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HomeMy WebLinkAboutPeachtree Realtors-8/27/201298-102 Adopted by the Waterloo -Cedar Falls Board of REALTORS® Revised (01/10) Adopted by the Black Hawk County Bar Association 2009 PURCHASE AGREEMENT TO: Kaleen J Hanson altors wa 50704 0 Date August 22nd, 2012 (Seller) FROM: The City of Waterloo IA (Buyer) As joint tenants with full rights of survivorship unless otherwise specified. Buyer offers to bny: 902 Logan Ave, Waterloo, Iowa 50703 plus extra lot to north Legally described as: To Long, see abstract SUBJECT TO RESTRICTIVE COVENANTS, ORDINANCES, AND LIMITED ACCESS PROVISIONS OF RECORD IF ANY, AND TO EXISTING EASEMENTS, IF ANY. The property intended to be covered by the terms hereof shall include all buildings, storage sheds, land, rights, easements, and access necessary or appurtenant thereto and owned by Seller. Included, if now in or on said premises and owned by the Seller, are all fixtures including but not limited to: attached carpeting; window shades; blinds; curtain rods and hardware; lighting fixtures and bulbs; ceiling fans; built-in appliances and accessories; TV tower, antenna, rotor and controls; awnings; door chimes; fireplace grates and irons; mailbox, installed sump pumps; garage door openers and controls; and bushes, shrubs and other vegetation. Also included, if not rentals, are satellite dish, water softener and filtration systems, installed alarm devices, propane tanks and all other fixtures not hereinafter reserved by Seller in writing. RESERVED ITEMS: None FOR THE SUM OF $ THIRTY FIVE THOUSAND DOLLARS and No 100's $35,000.00 Earnest money of $ NO EARNEST to be held in trust by Peachtree Trust Account and the balance in cash to be paid at closing upon performance of Seller's obligations hereunder. Any interest on trust account shall be forwarded to the Iowa Association of REALTORS® Foundation (a charitable non-profit entity), the State of Iowa (if required by law), or as directed and mutually agreed in writing by both Buyer and Seller. Closing to take place on or before Friday , the 28th day of Sept , 2012 Possession to be given to Buyer at closing or by Five (5) AM 0 PM glf Friday the 28th day of Sept , 2012 . Buyer agrees to take possession subject to rights of non -owner occupants now in possession. YES 0 NO Q1. Any rents shall be prorated to date of closing. Seller agrees to deliver to Buyer all existing keys and garage door controls no later than possession. Buyer(s) Page 1 of 4 (Initials) Seller(s) k/Cf( (Initials) 98-102 Property Address 902 Logan Ave, Waterloo, Iowa 50703 plus extra lot to north CHECK THE APPROPRIATE BOX • 1. CASH to be paid at closing. Buyer may have access to property purchased for appraisal; however, this agreement is not contingent upon Buyer obtaining funds. Settlement fee, if any, shall be paid by the Buyer. ❑ 2. FINANCING. This agreement is subject to Buyer obtaining 0 assuming 0 a commitment for a Conventional 0 Insured Conventional 0 FHA 0 VA 0 mortgage loan on said property at an initial interest rate not to exceed % per annum FRM 0 ARM 0 amortized over a period of 30 years. All costs incurred in securing such mortgage shall be paid by the Buyer unless otherwise noted in paragraph 6 herein. Buyer agrees upon acceptance of this agreement to immediately make application for such mortgage loan with a lender and to make a good faith effort to obtain a mortgage commitment and proceed toward closing as above provided Buyer shall obtain such mortgage commitment on or before , 20 . Within this same period. Buyer shall notify Seller, in writing, that Buyer has secured said mortgage commitment and that this contingency is removed. If Buyer, after a good faith effort has not obtained a written mortgage commitment and given such written contingency removal notice within this same time period, this agreement shall be null and void and the earnest money shall be returned to Buyer. ❑ 3. INSTALLMENTS. Earnest money of $ to be held in trust by and $ upon execution of a Uniform Real Estate Contract on or before possession date, in which Buyer agrees to pay the remaining balance of $ at the rate of $ or more, per month, including interest, until the entire purchase price is paid, with interest from date of possession at the rate of % per annum until paid. Such interest is to be computed monthly upon the balance owing at the beginning of each respective interest computation period. Such monthly payments shall commence on the day of , and shall be paid at a place designated by Seller. Any payment delinquent for more than 30 days shall draw interest at % per annum compounded monthly. Notwithstanding the payment provisions herein the outstanding balance of principal and interest shall be paid on or before the day of . If Seller presently has a mortgage or land contract obligation on subject property, Seller may declare this agreement null and void if mortgagee accelerates said mortgage or raises the interest rate thereon to a rate exceeding % per annum, or if the underlying contract prohibits an installment sale. The contract shall be on the terms and conditions of the Black Hawk County Conference REALTORSITh and Lawyers Standard Form 162A revised January 1996, or the legal equivalent thereof. All parties agree to execute and deliver said contract concurrently with delivery of possession or payment of the balance of the down payment, whichever occurs first. Settlement fee, if any, shall be paid by the Buyer. 4. ASSUMPTION/ASSIGNMENT. If this transaction contemplates a mortgage assumption or contract assignment, Buyer may declare this agreement null and void and demand a return of their earnest money if mortgagee accelerates said mortgage or raises the interest rate thereon to a rate exceeding % per annum or if underlying contract is not assignable. This agreement is subject to Seller's release of liability on the existing mortgage or contract Yes () No ( ) to be determined on or before 5. TAXES AND ASSESSMENTS. Seller shall pay NO PRO -RATED OF PROPERTY TAX of the installment of general property taxes on said property which become delinquent if not paid on or before SEPT 31 , 2012 and all prior installments. Buyer shall pay all subsequent installments. If any installment of general property taxes is to be prorated and if such taxes cannot be determined by the date of the settlement thereof, such prorating shall be based on the amount of the last determinable installment, proportionately adjusted by any change in the assessed valuation attributable to capital improvements and which are determinable on the date of settlement. If closing takes place other than the date on the Purchase Agreement, taxes shall be prorated to the revised date of closing. Buyer shall pay the cost of all street oilings which are not liens on the date hereof. Seller shall pay all sewage disposal assessments due and alt special assessments which are liens against said premises on the date thereof, except those for improvements whic i have not been completed and accepted by the City Council on the date thereof, which Buyer will pay. it Buyer(s) Page 2 of 4 (Initials) Seller(s) frac{ (Initials) r 98-192 Property Address 902 Logan Ave, Waterloo, Iowa 50703 plus extra lot to north 6. OTHER TERMS/CONDITIONS THIS PURCHASE AGREEMENT IS SUBJECT TO: A. Buyer is buying property in "AS IS" condition. B. There is NO pro -rating of property tax and buyer to pay property tax due this September 1st, 2012. C. All building materials for the property will remain with the property. D. E. F. 7. CONDITION OF PROPERTY. The property as of the date of this agreement including buildings, grounds, and all improvements will be preserved by Seller in its present condition until possession or closing, whichever occurs first. Seller further represents plumbing, heating, cooling, electrical systems, and appliances included in this Purchase Agreement to be in working order at the time of possession or closing, whichever occurs first, unless otherwise stated on attached Seller Disclosure of Property Condition, written amendments or addendums to this Purchase Agreement or unless otherwise stated in paragraph 6 above, and Buyer shall be permitted to make a "walk through" inspection of the property prior to possession or closing, whichever occurs first to verify the same. Seller agrees to remove all debris and personal property, not included herein, from the premises prior to possession. 8. INSPECTION OF PROPERTY. The Buyer is responsible for making their own inspection of any property for which they make an offer. (It is understood that these provisions are independent of any lender requirements for financing approval.) Within N/A days after the fmal acceptance date of this agreement, Buyer may, at Buyer's sole expense, have the property inspected by a qualified person or persons of Buyer's choice to identify any structural, mechanical, plumbing, electrical, pest infestation, environmental concerns or other deficiency(s). Within this same period, Buyer may notify Seller in writing of any such deficiency the Buyer wants remedied. Failure to do so shall be deemed a waiver of the Buyer's inspection. In the event of any request by Buyer as a result of inspections, Seller shall within three(3) business days after said notification (date of notification does not count) notify the Buyer in writing which steps, if any, Seller will take to remedy any deficiency before closing. The Buyer shall within three (3) business days (date of notification does not count) notify the Seller in writing that (1) such steps are acceptable, in which case, this agreement, so modified, shall be binding upon all parties; or (2) that such steps are not acceptable, in which case this agreement shall be null and void, and any earnest money shall be returned to Buyer. Failure by either Seller or Buyer to give the notification within the three (3) business days as stated above shall render this agreement null and void, and any earnest money shall be returned to Buyer. 9. RISK OF LOSS AND INSURANCE. Seller shall bear the risk of loss or damage to the property prior to closing or possession, whichever occurs first. Seller agrees to maintain existing insurance and Buyer may purchase additional insurance. In the event of substantial damage or destruction prior to closing, the Buyer shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages or to declare this agreement null and void. The property shall be deemed substantially damaged or destroyed if it cannot be repaired to its present condition on or before the closing date. 10. TITLE PAPERS AND ABSTRACT. At the time of the final payment hereunder, the Seller shall convey the premises to the Buyer by warranty deed and shall furnish the Buyer an abstract of title that, in the case of platted property, begins with the recording of the proprietors plat of subdivision, or with root of title, and that shows marketable record title to the premises vested in the Seller as of the date of this agreement between the parties hereto. Within a reasonable time after the execution of this agreement, such abstract, certified to a date subsequent to the date hereof, shall be submitted to the Buyer for examination. Buyer or Buyer's attorney shall either approve the title or point out specific objections. After all valid objections have been satisfied or provided for. Seller shall have no obligation to pay for further abstracting excepting any made necessary by his own affairs. 11. COURT APPROVAL. If the property is an asset of any estate, trust, conservatorship, or receivership, this agreement shall be subject to Court approval, unless declared unnecessary by Buyer's attorney. If necessary, the appropriate fiduciary shall promptly proceed to a hearing for Court approval. In that event a Court Officer's Deed shall be used to convey title. Buyer(s) Page 3 of (Initials) Seller(s) k/661 (Initials) 98-102 Property Address 902 Logan Ave, Waterloo, Iowa 50703 plus extra lot to north 12. SURVEY. Buyer may, at Buyer's sole expense, prior to closing, have the property surveyed and certified by a Registered Land Surveyor. If the survey shows any encroachment on the property or if any improvements located on the property encroaches on lands of others, the encroachment shall be treated as a title defect. If the survey is required under Iowa Code Chapter 354, Seller shall pay the cost thereof. (Chapter 354 applies only to land which has been divided using a metes and bounds description.) 13. RETURN OF EARNEST MONEY. Earnest money submitted as part of the purchase price of the above described property shall be returned to the Buyer in case this agreement is not accepted. Any other release of earnest money shall require informed written consent of all parties to this agreement. 14. REMEDIES OF THE PARTIES. If Buyer or Seller fails to timely fulfill the terms of this agreement, then the other party shall be entitled to utilize any and all remedies or actions at law or in equity which may be available to them (including but not limited to: forfeiture, foreclosure, termination, rescission, or specific performance), and the prevailing party shall further be entitled to obtain judgment for costs and attorney fees. 15. THIS ISA LEGALLY BINDING CONTRACT. This document contains the entire agreement of the parties and supersedes all prior agreements or representations with respect to the property which are not expressly set forth herein. Any modification of this agreement must be in writing and signed and dated by all parties. TIME IS OF THE ESSENCE in the performance of each part of this agreement. If not understood, consult your attorney. 16. ADDENDUMS ATTACHED TO THIS OFFER INCLUDE: SPECIFIC PROPERTY AGENCY DISCLOSURE AGREEMENT SELLER DISCLOSURE OF PROPERTY CONDITION YES IO NO 0 NOT APPLICABLE 0 LEAD BASE PAINT DISCLOSURE YES 0 NO 0 NOT APPLICABLE 0 17. NOTICE AND COUNTERPARTS. Any notice required under this agreement shall be deemed given when it is received in writing either by hand delivery, fax, return receipt requested mail, or electronic mail. Persons designated for receipt of any notice for the purpose of this agreement shall be the Seller and Buyer or their respective agents. A signed copy of this agreement, counteroffers, and all addendums or amendments to this agreement shall, taken together, constitute a single binding agreement. 18. ACCEPTANCE DATE. When accepted by the Seller, this agreement shall become a binding agreement for the sale of the above described property. If this agreement is not accepted by the Seiler on or before Sept 25th , 2012 , it shall become null and void and the earnest money shall be returned to the Buyer without liability on the part of either party. �^ 19. SELLER HEREBY ACCEPTS 0 COUNTERS 0 the above agreement on ? , `1J< ,-„,g71( w(9— , . If Seller has made a counteroffer by changing and initialing any terms, the cteroffer shall become null and void unless accepted and initialed by Buyer on or before If Buyer has made a counteroffer by changing and initialing any terms, the counteroffer shall become null and void unless accepted and ialed bySelle on or before BUYER City of Waterloo SELLER Kaleen Hanson BUYER SELLER ADDRESS ADDRESS William Sires / Peachtree Realtors PRINT NAME OF SELLING LICENSEE/BROKERAGE COMPANY William Sires / Peachtree Realtors PRINT NAME OF LISTING LICENSEEBROKERAGE COMPANY FINAL ACCEPTANCE DATE: This form has been made available by the Waterloo -Cedar Falls Board of REALTORS for the convenience of its Brokers and their clients and customers and has been copyrighted by Waterloo -Cedar Falls Board of REALTORS® which makes no warranty of the legal effectiveness of this form and disclaims any liability for damages resulting from its use. 13y use of this form the parties agree to this limitation and release the Waterloo -Cedar Falls Board of REALTORS® and all Brokers, agents, and subagents, from any liability arising out of its use. This form shall not be reproduced, in whole or in part, without the prior written consent of the Waterloo -Cedar Falls Board of REALTORS.® Page 4 of 4 98-103 Adopted by the Waterloo -Cedar Falls Board of REALTORS® (Revised 12/09) SELLER DISCLOSURE OF PROPERTY CONDITION PROPERTY ADDRESS 902 LOGAN AVE. WATERLOO, IOWA 50703 t 4 ERl2Ori OWNERS NAME(S). PLEASE PRINT KALEEN HANSON PURPOSE OF STATEMENT: The State of Iowa requires the Seller(s) of certian property to disclose information about the property to be sold. Completion of this form shall satisfy the requirements of Chapter 558A of Iowa Code which mandates the Seller's(s) disclosure of the condition of and information about the property the Seller(s) is about to sell. THIS STATEMENT SHALL NOT BE A WARRANTY OF ANY KIND BY THE SELLER(S) OR SELLER'S(S) AGENT AND SHALL NOT BE INTENDED AS A SUBSTITUTE FOR ANY INSPECTION OR HOME WARRANTY INSURANCE THE PURCHASER MAY WISH TO OBTAIN. SELLER'S(S) DISCLOSURE: As Seller(s), I/We disclose the following information regarding the property and certify that this information is true and accurate to the best of my/our knowledge as of the date signed. Seller(s) authorizes the agent to provide a copy of this statement to any person or entity in connection with actual or anticipated sale of the property or as otherwise provided by law. The following are representations made by Seller(s) and are not the representations of the Licensee, who has no knowledge of the condition of the property and Seller(s) agrees to indemnify and hold licensee harmless. INSTRUCTIONS TO SELLER(S): (1) Respond to all questions or attach reports allowed by Iowa Code Section 558A.4 (2). (2) Disclose all known conditions materially affecting this property. (3) If an item does not apply to this property, indicate it is not applicable (NA). (4)Additional pages or reports may be attached. (5) If the required information is unknown or is unavailable following a reasonable effort, use an approximation of the information, or indicate that the information is unknown (UNK). All approximations must be identified as (AP). ALL APPLIANCES & SYSTEMS INCLUDED IN THE TRANSACTION ARE IN WORKING ORDER EXCEPT AS NOTED. Item Good Working Order? Comments Alarm System (Built In) NA VI Yes ❑ No 0 Unk 0 Attic Fan NA Ql Yes ❑ No 0 Unk Central Vac System NA I71 Yes 0 No 0 Unk 0 Ceiling Fan NA ch Yes 0 No 0 Unk 0 Dishwasher (Built In) NA @I Yes 0 No 0 Unk ❑ Fumace Humidifier NA la Yes ❑ No 0 Unk ❑ Garage Door Opener NA gi Yes 0 No 0 Unk 0 Number of Remote Controls: Garbage Disposal NA IZ Yes ❑ No 0 Unk Gas Grill (Built In) NA la Yes 0 No 0 Unk 0 Hood/Fan NA (11 Yes ❑ No 0 Unk 0 Hot Tub (Built In) NA la Yes 0 No 0 Unk 0 Intercom (Built In) NA cd Yes 0 No 0 Unk ❑ Lawn Sprinkler System NA La Yes 0 No ❑ Unk 0 Microwave (Built In) NA IZI Yes 0 No 0 Unk ■ Pool System NA pj Yes ❑ No 0 Unk 0 Range/Oven (Built In) NA pj Yes 0 No 0 Unk Refrigerator (Built In) NA gi Yes ❑ No ❑ Unk r Satellite Dish System NA cif Yes ❑ No 0 Unk 0 Sauna (Built In) NA pj Yes 0 No ❑ Unk 0 Smoke Alarm NA RI Yes 0 No 0 Unk Solar Heating System NA gi Yes 0 No 0 Unk 0 Sound System (Built In) NA pl Yes ❑ No 0 Unk Sump Pump (Built In) NA Qj Yes 0 No ❑ Unk 0 Trash Compactor (Built In) NA 0 Yes 0 No 0 Unk 0 Water Filtration System NA Qj Yes 0 No 0 Unk ❑ Rented 0 Owned 0 Water Heater NA 0 Yes gf No 0 Unk 0 Water Softener NA R Yes 0 No 0 Unk 0 Rented ❑ Owned 0 Whirlpool Tub NA 21 Yes 0 No 0 Unk 0 Other NA 0 Yes 0 No 0 Unk 0 Page 1 of 3 98-103 (Revised 12/09) PROPERTY ADDRESS 902 LOGAN AVE. WATERLOO, IOWA 50703 PROPERTY CONDITIONS, IMPROVEMENTS AND ADDITIONAL INFORMATION: ?EALSOR' 1. BASEMENT / CRAWL SPACE / SLAB: Any known water, seepage or other problems? Describe: Repairs/ Replacement/ Date: Yes❑ No ❑ Unk{j 2. FOUNDATION(S): Any known foundation damage or settlement? Describe: Appears to be existing settling on south side of the house. Repairs/ Replacement/ Date: Yesfil No ❑ Unk❑ 3. ROOF: Any known problems? Describe: Repairs/ Replacement/ Date: Yes❑ No ❑ Unkpj 4. WELL WATER SYSTEM: Any known problems? Describe: CITY WATER - NEVER USED IT Yes❑ No ❑ Unica Type of Well Location Age Has the water been tested? Yes No 0 Unk❑ If yes, date of last report and results: Any known plans to bring city or rural water to your area and/or requirements to connect to city or rural water lines when available? Yes❑ No 0 Unk❑ 5. CITY SEWER/SEPTIC TANKS/DRAIN FIELDS/OTHER DISPOSAL SYSTEM: Any known problems? Yes 0 No 0 Unkia Describe: NEVER USED IT Septic System: Has the septic system been inspected by DNR certified Inspector? Yes❑ No ❑ Unk❑ Date of Inspection: Certified Inspector name: Has septic System been pumped? Yes ❑ No 0 Unknown 0 Date last pumped Repairs)/replacement date: Describe Yes No ❑ Unk❑ Any known plans to bring city sewer to your area and/or requirements to connect to city sewer? 6. HEATING SYSTEM(S): Any known problems? Yes No ❑ Unk0 Describe: Repairs/ Replacement/ Date: If you have an LP gas tank, is it rented [)or owned ['Comments: 7. CENTRAL COOLING SYSTEM(S): Any known problems? Describe: Repairs/ Replacement/ Date: Yes❑ No ❑ UnkQ) 8. FIREPLACE(S) / WOOD BURNING STOVE(S): Any known problems? Yes❑ No 0 Unk( Describe: NEVER USED IT Date last used: Repairs/ Replacement/ Date: 9. PLUMBING SYSTEM(S): Any known problems? Yes❑ No 0 Unkg) Describe: NEVER USED IT Repairs/ Replacement/ Date: 10. ELECTRICAL SYSTEM(S): Any known problems? Describe: Repairs/ Replacement/ Date: Yes ❑ No ❑ Unkr2) 11. WINDOWS: Any known problems? Yes❑ No Unk❑ Describe: Repairs/ Replacement/ Date: 12. PEST INFESTATION: Any known problems? Yes❑ No 0 Unk{Q Describe: Repairs/ Treatment/ Date: 13. ASBESTOS: Any known asbestos present? Vest] No 0 Unk Describe: Removal/ Remediation/ Date: 14. RADON: Any known test(s) for the presence of radon gas? Yes❑ No ❑ Unk( If yes, test results/ Date: Mitigation/ Date: In the event Buyer test(s) for Radon, Seller agrees to release testing results to Buyer. Yes ❑ No 15. FUNGI/MOLD: Any known fungus or mold? Yes❑ No 0 Unk0 Describe: Removal/ Remediation/ Date: Page 2 of 3 Address: DISCLOSURE OF INFORMATION AND ACKNOWLEDGMENT: LEAD-BASED PAINT AND/OR LEAD-BASED PAINT HAZARDS 902 LOGAN AVE, WATERLOO, IOWA 50703 Lead Warning Statement Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller's possession and notify the buyer of any known lead-based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended prior to purchase. SELLER'S DISCLOSURE (initial) 4 e -if (a) Presence of lead-based paint and/or lead-based paint hazards (check one below): ❑ Known lead-based paint and/or lead-based paint hazards are present in the housing (explain). /Z/66152 Seller has no knowledge of lead-based paint and/or lead-based paint hazards in the housing. (b)Records and reports available to the Seller (check one below): ❑ Seller has provided the Purchaser with all available records and reports pertaining to lead-based paint and/or lead-based paint hazards in the housing (list documents below). Seller has no reports or records pertaining to lead-based paint and/or lead-based paint hazards in the housing. PURCHASER'S ACKNOWLEDGEMENT (initial) (c) ❑ Purchaser has received copies of all information listed above. or, ❑ No records or reports were available. (d) Purchaser has received the pamphlet Protect Your Family from Lead in Your Home, Lead Poisoning: How to Protect Iowa Families, or a similarly approved booklet. (e) Purchaser has (check one below): ❑ Received a 10 -day opportunity (or mutually agreed upon period) to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards; or ❑ Waived the opportunity to conduct a risk assessment or inspection for the presence of lead based paint and/or lead-based paint hazards. AGENT'S ACKNOWLEDGEMENT (initial) (us. (t) Agent has informed the Seller of the Seller's obligations under 42 U.S.C. 4852(d) and is aware of his/her responsibility to ensure compliance. CERTIFICATE OF ACCURACY The following parties have reviewed the information above and certify, to the best of their knowledge, that the information provided by the signatory is true and accurate: Seller Kaleen Hanson Seller William Sires Seller's Agent © Copyright September 2004 THE IOWA ASSOCIATION OF REALTORS® 7'1 qA7 10-6/(2— Date Purchaser Date Date Purchaser Date Date Purchaser's Agent Date 98-103 (Revised 12/09) PROPERTY ADDRESS 902 LOGAN AVE. WATERLOO, IOWA 50703 16. GROUNDWATER HAZARD STATEMENT will be filed by the Seller(s) at closing regarding the following items: 1. Wells, 2. Solid waste disposal, 3. Hazardous waste, 4. Underground storage tanks, 5. Private burial site. Describe / Location: NONE 17. COVENANTS: Is the property subject to restrictive covenants? If yes, attach a copy or state where a true, current copy of the covenants can be obtained. Yes ❑ No ❑ Unk 18: ENVIRONMENTAL CONCERNS: Any known environmental concerns? Describe: Yes ❑ No ❑ Unk0 19. FLOOD PLAIN/FLOODWAY: Is the property located in a flood plain or floodway? Flood plain/floodway designation: 20. ZONING: Zoning of this property is: R-2 Any proposed changes in zoning, including variances? Describe: 21. REAL ESTATE DISTRICT: Is the property located in a Real Estate Improvement District? Is the property located in a Historical Preservation District? 22. OTHER ITEMS: Are you aware of any of the following: 1. Any known features of the property shared in common with adjoining landowners (Example: walks, fences, roads, driveways, well water system, etc.) whose use or responsibility for maintenance may have an effect on the property? Describe: 2. Any known encroachments, easements, common areas (Example: facilities like pools, tennis courts, walkways or other areas co -owned with others), zoning violations, non conforming uses, or homeowners association which has any authority over the property? Describe: 3. Any known fees and/or dues? (Example: homeowner association fees, land lease fees, maintenance fees or other financial obligations to owner?) Describe fee and state amount: 4. Any known structural modifications, alterations, or repairs, etc. made without necessary permits or licensed contractors? Describe: 5. Any known physical problems? (Example: settling, flooding, drainage or grading problems, etc.) Describe: Appears to be existing settling on one side of the house. 6. Any known major damage to the property? (Example: fire, wind, floods, landslides, etc.) Describe: Yes❑ No p1 Unk❑ Unk❑ Yes❑ No 0 Unk❑ Yes ❑ No Unk❑ Yes Q( No ❑ Unk❑ Yes ❑ No 0 Unk❑ Yes ❑ No Q( Unk ❑ Yes❑ No Unk❑ Yes ❑ Yes 0 Yes ❑ No 121 No ❑ No 0 Unk❑ Unk❑ Unk ADDITIONAL REMARKS: BEST TO HAVE PROFESSIONAL HOUSE INSPECTION IF YOU ARE UNABLE TO MAKE AN INFORMED SELF INSPECTION. In no event shall the parties hold the Licenee(s) liable for any representations not directly made by the Seller's(s) Agent or Broker. SELLER(S) DISCLOSURE: THE SELLER(S) HAS OWNED THE PROPERTY SINCE 08/19/2003 (DATE). The Seller(s) has stated above the history and condition of all of the items based solely on the information known to the Seller(s). IN THE EVENT ANY CHANGES OCCUR IN THE REPRESENTATIONS HEREIN, FROM THE DATE OF THIS FORM TO THE TIME OF CLOSING, SELLER(S) SHALL IMMEDIATELY DISCLOSE SUCH CHANGES IN WRITING TO BUYER(S). Seller(s) acknowledges requirement that Buyer(s) be provided with the "Iowa Radon Home -Buyers and Sellers Fact Sheet" prepared by the Iowa Department of Public Health. Seller Kaleen Hanson Date Seller Date BUYER(S) ACKNOWLEDGEMENT: Buyer(s) acknowledge receipt of a copy of this Seller Disclosure of Property Condition. This statement is not intended to be a warranty or to substitiue for any inspection Buyer(s) may wish to obtain. Buyer(s) ackn ledge receip of the "Iowa Radon Home -Buyers and Sellers Fact Sheet" prepared by the Iowa Department of Public He 6-27-11 Buyer Page 3 of 3 Date Buyer Date Return Document To: City of Waterloo 715 Mulberry Stret, Waterloo, IA 50703 Preparer Information: Larry L. Anfinson, 726 West Fourth Street, Waterloo, IA 50702, (319) 235-9507 Address Tax Statement: City of Waterloo 715 Mulberry Street, Waterloo, IA 50703 WARRANTY DEED For the consideration of One ($1.00) Dollar(s) and other valuable consideration, Kaleen J. Hanson and Bruce Hanson, wife and husband, do hereby Convey to City of Waterloo, Iowa the following described real estate in Black Hawk County, Iowa: Lot No. Sixty-three (63); The South Fifty (50) feet of the East Fifty-three (53) feet of Lot No. Sixty-two (62); and Lot No. Sixty-four (64) all in Auditor Rainbow's Plat of Bicksler's Addition (vacated) and adjoining property unplatted, in the City of Waterloo, Iowa, except that part of said Lot No. Sixty-four (64) deeded to the City of Waterloo, Iowa, recorded in Deed Record 438, Page 515 in the office of the Recorder of Black Hawk County, Iowa. Grantors do Hereby Covenant with grantees, and successors in interest, that grantors hold the real estate by title in fee simple; that they have good and lawful authority to sell and Convey the real estate; that the real estate is free and clear of all liens and encumbrances except as may be above stated; and grantors Covenant to Warrant and Defend the real estate against the lawful claims of all persons except as may be above stated. Each of the undersigned hereby relinquishes all rights of dower, homestead and distributive share in and to the real estate. Words and phrases herein, including acknowledgment hereof, shall be construed as in the singular or plural number, and as masculine or feminine gender, according to the context. Dated: September 2012 aaeen J. Hanson Brh.ce-lanson STATE OF IOWA, COUNTY OF BLACK HAWK This instrument was acknowledges:1.1;0°re me on Septemberf , 2012, by Kaleen J. Hanson and Bruce Hanson, wife and;'iisbasn C. ry Public in and for the te of Iowa