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111 <br /> cables, electric lines, signal and communication lines, and telephone or telegraph <br /> lines (and other data transmission lines). Said easement shall be appurtenant to, <br /> and for the benefit of, the Appurtenant Parcel. <br /> 5. [not applicable] - <br /> 6. [not applicable] <br /> 7. PURCHASE PRICE: The purchase price of the Property is $139,656.00, net to <br /> Seller, except for commissions, if any, set forth in section 22. <br /> 8. CLOSING: Except as otherwise provided in paragraph 9, this transaction shall <br /> close at a mutually agreeable time and place no later than 90 days after Seller's <br /> acceptance of this offer. <br /> 9. GOVERNMENTAL APPROVAL: If Seller is required to obtain governmental <br /> approval or exemption in lieu thereof(collectively, Authorization) in order to consummate <br /> this transaction,this agreement shall be contingent upon the granting of Authorization, and <br /> Buyer will cooperate with Seller to obtain Authorization. If Authorization is not obtained <br /> within 180 days after Seller's acceptance of this offer (the Contingency Period), this <br /> agreement shall automatically. terminate at the end of the Contingency Period. If <br /> • Authorization is not obtained prior to the expiration of the time period specified in <br /> paragraph 8, the date for closing shall be delayed to a date no later than 15 days after <br /> Authorization is obtained; however, under no circumstances shall the closing be delayed <br /> to a date later than 180 days after Seller's acceptance of this offer. If this agreement <br /> terminates pursuant to this paragraph, Seller shall refund the Deposit, without interest. <br /> 10. ESCROW: Should the parties agree to close in escrow, Buyer will pay all fees <br /> and charges in connection with the escrow. <br /> 11. DEPOSIT:PAYMENT OF PURCHASE PRICE: Buyer encloses$14,000.00(the <br /> Deposit) in the form of a certified check or cashier's check payable to Seller. Seller shall <br /> refund the Deposit, without interest, if this offer is not timely accepted by Seller; otherwise, <br /> the Deposit shall be applied to the purchase price. The balance of the purchase price shall. <br /> be paid to Seller at the.closing by a certified or cashier's check payable to Seller. <br /> 12. ENCUMBRANCES: The Property will be conveyed subject to facts which would <br /> be disclosed by a comprehensive survey, rights and claims of parties in possession, rights <br /> of the, public, and easements, leases, licenses, and permits. Buyer may object to the <br /> marketability of Seller's title on the basis of such matters. <br /> • FORM 900.1/97.STD.00180-0i.otp <br /> OFFER TO PURCHASE RAMSEY COUNTY.MN -2- <br /> pagifle. Railway <br />