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08709/00 10:36 FAX 1351 223 5055 <br />DUDLEY & SMITH <br />E AGREE <br />1. Parties. This Purchase Agreement is m <br />and between Richard J. Schreier and Patricia A. S <br />and Darlene K. Mogren, husband and wife, <br />Gerald Mogren by Arlene H. Mogren, Pe <br />to as "Seller ", and Precision Landscape an <br />hereinafter "Purchaser", for the sale and <br />paragraph. <br />'JUV2!V11 <br />e this day of 2000, by <br />refer, husband and wife, Robert C. Mogren <br />e H. Mogren, individually, and the Estate of <br />Representative, hereinafter collectively referred <br />Inc., a Minnesota corporation, and/or its assigns, <br />ase of the property described in the following <br />2. Property. Seller hereby sells and Purchaser hereby buys real property located in <br />Ramsey County, Minnesota, legally described as follows: <br />PIN m 06- 29 -22 -24 -0016 <br />3. Purchase Price. The price for the real property included in this sale is One Dollar and <br />50/100 per square foot (S1. S0 /sq.ft.) with square footage of site to be determined by a registered land <br />surveyor mutually agreeable to Seller and Purchaser and at Purchaser's expense. In the event Seller <br />and Purchaser cannot agree an a surveyor, the appointment of the surveyor shall be made by the Chief <br />Judge of the Ramsey County District Court. Payment shall be made as follows: Earnest money of <br />5100.00 by check, the receipt of which is hereby acknowledged and the balance in cash on the Date <br />of Closing. <br />4. Permitted Encumbrances. Upon and subject to performance by Purchaser, the Seller <br />shall execute and deliver to Purchaser on the date of closing a Warranty Deed conveying marketable <br />title to said property subject only to the following: <br />a. Reservations of minerals or mineral rights by the State of Minnesota, if any'. <br />b. Building, zoning and subdivision laws and regulations. <br />c. Restrictions relating to use or improvement of the premises which do not conflict with <br />present use or contain effective forfeiture provision. <br />d. Utility and drainage easements which do not interfere with present improvements. <br />All of the above exceptions may hereafter collectively be referred to as "Permitted <br />Encumbrances ", <br />5. Seller's Ze4rformance. Subject to performance by Purchaser, Seller shall execute and <br />deliver to Purchaser the following at closing: <br />a. A Warranty Deed, in recordable form, as aforesaid. <br />F:K74:tC2043954l.07.27.00J 1 <br />Post -W F. Note 7671 <br />Page 30 <br />