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OCT 06 '95 15 37 KENNEDY & GRAVEN
<br /> •..Form 1519A 1.B12 •(Rev..8/S3) r Da�Ca.512332.51r PURCHASE AGRe2EMENT
<br /> This forrn•approved by the Minnesota Association of
<br /> - REALTORS®,which disclaims any liability
<br /> arising out of use or misuse of this form.
<br /> 1. Date October 1995
<br /> • .
<br /> • 2. Page 1 of 3 Pages
<br /> III The Cit of Mounds View Economic Development Authority
<br /> 3. RIEC1slVED OF y
<br /> 4. .
<br /> •
<br /> 5, the su Ten and No/100 • Dollars($ .10:00 )
<br /> 6. by CHECX ASN-NOTE as earnest money to be deposited upon acceptance of Purchase Agreement•by an parties, on or
<br /> 7. before the next business day after acceptance,in a trust account of listing,broker but to be returned to Buyer It Purchase
<br /> 8. Agreement is not accepted by Seller.Said earnest money is part payment for the purchase of the property located at
<br /> 9. Street Address: 2625 Highway •10 N.E. ' .
<br /> 10. City of
<br /> Mounds View ,County of -Casey ,State of Minnesota,
<br /> 11: Legally described as: Lot 78, Sprins Lake Park Hill View
<br /> 12. .
<br /> 13. including the following property, if any, owned by Seged and used.and located on said property: garden bulbs, plants, shrubs, and
<br /> 14. trees; storm sash, storm doors, screens and awnings; window'shades, blinds,traverse and curtain and drapery rods; attached lighting
<br /> 15. fixtures and bulbs; plumbing fixtures, water heater, heating plants (with any burners, tanks. stokers and other equipment used in
<br /> 16. connection therewith),built-in air conditioning equipment,electronic air filter,Water Softener OWNED RENTED!NONE,•buiit•In humidifier
<br /> 17. and dehumidifier, liquid gas tank and controls (if the property of Seller), sump pump; attached television antenna, cable TV jam
<br /> 18. and wiring; BUILT-INS: dishwashers, garbage disposals, trash compactors, ovens, cook top stoves, microwave ovens, hood fans,
<br /> 19. Intercoms; ATTACHED: carpeting;mirrors; garage door openers and all controls; smoke detectors; fireplace screens,doors and
<br /> 20. heatilators;AND:the following personal-property: ;S •may remove cabinets and appliances prior '
<br /> to Closin� / '1
<br /> 21, g. 17.E k_ rr r? ":„AAn\ ,?. A, �'
<br /> 22.
<br /> •.• 23. ail of which property Seller has this day agreed to sell tq Buyer for sum of:($ 125,000.00 )
<br /> 411) 24 One Hundred Twenty-five Thousand and No/100 * ,Dollars,
<br /> 25. which Buyer agrees to pay in the following manner. Earnest money of$]0.00•
<br /> 26. and$ 12.4,990.00 •• . cash on November .6, 1995 , . _,the date of closing,All
<br /> 28.x:•'::,3:1: :f.F"'►' • :c:.'1- *4,4.CC:1:. : .:.f-.':t7•o". t.:r:v.rf;n:..:E:. . ..
<br /> tateantacorn
<br /> 29. This Purchase Agreement IS t S NOT-ubject to a contingency addendum.(If answer Is IS,see attached addendum.)
<br /> -t
<br /> 30. This Purchase Agreement lS(!I SNOT .ubject to cancellation of a previously written Purchase-Agreement dated •
<br /> 31. This Purchase AgreementISt IS NOT -ubject.to an Inspection Addendum. (If answer is IS;see'attached.addendum.)
<br /> 32. Attached are other addenda which are made a part of this Purchase Agreement. (Enter page or pages on line 2)
<br /> 33. DEED/MARKETABLE TITLE: Upon performance by Buyer,Seller shall deliver a -�- Warranty Deec
<br /> 34. joined in by spouse, if any,conveying marketable title,subject to: •
<br /> 35.. (A)Building and zoning laws,ordinance,state and federal regulations;(B).Restrictions relating to use or•improvement of the propertywithout
<br /> 36. effective forfeiture provisions; (C) Reservation of any minersi rights by the State of Minnesota; (D) Utility and drainage easements which do not
<br /> 37. interfere with existing improvements; (E)Rights of tenants as follows(unless specified,not subject to tenancies): None
<br /> 38.
<br /> e er cert ries t at e• er •oes not now or any we s or
<br /> 39. (F)Others(Must be specified in writing): cpc11... byslcm nu Llm P=spat ty..
<br /> 40. SPECIAL ASSESSMENTS shall be paid as follows: . .
<br /> III41. BUYER AND SELLER SHALL PRORATE AS OF THE DATE OF CLOSING SELLER'SHALL PAY ON DA_TE OF CLOSING II installments
<br /> Year
<br /> 42 of special assessments certified for payment with the real estate taxes due and payable in the year of dosing:
<br /> •
<br /> 43. BUYER SHALL ASSUMESELLER SHALL PAY n'date of closing all other special assessments levied as of the date of dosing.
<br /> Orbs ;
<br /> 44. BUYER SHALL ASSUME SELLER SHALL PROVIDE FOR PAYMENLDpecial assessments pending as of the date of this agreement for
<br /> 45. Improvements that have been ordered by the City Council of other assessing authorities. (Seiler's provision for payment shall be by payment int'
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