Laserfiche WebLink
<br />Page 2 <br />this Agreement on the Date of Closing. Buyer agrees to pay the <br />Balance Due of One Hundred Twenty-three Thousand Seven Hundred <br />Fifty and No/100ths Dollars ($123,750) in cash or by check on the <br />Date of Closing according to the terms of this Purchase Agreement. <br /> <br /> (2) DEED/MARKETABLE TITLE. Subject to performance by Buyer, <br />Seller agrees to execute and deliver a Warranty Deed conveying <br />marketable title to the Property to Buyer, subject only to the following <br />exceptions: <br /> <br /> a. Building and zoning laws, ordinances, state and federal <br />regulations. <br /> <br /> b. Reservation of minerals or mineral rights to the State of <br />Minnesota. <br /> <br /> c. Utility and drainage easements. <br /> <br /> (3) DOCUMENTS TO BE DELIVERED AT CLOSING. In addition to <br />the Warranty Deed required in paragraph 6.B.(3) above, Seller shall <br />deliver to Buyer: <br /> <br /> a. Affidavit of Seller. <br /> <br /> b. Such other documents as may be required by Buyer's title <br />examiner or title insurance company. <br /> <br /> c. Waiver of relocation benefits. <br /> <br /> <br />7. REAL ESTATE TAXES AND SPECIAL ASSESSMENTS; COSTS AND <br />PRORATIONS. Seller and Buyer agree to the following prorations and allocations of costs <br />regarding this Purchase Agreement: <br /> <br /> A. Deed Tax. Seller shall pay all state deed tax regarding a Warranty Deed and <br />any other documents necessary to place record title in the condition warranted and to be <br />delivered by Seller under this Agreement. <br /> <br /> B. Taxes and Assessments. The real estate taxes due and payable in the year of <br />closing will be homestead classification. Seller shall pay at or prior to closing all real <br />estate taxes due and payable in 1999 and prior years. The Seller and Buyer agree to <br />prorate as of the date of actual closing all real estate taxes due and payable in the year <br />of closing. Seller agrees to pay at closing any and all real estate taxes prorated to Seller. <br /> Buyer shall pay the real estate taxes due and payable in the year following the year of <br />closing and thereafter. The Seller makes no warranties as to the real estate homestead