Laserfiche WebLink
APR 19 '96 14�12 KENNEDY & GRAVEN <br />P,3 <br />2. Pu=chase Przce. Buyer, in consideration ai the covenaats <br />and a�reements o� Seller, hereby agrees �o pay to Selier as and for <br />� the pu�chas� priCe af the Property Seven Hundred Fifty Thousand and <br />no/300 Dol3ars ($750,000.00}, in the manner and at the t�,mes <br />Po1�,owing, to wit: <br />$��;��;�;(j`k���l;��;�� Upan execution of this purchase aqreement as <br />op�ion money, r�ceipt of which is hereby <br />. <br />ackn.owledged, whic:n shall be d��o���c�� and <br />,,. :;, :: . ,}<�: .�;,.<� ;;€;r ��aJ{ :;:�:::, :�::: •�;,; ; :�rs <br />held �.n /� :�i��:;:<:>:• �:�:�, :.;��:�. ,;,��:�:;.::;.5�:�:s:;;:;�` � �'k�`�:�,�:k:=�<�;,� <br />.�:iY;;%O . �:;�t.'��� �:4�� (..l't. ..�'��n �:�:t. .r:t�J�4;5�:<: : <br />.....=�:Y���:7•:'::;....... .�....J........�....i...»....�.....h..�.�)......�Y......�........».�.i5.$....�...�1..�.��)�....��uY/i.�.. . ..�. ..�lYf <br />��y,�{+C��%� / <br />$7;�0,000.00 Cash on the Closing Date {as hereinafter <br />defined)/� . <br />3. Deed. �t is agreed that the Deed execu�ed and delivered <br />by Se].ler to Buy�r at �he Closing Date shail be subject anly �o the <br />foilowing exc�ptions: <br />(a) Building zon�.ng and platting laws, ordinanceS and <br />s�ate and federal regulations; <br />(b) Rese�rvation of an�y minerais or mineral. rights to the <br />St�te oE Minnesota; - <br />(c) Utility and =oad easemen�s oi record that da no� <br />interfere mat�riaily with the use or devslopment o£ the <br />Propertg by Buyer or that are disclosed. on eithEr the <br />Comm�.tment o� the 5urvey; <br />(d} The lien of current taxes not yet due and payabl�; <br />; and <br />� (e) Any 1ien, claim or encumbrance incurred or suffered <br />by Buyere <br />Said Deed shaX��. be accompan3ed by all required we11 disclosure. <br />4. Seller's Dacumen�s. I� Seller has not previous7.y <br />delivered the follo.wing records and docuinents to B�.yer, Seller <br />shall prov3de ar deliver or mak� availab].e the failowr2.ng to Buyer <br />o� its agents within ten (10) days falloraing the execut3an of this <br />Agreement by both Buyer and Sellers <br />(a) capies of annual operating statements for �he <br />Pzog�r�y for the year-to date and for the most re���a��� <br />completed prior year and annual aperating statemengs for .`�;�;�;�;€�, <br />years and prior to the current year (to the Extent avail�>��,)����� <br />Such statements sha].1 inClude, in addition to current i��om� <br />and expense i�ems, itemization of all capital expenditures <br />made during the� respective peziod, tez�an� payment records <br />bMW102947 <br />1ttT125-36 2 <br />