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JU_---02-2004 09:45 CITY OF RANBEY ?6342?5543 P.02
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<br />PURCHASE AGREEMENT
<br />
<br /> 1. PARTIES. This Agreement is made on this day of ,2004
<br />by and between BENEDI~andDOROT-IIY~I~5;ORE-CKI, husband and wife,
<br />AND JEFFREY T. MARTIN and. MARY A.-MARTIN, husband and wife,
<br />"SF, LLgI~"), with address at'.lql ?.Z r/-k& adMinncsotaand the CITY OF
<br />RAMSEY, a Minnesota municipal corporation, ("BUYER"), with address 15153 Nowthen
<br />Boulevard, Ramsey, Minnesota 55303.
<br />
<br /> 2. OFFER/ACCEPTANCE. BUYER offers to purchase and SELLER agrees to sell
<br />real property located at 14140 Azurite Street NW, Ramsey, Minnesota, 55303, Anoka County,
<br />Minnesota, legally described as follows:
<br />
<br />The North 200 feet of the South 233 feet of the West 200 feet of the East 1146
<br />feet of the South Haft of the Southeast Quarter of Section 27, Township 32,
<br />Range 25, Anoka County, Minnesota;
<br />
<br />Anoka County PIN 27 32 25 44 0002
<br />(the "Property"),
<br />
<br />The term "Property" as used in this Agreement shall include all improvements, fixtures, including
<br />any trade fixtures and, now existing on the date of closing, together with all hereditaments and
<br />appurtenances to the Property including but not limited to all mechanical, electrical, heating, air
<br />conditioning, drainage, sewer, water, plumbing and roofing systems, if any. The parties do not
<br />contemplate the conveyance of any personal property pursuant to this Agreement.
<br />
<br /> 3. ACCEPTANCE. The acceptance date of this Agreement is the date it is delivered
<br />by the last party signing to the other party.
<br />
<br /> 4. PRICE. The Purchase Price for the Property is One Hundred Sixty Nine Thousand
<br />Nine Hundred and 00/100 Dollars ($169,900.00), ("Purchase Price"), payable in full at Closing.
<br />
<br /> 5. EARNEST MONEY. Concurrently with the execution hereof BUYER shall
<br />deposit with S -gld_~,R_the amount of Two Thousand Dollars ($2,000.00) as Earnest Money
<br />hereunder ("Earnest Money").
<br />
<br /> 6. DEED/MARKETABLE TITLE. Conveyance Terms. Upon BUYER'S full
<br />performance of' BUYER'S obligations under this Agreement, SELLER shall execute and deliver to
<br />BUYER, on the date of closing, a Warranty Deed conveying fee title to the Property to BUYER,
<br />subject only to:
<br />
<br />a. Building, zoning and subdivision statutes, laws, ordinances and regulations.
<br />
<br />Reservations of minerals or of mineral fights in favor of the State of
<br />Minnesota, if any.
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