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<br />M uL.l:e'l.,r MN
<br />1i , STANDARD
<br />MEWDAVsN
<br />&Nemtoenpyr.ghtlawn PURCHASE AGREEMENT
<br />Little Canada Minnesota 1987
<br />2. RECEIVED OF Frank M. Frattalone
<br />3. the sum of Five Thousand and No /100 5 000.00
<br />YKLI.OW'Iluyer's Copy
<br />GREEN•Seller'o Copy
<br />PI NK.Buyer's Receipt
<br />Dollars (S�`
<br />„,e ' U' co L0:tle Canada
<br />4 by "" - "" " " " "' as earnest money to be deposited the next business day after acceptance m account 01
<br />t eP
<br />b. (unless otherwise specified in writing) and in pan payment for the purchase of the premises legally described as The South 250
<br />6 feet of Lots 3 and 4, Auditor's Subdivision No. 43 Ramsey County, Minnesota,
<br />7 as measured along the East line of said Lot 4 and the West line of Lot 3 there-
<br />' 8. located at (Street Address) 657 Lahore Road there-
<br />of.
<br />9. City of Little Canada County of Ramsey State of Minnesota,
<br />10. including all plants, shrubs and trees, O.storm- window,- oneWor-nnerts-atormeloors; screens; mmtings.-wiixlow shadesrbfirrds- cortaim
<br />11, l averse- drapowrodsrattashadlight *ng lixtureswith bulbsrplumbing lxl.,,oerwateNuaterrseeting v7atemrhOmidifierrcerNre eireandilioningr
<br />12 eleotr enio+ ir-( litereet omete-g erego- deer-opener- wiH+cerslr&erwotef softenercableteleision eWletsend-eabling48U&T-gJ64o-ineWde:-
<br />13. disllwesher, garboge- dispose]; 4reeh-cempoetor, even(e ).-eooktop-stove- microwave-oven, I ,ovJ fart,iMereonr, irrstelfedearpeting-IF-ANY,-
<br />14. leeotedan-the peemisesvfhchh arelheproperHrof e Ikrafl 0l8oMtef0i10 ng-perso,mtprePerty-
<br />15.
<br />16
<br />17 »'all of which property Seller has this day sold to Buyer for the sum of:'S`''°35.
<br />tB �.L Thirty -Five Thousand Five Hundred and No/100
<br />19
<br />20, which Buyer agrees to pay in the following manner: Earnest money of $ 5.000 00
<br />71
<br />$ 30,500.00 cash on or before the date of closingeceakWxbedeare
<br />22. tiNe _ QgeLleHIx Cijpre4N1ANN
<br />23 Between the date of execution of this Agree nt and the date of closing of the purchase of
<br />24 the Wright property, the City of Little Canada shall not allow Purchaser on the property
<br />25 without consent of the Wri.lats. Between the date of closin• of the • chase of the Wri•ht
<br />26 property and the date on which the Wrights relinquish possession of the property, the City
<br />27 of Little Canada shall onl . 't other • ties on the •ro. rt for develo• t ses
<br />28 within the areas which have been marked and during times that are consistent with the City's
<br />Y9 regulations and development ordinances.
<br />30
<br />' 31. Attached are _1 addendums which are made a part of this agreement.
<br />32. SUBJECT TO performance by Buyer, Seller agrees to execute and deliver a Warranty Deed,
<br />33: to be joined in by spouse, if any, conveying marketable title to the premises subject only to the following exceptions:
<br />3•l. (1) Building and zoning laws, ordinances, State and Federal regulations. (2) Restrictions relating to use or improvement of the premises without
<br />35. effective forfeiture provision. (3) 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. Ri ht f teats, if any.
<br />pororate as or the date or closin• taxes and s -cial assessments
<br />37;2; REAL ESTATE TAXES 'Seller agrees SO nv •. •.•:•:• - -' +•••••••'••� " ^^ ^•.. due and payable in the yea •
<br />Dollars,
<br />and
<br />38c;'19 87. 91)11tlingeatrnef.M
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<br />40. Buyer shaFp to xiR0 )%7latiTihhe year 19 Si. and . 'F>)S1fUi 14iib <tUi6ii71mkp6i:Kk'U&iP�:R ydirYK}SRGb1Wr1h yAmRir
<br />41. xceatnaefxx, Seller warrants that taxes due and payable in the year 19 will be LISA^^ t' l " "' ` "' °'Oi "'° homestead
<br />42. classification. Neither Seller nor Seller's Agent makes any representation concerning the amount of future real estate taxes,
<br />43. WARRANTIES Seller warrants that buildings, if any, are entirely within the boundary lines of the premises. Seller warrants that all
<br />44. appliances, heating and air conditioning, wiring and plumbing used and located on the premises are in proper working order on date of closing.
<br />49. Buyer has right to inspect premises prior to closing. Buyer shall satisfy himself /herself at his /her expense that all appliances, heating and air
<br />46 conditioning, wiring and plumbing are in proper working order before closing. Seller warrants that the premises are connected to: city sewer
<br />47. 0 yes - 0 no; city water 0 yes - 0 no. If the premises are destroyed or substantially damaged by fire or any other cause before the
<br />48. closing date, this agreement shall become null and void at Buyer's option, and the earnest money shall be refunded to Buyer.
<br />••011 O.
<br />49. K®inna
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<br />51. .e t . r9 . Seller agrees to remove all debris and all personal property not include• erein rem tie
<br />52. premises before possession date.
<br />53. TITLE & EXAMINATION Seller shall, within a reasonable time after acceptance of this agreement, furnish an Abstract of Title, or a
<br />54. Registered PropertyAbstract, certified to date to include proper searches covering bankruptcies, State and Federal judgments and liens. Buyer
<br />55. shall be allowed 10 business days after receipt for examination of title and making any objections, which shall be made in writing or deemed
<br />146. waived. If any objection is so made, Seller shall be allowed 120 days to make title market able. Pending correction of title, payments hereunder
<br />57. required shall be postponed, but upon correction of title and within 10 days after written notice to Buyer, the parties shall perform this
<br />50. agreement according to its terms. If title is not corrected within 120 days from the date of written objection, this agreement shalt be null and
<br />59. void, at option of Buyer, neither party shall be liable for damages hereunder to the other, and earnest money shall be refunded to Buyer.
<br />60. DEFAULT If title is marketable or is corrected within said time, and Buyer defaults in any of the agreements herein, Seller may terminate this
<br />61. agreement, and on such termination all payments made hereundershall be retainedby Seller and Agent, as their respective interests may appear,
<br />62. as liquidated damages, time being of the essence hereof. This prevision shall not deprive either partyol the right of enforcing the specific performance
<br />63. of this agreement, providedthis agreement is not terminated and action to enforce specific performance is commenced within six months after
<br />64. such right of action arises. In the event Buyer defaults in his performance of the terms of this Agreement, and Notice of Cancellation is
<br />65. served upon the Buyer pursuant to MSA 559.21, the termination period shall be thirty (30) days as permitted by Subdivision 4 of MSA
<br />66. 559,21.
<br />67. ACCEPTANCE Buyer understands and agrees that this sale is subject to acceptance by Seller in writing .0g4}1NDDgp @M400@973IR.4IDM
<br />60 0
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<br />71. I, the owner of the premises, accept this agreement and I agree to purchase the premises for the price and on the terms and
<br />72, the sale hereby made. CITY OF LITTLE CANADA
<br />73. SELLER
<br />Michael I. Fahey, Mayor
<br />74. SELLER
<br />Joseph G. Chlebeck, City Clerk p
<br />75. Delivery of all papers and monies shall be made at the office ofi ay(y
<br />e 11
<br />76 Company City of Little Canada S Ittacideact
<br />53.5 Little Canada Road
<br />77. Address Little Canada, MN 55117 City Zip
<br />78, THIS IS A LEGALLY BINDING CONTRACT. IF NOT UNDERSTOOD, SEEK COMPETENT ADVICE.
<br />conditions set forth above.
<br />•
<br />BUYER
<br />BUYER
<br />Frank M. Frattalone
<br />
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