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<br /> CONTRACT FOR DEED ADDENDUM Minnesota Uniform Conveyancing Blanks �
<br /> � Form 30.2.1(2006) �
<br /> THIS CONTRACT FOR DEED ADDENDUM(this"Addendum")(s attached to and made a pa�t of that certa(n Coniract for Deed dated �
<br /> Ju�y Gj ,2015 between aregory C.Whfte and lynn M.White aiso known as �
<br /> (monU✓day/year) pnseitneme o/Seller) �
<br /> Lynn H.Whlte,husband and wife ,as("Selier"),
<br /> and Todd G.Sylvester and Lisa M.Sylvester ,as("Purchase�"). 5
<br /> Qnsert name o/Pwchaser) f
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<br /> The terms and conditions contalned in the Addendum shall supersede any contlicting provisfons contained ln this Contract, Unless deflned in ;
<br /> thls Addendum,all capitallzed terms have the same meaning as In the Contract, Only those prov(slons checked In the"Yes°column,balow, �
<br /> shail be included and be part of this Addendum.
<br /> Yes No
<br /> ■ O A, Late Payment Fee, If any payment is not received by Seller wlihin fifteen(9 5)days of the date when due,Purchaser g
<br /> shall addltfonally pay to Seller,to fhe extent allowed by law,a late charge of four percent(4°!0)of the amount of the delinquent i
<br /> payment,
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<br /> ■ ❑ B, Transfer Restrictions. Purchaser may not sell,assign,or otherwise transfer Purchaser's interest in this Contract,or the ;
<br /> Property,or any part thereof,or if Purchaser is an entity,the controlling interest in Purchaser may not be iransferred without
<br /> the written consent of Seller,which consent; � ;
<br /> (checx onyone eo�l
<br /> ■ shall be granted or withheld in the sole discretion of Seller. �
<br /> ❑ shall not be unreasonably w(thheld,or delayed by Seller.
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<br /> ❑ ■ C, Escrows. In Addition to the monthly payments of princlpal and interest,Purchaser shall deposlt with Seller,with each
<br /> payment,an amount represent(ng one-twellth(1/12)of the annual real estate taxes,installments of special assessmenis,and �
<br /> insurance premiums wifh respect to the Property(or such other amount as Seller is required to deposit under any underlying t
<br /> encumbrance on the Property). The amount of such taxes,speclai assessments,and fnsurance premiums,when unknown, �
<br /> • shall be estimated by Seller, Such deposit shall be used by Seller to pay real estate taxes,(nstallments of special
<br /> assessments,and Insurance premiums w)th respect to the Prope�ty when due, If Seller fails to do so,Purchaser may,at ;
<br /> Purchaser's optlon,pay any such delinquent amounts and deduct the amounts so paid from payments next coming due under
<br /> this Contract, If the balance deposited with Seller is Insufficier�t to pay such real estate taxes,specfal assessments and �
<br /> insurance premiums when due,Purchaser shall pay the deficiency to Seiler upon written demand.
<br /> ■ ❑ D. Property Improvements. Except for work reasonably necessary to permit Purchaser to comply with Purchasers �
<br /> obHgations under this Contract,Purchaser shall not hire or perform any repairs or improvements to or replacemenis of the
<br /> Properly having an aggregate cost ln excess of Five Thousand and No/100
<br /> Dollars($ 5,000.00 )without securing the prior.written consent of the
<br /> Seller. Purchaser w111 not cause or permit any mechanics'liens to be recorded agalnst the Property. Purchaser agrees to
<br /> defend,Indemnify,and hold Seller harmless from any loss,damage,or expense Incurred by Seller with respect to any party ;
<br /> asserting a mechanics'lien claim,It being understood and agreed that thfs undertaking shall survive cancellation of ihis �
<br /> Contract or the delivery of a deed pursuant to the terms hereof,
<br /> ■ ❑ E, Hazardous Substances. Purchaser shall not b�ng,store,generate,or t�eat hazardous wastes or substances or �
<br /> petroleum products upon the Property,except for small quantitles wh(ch are stored and used in compliance with applicable
<br /> ' law. Purchaser hereby agrees to indemnliy,defend and hold Seiler harmless from any and all claims,demands,aqtions,
<br /> causes of actlon,liabllities or rights which may be asserted against Seller with respect to such substances,or products,it being
<br /> underslood and agreed that this obligation will survive the cancellation of thls Contract or the delivery o(a deed pursuant to the
<br /> terms hereof.
<br /> Note: 7his document must be attached to a contract for deed and cannot be independently recorded.
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