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0~×17×99 <br /> <br />15:25 LAW OFFICES 2140 4TH RUE ~ 612 42? 5543 <br /> <br />N0.469 ~03 <br /> <br /> I <br /> <br /> 2.1 One Dollar ($1.00) as earnest money (the 'Earnest Mouey') paid by cheer by BUYER, the <br /> <br />receip~ of which is hereby acknowledged by SELLER. l <br /> 2,2 The balance of~e Purchase Price is payable by check o-a the Closing Date (as l~ereafter <br /> <br />defined). I <br /> 3. DEE1)~IABLE TlT,I..~. Ulx>n performance by B~ SI~_ J,k"rR _~hali deliver a I <br />Minnesota Uniform Conveyaneing Blank, Form No. ¢-M Warranty Deed. conveying ma.rkctable tifle, subject to: <br /> <br /> a. Buildin8 a~ zoning la,es, ordinances, state and federal regulations: I <br /> <br /> c, Reservation of any mineral rights by the State of Mirmesota; and <br /> d. Odliw and drainage easements. I <br /> 4. TITLE AND ~TION, BUYER shall, at BUYER's expense, within a reasonable time <br /> <br />after accep~artee ot~is Agreement, obtain a Commitment for a Title Insurance Policy. BUYER si~__ll have ten (10) I <br />busSness days after receipt of the Commim~ent for Title Insmance to provide SELLER with a copy of the I <br />Commitment and written objections. BUYER _qhal! be deemed to have waived any title objections not made within <br /> <br />the ten (I0) business day period, except that this shall nOt operate as a w~.[ver of SE~'s cOVenant to deliver a I <br />Warranty Deed. <br /> 4.1 TI'rLE CORRECTIONSANII~IE5. SEI.LER.ehall have 120days frcrmreceipt I <br />of BUYER's written title objection(s) to make title marketable. Upon receipt of BUYER's title objections, ! <br />~ELLER $11aII, within tell (10) btlsilleS$ days, notify ItUS'ER of SEL~'s intention to make title <br /> <br />witlfin the 120 day period. Liens or encumbrances/or liquidated amounts which can be released by payment or I <br />escrow from proceeds of closing shall not delay the closklg. Cure of the defects by SELLER shall be reasonable, <br />diligent, and prompt, pending correction of rifle, all payments required herein and the closing shall be posqxmed. I <br />4.2 If notice is given and SELLER makes rifle markelable, then upon presentation to BUYER I <br />of documentation establishing that title has been made marketable, and if not objected to in the same time and <br /> <br /> ! <br /> <br /> <br />