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Pt. III :AUINGS. Headings of the paragraphs of this contract are for cunvenll• nee only and do not define, <br />limit or construe the cunlents of such paragraphs. <br />providing for assessments to he levied against the Properly by any uwnerS associt <br />assessments may become a lien against the Property if not paid. then; <br />(al Purchaser shall promptly pay, when due, all assessments imposed by the <br />other governing holy as required by the provisions of the declaratiot <br />and <br />(1)1 So long as the owners' assuciati nn maintains a master <br />extended coverage perils and such other hazart <br />contract, then; <br />(i) Purchaser's obligation in this <br />Property is satisfied; nl <br />(ii) The provisions in <br />shall be so <br />(Pit In the <br />,eiatinn or <br />related documents: <br />Ikea policy of insurance against fire. <br />In such amounts as are required by this <br />raci to maintain hazard insurance eO'l•rage oo the <br />raph 8 of this cent ract n'garding implication of i <br />\ ed be the provisions of the declaration or other solute(' <br />it of a distribution of insurance 'seconds in iicu.d restos:dim) or <br />sd casually Toss to the Property, an} such proceeds payable In Put <br />assigned and shall be paid to Seller for applL aLion to the sum ,cede••(. 1.y <br />.::ranee proceeds <br />documwlts: and <br />e11a11' for Ins''1I nn <br />rohnser are hereby <br />1,115 cant..raet with <br />20. A1)1)1110NA 1, 1'E1MS: <br />SELLER <br />A...L II— CORPQRATIDE Mi one SO t& <br />corporation <br />By <br />By <br />Its President <br />PU RCH ASEIt(S) <br />CT TV DL LITTLE CANADA. .a- Minnesota <br />municipal corporation <br />By: <br />Its Mayor <br />Its Bys <br />State of Minnesota <br />County of <br />The foregoing instrument was acknowledged before 010 this -- day of 1 ')8B <br />by _xlwk .. _._ __ <br />the ire cident- xco>d elf A-T C CDRPOitA.TION_ <br />a- cnrporat i on _under the l•Iws of M.innesatn <br />on behalf of the— QOSA9Sa t .4 Qn <br />Fu. <br />Its City Clerk <br />N1II Alll. \I. Sl AMe alt s, :A,. ilrll ln'l llal'I'nl.l: nil IL\KFl <br />FILFA I'I'III: ul' NOIAlt\ 1'1'111 t, l,lt ✓1111.11 u1'I'Ielal <br />State of Minnesota <br />County of <br />The foregoing instrument was acknowledged lief ire me this _ day of 19 88, <br />by sand Ithe <br />a or_and City -Clerk oi_CTTY OF LLTTLF CANADA, a municip.al_torporar i nn <br />alf of the corporation. <br />.- <br />• u .. Of • <br />N01 ARIIALtOAMI <br />lrracs Tln.8 11) (AN <br />'11115 INsr1111M1 :N1' WAS IMMO:1 :11 In 'NAME ARb AIIn11Y :5S <br />BEST & FLANAGAN (GDS) <br />3500 IDS CENTER <br />MINNEAPOLIS, MN 55402 <br />SIONAT0111ill NllrAey (twat ull1i 111(1114hlAl <br />lax SIalemeres lot the real properly deScr ilyl In ens m11rUmrol slso015 be sent to <br />City of Little Canada <br />515 Little Canada Road <br />Little Canada, MN 55117 <br />FAILURE TO RECORD OR FILE ''1115 CONTRACT FOR DEED MAY GIVE O'I'IIER PARTIES <br />PRIORITY OVER PURCHASER'S INTEREST IN TIIE PROPERTY. <br />Page 42 <br />