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TO SELLER: Caleb Bauer <br />Executive Director <br />Department of Community Investment <br />City of South Bend <br />Suite 500 <br />215 S. Dr. Martin Luther King Blvd 46601 <br />South Bend, Indiana 46601 <br />WITH COPY TO: South Bend Legal Department <br />Attn: Corporation Counsel <br />City of South Bend <br />Suite 600 <br />215 S. Dr. Martin Luther King Blvd 46601 <br />South Bend, Indiana 46601 <br />This offer shall expire thirty (30) days after delivery unless accepted by Seller. To accept Buyer’s <br />offer, Seller shall return a copy of this Agreement, counter-signed by Seller in accordance with <br />applicable laws, to the following (“Buyer’s Representative”): <br />TO BUYER: Widerquist Development, LLC <br />Attn: Tim Widerquist <br />1929 Dorwood Dr <br />South Bend, IN 46617 <br />Email: widerquist@gmail.com <br />WITH COPY TO: ______________ <br />________________ <br />________________ <br />________________ <br />3.PURCHASE PRICE AND EARNEST MONEY DEPOSIT <br />A.Purchase Price. The purchase price for the Property shall be Two Thousand <br />Dollars ($2,000.00) (the “Purchase Price”), payable by Buyer to Seller in cash at the closing <br />described in Section 10 below (the “Closing,” the date of which is the “Closing Date”). <br />B.Earnest Money Deposit. Within ten (10) business days after the Contract <br />Date, Buyer will deliver to Seller the sum of One Hundred Dollars ($100.00), which Seller <br />will hold as an earnest money deposit (the “Earnest Money Deposit”). Seller will be <br />responsible for disposing of the Earnest Money Deposit in accordance with the terms of this <br />Agreement. The Earnest Money Deposit shall be credited against the Purchase Price at the <br />Closing or, if no Closing occurs, refunded or forfeited as provided below. <br />C.Termination During Due Diligence Period. If Buyer exercises its right to <br />terminate this Agreement by written notice to Seller in accordance with Section 4 below, <br />the Earnest Money Deposit shall be refunded to Buyer. If Buyer fails to exercise its right