December 5, 1974 MISC. RES. 6901 BY: BUILDINGS & GROUNDS COMMITTEE, Patrick M. Nowak, Chairman IN RE: ACCEPTANCE OF OFFER TO PURCHASE COUNTY PROPERTY, Lot 447 Assessors Plat 135 TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr. Chairman, Ladies and Gentlemen: WHEREAS, the County of Oakland has received an offer from Carmen Lemos and Felipe Lemos, his wife, to purchase County-owned property located at 105 Augusta, Pontiac, Michigan, legal description: Lot #47 Assessors Plat 135, a replat of Steinbough Court, and WHEREAS, the terms of the offer are: PRICE: $9,750.00 DOWN PAYMENT: 975.00 (Deposit $100) BALANCE: 8,775.00 @ 8 1/2% MONTHLY PAYMENT: $125.00 (payable within 5 years or before) WHEREAS, your Committee recommends acceptance of the offer to purchase the above described County-owned property. NOW THEREFORE BE IT RESOLVED that the offer of Carmen Lemos and Felipa Lemos, his wife, to purchase the above described County-owned property be and is hereby accepted. BE IT FURTHER RESOLVED that the Chairman of the Board be and he is hereby authorized to execute the necessary documents to effect said offer acceptance. Mr. Chairman, the Buildings & Grounds Committee, by Patrick M. Nowak, Chairman, moves the adoption of the foregoirgresolution. BUILDINGS & GROUNDS , Patrick M. Nowak, Chairman #6901 Moved by Nowak supported by Button the resolution be adopted, AYES: Houghten, Kasper, Lennon, Moffitt, Montante, Nowak, Olson, Fatnales, Perinoff, Pernick, Richardson, Walker, Wilcox, Berman, Coy, Dearborn, Dunleavy, Gabler, Hobart. (19) - NAYS: None. (0) A sufficient majority having voted therefor, the resolution was adopted, STATE OF MICHIGAN) COUNTY OF OAKLAND) I, Lynn D. - Allen, Clerk of the County of Oakland and having a seal, do hereby certify that I have compared the annexed copy of ...resolution #6901. adopted. by. the. Boarg . of . Commissioners P.11.91c.m.99tin held on December 5, 1974 •••a 60 • a•••••sa ••ep ea Pee. .......... e • • ..... ..pemae pee 00 00 PP. • 00..0 P 00.00 with the original record thereof now remaining in my office, and that it is a true and correct transcript therefrom, and of the whole thereof. In Testimony Whereof, I have hereunto set my hand and affixed the seal of said County at Pontiac, Michigan 6th... ...... day of ..December Lynn D. Allen ...... „... ...... ......Clerk By ..... .......... ...... Deputy Clerk WITH ALI-ERNA:LE Atin 'INSURANCE PROVRiii)NS • UPTON ABSTRACT & TITLE COMPART FORM 11.5• 11 1, 1..• January 75 kg1 V (flT Made this day of . . , 19 betw„„ COUNTY OF OAKLAND, a Mfchjuan ConslJtutional Corporation, Peruse hereinafter referred to as the "Seller," whoseaddressis 1200 N. Telegraph Road, Pontiac, Michigan 48053, and CARMEN LEMOS and TELMA LEMOS, his wife, hereinafter referred to AS the "Purchaser," whose address is ------ 173 Augusta, Pontiac, Michigan 48053, iilithieEM 04: A5N-gu< 1. 'THE SELLER AGREES AS FOLLOWS: xxisxmml, Description Pontiac of Premises (a) To sad and convey to the Purchaser land in the City of. On k Land .County, Michigan, described as: - Lot #47, Assessorls .Plat 135, a repiat of Steinbau.gh,Ceurt and Lots 139 to 149 inclusive, 197 to•220.inclusive, 258 to . _ 264 inclusive, 270 to, 273Tile_iulme„.. 291 ______ __________ • and parts of Lots 265 to 269 inclusive, Sanderson and Johnsion's Addition, part of the northwest 1/4 and part of the southwest 1/4 of Section 29 1. City of POntiac, Oakland - County, Michigan, as recorded in Liber 44 of Plats, Page 43, Oakland County Records. — together with ell tenements, hereditsments, improvements and appurtenances, includin g all li ghtin g fixtures, plumbing fixtures, shades, VenFt;17 blinds, curtain rods, storm windows, storm doors, screens, awnin gs, if an y, and _____________________ _____ .__________ now on the premises, and stitject to all applicable buildin g and use restrictions, end easements, if any, affectin g the premises. Terms of (b) That the cans4demtion for the sale of the above described premises to the Purchaser is: P riymeni. NINE THOUSAND SEVEN HUNDRED FIFTY and 00/100 ($ 9750.00 ) DOLLARS, of which the sum of NINE HUNDRED SEVENTY FIVE and 00/100 :- ($ 975.00 ) DOLLARS, has heretofore been paid to the Seller, the receipt of which is hereby acknowled ged, and the balance of EIGHT THOUSAND SEYEN :HUNDRED SEVENTY F VE an_d_00/10.0 _7 Q _____ DOLLARS, is to be paid to the Seller, with interest on an y part thereof at an y time unpaid at the rate ofe ight on alf per" cent. per annum while the Purchaser is not in default, and at the rate of e i_g_ht _ one— 8 %) per cent per annum when and as often as the Purchaser is in default. This balance of purchase rnon.Vdnd interest shall be paid in monthly installments of ONE HUNDRED TWENTY F 1V E...._arld Q0/100 — (s_ 125 .00 _) DOLLARS ■VOCh, Or MOTO at Dirchaser's option, an the day of each month, beginning ., 19 75 ; said pa yments to be applied first upon interest and the balance on principal ; PROVI , the entire purchase mone y and interest shall be full y paid within five (5) years from the date hereof, an ything herein to the contrar y notwithstandin g. Seller's (c) Upon receiving pa yment in 'full of all sums owin g herein, less the amount then due on an y existing mort gage or Duty to mortgages, and the surrender of the duplicate of this contract, to execute and deliver to the Purchaser or the Purchaser's Cerrecy assigns, a good and sufficient Warrant y Deed conve y in g title to said land, subject to aforesaid restrictions and easements and subject to an y then existing mort gage or mortga ges, and free from all other encumbrances, except such as ma y be herein Set forth, and except such encumbrances as shall have accrued or attached since the date hereof throu gh the acts or omis- sions of persons other than the Seller or his assi gns. To ftimich (d) To deliver to the Purchaser as evidence of title, at the Seller's option, either a Policy of Title Insurance or Title - Abstract of Title, the effective date of the policy or certification date of Abstract to he approximatel y the date of this con- Zeiderice tract, end issued by the BURTON ARSTRACT AND TITLE COMPANY of Detroit. The Seller shall have the ri ght to retain posses- sion of this evidence of title durin g the life of this contract and upon demand, shall lend it to Purchaser upon the pled g - ing of a reasonable securit y. Purchaser's 2. THE PURCHASER AGREES AS FOLLOWS: Duties (a) To purchase said land end pa y the Seller the sum aforesaid, with the interest thereon as above provided. (b) To use, maintain and occup y said premises in accordance with an y and all restrictions thereon. (c) To keep the pzernises in accordance with all police, sanitar y and other re gulations imposed by any governmental authority. To Pay Taxes (d) To pay all taxes and assessments hereafter levied On said premises before an y penalty for non-pa yment attaches and keep thereto, and submit receipts to Seller upon request, as evidence of payment thereof-also at all times to keep the buildin gs Premises now or hereafter on the premises insured a gainst loss and damage, in manner and to an amount approved b y the Seller, and Insoied to deliver the policies as issued to the Seller with the premiums full y paid. ry—-cc7.st.— of Taxes, Assessments and Instrr ■ Alterrlate - 11 the amount of the—TSTirTirTie uce is inserted in the folic -05,.—ii-4:23-tiTt;:----. Payment graph 2 (e), then the method of the pa y ment of these items as therein indicated shall be adopted. If this .arttnt is not Method then Paragraph 2(e) shall be of no effect and the method of payment provided in the eeecEng Paragraph 2(d) shall be affective. Insert amount, (e) To pay monthl y in addition to the monthl y payments herein beftipfirs-le:Cthe sum of if advance — monthly Dor.t„Aaa-r- hich is an estimate a the monthl y cost of the taxes, installment assessments and insurance premiums for said prerniseswhictrchall be credited b y the Seller on the unpaid principal balance method due on the contract. If the Purchaser is not in.ade_1_,.uIrfinder the terms of this contract, the Seller shall pay for the Purchaser's of tares and account, the tapes, assessments and ins yatsce—premioras mentioned in Para graph 2 (d) above when due and before an ineurance y to he adopted penalty attaches, and submit rec therefor to the Purchaser upon demand. The amounts so paid shall be added to the principal balance of this ,co- act. The amount of the estimated monthl y payment, under this para graph, ma y be adjusted from time to ti g__srs--tfi—aq the amount received shall approximate the total sem re quired annuall y for taxes, assessments and adjustment shall be made on demand of either of the parties and an y deficiencies shall be paid b y the 1....ipon the Seller's demand. y dated Accepe.arice (0 That he has examined' a Title Insurance Polic December 5 1974 at 8:00 A.M. YO.540çit0,:af>T4trè< C4-kciIiiK3<t6 • fi of Title and coverin g, the above described premises, end i s satisfied with the marketabilit y of the title shown thereby, and has examined Premieee the above described premises and is satisfied with the physical condition of an y structures thereon. Maintenance (g) To keep and maintain the premises and the buildings thereon in as good condition as they are at the date hereof Prami,e1 and not to commit waste., remove or demolish any improvements thereon, Or other:wise diminish the value of the Seller's security, without the written consent of the Seller.