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10-08-2014 Council Agenda
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10-08-2014 Council Agenda
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PURCHASE AGREEMENT: <br />VACANT LAND (RESIDENTIAL) <br />This tone approved by the Minnesota Association of REALTORS*, <br />which disclaims any liability arising out of use or misuse of this form, <br />© 2014 Minnesota Association of REALTORS°, Edina, MN <br />1. Date a .> . I1 1 G:JC'.t' / (>1 7 •(:) t <br />2. Page 1 of <br />3. BUYER (8)• \--V, ,‘1117,.. (\-.)1 uDV ,r Ca4-kve.e r1 Mg tAn V ) <br />4. C� UV\awiec( (\cu (l8 <br />5. Buyer's earnest money M the amount <br />6, Dollars ($ ! ; BD() Df1 ) shall <br />7. bo delivered to listing broker no later than two (2) Business Days after Final Acceptance Date of this Purchase <br />8, Agreement. Buyer and Seller agree that listing broker shall deposit any earnest money in the listing broker's trust <br />9. account within three (3) Business Days of receipt of the earnest money or Final Acceptance Date of this Purchase <br />10. Agreement, whichever is later. <br />11. Said earnest money is part payment for the purchase of the property located at <br />12. Street Address: 3046 Labore Road <br />13. City of Little Canada , County of Ramsey State of Minnesota, legally <br />14. described as <br />N 121 42/100 FT OF S 619 75/10 0 FT OF PART OF NE 1/4 OF NW 1 /4 ELY <br />15. OF LABORE RD IN SEC 4 T N 29 RN 22 <br />16. <br />17. including all fixtures, if any, AND 0 INCLUDING 0 EXCLUDING the following personal property, If any, which shall <br />(Check one.). <br />18. be transferred with no additional monetary value, and free and clear of all liens and encumbrances: <br />19. <br />20. (collectively the "Property"), <br />(Xi) 21. all of which Prop 1rty Seller has this day agreed to sell to Buyer for the sum of ($ (X <br />22 (Alv( A.t.l. l(1 (:( i,t.l r'i6 L[( (10 f, vv.( (z>(II . <br />23, Dollars, <br />24. which Buyer agrees to pay in the following manner: <br />25. 1, CASH of C. _ _ percent (%) of the sale price, or more In Buyer's sole discretion, which includes the earnest <br />26. money; PLUS <br />27, 2. FINANCING of I• � I percent (%) of the sale price, which will be the total amount secured against this <br />28. Property to fund this purchase. <br />29. Such financing shall be C a first mortgage ❑ contract for deed or ❑ a first mortgage with subordinate <br />(Check one. <br />of O\ a LA -1/411../ ..aS(vM ((U11Ye, fr, f�UltUtJ <br />30. financing, as described in the attached Addendum: <br />31. ❑ Conventional ❑ FHA❑ DVA ❑ Assumption ❑ Contract for Igeedg Other (..(,l I- ` <br />(Check all Thal apply) <br />32. 4 <br />33. The date of closing shall be NIO\)en\l•)C\% \L.k ,20 cL1 <br />34. This Purchase Agreement❑ 1S IS NOT subject to an Addendum to Purchase Agreement: Sale of Buyers Property <br />(Chock ono.). <br />35. Contingency. (If answer is IS, see attached Addendum.) (If answer is IS NOT, the closing of Buyer's property, if any, <br />36, may still affect Buyer's ability to obtain financing, if financing is applicable.) <br />37. This Purchase Agreement ❑ IS ?6 IS NOT subject to cancellation of a previously written purchase agreement dated <br />(Check ono.) - <br />38. , 20 (If answer is IS, said cancellation shall be obtained <br />39. no later than , 20 <br />3 <br />
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