Laserfiche WebLink
N* tfOMMRCUl M Purchase A creement / PAGE 3 <br />which payment has not been made Seller warrants that them are no present violations of any restrictions relating to the <br />use or improvement of the property. These warranties shall survive the delivery of the deed or contract for deed Seller <br />represents that Sefler does not know if there are historicai. native American, or archeologicai materials on or in the suhfect <br />property that might be protected by law <br />10. CONDITION OF THE REAL PROPERTY. <br />A Seller warrants that all fixtures, heating and air conditioning equipment fireplaces (induding mechanisms, dampers, <br />flues, and doors), wiring, and plumbing used and located on the real property will be in working order on the Date of <br />Closing. (See 4 .C . above, for definition of ‘in working order") Seller represents that the property has / has not <br />had a wet basement or water in the basement Seller discloses that the roof has / has not leaked Seller warrants <br />that the property is connected to oty sewer. YES. oty water. YES Selle' shall remove all debns. trash, rubbish, <br />garbage, rubble, and yard waste from the land before the possession date Seller shall remove all trash, garbage, <br />and miscellaneous discarded materials from the buildings, and shall leave the buildings in "broom clean" condition <br />before the possession date. Seller shall remove all personal property not included in this sale from the real property <br />before possession date Seller has not received any notice from any governmental authority as to the existence of <br />any Dutch elm disease, oak wilt, or other disease of any trees on the real property <br />B Seller knows of no hazardous substances or petroleum products having been placed, stored, or released from or on <br />the real property by any person in violation of any law. nor of any underground storage tanks having been located on <br />the real property at any time, except as follows None <br />C. Seller knows of no wetlands, flood plain, or shoreland on or affecting the property, except as follows None <br />[Check the box if the following provision applies to this Purchase Agreement ] ADDENDUM TO PURCHASE <br />AGREEMENT: WETLANDS, SHORELAND AND FLOOD PLAIN DISCLOSURE M S B A Real Property Form <br />No. 8 (1997). is included as an addendum to this Purchase Agreement <br />D. Seller's warranties and representations contained in this paragraph 10 shall survive the delivery cf the Deed or <br />Contract for Deed Any notice of a defect or claim of breacii of warranty must be in wnbng and any such notice with <br />respect to matters referred to in A. above must be given by Buyer to Seller within one year of the Date of Closing or <br />be deemed waived <br />E. Bu>er shall have the right to have Inspections of the property conducted prior to closing Unless required by local <br />ordinance or lending regulations. Seller does not plan to have the property inspected Otner than the warranties and <br />representations made in this paragraph 10. the real property and fixtures included in the sale are being sold ‘AS IS‘ <br />with no express or implied representations or warranties by Seller as to physical conditions, quclity of construction, <br />workmanship, or fitness for any particular purpose (This paragraph is not intended to waive or limit any provisions of <br />Minn Stat . Chapter 327A ) <br />11. DISCLOSURE OF NOTICES. Seller has not received any notice from an^ governmental au'honiy as to violation of <br />any law. ordinance or regulation If the property is subject to restrictive covenants. Seller has not received any notice from <br />any person as to a breach of the covenants <br />12. SELLER'S AFFIDAVIT. At closing, Seller shall supplement the warranties and representations in this Purchase <br />Agreement by execubng and debvenng a Minnesota Uniform Conveyancing Blank [Form No. 116-M, 117-M, or 118 M) <br />Affidavit of Seller. <br />13. POSSESSION. Seller shall deliver possession of the property not later than date of closing All interest, fuel oil. <br />liquid petroleum gas. and all charges for city water, city sewer, electricity, and natural gas shall be prorated between the <br />parties as of. None <br />14. EXAMINATION OF TITLE. To demonstrate that SeOer-s bde is good and marketable of record, within a reasonable <br />time after acceptance of this Purchase Agreement Sefler Shan furnish Buyer with an Abstract of Title or a Registered <br />Property Abstract cerblied to date including proper searches covering bankruptcies and state and federal judgments, <br />federal court judgment liens in favor of the U S., liens, and levied and pending special assessments Buyer shall have ten <br />(10) business days after receipt of the Abstract of Title or Registered Property Abstract either to have Buyer's lawyer <br />examine the ttle and provide Sefler with written objections or, at Buyer's own expense, to make an application for a title