07-10-1995 Council Packet - Laserfiche WebLink

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1 RECEIVED OF4.____________rj '' 'f'-fS tha sum of n/^C- V Oottais (t J6 bMr'CHECKCASH440TE at aamaat monay to ba daposRed upon accaptanca of Puichaaa Apiaamant by all parties, on orI •* la r>m»i 7 bafoia tt»a nasrt busiitasa day after accaptatKa, In a trust account of Hstlrtg broker but to ba returned to ttuyar If Purchase & Agieamant Is not accapted by Sellar. Said earnest money is part payment tor the purchase of the property located at: a SUM Addm:S7S <^xr ,. /✓X'_______________________ Qiy oi __________________________________________________ County ol Af ___________ stale ol Miimesola, 11.Legafly descrtoed as tt. _ (■ 11 ir 14.U 1& fi ie c That part of Lot 2. Block 1. KLITZKE ADDITION, according to ttie recorded plat thtfcof, which lies easterly of the following described line 17.1 ia £ 19.i 20.i 21.. 22. Ccmmencmg at the southeast corner of said Lot 2. thence on an assumed bearing of North 69 degrees 41 minutes 21 seconds West along the south line of said Lot 2 a distance of 55 00 feet to the point of beginning of the line to be described, thence North 19 degrees 02 minutes 10 seconds East a distance of 155 00 feet and said line there terminating ind ing in fier cks inSy UKl'^ 21 al of which property Seller has this day agreed to .sell to Buyer tor sum of; ($. •■/•A ./^ ■f Co ■Y ^ •* Jf rj f t.» ^ f't fy^ ^r ' «« , _________ ^/r>ro Dollars, 2& »4iich Buyer agrees to pay in the tallowing manner; Earnest money of $—-------—=------------------------------------------------------------ 26 and »//. <f O__________________cash on _________________(G i ------the date of closing, and 27.the balance of $_____ 26 Conventional FHA Assumption Contract for Deed ' 11 '* I. 1|r^l t)/ financing in accordance with the attached addendum; Other:________AZ 29, This Purchase Agreement IS NOT subject to a contingency addendum. (If answer is IS. see attached addendum.) '(^NO^ubject to cancellation of 31.This Purchase Agreement IS /(^^N^])sub)ect to an Inspection Addendum, (If answer is IS. see attached addendum.) 32.Attached are other addenda which are made a part of this Purchase Agreement (Enter page or pages on line 2) 31 DEED/MARKETABLE TITLE: Upon performance by Buyer. Seller shall deliver a 34, joined in by spouse, if any, conveying marketable title, subject to; Warranty Deed 35.(A) Building and zoning laws, ordinances, state and federal regulations: (B) Restrictions relating to use or improvement ol the property without 36 effeclivo todeiture provisions; (Q Reservation ol any mineral rights by the State of Minnesota; (D) Utility and drainage easements which do not 37.interfere with existing improvements; (E) Rights of tenants as follows (unless specified, not subject to tenances);------------------------- 38-------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 39.(F) Others (Must be specified in writing); 46 SPECIAL ASSESSMENTS shall be paid as follows; lATE OF CLOSING<SEL^ SHALL^.OWJATE-GF 42.of special assessments certified for payment with the real estate taxes due and payable in the year of closing. 43 BUYER SHALL ASSUME / SELLER SHALL PAY OiMlate ul ClUUmg all other special assessments levied as of the date of closing. 44 BUYER SHALL ASSUME / S^ER SHALL PROVIDE^OR PAYMENT jiE^^pecial assessments pending as of the date of this agreement for 45 improvements that have been ordered by the City Council or other assessing autfrorities. (Seller's .provision tor payment shall be by payment into 46 escrow of 2 limes the estimated amount of the assessments, or less as required by Buyer’s lender.) 47.BUYER SHALL ASSUME i(SELLER SHALL PAV c^ data otTtostng-any deferred real estate taxes (i.e. Green Acres, etc.) or special 48 assessments payment of which is required as a result of the closing of this sale. Buyer shall pay real estate taxes due and payable in the 49 year following closing and theieafter and any unpaid special assessments payable therewith and thereafter, the payment ol which is not 50 otherwise provided ''50 oinerwise provioeo — 51.As of the dale of tins acjiucnnent. Scitcr represents tftal Setter ‘IAS / ^AS NOT^Jreceivad a ndico d hearing tor a nwv pubic imprwement 52.project from any governmental assessing authority, the costs of which project may be assessed against the property. If a notice of ponding 51 special assessment is issued after, the date of this agreement and on or before the dale of closing. Buyer shall assume payment of 54.ALL / NONfe T'OTHER:_________________________of any such special assessments, and Seller stiall provide for payment on 55.date of closing r ALL /ViONE / OTHER'of any such special assessments. If such special 56 assessments or escfow amounts for said special assessments as required by Buyer’s lender shall exceed $----------------------------- 57 Purchase Agreement shall be null and void at Seller’s option; parties agree to sign cancellation ol Purchase Agreement and all earnest 56 money paid hereunder shall be refunded to Buyer, unless one or both of the parties agrees in writing on or before the date of closing, to 59.assume, pay. or provide lor the payment of such exces^/j 60.Seller and Buyer Initial; Seller(s)^___:__"liH.— DaleZ ------------^ Buyer(s) v. '-------------Dale --------------- 61.MN PA 1 (093)( own 1041 (BOJi