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<br />Selling Broker (Co.)
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<br />n opine PURCHASE AGREEMENT
<br />WA10W WC (IMPROVED PROPERTY)
<br />1 Date:l ay 17. 2013
<br />2
<br />3 A. BUYER: 8 n ( "Buyer")
<br />4 agrees to uy a owing property m the owner e r e consideration and subject to the following
<br />5 terms, provisions, and conditions:
<br />6
<br />7 B. PROPERTY: The property ( "Property") is known as 620 Columbia street
<br />8 in PORTAGE Township, Saint Joseph unty, South Bs_++d
<br />9 Indiana, a66oi (zip code) legally described as: LOT 8 .z anrnra 7 r++r 8 nag .T.s MM CO
<br />10 DZNNISTM
<br />11 together with any existing permanent improvements and res atta (unless or excluded), including,
<br />12 but not limited to, electrical and/or gas fixtures, home heating fuel, heating and central air-conditioning equipment
<br />13 and all attachments thereto, built-in kitchen equipment, sump pumps, water softener, water purifier, gas grills,
<br />14 fireplace inserts, gas logs and grates, central vacuum equipment, window shadestblinds, curtain rods, drapery poles
<br />15 and fixtures, ceiling fans and light fixtures, towel racks and bars, storm doors, windows, awnings, TV antennas,
<br />16 satellite dishes and controls, storage bams, all landscaping, mailbox, garage door opener with controls AND THE
<br />17 FOLLOWING: ref riaerator / 2 stows in apartments
<br />18
<br />19
<br />20
<br />21
<br />22 EXCLUDES THE FO I
<br />23
<br />24 The terms of this Agreement will determine what Items are includedlexcluded. All Items sold shall be fully
<br />25 paid for by Seller at time of closing the transaction. Buyer should verify total square footage, land, room
<br />26 dimensions or community amenities If material.
<br />27
<br />28 C. PRICE: Buyer will pay the total purchase price of ($ 7.200.00 )
<br />29 Eundred Dollars for the roperty. i uyer obis ns an
<br />30 appraisal of the Property, this Agreement is contingent upon the Property appraising at no less than the agreed
<br />31 upon purchase price-
<br />32
<br />33 D. EARNEST MONEY: Buyer submits $ 1.000.00 as earnest money which shall be applied to the
<br />34 purchase price. The listing broker shall deposit earnest money received into its escrow account within two (2)
<br />35 banking days of acceptance of this Agreement and hold it until time of closing the transaction or termination of this
<br />36 Agreement If Buyer fails for any reason to submit earnest money, Seller may terminate this Agreement
<br />37 Earnest money shall be retumed promptly in the event this offer is not accepted. If this offer is accepted and Buyer
<br />38 fails or refuses to dose the transact ion, without legal ruse, the earnest money shall be retained by Seller for
<br />39 damages the Seller has or will incur, and Seller retains all rights to seek other legal and equitable remedies. The
<br />40 Broker holding any eamest money is absolved from any responsibility to make payment to the Seller or Buyer
<br />41 unless the parties enter into a Mutual Release or a Court issues an Order for payment, except as permitted in 876
<br />42 IAC 1 -1 -23 (release of earnest money). Upon notification that Buyer or Seller intends not to perform. Broker holding
<br />43 the eamest money may release the earnest money as provided in this Agreement If no provision is made in this
<br />44 Agreement, Broker may send to Buyer and Seller notice of the disbursement by certified mail. If neither Buyer
<br />45 nor Seller enters into a mutual release or initiates litigation within sixty (60) days of the mailing date of the certified
<br />46 letter, Broker may release the earnest money to the party identified in the certified letter. Buyer and Seller agree to
<br />47 hold the Broker harmless from any liability, including attorney's fees and costs, for good faith disbursement of
<br />48 samest money in accordance with this Agreement and licensing regulations.
<br />49
<br />50 E. METHOD OF PAYMENT: (Check appropriate paragraph number)
<br />51 1. ® CASH: The entire purchase price shall be paid in cash and no financing is required.
<br />52 2. ❑ NEW MORTGAGE: Completion of this transaction shall be contingent upon the Buyer's ability to obtain a
<br />53
<br />54 ❑ Conventional ❑ Insured Conventional ❑ FHA ❑ VA ❑ Other. first
<br />55 mortgage loan for % of purchase price, payable in not less than years, with an
<br />56 original rate of interest not to exceed % per annum and not to exceed points. Buyer
<br />57 shall pay all costs of obtaining financing, except
<br />58
<br />59
<br />620 Columbia Street. South Hand. 46601
<br />Page 1 of 7 (Purchase Agreement)
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