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MINNESOTA STANDARD RESIDENTIAL PURCHASE AGREEMENT
<br />©Copyr~gh11088, by Hennspln Counly Bar 41oc~lallon, Minneapolis, Minnesota.
<br />BEFORE YOU USE OR SIGN THIS CONTRACT, YOU SHOUI~O CONSULT WITH AN AI-rORNEY TO DE'3~RMINE THAT THIS CONTRACT
<br />ADEQUATELY PROTECTS YOUR LEGAL RI~IHTB. Hennepln County Bar Association disclaims any liability a~lng out Gl use or this form.
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<br />I. PARTIl~S. ThlsPurchassAgreementler~iadeon '~,~FI~'''~''~''~[~'~ lg9~ ,, by and between
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<br />3. (Address)
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<br /> (marital status)
<br /> RR'I ~ 'H~. 1 ~ ._'hl ~--_~; Ar',r~L,n ,' ~1'~. c~c~('}"3, .. SELLER, AND
<br /> aa JOint tenants I~lrlxe 'Joint tenants'
<br />(Name) P, i f'~ nF 'I~alTISP..V IHenanc'l"ln'c°mmenlslntendadl, OF
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<br />(Address} r .... BUYER.
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<br />2. OFFER/ACCEPTANCE. Buyer oilers IO purchase and Seller agrees lo sell real properly legally described as
<br /> See attached F. xhf. bJ.~ "Au
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<br /> .) k:~.alad el ~,l.real Address)
<br /> ~. Cltycf HBmse.v ,Countyol ._~t'lok.a ,SteleofMInnesola
<br />I ; [, 3~eteA. CCEPTANCE DEADLINE, This oiler I ~ purchase, unless accepted sooner, shall be null and void at 11:6g P.M.
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<br /> ~ and In such event all earcesl money shall be refunded Io Buyer.
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<br /> ~, 4. PERSONAL PROPERTY AND FIXTUR B INCLUDED IN SALE.~E
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<br />I Upon delivery of the deed, Seller shall also d~llver a Sill o~ Sale lot Ihs above personal pmpeMy.
<br /> .~;, PRiCE~Ni;).'tERMS, Thep~ce,(,okli3e, r~,andperconalpropertylncludedlnlhlssalela 'I'hi~:r. een Thousand Two
<br /> . r~unet-e~ ~tXt:y an(3 .uu/~.t.V---l.--f~ ......... ..: ............. Dollcrs($ ]~,k~{:)O,iJU )
<br /> ".1. which Buyer shell pay as follows: Earnall rag lay of $ : 0 ('*J · {')~ . by (cash. checl~ Or no~r -sfllh~ wnich)~
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<br />receipt el which Is hereby a~:k, qow~g~d ~
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<br />6. DEED/MARKETABLE TITLE, Upon pe
<br />Deed, Joined In by spouse, II any, conveying n
<br />iA) Building and zoning laws, ordinances, slat
<br />lB) Reslrlcllons relating Io use or Improvemen
<br />lC} Resewallon of any mineral dghls by the SI
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<br /> , Ihs DATE OF CLOSING,
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<br />'lormance by Buyer, Seller shell execule and deliver a Warranty
<br />isrkalsble title, eubJecl lo:
<br />~ and I'ederal regulatfons;
<br />:et Ihs prope~'y wllhoul alfectlve lorieflure provisions;
<br />ate Gl Minnesota;
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<br />(D) Uiitily and drainage easements which do e ~)t Interlore with existing Improvements;
<br />(E) Exceptions to flue which conslllule encumbrances, restrictions, or easem..~nts which .have I~een ~isc]o§e~ Io B~er and accepted
<br /> byBuyerlnthlsPurchasoAgroement:(M~lbeepocfl'ledlnwrltlng.) ~ee accpcne(3 ,~o~ne~'~m
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<br /> 7, REAL ESTATE TAXES AND SPECIAL &SSESSMENTS. Real estate taxes due and payable In and for Ihs year of closing shall bs prorated
<br /> ', between Softer and Buyer on a calender yaartbasls Io Ihs actual date of closing, unless otherwise provided In Ihls Agreemenl.
<br /> [ <:t..~,- e,~,l ,.-m,'.] BUYER AND SELLER SHAI.~._, PRORATE AS OFTHE DATE OF CLOSING/SELLER SHALL PAY on Date of Closing all Insta~lmenls
<br /> iof special assessments corllfied for payment '.~tlh Iho real estate laxce due and payable In the year of closing.
<br /> [S,~k~. d:,r a;:~' ] BUYER 8HALL ASSUME./SI~LLER SHALL PAY ON DATE OF CLOSING all other special assessments levied as of the dale of this
<br /> .~ agreement.
<br /> · .~ [$lri~,, ~,,.; ..~",. 1 BUYER SHALL ASSUMF-~ELLER SHALL PROVIDE FOR PAYMENT OF special assessments pending as Gl Ihs dale Gl Ibis
<br /> agreement lot Improvomenls that have been ~dered by Ihs Clly Council or olher governmental assessing authorilles. (Seller's progision for peymenl
<br /> -: shell be by payment Inlo escrow of 1',~ Umea I~ eellmeled amount of Ihs assessments.} As Gl Ils date o[ Ills Agreement, Seller raprespnts that Seller
<br /> I has not received a Nollce of Heedng of a he,public Improvamen! proJecl Imm any governmental assessing authority, the cosla Gl which proJecl may
<br /> be assessed agalnsl Ihs property. II a apecJeliascessmen! becomes pending after the dale Gl Ihrs Agreamen~ and bet'ora/he date Gl clos{ng, Buyer
<br /> ;'.' may, at Buyer's option:
<br /> ., A. Assume peymenl Gl the pending specldl assessment without adJustmenl to Ihs purchase agreement prlce o( the property; or,
<br /> : B. Require Seller to pay Ihs pending ape~lal assessment (or escrow for paymanl of same as provided above) and Buyer shell pay e commens.
<br /> i!ii urals Increase In tho purchase price of ~e property, which Increase shall be Ihs ,nme a, ,he estlmaled amount Gl the assessment; or,
<br /> · O. Declare this Agreement nut[ and void I~ notice to Seller, end earnest money shall be refunded (o Buyer. . ·
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<br /> [Strike ~.~ o.e,J BUYER SHALL ASSUME/SELLER 8HALL PAY ON DATE OF CLOSING any delerred real estate laxes or special essessmenls
<br /> ;5. payment of which Is required as a rasull of the;clcelng of Ihls sale, ' ·
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<br /> :,~ Buyer shall pay real estate taxes due and pay~31e In the year Ioliowlng closing and Ihereafler and any unpaid special ascessmenls, p~y~b, la therewith
<br /> !.7 and Ilereafler, the payment of which Is eel othi~rwlse provided herein. Seller warrenls Ihat laxes due and payable In Ihs year(s} / '~ ~ h
<br /> will be (r.~J~ ~ '~.M~' NON.Is~t~.~t~) hom~slead classification. Seller makes no representation concerning the amount of/ulure real estate taxes
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<br /> '.;9. or of future special ascessmenls, .
<br /> ,3:').8. DAMAGES TO REAL PROPERTY. If Ihs ~'eal property Is substangelly damaged prior to closlng, this Agreement shall lermlnate and Ihs earnest
<br /> ,~,1. money shall be refunded Io Buyer. II Ils re~ properly Is damaged malerlally but less Ilan substantially prior Io closing, Buyer may rescind this
<br /> ,~2. Agreement by nollce Io Seller within Iwanty-ofla (2t) deya after Seller notifies Bwar or such damage, during which 21-day period Buyer may Inspacl
<br /> ~13 the re al property, and In Ihs evenl of euoh res~sslon, Ils earnest money shall be ralunded lo Buyer.
<br />I;: 9. SELLER'S BOUNDARY LINE, ACCESSi RESTRICTIONS AND LIEN WARRAN'I1ES, Seller warrants Ilar buildings, If any, are entirely wllhln
<br /> -.. the beunda~/lines Gl Ils property. Seller war/~antl that there b a light ol access to the raa~ property from a public tlghl Gl way. Seller werranls thai
<br /> ,~..'. Ihere has been no labor or material fumlshe~l tO the property for which payment has not been made. Seller wan'ants that there are no present
<br /> ..'f .' violations Gl any restrictions relating Io the us~ or Improvement of the property. These warranties sh~ll sundve the delivery Gl Ihs deed or conlracl lot
<br /> :~; deed.
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