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Agenda - Council - 03/23/2010
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Agenda - Council - 03/23/2010
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3/18/2025 2:33:10 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
03/23/2010
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b. A well certificate and/or a Sewage Treatment System Disclosure pursuant <br />to Paragraph 9.i(5)(6). <br />C. If the Property contains or contained a storage tank, an affidavit with <br />respect thereto, as required by Minn. Stat. Section 116.48. <br />d. A non - foreign affidavit, (FIRPTA affidavit) properly executed and in <br />recordable form, containing such information as is required by IRC <br />Section 1445(b)(2) and its regulations. <br />e. An appropriate Federal Income Tax repp ng form, if any is required. <br />f. Such further affidavits of SELLER, certificates- Of value or other <br />documents as may be reasonable required by BUYER tle company in <br />order to record the SELLERS Closing Documents and issue BUYER the <br />owner's title insurance policy tired by this Agreement. <br />13. EVIDENCE OF TITLE, Evidence of Title.. Within ten (10) days after <br />execution of this Agreement, SELLER shill - furnish BUYER: <br />a. A Registered Propert�_ Abstrac�-,., together with proper searches covering <br />bankruptcy, federal and state- judgrnie' n .and tax liens, real estate taxes and <br />special; assessments. <br />b. -. A- commitme' t for an ALTA owner's policy of title insurance covering the <br />I'iv erty issued by Title. <br />c. SELLERPmay provide a.ttle commitment issued by Title to BUYER and, <br />:that case;' SELLER shall not be obligated to provide to BUYER a <br />kegislered Pr perty Abstract. <br />14. EXAMINATION OF TITLE. BUYER shall be allowed until the date fifteen <br />(15) days after receipt of such title evidence for examination of title and the making of any <br />objections thereto,. -which oboctions shall be in writing or they will be deemed to be waived. If <br />any objections are So made; SELLER shall be allowed until the Closing Date to make correct <br />such objections but sh have no obligation to do so. <br />If said objections have not been cured by the Closing Date, as above provided, BUYER <br />shall have the option of: <br />a. Declaring this Agreement null and void and receiving a refund from <br />SELLER of all Earnest Money paid hereunder; or <br />8 <br />
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