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2.OFFER AND ACCEPTANCE <br />A copy of this Agreement, signed by Seller, constitutes Seller’s offer to sell the Property, and once <br />signed by Buyer, constitutes Buyer’s acceptance to purchase the Property on the terms stated in <br />this Agreement. A copy signed by Buyer shall be delivered to Seller, in care of the following <br />representative (“Seller’s Representatives”): <br />Mansour Eid, Superintendent <br />South Bend Community School Corporation, <br />737 Beale St. <br />South Bend, IN 46616 <br />Dr. Jeanette McCullough, President <br />Board of Trustees <br />South Bend Community School Corporation <br />737 Beale St. <br />South Bend, IN 46616 <br />Seller shall return a signed copy of this Agreement to the following representative (“Buyer’s <br />Representative”): <br />Caleb Bauer <br />Executive Director of Community Investment <br />City of South Bend <br />215 S. Martin Luther King Jr. Blvd., Suite 500 <br />South Bend, Indiana 46601 <br />With a copy to: <br />South Bend Legal Department <br />Attn: Corporation Counsel <br />City of South Bend <br />215 S. Martin Luther King Jr. Blvd., Suite 600 <br />South Bend, Indiana 46601 <br />3.PURCHASE PRICE AND EARNEST MONEY DEPOSIT <br />A.Purchase Price. The purchase price for the Property shall be Sixty Thousand Seven <br />Hundred and Fifty Dollars ($60,750.00) (the “Purchase Price”), payable by Buyer to Seller <br />via wire in US Dollars at the closing described in Section 14 below (the “Closing,” the date <br />of which is the “Closing Date”). <br />B.Earnest Money Deposit. Within fifteen (15) days after the Contract Date, Buyer will deliver <br />to Meridian Title Company the sum of Five Thousand Nine Hundred Dollars ($5,900.00), <br />which Title Company on behalf of Seller will hold as an earnest money deposit (the <br />“Earnest Money Deposit”). Title Company will be responsible for disposing of the Earnest <br />Money Deposit in accordance with the terms of this Agreement. The Earnest Money