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VACANT LAND PURCHASE AGREEMENT
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<br />72. REAL ESTATt~ TAXES ~ be paid a~
<br /> 73, I~u'yer ,hall pay, ,pmr'lted Imm daY~.Lclo~,~lln.~, __12th., .all_.L~e_-} mai ese. ale taxes due and payable in Ihe year 19. 7~z'.
<br /> 74, Seller shall pay, ~rormted to d.~ of closing, ~121h~/~one reel eslale laxes due end payable in the year 19 ~ ?.
<br />7& In Ihe evenl Ihe c~3,sh'~ date is changed. Ihe reel es~ale la, xes paid sha~l, tl proraled, be adjusted Io Ihe new closing dele. Seller warrant3
<br />76. ~axes du~ ~d i:~ in the ye~' 19 ~ ~;'- will be NON-HOMES'TEAD c~assifm:::am':~. S4¢e¢ agrees Io pay BUY~' al ~ ~t $
<br /> 77. towa~ the ~eed I:~'1i(~ of the maJ eerie taxes. Bu'y~ agrees ~ pay any remair~ ba~,'x2e o~ ~eed laxes wfie~ lt~B, become
<br /> 7~. due end pay~bl& Neilher Se4~r rmor Agen~(s) n~lke any rOf'~esant,31ion concefntr~ Ihe er'no~nl o~ subseoc~en{ r~el est~le taxes.
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<br /> 7~. SPEC~^L ASSESSMENTS ~,, be paid es ~:,~: _LOS ~'S~ C~S~--r~'"-
<br /> 80. BUYER AND SELLER SHALL PRORATE AS OF THE DATE OF C ELLER SHALL PAY ON DATE DF
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<br /> et. installments ~ spec~ assessrnent, s~med lot peyTnent wiU~ lite reel esiale laxes due and payable in Ihe year Gl closing·
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<br />83. BUYER SHALL ASSUME N~'~'-ER SHALL PROVIDE FOR PAYMENT OF-~l'~cisl. a. ssessments pendir~g a~ cl Ibm dele of dosing
<br />64. impf1:~emen~s Ihel hav~ be~n"~er~"~m~m/~ounc,i o,' o4he¢ a.~es.~ng autho~'lfies."' (Seller's i~:~i.sion lot payrnen~
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<br /> 86. o.n dale o( closing any dalerred reel aslale Iaxas (i.e., Green Acres, alc.) or special assasaments payment O[ wi)ich is recluired ~ e result
<br /> B"/. Ihe c~Osing Gl this sale. Buyer eh~lt pay feel eetete taxes due end payable In the y~er tollOv,'~ng closing end 1hereafter end any unpaid sped, el
<br /> 8.8. as.segments payable Ihe~ewtlh end thereeller, Ihe paymenl bl which is no~ o~herW~se provided,
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<br />89. ACCEPTANCE: Buyer underslands end agrees thai this Purchase/'~reemenl is eub~ec4, to acceptance by Seller in w~ing. Ag. en~ ere nc4 ~
<br />gO. or responsible Io,r any covenanls, o~oligel~"mS ~ warranlies mede in Ibis Purct~sa Agreement, excapl Ihe agents are liable Io return o,-
<br />gl. tor the eemes~ money. The delivery o{ alt p~p~m and monies shell be mede am. Ihe listing broke¢'s oliice.
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<br />92.. INSPECTION: Buyer has Ihe rigl'~ to Inspeet property prio~' lc, chasing.
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<br />93 GENERAL WARRANTIES: Sm I ~=R WARRANrTS THAT THE BUILDINGS, IF ANY, ARE ENTIRELY WITHIN THE ~.OUNDARY UNES OF THE
<br />94. PROPERTY. SELLER WARRANT~ THAT THERE iS A RIGHT OF ACCESS TO THE PROPERTY FROM A PUBLIC RIGHT OF WAY. THESE
<br /> 95. WARRANTIES SHALL SURVIVE THE DELIVERY OF THE DEED OR CONTRACT FOR DEED.
<br />96 SELLER WARRANTS THAT PRIOR TO THE CLOSING DATE PAYMENT IN FULL WILL HAVE BEEN MADE FOR ALL LABOR, NLATEP-JAf~::,
<br />g7. MACHINERY, FIXTURES OR TOOLS FURNISHED WITHIN THE 120 DAYS IMMEDIATELY PRECEDING THE CLOSING DATE IN
<br />98. CONNECTION WITH CONSTRUCTION, ALTERATION OR REPAIR OF ANY STRUCTURE ON OR IMPROVEMENT TO THE PROPERTY.
<br />99. SELL.ER WARRANTS THAT SELLER HAS NOT RECEIVED ANY NOTICE FROM ANY GOVERNMF-N~AL AUTHORrr'Y AS TO VIOLA'lION
<br />100. OF ANY LAW, ORDINANCE OR REGULATION. IF THE PROPERTY IS SUBJECT TO RESTRICTIVE COVENANTS, S~LLER WARRANTS
<br />101. THAT BELLER PAS HOT RECEIVED AHY NOTICE FROM ANY PERSON OR AUTHORITY AS TO A BREACH OF THE COVENANTS. ANY
<br />102. NOTICES RECEIVED BY SELLI::R WILL BE PROVIDED TO BUYER IMMEDIATELY.
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<br />103. PJSK OF LOSS: rf thee is any ices c¢ darnac2e b the prs, peny b,e','ween lite dee I'le,'ed and Ihe date d ~, IGC any ma:son i'~dud, rmg ~e. van,da~rn,
<br />104. Ik:x:x:l, eazth<fue~e (x am ot C-;-;-;-;-;-:~d, the risk of Ides shall be on SaBer II Ihe pn:)perty is desln:~ ~ subs'~ial~y damaged b, etom 1he c'w3sing ,:~le.
<br />10~. Ptm;:ha..~e/~jreern~nt shalt become nul~ and void, em. Buyer',: deign, end e;~.mesl moray sha/l be mlunded to Bu,~r, Buye~ end Se[~ agree Id ~
<br />106 cancellalic~ ot Purchase Agreement.
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<br /> 6. ANY Ct:~IM OR DEMAND OF ~(S), BUYER(S}, BP~O. KER(S) OR AGENT(Si, OR,,~ANY OF THEM, ARISING D, UT OF OR RELAT~G I
<br /> 9.1'O THE\P..HYSICAL C, ONDFI'tOH"~OF THB PROPERTY '~,~VERED BY THIS PUR~'IASE AGREEMENT flI'~LUDING
<br /> q. LIMJ'TATIOhh,(:..I_AIMS OF FRAUD, MPS,I~EPRESENTATION, WA'/",~NTY AND NEGLIGENG\E}, SHALL BE SETTLED',~Y ARBF'i'P,.A'rloN~
<br /> 1.~N ACCORDA'N~E WITH THE RULE. S,~}"I.-IER IN F_FFECT, ADOI:~D BY THE AMERICAI~,.g, RBITRATION ASSOCi,Z~T~ON AND THEI~
<br /> 2. MINNESOTA A~.OCIATION eF REALTO,~S~'. THIS iS A SEPAPJ~T,.E VOLUNTARY AGREE'I~ENT BETWEEN THE J:~.RTIES
<br /> 3. BROKERS/AGENT~ FAILUR~ TO AGREE ~ ARBITRATE DOES NOT',..AFFECT THE VALIDtT'~OF THIS PURCHASE A~)EEMEN'~,
<br /> 114. 'fHl~ DISPUTE RES'~LJ.F~ON SYSTEM IS ~3~LY ENFORCEABLE IF A'L.L PARTIES AND BRO'K,~-..RS/AGENTS HAVE AGP~-D
<br />,SAR ,,TE AS AC ,W GEO N=TIA ,BE,OW. x , x ..... '",
<br />~6. BUYER(S) . ~,,ELLER[S) ,LISTING BROKEPJAGENT,,. SELLII~I.G_X~, ROKER/AGENT
<br />117, D.EF_AULT: II lee is merge~e ~ is correcmd as I:x~:n,ided herein, ~ Buyer de[au'he in any of Ihs agreemen~ heroin, S.el~r may lermlnaJ, e
<br />11& this .P. umhase .Agr~e~. nt a~d i:>aymenls made hemu.m:t.., er may be m',a~ned by Seller ~ ..~....n',, a~ their mspe,=ive !n~ems'is may appel. This
<br />119` ~:x~`esx~ sh~aj r~ b6-Ddve ~ ~ or ~ d the rig~ ~ m~v~ darnages- ~c e ~:x~3~h c~ rrfts ~ cr d l~e ~ d ~ ~
<br />120` d this ,~eeme~ r:~'~ided this F'u~'~.sa Agmeme"X is r~ mrmin~ed, a~d lurthe~ I:,~:~v~d, as to sCecifc ~ ~ ~ ~ ~
<br />121. wilhin six moths eller such righl Of action arises,
<br />127_ TIME OF ESSENCE: T~me i~ o[ the essence I~ [his Pun::hase/~me,ement.
<br />123. ENTIRE AGREEMEN'~, ~ Pun;base Agre,emef'~ any el~ached exh~; end ar5' addenda or amendmerTts s~"~ed by Ihe parUes, shaJl cor~sLilu~e
<br />124. the e~im/~er~ be'¢A',~en SaBer ~ Buyer, and supercedes any o~r~r wdtlen or oral ~gre~men~ between S,elk~' :and Bu,/er. This Pumhaz, e
<br />125. ,~n'eemer~ can be modh3ed o,nty ,.in writing eigned by Seller a.r,d Bu'~r.
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<br />128. be pleated bet,,,~enlhe padies as o,: )~)~"r'C' ~ ~ ~o~"~, .~~ , Sailer agrees Io remo,,~ ALL
<br />I2'9. DEBRIS AND ALL PE~NAL PROPERTY NOT INCLUDED HEREIN Iro. rn'lne properly by possession date, .
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<br />131. THE . ! IN THIS TRANSACllON, THE LISTING AGENT OR BRO,,KER/.ST1PULA'I ES HE ~)R S~E IS{
<br />132. REPRESENTING THE SELLER IN THIS TRANSACTION. BUYER & SELLEn INITIAL: Buyer(e)
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<br />133. l, ~'m Owner of ~ pn;:,perty, eccep~ [his agm~me.r~ and I agree ~o purchase 1he pn:)pe¢~r.r.r~ for the price and on Ihe
<br />134. authorize Iha listing broker to wilhdraw said prcp.erly Imm lares and condiUons set
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<br />140. DATE OF RNAL AC'CEPTANCE
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<br />1.42. u~:
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<br /> SELLING AGENT ~ . .,
<br /> THIS IS A LEC,.hLLY BINDING CONTRACT BETWEFN BUYERS AND SEI~LERS.
<br />IF YOU DESIRE LEGAL OR TAX ADVICE. CONSULT AN APPROPRIATE PROFE.~IONAI'.
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