03-27-2002 Council Agenda - Laserfiche WebLink

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17. Minnesota Law. This contract shall be governed by the laws of the State of Minnesota. 18. Well Disclosure. Check one of the following: Sellers certifies that Sellers do not know of any wells on the described real property. Wells on the subject real property are disclosed by Sellers on the attached Well Disclosure form. 19. Individual Sewage Treatment System Disclosure. Check one of the following: Sellers certify that there is no individual sewage treatment system on or serving the property. Individual sewage treatment systems on or serving the property are disclosed by Sellers on the attached disclosure statement. 20. Lead Paint Disclosure. Check one of the following: Sellers represents that the dwelling was constructed on the property in 1978 or later. X Sellers represents that the dwelling was constructed on the property before 1978. (If such housing is located on the property, attached and made a part of this agreement is "LEAD PAINT ADDENDUM FOR HOUSING CONSTRUCTED BEFORE 1978 ".) 21. Sellers' Affidavit. At closing, Sellers shall supplement the warranties and representations in this Purchase Agreement by executing and delivering a Minnesota Uniform Conveyancing Blank [Form No. 116 -M, 117 -M, or 118 -M] Affidavit of Seller. 22. Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon Sellers and Buyer and their respective heirs, executors, legal representatives, successors and assigns. 23. Voluntary Sale. Sellers acknowledge this transaction is occurring on a voluntary basis. Sellers waives any and all claim against the Buyer which may exist as a result of this transaction, including any associated with the Uniform Acquisition and Relocation Act. 24. Broker's Commission. Sellers and Buyer represent and warrant to each other that they have dealt with no brokers, finders, or the like in connection with this transaction, and agree to indemnify each other and to hold each other harmless against all claims, damages, costs or expenses of or for any other such fees or commissions resulting from their actions or agreements regarding the execution or performance of this Agreement, and will pay all costs of defending any action or lawsuit brought to recover any such fees or commissions incurred by the other party, including reasonable attorney's fees. 25. Closing Costs. Buyer shall pay costs associated with closing except for the following: Title insurance should Sellers not deliver an owner's duplicate or current abstract, State deed tax, conservation fee, well certificate recording, and any fees associated with recording satisfactions or releases relating to transactions occurring prior to the date of this Purchase Agreement, and special assessment searches. 26. Right of Entry. Sellers hereby grant Buyer right of entry to the property prior to the date of closing -5- 6-