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2000-10-23 Standard Purchase Agreement� � � �yp Form 1517A � MillerlDavis Co., St. Paul, MN DO NOT COPY STANDARD PURCHASE AGREEMENT Subject to Copyright Laws. 1. This Purchase Agreement is entered into on QG�� Z � , .Z(/T�II by and between �!/�i°�''� f/Gs�t �¢`'/h�/ (Name and Address) 2. ("Seller")and /' •/ (Name and Address) 3. t����' 0 f /�f`�r�(/i f� ("Buyer") ❑ as joint tenants ❑ as tenants in common 4. Seller g ees to sell and Buyer a rees to ur hase the property legally described as: 5. Go��. cxc L l` /�/F' /�/!�/1 s�cn 6. _�n w� 1C! Z �. �. 8. located at(Street Address) . 9. City of_,�-�,(�rf�.e��o , Counry of w , State of Minnesota, including all plants, 10. garden bulbs, shrubs and trees, all storm windows and inserts, storm doors, scre ns, awnings, window shades, blinds, curtain-traverse-drapery 11. rods, attached lighting fixtures with bulbs, plumbing fixtures, water heater, sump pumps, heating system, built-in humidifier, fireplace doors, 12. screen and inserts, central air conditioning, built-in electronic air filters, automatic garage door opener with controls, water softener, cable 13. television outlets and cabling, BUILT-INS to include: dishwasher, garbage disposal, trash compactor, oven(s),cooktop stove, microwave oven, 14. hood-fan, intercom, ' stalled ca eting, �iF ANY, located on the property which are the property of Seller and also the following personal 15. property. _�°�i n' l Qs^ �������� 16. 17. all of which property Seller has this day sold to Buyer for the sum of: /,?S•Q00.00 18• T Dollars which Buyer agrees to pay in the 19. following manner: Earnest money of .Z�i 0 l��t (in the form of ❑ cash ❑ note � check)and 2�• sl.Z"7, 7� SO.ria _ cas on or before L-�(-O'a _ and the balance of 21• /�f by fmancing as shown on Lhe attached Financing Addendum. 22. Attached are�addenda which are made a part of this Agreement. Agreement supports MSBA and MAR addenda. 23. SUBJECT TO performance by Buyer, seller agrees to execute and deliver a Warranty Deed, to be joined in by spouse, if 24. any, conveying marketable title to the property subject only to the following exceptions: 25. (1)Building and zoning laws, ordinances, state and federal regulations. (2)Restrictions relating to use or improvement of the property without 26. effective forfeiture provision. (3) Reservation of any minerals or mineral rights to the State of Minnesota. (4) Utility and drainage 27. easements which do not interfere with present impr ements. (5)Rights of tenants, if an . 28. REAL ESTATE TAXES Seller agrees to pay���r�hs and Buyer agrees to pay�ro�taxes due and payable in the year�_C� Seller 29. agree t ay__�,Z_ /12ths and Buyer agrees to pay�/12ths of annual installment of speciai assessments due and payable in the year � . 30. �C . H agrees to_ on the date of ciosing all municipal special assessments levied and pending. Buyer (SELLER,BUYER� ( AY-ASSUME) 31. shall pay taxes due and payable in the year� any unpaid installme ts of municipal speciai assessments payable therewith and thereafter. 32. Seller warrants that taxes due and payable in the year�OU! wiii be homestead classification. Neither Seller nor Seller's (FULL,PA�?T, NON,State Whichl 33. Agent makes any representation concerning the amount of future reai estate taxes. 34. WARRANTIES Seller warrants that buildings, if any, are entirely within the boundary line of the property. Seller warrants that all appliances, 35. heating and air conditioning, wiring and plumbing used and located on the property are in proper working order on date of closing. Buyer has right 36. to inspect property prior to closing. Buyer shall satisfy himself/herself at his/her expense that all appliances, heating and air conditioning, wiring 37. and lumbing are in pro er working order before closing. Seller warrants that the property is connected to: 38. �city sewer � city water . If the property is destroyed or substantially damaged by fire or any other cause before the closing date, this 39. Agreement shall become nuli and void at Buyer's option, and the ea st money shall be refunded to Buyer. 40. POSSESSION Seller agrees to deliver possession not later than �___��closing. All interest city water and sewer charges, electricity 41. and natural gas charges, fuel oil and liquid petroleum gas shall be pro-rated between the parties as of _,Q � t g,t.�. Seller agrees to 42. remove all debris and all personal property not included herein from the property before possession date. 43. TITLE & EXAMINATION Seller shall, within a reasonable time after acceptance of this Agreement, furnish an Abstract of Title, or a 44. Registered Property Abstract, certified to date to include proper searches covering bankruptcies, State and Federal judgments and liens. Buyer 45. shall be allowed 10 business days after receipt for examination of title and making any objections, which shall be made in writing or deemed 46. waived. If any objection is so made, Seller shall be allowed 120 days to make title marketable. Pending correction of title, payments hereunder 47. required shall be postponed, but upon correction of title and within 10 days after written notice to Buyer, the parties shall perform this Agreement 48. according to its terms. If title is not corrected within 120 days from the date of written objection, this Agreement shall be null and void, at option 49. of Buyer, neither party shall be liable for damages hereunder to the other, and earnest money shall be refunded to Buyer. 50. DEFAiJLT If title is marketable or is corrected within said time, and Buyer defaults in any of the agreements herein, Seller may terminate this 51. Agreement, and on such termination all payments made hereunder shall be retained by Seller and Agent, as their respective interests may appear, 52. as liquidated damages, time being of the essence hereof. This provision shall not deprive either party of the right of enforcing the specific 53. performance of this Agreement, provided this Agreement is not terminated and action to enforce specitic performance is commenced within six 54. mon[hs after such right of action arises. In the event buyer defaults in his performance of the terms of this Agreement, and Notice of 55. Cancellation is served upon the Buyer pursuant to MSA 559.21, the termination period shall be thirty (30) days as permitted by 56. Subdivision 4 of MSA 559.21. 57. ACCEPTANCE Buyer understands and agrees that this sale is subject to acceptance by Seller in writing. Agent is not liable or responsible on 58. account of this Agreement, except to retum or account for the earnest money. 59. AGENCY DISCLOSURE-See attached Addendum. /Lv qyP�v� 60. WELL DISCLOSURE Check one of the following: 61. Seller certifies that Seller does not know of any wells on the described real property. 62. Wells on the subject real property are disclosed by Seller on the attached Well Disclosure form. 63. INDIVIDUAL SEWAGE TREATMENT SYSTEM DISCLOSURE Check one of the following: 64. Seller certifies that there is no individual sewage treatment system on or serving the property. 65. Individual sewage treatment systems on or serving the property are disclosed by Seller on the attached disclosure statement. 66. LEAD PAINT DISCLOSURE Check one of the following: 67•� Seller represents that the dwelling was constructed on the property in 1978 or later. 68• Seller represents that the dwelling was constructed on the property before 1978. (If such housing is located on the property, attached and 69. made a part of this Agreement is "LEAD PAINT ADDENDUM FOR HOUSING CONSTRUCTED BEFORE 1978".) 70. I, the owner of the property, accept this Agreement and the sale I agree to the roperry for ihe d on the terms and 71. hereby made. conditio set for e. 72. SELLE BUYER 73. SELLE C�L-�%� BUYE n., � ' �`�--'`- 74. Delivery of all papers and monies shall be made at the office of: 75. Company Selling Agent 76. Address __ _ City _ Zip 77. THIS IS A LEGALLY BINDING CONTRACT. IF NOT UNDERSTOOD SEEK COMPETENT ADVICE.