Loading...
HomeMy WebLinkAboutOrdinance #4529 - Purchase of 209 E. Chestnut STATE OF ILLINOIS) ) SS. COUNTY OF FULTON) CERTIFICATE I, Andi Smith-Walters, certify that I am the duly elected City Clerk of the CITY OF CANTON, FULTON COUNTY, ILLINOIS. I further certify that on February 17. 2026. the City Council of such municipality passed and approved Ordinance #4529 entitled: AN ORDINANCE AUTHORIZING THE PURCHASE OF REAL ESTATE LOCATED AT OR ABOUT 209 E. CHESTNUT,CANTON,IL 61520 The ordinance attached is a true and correct copy of the ordinance adopted by Canton City Council. DATED AT CANTON, ILLINOIS, THIS 17TH DAY OF February, 2026 Seal ,('� Z,(J& di Smith-Walters, City Clerk ity of Canton, Illinois ORDINANCE NO. 4529 AN ORDINANCE AUTHORIZING THE PURCHASE OF REAL ESTATE LOCATED AT OR ABOUT 209 E. CHESTNUT,CANTON,IL 61520 WHEREAS,the City of Canton, Fulton County, Illinois("City"), is a non-home rule unit of government; WHEREAS, Section 11-61-3 of the Illinois Municipal Code (65 ILCS 5/11-61-3) provides, in part: The corporate authorities of each municipality having a population of less than 1,000,000 inhabitants shall have the express power to purchase or lease either real estate or personal property for public purposes through contracts which provide for the consideration for such purchase or lease to be paid through installments to be made at stated intervals during a certain period of time,but, in no case, shall such contracts provide for the consideration to be paid during a period of time in excess of 20 years nor shall such contracts provide for the payment of interest at a rate of more than that permitted in"An Act to authorize public corporations to issue bonds,other evidences of indebtedness and tax anticipation warrants subject to interest rate limitations set forth therein", approved May 26, 1970, as amended. The indebtedness incurred under this Section when aggregated with existing indebtedness may not exceed the debt limits provided in Division 5 of Article 8 of this Code; WHEREAS, the corporate authorities desire to acquire certain real estate located at 209 E. Chestnut Street, Canton, IL 61520 (P.I.N. 09-08-27-431-007) (the Property") from Ralph P. Sedgwick,not individually,but as Trustee of the Ralph P. Sedgwick Trust,dated January 27,2012, and any others owning an interest in the Property (collectively, "Sedgwick"); WHEREAS,the corporate authorities of the City have determined that it is necessary and in the best interest of the City to purchase the Property. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CANTON,FULTON COUNTY, ILLINOIS AS FOLLOWS: 1. That the City hereby finds as fact the recitals set forth above and incorporates said recitals herein as though fully set forth. 2. The Mayor, on behalf of the City, is hereby authorized to purchase the Property for a purchase price not to exceed $200,000.00 (plus all necessary or reasonable closing costs, settlement fees, recording fees, and other costs or expenses related to closing) and to execute and deliver any and all purchase agreements, closing documents, or other documents necessary in order to accomplish same. 3. The Agreement for Purchase and Sale of Real Property (the "Purchase Agreement"), substantially as attached hereto as "Exhibit A," is APPROVED. The Mayor is authorized to negotiate any terms of the Purchase Agreement and execute the Purchase Agreement, provided that the purchase price shall be no more than$200,000.00 (plus all necessary or Page 1 of 2 reasonable closing costs,settlement fees,recording fees,and other costs or expenses related to closing). 4. Prior to closing, the Mayor, or his designee, is further authorized to order any additional due diligence related to the Property, not to exceed $10,000.00. 5. This Ordinance shall be in full force and effective immediately upon its passage by the City Council of the City of Canton and approval by the Mayor thereof. PASSED AND APPROVED THIS 17th day of February, 2026. AYES: _Alderperson Chamberlin, Grimm, Lovell, Hale, Pickel, Ketcham, Gossett NAYS: None ABSENT: Alderperson Nelson APPRO ED: By: Kent McDo , Mayor Z ATTEST: 1 Andrea J. mith-Walters, City Clerk Page 2 of 2 EXHIBIT A Agreement for Purchase and Sale of Real Property 3 AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY THIS AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY (this "Agreement") is made and entered into as of February 20, 2026 ("Effective Date"), by and between the City of Canton, an Illinois municipal corporation ("Purchaser"), and Ralph P. Sedgwick,not individually, but as Trustee of the Ralph P. Sedgwick Trust,dated January 27,2012 ("Seller"; and together with Purchaser, collectively,the"Parties"). WHEREAS, Purchaser desires to purchase real property, improvements, fixtures, and appurtenances thereto belonging and certain personal property described in Section 1 below, and in connection therewith, Seller and Purchaser desire to enter into this Agreement to set forth the terms and conditions of such purchase and sale. NOW, THEREFORE, in consideration of the mutual promises, covenants and conditions contained in this Agreement and other good and valuable consideration,the receipt and sufficiency of which are acknowledged, the parties agree as follows: 1. Sale Agreement. 1.1 Subject to the terms and conditions hereinafter set forth, Seller agrees to sell and convey and Purchaser agrees to purchase the following: 1.1.1 the certain tracts or parcels of land located at 209 E. Chestnut Street, Canton, IL 61520 (P.I.N. 09-08-27-431-007), more particularly described on Exhibit A attached hereto and made a part hereof(the"Land"),together with all and singular the rights and appurtenances pertaining to such property, including any right, title and interest of Seller, if any, in and to minerals, adjacent streets, alleys or rights-of-way; 1.1.2 the buildings and other improvements on the Land (the "Improvements") (the Land and Improvements may hereinafter collectively be referred to as the "Real Property"); 1.1.3 the personal property and all rights thereto listed in Exhibit B(the"Personal Property"). 1.2 Seller shall convey merchantable title to the above-described property to Purchaser by (1) a general warranty deed conveying the Real Property, free and clear of all liens and encumbrances, and not subject to any easements, covenants, restrictions, dedications or rights of way, or other matters affecting title to the Real Property or use of the Real Property, except for those title exceptions accepted by Purchaser pursuant to Sections 3.1 and 3.2 of this Agreement (the"Permitted Exceptions"); and(2) a Bill of Sale conveying the Personal Property to Purchaser (or its designee) free and clear of all liens and encumbrances(if any). 1 2. Purchase Price. The purchase price of the Real Property ("Purchase Price") shall be Two Hundred Thousand and No/100 Dollars ($200,000.00), to be paid by Purchaser to Seller at Closing, plus or minus credits and prorations provided for in this Agreement, in cash or by certified, cashier's or escrowee check or bank wire transfer of collected federal funds. Prior to or at Closing,the Seller and Purchaser shall mutually agree upon the allocation of the Purchase Price to the Real Property and Personal Property (if any). In the event the parties are unable to agree upon said allocation, the Purchaser's accountant shall establish the allocation of the Purchase Price for the Real Property and Personal Property, respectively. 3. Conditions Precedent- Purchaser. Purchaser's obligations under this Agreement shall be subject to the conditions precedent identified in this Section being satisfied to the reasonable satisfaction of Purchaser, in Purchaser's sole discretion(or waived by Purchaser in writing). If all of the conditions set forth in this Section are not satisfied(or waived by Purchaser in writing)on or before sixty(60)days from the Effective Date,or the earlier or later date identified with respect to each specific condition precedent below, or Purchaser elects to terminate this Agreement for any other reason on or before sixty (60) days of the Effective Date (collectively, the "Due Diligence Period"), then Purchaser may terminate this Agreement and obtain an immediate return of the Earnest Money (if any). In the event of any termination,the parties shall have no further rights or liability under this Agreement. 3.1. Title Commitment and Policy. If not already issued at the time of this Agreement, Seller, at Seller's sole cost and expense, shall have fifteen (15) days from the Effective Date to provide Purchaser with a title commitment ("Title Commitment") for the most current ALTA form Owner's Title Insurance Policy ("Title Policy"), issued by Advocus National Title Insurance Company (through McCarthy & Jackson, LLC) ("Title Insurer"), covering the Real Property in the amount of the Purchase Price showing merchantable record title to the Real Property to be in Seller. At Closing,Seller shall cause Title Insurer to issue the Title Policy to Purchaser (in accordance with the Title Commitment provided for in this Section 3.1), with all general exceptions deleted or endorsed over (including without limitation possession, encroachments, overlaps, boundary line disputes, matters of survey, easements, mechanic liens and taxes or special assessments not shown as existing by the public records exceptions), subject only to the Permitted Exceptions and other matters approved or waived in writing by Purchaser. 3.1.1. Objections to Title of Record. Within fifteen (15) days after Purchaser's receipt of the aforesaid Title Commitment, Purchaser shall furnish to Seller written notification of any objections to or defects in title of record set forth in the Title Commitment. If Purchaser fails to give said notice within said fifteen (15) day period, Purchaser shall be deemed to have accepted all matters then affecting title to the Real Property set forth in the Title Commitment. If Purchaser does give said notice, Purchaser shall be deemed to have accepted all matters set forth in the Title Commitment not set forth in the notice (provided Purchaser shall not be deemed to have waived any general exceptions). After receipt of said notice, 2 Seller shall have the right, at its election, to endeavor to cure such objections to or defects in title set forth in the notice and shall notify Purchaser of such election within ten(10) days. If Seller does elect to endeavor to cure such objections to or defects in title, it shall promptly commence and diligently pursue efforts to cure such objections. 3.1.2. Failure to Cure Objections. In the event Seller fails to cure Purchaser's objections to or defects in title within twenty (20) days of receiving notice of such objections to or defects in title, or if Seller shall determine that its efforts to cure will not be successful, Purchaser may either (i) waive such title objections to or defects in title and proceed with closing hereunder or(ii)terminate this Agreement as provided herein and obtain an immediate return of the Earnest Money. 3.2. ALTA Survey. Purchaser, at Purchaser's sole cost and expense, shall be permitted to obtain a current ALTA survey of the Real Property ("ALTA Survey"),to be certified by a professional surveyor licensed by the State of Illinois to Purchaser and Title Insurer (and other parties designated by Purchaser) and prepared in accordance with the standard for Land Title Surveys and the American Congress of Surveying and Mapping Class A survey, setting forth the legal description and street address of the Real Property and showing all buildings and other improvements (including fences) located on the Real Property,the number of stories in such buildings,easements(visible or recorded),building lines,curb cuts,party walls(if any),parking,sewage,water,electricity,gas and other utility facilities(together with recording information concerning the documents creating any such easements and building lines), roads and other rights-of-way and means of physical and record ingress and egress to and from the Real Property by public roads (including the dimension of abutting streets) and the net (after deduction of land dedicated or used or subject to easements for roads, highways, fire lanes, utilities, storm drains or any other public purpose) and gross area of the land included in the Real Property, and spotting improvements on adjoining property which are within five (5) feet of the property lines of the Real Property. In exercising this right, Purchaser, its surveyor or other agents shall be permitted to enter the Real Property in accordance with the provisions of Section 3.7 of this Agreement to conduct such survey as Purchaser, in its discretion, determines to be necessary. Alternatively, Purchaser, at Purchaser's sole cost and expense, shall also be permitted to obtain a current boundary survey of the Real Property ("Boundary Survey"), to be certified by a professional surveyor licensed by the State of Illinois to Purchaser. The ALTA Survey and/or Boundary Survey may collectively be referred to as the "Survey." 3.2.1. Objections to Title of Record. Within fifteen (15) days after Purchaser's receipt of the Survey, Purchaser shall furnish to Seller written notification of any objections to or defects set forth in title or the Survey. If Purchaser fails to give said notice within said fifteen (15) day period, Purchaser shall be deemed to have accepted all matters then affecting title to the Real Property set forth in the Survey (except those matters that were also identified in the Title Commitment and to which Purchaser has previously objected). If Purchaser does give said notice,Purchaser shall be deemed to have accepted all matters set forth in 3 the Survey not set forth in the notice(except those matters that were also identified in the Title Commitment and to which Purchaser has previously objected). After receipt of said notice, Seller shall have the right, at its election,to endeavor to cure such objections to or defects in title or the Survey set forth therein and shall notify Purchaser of such election within ten(10)days. If Seller does elect to endeavor to cure such objections to or defects in title or the Survey,it shall promptly commence and diligently pursue efforts to cure such objections. 3.2.2. Failure to Cure Objections. In the event Seller fails to cure Purchaser's objections to or defects in the Survey or title set forth in the Survey within twenty (20) days of receiving notice of such objections to or defects, or if Seller shall determine that its efforts to cure will not be successful, Purchaser may either(i) waive such title objections to or defects in title or the Survey and proceed with closing hereunder or (ii) terminate this Agreement as provided herein and obtain an immediate return of the Earnest Money. 3.3. Environmental Audit. Purchaser, at Purchaser's sole cost and expense, shall be permitted to conduct an environmental audit of the Real Property. Purchaser or its engineer or other agents shall be permitted to enter the Real Property in accordance with the provisions of Section 3.7 of this Agreement to conduct such samplings and tests of the surface, subsurface and improvements as Purchaser, in its discretion, determines to be necessary.At any time prior to Closing,Purchaser may (i)waive any environmental issues set forth in the environmental audit(or reports generated thereby)and proceed with closing hereunder;(ii)terminate this Agreement as provided herein and obtain an immediate return of the Earnest Money; or(iii)extend Closing to a date reasonably necessary for Purchaser to complete its environmental audit(including the review of any reports generated thereby) and determine whether it desires to proceed with closing or terminate this Agreement as provided herein and obtain an immediate return of the Earnest Money. 3.4. Appraisal. Purchaser, at Purchaser's sole cost and expense, shall be permitted to obtain an appraisal of the Real Property. Purchaser or its appraiser or other agents shall be permitted to enter the Real Property in accordance with the provisions of Section 3.7 of this Agreement to conduct such inspections as Purchaser, in its discretion, determined to be necessary. Notwithstanding the foregoing, nothing in this Section 3.4 shall affect the purchase price in the event the appraisal obtained by Purchaser under this Section 3.4 is less than the purchase price. 3.5 Financing. Intentionally Omitted. 3.6 Zonin /g_Approvals. Intentionally Omitted. 3.7. Inspection. Purchaser, its employees, agents, representatives and independent contractors shall have the right to enter upon the Real Property at any reasonable time during normal business hours and make all tests or inspections of the Real Property(whether within or without the building or improvements)that they desire to make at Purchaser's sole cost and expense. Such tests and inspections shall not unreasonably 4 interfere with Seller's business operations.Purchaser shall forever fully protect,defend and hold the Seller harmless from all reasonable losses, costs, damages, attorneys' fees and expenses of every kind and nature whatsoever which the Seller may suffer,expend or incur and which arise out of, relate to, or are in any way connected with the Purchaser's due diligence activities pursuant to this Section 3.7. Further, the Purchaser shall, within seven (7) days of recordation, pay and discharge of record or bond over all mechanics' and materialmen's liens which arise out of, relate to, or are in any way connected with the Purchaser's due diligence activities. 3.8. Additional Due Diligence Materials. Within ten (10) business days of the Effective Date, Seller shall tender to Purchaser any and all prior title commitments or policies,surveys,environmental reports,zoning reports, studies,reports,plans,foreclosure documents,and leases and/or contracts related to or affecting the Real Property("Prior Due Diligence Materials") in Seller's possession or control. 4. Closing. The purchase of the Real Property shall be consummated as follows: 4.1. Closing Date. Unless otherwise agreed to in writing or extended pursuant to the terms of this Agreement, the closing (the "Closing") shall take place on or before March 13, 2026 (the "Closing Date" or "Date of Closing"). Notwithstanding the foregoing, Purchaser reserves the right to unilaterally extend the Closing Date to a date no more than fourteen(14)days after the expiration date of the Due Diligence Period. 4.2. Seller's Deliveries. At Closing, Seller shall deliver to Purchaser the following: 4.2.1. Deed. Executed general warranty deed to the Real Property (in the form required by Section 1 of this Agreement) prepared by Seller and in a form reasonably acceptable to Purchaser. 4.2.2. Evidence of Authorization. Evidence satisfactory to Purchaser and Title Insurer that Seller is authorized to execute this Agreement and proceed with the transactions provided for in this Agreement. 4.2.3. Title Policy. The Title Policy provided for in Section 3.1 of this Agreement. 4.2.4 Termination of Leases and Other Agreements. Fully executed terminations of any leases, service contracts, and/or other agreements affecting the Real Property, if any. 4.2.5 FIRPTA Statement. Fully executed FIRPTA statement / affidavit in form satisfactory to Purchaser. 4.2.6 Other Documents. Such other documents, instruments, certifications and confirmations as may be reasonably required by Purchaser or 5 Title Insurer to fully effect and consummate the transactions contemplated by this Agreement. 4.3. Purchaser's Deliveries. At Closing, Purchaser shall deliver to Seller the following: 4.3.1. Purchase Price. The Purchase Price as set forth in Section 2 of this Agreement, reduced by the Earnest Money, plus or minus prorations provided for in this Agreement. 4.3.2. Evidence of Authorization. Evidence satisfactory to Seller and Title Insurer that Purchaser is authorized to execute this Agreement and proceed with the transactions provided for in this Agreement. 4.3.3. Other Documents. Such other documents, instruments, certifications and confirmations as may reasonably be required by Seller or Title Insurer to fully effect and consummate the transactions contemplated by this Agreement. 4.4. Joint Deliveries. At Closing, Seller and Purchaser shall jointly deliver to each other the following: 4.4.1. Closing Statement: An agreed-upon closing statement. 4.4.2. Transfer Tax Filings. Executed documents complying with the provisions of all federal,state,county,and local law applicable to the determination of transfer taxes. 4.4.3. ALTA Statement. If required by Title Insurer, an ALTA Statement in the form required by Title Insurer. 4.5. Possession. Sole and exclusive possession of the Real Property shall be delivered to Purchaser on the Closing Date. 4.6. Property Taxes. 4.6.1. Payments by Seller. All installments of real property taxes on the Real Property which are due and owning on or prior to the Closing Date shall be paid by Seller prior to or at Closing. 4.6.2. Credits to Purchaser. Purchaser shall receive a credit against the Purchase Price for all installments of real property taxes on the Real Property for the calendar year immediately preceding the Closing Date which are not yet due and owning as of the Closing Date. If the tax bill for the calendar year immediately preceding the Closing Date is not yet available, then the credit shall be computed on 110% of the latest available assessment. Real property taxes for the calendar 6 year of the Closing shall be prorated from January 1 of such calendar year to the Closing Date based on 110%of the latest available assessment,and Purchaser shall receive an additional credit against the Purchase Price for the amount so calculated. 4.7. Closing Costs. Seller shall pay the following costs: Seller's attorney's fees, the insurance premium for the title policy issued pursuant to the commitment for title insurance required by Section 3.1 of this Agreement,brokerage commissions or consultant fees set forth in Section 4.8 of this Agreement(if any), any county and state transfer taxes or sales taxes,and the cost of documentary stamps. Purchaser shall pay the following costs: Purchaser's attorney's fees, fees incurred in preparation of the Survey, fees incurred in performing due diligence, any city transfer or sales taxes (if any), and recording fees for recording the deed. Except as otherwise provided in this Agreement, Seller and Purchaser shall share equally any costs charged by the Title Insurer for closing. 4.8. Brokerage Commissions. There are no brokerage or consultant fees or commissions due in relation to this Agreement. Seller and Purchaser shall indemnify and hold harmless the other from any loss, liability, cost and expenses, including attorney's fees, arising from the breach of the foregoing representations in this Section 4.8. 4.9. Special Assessments. Seller will pay any unpaid special assessments confirmed prior to the Closing Date. Seller knows of no proceeding for special assessments against the Real Property. 5. Seller's Representations, Warranties and Covenants. In addition to all other representations,covenants and warranties by Seller in this Agreement,Seller represents,covenants and warrants, as of the Effective Date and as of the Closing Date, as follows: 5.1. Ownership. Seller owns the property in fee simple absolute and will convey good and indefeasible market title to the Property, free and clear of any liens or other encumbrances except for the Permitted Exceptions. Seller has full right, power and authority to enter into this Agreement and to consummate the sale contemplated hereby without the joinder of any other person, and the party signing on behalf of Seller has been duly authorized to sign on behalf of Seller. The execution, delivery and performance of this Agreement have been duly authorized and no other action, consent, or approval of Seller or any other person or entity is necessary. This Agreement has been duly executed and delivered by Seller, and this Agreement is a valid and binding obligation of Seller, enforceable against it in accordance with its terms. 5.2. Leases and Other Rights in Real Prop. Except as agreed to in writing by the Purchaser, as of the Closing Date, Seller will have the right to possession of all of the Real Property,and there will be no third party with the right to possession of any portion of the Real Property, whether pursuant to a written lease(including any option to extend a written lease), an oral lease, license, or as otherwise may be provided by law. There is no agreement affecting or restricting the Property, including its usage and development, and so long as this Agreement is in force Seller will not enter into any agreements affecting the Property without the prior written approval of Purchaser, in Purchaser's sole discretion. 7 5.3. Liens and Liabilities. Seller shall be responsible for all debts, claims, contracts and liabilities in any way connected with the conduct of its operations on the Real Property, and Purchaser shall have no liability for Seller's obligations or operations conducted on the Real Property or otherwise or for any liabilities, known, unknown, contingent or otherwise, of Seller. No portion of the Property is affected by any special assessments,whether or not constituting a lien thereon. Except the lien for real estate taxes not yet due at Closing, Seller will pay any and all liens so that the Property shall not be encumbered by any lien imposed prior to the Closing. 5.4. Litigation. There are no legal actions, suits, proceedings or claims pending or to the best of Seller's knowledge threatened, against or with respect to Seller or the Property, and Seller is not aware of any facts which might result in any such action, claim, suit or proceeding. Seller is not subject to any judgment,order or decree entered in any suit or proceeding which will have an effect on the Property. There are no pending or, to best of seller's knowledge,threatened condemnation or similar proceeding or rezoning affecting the Property or any portion thereof, nor has Seller knowledge that any such action is presently contemplated. 5.5. Governmental Regulation. The Real Property complies in all respects with all statutes, ordinances, regulations and administrative or judicial orders or holdings, whether or not appearing in public records, and the consummation of the transactions contemplated by this Agreement shall not violate any such statutes,ordinances,regulations and administrative or judicial orders or holdings or any other agreement or indenture by which Seller is bound. 5.6. Hazardous Substances. No toxic waste or hazardous waste material have been stored or used on the Real Property and there is no toxic waste or hazardous material on or under the Real Property in violation of any applicable laws, rules, regulations or Ordinances. Seller shall promptly furnish Purchaser with a copy of any and all environmental reports and any certificates of compliance in Seller's possession, with the Prior Due Diligence Materials, which are not otherwise subject to any restriction on disclosure or are otherwise legally privileged. 8 5.7. Non-Foreign Person/Taxes. Seller is not a"foreign person"as that term is used and defined in the Internal Revenue Code,Section 1445,as the same may be amended. Seller also agrees that Seller as transferor will indemnify Purchaser as transferee and agrees to hold Purchaser harmless from any liability or cost which Purchaser may incur as a result of. (i) Seller's failure to pay any U.S. federal income tax which Seller is required to pay under applicable U. S. law, or (ii) any false or misleading statement contained in the non-foreign affidavit. 5.8. No Breach. No default has occurred under any document affecting the Property nor has Seller made any false or misleading representation or warranty to Purchaser or any other person or entity in connection with the transaction contemplated by this Agreement. 5.9. OFAC. Seller and all beneficial owners of Seller are in compliance with all laws,statutes,rules and regulations of any federal, state or local governmental authority in the United States of America applicable to such Persons (defined below), including, without limitation, the requirements of Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept. 25, 2001) (the "Order") and other similar requirements contained in the rules and regulations of the Office of Foreign Asset Control, Department of the Treasury ("OFAC") and in any enabling legislation or other Executive Orders in respect thereof(the Order and such other rules, regulations, legislation, or orders are collectively called the "Orders". Neither Seller nor any beneficial owner of Seller: (i) is listed on the Specially Designated Nationals and Blocked Persons List maintained by OFAC pursuant to the Order and/or on any other list of terrorists or terrorist organizations maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Orders (such lists are collectively referred to as the "Lists"); (ii) is a Person who has been determined by competent authority to be subject to the prohibitions contained in the Orders; (iii)is owned or controlled by, nor acts for or on behalf of, any Person on the Lists or any other Person who has been determined by competent authority to be subject to the prohibitions contained in the Orders. As used herein, the term "Person" means any individual, corporation, partnership,joint venture, association,joint stock company, trust, trustee, estate, limited liability company,unincorporated organization,real estate investment trust,government or any agency or political subdivision thereof,or any other form of entity. 5.10. Casualty Insurance. Until Closing and unless otherwise agreed by the parties, Seller shall, at its expense, keep the Real Property and the improvements on the Real Property and Personal Property constantly insured with an insurance company acceptable to Purchaser against loss by fire and other casualties with extended coverage in the same amounts as currently carried by Seller as of the Effective Date. 5.11 Residential Disclosures. Intentionally Omitted. Each of Seller's representations and warranties contained in this Section 5 shall be true and correct upon the execution of this Agreement and shall be deemed to be remade on and as of the Closing Date and shall survive the Closing hereunder for a period of eighteen(18)months. 9 6. Indemnity. 6.1. Indemnification by Seller. Seller shall indemnify, defend, and hold harmless Purchaser, its affiliates and subsidiaries, and their respective owners, general partners, partners, managers, members, controlling persons, directors, officers, employees, agents, attorneys, and their successors and assigns (collectively, the "Purchaser Indemnified Parties")from and against,and pay to Purchaser Indemnified Parties the amount of, all losses, claims, obligations, demands, assessments, penalties, fines, forfeitures, liabilities, costs, and other damages, including reasonable attorneys' fees and expenses, whether or not involving a third-party claim(collectively,"Losses"), arising,directly or indirectly, from, asserted against or incurred by reason of, resulting in any manner from, or relating in any manner to (i) the inaccuracy in any respect of any representation or warranty, or a breach of any covenant of Seller contained in this Agreement; (ii) any obligations, liabilities or charges of Seller not expressly assumed by Purchaser except to the extent that Purchaser receives a credit therefor on the closing statement; (iii) any misrepresentation in, or omission of a material fact from, any opinion, certificate or instrument of transfer or conveyance to be furnished to Purchaser by or on behalf of Seller under this Agreement; or (iv) the ownership or use of the Real Property prior to the Closing Date. 6.2. Indemnification by Purchaser. Purchaser shall indemnify, defend, and hold harmless Seller and Seller's owners, controlling persons, directors, officers, employees,agents, attorneys, and affiliates and their successors and assigns(collectively,the"Seller Indemnified Parties;"and together with Purchaser Indemnified Parties,the"Indemnified Parties")from and against, and pay to the Seller Indemnified Parties the amount of, all Losses arising, directly or indirectly, from, asserted against, or incurred by reason of, resulting in any manner from, or relating in any manner to (i) the inaccuracy in any respect of any representation or warranty, or a breach of any covenant of Purchaser contained in this Agreement; (iii) any misrepresentation in, or omission of a material fact from, any opinion, certificate or instrument of transfer or conveyance to be furnished to Seller by or on behalf of Purchaser under this Agreement; or(iv)the ownership or use of the Real Property on or after the Closing Date. 6.3. Expiration of Indemnification Obligations. The respective representations, warranties, covenants, and agreements of the Parties made in this Agreement and all related transaction documents will survive the Closing for a period of eighteen(18)months from the Closing Date ("Survival Period'). The foregoing notwithstanding, none of the provisions set forth in this Agreement, including but not limited to the 10 provisions contained in this Section, shall be deemed to limit the time period during which a claim based on a Party's fraud (whether of commission or omission), criminal conduct, or intentional wrongdoing, or a claim for breach of any covenant, may be brought. 7. Default. If Seller wrongfully refuses to close the sale of the Real Property to Purchaser or is unable to close the sale of the Real Property under the terms of this Agreement,the same shall constitute a breach of this Agreement and Purchaser shall be entitled to all remedies under Illinois law or equity at the time of the breach, including, without limitation, breach of contract; termination of this Agreement and return of the Earnest Money; specific performance, with the rights, but not the obligation, to perform Seller's covenants and agreements under this Agreement and to deduct the cost and expense of such performance from the Purchase Price payable under this Agreement; and the right to recover as an element of its damages, reasonable attorneys fees and court costs and all other damages that Purchaser will suffer as a result of Seller's breach or default under this Agreement. If Purchaser wrongfully refuses to close the sale of the Real Property to Purchaser or is unable to close the sale of the Real Property under the terms of this Agreement, the same shall constitute a breach of this Agreement and Seller shall be entitled to all remedies under Illinois law or equity at the time of the breach, including, without limitation, breach of contract;termination of this Agreement and retention of the Earnest Money as liquidated damages; specific performance, with the rights, but not the obligation, to perform Seller's covenants and agreements under this Agreement and to deduct the cost and expense of such performance from the Purchase Price payable under this Agreement; and the right to recover as an element of its damages, reasonable attorneys fees and court costs and all other damages that Purchaser will suffer as a result of Seller's breach or default under this Agreement. 8. Assignment. Seller shall not assign this Agreement without prior written consent of the Purchaser.At any time prior to or on the Date of Closing,Purchaser may assign this Agreement without the prior written consent of the Seller. 9. Casual . If the buildings and improvements forming a part of the Real Property or Personal Property are damaged or destroyed by fire or other casualty from and after the Effective Date and such damage cannot be repaired to the reasonable satisfaction of Purchaser within twenty (20)days thereafter as determined by Purchaser after consultation with Seller,Purchaser shall have the right to either (i) accept the damaged Real Property and/or Personal Property without abatement of the Purchase Price or(ii) declare this Agreement null and void. If Purchaser accepts the Personal Property or Real Property, any insurance or other settlement proceeds collected by Seller (less all reasonable costs and expenses, including without limitation, attorney's fees, expenses and court costs, incurred by Seller to collect such proceeds), shall be credited to Purchaser on account of the Purchase Price. If Purchaser declares this Agreement null and void, the Earnest Money shall be returned to Purchaser and the parties shall have no further rights or liabilities under this Agreement. If it is determined that the damage to the buildings and improvements forming a part of the Real Property or the Personal Property can be repaired as aforesaid within said twenty (20) day period, Seller shall promptly commence and diligently proceed with the completion of such repairs (it being recognized that Seller shall be entitled to collect for its own account and use in such work any and all insurance or other settlement proceeds). If such work cannot be completed by the Closing Date anticipated under this 11 Agreement,then the Closing Date shall be extended by the parties to this Agreement by the number of days required for Seller to complete such work. 10. Condemnation. If any portion or portions of the Real Property shall be taken by condemnation or any other proceeding in the nature of eminent domain from and after the Effective Date, Purchaser, within fifteen (15) days after Purchaser receives notice of such taking, shall be entitled to declare this Agreement null and void upon fifteen (15) days' written notice to Seller. In the event of termination, the parties shall have no further rights or liabilities under this Agreement and the Earnest Money shall be returned to Purchaser. If Purchaser has not notified Seller of its election to terminate within the aforesaid time period, this Agreement shall continue in full force and effect and there shall be no abatement of the Purchase Price. Seller shall be relieved, however, of the duty to convey title to the portion or portions of the Real Property so taken, but Seller shall, at Closing, assign to Purchaser all of Seller's rights and claims in and to any unpaid awards arising from such taking and credit to Purchaser on account of the Purchase Price all awards therefor collected by Seller (less all reasonable costs and expenses, including, without limitation, attorneys fees, expenses and court costs incurred by Seller to collect such awards). 11. Miscellaneous. It is further understood and agreed as follows: 11.1. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original, and such counterparts together shall constitute one and the same instrument. 11.2. Survival. The representations, warranties, covenants and agreements contained in this Agreement shall survive the Closing and the delivery of the deed without limitation. 11.3. Severability. If any provision of this Agreement shall be held to be void or unenforceable for any reason, the remaining terms and provisions of this Agreement shall not be affected thereby. 11.4. Time. Time is of the essence of this Agreement. 11.5. Binding Effect. The provisions of this Agreement shall inure to the benefit of and bind the successors and assigns of the parties to this Agreement. 11.6. Amendment and Waiver. This Agreement may be amended at any time in any respect only by an instrument in writing executed by Seller and Purchaser. Either party may waive any requirement to be performed by the other under this Agreement, provided that said waiver shall be in writing and executed by the party waiving the requirement. 11.7. Integrated Agreement. This Agreement constitutes the entire agreement between Purchaser and Seller relating to the purchase of the Real Property, and there are no agreements, understandings, restrictions, warranties or representations between Purchaser and Seller other than those set forth in this Agreement. 12 11.8. Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS AND JUDICIAL DECISIONS OF THE STATE OF ILLINOIS WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES. ANY DISPUTE ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE RESOLVED A NON-JURY TRIAL AND EACH PARTY HERETO HEREBY WAIVES ITS RIGHT TO A TRIAL BY JURY, AND SUCH NON-JURY TRIAL SHALL BE HELD IN THE STATE OF ILLINOIS IN EITHER THE CIRCUIT COURT OF FULTON COUNTY, ILLINOIS OR THE UNITED STATES DISTRICT COURT FOR THE CENTRAL DISTRICT OF ILLINOIS. 11.9. Notices. All notices, requests, consents and other communications required or permitted under this Agreement shall be in writing (including email) and shall be (as elected by the person giving such notice) hand delivered by messenger or courier service, emailed, or mailed by registered or certified mail (postage prepaid), return receipt requested, addressed to: If to Seller: With a copy to: Ralph P. Sedgwick Nathan Jackson 209 E. Chestnut Street McCarthy & Jackson, LLC Canton,IL 61520 209 E. Chestnut St., Suite 1 info(-sedgwickfuneralhomes.com Canton, IL 61520 nate(«mccarthyjacksonllc.com If to Purchaser: With a copy to: City of Canton Christopher J. Jump ATTN: Mayor Davis& Campbell L.L.C. 2 N. Main Street 401 Main Street, Suite 1600 Canton,IL 61520 Peoria, IL 61602 kmcdowellncantoncit yhy all.org cjjumpkdcamplaw.com or to such other address as any party may designate by notice complying with the terms of this paragraph. Each such notice shall be deemed delivered (a) on the date delivered if by personal delivery; (b)on the date of transmission with a sent confirmation if by email;and (c) on the date upon which the return receipt is signed or delivery is refused, or the notice is designated by the postal authorities as not deliverable, as the case may be, if mailed. 11.13. Waiver of Tender. Formal tender of an executed deed and the Purchase Price each is hereby waived. 11.14. Delivery y Facsimile or PDF. This Agreement,the agreements referred to in this Agreement,and each other agreement or instrument entered into in connection with this Agreement, to the extent signed and delivered by means of emailed PDF, shall be 13 treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. No party to this Agreement or to any such agreement or instrument shall raise the use of email to deliver a signature or the fact that any signature or agreement or instrument was transmitted through the use of email as a defense to the formation or enforceability of a contract and each such party forever waives any such defense. [SIGNATURE PAGE TO FOLLOW] 14 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed, as of the day and year first above written. SELLER: PURCHASER: Ralph P. Sedgwick, not individually, but as City of Canton Trustee of the Ralph P. Sedgwick Trust, dated January 27, 2012 By: By: Ralph P. Sedgwick, Trustee Kent A. McDo ayor 15 EXHIBIT A Lots Numbered 1,2,3, 12, 13,and 14 in Block 1 in Gould's Addition to the City of Canton,County of Fulton, and State of Illinois. Common Address: 209 E. Chestnut Street, Canton, IL 61520 PIN: 09-08-27-431-007 16 Lt •auoN a IIHIHxa s s Prepared by and return to after recording: Nate Jackson s McCarthy and Jackson LLC 209 East Chestnut Street, Suite 1 Canton,Illinois 61520 Phone: (309)647-7477 office@,mccarthyjacksonllc.com a i Mail tax bill: ' City of Canton Attn:City Treasurer 2 N.Main Street Canton,Illinois 61520 t TRUSTEE'S WARRANTY DEED THE GRANTOR, RALPH P. SEDGWICK, not individually, but as Trustee under the provisions of a Trust Agreement dated January 27, 2012, and known as the Ralph P. Sedgwick Trust ("Grantor"), for consideration of Ten Dollars ($10.00) and other good and valuable consideration, CONVEYS and WARRANTS to and the CITY OF CANTON, an Illinois municipal corporation ("Grantee"), whose address is 2 N. Main Street, Canton, Illinois 61520,the following described real estate(the"Property"): Lots Numbered 1, 2, 3, 12, 13 and 14 in Block 1 in Gould's Addition to the City of Canton, County of Fulton and State of Illinois. PIN: 09-08-27-431-007 3 COMMON ADDRESS: 209 East Chestnut Street,Canton,Illinois 61520 5 Subject to the covenants, restrictions and easements of record, and all applicable zoning laws and building ordinances relating to the Property. Subject to the general real estate taxes which are levied or assessed against the Property with respect to calendar year 2025,and subsequent calendar years. The Grantor hereby releasing and waiving all rights under and by virtue of the Homestead Exemption Laws of the State of Illinois. Exempt pursuant to 35 ILCS 200/31-45(b) Attom Date:March 20,2026 1 Full power and authority is granted to said Trustee under the Trust Agreement to lease, mortgage or sell and convey all or any portion of the Property. No party shall be obliged to see the proper application of money delivered to the Trustee,nor to inquire into the terms of the Trust Agreement, and every instrument executed by the Trustee, in relation to trust property and the Property,shall be conclusive evidence in favor of every person relying upon or claiming under it,that: (a) at the time of delivery,the Trust Agreement was in full force and effect; (b) such instrument was executed in accordance with the terms of the Trust Agreement; (c) the Trustee was duly authorized to execute and deliver such instrument(including this Trustee's Warranty Deed); and (d) if conveyance is made by a successor trustee, that successor has been properly appointed and is fully vested with all the title and authority of its predecessor. Dated this 20t'da of March,2026 AAA Ralph P.�Sedjwick,not individ-u--atty, but as Trustee under the provisions of a Trust Agreement dated January 27,2012,and known as the Ralph P. Sedgwick Trust STATE OF ILLINOIS ) ) SS COUNTY OF FULTON ) I,the undersigned, a Notary Public in and for said County and State aforesaid, hereby certify that RALPH P. SEDGWICK, not individually, but as Trustee under the provisions of a Trust Agreement dated January 27, 2012, and known as the Ralph P. Sedgwick Trust, as amended, and personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that he signed, sealed and delivered said instrument as his free and voluntary act and as the free and voluntary act of said Trust for the uses and purposes therein set forth and on her respective oath states that he is duly authorized to execute said instrument. Given under my hand and official seal this 201'day of March,2026 7 G6� OFFICU►L SEAL NATHANIEL CLAY JACKSON NotaryPublic NOTARY PUBLIC.STATf OF IWNOIS 00MMISS00 004107 MY COMMISSION F.BRUARY 06,2= 2 TO BE FILED WITH THE FULTON COUNTY RECORDER OF DEEDS AFFIDAVIT FOR PURPOSE OF ILLINOIS PLAT ACT REQUIREMENTS THIS IS A LEGAL DOCUMENT—PLEASE CONSULT YOUR ATTORNEY (Zoning&Subdivision Ordinances May Also Apply) PARCEL NUMBER: 09-08-27-431-007 Grantor or Grantor's Attorney authorized representative in a deed transferring interest in the real estate described in the accompanying deed and further states this transfer IS EXEMPT FROM THE ILLINOIS PLAT ACT(765 ILCS 205)BECAUSE OF THE FOLLOWING: 0 NOT A DIVISION OF LAND—PARCEL BOUNDARIES REMAIN UNCHANGED(The Recorder will proceed with recording the deed and no further questions apply. County Plat Officer signature is NOT required. Please sign below and have notarized) ❑ A DIVISION OF LAND THAT MEETS ONE OF THE FOLLOWING EXCEPTIONS — APPROVAL BY COUNTY PLAT OFFICER (OR DESIGNEE)IS REQUIRED ALONG WITH APPLICABLE FEE PRIOR TO RECORDING: ❑ The divisions or subdivision of land into parcels or tracts of 5 acres or more in size which does not involve any new streets or easements of access. ❑ The division of lots or blocks of less than 1 acre in any recorded subdivision which does not involve any new streets or easements of access. ❑ The sale or exchange of parcels of land between owners of adjoining and contiguous land. ❑ The conveyance of parcels of land or interest therein for use as a right of way for railroads or other public utility facilities and other pipe lines which does not involve any new streets or easements of access. ❑ The conveyance of land for highway or other public purposes or grants or conveyances relating to the dedication of land for public use or instruments relating to the vacation of land impressed with a public use. ❑ Conveyances made to correct descriptions in prior conveyances. ❑ The sale or exchange of parcels or tracts of land following the division into no more than 2 parts of a particular parcel or tract of land existing on July 17,1959 and not involving any new streets or easements of access. ❑ The sale of a single lot of less than 5 acres from a larger tract when a survey is made by an Illinois Registered Land Surveyor; provided that this exemption shall not apply to the sale of any subsequent lots from the same larger tract of land,as determined by the dimensions and configuration of the larger tract on October 1, 1973,and provided also that this exemption does not invalidate any local requirements applicable to the subdivision of land. ❑ The preparation of a plat for wind energy devised under section 10-620 of the Property Tax Code. ❑ Division meets criteria for agricultural exemption I swear to the best of my knowledge that the statements contained herein are true and correct. Grantor/Grantor's Attorney further states that this affidavit for the purpose of indicating to THE RECORDER OF DEEDS OF FULTON COUNTY,ILLINOIS,that the conveyance by the attached instrument is within,and in compliance with,the provisions of the Illinois Plat Act. Name: Ralph P. Sedgwick, TTEE signature: _ Date:03/20/2026 Name: Signature: Date: Subscribed and sworn to before me this 20th day of March 20 26 =PUBLIC.STATE L SEAL AY JACKSON :NOTARYTATE O1 ILLIN04S$10 1(VA 107 Notary Public ES FEHHUARY 06,2029 Approval for State Plat Act,County Subdivision and Zoning Code Purposes: SURVEY REQUIRED FOR RECORDING: Yes❑ No❑ Fulton County Plat Officer/designee: Date: (NOTE: County Plat Officer signature required for properties only in the UNINCORPORATED areas of Fulton County) Prepared by and return to after recording: Nate Jackson McCarthy and Jackson LLC 209 East Chestnut Street, Suite 1 Canton,Illinois 61520 Phone: (309)647-7477 office@Mccarthyjacksonllc.com nate_,mccarthyjacksonllc.com Mail tax bill: City of Canton Attn:City Treasurer 2 N.Main Street Canton,Illinois 61520 RELEASE OF COVENANT RUNNING WITH THE LAND THIS RELEASE OF COVENANT RUNNING WITH THE LAND is made this 20th day of March,2026,by RALPH P. SEDGWICK,not individually,but as Trustee under the provisions of a Trust Agreement dated January 27,2012,and known as the Ralph P. Sedgwick Trust("Grantor"),for consideration of Ten Dollars($10.00) (hereinafter"Releasor"). RECITALS A. Releasor is the same person/entity who executed and imposed certain restrictive covenant(s)affecting the real property described below; 3 B. Said restrictive covenants were recorded on June 8,2015,as Document No. 1565669 in the Office of the Recorder of Deeds of Fulton County,Illinois; 3 E C. Said restrictive covenants were amended and recorded on September 15,2015,as Document No. 1567347 in the Office of the Recorder of Deeds of Fulton County,Illinois; C. The Restrictive Covenant burdens the following described real estate: Lots Numbered 1, 2, 3, 12, 13 and 14 in Block 1 in Gould's Addition to the City of Canton,County of Fulton and State of Illinois. E PIN: 09-08-27-431-007 i COMMON ADDRESS: 209 E Chestnut Street, Canton,Illinois 61520 D. Releasor desires to release and terminate the Restrictive Covenant and any amendment thereto in its entirety. RELEASE NOW,THEREFORE,for good and valuable consideration,the receipt and sufficiency of which are hereby acknowledged,the Releasor does hereby: l. Release,terminate,and extinguish the Covenant Running with the Land,and any amendment thereto,described above,together with all rights,obligations,and interests arising therefrom; 2. Declare that the Restrictive Covenant is null,void, and of no further force or effect as to the above-described real estate; 3. Authorize that this Release shall be recorded and shall run with the land,thereby removing the Restrictive Covenant from title; and 4. This Release shall be binding upon and inure to the benefit of the Releasor and all present and future owners of the subject real estate. IN WITNESS WHEREOF,this RELEASE OF COVENANT RUNNING WITH THE LAND has been executed by the Releasor as of the day and year first above written. DATED this 20th day of March,.2026. Ralph . Sedgwick,not individually, but as Trustee under the provisions of a Trust Agreement dated January 27, 2012,and known as the Ralph P. Sedgwick Trust [SIGNATURE PAGE TO FOLLOW] STATE OF ILLINOIS ) )SS COUNTY OF FULTON ) I, the undersigned, a Notary Public in and for said County and State aforesaid, hereby certify that RALPH P. SEDGWICK, not individually, but as Trustee under the provisions of a Trust Agreement dated January 27, 2012, and known as the Ralph P. Sedgwick Trust, as amended, and personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that he signed, sealed and delivered said instrument as his free and voluntary act and as the free and voluntary act of said Trust for the uses and purposes therein set forth and on her respective oath states that he is duly authorized to execute said instrument. Given under my hand and official seal this 20a'day of March, 26 =PUBUC,STATE L SEAL AY JACKSON otary Public TATE OF ILLINOISNO.1004107ES FEBRUARY O6,2029 ASSIGNMENT AND ASSUMPTION OF LEASES This Assignment and Assumption of Leases(this"Assignment")is made by and between RALPH P. SEDGWICK, not individually, but as Trustee under the provisions of a Trust Agreement dated January 27,2012,and known as the Ralph P.Sedgwick Trust("Assignor"),and the CITY OF CANTON, an Illinois municipal corporation("Assignee"),and is effective as of March 20,2026(the"Effective Date"). WITNESSETH WHEREAS, Assignor (the "Landlord"), executed or otherwise entered into certain lease agreements, including without limitation lease agreements with United Way for Spoon River Country and John J. McCarthy (collectively the "Leases"), for certain property located at 209 East Chestnut Street, Canton,Illinois;and WHEREAS,Assignor desires to assign and Assignee desires to take assignment of the Leases,as of the Effective Date. NOW, THEREFORE, in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration,the receipt and sufficiency of which are hereby acknowledged,the parties agree as follows: 1. Assignment. Assignor hereby assigns and transfers to Assignee all of Assignor's rights, title,and obligations under the Leases from and after the Effective Date.Assignor warrants and represents it has the authority and necessary consents to execute this Assignment and that no consent is necessary from any tenant/lessee. 2. Acceptance.Assignee hereby accepts such assignment of rights,title,and obligations under the Leases from and after the Effective Date. 3. Binding Effect. This Assignment is binding upon the parties,their successors,assigns and personal representatives. 4. Indemnification by Assignor. Assignor shall indemnify and hold Assignee harmless from and against any and all liability arising under the Leases including liability for costs and attorneys' fees, which liability arises from, or is based upon, any facts or circumstances that occurred or existed during any period before the Effective Date of this Assignment. 5. Indemnification by Assignee. Assignee shall indemnify and hold Assignor harmless from and against any and all liability arising under the Leases, including liability for costs and attorneys' fees, which liability arises from, or is based upon, any facts or circumstances that occur or exist on or after the Effective Date of this Assignment. 6. Pro-Ration of Rents.There shall be no proration of rents for the month of March 2026,and Assignor may keep all rents received prior to the Effective Date that provided the tenants, John J.McCarthy and United Way for Spoon River Country,Inc.with possession through March 31, 2026. Any rents received prior to, on, or after the effective date for any lease terns after March 31, 2026 shall be the sole property of the Assignee, and the Assignor shall cooperate with the Assignee for the transfer of such funds,if necessary. 7. Notification. The parties agree to take such reasonable actions as are necessary to notify the Tenant of this Assignment. 1 8. Signatures. The undersigned hereby agrees that in lieu of an original written signature the facsimile or PDF signature on this document will constitute a valid original signature to this document and can be relied upon for enforcement purposes. ASSIGNOR: RALPH P. SEDGWICK, not individually, but as Trustee under the provisions of a Trust Agreement dat d January 27,2012,and known as the ph . e ick Trust By: 'R Ralph P. Sedgwick,Trustee STATE OF ILLINOIS ) )Ss. COUNTY OF FULTON ) I, the undersigned, a Notary Public, in and for said State aforesaid, DO HEREBY CERTIFY that RALPH P. SEDGWICK, not individually, but as Trustee under the provisions of a Trust Agreement dated January 27, 2012,and known as the Ralph P. Sedgwick Trust, and personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person in his capacity as Trustee, and acknowledged that he signed, sealed and delivered said instrument as his free and voluntary act,for the uses and purposes therein set forth. Given under my hand and notarial seal this 20th day of h, 6. OFFICIAL SEAL NATHANIEL CLAY JACKSON NOTARY PUBLIC,STATE OF IWNOIS Notary Public ASSIGNEE: COMMISSION NO.1004107 MY COMMISSION EXPIRES FEBRUARY 06,2029 CITY OF CANTON By: 1— �V en A. McD ,Its Mayor STATE OF ILLINOIS ) )ss. COUNTY OF FULTON ) I, the undersigned, a Notary Public, in and for said State aforesaid, DO HEREBY CERTIFY that Kent A. McDowell, Mayor of the City of Canton, Illinois, and personally known to me to be the same person whose name is subscribed to the foregoing instnument,appeared before me this day in person in his capacity as Mayor, and acknowledged that he signed, sealed and delivered said instrument as his free and voluntary act,for the uses and purposes therein set forth. Given under my hand and notarial seal this 20'b day of M x z /�� OFFICIAL SEAL Notary Public NATHANIEL CLAY JACKSON NOTARY PUBLIC,STATE OF ILLINOIS COMMISSION NO.1004107 MY COMMISSION EXPIRES FEBRUARY 06,2029 7 Advocus- National Title Insurance Company ALTA CLOSING PROTECTION LETTER Lender/Borrower/Purchaser issued by ADVOCUS NATIONAL TITLE INSURANCE COMPANY American Land Title Association Closing Protection Letter—Single Transaction—Adopted April 2,2021 "Addressee": City of Canton 2 North Main Street Canton, IL 61520 "Date": March 3,2026 "Issuing Agent"or"Approved Attorney": McCarthy&Jackson LLC,Agent No.2492 209 East Chestnut Street, Suite 1 Canton, IL 61520 or Advocus National Title Insurance Company, One South Wacker Drive, Suite 2400,Chicago, Illinois,60606-4654,or both. "Real Estate Transaction": Advocus National Title Insurance Company Commitment for Title Insurance Number: 2026-2433-IL-C(2026-2433-IL-CPL-B1-JCBT) Seller(s): Ralph P. Sedgwick Trust Buyer(s)/Borrower(s): City of Canton Property Address(es): 209 East Chestnut Street,Canton, IL 61520 Lender: Loan Number: Re:Closing Protection Letter Dear City of Canton, In consideration of Your acceptance of this letter,Advocus National Title Insurance Company(the"Company"), agrees to indemnify You for actual loss of Funds incurred by You in connection with the closing of the Real Estate Transaction conducted by the Issuing Agent or Approved Attorney on or after the Date of this letter, subject to the Requirements and Conditions and Exclusions set forth below: REQUIREMENTS 1. The Company issues or is contractually obligated to issue a Policy for Your protection in connection with the Real Estate Transaction; 2. You are to be a: a. lender secured by the Insured Mortgage on the Title to the Land; or b. purchaser or lessee of the Title to the Land; 3. The aggregate of all Funds You transmit to the Issuing Agent or Approved Attorney for the Real Estate Transaction does not exceed$ 200,000.00 and Please direct all general correspondence and inquiries regarding CPLs to: Advocus National Title Insurance Company FORM 4123A-21 P.O.Box 9136,Champaign,Illinois 61826-9136 FOR USE IN:IA,IL,IN,MI,W CADVOCUS(REV.12/23) cpl@advocustitle.com 1800.252.0402 1 advocus.com Page 1 of 4. Your loss is solely caused by: a. a failure of the Issuing Agent or Approved Attorney to comply with Your written closing instructions that relate to: i. (a). the disbursement of Funds necessary to establish the status of the Title to the Land; or ii. (b). the validity,enforceability,or priority of the lien of the Insured Mortgage;or iii. obtaining any document, specifically required by You, but only to the extent that the failure to obtain the document adversely affects the status of the Title to the Land or the validity, enforceability, or priority of the lien of the Insured Mortgage on the Title to the Land;or b. fraud, theft, dishonesty, or misappropriation by the Issuing Agent or Approved Attorney in handling Your Funds or documents in connection with the closing, but only to the extent that the fraud, theft, dishonesty, or misappropriation adversely affects the status of the Title to the Land or the validity,enforceability,or priority of the lien of the Insured Mortgage on the Title to the Land. CONDITIONS AND EXCLUSIONS 1. Your transmittal of Funds or documents to the Issuing Agent or Approved Attorney for the Real Estate Transaction constitutes Your acceptance of this letter. 2. For purposes of this letter: a. "Commitment"means the Company's written contractual agreement to issue the Policy. b. "Funds"means the money received by the Issuing Agent or Approved Attorney for the Real Estate Transaction. c. "Policy"means the contract or contracts of title insurance,each in a form adopted by the American Land Title Association, issued or to be issued by the Company in connection with the closing of the Real Estate Transaction. d. "You"or"Your"means: i. the Addressee of this letter; ii. the borrower, if the Land is improved solely by a one-to-four family residence;and iii. subject to all rights and defenses relating to a claim under this letter that the Company would have against the Addressee, (a). the assignee of the Insured Mortgage,provided such assignment was for value and the assignee was,at the time of the assignment,without Knowledge of facts that reveal a claim under this letter; and (b). the warehouse lender in connection with the Insured Mortgage. e. "Indebtedness,""Insured Mortgage,""Knowledge"or"Known,""Land,"and"Title"have the same meaning given them in the American Land Title Association Loan Policy. 3. The Company is not liable under this letter for any loss arising from any: a. failure of the Issuing Agent or Approved Attorney to comply with Your closing instructions that require title insurance protection in connection with the Real Estate Transaction inconsistent with that set forth in the Commitment. Your written closing instructions received and accepted by the Issuing Agent or Approved Attorney after issuing the Commitment that require the removal, where allowed by state law, rule, or regulation, of specific Schedule B Exceptions from Coverage or compliance with the requirements contained in the Commitment will not be deemed to require inconsistent title insurance protection; b. loss or impairment of Funds in the course of collection or while on deposit with a bank due to bank failure, insolvency, or suspension,except loss or impairment resulting from failure of the Issuing Agent or Approved Attorney to comply with Your written closing instructions to deposit Your Funds in a bank that You designated by name; c. constitutional or statutory lien or claim of lien that arises from services, labor, materials, or equipment, if any Funds are to be used for the purpose of construction,alteration,or renovation.Condition and Exclusion 3.c.does not modify or limit Your coverage, if any, as to any lien for services, labor, materials,or equipment in the Policy; d. defect, lien, encumbrance, adverse claim, or other matter in connection with the Real Estate Transaction. Condition and Exclusion 3.d. does not modify or limit Your coverage in the Policy; e. fraud,theft,dishonesty, misappropriation,or negligence by You or by Your employee, agent, attorney,or broker; f. fraud,theft,dishonesty, or misappropriation by anyone other than the Company, Issuing Agent,or Approved Attorney; g. settlement or release of any claim by You without the Company's written consent, h. matters created,suffered, assumed, agreed to, or Known by You; i. failure of the Issuing Agent or Approved Attorney to determine the validity,enforceability,or the effectiveness of a document required by Your closing instructions. Condition and Exclusion 3.i.does not modify or limit Your coverage in the Policy; FORM 4129-A-21 FOR USE IN:IA,IL,IN,MI,WI ©ADVOCUS(REV.12/23) Page 2 of 4 j. Any law regulating trade, lending, credit, sale, and debt collection practices involving consumers; any consumer financial law; or any other law relating to truth-in-lending, predatory lending, or a borrower's ability to repay a loan, including any failure of the Issuing Agent or Approved Attorney to comply with Your closing instructions relating to those laws; k. federal or state laws establishing the standards or requirements for asset-backed securitization including,but not limited to, exemption from credit risk retention, including any failure of the Issuing Agent or Approved Attorney to comply with Your closing instructions relating to those laws; I. periodic disbursement of Funds to pay for construction,alteration,or renovation on the Land; m. Issuing Agent or Approved Attorney acting in the capacity of a qualified intermediary or facilitator for tax deferred exchange transactions as provided in Section 1031 of the Internal Revenue Code;or n. wire fraud, mail fraud, telephone fraud, facsimile fraud, unauthorized access to a computer, network, email, or document production system, business email compromise, identity theft, or diversion of Funds to a person or account not entitled to receive the Funds. Condition and Exclusion 3.n.does not modify or limit: i. Your coverage in the Policy; or ii. indemnification in this letter for Your loss solely caused by fraud, theft, dishonesty, or misappropriation by the Issuing Agent or Approved Attorney in handling Your Funds or documents in connection with the closing, but only to the extent that the fraud,theft,dishonesty, or misappropriation adversely affects the status of the Title to the Land or the validity, enforceability,or priority of the lien of the Insured Mortgage on the Title to the Land. 4. If the closing is to be conducted by an Approved Attorney, a Commitment in connection with the Real Estate Transaction must have been received by You prior to the transmittal of Your final closing instructions to the Approved Attorney. S. When the Company indemnifies You pursuant to this letter, it is subrogated to all rights and remedies You have against any person, entity, or property had You not been indemnified. The Company's liability for indemnification is reduced to the extent that You have impaired the value of this subrogation right. 6. The Company's liability for loss under this letter does not exceed the least of: a. the amount of Your Funds; b. the Company's liability under the Policy at the time written notice of a claim is made under this letter; c. the value of the lien of the Insured Mortgage; d. the value of the Title to the Land insured or to be insured under the Policy at the time written notice of a claim is made under this letter;or e. the amount stated in Requirement 3. 7. The Company is liable only to the owner of the Indebtedness at the time that payment is made. Condition and Exclusion 7 does not apply to a purchaser, borrower, or lessee. 8. Payment to You or to the owner of the Indebtedness under either the Policy or from any other source reduces liability under this letter by the same amount. Payment in accordance with the terms of this letter constitutes a payment pursuant to the Conditions of the Policy. 9. The Issuing Agent is the Company's agent only for the limited purpose of issuing policies. Neither the Issuing Agent nor the Approved Attorney is the Company's agent for the purpose of providing closing or settlement services.The Company's liability for Your loss arising from closing or settlement services is strictly limited to the contractual protection expressly provided in this letter.The Company is not liable for loss resulting from the fraud,theft,dishonesty,misappropriation,or negligence of any party to the Real Estate Transaction,the lack of creditworthiness of any borrower connected with the Real Estate Transaction,or the failure of any collateral to adequately secure a loan connected with the Real Estate Transaction. 10. The Company is not liable for a loss if the written notice of a claim is not received by the Company within one year from the date of the transmittal of Funds.The condition that the Company must be provided with written notice under Condition and Exclusion 10 will not be excused by lack of prejudice to the Company. 11. You must promptly send written notice of a claim under this letter to the Company at either claims@advocustitle.com or Advocus National Title Insurance Company, P.O. Box 9136, Champaign, Illinois 61826-9136, Attention: Claims Department. Phone: 217.403.0015 Email: ICL.claims@advocustitle.com. If the Company is prejudiced by Your failure to provide prompt notice, the Company's liability to You under this letter is reduced to the extent of the prejudice. 12. When requested by the Company,You,at the Company's expense, must: a. give the Company all reasonable aid in: i. securing evidence,obtaining witnesses,prosecuting or defending any action or proceeding,or effecting any settlement; and ii. any other lawful act that in the opinion of the Company may be necessary or desirable to enable the Company's investigation and determination of its liability under this letter; FORM 4129-A-21 FOR USE IN:IA,IL,IN,MI,WI 0 ADVOCUS(REV.1223) Page 3 of 4 b. deliver to the Company all records,in whatever medium maintained,that pertain to the Real Estate Transaction or any claim under this letter;and c. submit to examination under oath by any authorized representative of the Company with respect to any such records,the Real Estate Transaction, any claim under this letter or any other matter reasonably deemed relevant by the Company. 13. The Company is not liable under this letter if: a. the Real Estate Transaction has not closed within one year from the Date of this letter;or b. at any time after the Date of this letter,but before the Real Estate Transaction closes,the Company provides written notice of termination of this letter to the Addressee at the address set forth above. 14. The protection of this letter extends only to real estate in Illinois, Indiana, Iowa, Michigan, and Wisconsin, and any court or arbitrator must apply the law of that state to interpret and enforce the terms of this letter.The court or arbitrator must not apply conflicts of law principles to determine the applicable law.Any litigation or other proceeding under this letter must be filed only in a state or federal court within the United States of America or its territories having jurisdiction. 15. There is no right for any claim under this letter to be arbitrated or litigated on a class action basis. 16. Either the Company or You may demand that any claim arising under this letter be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association, unless You have a Policy for the Real Estate Transaction with an Amount of Insurance greater than$2,000,000. If You have a Policy for the Real Estate Transaction with an Amount of Insurance greater than$2,000,000,a claim arising under this letter may be submitted to arbitration only when agreed to by both the Company and You. If the Real Estate Transaction solely involves a one-to-four family residence and You are the purchaser or borrower,the Company will pay the costs of arbitration. 17. For Real Estate Transactions involving Land located in Illinois, nothing herein shall apply to the authority of a title insurance company and title insurance agent to act as an escrow agent under subsection(g)of Section 17 of 215 ILCS 155/17. This letter supersedes and cancels any previous letter or similar agreement for closing protection that applies to the Real Estate Transaction and may not be modified by the Issuing Agent or Approved Attorney. AdvoctLs National Title Insurance Company- Jill Cadwell President FORM 4129-A-21 FOR USE IN:IA,IL,IN,MI,wI 0 ADVOCUS(REV.12123) Page 4 of 4 McCarthy and Jackson LLC ADDRESS: 209 East Chestnut Street, Suite 1, Canton, IL 61520 Tel (309) 647-7477 - Fax(309) 647-7482 - Email: nate@mccarthyjacksonlic.com PRIVACY POLICY NOTICE This notice is provided to you pursuant to the Privacy of Consumer Financial Information Act and the Federal Trade Commission's implementing regulation thereunder, 16 CFR Part 313. 1. We collect nonpublic personal information about you from the following sources: Information we receive from you on applications or other forms either directly from you or from lenders and their affiliates or agents; 2. We do not disclose any nonpublic personal information about our clients,borrowers,or sellers to anyone, except as is necessary in the mortgage loan transaction as may be necessary to effectuate the transaction with the lender that you have requested;to prevent fraud or unauthorized transactions; as otherwise required or permitted by law. 3. We restrict access to nonpublic personal information about you to those clients, lenders, third parties and employees who need to know that information to provide the requested settlement services to you. We maintain physical, electronic,and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. American Land Title Association Commitment for Title Insurance 2021 v.01.00(07-01-2021) Advocus ALTA COMMITMENT FOR TITLE INSURANCE o o a r,,o ,rco�amaa issued by ADVOCUS NATIONAL TITLE INSURANCE COMPANY NOTICE IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT. THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON, INCLUDING A PROPOSED INSURED. THE COMPANY'S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS COMMITMENT TO ANY OTHER PERSON. COMMITMENT TO ISSUE POLICY Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II —Exceptions; and the Commitment Conditions, Advocus National Title Insurance Company, a(n) Illinois corporation (the"Company"), commits to issue the Policy according to the terms and provisions of this Commitment. This Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the Proposed Amount of Insurance and the name of the Proposed Insured. If all of the Schedule B, Part I —Requirements have not been met within 180 days after the Commitment Date, this Commitment terminates and the Company's liability and obligation end. COMMITMENT CONDITIONS 1. DEFINITIONS a. "Discriminatory Covenant": Any covenant, condition, restriction, or limitation that is unenforceable under applicable law because it illegally discriminates against a class of individuals based on personal characteristics such as race, color, religion, sex, sexual orientation, gender identity, familial status, disability, national origin, or other legally protected class. b. "Knowledge"or"Known": Actual knowledge or actual notice, but not constructive notice imparted by the Public Records. C. "Land": The land described in Item 5 of Schedule A and improvements located on that land that by State law constitute real property. The term "Land" does not include any property beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does not modify or limit the extent that a right of access to and from the Land is to be insured by the Policy. d. "Mortgage": A mortgage, deed of trust, trust deed, security deed, or other real property security instrument, including one evidenced by electronic means authorized by law. e. "Policy": Each contract of title insurance, in a form adopted by the American Land Title Association, issued or to be issued by the Company pursuant to this Commitment. f. "Proposed Amount of Insurance": Each dollar amount specified in Schedule A as the Proposed Amount of Insurance of each Policy to be issued pursuant to this Commitment. g. "Proposed Insured": Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by Advocus National Title Insurance Company. This Commitment is not valid without the Notice;the Commitment to Issue Policy;the Commitment Conditions;Schedule A;Schedule 8,Part I—Requirements;and Schedule 8, Part ll—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association.All rights reserved. A AME0.IGN The use of this Form(or any derivative thereof)is restricted to ALTA licensees and LAND TITLE ALTA members in good standing as of the date of use.All other uses are prohibited. As%uCuTION Reprinted under license from the American Land Title Association. Page 1 of 8 American Land Title Association Commitment for Title Insurance 2021 v.01.00(07-01-2021) h. "Public Records": The recording or filing system established under State statutes in effect at the Commitment Date under which a document must be recorded or filed to impart constructive notice of matters relating to the Title to a purchaser for value without Knowledge. The term "Public Records" does not include any other recording or filing system, including any pertaining to environmental remediation or protection, planning, permitting, zoning, licensing, building, health, public safety, or national security matters. i. "State": The state or commonwealth of the United States within whose exterior boundaries the Land is located. The term "State" also includes the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam. j. "Title": The estate or interest in the Land identified in Item 3 of Schedule A. 2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in the Commitment to Issue Policy, this Commitment terminates and the Company's liability and obligation end. 3. The Company's liability and obligation is limited by and this Commitment is not valid without: a. the Notice; b. the Commitment to Issue Policy; C. the Commitment Conditions; d. Schedule A; e. Schedule B, Part I—Requirements; f. Schedule B, Part II—Exceptions; and g. a counter-signature by the Company or its issuing agent that may be in electronic form. 4. COMPANY'S RIGHT TO AMEND The Company may amend this Commitment at any time. If the Company amends this Commitment to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5. The Company is not liable for any other amendment to this Commitment. 5. LIMITATIONS OF LIABILITY a. The Company's liability under Commitment Condition 4 is limited to the Proposed Insured's actual expense incurred in the interval between the Company's delivery to the Proposed Insured of the Commitment and the delivery of the amended Commitment, resulting from the Proposed Insured's good faith reliance to: i. comply with the Schedule B, Part I —Requirements; ii. eliminate, with the Company's written consent, any Schedule B, Part II —Exceptions; or iii. acquire the Title or create the Mortgage covered by this Commitment. b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured requested the amendment or had Knowledge of the matter and did not notify the Company about it in writing. C. The Company is only liable under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the Commitment included the added matter when the Commitment was first delivered to the Proposed Insured. d. The Company's liability does not exceed the lesser of the Proposed Insured's actual expense incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount of Insurance. e. The Company is not liable for the content of the Transaction Identification Data, if any. f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of the Schedule B, Part I —Requirements have been met to the satisfaction of the Company. g. The Company's liability is further limited by the terms and provisions of the Policy to be issued to the Proposed Insured. 6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND CHOICE OF FORUM a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim under this Commitment. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by Advocus National Title Insurance Company. This Commitment is not valid without the Notice;the Commitment to Issue Policy;the Commitment Conditions;Schedule A;Schedule B, Part I—Requirements;and Schedule B, Part 11—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association.All rights reserved. A AM E 0.1GN The use of this Form(or any derivative thereof)is restricted to ALTA licensees and LAND TITLE ALTA members in good standing as of the date of use.All other uses are prohibited. A1111CM 10N Reprinted under license from the American Land Title Association. Page 2 of 8 American Land Title Association Commitment for Title Insurance 2021 v.01.00(07-01-2021) b. Any claim must be based in contract under the State law of the State where the Land is located and is restricted to the terms and provisions of this Commitment. Any litigation or other proceeding brought by the Proposed Insured against the Company must be filed only in a State or federal court having jurisdiction. C. This Commitment, as last revised, is the exclusive and entire agreement between the parties with respect to the subject matter of this Commitment and supersedes all prior commitment negotiations, representations, and proposals of any kind, whether written or oral, express or implied, relating to the subject matter of this Commitment. d. The deletion or modification of any Schedule B, Part II — Exception does not constitute an agreement or obligation to provide coverage beyond the terms and provisions of this Commitment or the Policy. e. Any amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized by the Company. f. When the Policy is issued, all liability and obligation under this Commitment will end and the Company's only liability will be under the Policy. 7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT The issuing agent is the Company's agent only for the limited purpose of issuing title insurance commitments and policies. The issuing agent is not the Company's agent for closing, settlement, escrow, or any other purpose. 8. PRO-FORMA POLICY The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating the coverage that the Company may provide. A pro-forma policy neither reflects the status of Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a commitment to insure. 9. CLAIMS PROCEDURES This Commitment incorporates by reference all Conditions for making a claim in the Policy to be issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of liability in Commitment Conditions 5 and 6. 10. CLASS ACTION ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT, INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS ACTION CONDITION. 11. ARBITRATION The Policy contains an arbitration clause.All arbitrable matters when the Proposed Amount of Insurance is$2,000,000 or less may be arbitrated at the election of either the Company or the Proposed Insured as the exclusive remedy of the parties. A Proposed Insured may review a copy of the arbitration rules at http://www.alta.org/arbitration. ADVOCUS NATIONAL TITLE INSURANCE COMPANY One South Wacker Drive, Suite 2400, Chicago, IL 60606-4654 By: Jill Cadwell, President This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by Advocus National Title Insurance Company. This Commitment is not valid without the Notice;the Commitment to Issue Policy;the Commitment Conditions;Schedule A;Schedule 8,Part I—Requirements;and Schedule B, Part Il—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association.All rights reserved. � AME0.ICAN The use of this Form(or any derivative thereof)is restricted to ALTA licensees and LAND TITLE ALTA members in good standing as of the date of use.All other uses are prohibited. ASSOCIATION Reprinted under license from the American Land Title Association. Page 3 of 8 American Land Title Association Commitment for Title Insurance 2021 v.01.00(07-01-2021) Transaction Identification Data,for which the Company assumes no liability as set forth in Commitment Condition 5.e.. Issuing Agent: McCarthy and Jackson LLC Issuing Office: 209 East Chestnut Street, Suite 1 Canton, IL 61520 Issuing Office's ALTA°Registry ID: 1114910 Loan ID Number: Commitment Number: 2026-2433-IL-C Issuing Office File Number: 2026-03-107 Property Address: 209 East Chestnut Street, Canton, IL 61520 Revision Number: 2 SCHEDULE A 1. Commitment Date: March 20, 2026 at 9:00 AM 2. Policy to be issued: (a) 2021 ALTA Owner's Policy Proposed Insured: City of Canton Inc., an Illinois municipal corporation Proposed Amount of Insurance: $200,000.00 The estate or interest to be insured: Fee Simple 3. The estate or interest in the Land at the Commitment Date is: Fee Simple 4. The Title is, at the Commitment Date, vested in: Ralph P. Sedgwick, not individually, but as Trustee of Ralph P. Sedgwick Trust, dated January 27, 2012 5. The land is described as follows: The land is described as set forth in Exhibit A attached hereto and made a part hereof. MCCARTHY AND JACKSON LLC ADVOCUS NATIONAL TITLE INSURANCE COMPANY 209 East Chestnut Street, Suite 1, Canton, IL 61520 One South Wacker Drive, Suite 2400, Chicago, IL Telephone: (309)647-7477 60606-4654 Countersigned by: Nate Jackson, License#6339142 McCarthy and Jackson LLC, License#2492 By: Jill Cadwell, President This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by Advocus National Title Insurance Company. This Commitment is not valid without the Notice;the Commitment to Issue Policy;the Commitment Conditions;Schedule A;Schedule 8, Part I—Requirements;and Schedule 8, Part ll—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association.All rights reserved. A AMERIGN The use of this Form(or any derivative thereof)is restricted to ALTA licensees and LAND TITLE ALTA members in good standing as of the date of use.All other uses are prohibited. ASSOCIArION Reprinted under license from the American Land Title Association. Page 4 of 8 American Land Title Association Commitment for Title Insurance 2021 v.01.00(07-01-2021) SCHEDULE B, PART I—Requirements All of the following Requirements must be met: This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by Advocus National Title Insurance Company. This Commitment is not valid without the Notice;the Commitment to Issue Policy;the Commitment Conditions;Schedule A;Schedule 8,Part I—Requirements;and Schedule 8, Part ll—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association.All rights reserved. AMERICAN The use of this Form(or any derivative thereof)is restricted to ALTA licensees and LAN I)TITLE ALTA members in good standing as of the date of use.All other uses are prohibited. ASSOCIATION Reprinted under license from the American Land Title Association. Page 5 of 8 American Land Title Association Commitment for Title Insurance 2021 v.01.00(07-01-2021) SCHEDULE B, PART II—Exceptions Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a document referenced in Schedule B as if each Discriminatory Covenant is redacted,repudiated, removed,and not republished or recirculated.Only the remaining provisions of the document will be excepted from coverage. The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or easement identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction of the Company: 1. The lien of taxes assessed for the year 2025 and thereafter: Permanent Index No. 09-08-27-431-007 (Formerly known as Permanent Index Nos. 09-08-27-431-001, -002 and -003) Taxes for the years 2025 and 2026 and thereafter are liens on the premises but not yet due or payable. All prior real estate taxes are shown paid. Note: Tax assessments and tax rates are not yet available for the 2025 real estate taxes due and payable in 2026. As per the Agreement for Purchase and Sale of Real Property executed by the parties, said real estate taxes are to be estimated at 110% of the most recent tax bill. The 2024 tax bill for subject real estate was in the amount of$3,953.70; $3,953.70 X 110% _ $4,349.07. This is the figure to be used to pro-rate the 2025 and 2026 real estate taxes. 2. Rights of the public, State of Illinois, and the municipality in and to that part of the premises in question taken, used or dedicated for streets, alleys, roads and/or highways. 3. Rights of way for drainage ditches, drain tiles, feeders, laterals, and underground pipe, if any. 4. Zoning and/or other restrictions and prohibitions imposed by governmental authority. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by Advocus National Title Insurance Company. This Commitment is not valid without the Notice;the Commitment to Issue Policy;the Commitment Conditions;Schedule A;Schedule B,Part I—Requirements;and Schedule B, Part ll—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association.All rights reserved. A nntrKicnu The use of this Form(or any derivative thereof)is restricted to ALTA licensees and [AND TITLL ALTA members in good standing as of the date of use.All other uses are prohibited. A,O( AT10% Reprinted under license from the American Land Title Association. Page 6 of 8 American Land Title Association Commitment for Title Insurance 2021 v.01.00(07-01-2021) EXHIBIT "A" The Land referred to herein below is situated in the County of Fulton, State of Illinois and is described as follows: Lots Numbered 1, 2, 3, 12, 13 and 14 in Block 1 in Gould's Addition to the City of Canton, County of Fulton and State of Illinois. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by Advocus National Title Insurance Company. This Commitment is not valid without the Notice;the Commitment to Issue Policy;the Commitment Conditions;Schedule A;Schedule 8,Part I—Requirements;and Schedule B, Part ll—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association.All rights reserved. AM F RI CAN The use of this Form(or any derivative thereof)is restricted to ALTA licensees and LAND TITT[ ALTA members in good standing as of the date of use.All other uses are prohibited. „< Reprinted under license from the American Land Title Association. r Page 7 of 8 American Land Title Association Commitment for Title Insurance 2021 v.01.00(07-01-2021) CHAIN OF TITLE The only conveyances affecting said land, which recorded within twenty-four(24) months of the date of this report, are as follows: Property: 209 East Chestnut Street, Canton, IL 61520 MidAmerica National Bank(f/k/a The National Bank of Canton), not personally, but as Trustee under the provisions of a trust agreement dated September 15, 1989, known as the Mary P. Sedgwick Trust#879 to Ralph P. Sedgwick, as to an undivided one-tenth (1/10) interest therein, and Raoul J. Sedgwick, as to an undivided one-tenth (1/10) interest therein, by trustee's deed dated 02/23/2001 and recorded on 02/23/2002 as Document 0110498 in the Official Records of the Fulton County Recorder of Deeds. Ralph P. Sedgwick, as Independent Administrator of the Estate of Raoul J. Sedgwick, deceased, to Ralph P. Sedgwick, as to an undivided one/tenth (1/10) interest therein, by independent administrator's deed dated 09/05/2002 and recorded on 09/05/2002 as Document 0223588 in the Official Records of the Fulton County Recorder of Deeds. MidAmerica National Bank (f/k/a The National Bank of Canton), not personally, but as Trustee under the provisions of a trust agreement dated September 15, 1989, known as the Mary P. Sedgwick Trust-#879, and as Independent Executor of the estate of Mary P. Sedgwick, deceased, to Ralph P. Sedgwick, as to an undivided eight/tenths (8/10) interest therein, by deed in distribution dated 12/13/2005 and recorded on 12/13/2005 as Document 0501774 in the Official Records of the Fulton County Recorder of Deeds. Ralph P. Sedgwick to Ralph P. Sedgwick, not individually, but as Trustee of the Sedgwick Family Trust No. 1, dated June 20, 2007, by warranty deed in trust dated 06/20/2007 and recorded on 07/20/2007 as Document 0713762 in the Official Records of the Fulton County Recorder of Deeds. Ralph P. Sedgwick, not individually, but as Trustee of the Sedgwick Family Trust No. 1, dated June 20, 2007, to Ralph P. Sedgwick, not individually, but as Trustee of the Ralph P. Sedgwick Trust, dated January 27, 2012, by warranty deed in trust dated 01/27/2012 and recorded on 02/01/2012 as Document 1244189 in the Official Records of the Fulton County Recorder of Deeds. Ralph P. Sedgwick, not individually, but as Trustee of the Ralph P. Sedgwick Trust dated June 20, 2007, to Ralph P. Sedgwick, not individually, but as Trustee of Ralph P. Sedgwick Trust dated January 27, 2012 by corrective deed in trust dated 08/01/2017 and recorded on 01/12/2018 as Document 1879361 in the Official Records of the Fulton County Recorder of Deeds. (Note: Said deed purports to correct the title to subject real estate as referenced in Document No. 1244189 and consists of additional real estate which is not the subject of this title commitment.) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by Advocus National Title Insurance Company. This Commitment is not valid without the Notice;the Commitment to Issue Policy;the Commitment Conditions;Schedule A;Schedule B, Part I—Requirements;and Schedule 8, Part ll—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association.All rights reserved. A AM f RICAN The use of this Form(or any derivative thereof)is restricted to ALTA licensees and LAND TITLE ALTA members in good standing as of the date of use.All other uses are prohibited. A11111 1 Reprinted under license from the American Land Title Association. Page 8 of 8 McCarthy and Jackson LLC ALTA Buyer's Final Settlement Statement ALTA Universal ID:1114910 209 East Chestnut Street Suite 1 Canton,IL 61520 (309)647-7477 File#: 2026-03-107 Property 209 East Chestnut Street Settlement Date 03/20/2026 Print Date&Time: 03/19/2026 at 11:05 PM Canton,IL 61520 Disbursement Date 03/20/2026 CDT Buyer City of Canton Escrow Officer: Nate Jackson 2 North Main Street Settlement Location: 209 East Chestnut Street Canton,IL 61520 Suite 1 Seller Ralph P.Sedgwick,Trustee Canton,IL,61520 of Ralph P.Sedgwick Trust dated January 27,2012 21520 East Brereton Road Canton,IL 61520 Lender MidAmerica National Bank 100 West Elm Street P.O.Box 310 Canton,IL 61520 Description Buyer Debit Credit Financial Sale Price of Property $200,000.00 Prorations/Adjustments County Taxes 01/01/2025 to 12/31/2025 $4,349.07 County Taxes 01/01/2026 to 03/20/2026 $941.31 Government Recording and Transfer Charges Recording Fees $96.00 ---Deed:$96.00 Title Charges&Escrow/Settlement Charges Title-CPL(Borrower)to Advocus National Title Insurance Company $25.00 Title-Incoming Wire Fee to MidAmerica National Bank $15.00 Title-Settlement or Closing Fee to McCarthy and Jackson LLC $250.00 Debit Credit Subtotals $200,386.00 $5,290.38 Due from Buyer $195,095.62 Totals $200,386.00 $200,386.00 Acknowledgement We/I have carefully reviewed the Settlement Statement and find it to be a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction and further certify that I have received a copy of the Settlement Statement. We/I guthorize McCarthy an ackson LLC too a the funds to be disbursed in accordance with this statement. CVyant.n—,an Illinois munic orporation Date `N 4 3-2o�s#z (i Settlement t Date Produced by McCarthy and Jackson LLC Using Qualia Page 1 of 1 File#2026-03-107 Printed on 03/19/2026 at 11:05 PM CDT