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PURCHASE AGREEMENT 91. PARTIES. This Purchase Agreement is made on MAY 28 , 199 6 by and between NANCY LEE EBNER and (See attached p. 4 for list) ("Seller") and HOUSING AND REDEVELOPMENT AUTHORITY OF ST. ANTHONY, MINNESOTA, a public body corporate and politic ("Buyer"). 2. OFFER/ACCEPTANCE. Buver offers to purchase, and Seller agrees to sell the real property legally described as: f See Attached Exni bi t A) , Hennepin County, Minnesota, located at 2538 Kenzie Terrace in the City of St. Anthony, Minnesota ("Property"). 3. PRICE AND TERMS. The price for the Property included in this sale is Seventy Thousand • Dollars ($70,000.00 ("Purchase Price") which Buyers shall pay as follows: (A) Earnest money of $500.00, receipt of which is hereby acknowledged; (B) $ 69,500.00 by certified check or wire transfer on or before Sept. 30 , 199 6 the "Date of Closing"; 4. REAL ESTATE TAXES AND SPECIAL ASSESSMENTS. Real estate taxes due and payable in and for the year of closing shall be prorated to the Date of Closing. SELLER SHALL PAY on Date of Closing all installments of special assessments certified •for payment with the real estate taxes due and payable in the year of closing. SELLER SHALL PAY ON DATE OF CLOSING all other special assessments levied as of the date of this agreement. SELLER SHALL PAY special assessments pending as of the date of this agreement for improvements that have been ordered by the City Council or other governmental assessing authorities. SELLER SHALL PAY on the Date of Closing any deferred real estate taxes or special assessments payment of which is required as a result of the closing of this sale. Buyer shall pay real estate taxes due and payable in the year following closing and thereafter and any unpaid special assessments payable therewith and thereafter,-the payment of which is not otherwise provided herein. Seller makes no representation concerning the amount of future real estate taxes or of future special assessments. 5. DAMAGES TO REAL PROPERTY. If the real property is damaged prior to closing, this Agreement shall NOT terminate and Seller and Buyer shall proceed to close this transaction in accordance with the terms hereof. 6. POSSESSION. Seller shall deliver possession of the Property not later than the Date of Closing. All interest, fuel oil, liquid petroleum gas, and all charges for city water, city sewer, electricity, and natural gas shall be prorated between the parties as of Date of Closing. • 7. EXAMINATION OF TITLE. Within a reasonable time after acceptance of this Agreement Seller shall furnish Buyer with either a Registered Property Abstract or an Abstract of Title certified to a date within 30 days of the date of delivery, which includes