Offer to Buy
Dublin Core
Title
Offer to Buy
Source
Black Cultural Center, RS 7/5/4, box 1, folder 14.
Date
September 27, 1969
Rights
This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).
Format
Document
Text Item Type Metadata
Text
Form R 14 OFFER TO BUY
UNIFORM
THE MULTIPLE LISTING SERVICE OF THE AMES BOARD OF REALTORS
Ames, Iowa, Sept., 27, 1969
To Bruce Hamilton Green and G. Margaret Green
I-WE hereby make you the following offer for your property located at 517 Welch Ave., and described as follows Lot 5 Block 3 in Lee and Little's Additional to Ames, Iowa and agree to pay you therefor the sum of $31,500 as follows: $1,000.00 in cash with this offer as earnest money to be held by Beaty Real Estate the Listing Realtor, Seller's Agent, pending closing date.
The remainder of $30,500 is to be paid as follows: to-wit: $4,000.00 in cash and the balance of $26,500 by formal contract in which we will agree to pay $400.00 per month for 24 months and then $256.00 per month until paid in full. Interest is to be calculated at 8% per annum payable on the unpaid monthly balance. Buyers may pay the balance due at any time without penalty. It is agreed that in event of loss, insurance proceeds shall be used, at the option of the buyer, to repair or replace or reduce the principal amount due, with seller reserving the right to approve specifications and architectural design in the event of repair or replacement. For purposes of notice required for forfeiture under the Iowa Code, it is agreed that forfeiture may occur no sooner than 60 days following said notice.
1. All regular taxes on the property for the year 1968 due and payable in 1969 are to be paid by Seller. Taxes fo 1969 due and payable in 1970 are to be divided all to the Seller and none to the Buyer, same to be paid by adjustment in the settlement based upon assessed valuation as of January 1, 1969, the latest millage available at time of settlement and exemption of xxxxxxxxxx.
2. All special assessments now spread upon the Treasurer's books are to be paid by seller.
3. All subsequent taxes and special assessments are to be paid by the Buyer.
4. Possession to be given on or before January 1, 1970, and adjustments of interest, rents and insurance, if assigned, to be made of like date; settlement to be made upon approval of title but not later than date of possession. The Seller agrees forthwith to make insurance on the propety in the amount of $ [blank field] payable to all parties as their interests may appear. In case of loss or destruction of part or all of said premises from causes covered by the insurance thereon, Buyer agrees to accept such insurance recovery in lieu of that part of the damaged or destroyed improvements.
5. The Seller is to continue the abstract to the date of the contract, showing good and merchantable title, free and clear of all taxes, assessments, liens and encumbrances, other than those specified, except building restrictions, easements, and subject to applicable zoning restrictions. If existing mortgage is assumed Buyer shall pay the transfer and/or assumption fee charged by the Mortgagee.
6. It is understood that no representations made by the agent in the negotiation of this sale are being relied upon unless incorporated herein in writing, and that this property has been offered me by no other person. Any agreement written on the back hereof, and there signed by the parties, shall be a part of this contract.
7. Shades, blinds, curtain rods, venetian blinds, linoleums, storm sash, screens, showers, automatic heating equipment water heater, radio and/or TV antenna, electric and other attached fixtures, and all furniture and appliances owned by the sellers and presently in the basement apartment; and also stove on 1st floor and refrigerator presently in garage are to be left with the house unless excepted on the back of the contract and there signed by the parties.
8. If the Seller fails to fulfill this agreement he will pay to the agent the regular commission in full, and the Buyer shall have the right to have all payments returned, or to proceed by any action or actions at law or in equity, and the Seller agrees to pay costs and attorneys fees, and a receiver may be appointed.
9. If the Buyer fails to fulfill his agreement, the Seller may forfeit the same as provided in the Code of Iowa, and all payments made herein shall be forfeited, and to the extent of the commission it shall be first paid to the agent in full discharge of Seller's obligation for commission to the agent, and the balance, if any, shall be paid to and become the property of the Seller, or the Seller may proceed by any action or actions at law or in equity and the Buyer agrees to pay costs and attorney fees, including the agent's commissions and any other expenses incurred by the Seller, as liquidated damages and a receiver may be appointed and all payments made herein to the extent of the commission shall e first paid to the agent in full discharge of the Seller's obligation for the agent's commission, and the balance, if any, shall be paid to and become the property of the Seller.
10. In the performance of each part of this agreement time shall be of the essence of the contract [bolded].
11. It is agreed that at time of settlement, funds of the purchase price may be used to pay taxes and other liens to comply with the above requirements, same to be handled under the supervision of Beauty Real Estate and subject to approval of buyer's attorney on title questions involved, and needed to produce merchantable title.
12. Seller agrees to pay a loan discount equal to [blank field] percent of the amount of the loan.
13. When accepted this offer shall become a binding contract for the sale and purchase of the above described premises and the Seller shall pay said agent the customary commission. If this offer is not accepted by the Seller on or before Sept. 29, 1969 it shall become null and void and the initial payment shall be repaid to the Buyer without liability on the part of said agent to either party.
[Left column] The foregoing offer is acceptd this 29 day of Sept., 1969.
(Signature of the Seller)
Bruce H Green
G. Margaret Green
[Right column}
If possession it to be given on or before July 1st, Buyer will file for the following exemptions ( [blank field)] HS, ([blank field]) veterans.
(Signature of the Buyer)
Black Cultural Center, Inc. By William M. Bell
UNIFORM
THE MULTIPLE LISTING SERVICE OF THE AMES BOARD OF REALTORS
Ames, Iowa, Sept., 27, 1969
To Bruce Hamilton Green and G. Margaret Green
I-WE hereby make you the following offer for your property located at 517 Welch Ave., and described as follows Lot 5 Block 3 in Lee and Little's Additional to Ames, Iowa and agree to pay you therefor the sum of $31,500 as follows: $1,000.00 in cash with this offer as earnest money to be held by Beaty Real Estate the Listing Realtor, Seller's Agent, pending closing date.
The remainder of $30,500 is to be paid as follows: to-wit: $4,000.00 in cash and the balance of $26,500 by formal contract in which we will agree to pay $400.00 per month for 24 months and then $256.00 per month until paid in full. Interest is to be calculated at 8% per annum payable on the unpaid monthly balance. Buyers may pay the balance due at any time without penalty. It is agreed that in event of loss, insurance proceeds shall be used, at the option of the buyer, to repair or replace or reduce the principal amount due, with seller reserving the right to approve specifications and architectural design in the event of repair or replacement. For purposes of notice required for forfeiture under the Iowa Code, it is agreed that forfeiture may occur no sooner than 60 days following said notice.
1. All regular taxes on the property for the year 1968 due and payable in 1969 are to be paid by Seller. Taxes fo 1969 due and payable in 1970 are to be divided all to the Seller and none to the Buyer, same to be paid by adjustment in the settlement based upon assessed valuation as of January 1, 1969, the latest millage available at time of settlement and exemption of xxxxxxxxxx.
2. All special assessments now spread upon the Treasurer's books are to be paid by seller.
3. All subsequent taxes and special assessments are to be paid by the Buyer.
4. Possession to be given on or before January 1, 1970, and adjustments of interest, rents and insurance, if assigned, to be made of like date; settlement to be made upon approval of title but not later than date of possession. The Seller agrees forthwith to make insurance on the propety in the amount of $ [blank field] payable to all parties as their interests may appear. In case of loss or destruction of part or all of said premises from causes covered by the insurance thereon, Buyer agrees to accept such insurance recovery in lieu of that part of the damaged or destroyed improvements.
5. The Seller is to continue the abstract to the date of the contract, showing good and merchantable title, free and clear of all taxes, assessments, liens and encumbrances, other than those specified, except building restrictions, easements, and subject to applicable zoning restrictions. If existing mortgage is assumed Buyer shall pay the transfer and/or assumption fee charged by the Mortgagee.
6. It is understood that no representations made by the agent in the negotiation of this sale are being relied upon unless incorporated herein in writing, and that this property has been offered me by no other person. Any agreement written on the back hereof, and there signed by the parties, shall be a part of this contract.
7. Shades, blinds, curtain rods, venetian blinds, linoleums, storm sash, screens, showers, automatic heating equipment water heater, radio and/or TV antenna, electric and other attached fixtures, and all furniture and appliances owned by the sellers and presently in the basement apartment; and also stove on 1st floor and refrigerator presently in garage are to be left with the house unless excepted on the back of the contract and there signed by the parties.
8. If the Seller fails to fulfill this agreement he will pay to the agent the regular commission in full, and the Buyer shall have the right to have all payments returned, or to proceed by any action or actions at law or in equity, and the Seller agrees to pay costs and attorneys fees, and a receiver may be appointed.
9. If the Buyer fails to fulfill his agreement, the Seller may forfeit the same as provided in the Code of Iowa, and all payments made herein shall be forfeited, and to the extent of the commission it shall be first paid to the agent in full discharge of Seller's obligation for commission to the agent, and the balance, if any, shall be paid to and become the property of the Seller, or the Seller may proceed by any action or actions at law or in equity and the Buyer agrees to pay costs and attorney fees, including the agent's commissions and any other expenses incurred by the Seller, as liquidated damages and a receiver may be appointed and all payments made herein to the extent of the commission shall e first paid to the agent in full discharge of the Seller's obligation for the agent's commission, and the balance, if any, shall be paid to and become the property of the Seller.
10. In the performance of each part of this agreement time shall be of the essence of the contract [bolded].
11. It is agreed that at time of settlement, funds of the purchase price may be used to pay taxes and other liens to comply with the above requirements, same to be handled under the supervision of Beauty Real Estate and subject to approval of buyer's attorney on title questions involved, and needed to produce merchantable title.
12. Seller agrees to pay a loan discount equal to [blank field] percent of the amount of the loan.
13. When accepted this offer shall become a binding contract for the sale and purchase of the above described premises and the Seller shall pay said agent the customary commission. If this offer is not accepted by the Seller on or before Sept. 29, 1969 it shall become null and void and the initial payment shall be repaid to the Buyer without liability on the part of said agent to either party.
[Left column] The foregoing offer is acceptd this 29 day of Sept., 1969.
(Signature of the Seller)
Bruce H Green
G. Margaret Green
[Right column}
If possession it to be given on or before July 1st, Buyer will file for the following exemptions ( [blank field)] HS, ([blank field]) veterans.
(Signature of the Buyer)
Black Cultural Center, Inc. By William M. Bell
Original Format
form, legal size, on pink paper, "Offer to Buy, Uniform, the Multiple Listing Service of the Ames Board of Realtors"
Files
Citation
“Offer to Buy,” ISU Special Collections and University Archives Digital Exhibits , accessed April 19, 2024, https://iastatedigital.org/scuaexhibits/items/show/25.