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. , I I Page 2 of 6 Minnesofa Uniform Conveyancing Blanks Form 30.1,1 G � 2. Title, Seller warrants that title to the Property is,on the data of thls Co lract,subJect only to the following exceptions; 6 (a) Covenants,cond(tlons,restr(ctions(without effective forfelture pro isions)and deciaratlons of record,if any; i (b) Reservatfon of minerals or mfneral rights by the Siate of Minnesot ,If any; � (c) Utllity and drainage easements which do not Intertere with presen Improvements; � � (d) Applicable laws,ordinances,and regulations; � (e) 7he lien of real estate taxes and instaliments of speclal assessme ts which are payable by Purchaser pursuant to.paragraph 6 of this Contract;and � (� The following Ilens or encumbrances; � Highway Plat flled as Document No.9206517. I Other easemants of record. � k, 3, Delivery of Deed and Evidence of Title. Upon Purchaser's full perfo ance of this Contract,Seller shall; � (a) Execute,acknowledge,and deliver to Purchaser a Warrant � Deed,In recordable form,conveying marketable title to the Property to Purchaser,sub)ect only to the following xceptions: �. {i) Those exceptions referred to in paragraph 2(a),{b},(c),(d,and(e)of this ConUact; ; f ii) Liens,encumbrances,adve�se claims or other matters whi h Purchaser has created,suHered or permifled to accrue k after tha date of fhis Contract;and {ifi) The tollowing Ilens or encumbrances: Hfghway Plat ffled as Document No.9206517. � � Other easements of record. � � ' (b) Deliver to Purchaser the abstract of tlQe to the Property,wlthout fu her extension,to the extent requlred by the purchase t agreement(if any)between Seller and Purchaser. � 4, Purchase Price. Purchaser shall pay to Seller at address desl nate b Selier irom time to time € the sum of four hundred ten thousand and Nol100 Doilars � ($410,000.00 ),as and for the purchase prica(the"Purc ase Prlce")for the Property,payable as follows: x u $205,000.00 The down payment paid on the date hereof;and � � $205,000.00 The balance,togeiher with Interest thereon at the annual r te of 4.75%,payable in monthly installments of � principal and(nterest in the amount of$1;324.76,on or before the first day f each month commencing August 1,2015,and on � the flrst day of each month thereafter until February 26,2016,when the en re principal balance and ail accrued interesi shall be due and payable in full. THIS IS A BALLOON PAYMENT. € � p � k 5. Prepayment. Unless othervvise provided fn this Contract,Purchaser s ali have the right to fully or partially prepay this Contract at ; any time without penalty. Any pa�ial prepayment shall be applied first io payment oi amounts then due under this Contract,including unpaid accrued Interest,and the balance shall be appifed to the prfncfpal installments to paid in the inverse order of their maturity, Partial ' prepayment shall not posfpone the due date of the Installments to be paid pursua t to thls Contract or change the amount of such instalimenis, � r fF f/ B � � . � �