Seller represents and warrants that it has disclosed to the City any notifications from any local, state, or federal authority regarding environmental matters pertaining to the Property. 5. Seller agrees to remove any and all liens which may exist on the Property at or prior to closing, including prorated real estate taxes up to the date of closing. Further, as of the date of this Agreement, Seller shall not take any action or allow any action to be taken by others to cause the Property to become subject to any new interests, liens, restrictions, easements, covenants, reservations, or other matters affecting Seller’s title. 6. As of the date hereof, Seller shall leave the Property in secure and stable condition and shall not store or allow the storage of hazardous materials on or at the Property.