05-11-1999 Council Agenda - Laserfiche WebLink

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Seller represents that the dwelling was constructed on the property in 1978 or later. x Seller 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 ".) 22. Seller's Affidavit. At closing, Seller 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. 23. Successors and Assigns. Subject to any restriction upon assignment of this Agreement, this Agreement shall inure to the benefit of and be binding upon Seller and Buyer and their respective heirs, executors, legal representatives, successors and assigns. 24. Waiver of Relocation Benefits. Seller 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. 25. Broker's Commission. Seller 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. 26. Closing Costs. Buyer shall pay costs associated with closing except for the following: Title insurance should seller 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. 27. Right of Entry. Seller will grant Buyer right of entry to the property prior to the date of closing after reasonable notice by Buyer to Seller. 28. Construction. No provision of this Agreement shall be construed by any court or other judicial authority against either Seller or Buyer by reason of any such party being deemed to have drafted or structured such provision. THIS IS A LEGALLY BINDING CONTRACT. BEFORE SIGNING, CONSULT A LAWYER. Minnesota law permits licensed real estate brokers and sales agents to prepare purchase agreements. No recommendation or representation may be made by any real estate broker or sales agent as to the legal sufficiency, the legal effect, or the tax consequences of this contract. These are questions for your lawyer. Page 17