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HomeMy WebLinkAboutSilverman, Morris Purchase AgmtOJIl,~ BroKer ~0.) ( dice code PURCHASE AGREEMENT (IMPROVED PROPERTY) 1 Date: OctebB= 6, 2000 2 3 1. BUYER: C~.ty st' CazaeZ ("Buyer') agrees 4 to buy the fcllowing preperty from the owner ('Seller') for the consideration end subject to the following terms, provisions, end 5 conditions: PROPERTY: The property ('Proper~y') is known as 1507 E. 116th Street ~n I/=~ 1ton County, Carme1 Indiana, end legallydesc~bed as: Parcel # 1713010000009000 together with any existing manent improvements and fixtures aUached (unless leased), such es, but not limited to, electrical end/or gas fixtures, heating and central air-senditioning equipment and a/I attachments thereto, built-in kitchen equipment, sump pump, water softener, gas gdlls, central vacuum equipment, window shades/blinds, curtain rods, drapery poles and fixtures, ceiling tans and light thdures, towel racks and bars, storm doors, windows, awnings, TV antennas, satellite dishes and conb*ois, storage barns, all landscaping, mailbox, garage door opener with contrd(s) AND THE FOLLOWING:1,1'/x 6 7 2. 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 All items sold shall be fully paid for by Seller at time of closing the transaction. 23 24 3. PRICE: Buyer will pay the total purchase price of $ 650, OOO for the Property. 25 26 4. EARNEST MONEY: Buyer submits $ -O- as earnest money which shall be applied to the purchase 27 pdce. The listing broker shall deposit the earnest money into its escrow account within two (2) banking days of acceptance of 28 this Agreement and hold it until time of closing the transaction or termination of this Agreement. If Buyer fails for any reason to 29 submit earnest money, Seller may terminate this Agreement. Eamest money shall he returned promptly in the event this offer 30 is not accepted. If this offer is accepted end Buyer fails or re'uses to close the bansaction, without legal cause, the earnest 31 money shall be forfeited by Buyer to Seller as liquidated damages, and Seller may pursue any other legal and equitable 32 remedies. The Broker holding any earnest money is absolved from any responsibility to make payment to the Seller or Buyer 33 unless the parties enter into a Mutual Release or a Court issues an Order for payment, If the padjes do not mutually consent 34 to the release of the earnest money, then they agree that the Brc,ker holding the earnest money may file an interpleader aclion 35 with a Court regarding disposition of the earnest money and that the payment of the Broker's resulting costs (including 36 attomey's fees) incurred in connection with such interpleader are a priority claim against the earnest money regardless of the 37 Courfs appordonrnent of the balance of the earnest money. 39 5. METHOD OF PAYMENT: (Check appropriate paragraph letter) 40 41 rmA. CASH: The entire urcha~epriceshallbapaidincashandnormendngisrequired. [] NL"W MORTCAg:: Complction of this trsn-joc~on shall bc contingent upe~ the Buyor's~ 42 .. 43 44 [] Conyen Insured Conventional [] FHA E] VA [] Other: first 45 % of purchase pdce, payable in not less than~---"~m, with an original rate of 46 interest not to exceed ~and not to exceed / points. Buyer shall pay all costs of 47 obtaining financing, except / 48 49 Notwithstanding any other provisions of this A ' 'ons and charges which are required to be made 50 and charged to Buyer or Seller by ' rer, or closing agent, shall be made and 51 charged in accordance wi e any provisions of this 52 Agreement. 53 ~ g. ASSUMPTI · 54 . 55 57 6. TIME FOR OBTAINII'IG FINANCING; guyer agrees to make written appllsation for any financing neseassrJ te complete this 58 traesontion or for approval to essumc the unpeid balenou of thc c~ting inertgage within days eftor the ecesplenc~ 1507 E. 116th Street (Property Address and/or Initials) Page I of 5 (Purchase Agreement) 59' 60 61 62 63 647. 65 66 67 68 69 8. 70 71 72 73 74 75 76 77 78 79 80 81 82 83 85 9. 86 87 89 91 10. 92 93 94 11. 95 97 98 99 100 101 102 103 104 105 105 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 of thb Agronmont and to make a dljlgant offoft to moot the landor'o reguiromonto end to obtain finonoing in oooporatien v, ith the Broker and Sailor. Ha more then dayc after acceptance of the Agreement shall be al~wd for obeCning favorable y..;I.t~ r, omrrJt,,,r~t(s) or mo~tgngo aeanmption approval. If a oommitmant or approval is not obtained within the time sped~0d above, thle Agreoreont shnl~ tonnin3to unlccs an extoncion of time for thio purlx~o le mutually ogread to in %,,firing. CLOSING: The dosing of the sale (the 'Closing Date') shall be on or before Deemr 15, 2000 ~, l' wibin days after See kidendue #1 , whishovor is later or this Agreement shall terminate unlace an extortdan of tim is mutually agreed to in v. riting. If the method of ayment for this Irmsaction is cash, assumption or conditional sales contract, the dosing fee shall be paid by [] BUYER [] SELLER ~ shared equally. POSSESSION: A. The possession of the Property shall be dativered to Bu [] at closing [] within 0 days after closing or [] on or before - . For each ~a~ Seller is entitled to possession after dosing, Sdler shall pay to Buyer at dosing $ per day. If Seller does not deliver possession by the date required in the first sentence of this parag , Seller shall pay Bu $ -- per day as liquidated damages until possession is delivered ~r~uy~, and Buyer shali~e all other legal and equitable remedies available against the Seller. B. Maintenance of property: Seller shall maintain the Properly in its present condition until its possession is detivered to Buys', subjed to rapairs in response to my inspection. Buyer may inspeal the Proparty pdor to dosing to determine whether Seller has complied with this paragraph. C. Casualty Loss: Risk of loss by damage or des~on to the Ropetry pdor to the closing shall be borne by ,Seller. In the event damage or destmdion is not blly repaired pdor to dosing, Buyer, at Buyers o1~, may either {a) terminate ~iYs Agreement or (b) elect to close ~e transactton, in which event Sellers right to all insurance proceeds resulljng fTOm SUch damage or destination shall be assigned in writing by Setter to Buyer. D. Utllltles~unlclpal Services: Seller shall pay for all munidpal senAces and public utility charges through the day of possession. SURVEY: Bu er shall receive a (check ONE) [] SURVEYOR LOCATION REPORT, which is a survey where corner markers are not set; [] BOUNDA~'~ SURVEY, which is a surve where comer markers of the ProperLy are set prior to dosing; [] WAIVED, no survey required at (Check ONE) [] BUYER'S expense; ~ SELLER'S expense. The survey shall (1) be received pdor to closing and cedi~ed as of a current date, (2) be reasonably safisfactory to Buyer, (3) show the localion of all improvements end easements, and (4) show the flood zone designation of the Property. FLOOD AREA/OTHER: Buyer [] ma [] may not tcrminatu this Agrccmont if thc rYopcdy requires flood ineuranc¢ or Duysr [] may [] may not terminate thic Agreement itftho Property ic subjoot to building or uco limitotionc by roecon of the localjan. INSPECTIONS: (Check paragraph letter A or B) [] A. BUYER RESERVES THE RICilT TO HAVE THE PROPERTY INSPECTED (including Lesd-Bescd Paint) indcpcndent of an ' dition to any inspections required by FHA, VA, or Buyer's Sander(s). All inspections are to be at Buyer's expense ass n otherwise or required by lender) by qualified inspeckxs or contractors selected by Buyer within the following tim nods. INSPECTION/R ONSE PERIOD: Buyer shall order all INDEPENDENT INSPECTIONS immediately after acosp of the Purchase Agreement. Buyer sh ve calendar days beginning the day following the date of acce e of the Purchase Agreement to respond inspaddon repeal(s) in writing to Sdler (see "Buyers Response" sept: (check appropriate aragraph(s ) ~ Buyer shall have calen days to receive and respond in wdting to the writtan -based paint inspection and/or risk assessment repeal. ' [] Buyer shall have __ cpl. endar days to ' and respond in writing to the on Radon Report. Inspedians may include but are not limited to the condition o e followi eros and components: heating, cooling, aledrical, plumbing, roof, .wp. IIs, ceilings, floors, f.oendati~, b. esemant, cra.~. sp.ace, I/ ', .water, wood-eating insects and organisms., lead-based p, alnt / / / / / If the B does not comply with Inspaction/Response Peiiod or make a written objection to any problem revealed in the rape 'thin the 150'7 g. 116'c.h. S'breed. (Property Address and/or Initials) Page 2 of 5 (Purchase Agreement) PPodbced wlffi ZJpFoemre by RE Form~%let, LLC 18025 FRees Mile Road, Cilia1 Township, Micte~gan 48035. (800) 383*9805 02185501.UFD 125' 126 127 128 129 130 131 132 133 134 135 136 137 138 12. 139 140 141 142 143 144 13. 145 146 147 146 149 150 151 152 153 154 14. 155 156 157 158 159 150 161 162 163 164 165 166 167 168 169 170 15. 171 172 173 174 175 176 177 178 16, 179 180 181 17. 182 183 164 185 186 187 188 18. 189 150 g' s reosoeab4o 6otl6faction bofero dosing (er at a tlmo othorwiue agreod to by tho purtioo), than this Agroomont ma terrnina Buyer or such defed shall be waived b the Buyer and the Iransaotkm shell proceed toward YER T RE BE A BASIS FOR TERMINATION OF THIS T. [] B. BUYER HAS BEEN MADE AWARE THAT INDEP S DISCLOSING THE CONDITION OF THE PROPERTY ARE AVAILABLE AND HAS BEEN AFFO INSPECTIONS AS A CONDITION OF THE AGREEMENT. However, Bu based upon Buyers own examination and from any and SELLER'S RESIDENTIAL REAL ESTATE SALES DISCLOSURE: (check one) [] Buyer ecknowledges receipt and execution of a Sollet% Rocidontial Ronl Eolnto Snloc Diooloeum Form. [] Bu er has not received an executed Soller'e Roddenti',l Roal Edato Disdosuro Form. [] Serl:r% Residenti21 Real Estate Sales Diciosure Form is not applicable to this trensaction. TITLE APPROVAL: Pdor to dosing, Buyer shall be furnished [] a commitment for title insurance in the amount of purchase price or[] an abstract of title continued to date showing marketable ~e to ~ Property in ,Sellers name. The cost shall be paid by [] Buyer [] Seller [] shared equally [] Seller to pay owners policy and Buyer to pay mortgage policy. Any encumbrances or defects in title must be removed and Sel~ must convey f~tie flee and dear of any encumbrances and title defects, with the exception of any mortgage assumed by Buyer and any resb'ictions and easements of record which will not matedally interfere v~h Buyers intended use of the Property. Seller shall order the commitment [] immeqlatoly [] after mortgage approval [] other Seller agrees to pay the cost of Obtaining all other documents necessary to pealed title (induding the COst of the deed and vendor~ affidavit), so that marketable title can be conveyed. TAXES: (Check paragraph A or B) [] A. Buyer will assume and pay all taxes on the Propsty beginning with the taxes due and payable OnMay, 2 001 May, , and all taxes due thereafter. At or before closing, Seller shall pay all taxes for the Property payable before that date. [] E. AJl taXg£ '*"""~-".-%".d.~,-'V_c',?.m.~,~,o' -"':' '~"d':'r .",?'* '?-d ro~, .~?,,.,:,? . ,,,,~.-, d .'*~',? b.';' ..",.";db _<',e" _"' ?"d .~z ~,.,;,.y.~.~.?,.,~.~,~.,,,.,,,.,,,,a ,ender y.r sham, . to the Closing Date. If the tax ta and/or assessment for taxes .,.~i~!i~' .- .'. ,, ,.n veer have not been determined at the dosing of the transac~On, the rate, ;,ndln,. -,.,'.,'-'.:., -~ hl ." .~ '~,~,,.':-'. }..::,~'J-~r, ,~-~-'~ l~ ~',,w/.~ ,.i.." :.".,'.',. .'zY~.o nf .~ch proration and .:-:,.,.,..-. ' . If at the lime of closing the tax bill for the Property for the succeeding year has not been issued, taxes payable by either party shall be computed based On the most recent tax rate and/or assessment available to the dosing agent WARNING: The succeadlng year tax bill for recently conatructed homes or followin9 reaseseament parlads may greatly exceed ~e last tax bill available to ~e closing agent. PRORATIONS AND SPECIAL ASSESSMENTS: InsuranCe, if assigned to Buyer, interest on any debt assumed or taken sub'ant to, any rents, all other income and ordinary opamtlng expanses of the Property, including but not limited to, public utility charges, shall ~ prorated as of the day pdor to the Closing Dale. Seller shall pay any spedal assessments applicable to the Property for municipal improvements previously made to benefit the Propsty..Seller wenants that Seller has no knowledge of an.), planned improvements which may result in assessments and that no governmental or ixivate agency has served notiCe requiring repars, alteratiOns or carTedOns of any existing conditions. Public or municipal irnprovemants which are not COmpleted as of the date above but which will result in a lien or charge shall be paid by Buyer. Buyer will assume and pay all special assessmants for municipal improvements COmpleted after the date of this Agreement. TIME: Tim is of the eseanCO. Time periods spedfled in this Agreement and any subsequant Addanda to the Purchase Agreement ere calOndar days and shall expire at midnight of the date stated unless the parties agree in wdting to a differant data and/or lime. the documents within days after resalpt, the docum~ts shal~ u,, ,--:-:~-...~ ,..urnhie. In the event the Buyer does not accept the provisions in the ~s and such pmvislnn.: ,~,..-" :' '. = ,,,t.i~-... F: '~ =: [~ ' .~'a,;:l"~-a,,"~,,;,~..~h~J by the Buyer an e earnest ATTORNEY'S FEES: Any party to this Agreement who is the prevailing party in any legal or equitable proceeding against any other party brought under or with rdation to the Agreement or transaction shall be additionally entitled to recover court costs and reasonable attomey's fees from the nOn-prevailing party. 1507 E. 116,',',',',',',',',',~ Street (Property Address and/or Initials) Page 3 of 5 (Purchase Agreement) 191 ' 19. MISCELLANEOUS: 192 193 194 195 196 197 198 199 200 201 202 203 294 205 207 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 A. Unless o~endse provided, any prora~s for rent, taxes, insurance, damage deposits, association dues/assessments, or any other items shall be computed hough the date of dosthg. B. Underground mining has occurred in Indtma, and Buyers are advised of the availability of subsidence insurance. C, Conveyance of this Property shell be by general Warranty Deed, ~ subject to taxes, easements, restrictive covenants and encumbrances of record, unless otherwise agreed. D. Sellor represents and warrants that Setlet is not a 'foreign person" (individual enlity) end, therefore, is not subject to the Foreign Inveslment in Real Propsty Tax Ad. E. Any notice required or pormittad to be delivered shell be deerned received when personally delivered, transmitted by facsimile or sent by express courkN' or United States mail, postage prepaid, certified and retum receipt requested, addressed to Sellor or Buyer or the designated agent of either party at the address set fodh bdow the signature of the party. F. This Agreement shall be construed undor and in accordance with the laws of the State of Indiana and is binding upon the paffies' respective heirs, executors, administrators, legal representaljves, successors, and assigns. G. In case any pmvisien contained in this Agreement is hald invalid, ilidgal, or unenforceabie in any respect, the invalidit'/, Illegalit'/, or unenforceability shau not affect any offier provision of this Agreement. H. This Agreement constitutes the sole and only agreement at the parlies and supe'sedes any prior understandings or v, fittsn or oral agreements between the parlies' respadiag the transaction and cannot be changed except by their v, fittan consenL I. All rights, du6es and obligations of the parlies shall sun~ive the passing of title to, or an interest in, the Property. J. Broker(s) may rofor Buyor or Sdlor to othor profocr.,toeals, son/k~ providorc or product vandal, inducing Iondam, loan brokors, tjtlo insurere, ocorow cumponioc, inqxx~tors, post central Gomponice, contradorc and homo w-jronty cemponies. Brokec(s) does not guomntoo tho parformonce of any sentice previdor. Buyor and Sellor nro froo to ~lod pmvidors ofhor than theco roforred or rocommondnd to thom by Broker(s). K. By dgning 1odmv, tho parlias to this t~ 3::knowkxJgo rocdpt of -', ~:~py of this Agrcemont nnd givo thoir poffniceion to o Muitiplo L;'~ing SaUce or other 3d,.~:~r.,ing rnodi3, it nny, to publish information rogarding thic tr"jnc.~on. L. Buyor disdosoc to Sailor that Buyor is licur~.,od and halds Licenso # M. Whore the won:l 'Broker" appears, it shall mean 'Licensee' as provided in I.C.25-34.1-10-6,8. 20, FURTHER CONDITIONS: See J~tc~ctum it 1 247 21. EXPIRATION OFOFFER: Unleas acceptnd by Seller and delivered by Buyer by 12:00 E:]A.M. [] P.M. 13Noon, the 248 day of O<='l:obe= 2000 , this Purchase Agreement Shag be null and void and all parties shall be relieved of any and all 249 liability or obliga6ons. 250 251 22, CONSULT YOUR ADVISORS: Buyer and ,Seller ackno~ge they have been advised that, prior to signing this document, they may seek 252 the advice of an attorney for the legal or tax consequences of this document and the f~ansac6on to which it relates. In any reel estate 253 transaction, it is recommended that you consult with a professional, such as a dvil engineer, environmental engineer, or other person, with 234 expadence in evaluating the condition of the Properly. 1507 ~-. 11Grit s.',',',',',',',',',~tee~,(Property Address and/or Initials) Page 4 of 5 (Purchase Agreement) ACKNOWLEDGEMENTS: Buy; ond 8,1'ar eeknowk thnt Gosh has reeolvod ~gon offioo la~ dl6ekauro~, hoe hed o~onoy 256 n 257 rolat~enBhlpa imq;Iv0d In thle ~noge~y. By signature ~dow, the parUes verify that they understand and approve this Purchase 258 Agreementandackno~edgerecetptciastgnedcopy. 259 26O 261 262 263 264 265 266 267 268 269 PRINTED 270 271 This Agreement may be executed simultaneously or In two or more countspads, each of v/nich shall be deemed an original, but all of whic~ together shall constitute one and the sine InstmmenL 'Pne parties agree that this Agreement may be transmitted betweee them by lle machine, The par~s intend that faxed signatures constitute original signatures and am binding on the parlies. The original R'S SIGNATURE DATE BUYER'S SIGNATURE DATE PRINTED BUYER'S SOCIAL SECURITY &VFEDERAL I.D. # ZIP CODE MAILING ADDRESS (Area Code) TELEPHONE NUMBER 272 BUYER'S SOCIAL SECURITY #/FEDERAL I.D. # 273 274 275 MAILING ADDRESS 276 277 278 (Area Code) TELEPHONE NUMBER 279 280 (Check appropriate paragraph letter) 281 __dayof PRINTED SELLER'S SOCIAL SECURITY #/FEDERAL I.D. # ZIP CODE MAILING ADDRESS (Area Code) TELEPHONE NUMBER 282 Pm~A.M. [] P.M. [] Noon. [] A. As the Seller(s) of the described herein, the above terms and condffions are accepted this 283 at 284 285 OR 286 291 p/,//Zii~,TE~E~D 293 P 265 3//.- -c, 296 SELLER'SSOCIALSECURITY#/FEDERALI.D.# 297 298 299 MAILING ADDRESS 301 302 (Area Code) TELEPHONE NUMBER, ZIP CODE DATE ZIP CODE 150? z. 116tit Stzeet (Property Address and/or Initials) Page 5 of 5 (Purchase Agreement) Approved and Adopted this ,/g day of ~ ,2000. CITY OF CARMEL, 1NDIANA by and through its Board of Public Works and Safety BY: Date: / 0 - 1~ - oo ~alker, Memb~/~'%r Date: ATTEST: ~Zate:/d '/~-F-d ADDENDUM ONE This Agreement is conditioned upon the following: a. Buyer's receipt of a Phase One environmental assessment, at Buyer's expense, including an asbestos evaluation, within forty-five (45) days of the date of this Agreement, which Phase One assessment shall be satisfactory to Buyer in Buyer's sole discretion. b. Seller providing Buyer within ten (10) days of the date of this Agreement a Seller's Residential Real Estate Sales Disclosure form, as required by Indiana law. c. Buyer and Seller shall at Closing enter into a short-term lease agreement for Property providing for contents and liability insurance, maintenance, utilities and other standard items, as agreement by the parties. Said lease shall be for a term of not more than one year, at Seller's discretion. The rent for said term shall be one dollar. d. Buyer obtaining all approvals required by local, state or federal law to complete the obligations contained in this Agreement, including but not limited to necessary appropriations, loans, and approval of Agreement. At Buyer's election, Buyer may extend the Closing Date by up to sixty (60) days to satisfy any environmental concerns discovered as a result of the Phase One environmental assessment contained in l(a) herein. Mapl -- Road Ceaterline [~ Parcel Boundary [] Corporation Boundary [] 99' Aerial Photography 200 0 200 400 600 FEET N http://in29carmel.b-l-n.com/map/carmel.mwf Friday, October 06, 2000 1:49 PM State Form 46234 (RI1293) Seller slates that the InformeL&on contained in this Diado~re is correct to the beat of Sellef's CURRENT ACTUAL KNOVVI.EOGE as of the above date. The prospective buyer end the owner may wkh to oMaln prorewdonel advice or Inspections of the property and provide for appropriate provisions in a conblct halwean them concoming any advice, InepecUons, defects, or wan'anises obtained on the properly. The represectatinns In this form are the reprelentatlons of the owner and are not the repreaectsttons of the agent, if any. This hformatJon Is for disclosure only and is not intended to de I pad of Iny conblct between the buyer Ind the owner. Indiana law (IC 24-4.6-2) generally requires sellers of 1-4 unit res/dential properly to cornplato this form ragetribe the known phydcel condition of the property. An owner must complete and dgn the disclosure form and subride the fornl to I pmspecifve buyer before an offer is accepted for the sale of the real eMato. 1. The folowlng are In the cordNone Indicated: Ao APPUANCE8.:::~ ;: i;i~i~ii!:.!i!! ~! '*'liklii ~ Built-in Vacuum System Clothes Dryer 1,/' Clothes Washer Dishwasher Disposal Freezer v Gas Gdll Hood Microwave Oven Oven Range /' Refrigerator Room Air Conditioner(s) I,/' Trash Compactor ~/' TV Antenna/Dish Inckaded, Air Purifier I/' Burglar alarm Cei.ng Fan(s) ~/' · Garage 0o~r Opener / Controls I// Ins/de Telephone Widng and Blocks / Jacks Intorcom Light Fixtures v/ Smoke I Fire Alarm(s) Swifdnee and OuUets v/' ApFoveq by and restricted to use by Members of the Indiana AsaociatJon of REALTOR Se, Inc. fAR 1999 #3 J (office use only) Page I of 4 Ct,"em Septic Field I Bed Hot Tub Plumbing Aerator Symm Sump Pump Irrigation Systlms Water Heater I Eioctrk~ Water Heater I Gas Water Heater I Solar Water Padtier Water Soltartar Well Other Sewer System (Explain) private/commune/water aystem? private/community Sewer system? Central Air Conditioning Hot Water Heat Furnace Heat / Gas Fumeca Heat / Elec~c Sobr House*HeaUng Woodburning Stove Fireplace inea~t Air Cleaner Humidifier Propane Tank 2. ROOF YES NO Nor : ' Know A...,,knewa: Does the roof leak? / Is there preSent damage to the mot? Is there more than o~e rod on the house? if so, how many?__ roofs. 3. HAZARDOUS CONDITIONS :=~:~::.': .... :YES NO Not Are there any existing hazardous condi- Uons on the property. such as methane gas, lead paint, redOn gas in heus~ or / wag. radioactive ateHal, landfill, minefiR, expansive SOl, ~xio mated- ab. asbestos insulaUon or PCB's? (office use only) Page 2 of 4 Oo improvements have slumInure Are there ·ny foundaUon problems with the Improvements? Are there any encro·chmentot Are there any vlolltk)nl efzon|ng, building codes or relt~ive covenants? I· the present ule · non4onformlng use? Explain: 'Have you received any ndicee by any govemmentol or queel..gevemmeml agencies affecling this property? Are there any dructurel i:~obleme with the Ixatclings? 'Have any substantial addmona or atterations been made w~hout a required building permit? Are there moisture and/or water problem· in the basement or crawl space area? Is there any damage due to wind, flood, termites or rodents? Are the fumace/woodstove/chimneyAque all in working order? is the properly in a flood plain? ._Do you currently pay flood insurance? Doe· the ;xoperty contain underground storage tank(s)? Is the seller a licensed reel estate salesperson or broked' Is there any threatened or existing litigation regarding the property9 'Is the p,'operty subject to convertants, Conditions andlot restrictions ofl homeowoet'$ assoctaUon? is the ~operty located within one (1) mile of an airport? / ¥ (office use only) Page3of4 The IntormalJon co/Ined In thle Disclosure / been furnldted by the Selef, who cartfibs to the truIh thereof, based on the Sellell CURRENT ACTUAL KNOWI. EDGE. A dt~bsum form Is nd a wanenay by the owner or the ownere aged, If any, and Ihe dldosure ~ may n~t be used at I substitute f~ Iny klq)lclinl~ Or wlnlnifea ~lt the pl~oecifve b~/ef or owner rely Inter oMlin. At o~ before letltomen~, the owner In required to ~m:fole 8ny matodml d~n~e In the phy~ ~ of the preparty ~ cod~/to the purch~mer at ~eMlernent that the condilfon of the pml~rly Is the lame am it .was t~l.n b dl~ fo~n w~l iDmvlded. Seler and Purchaser hereby acknowtod~e recelpi of this Date Signature of Seller J Date Signature of Seller I Date (office use only) Page 4 of 4 · (Indiana Real Estate Commildon; 876 IAC t-4,2o f? IR 2352) REV. 12/95