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<br />PURCHASE AGREEMENT
<br />auitm•arvara 1
<br />Minneapolis Minn.,
<br />RECEIVED Olr City of ... Orono ................. ....... ... ...... ...
<br />the sum of Five I3undred ............. ($ . 5170_t O.Q...) DOLLARS
<br />IChevk, Cunh or Nato—tttum Whislq .. ...........'••'...as earnesr money and in pare payment for the purchase of property at
<br />.................................................................... .... situated i6 last ,
<br />County of ................... Iden<xepia'1..•.......•............•.........r State of Minnesota, and legally described as follows, to•wit:
<br />all of which property the undersigned has this, day sold to the buyer for the sum of:
<br />.Gwent Two Thousand (.. ^�,,Q,0:41.ggagqA.O�ddDsiii�& :Ic'
<br />Earnest the
<br />buyer e r .... . „ cash, on Or„abiolAt..S,ai t.s.�, tiidr�tE of .
<br />which gees to pay in the following manner: .,:� a
<br />money herein paid S 500.00,,, and S 8,5p,0...0.0 p j,, eMtdiY�. :�.:
<br />$13,000,00 by,contract of deed between sellers and buyer'
<br />of $4,333.00 per year plus interest at..the rate of eight
<br />per annuill'computed yearly on unpaid balances. Interest a
<br />the closing date. The first payment shall be due and pay
<br />1, 1975, and a succeeding payment shall be due on Septemb
<br />and the entire balance of principal. and interest shall be
<br />in full on September 1, 1977. Payments shall be credited
<br />interest and the remainder to principle.
<br />i”.
<br />Ibl,e ;:'ran, Bdpte`s;
<br />due and payable
<br />first to
<br />Subject co performance by the buyer the "list agrees to execute and deliver a .. Cont];act•6fto..0:�;,4i 'i:iy � ' %
<br />(to be luined in by spouse, if any) conveying marketable title m said premises subject truly to the following eiecptiorkt ao ,J,I)) r ���, L''
<br />(a) Beildfug and toning laws, ordinances, Scam and Prdend regulations, 't"14 -t' )' a""" n:.
<br />tb) Restrictions ff'any in USC Orn iter en,l„n[ of premises nes , of hi l[ r:Rl•4nt. (etfUl[ere prUYI9Infr.
<br />(<) Reservation of any minerals m mineral rights an illi State of Minnesota.:"7.0 • $!
<br />Uy
<br />(d) Utility and drainagem
<br />vasocnts which do nut butr4•re %fill present improvements.
<br />(e1 Riel• s of tenants as fullo,es: (unless specilicd, nut znbiect to tortimiesl
<br />Fit Inner shall pay rhe rc,d Bunte urxns due in the year 19 . 15.,tnd any unpaid instalimeno of special assnsments yayablt therewitAY
<br />and thereafter. Scllcr warranrl that real CS[.Ite taXCl tIUC IM1 the ;C.tr Irl /b 'Nell b4 .... .nOn... ..... ...... ..�.. n hHalebtCnS ClYirlfr(Y(dnt4
<br />( full, partial or non•homes.cad'—trate which)
<br />Neither the seller nor tit,- teller, agent make :my retic+entation or warrunry whatsoever concerning the enclave,[. of Mal etaM
<br />which shall he asscacd afluinu tsa'pmperty, subsequent it, ihv date of purchaso
<br />Sed ler covenants that bulldinµs, if any, air unir,ly within rhe huundnry lines of the pproperty toll egeeea to rerouvc all Yanak. pin.' Isi;
<br />not indudrd herein and nil deliria felon tine preuri,ci I'iinr to pusse•sinn data SELLER VVARRANfS ALL APPLIANCES, dEAT1 G, AI
<br />CONDITIONING, WIRING AND PLUMIIING USED AND I.00A•I'PD ON SAID PREMISES ARE IN PROPER WORKING ORDIM rye
<br />AT DATH OF CLOSING. � ! •';rs
<br />The xeller further stress in deliver pnsaessiint n,a biter tlidn Closing date ,,. prypvid(d that all conditions.'ai'114 '
<br />Agreement have barn comp led with. Unless mhvre i.e spvoilied this sale shall IV closed on or beforo GO days from the date hereof,
<br />In ti,e event this property is destroyed ter suhvantiaily dmnaged by fire nr any other cause be&no the clwing date, this agttemene abslh .
<br />become null still void, tet the Punh,tsrr's option, and all incrims paid hereunder shall, Ea refunded to hint, '
<br />The hayer and seller also mutually agree dna licit tarn adjustments of rent, interest. insurance and city water, and, is the case of
<br />inuane property, current operating expenses, shall IV inade as of closing date . .. .. .., .......
<br />'rhe• seller shall, within A reasonable time after Appr,rval of tti, agrR•nuwt, furnish An abstract of title, or a Registered Pi city
<br />Aktrur .crtifed to date ns include pngx•r sauhes orverin,: dwnivuprt•iez, and Slaw and Pcslentl lud,guunts and Ilcus. The Inciter s}tak Ue
<br />alla,scd .(1 days alter mccim tmrmO lar ex:uuin lion tel said title ;cut tic making of any objections rherem, said obievions, to be ;nark in
<br />..racoon, ,d tide the imyn nn hervunder rs•quirtrl hall It, po,sp,med, but up„n tnneai in of title aed siiihm It days alter written notice
<br />t.. d:r 1.. , •. dm pita s 'loll perl,.an ,I,i• .. `!win ,, a•,�,r b,na U, it, ,arm..
<br />It.,std tilt, t, wa u,.,r'. ,a d;,. .n,! :, u. t nm.!, .. •a ,:Ivo I:",i.,,. t:, ns d.e .!ate to un<tvu oluttn•,us thereto a, ulw,ruuvisled, this
<br />agreement droll Im null it,,] vusd, at upuon n the buyer, an4 neither printipal shall be liable tqr dua4ees hecaunder to he er
<br />�. All local itineration, paid by the buyer shall M refunsicd. fl tM sills m said Pretital be fined markesn�fa burgpyg" . ^ •„
<br />said sold buyer shall default in any of the sgtamonts and contour: In default for a Perim of t0 �dapA thesl,10400; �7f
<br />terminate this o tttf and on such termination all the payments mode upon Chis contreel shall bC isra1 d h1Y 11t S f h®1, iaiU;
<br />their resMvi lit interests Cray appear, as ligold,vrd d,nnageY, time bring o the easm,ce heeeaf. This prnvis ran Yhnit nor d.pelve *!ibes�yxstry
<br />rhe ricin ,if cnG,rcinµ she sPe0hu Iv�rf,-rm.,iuc• ,f chi, v,anma provided such O'nna6T alnall mit h6• retrainlaC,I ,ts afc+re . ill, And pt(svitbd
<br />to cuhrne suth gw,wv ixrWmwtae ,hall he conurten,,d within .iv mouths .vicar such rienr of action ,hall arise.
<br />I, i, undarsna,d amt a trc,nl that thi+ "lle i+ neuic ,ultra o, rte, alpv �val Lv the owner of +,dl, premien in wrldne and that ilia undci; `t.
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