Prepared By: Reca Limited Partnership Contract Expiration : 8/1/2037 P.O. Box 1996 payments are made in accordance Irmo, $6.29063, ‘with the terme of this Agreement. (803) 790-4666 AGREEMENT FOR DEED (Land Contract) THIS AGREEMENT FOR DEED is eatered into on this 2 da) of August, 2010 between Reea Limited Partnership hereafter known a8 the “Seller” and Loretts’ Widens ‘hereafter known asthe “Purchater", HIESSETH tht if Purchaoer shall Sst make the payments and perform the covensats) hereafter desceibed: 1g GELLER hereby covenants) and agree) to convey and assur to the Purchaser and Bishershe: his, executors administrator or assign, in feo simple, clear of ll encubooasos, {y 8 good and sufficient deed, the lot and pice of land, snuted ef: 10520 Eigha Ave, te a Canty of Cuyahoga, the city of Cleveland, the State of OH and futher now tnd couited ss follows, to-wit ‘SEE Attachment “A* FOR LEGAL DESCRIPTION OF PROPERTY Jp FLBGHASER bereby covenan(s) and agrec(s) to pay to the Seller the sum of Nineteen qnzerand Nine Hundred Dollars and novcents, ($19,900.00) in the manner a8 follows: Five ‘THIS DOWN PAYMENT IS NON-REFUNDABLE 3/4) (italy Js been paid Giotto the release ofthis contract) ox 8/2/2010 and the remsning Nineteen ‘Towsand Four Hundred Dollars and no cents (19,400.00) shall be paid scoring to tae ms of« “Promissory Note” of even dat with intrest atthe ral of Ten percent (1099 pre 4 :AttD 1 KEEP THE BUILDINGS UPON SAID PREMISES INSURED BY SOME COMPANY SATISFACTORY TO THE SELLER, ma payable to te pation mopectvay co {heir interest may sppeas in th sum aot less than Nineteen Thousand Four Hundved Delase nd ofcets ($19,400.0) during the term of this agreement 2.AND IF ANY TAXES, INSURANCE OR OTHER ASSESSMENTS are not pai then this ‘agreements in default, and a he option of the Selle, th seller can pay said taxes, insursece or $, THE SALE OF THE PROPERTY (wn tho team "Property") shall include all buildings and ‘mproverseats onthe property and all ght title ud interest of Sele in and to adjacent set, *oads, alleys and rights-of-way, but no mineral interest,1715 MUTUALLY AGREED, y wd beroen tn paren hereto, tat te Seler tara te ‘ai propery tote Puchaver in sey “AS IS" conden witeat any ossrioe ens atement. 34) (ata) : ‘and the Purchaser(s) are solely responsible for bringin the building and premises to habitable condition within a reasonable period of time not exceeding Four months (4), and maisaining the property in good state of repair during the term ofthis agreement. Purchasers) may request an extension from the Seiler by contacting prior tothe four months deadline, ‘Wlegal ov offensive activities which might constitute a nulsance. 7 AND IN CASE OF FAILURE OF THE PURCHASER to make ny of the payments or ny ‘part thereof, or to perform any of the covenants hereby made end entered ino, or transfer of ‘any ownership interest n this “Agreement” by Purchaser, this contac, at ihe option ofthe ‘Seller, oxy be forfeited and terminated, andthe Purchaser shall forfeit all peyments made by ‘invber/tbem on this contract; and suck payments may be retained by the Seller in fll, & CONVERSION TO “MONTH TO MONTH” TENANCY; upon the Seller exercising its ‘ight of termination as provided herei, allright and interest hereby created and then existing in Seller may, at their own option, cause a written Seclaration to be recorded in the office ofthe Clerk of Court of Cuyehoge County, to evidence the existence of hishers/theirs election to tenminate all sights hereunder in eccordance herewith, ‘Such declaration when so recorded sball bo, sx to all subsequent Purchasers or Teoasts ov encumbrances of the property or aay part thereof, conclusive proof of default by the Purchaser And the Seller election to terminete all rights in the said property existing by resson of this berto agree that these forfeitures are reasonable and ae not intcaded as penaly, am10. THE PURCHASER ACKNOWLEDGES that upon termination of this agreement by the Seller and Purchases becomes « “month to month” tenant with a monthly reat equal to’ One ‘Hundred Ninety-cight Dollars and Eleven Cents (198.1). M1. IT IS MUTUALLY AGREED, by aod between the Parties hereto, that the time of cach Pyment is essential part ofthis contract and that all covenants and agreements herein coutained shall extend to and bo obligatory upon the heir, executors, administrators end assigns of respective pasties. At the option of the Seller, Purchaser furher agrees to convert these documents to « Deed and Mortaaga and provide the seller updated financial information. And ft is further understood that the Deed will exclude any and all mineral interests. Tho puschasee also sarees that tho seller bas the right to sale hisher/their agreement or mortgage to another ary. IN WITNESS WHEREOF, the Parties to these present have bereusto set their hands and seals the day and year first writen above, ‘Witness Print Nem: fel) ‘STATE OF SOUTH CAROLINA ) ) (COUNTY OF LEXINGTON ) 1, tho undersigned, a Notary Public do hereby certify that David W Campbell, Manager for Reca Limited Partnership, the sele, herein eppeared before me this day and acknowledged ACKNOWLEDGMENT eee son is SWORN aad steed befire me oa this See Lathday of, 2010 ‘Notay's $i Nowy Pali fo he Suto South Caroling ‘My Commission Expires: _Q)-41 Araya (Seal)