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' OS/06I2011 70:48 IFAX � EFP�X I�01il031 �rug, o, 2C11 1 ' ' 3�A�� Gabriel � ina�cial Group No, 0939 P, 7/10 .�:�:�� `- ° V.�CANT LAN� PURCEi,�SE AG��tVfENT SV��T 158. Page 5 Date��-C'�� _� GB9VRNET.som �//� 7 fi9. Property lo�ated at_ ��o`�-� (�_�'�7 �7"%��/�r�� 1 i4. T1Mc Q��SSENC�:Time is ot tl�e essence in this Purchase Agreement. 171. �NTI�E AGREFMEN7: 7his Purchase Agreement, an�attached exhibits and any addenda or amendments signed 17�. by tne partios shall constitute the entire agreement between �uyar 3nd Sefler 2nd supersedes any othor written or 173, oral agreements between Buyer and Seli�r,This Purchase Agreement can be modified or cancel2d only in writinc� 174. Signed by.Buyer and Sellor or by operation af 12vd.The p�rties agree the electronic signaFure of any party an any 175_ dncumEnt related to this transaction ounstitute va(id, binding signature5.All monetary sums are doemed to be United 176. States curr�ncy for purposes of this Ptlrchase Aareement. Buyer or Seller may be r�quired to pay certaln closing 177. cpsts,which may effeciively increase the c�sh outlay at closing or reduce the proceeds from the safe. 178, FINAL ACC�PTANCE:To be binding, this Purchase Agreement must be fully er,ecuted by both parties and a copy 179. must be delivered. i80. CALCULATlON QF DAYS:Any calculafion of days begins on the rirst day(c�lendar or Business Days as specified) 181. fallowing tha occurrence of the event specified and includas subsequent days{celendsr or Business Days as specified) 182. ending at 11:59 P.M.an the last day. i 83. BUSIf�ESS DqYS; "Business Day5"are days which are not Saturdays, SUndays or state or federal holidays ur�less 1"04. stated elsewhere by the patties in writiny. 185, DEFAU�T: If Buyer defaults in any of the �greemants hereunder, Seiler may terrninate this Purchase Agraement 186. under the provisions of MN Statute 559.21. If either Buyar or Seller defaults in any af the ac�reements hereunder ar 187. thera exists an unfiulrilied conditiqn aftar the date specified for fulfiliment, either party m2y cancel t1�e Purchase 188. Agreement vnder MN Statute 559217, SUbd. 3. Whenever it is provided herein that the Purchase Agreement is 189. canceled, said language shall be deemed a provis�on authorizing a Dec(aratory Cancellaiion under MTJ S#atute 194. 559.217, Subd.4. 191. If this Purchase Agreement is noi canceled or terrninated as provided hereunder, Buyer or 5eller may saek actual 192. damages for breach of this Purchase Agreement qr specific performdnce of this Purchase Ac�reement; and, as to 19�, speeific performance, such action must be commenced within six(6) months after such right of actinn arises. 194, NOTiCE A�GARDING AIRPORT�ONING REGULA'fIONS:The property may be in or near an airport safety zone 195, with zoning regtalatians adopted by the aoverning body that may affec2 the property. Such zoning regulatiops are 196. fi(ed with the coun�ty recorder in each counry where the zoned area is iocated. If yau wotlld like to determine if such 197. zoning regulations affeci th�property, you should cont�ct the county recorder where the zoned area is located. 198. NO'�ICE REGqRDING PR�DATORY OF'��NDEF�WFORMATION:lnformatian reg�rding the predatory offender 199. reglstry and perspns registered wltn the predatory offender reglsfry under MN Statute 243.166 may !�e 200. obtained by contacting the Iocal law enforcament a�Fices In the community where fhe property is located 201, or the Minnesota Department of Corr�ections at (651} 361-7200, or from the Depa;-tmsnf of Correctfons web 2�2. site at www.corr.state.mn,us. 2Q3. SPECIAL bIS�L�SURES: Selter discloses, to the b,e��,,,,of Sefler's knowledge, that the propsrty described in fhis 2b4. Purchase Agreement consists of approximately� ,�'rACRGS[�SDUARE FEET and is currently zoned ----------..(Ghacx one.�---..--.... 2Dj. �06. Seller discloses, tq the best of Seller's knowledge, that the property� �S �15 NOT in a designated fEood plain -••^••�ChfiC�.'ORP,.�:--•- 207. area, 208, Seller discfoses, to the best of Seller's knowiedge, tha# the property ❑ DpES (gDQES NQT currentfy reueive --.---.--.(Check one.)-----.... 2�9. preferential�ax treatment (e.g.Groen Acras). 210. SeUer ceriiiies ihat any and al(leases�ppli�„able to the property in effeCt as of fhe date ot tt�is Purchase Agreement 211. are terminable on or before the date of clOsing as specified in this Purchase Agreemeni.. MN:VLF'A-5(8/11) CER1078(3/11) Operated ey 8umet flealty LLG � �