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PURCHASE AGREEMENT FOR REAL ESTATE <br /> <br />Mooresvitle Christian School. lnc. (Purchaser), offers to purchase from American Baptist <br />Churches of Greater Indianapolis(Sellers), the t'oltox~,mg described real estate and other <br />propem/' located in Morgan CounD', Indiana. commonly known as 1421 State Road 144. <br />Mooresville. Indiana. the legal description of which is: <br /> <br />R~c~rd ,258, ~agm~ 13-i6 in the ~;ffice of :he Recorder of ,~cr~an Coun'.y, Indiama; ~le~t ~' <br />line for ~73.3 f~e~ to the place of beginming, contalni~g 21.43 acres, r~.~re or' less, ~nd subj, <br /> <br />and including all improvements thereon either permanently installed or those being used <br />m connection x~4th the real estate, such as electrical and,or gas fixtures, heating <br />equipment, hot water heaters, storm doors and windows and other fixtures. (all referred <br />to as the "real estate") tbr the purchase price of S550,000-Five Hundred Fifty <br />Thousand and 00/I00 Dollars, subject to the tbllowing terms and conditions: <br /> <br />Payment: <br />1 .tn earnest money deposit of Slt).OI)O shall be tendered to Seller and said deposit shall <br />be applied to the purchase price. The earnest monex shall be immediatelx returned to <br />Purchaser if this off'er is not accepted. <br /> <br />2. The purchase pr/ce less the earnest money deposit shall be paid in cash to the Seller at <br />closing. <br /> <br />Financing: <br /> <br /> <br />