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<br />1' I.P.e/iAVIS(n
<br />JO N0?COPY
<br />stexc'rt0 Copyright Ipso
<br />tF Little Canada
<br />STANDARD
<br />PURCHASE AGREEMENT
<br />Minnesota
<br />RECEIVED OF the City of Little Canada
<br />the sum of Ten and No /100 Dollars(s10.00
<br />by - .;(,,: oboe/co.., as earnest money to be deposited the next business day after acceptance in trust account 0014010ta4IK
<br />warrEZAIRCia. NO. 12
<br />YELLOW.lieyer's Copy
<br />GREEN-Seller's Copy
<br />8INx'Buyer'e Receipt
<br />1986
<br />(unless otherwise specified in writing) and in part payment for the purchase of the premises legally described as
<br />See Attached Exhibit A for Legal Description
<br />located at (Street Address)
<br />City of Little Canada
<br />traverse - drapery rods, attachedlighting fixtureswith bulbs, plumbing
<br />electronic air filter, automatic garage door opener with controls
<br />dishwasher, garbage disposal, trash ...... .. , coo top
<br />, central air conditioning,
<br />e evision outlets and cabling, BUILT -INS to include:
<br />stove, microwave oven, hood -fan, intercom, installed carpeting, IF ANY
<br />'5
<br />16:
<br />17 all of which property Seller has this day sold to Buyer for the sum of: $ 500.00
<br />18 Five Hundred and No /100 ($500.00)
<br />19
<br />20 which Buyer agrees to pay in the following manner: Earnest money of $
<br />J 1 s, 490.00 cash Dp o[ be /ore the date of closing7axrKNSK Ma enner
<br />wfllcn snail ue on or betoq r1J.Qay51O e date of this Agreement.
<br />29 The Buyer shall examine title to the property described in the Purchase
<br />24 Agreement at its own cost. If any objections are made by the Buyer, the
<br />Dollars,
<br />10.00
<br />and
<br />�,. Seller shall be allowed sixty (60) days to make title marketable, and it
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<br />31 Attached are - 0' addendums which are made a part of this agreement
<br />Grant of ra Easement SUBJECT TO performance by Buyer, Seller agrees to execute and deliver 8 Teiglo ' wiwtogpfgd,
<br />3 to be joined in by spouse, if any, conveying marketable title to the premises subject only to the following exceptions:
<br />(1) Building and zoning laws, ordinances, State and Federal regulations. (2) Restrictions relating to use or improvement of the premises without
<br />efectiveforfeiture provision. 01 Reservation of any minerals or mineral rights to the State of Minnesota. (4) Utility and drainage easements
<br />36. which do not interfere with present improvements. (5) Rights of tenants, if any.
<br />37 REALC0TATC-TA
<br />title cannot be made marketable, this Agreement shall be null and void at
<br />the option of Buyer, and all money paid by Buyer refunded.
<br />This Agreement is contingent upon Buyer obtaining necessary Consents to
<br />the Easement by i4ortgagees of record, if any.
<br />38. 19 —. Seller agrees to pay / 12ths and Buyer agrees to pay / 12ths of annual installment of spec'. . ssments due
<br />39 and payable in the year 19 —. "' -" "' agrees to "" "`'s ""`r on the date of closing all spec'. - •ssments levied, and pending.
<br />43. Buyer shall -pay taxes due and payable in the year 19 — and any unpaid install,.• o special assessments payable therewith
<br />41. and thereafter. Seller warrants that taxes due and payable in the year 1 • will be ''' ' "" " "' " " " " " "' homestead
<br />42. classification. Neither Seller nor Sellers Agent makes any re .r. . ion concerning the amount of future real estate taxes.
<br />43. WARRANTIES Seller warrants that buildin ' y, are entirely within the boundary lines of the premises. Seller warrants that all
<br />44 appliances, heating and air conditioni . ng and plumbing used and located on the premises are in proper working order on date of closing.
<br />45. Buyer has right to inspect pr ' . prior to closing. Buyer shall satisfy himself/ herself at his /her expense that all appliances, heating and air
<br />46 conditioning wiri umbing are in proper working order before closing. Seller warrants that the premises are connected to: city sewer
<br />47. 0 yes - city water 0 yes - ❑ no. If the premises are destroyed or substantially damaged by fire or any other cause before the
<br />48. 1 ete,- thieagreementsheU uSend void at Buy,,.'., uvtv.,,o „dth,,.u,,,Lst„ m,,,.y bh.,ll b, ,efu„dLJ w Buy,..
<br />49. POSSESSION Seller agrees to deliver possession not later than closing.
<br />yendneturel-gas -afro ea fu,.i ullu „J Fvu�d v�tmleum y„c ol,allL proxroted
<br />Seller agrees to remove all debris and all personal property not included . • ram the
<br />51 parties as of
<br />52 premises before possession date.
<br />53. TITLE & EXAMINATION Seller shall, within a reasonable time after acceptance of this agre ...: , urnish an Abstract of Title, or a
<br />54. Registered Property Abstract, certified to date to include proper searches covering bankru. ' , ate and Federal judgments and liens. Buyer
<br />55 shall be allowed 10 business days after receipt for examination of title and maki •o.jections: which shall be made in writing or deemed
<br />56. waived. If any objection is so made, Seller shall be allowed 120 days to e marketable. Pending correction of title, payments hereunder
<br />57. required shall be postponed, but upon correction of title an in 10 days after written notice to Buyer, the parties shall perform this
<br />58. agreement according to its terms. If title is not corre It in 120 days from the date of written objection, this agreement shall be null and
<br />e for damages hereunder to the other, and earnest money shall be refunded to Buyer.
<br />59. void, at option of Buyer, neither party shal
<br />60. DEFAULT If title is marketable o ' rected within said time, and Buyer defaults in any of theagreements herein, Seller mayterminate this
<br />61 agreement, andon such - ation all payments made hereunder shall be retained by Seller and Agent, as their respective interests mayappear,
<br />62. asliquidatedd.. - , time beingoftheessence hereof. This provision shall notdepriveeitherpartyofthe right of enforcingthespecificperformance
<br />63. of th' _ cement, provided this agreement is not terminated and action to enforce specific performance is commenced within six months after
<br />64 . -of- eetien at L,..,.
<br />65. ACCEPTANCE Buyer understands and agrees that this sale is subject to acceptance by Seller in writing. Agent is not liable or responsible
<br />66. on account of this agreement, except to return or account for the earnest money.
<br />T- AGENGY- WSOL -OSHRE „ ^..: n.<... m„ -r^• atipufeteaheoreh.. l., th the ",•'.,.-
<br />68. IrNhNiremeelbrtrTfieAalFnwagerMOrbrokeretipulates -h rep,eaeuNng the seller inthb unseatUrt.
<br />69 1, the owner of the premises, qccept this agreement and
<br />70 the sale hereby ade. ///
<br />71 SELLER 7i � c'2"// ; " /%` • ° --e -7' /
<br />72 SELLER . .N , le fit, k r � r� tae”
<br />72 Delivery of of all papers and monies shall be made at the office of:
<br />';n Company --51.a City of Little Canada
<br />Little Canada Road
<br />.,- Address Little Canada, MN 55117
<br />I agree to purchase the premises for the price and on the terms and
<br />conditions set forth above.
<br />CITY OF LITTLE CANADA
<br />Stchael I. Fahey, tlayor
<br />Joseph G. Chlebeck, City Clerk
<br />BUYER
<br />BUYER
<br />Selling Agent
<br />City Zip
<br />THIS IS A LEGALLY BINDING CONTRACT. IF NOT UNDERSTOOD, SEEK COMPETENT ADVICE.
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