Contract for sale and purchase of real property without buildings

Page 1 of 5

ODOT RE 220-L

CSR

Rev. 03/2013

State

CONTRACT FOR SALE AND PURCHASE OF REAL PROPERTY

WITHOUT BUILDING(S)

PARCEL(S): *List All Parcels*

*CTY-RTE-SEC*

This Agreement is by and between the State of Ohio, Department of Transportation [“Purchaser”]

and *Name of Seller(s)* [“Seller”; “Seller” includes all of the foregoing named persons or entities].

Purchaser and Seller are referred to collectively in this Agreement as “Parties.”

In consideration of the mutual promises, agreements and covenants herein contained the Parties

contract as follows:

1. Price and Consideration

Purchaser shall pay to Seller the sum of $*Amount*, which sum shall constitute the entire amount

of compensation due Seller for: (a) the real property to be conveyed including all fixtures; (b) any and all

damages to any residual lands of Seller; © {Year} {Company name}. (d) any and all supplemental

instruments reasonably necessary to transfer the title of the subject property: and (e) *other items*.

Seller shall be exclusively responsible for all delinquent taxes and assessments, including

penalties and interest, and for all other real estate taxes and assessments that are a lien as of the date on

which this Agreement closes. The taxes and assessments for the current calendar year shall be prorated

on an estimated basis to the date of acquisition of title or date of possession, whichever is earlier in time.

Seller shall be responsible for any and all future installments of any special assessments levied and

assessed against the real property, whether or not any such special assessment has been certified to the

county auditor for collection, provided that such installments of special assessments shall be a lien on the

subject real property as of the date of transfer of title. Purchaser may withhold in escrow a sufficient

amount of the purchase money to satisfy the foregoing items to be paid by Seller; any balance remaining

after such taxes, assessments, etc., are discharged shall be paid to Seller and any deficiency shall be the

responsibility of Seller.

2. Estate Sold and Deed to Transfer

Seller, upon fulfillment of all the obligations and terms of this Agreement, shall sell and convey

to Purchaser, its successors and assigns, the property which is more particularly described in Exhibit A

attached hereto and by this reference incorporated herein, together with all improvements now located

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