|
PURCHASE AGREEMENT
<br />1. Parties. This Purchase Agreement is made on , 1999 by and between
<br />(name) Edward E. & Dorothy A. Nadeau, husband and wife
<br />(address) 1069 Oak Circle, North Branch, MN 55056, SELLER and the City of Little Canada, a municipal
<br />corporation, of 515 Little Canada Road East, Little Canada, MN 55117, BUYER.
<br />2. Offer /Acceptance. Buyer offers to purchase and Seller agrees to sell real property located in Ramsey
<br />County, Minnesota legally described as follows:
<br />PIN #06- 29- 22 -14- 0024 -2
<br />Located at (street address) 29xx Country Drive, 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 May
<br />17. 1999, 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 Seller and currently located on the property, if any, are included in this sale. garden bulbs, plants,
<br />shrubs, trees, storm windows and inserts, storm doors, screens, awnings, window shades, blinds, curtain- transverse-
<br />drapery rods, attached lighting fixtures with bulbs, plumbing fixtures, sump pumps, water heaters, heating systems,
<br />heating stoves, fireplace inserts, fireplace doors and screens, built -in humidifiers, built -in air conditioning units,
<br />built -in electronic air filters, automatic garage door openers and controls, television antennas, water softeners, built -
<br />in dishwashers, garbage disposals, built -in trash compactors, built -in ovens and cooking stoves, hood -fans,
<br />intercoms, installed carpeting, work benches, security systems, and also the following property
<br />None
<br />Upon delivery of the deed, Seller shall also deliver a Bill of Sale for the above personal property.
<br />5. Price and Terms. The price for the real and personal property included in this sale is Eighty -five
<br />Thousand Three Hundred Dollars ($85,300.00), which Buyer shall pay as follows: Earnest money of $100.00 by
<br />check, receipt of which is hereby acknowledged and $85,200.00 cash, on the DATE OF CLOSING. Closing shall
<br />take place as soon as practical, but no later than June 15, 1999 in a location and on a date to be determined by the
<br />Buyer.
<br />6. Deed/Marketable Title. Upon performance by Buyer, Seller shall execute and deliver a Warranty
<br />Deed, joined in by spouse, 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 />Page 19
<br />
|