|
PURCHASE AGREEMENT
<br />1. Parties. This Purchase Agreement is made on March 27th, 2002 by and between
<br />Beth A. Herzog and Steve Herzog, husband and wife and Timothy Wolter, a single person, SELLERS and the City
<br />of Little Canada, a municipal corporation, of 515 Little Canada Road East, Little Canada, MN 55117, BUYER.
<br />2. Offer /Acceptance. Buyer offers to purchase and Sellers agrees to sell real property located in
<br />Ramsey County, Minnesota legally described as follows:
<br />See Exhibit A for legal description
<br />PIN # 06- 29 -22 -42 -0008
<br />Located at 104 East Little Canada Road, in the City of Little Canada, County of Ramsey, State of Minnesota.
<br />3. Acceptance Deadline. The acceptance date of this Agreement is the date it is delivered by the last
<br />party signing to the other party. This offer to purchase, unless accepted sooner, shall be void at 11:59 p.m. on March
<br />29th, 2002, and in such event, all earnest money shall be refunded to Buyer.
<br />4. Personal Property and Fixtures Included in Sale. The following items of personal property and
<br />fixtures owned by Sellers and currently located on the property are included in this sate (strike out items not
<br />included): garden bulbs, plants, shrubs, trees, storm windows and inserts, storm doors, screens, awnings, window
<br />shades, blinds, curtain - traverse - drapery rods, attached lighting fixtures with bulbs, plumbing fixtures, sump pumps,
<br />water heaters, heating systems, heating stoves, fireplace inserts, fireplace doors and screens, built -in humidifiers,
<br />' Milt -in air conditioning units, built -in electronic air filters, automatic garage door openers with controls, television
<br />dermas, water softeners, built -in dishwashers, garbage disposals, built -in trash compactors, built -in ovens and
<br />cooking stoves, hood -fans, intercoms, installed carpeting, work benches, security systems, and also the following
<br />property: New cabinets purchased for the remodeling of this house at an estimated value of $1200.00.
<br />5. Price and Terms. The price for the real and personal property included in this sale is Ninety
<br />Thousand Dollars and no /100 ($90,000.00), which Buyer shall pay as follows: Earnest money of $100.00 by check,
<br />receipt of which is hereby acknowledged and $89,900.00 cash, on the DATE OF CLOSING. Closing shall take
<br />place as soon as practical, but no later than April 30th, 2002 in a location and on a date to be determined by the
<br />Buyer.
<br />6. Deed /Marketable Title. Upon performance by Buyer, Sellers shall execute and deliver a WatTanty
<br />Deed, joined in by spouses, if any, conveying marketable title, subject to:
<br />a. Building and zoning laws, ordinances, state and federal regulations;
<br />b. Restrictions relating to use or improvement of the property without effective forfeiture
<br />provisions;
<br />c. Reservation of any mineral rights by the State of Minnesota;
<br />d. Utility and drainage easements which do not interfere with existing improvements;
<br />e. Exceptions to title, which constitute encumbrances, restrictions, or easements which have
<br />been disclosed to Buyer and accepted by Buyer in this Purchase Agreement (must be
<br />2
<br />
|