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Authentisign ID:16706484-ACC8-470E-8i07-E7DEFF933E7F <br /> • <br /> CIIl2Cl `.^ PURCHASE AGREEMENT <br /> Real <br /> 41. Page 2 Date- 02/12/13 <br /> 42. Property located at 4550 Wolverton Place Orono <br /> • <br /> 43. This Purchase Agreement❑IS 0 IS NOT subject to a ContingencyAddendum for sale of Buyer's property. <br /> • ----•(Checkaa.)-- <br /> 44. (If answer Is IS,see attached Addendum.) <br /> 45. (If answer is IS NOT,the closing of Buyer's property,If any,may still affect Buyer's ability to obtain financing,it financing <br /> 46. is applicable.) <br /> 47. This Purchase Agreement❑IS[3 IS NOT subject to cancellation of a previously written purchase agreement <br /> 48. dated dated ,20 <br /> 49. (If answer is IS,said cancellation shall be obtained no later than , 20 . If <br /> 50. said cancellation Is not obtained by said date,this Purchase Agreement is canceled.Buyer and Setter shall Immediately <br /> 51. sign a Cancellation of Purchase Agreement confirming said cancellation and directing all earnest money paid <br /> 52. hereunder to be refunded to Buyer.) <br /> 53. Buyer has been made aware of the availability of property Inspections. Buyer ED Elects ❑ Declines to have a <br /> --(Chadr one.)-•--- <br /> 54. property inspection performed at Buyer's expense. <br /> 55. This Purchase Agreement[]IS❑IS NOT subject to an Inspection Contingency Addondum. <br /> --(Cheatoae.)-• <br /> 56. (II answer is IS,see attached Addendum.) <br /> 57. DEED/MARKETABLE TITLE: Upon performance by Buyer,Seller shall deliver a <br /> 58. ❑x Warranty Deed or❑ Other: -__ Deed joined In by spouse, If any, conveying <br /> --------.._._._....__.-...�Axk Coe.}•-------..�.,...._..-_. <br /> 59. marketable title,subject to <br /> 60. (a) building and zoning laws,ordinances,and state and federal regulations; <br /> 61. (b) restrictions relating to use or Improvement of the property without effective forfeiture provisions; <br /> 62. (c) reservation of any mineral rights by the State of Minnesota; <br /> 63. (d) utility and drainage easements which do not Interfere with existing improvements; <br /> 64. (e)rights of tenants as follows(unless specified,not subject to tenancies): <br /> 65. ;and <br /> 66. (I) others (must be specified in writing): <br /> 67. <br /> 68, Seller shall pay on the date of dosing all real estate taxes due and payable In all prior years Including all penalties and <br /> 69. interest. <br /> 70. ❑BUYER SHALL PAY x SELLER SHALL PAY on date of closing any deferred real estate taxes (e.g., Green <br /> 71. Acres)or special assessments,payment of which is required as a result of the closing of this sale. <br /> 72. 0 BUYER AND SELLER SHALL PRORATE AS OF THE DATE OF CLOSING [J SELLER SHALL PAY ON <br /> _..-_.J. _...-� (ChauY one.}-.-.,.--•--•----._�...__.---•---.-....-__._ <br /> 73. DATE OF CLOSING all installments of special assessments certified for payment,with the real estate taxes due and <br /> 74. payable In the year of closing. <br /> 75. ❑BUYER SHALL ASSUME 0 SELLER SHALL PAY on date of closing all other special assessments levied as <br /> ----------------(cox cnv. <br /> 76. of the date of this Purchase Agreement. <br /> 77. ❑BUYER SHALL ASSUME g SELLER SHALL PROVIDE FOR PAYMENT OF special assessments pending as <br /> 78. of the date of this Purchase Agreement for improvements that have been ordered by any assessing authorities.(Seller's <br /> 79. provision for payment shall be by payment Into escrow of two(2)times the estimated amount of the assessments or <br /> no. less,as required by Buyer's lender.) <br /> MN:PA-2(8112) <br /> ER 170.2(8/12) <br /> /ostart <br /> orms <br />