Laserfiche WebLink
� TITLE ONE, INC. <br /> 601 Carl�on Parkmay,Suite 1140 <br /> [l�linnetonka MN 55305 <br /> Pbone: 952-745-7890 <br /> � � � � � Fac.rimile: 952-745-7898 <br /> ■ Web.rite: httfr.//wmw.title-1.com <br /> Compliance, Indemnity and Hold Harmless Agreement <br /> File No.: 1103038 <br /> Buyer: Richard N.Chalfen <br /> Seller: Jack C.Douthit and Hazel E.Douthit <br /> Property: 300 Brown Road South <br /> Orono,MN 55356 <br /> Closing Date: 09/30/2011 <br /> Buyer and Seller agree and swear under oath to the following: <br /> 1. Closing Fee. Tide One, Inc. is charging a closing fee of$225.00 to Seller for closing the above sale; <br /> 2. No Legal Reptesentation. Tide One, Inc. or its employees have not and cannot provide legal advice, and are not <br /> representing either buyer or seller (.ree Minn. Stat. §507.45 subd.3(a); <br /> 3. Owners Title Insurance Policy. You have the option of purchasing an Owner's Tide Insurance Policy. The cost <br /> of this policy is $927.00. If you do not wish to purchase the policy at this time, you may at any time for a period of <br /> 30 days. Please indicate your choice by initialing below: <br /> -�,Buyer will purchase the Owner's Policy Buyer will not purchase the Owner's Policy <br /> �,`J <br /> �� �_��i� . NO <br /> '� " uutials <br /> initials <br /> If Buyer is uncertain as to whether buyer should obtain this policy, Buyer should seek independent legal <br /> advice. <br /> 4. Reissue Credit. Discounts for Resale or Refinance of properties in which a policy of tide insurance has been <br /> pxeviously issued (by any title insurance company) may be available. This discount is available when evidence of the <br /> prior policy is furnished to Tide One, Inc. <br /> 5. Buyer Vesting. Buyer request that tide be transferred as follows: <br /> Joint Tenants .---------�--~� Tenants in Common ��» <br /> General Defuutions: "Joint Tenancy" means that if one owner dies, the remaining owners acquire the share of the <br /> deceased owner automatically. When a "Tenant In Common" dies, the deceased owner's share passes to heirs or <br /> creditors according to the laws of inheritance. <br /> If Buyer is uncertain as to legal consequences of this choice, buyer should seek independent legal advice. <br /> Neither Title One, Inc. nor its employees can counsel you on this choice. The only party that can provide <br /> legal advice is an Attorney. <br /> 6. Purchase Agreement. The Purchase Agreement that has been received by Title One, Inc. is the full and final <br /> agreement between Buyer and Seller. There are no side agreements or disbursements that will be conducted outside <br /> of closing. <br /> 7. Document Correction. If required by Tide One, Inc. or by Lender, Buyer and Seller agree to execute or re-execute <br /> any documentation necessary to fully facilitate the closing, including but not liinited to transferring tide to Buyer <br /> and/or placing Lender's interest of record. <br /> 8. Legal Descriprions and Inserting Names. Buyer and Seller authorize Tide One, Inc. to make corrections to the <br /> legal description on any document if an error or typo has occurred. Buyer and Seller further authorize Title One, Inc. <br /> to insert Buyer's name(s) into documents where spaces have been left blank for insertion,including the Deed that will <br /> convey tide. <br /> 9. Taxes, Liens and Other Payments. All payments of assessments, taxes, liens, utilities associated with the above <br /> property or any other payments required by the Lender or Tide One, Inc. will be paid pursuant to the Purchase <br /> Agreement. If any payment is not made during closing, Buyer and Seller agree to pay the agreed to amounts, <br /> indemnify and hold harmless Tide One, Inc. against any disputes as to amounts owed or legal fees required to satisfy <br /> any payments required. <br /> Tide One,Ina File No.:1103038 <br /> Compliance Agreement-Purchase Revised OZ07 <br />