2005-06-29 Potter Land Purchase Agreement
PURCHASE AGREEMENT
This form approved by the Minnesota Association of
REALTORSCllI, which disclaims any liability
arising out of use or misuse of this form.
e 2004 Minnesota Association of REALTORSCl!I. Edina, MN
1.
2.
Date
Page 1 of
(" "d 9" -'tJ ,5"
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RECEIVED OF c.~ '1f aLb;;t;;;rltA-
the sum of ~. Dollars ($ (!) )
b.x.-D CHECK D GAsH. (] NOTE as earnest money to be deposited upon acceptance of Purchase Agreement by all parties, on or
........................(ch8c/c oneJ-....-................
before the third business day after acceptance, In the trust account of listing broker but to be returned to Buyer If Purchase
Agreement is not accepted by Seller. Said earnest money is part payment for the purchase of the property located at:
Street Address: .
City of
legally described as:
7.
8.
9.
10
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15.
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~
including all fixtures on the following property, if a ,owned by Seller and used and located on said property, including but not limited to garden bulbs,
plants, shrubs and trees; storm sash, storm doors, screens and awnings; window shades, blinds, traverse and curtain and drapery rods; attached
lighting fixtures and bulbs; plumbing fixtures, water heater, heating plants (with any burners, tanks, stokers~an other equipment used in
connection therewith), built-in air-conditioning equipment, electronic air filter, water softener DOWNED DRENTED NE, built-in humidifier
-.....--.-...-(ahecIc one}-.. ................
and dehumidifier, liquid gas tank and controls (if the property of Seller), sump pump; attached television antenna. cable TV jacks and
Wiring; BUILT-INS: dishwashers, garbage disposals, trash compactors, ovens, cook-top stoves, microwave ovens, hood fans, intercoms;
ATTACHED: carpeting; mirrors; garage door openers and all controls; smoke detectors; fireplace screens, doors and heatilators; AND the following
personal property:
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18.
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21.
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23.
24.
LA-- /1/ f')
oAr LV
29.
30.
31.
all of which property Seller has this day agreed to sell to Buyer for sum of ($ I ~ {} . 0 () I> . PJ--
~ k~~ .~ ~_,~.-J' r- .~I'
which Buyer agrees to pay in the following manner: cash down paym&nt of at least. " percent (%) of the sale price, which Includes the earnest
money, and financing, the total amount secured against this property to fund this purchase, not to exceed _percent (%) of the sale price.
Such financing will be (check one) D a first mortgage or contract for deed; or D a first mortgage with subordinate f1nanc~, as described in the
attached Addendum: OConventional 0 FHA 0 DVA 0 Assumption OContract for Deed -~her: tJ-4- r
.---.-..-...-.-.-.---..-.---.------...-.---(ahecca//Ihs/BpIlf)tJ-.:----.-.-.----~-~:.._---.-_.--..-.-...---_.--.-.-_.
The date of closing shall be q -/.5' ,20 () S C I!.. See "'" ~ It.
This Purchase Agreement g.!,~~ subject to a Contingency Addendum for sale of Buyer's property. (If answer is IS, see attached Addendum.)
(If answer is IS NOT, the closing of Buyer's property, if any, may still affect Buyer's ability to obtain financing, if financing is applicable.)
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)
Dollars,
25.
26.
27.
28.
32. This Purchase Agreement D IS O<fs NOT subject to cancellation of a previously written Purchase Agreement dated
--~)--
33. (If answer is IS, said cancellation shall be obtained no later than .,20_. If said cancellation is not obtained
34. by said date, this Purchase Agreement is cancelled. Buyer and Seller shall immediately sign a Cancellation of Purchase Agreement
35. confirming said cancellation and directing all earnest money paid hereunder to be refunded to Buyer.)
36. This Purchase Agreeme~ D IS NOT subject to a Vacant Land Addendum. (If answer is IS, see attached Addendum.) Buyer has
-.--(check one)--
37. been made aware of the availability of property inspections. BuYer D EI~~~~ to have a property inspection performed at Buyer's expense.
38. This Purchase Agreement qls ~0ItS~~!. subject to an Inspection Addendum. (If answer is IS, see attached Addendum.)
39. DEEDlMARKETABLEMLE: Upon performance by Buyer, Seller shall deliver ~~~~~~ or 0 ~=:one)--_..___....._.___~~~.d
40. joined in by spouse, if any, conveying marketable title, subject to:
41. (A) building and zoning laws, ordinances, state and federal regulations; (B) restrictions relating to use or improvement of the
42. property without effective forfeiture provisions; (C) reservation of any mineral rights by the State of Minnesota; (0) utility.and
43. drainage easements which do not interfere with existing improvements; (E) rights of tenants as follows (unless specified, not
44. subject to tenancies):
45. (F) others (must be specified in writing): .
46. g,,~UYER S~~LL P~~~~:~E~~~_~LL_.!.~~ on date of closing any. deferred .real estate taxes (e.g., Green Acres, etc.) or special
47. assessments, payment of which is required as a result of the closing of this sale.
48. g_~~!~~~~~_~~:~~_~~.~..':.~~~~!.!:.~~.~~.:!.HE_~~~_~~~~~_~E~~!.!. SH~~~_~~~.~~~~..!?~~.~~~.~~ all installments
49. of special assessments certified for payment, with the real estate taxes due and payable in the year of closing.
50. ~YER SHALL A~~!)-pS~LLER ~~A~L ~~!. on date of closing all other special assessments levied as of the date of~~i~ ~gree~e~t.
51. ~~!~f!.~!:!~~~~~~~~.5..g~~~~~~.~~..~~OV].~~.!.~':'...~~!~!~~~ special assessments pending as of the date Of this Agreement
52. for improvements that have been ordered by any assessing authorities. (Seller's provision for payment shall be by
53. payment into escrow of two (2) times the estimated amount of the assessments or less, as required by Buyer's lender.)
54. Buyer shall pay any unpaid special assessments payable in the year following closing and thereafter, the payment of which is not otherwise
55. herein provided. . J...
56. As of the date of this Agreement, Seller represents that Seller~~(~H~~_!t~! received a notice regarding any new improvement
57. project from any assessing authorities, the costs of which' project may be assessed against the property. Any such notice
58. received by Seller after the date of this Purchase Agreement anl:l before closing shall be provided to Buyer immediately. If such notice
59. is issued after the date of this Purchase Agreement and on or before the date of closing, then the parties may agree in writing, on or before the
60. date of closing, to pay, provide for the payment of, or assume the special assessments. In the absence of such agreement, either party may
61. declare this Purchase Agreement cancelled by written notice to the other party, or licensee representing or assisting the other party, in Which case this
62. Purchase Agreement is cancelled. If either party declares this Purchase Agr9El!Tlent cancelled, Buyer and Seller shall immediately sign a Cancellation
63. of Purchase Agreement confirming said cancellation and directing all earnest money paid hereunder to be refunded to Buyer.
MN:PA-1 (8/04)
.,
PURCHASE AGREEMENT
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65. TITLE Be EXAMINATION: Within a reasonable time after acceptance of this Agreement, Seller shall provide
66. evidence of title, which shall include proper searches covering bankruptcies, state and federal judgments and liens,
67. and levied and pending Special Assessments, to Buyer or Buyer's designated title service provider, as follows:
68. If property is abstract, Seller shall provide either (1) a commitment for an owner's policy of title insurance on a current
69. ALTA form issued by an insurer licensed to write title insurance in Minnesota. Seller shall pay the cost of an owner's policy, including the
70. entire premium, title examination fee and the costs of evidence of title for such title insurance policy if no lender's policy is obtained; or only
71. the additional cost of obtaining a simultaneously issued owner's policy if a lender's policy is obtained (Buyer
72. shall pay the premium and the title examination fee for the lender's policy); or (2) an abstract of title certified to date.
73. Seller shall pay for all abstracting fees and surrender any abstract in Seller's possession or control to Buyer at closing.
74. If property is Torrens, Seller shall provide, at Buyer's option and request, either (1) a Registered Property Abstract
75. (RPA) certified to date; or (2) a commitment for an owner's policy of title insurance on a current ALTA form issued by
76. an insurer licensed to write title insurance in Minnesota. Seller shall be responsible to pay, under either option, only
n. those costs necessary to prepare the RPA or commitment. Buyer shall, at Buyer's option, pay for either the Attorney's
78. Opinion or the title insurance premium and examination fee.
79. Seller shall use Seller's best efforts to provide marketable title by the date of closing. In the event Seller has not
80. provided marketable title by the date of closing, Seller shall have an additional 30 days to make title marketable or, in
81. the alternative, Buyer may waive title defects by written notice to Seller. In addition to the 30-day extension,
82. Buyer and Seller may, by mutual agreement, further extend the closing date. Lacking such extension, either party
83. may declare this Purchase Agreement cancelled by written notice to the other party, or licensee representing or assisting the other
84. party, in which case this Purchase Agreement is cancelled. If either party declares this Purchase Agreement cancelled, Buyer and Seller
85. shall immediately sign a Cancellation of Purchase Agreement confirming said cancellation and directing all earnest money paid hereunder
86. to be refunded to Buyer.
87. SUBDIVISION OF LAND: If this sale constitutes or requires a subdivision of land owned by Seller, Seller shall pay
88. all subdivision expenses and obtain all necessary governmental approvals. Seller warrants that the legal description of
89. the real property to be conveyed has been or shall be approved for recording as of the date of closing. Seller warrants
90. that the buildings are or shall be constructed entirely within the boundary lines of the property. Seller warrants
91. that there is a right of access to the property from a public right-of-way. These warranties shall survive the delivery of
92. the deed or contract for deed.
93. Seller warrants that prior to the closing, payment in full will have been made for all labor, materials, machinery,
94. fixtures or tools furnished within the 120 days immediately preceding the closing in connection with construction,
95. alteration or repair of any structure on, or improvement to, the property.
96. Seller warrants that Seller has not received any notice from any governmental authority as to condemnation
97. proceedings, violation of any law, ordinance or regulation. If the property is subject to restrictive covenants, Seller
98~ warrants that Seller has not received any notice from any person or authority as to a breach of the covenants. Any
99. such notices received by Seller will be provided to Buyer immediately.
100. Seller agrees to allow reasonable access to the property for performance of any surveys or inspections agreed to herein.
101. RISK OF LOSS: If there is any loss or damage to the property between the date hereof and the date of closing for any reason, including
102. fire, vandalism. flood. earthquake or act of God. the risk of loss shall be on Seller. If the property is destroyed
103. or substantially damaged before the closing date, this Purchase Agreement is cancelled. at Buyer's option, by written notice to Seller
104. or licensee representing or assisting Seller. If Buyer cancels this Purchase Agreement, Buyer and Seller shall immediately sign a
105. Cancellation of Purchase Agreement confirming said cancellatiop'and directing all earnest money paid hereunder to be refunded to
106. Buyer.
107. TIME OF ESSENCE: Time is of the essence in this Purchase Agreement.
108. ENTIRE AGREEMENT: This Purchase Agreement, any attached exhibits and any addenda or amendments signed
109. by the parties shall constitute the entire agreement between Seller and Buyer and supersedes any other written or
110. oral agreements between Seller and Buyer. This Purchase Agreement can be modified or cancelled only in writing signed by
111. Seller and Buyer or by operation of law. All monetary sums are deemed to be United States currency for purposes of this agreement.
112. Buyer or Seller may be required to pay certain dosing costs, which may effecIiveIy reduce the proceeds from the sale or increase the cash
113. outlay at closing.
114. ACCEPTANCE: Buyer understands and agrees that this Purchase Agreement is subject to acceptance by Seller in writing.
--115. DEFAULT: If Buyer defaults in anyoftheagreementsliereuriaer, SellermayteITflTnafe tflllfPUreftase Agt~rnenh..1 ide. ltlEl pi Ov~I.JlI'" of MN
116. Statute 559.21. If either Buyer or Seller defaults in any of the agreements hereunder or there exists an unfulfilled condition after the date
117. specified for fulfillment, either party may cancel this Purchase Agreement under MN Statute 559.217, Subd. 3. Whenever it is provided
118. herein that the Purchase Agreement is cancelled, said language shall be deemed a provision authorizing a Declaratory Cancellation under
119. MN Statute 559.217, Subd. 4.
120. If this Purchase Agreement is not cancelled or terminated as provided hereunder, Buyer or Seller may seek actual damages for breach of
121. this Purchase Agreement or specific performance of this Purchase Agreement; and, as to specific performance, such action must be
122. commenced within six months after such right of action arises.
123. NOTICE REGARDING PREDATORY OFFENDER INFORMAnON: Information regarding the predatory offender registry and persons
124. registered with the predatory offender registry under MN Statute 243.166 may be obtained by contacting the local law enforcement offices
125. in the community where the property is located, or the Minnesota Department of Corrections at (651) 642-0200, or from the Department
126. of Corrections Web site at www.corr.state.mn.us.
MN:PA-2 (8104)
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PURCHASE AGREEMENT
127. Address S;J./~ 1~4~~
128. Page 3 Date . ,/ ;;)_;
-is
Buyer shall pay O~~~~::~~_~~~~ OF_~~:~..!:'_~_~~_~~~~~~.9..NONE real estate taxes due and payable in
the year 20....tJ,.E'.
Seller shall pay O~~~RA~E~!.~..~~Y ~F ~':~.:,El _. 12ths_9 A~L ~NE real estate taxes due and payable in
the year 20 ~. If the closing date is changed, the real estate taxes paid shall, if prorated, be adjusted to the new closing date. SeUer
warrants taxes due and payable in the year 20~shall be OFULL- 0 PART-.JAt<<>N- homestead classification.
.~._..--(check one)--...--.--
If part- or non-homestead classification Is circled, Seller agrees to pay Buyer at closing $ 6
toward the non-homestead real estate taxes. Buyer agrees to pay any remaining balance of non-homestead taxes when they become
due and payable. Buyer shall pay real estate taxes due and payable in the year following closing and thereafter, the payment of which is
not otherwise herein provided. No representations are made conc.erning the amount of subsequent real estate taxes.
POSSESSION: Seller shall deli'ler possession of the property no later than tI~. . ~ .. after closing.
All interest, homeowner's association dues, rents and all charges for city water, city sewer, electricity and natural gas shall be prorated
between the parties as of date of closing. Buyer shall pay Seller for remaining gallons of fuel 011 or liquid petroleum gas on the day of
closing, at the rate of the last fill by Seller. Seller agrel;ls to remove ALL DEBRIS AND ALL PERSONAL PROPERTY NOT INCLUDED
HEREIN from the property by possession date.
ENVIRONMENTAL CONCERNS: To the best of Seller's knowledge, there are no hazardous substances or underground storage
tanks except herein noted: .4/' bAr e.
,
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146. SELLER WARRANTS THAT THE PROPERTY IS EITHER DIRECTLY OR INDIRECTLY CONNECTED TO:
147. CITYSEWEROYES %No I CITYWATER 0 YES ~O
148. ~~_~PPLlC~~~~LLER 0 BU~~~ AGREES TO PROVIDE WATER QUALITY TEST RESULTS SHOWING POTABLE WATE
149. IF REQUIRED BY GOVERNING AUTHORITY AND/OR LENDER.
150. ~ APPLICABLE 0 SELLER 0 BUYER AGREES TO PROVIDE, IF REQUIRED BY THE TERMS OFTHIS PURCHASE AGREEMENT
..................-........-.......(checl< ooe)-........-......-..........-.-.....
151. OR BY GOVERNING AUTHORITY AND/OR LENDER, A LICENSED INSPECTOR'S SEPTIC SYSTEM INSPECTION REPORT 0
152. NOTICE INDICATING IF THE SYSTEM COMPLIES WITH APPLICABLE REGULATIONS. NOTICE: A VALID CERTIFICATE 0
153. COMPLIANCE FOR THE SYSTEM MAY SATISFY THIS OBLIGATION. NOTHING IN LINES 150 TO 153 SHALL OBLIGATE SELLE
154. TO UPGRADE, REPAIR OR REPLACE THE SEPTIC SYSTEM, UNLESS OTHERWISE AGREED TO IN THIS PURCHASE AGREEMENT.
155. YER HAS RECEIVED THE WELL DISCLOSURE STATEMENT OR A STATEMENT THAT NO WELL EXISTS ON THE PROPERTY
AND A SEPTIC SYSTEM DISCLOSURE STATEMENT OR A. STATEMENT THAT NO SEPTIC SYSTEM EXISTS ON OR SERVESTH
PROPERTY, AS REQUIRED BY MINNESOTA STATUTES.
SELLER WARRANTS THAT CENTRAL AIR-CONDITIONING, HEATING, PLUMBING AND WIRING SYSTEMS USED AND LOCATED 0
SAID PROPERTY SHALL BE IN WORKING ORDER ON DATE OF CLOSING, EXCEPT AS NOTED IN THI MENT
YER HAS THE RIGHT TO A WALK-THROUGH REVIEW OF THE PROPERTY PRIOR TO CLOSIN ~BLlSH THAT TH
PRO IN SUBSTANTIALLY THE SAME CONDITION AS OF THE DATE OF PUR REEMENT. SELLER AGREE
TO NOTIFY BU DIATELY IN WRITING OF ANY SUBSTANTIVE C FROM ANY PRIOR REPRESENTATION
REGARDING THE PHYSICAL ON OFTHE PROPERTY.
BUYER ACKNOWLEDGES THAT NO ORAL R IONS HAVE BEEN MADE REGARDING POSSIBLE PROBLEMS 0
WATER IN BASEMENT OR DAMAGE CAUSE ATER BUILDUP ON ROOF OF THE PROPERTY, AND BUYER RELlE
SOLELY IN THAT REGARD ON THE F ING STATEMENT BY SE
SELLER 0 HAS 0 HAS AD A WET BASEMENT AND 0 HAS 0 HAS NOT HA
-/check oneJ--::; -(c:hed< one)----....-
BY WATER 0 BUILDUP. BUYER o HAS 0 HAS NOT RECEIVED A SELLER'S PROPERTY DISC E STATEMENT OR
-------(c:hed< oneJ----
DISCLOSURE ELECTION FORM. BUYER HAS RECEIVED THE INSPECTION REPORTS, IF REQUIRED BY
NOTICE
is 0 Seller's Agent 0 B~r' . ual Agent 0 Facilitator
------~-~- >)-'---_._--~--..
(Licensee)
T
(Company)
OTICE DOES NOT SAnSFY MINNESOTA STATUTORY AGENCY DISC
REQUIREMENTS.
176. DUAL AGENCY REPRESENTATION
1 n. PLEASE CHECK !2!:I.E. OF THE FOLLOWING SELECTIONS:
178.\ Dual Agency representation DOES NOT apply in this transaction. Disregard lines 179-192_
. 0 ual Agency representation DOES apply in this transaction. Complete the disclosure in lin 80-192.
t80;'-~Broker' t&-OOth tReSeller(s) and. the Buyer(s)oftbe,RrQ~rty Im'()Iy@<iI"thi~ . action,which creates a dual agency.
181. means that Br and its salespersons owe fiduciary duties to both seller(s) and e"i'(s):'aecaUSEl the partles-'hlaY have
182. interests, Broker an . salespersons are prohibited from advocating exclusive r either party. Broker cannot act as a dual agent In thi
183. transaction without the cent of both Seller(s) and Buyer(s). Seller(s) uyer(s) acknowledge that:
184. (1) confidential informatio mmunicated to Broker Which rl:lQ price, terms, or motivation to buy or sa" wi" remain confidenti
185. unless Seller(s) or Buye instructs Broker in wr' to disclose this information. Other information will be shared
186. (2) Broker and its salesperson ill not repre the interest of either party to the detriment of the other; an
187. (3) within the limits of dual agency, r a S salespersons will work diligently to facilitate the mechanics of the sale
188. With the knowledge and understanding of t lanation above, Seller(s) and Buyer(s) authorize and instruct Broker and it
189. salespersons to. act as dual agents in this taction.
190.
(Seller)
191.
(Seller) (Buyer)
192.
(Date) (Date)
MN:PA-3 (8104)
193. Address S' ,;) / b
194. Page 4 Date
d-(s
PURCHASE AGREEMENT
fl"'7 ~ ~
&,- ~l} ~~S
195. OTHER
196.
197.
198.
199.
200. Other addenda may be attached which are made a part of this Purchase Agreement. (Enter total number of pages of this Purchase
201. Agreement, including addenda, on line two (2) of page one (1 ).)
202. I, the owner of the property, accept this Agreement and
203. authorize the listing broker to withdraw said property from
204. the market, unless instructed otherwise in writing.
205. I have reviewed all pages of this Purchase Agreement.
I agree to purchase the property for the price and in accordance
with the terms and conditions set fOrth above.
I have reviewed all pages of thl. Purchase Agreement.
208.
o If checked, this Agreement Is subject to attached
:J':;;;~:;:: ~ t,1Z<//~!5
I
(Seller's Signature) (Date)
X .Jltb"trH U~ fbm:fL-
X
(Buyer's Signature)
206.
207.
(Date)
209.
(Seller's Printed Name)
X J(ep ()F 5uj LtM i bo I J (! ~
X
(Buyer's Printed Name)
210.
(UIII it.tl !lI.dt-dtl)
X
(Marital Status)
211. X
(Seller's Signature)
X
(Date) (Buyer's Signature)
(Date)
212. X
(Seller's Printed Name)
X
(Buyer's Printed Name)
213. X
(Marital Status)
X
(Marital Status)
214.
RNAL ACCEPTANCE DATE
215.
216.
THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER(S) AND SELLER(S).
IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL.
217.
218.
219.
I ACKNOWLEDGE THAT I HAVE RECEIVED AND HAD THE OPPORTUNITY TO REVIEW THE ARBI N DISCLOSURE AND
RESIDENTIAL REAL PROPERTY ARBITRAnON AGREEMENT, WHICH IS AN OPnONAL, VOLum EEMENT AND IS NOT PART OF THIS
PU ENT.
SEL1.ER(Sr-- .
220.
rA~ 221
SELLER(S)
VACANT LAND ADDENDUM
This form approved by the Minnesota Association of
REALTORS@. which disclaims any liability
arising out of use or misuse of this form.
@2004 Minnesota Association of REALTORS@. Edina. MN
1. Date It, ,,.;) 'f _IS
2. Page 5 M ..5
3. Addendum to Purchase Agreement between parties, dated
(.-;>'
20 O...S
,
, pertaining to the purchase
4. and sale of the property at S;;> J r,
5.
6. SPECIAL CONTINGENCIES: This Purchase Agreement is subject to the following contingencies and if the following
/Vt ~~
~
/
~
7. contingencies checked below cannot be satisfied or waived, in writing, by Buyer by , 20 ,
8. this Purchase Agreement is cancelled as of said date. Buyer and Seller shall immediately sign a Cancellation of
9. Purchase Agreement confirming said cancellation and directing all earnest money paid hereunder to be refunded to
1 O. Buyer.
11. (Select appropriate options a-h)
12. D (a) D BUYER 0 SELLER shall provide a certificate of survey of the property, atDBUYER DSELLER expense,
....---(cIlsck 011<O)-.-....- .--.(cIlsck Ofler..----
13.
no later than
,20
14. D (b) Buyer obtaining approval of cityltownship of proposed building plans and specifications at
15. D BUYER D SELLER expense.
...--.......-.(check 011<O)----.-.
16. D (c) Buyer obtaining approval of cityltownship of proposed subdMsion development plans at g-~~~~!tPon!~~.!~.
17. expense.
18. D (d) Buyer obtaining approval of cityltownship for rezoning or use permits at D BUYER D SELLER expense.
.--......-.-.(check """r-'--'"-'''
19. D (e) Buyer obtaining, at D BUYER D SELLER expense, percolation tests which are acceptable to Buyer.
....._......(check oner......_...
20. D (f) Buyer obtaining, at D BUYER DSELLER expense, soil tests which indicate that the property may be improved
.....-.....(cIlsck ons)---.
21. without extraordinary building method.s or cost.
22. D (9) Buyer obtaining approval of building plans and/or specifications in accordance with any recorded subdivision
23. covenants and approval of the architectural control committee.
24.Ij.l(h) OTHER: ,,/I/O /V e-.
25.
26. Seller's expenses for these contingencies (if any) shall not exceed $
27. Seller grants permission of access to the property for testing and surveying purposes.
28. PLEASE NOTE: Buyer may incur additional charges improving the property including but not limited to: hook-up and/or
29. access charges, municipal charges, costs for sewer access, stubbing access, water access, park dedication, road access,
30. utility connection and connecting fees, curb cuts and tree planting charges.
31. SPECI,L WARRANTIES: Seller warrants that the property described in ~hase Agreement consists of
32. d' " .of- - ~~~~..(~~2~~~~_~~~T and is currently zoned ~ .
33. Seller warrants that the property .Q IS (~! in the designated 1 OO:year flood plain area.
34. SeDer warrants that the property Q~~~~a:~.~o/ currently receive preferential tax treatment (e.g., Green Acres, etc.).
35. OTHER:
(.
.... .~ ~ fo/t"l/o<
~) 'R%S 0 F '50 U)1f1; 00 , LLC-. (Dale) (Buyer)
(Date)
37.
(Seller)
(Date)
(Buyer)
(Date)
38.
39.
MN:VLA (8/04)
THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER(S) AND SELLER(S).
IFYOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL.