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PURCHASE AGREEMENT 41. Page 2 Date 9/9/2011 42. Property located at 3046 LABORE RD in LITTLE CANADA MN 55109 43, This Purchase Agreement n IS ✓ IS NOT subject to a Contingency Addendum for sale of Buyer's property. (Check one.). 44. (If answer is IS, see attached Addendum.) 45. (If answer is IS NOT, the closing of Buyer's property, if any, may still affect Buyer's ability to obtain financing, if financing 46. is applicable.) 47. This Purchase Agreement 1 1 IS ✓ IS NOT subject to cancellation of a previously written purchase agreement (Check one.). 48. dated , 20 49. (If answer is IS, said cancellation shall be obtained no later than , 20 If 50. said cancellation is not obtained by said date, this Purchase Agreement is canceled. Buyer and Seller shall immediately 51. sign a Cancellation of Purchase Agreement confirming said cancellation and directing all earnest money paid 52. hereunder to be refunded to Buyer.) 53. Buyer has been made aware of the availability of property inspections. Buyer U Elects Declines to have a (Check one.)- 54. property inspection performed at Buyer's expense. 55. This Purchase Agreement 7 i IS NOT subject to an Inspection Contingency Addendum. (See Sellers' REPA) (Check one.)- 56. (If answer is IS, see attached Addendum.) 57. DEED /MARKETABLE TITLE: Upon performance by Buyer, Seller shall deliver a 58. n Warranty Deed or 1/1 Other: SPECIAL WARRANTY Deed joined in by spouse, if any, conveying (Check one.) 59. marketable title, subject to 60. (a) building and zoning laws, ordinances, and state and federal regulations; 61. (b) restrictions relating to use or improvement of the property without effective forfeiture provisions; 62. (c) reservation of any mineral rights by the State of Minnesota; 63. (d) utility and drainage easements which do not interfere with existing improvements; 64. (e) rights of tenants as follows (unless specified, not subject to tenancies). 65 ; and 66. (f) others (must be specified in writing): 67 68. Seller shall pay on the date of closing all real estate taxes due and payable in all prior years including all penalties and 69. interest. 70. 1 BUYER SHALL PAY J SELLER SHALL PAY on date of closing any deferred real estate taxes (e.g., Green (Check one.) 71. Acres) or special assessments, payment of which is required as a result of the closing of this sale. 72. 1✓ BUYER AND SELLER SHALL PRORATE AS OF THE DATE OF CLOSING SELLER SHALL PAY ON (Check one.) 73. DATE OF CLOSING all installments of special assessments certified for payment, with the real estate taxes due and 74. payable in the year of closing. NOTE : ANY BALANCES REMAIN WITH FUTURE ANNUAL PAYMENTS . 75. n BUYER SHALL ASSUME n✓J SELLER SHALL PAY on date of closing all other special assessments levied as (Check one.} 76. of the date of this Purchase Agreement. ✓) 77. BUYER SHALL ASSUME _ SELLER SHALL PROVIDE FOR PAYMENT OF special assessments pending as (Check one.) - 78. of the date of this Purchase Agreement for improvements that have been ordered by any assessing authorities. (Seller's 79. provision for payment shall be by payment into escrow of two (2) times the estimated amount of the assessments or 80. less, as required by Buyer's lender.) PURSUANT TO PARAGRAPH 28 OF THE REAL ESTATE PURCHASE ADDENDUM (REPA) MN:PA-2 (8/11) THIS DOCUMENT IS SUBJECT TO ALL TERMS AND CONDITIONS SET FORTH IN THE REPA. BUYERS INITIALS