HomeMy WebLinkAbout1975-04-22 Resolution�-�' • F00. THE LEGAL EFFECT O
IOWA�I
A STATE QA71 ASSOCIATION _ OF THIS FORM YOUR THEw
CONSULT YOlA..
Ir Official Form No. 28 tyre. -sera eql tis• er o --r yens OAVEAT..- Seller stat"d ddernsine
fhe impact, if any, of �t Rec.
E OFFER TO BUY REAL ESTATE AT7D ACtEPTANtc liuw+�.. f-� pa"Ical"
I{ sAoril 15, 1975
1 r I ra City, Johnson County � Iowa,
as
Frank Boyd and M. Lucille, �r - (herein designated as Sellers):
To andBruceR. Glas ow
and Florence E. ,l ow
-:-(Ined names of Seller end Sao.-) _ Johnson
iTHE UND"c3SIGNeD-(herein designated as Buyers) hereby bHer to buy the real estate situated in
(; County. Iowa, describ»d at follows:. - -
Sections IIa and 11b of.thewashinciton Park Addition Part 9 containing
3.3 acres more or less, as notated upon a map attached to this offer
to Buy Peal-Estateand-.Acceptance -and by this reference made apart
hereof.
�!
together with any anssmiAms and servient. estates appurtenant 11•erelo, but with reservations and exceptions only as follows:
it (Strike out inapplicable parts. 8 any, of (a), (b) or (c) below.)
l' e) Tide shall be le4en .subject to applicable Tonmg restrictions• except as in t, below;
except as in 1,
11
l �6) And -subject to anyremonabla,: customary: and appropriate resfrictive covanentt as may beshownof record. p
below; -- public roads end public highways; -- -
l� (c) And. subject to easementsof rxord for public utilities, p _
None
(d)—And—subject to iLiana7) IM, .' resermtion of re<-rd7) (Coven." x of record rvnnin 'Ih he Ie,M71
.. Les+ee+7 ISee Paregrnph. No. IT) or other eemmeet of record 7) !! s•- of ot_•r pad•e+7) ( )
q (Ea+em•nh eat reco,ded?) (D. -.-I,
- the Civic Center, 410 -E F7ashington, Iowa City, Iowa.
i� 45.000 a able -1
• For the total sum of.S—�----•----- payable - -
Jolinson County.: Iowa, os follows:
'1
Select (At or fl) or -YC) below: " r
herewith, to.beheld by r
�f A_,-45TALLMENT PLAIT By payment of $ at the rete of $ or m cis month. in-
it
n-
$alleri Agent, PendiOrJC °f final papa", end $ - _ a
_ annum is paid; the first such
'j with Interest at _ 1
(!-eluding interasf To dote of each peyment-_++ til the entire purchase pace, ria of each month '
1 - -_ )q__ rem ffer on tha Y
'( payment to be made on th ^ Y °f _ _. -
an event final payment of full balance under this Contract -
�' _ until all sums due aro paid in full; provrd Y _-
I� If - 19_-
I shell be made on or before the _. -- herewith to 6e held by
By P ya,en „f .
!�
U. '. 77/N PAYMENT A EMENT 7AT�IENT ONLY:.B n -
_ pending delivery of final pope", end the balance o
iSatin"' Agent. p 9
f •ray of 19_�
on performance_ by Sellers,
all on the - _ _ -
C. OTH3111 PLAN:
�I By, payment of purchase price upon perforr .ace by Sellers. I
- 1 •diatdy to make the following 1
! - a Buyers ere permitted, ural_. enY existing xomng end build ng r s!•;Cio s, ,-r
(, 1 SPECIAL USE T s of is a--cnl•ss Y __
coo o mieg us or sad real estate end ell unpa d ter -s fa' I,,; a l-- -Ar•Y bafenc-
�� Z TAXES Sell "$ shall Par X100 `G of -reel stat- la•of tests s a the bas d 75 . y pay
en. ferns shel oe prd V/ 0uy s. Any Proration of }ayes shall a based upon the faxen for the year currenN able udns
11 of tines acd. u: sXie,•, -
..the parties state o1Sel•wlse.
n
)` e
t e sellers shall -pay all special asseumanh hick en a ben an the _dein o} acceptance of this oHv. _
i 1. SPECIAL ASSESSMENTS. 1) esuumenIs which, if not paid, would become delinpuee! tae Year tris ails
(b) I (a) F -,oaf it -t4ckee; thenSeller -hail Pay ell ;mtellma,h of specnl _ -
j ,c epf'd end all prior installments thereof -
At
reoi B.Yerr., -
It .All other special m-nunmh shall be paid by : nd shall
Ir -- — of fire, windstorm and. extended coverage nsursnce until Pwseaian is qi-.n
II 7. INSURANCE` -Sellers -hell me of n S p gray
suc
( beth Sellers end:Buyen and 11) upon performance
this ere h by Sellers end 11)
forhwlth. secure endonemenla on the policies in such a ouN meW r,9 lou Parebin 1- the peel;" e+ to p rformance lionele inaurenw Ifo scmec sudlh 4ards
u on Buten only sahxn end m soon as f I I this after is signed by ID and 20.) B-1-11. it they desire, y
(1 1.On a sepy hereof is deli•+red to Buyers ISee. els- peregraPJune 19 75 possession shall
n lst- et
-: S. POSSESSION. If Buren timely rale,' ell obligation- itor before H`
aft^
on said date be dei;vved to SuYen, wdh edimtmmb of rent, inwren<e _end m}ernf m of data of bender of posseuron. If BuKn a le4irrq +ubieafa-
son
t _ in which event, Sellers •hall forhr;th produce-PY_.n!!n Iesw d learn a
jl dqM of t n +, to ind cafe by "yrs' in fhe space following: -
Said premises tor.... n hen,. end en•Ignment._ -.- - } -
All. Personal P,aPertY 0r,' infeg•e11Y. bolo 9s to or is pad. of Laid real estate, whether attached or dstorm d s ch cr G9M Fectea
i� b anal hbnd-, awnings storm rindon; afore doors, storm sashes. screens etteUed
q e: FIXTURES. (a)conment other then window hoe, door chime
(including -fluorescent tubes but Pot maids a;lb+wftenen,`nuoldome is healing a ulPmen' air bushes.
hr eao'P -
1.- - linoleumr Plumbing frxtama• water M1<eten, ,+ GG _
bviif•in dem- and electrical eters, lancing, galea and -Mer ettarlted frevrn, bine, bushes, shrub end pianh shell be.conudered a Ped o1 re.
estate end nc ud•d m th s "le escepf - (Rented darnel) -
L' _- -- be a par of nd included in this Isla:
(b) Vf.0 to.,,Ic.rpefiX
rg fastened ned to x ells shell
i
be Ped of and included m this tela
h ie) Outside Inlevls;on tower, and .,feel- sh ll - _ mdw e, Printed on iM -
7, ADDITIONAL PAOYISIONS This oXnr s m d-- subieet In. the add f o eo I an a dJ�honnl p isjonwuonPere9 ?Ph10 vs �'s d peregrsphs 10 to 11. - li
h -all regain the eddilionel Pge,lurn of the Parties on the ".,s. side Fe••dL. _
.. * �rsn side hveol; wdl•out rrslulremenl -I nr1 ohoneunnceeh1•pnregupnr10 ra ph Il, Y
inclusive, other than its •.Kon of themoan ^ h a laxer, other frm end to eeaei•e out'
s
1, PORCHAS. PRICE. It s eg eed that at time of sattlemrl, land+ o1 the purchase price may b used to pay _
s1rn77n•7 int s s, tf ant. of ether P.rner. - -
April 22 ly 75 if. s4.-7 - rw avY ed "�'' erg eA pe-.
9. If Ifi - epee is not accepted by Sallee on or before �- - -
b+ repa,d to tee Sures• - - CITY-"ih CII-1�f
XX-41reC�i/��Lyd1� of Boy"
SELLER -
L
19
eN•r H ace -/glad hl day e/ y
The fo"I'Z11
���%`r�rSST: li: "I`.•T^� �t..�--e r� /
-'
a Opt onel h .
fi f iJe
{.s,o td 1h F
com;, • h the
font! ;n nue:
•/l n the Prmup 1 lee el P ce n 1 f rel 1tx l sell -or
Pro r m. (a) III.", ndenfend th 1 Ih f n o l9 9e of .eco d i h Present balance he aggro etely
N" Ib If 6—I'm by
l.
nc Ip ge if to be 1 mels paid bf S ) [xb 1 Ihp .� the Wr Nea ronsant rd 411en ! which sen e T Fri! fust 'leu r 1 utcl.
1 y I t PNI ^'FM pl{rl r.lY; P fhj s n dr rA rdJ pPsf lea l r lCefjr It est !� sten a ytt r i men
e 1 n ells", J niure ea men.
;- (.. -!A!j F•r +e tr/ fnrl rL7 �t` ever ds:- o! pen
.1.c! d o p o_ee .,lent as e! led rmaon.'
. you F d `� vnap,nd pe•!;on e. aid - pate s. _.
b. -•d pare Sreph 1, f» q end. pe, Pro rat for 'he
ADDITIONAL PROYISIONS
The to•apanp offer is subject to The following further conalWar, rid p s1•confracfed fu.) et n( dote of 1hs'o11ur end n al iris n cend"k. will
P"' fes fmm causes
--- 10. STATUS QUO MAINTAINED. Said real edele (rind any penonel Property
deliraed infect at the d let 11 -1 -on a g;van. Fac..I oercele of lou or dedwcfen of peri or ell of ted
1roceeds to be applied as The. i"terc!t: the podia' ac1K"') n lieu of
eberY (p, Buyers 4111 ih re.pan cone c e the con
- - be pmerved and
dcltroyed impmvemer . and Sellers shell not_be equ r d to rape r or replete tome.
cozered by the imurencu thereon, Buyer, eg•te to accept such i1 shelf not
.that ted of shit damaged. or
- Ired rid: accept the Provedy. (Ste paragraphs and 70.): - , - d ince d g de!e c ace ,. ce os s off . a d dt.
rc C t•e
to e".a.ile..
Ili ACSTRACr.AND TITLE 5.111•, shell Prompliy confru< eud pay for }h ba ec o. the -.1,0""t,r
shall .ay
fI of -0Ie B ye + - en 1h purclese p c s Le St 11 r
the to a Ste Be A ;e c
Ina• to Buyers for er n•net im - The ebii,acl: shall beco-.ne grape
few f 1 St n'. ,owe d Ie a Ti: 51 "!r, - e 1
n,* 7i. rent en at death Ile s 4 -
.;Is this e9reemenl the lend r
i^ -woh onusmn of seller., -:.
- ale cenformify due to act ar
costs of Add0ieael eb,t,C t;., end/or f i!. due send c ov, I. as
. errnnty deed .1 e s •cc•1 es as
title by Tweenent
p
cso<. .n acs of Se1ie up to
12. DECD UPC- Payment of Furcheu price, Sellers shell convey
w
by low tencebol nth' offer. wish' special
Per form ..Pp,.,d f. nit to time .1 ecce p
pvided.B AIIAse tensks shell tile
•"ant .P"ssly P w
sfr otherwise. a.
bme 0 del verY of deed. by
IN PROCEEDS AlD IN SECURITY RIGHTS IN REAL ESTATE I1, and o ly f the Slit,, mme1 'a' Y b-
tenancy is not leter ',Cel d by efon of Ie
nunleU
t?. '0 P. THE SELLERS: JOINT TENANCY ell
p, P< y o;nf len...V. and such joint
-any confinuin9 end/or r<eep!med ri9Ms of Ylles n smd el ed .le
F -got- i•her Seller -agree torPly
ceding this offer, hold the title to the above described o •t 'n t e
-sale, oilhr:
ep4d
_ end Bu ers,in the event .dee
-eels ofthe Sellers (I) then the Proc. of This ee l,�ebme:
righ}t of survwonhip end not es jars.,,' in .accept d end ,. Y
s' deed from such surviving: Seller cemis!eni 1h Far
with s o{ this >e le to the wrv;Ang. Seller end 10 accept
-' Ylien es joint tenants with
any balance of the from this agreement. "- only ice ••s
is in
--- and owpt-shit peregrePh. 13 'teeters __.. .. eyecafad this ru•.eal
--- "-- eemeni Thall be Presumed to here
Imnce with section 561.13 I.C.A.; tad the use o to word "Sell -
titleholder mmedefelY preceding this -of wch
`13%a.' SrLL[gS;.•o Spouse, if net a d
hell not re6u1 such p esumpbo+, nor in any weY enlarge of lend the Pre out n.er•gf
purPose a relinquishing 111 rthls of dower homestead d end al"'not ,b share and/or n c p
n o1 this canlred.
terms end Pro loons
h
- - ori - m the printed. pod,on of ih;s .cool mit, ds heel more,., use ecce 1 a, eforesald, l0 1 e
or in the sale proceeds thereof, nor band such spouse P
spouse in said property
-
M. TIME IS OF THE ESSENCE.- Time is of the esseacC ;a this Agreement. -
ESTATE COMMISSIONS:
_
15. REMEDIES OF THE PARTIES — FORFEITURE — FORECLOSURES— REAL
the some cs p•crtded ;n the Code a Iawa, end ell payme" s e. ...... der shall
nod- hereunder shell
commns,on owmq by Sitters on account of this •remactian ell payments
(.) U Buyers fell to fulfill this egrttment, Iha. Sellers mai forfeit
e r
fx fodeited.� To the .dent 'n amount of,..y eel edek
be paid by the Seller. to she. Perso^ anti led. m full-, dwherge of Salleri obligel�on br ,uch commission.
iL any be due, to the person entitled. but
---- n the regular reef nlefe comm;u;on,
- (b) I1 Sellers fail to fulfill Ih;, agreement, the, shell lived. her p
have the right to have all their payments made hereunder returned to them.
Buyers dies, or action et low or n equity..
ff,. shell other
each shelf
endsa vocal e 10 r may alland
efpponicd
--(c) In all to the fore90;n9 remed;Os. Bu1�en and Is 11end
;.Clud.ng farad....., Ind the party at fault shell pay q -' qui:y holdeq the Sell•-+. or thus, Broker,
lake subject to a lien an this properly, or ere pulchesl^ en inlercs' o. e^ t
fen or in show ng the .,erect end eSmed balenw
'
I6. EQUITY. If Buyers assume or
-or delemenh, in witting from the holder of such
Raeltor, shell famish Buyen with a statement, -
or
er blench. _J -- -- - -. - r terms and previsions of the
same shell be as pe
bebyli
to this d ume�nlrect,
official -17.Iffrorm Instruof menteffectLebut .
es State fellar -,�ed by . 1, n eto ase
d velu•a for the ends Rwlnmperche!ed;
I!: ALLOCATION OF VALUE OF A55Ei5.-Buyers end Selien-shell coopperate to mete areefonebld allocation
manner. delay art blvel;date this con!tect or it, pedormance. -
in Coud de -
bat fail.it to reach an egreemlal .'heli not any e,.Pravel, .ales
is an asset of. any. ,tale, trust or 9vard;emh;p, this contract shell be sub•ed I.
and d;l;genlly to bring the mailer on for FeerinG
-
the eppropriete fiduciary shell proceed promptly
If, APPROVAL OF COURT. If this property
-
-
1.,d unneemery by the BuY-11 alt may. _I} necessary.a used. - -' -
I., Courf,approvel. (In that event the Court Office , Deed shell be ) - afteroueu;oq step in affect fire. •;ods o - and
20. INSURANCE POLICIES U suyun purchase on ,mtelimenf pared, they +hell, ea tem'r own ount not lessethan the unpaid _ belence of the Purchase pace, er
of the parties hereto, m
- f....do insurance. -;th c, ended coverage, for the benefit
_ era re hs and 10.1
to the Seifert. (Sed also P 9 p
S - - wF;chever_mey bis lo+ --TF1 Pohcim +hell b delivered - in' interest d Ih m:pedive
shall apply t^ and bind the wcceuon _
2I. CONTRACT BINDING ON SUCCESSORS IN 11iTEREST. Thb controd -
nvml+eq-emewuline, f•m;nine
be m in the singular or plural ad et
ded9ment heof• +hall eamfrued
22. Words and phrases herein,. ;ndud;ng any ecsnoer
_.
- -a fe
eavrp . 9andaAcce•d;nq fo the ceded..`
'13. OTHER PROVISIONS-' (Personal Properly?)
the will Perm certain excavation take
understood that .buyers
It is t
herein for the purposes of facilitating
placE_on the property piJrchased
of subdivision improvements, all as approved
the orderly construction
- by the City Engineer.
10 to 22 IwdwAe, other then Me inurrion of thew sane e1 Iii., -
IH p.re9raph 23 6 sed, '.it/.'H any F wan ere .de in Printed Pa1a91APhs
n Pwrwg•wPh T wbeve.l
r arca in Paragraph 20• siq. bele-. wz req.rred
_] BUYERS -
ev"
SELLERS. _
.=-..Gr
-- - _: -. _.: — -
_
...•ser..
_,YR.
Buyers" Address
Sellers' Address-
era•
COUNly, 11:
- STATE OF 10V/A. the unit s _ •_ a -•s r_.._..+ • ! - .• ••• lc.e, -
_. bele.. e. - -
0" fh; —day cf A. D. 19._—
y_nenellV __..
eoPea,ed -
t the ng n!t•um.nf O e• !. t.l rat E} M
-.n.
lu .,I .ndadc o'n
e s,,-, to ^be ih •d tlk.1 re,saecu•eddl;a snme,hIs •h..
dge
---!b<L and ee a-
a Opt onel h .
fi f iJe
{.s,o td 1h F
com;, • h the
font! ;n nue:
•/l n the Prmup 1 lee el P ce n 1 f rel 1tx l sell -or
Pro r m. (a) III.", ndenfend th 1 Ih f n o l9 9e of .eco d i h Present balance he aggro etely
N" Ib If 6—I'm by
l.
nc Ip ge if to be 1 mels paid bf S ) [xb 1 Ihp .� the Wr Nea ronsant rd 411en ! which sen e T Fri! fust 'leu r 1 utcl.
1 y I t PNI ^'FM pl{rl r.lY; P fhj s n dr rA rdJ pPsf lea l r lCefjr It est !� sten a ytt r i men
e 1 n ells", J niure ea men.
;- (.. -!A!j F•r +e tr/ fnrl rL7 �t` ever ds:- o! pen
.1.c! d o p o_ee .,lent as e! led rmaon.'
. you F d `� vnap,nd pe•!;on e. aid - pate s. _.
b. -•d pare Sreph 1, f» q end. pe, Pro rat for 'he