Loading...
HomeMy WebLinkAboutContract for Deed � ! � � � C.V. filed_X_C.V. not req. � No delinquent taxes ; Doc No A10219200 � Current year taxes for whole parcel are paid j Certified, filed and/or recorded on � Transfer Entered Jul 27, 2015 4:16 PM E # Jul 27, 2015 4:16 PM Office of the County Recorder Hennepin County, Minnesota Hennepin County, Minnesota Martin McCormick, County Recorder Mark Chapin ark Chapin, County Auditor and Treasurer ` County Auditor and Treasurer De ut 81 � P Y Pkg ID 1272148C � Document R ording Fee $46.00 � � Document T tal $46.00 ! PID(s) � ; 06-117-23-12-0007 �. �vh,�k � Syf�,�e Gov�firar�- ��.ed� � � a � � I J� � V�� � � � � � F i "s � 6 E 1: f: � �g 4 This cover sheet is now a permanent part of th recorded document. � �) ,' . �,� } � � � k b (Top 3 Inches reserved for recording data) s CONTRACT FOR DEED Minnesota Uniform Conveyancing Blanks 4 �ndiyidual(s) Form 30.1,1(2006) v' t � ,�,.j , DATE' �uly �� ,2015 �I V ���� � (m�ri✓eayiyee�l THIS CONTRACT FOR DEED(the°Contract")is made on the above date by Gregory C.Whlte and Lynn M.White also known as (lasa7name andmer�al sfa(us areachSeNer) Lynn H.White,husband and wlfe ("Selier"j; and Todd G.Sylvester and Lisa M.Syivester i: , pnsert name o/each Puchese�J � ,("PUfChase�"), (Checkboxl/■Jolnrtenancy.J , Seller and Purchaser agrea to the following terms; � 1. Property Description. Seller hereby sells and Purchaser hereby buys real prope�ty in Hennepin i s County,Mlnnesota,described as follows; 'k See Exhibit A attached hereto. � Check here!�al/or pari oflhe descr/bed real property/s Reg/stered(Tarensf ❑ together with al(hereditaments and appurtenances belonging thereto(the"Property"). Unless otherwise specified,Seller hereby delivers possession of the Properry to Purchaser on the date hereof. ; ' Check appllcable box.� ■ The Seller certifies that the Seller does not know of any welis on lhe described real prope►ty. ❑ A well disclosure certiflcate accompanfes this � document. ❑ I am familiar with the property described in this instrument and I certify that fhe stalus and number of wells on the described real property have not changed ' since the last previously filed well disclosure certiiicate. ` � 4 � 4�r i �—t�%�c� �:, Pagetot6 � � . � ! E r Page 2 of 6 Minnesota Uniform Conveyancing Blanks Form 30.1,7 i f � 2. Title, Seller war�ants that title to the Properiy is,on the date of this C tract,subject only to the following exceptions: E (a) Covenants,condltions,restr(ctlons(without effective forfeiture pro isions)and declarations of�ecord,if any; � (b) Reservatlon of minerals or mineral rights by the State oi Minnesot ,if any; ; (c) Utllity and drainage easements which do not inierfere w(th presen improvements; ` (d) Applicable laws,ordlnances,and regulations; (e) The lien of real estate taxes and instaliments of special assessme ts which are payable by Purchaser pursuant to.paragraph 6 � of this Contract;and (f� The following Ilens or encumbrances; Highway Plat flled as Dacurnent No.9206517. Other easements of record. � t � 3. Delivery of Deed and Evfdence of Title. Upon Purchaset's full perfo ance of this Contract,Seller shall; € (a) Execute,acknowledge,and deliver to Purchaser a Warran � Deed,in recordable form,conveying ; marketable title to the Property to Purchaser,subJect only to the foliowing xceptions: G (i) Those exceptions referred to in paragraph 2(a),(b},(c),(d,and(e)of this Contract; ; (ii) L(ens,encumbrances,adverse claims or other matters whi h Purchaser has created,suffered or permitted to accrue `€ after the date of this Contract;and ` (ili) The tollowing Ilans or encumbrances: � Hfghway Plat flled as Document No,9206517. � � Other easements of record. i � (b) Deliver to Purchaser the abstract of tltle to the Property,wlihout fu her extenslon,to the extent requlred by the purchase � agreement(if any)between Seller and Purchaser. � � 4, Purchase Price. Purchaser shall pay to Seller at address desi nate b Seller from time to ilme � the sum of four hundred ten thousand and No/100 Dollars ($410,000.00 ),as and for the purchase price(ihe"Purc ase Prlce")for the Property,payable as follows: � t � $205,000.00 The down payment pafd on the date hereof;and � a $205,000.00 The balance,together wlth Interest thereon at the annuai r te of 4.75%,payable in monthiy installments of � principal and interest in the amount of$1;324.76,on or before the flrst day f each month commencing August 1,2015,and on � !he first day of each month thereafter until February 26,2016,when the en re prinefpal balance and all accrued interesi shall be due and payable in full. THIS IS A BALLOON PAYMENT. I � � . . € t , d t 5, Prepayment. Unless otherwise provided ln this Contract,Purchaser s II have the right to fully or partially prepay lhis Contract at . + any time without penalty, Any pa�fal prepayment shail be applled first io payment f amounts then due under this Contract,including unpafd accrued fnterest,and the balance shall be applled to the princfpal installmenEs to b paid in the inverse order of thelr maturity, Partial prepayment shall not postpone ihe tlue date of the installments to be paid pursuan to thls Contract or change the amount of such Instalimenis. E � , � � ' � f : � � Page 3 of 6 Minnesota Uni(orm Conveyancing Blanks Form 30.1.1 � � t 6, Real Estate Taxes and Asaessments. Real estate taxes and installments of special assessments whlch are due and payable In � the year in which this Contract Is dated shall be paid as follows: ; + Taxes and(nstellments of special assessments,if any,due and payab�e In 2015 shall be prorated as of the date of closing. � Taxes and installments of special assessments payable In 2016 and thereafter shall be pald by Purchaser. � Purchaser shall pay,before penalty accrues,all real estate taxes and instaliments of special assessments assessed against ihe Property � which are due and payable in all subsequent years. Seller warrants that the reai estate taxes and instalimants of special assessments which ; were due and payable in the years precetling the year(n which this Contract is dated are pald fn full. If the Property is subject io a recorded � declaration provlding for assessments to be levied against lhe Property by any owners'associatlon,Purchaser shall promplly pay,when due, ' all assessments fmposed by the owriers'associaifon or other governing body as requlred by the provislons oi fhe declaration orother related � ; documents. � 7. Property Insurance. � (a) insured Risks and Amounts, Purchaser shall keep all buildings,improvements,and fixtures now ar laier located on or a part of the P�operty insured against loss by fire,Iightning and such other perils as are included in a standard"all-risk"endorsement,and against loss or damage by all oiher risks and hazards covered by a standard extended coverage insurance policy,including,without limltatlon,vandalism,maliclous mischief,burglary,theft and,if appHcable,steam boiler explosion. Such insurance shall be ln an � amount no less ihan the full replacement cost of the bulidings,improvements,and flxtures,without deduction for physical depreciation. ; If any of ihe buildings,improvements,or flxtures are located in a federally designated tlood prone area,and ff flood insurance is � available for that area,Purchaser shall procure and mafntain flood insurance fn amounts reasonably satisfactory to Seller. � � (b) Other rms. The insurance policy shall contaln a loss payable clause in favor of Seller which provides that Seller's right to recover under the insurance shall not be impaired by any acts or omisslons ot Purchaser or Seller,and that Seller shall otherwise be ` ' afforded all rights and pnvileges customarily provided a mortgagee under the so-called standard mortgage clause. (c) Notice of Damaae, In the event of damage to the Property by flre or other casualty,Purchaser shall promptly give notice of such damage to Seller and the insurance company, 8, Damage to the Property. � � (a) A�plication of Insurance Proceetls. If the Prope�ty is damaged by fire or other casualty,the Insurance proceeds paid on account of such damage shall be applied to payment of the amounts payable by Purchaser under this Coniract,even if such amounts � are not then due ta be paid,unless Purchaser makes a permitted election desoribed in the next paragraph. Such amounts shali be first � applietl to unpaid accrued Interest and nexf to the instaliments to be paid as provided in ihis Contract in the inverse order of their maturity, Such payment shali not posipone the due date of the Installments to be pafd pursuant to lhis Contract or change the amount of such installmenis, The balance of insurance proceeds,if any,shall be the property of Purchaser. �: (b) Purchaser's Election to Rebuiid. If Purchaser Is not in default under this Contract,or after curing any such default,and if the � mortgagees fn any prior mortgages and sellars in any prior contracts for deed do not require oiherwise,Purchaser may elect to have F that portion of such Insurance proceeds necessary to repair,replace,or restore the damaged Property(the"Repalrs")deposited in � escrow with a bank or title Insurance company qualitied to do business In the State ot Minnesota,or such other party as may be � mutuaily agreeable to Seller and Purchaser. The electlon may only be made by writien notice to Seller within sixty(60)days after ihe � damage occurs. Also,ihe election wfll only be permilted if the plans and specfficatlons and contracls for the Repafrs are approved by F Seller,which approval Seller shall not unreasonably withhold or delay. If such a permftted election)s made by Purchaser,Seller and � Purchaser shall jointly deposit,when paid,such insurance proceeds Into such escrow. If such insurance proceeds are insu�cient for � the Repairs,Purchaser shall,before the commencement of the Repairs,deposit into such escrow su�clent additfonal money to insure t the full payment for the Repairs, Even if the insurance proceeds are unavallable or are insufficient to pay the cost of the Repafrs, ;: ' Purchaser shall at all times be responsible to pay the full cost of the Repairs. All escrowed funds shall be disbursed by the escrowee in accordance with generally accepted sound construction disbursement procedures. The costs incurred or to be incurred on account of . such escrow shall be deposited by Purchaser into such escrow before the commencement of the Repalrs. Purchaser sha�l complete lhe Repairs as soon as reasonably possible and in a good and workmanlike manner,and in any event the Repairs shall be completed $ i � � , � Page 4 of 6 Minnesota Uniform Conveyancing Blanks Forrn 30,1,1 C 4 i by Purchaser withln one(1)year after the damage occurs, If,following th completion of and payment for the Repairs,there remains � any undisbursed escrow funds,such funds shall be applled to payment of he amounts payable by Purchaser under ihis Contract in ( accordance with paragraph 8(a)above, � � E (c) Owners'Assoc(ation, If the Property is subJect io a recorded decl ratlon,so long as the owners'association maintains a � master or blanket policy of insurance against fire,extended coverage peril and such other hazards and in such amount as are � j required by this Contract,then:(i)Purchaser's oblfgation in the Contract to maintain hazard insurance coverage on the Property Is � satisfied;(ii)the provisions of paragraph 8(a)of this Contract regarding ap ficatlon of insurance proceeds shall be superseded by the ` provisions of the declaration or oiher related documents;and(iii)in the ev nt of e distribution oi insurance proceeds fn Ileu of f restoration or repair following an insured casualty loss to the Properry,any uch proceeds payable to Purchaser are hereby assigned E � and shall be paid to Seller for application to the sum secured by ihis Contr t,with the excess,if any,pald to Purchaser. ? j 9, Injury or Damage Occurring on the Property►. � (a) Liablli , Seller shall be free from liability and claims for damages y reason of injuries occurring on or after the date of this � Contracl to any person or pe�sons or property while on or about the Prope , Purchaser shall de►end and indemnHy Seller from all E Ilability,loss,cost,and obligations,including reasonable attorneys'fees,o account of or arising out of any such inJur(es, However, E Purchaser shall have no liability or obligation to Selier for such Injurfes whi are caused by the negligence or intentiona►wrongfui acts ` or omissions of Seller, � (b) Liabil(ty Insurance, Purchaser shall,at Purchasers own expense, rocure and maintain Ilabllity insurance against claims for � bodfly inJury,death and property damage occurring on or about the Propert in amounts reasonably satisfactory to Seller and naming � � Seller as an additional Insured. � � 10, Insurance Generally, The insurance which Purchaser is required to rocure and maintain pursuant to paragraphs 7 and 9 of ihls � Contract shalf be issued by an insurance company or companies licensed to do bu iness in the State of Minnesota and acceptable to Seller, ' The insurance shali be ma(nta(ned by Purchaser at all times while any amount re (ns unpald under fhis Contract.The Insurance policies shall provide for not less than ten(10)days written notice to Seller before cancellation, n-renewal,terminatlon or change in coverage,and :' Purchaser shall deliver to Selier a duplicate original or certiflcate of such insuranc policy or policles, + 11, Condemnation. If all or any part of the Property Is taken in condemn ion proceedings instituted under power of eminent domain F or Is conveyed In Ileu thereof under threat of condemnation,the money pa(d pursu nt to such condemnation or conveyance in lieu thereof shall � 4 be applied to payment of the amounts payable by Purchaser under this Contract,e en If such amounts are not then due to be paid, Such amounts shali be applled in the same manner as a prepayment as provided In par graph 5 of this Contract. Such payments shall not postpone the due date of the installmenis to be paid pursuant to this ConUact or change ihe mount of such instaliments. The balance,if any,shall be the property of Purchaser. : 12, Waste,Repalr,and Liens. Purchaser shall not remove ar demolish a y buiidings,improvements,or fixtures now or later located on or a part of the Property,nor shall Purchaser commit or allow waste of ihe Prop rty, Purchaser shall maintain the Property in good ' condltion and repair, Purchaser shall not creaie or perm(t to accrue Ilens or advers claims aga(nst the Property which constitute a lien or ' ir claim against Selle�'s interest In the Property, Purchaser shall pay to Seller all am unts,costs and expenses,including reasonable attorneys' E fees,incurred by Seller to remove any such liens or adverse claims. ; 13. Compliance wlth Laws. Except for matters which Seller has created,suHered,or permitted io exist prlor to the data of ihis �. Contract,Purchaser shall comply or cause compliance with all laws and regulation of any governmental author(ty which affect the Property or ` t�e manner of using or operating the same,and with all restrictive covenants,If an affeciing title(o the Property or the use thereof, 14. Recording of Contract;Deed Tax. Purchaser shall,at Purchaser's e pense,record this Contract in the Offlce of the County t Recorder or Regisfrar of T(tles In the county in which the Property is located within our{4)monlhs after ihe date hereof,Purchaser shall pay any penalty imposed under Minn,Stat.507.235 for failure to tlmely record the Cont act. Seller shall,upon Purchaser's fuli pertormance of this Contract,pay the deed tax due upon ihe recording oi the deed to be delivered by S Iler. � f . , � I , . � t � { � k � Page 5 of 6 Minnesota Uniform Conveyancing Blanks Form 30.1.1 � � 's 15. Notice of Assignment. If either Sefler or Purchaser assigns its interest(n the Property,the assigning party shall promptly fumish � a copy of such assignment to fhe non-assigning party, i P 16. Protection of Interests. If Purchaser fails to pay eny sum of money required under the terms of ihls Contract or falls to perform � any of the Purchaser's obligatlons as set forih in this Contract,Seller may,at Seiler's opilon,pay the same or cause the same to be performed, or both,and the amounts so paid by Seller and the cost of such performance shall be payable at once,wllh interest at the rate stated In � paragraph 4 of this Contract,as an additional amount due Seller under this Contract, if the�e now exists,or if Seller hereafter creates,suffers ` or permits to accrue,any mortgage,contract for deed,lien or encumbrance against lhe Property which Is not herein expressly assumed by � Purchaser,and provided Purchaser is not in default under this Contract,Seller shall tlmely pay all amounts due thereon,and if Seller fafls to do � so,Purchaser may,at Purchasers option,pay any such dellnquent amounts or take any actions reasonably necessary to cure defaults there � under and deduct the amounts so paid together with interest at the rate provided in this Contract from the payments next coming due under � thfs Conlract, f ! � � 17. Defaults and Remedies. The time ot performance by Purchaser of the terms of lhis Contract is an essential parl of this Contract. a If Purchaser falls to timely perform any term of this Contract,5eller may,at Seller's option,elect to declare this Contract canceiled and � terminated by notice to Purchaser In accordance with applicable law or elect any oiher remedy avallable at law or in equily, If Seller elects to � � termfnate this Contract,all right,litle,and(nterest acquired under lhis Contraot by Purchaser shall then ceasa and terminate,and all Improvements made upon the Property and all payments made by Purchaser pursuant to this Contract((ncluding escrow payments,if any) � shall belong to Seller as liqu(dated damages for breach of this Confract. Nelther the extension of the time for payment of any sum of money to be paid hereunder nor any wa(ver by Seller of Seller's rights to dedare this Contract forfeited by reason of any breach shall in any manner affect 5eiler's right to cancel this Contract because of defaults subsequenlly occurring,and no extenslon of time shall be valid unless agreed to � E in writing. After service of notice of default and failure to cure such default within the period atlowed by law,Purchaser shall,upon demand, � surrender possession of the Property to Seller,but Purchaser shall be entitled to posssssion of the Properry until the expiration of such period, � Failure by Seller to exercise one or more remedies available under this paragraph 17 shall not constitute a waiver of the right to exerclse such ; remedy or remedies thereafter. i �. 18. Binding Effect. The terms of this Contract shall run with the land and bind the parties hereto and the successors in interest, ' � � 19. Headings. Headings of the paragraphs of ihis Contract are fo�convenience only and do not deAne,limlt,or construe the contents of such paragraphs. ' � � 20.Add(tional Terms: Check here i!�an addendum to this Contract contalning additional terms and conditfons!s attached he�e�o. � Seller Purchaser j < � � /- ---� , �__�- . �,: �/��/�-�. �. (�ynero�e)Gregory C, Ite �S�r"'��Todd G.Sylv er r �.,.., 1�11 �-�,•.;,--'t-� � - �sy"a°"e�Lynn F�. hite a/k/a Lynn M,Whfte �S g�Llsa M.Sylvester " � , � . � � . � • � , i i Page 6 of 6 Minnesola Uniform Conveyandng elanks Form 30.1.1 ( Staie of Minnesota,County of Hennepin � This instn�ment was acknowledged before me an �ul '� ,2015 by t (monU✓day/yeer) � � Gregory C.White and Lynn M.White also known as Lynn H.Whlte,husb d and wlfe E pnscvt nsme andmad�elstefus o/ea SeflerJ i � � € (Seal,!l any) � �� : �` ' �,� � f` (i P �,, - 'r \.Jd 1 i fslgnattas na�sdalorlkerl k �,9'"���'t�� MICHELLE LYNN DRONECK �tue(anaaank�; �`�`C�' ��;�--�.�t�`' � 3�� Notary Pubiio-Minnesota i � �,,_,_„:, My wm sslon expires: � �► R 3'C% � �% ` ,,,,,� My Commles�on Expiree Jsn'31,2020 - -�} � ( I✓day/year) � k � State of�ie�ae9�-a,Counry of� n j , ; This instrument was acknowledged before me on �uly�2016 ,by —T��,�.t.5 .� � � v,� L��MS��v-,�; (,��u✓a�y��l , Q_ Todd G.Syivester and Usa M.Sylvester (�y�,(_' (1�' (.�►�aL, ` pnse�tname oleach R.rchascr) K � � ``���'"""' R�.CF-`EL BO�,JTSIKARIS ` �,90Urs,.�'�., Seal,I�y�ary public S �V'�pTAq/q;�9':for the State of Montana (slgna�we noredalomcn) � =�� Residing at: ; ;�.SEAL.�Q;= Big Sky, Montana TiUe(and ank): � ' ; "-.'9�• Q'= My Commission Expires: F �'��,�M��� March20,2019 Mycomm sionexpires: C�'31�+0���a!) � 6 � F. THIS INSTRUMENT WAS DRAFTED BY: TAX ST EMENTS FOR THE REAL PROPERTY DESCRIBED IN 7HIS f �"'��"8�8�8�'�'� INSTRU ENT SHOULD BE SENT T0: € Qnser!»am and add�ess o/Granl�e to tr�wm lax stafemenfs sho�ld be sen�) � John B.Winston Todd G Sylvester and L�sa M.Sylvester Wlnston Law Office 4245 B YSIDE RD 815 Wayzata Blvd.East MAPL PLAIN, MN 55359 Wayzata, MN 55391 . Y, 'v ; C—,�e � C . � 1� i� . �c��-Lc fi�. � u3s �.���1� ��. s � p�. ��-�=� ,�Crv S� �s�, � � � € ; � � Note: Fallure to record ihis contract for deed may glve other partles pr rity over Purchaser's Interest In the property. . � � 1 { S � CONTRACT FOR DEED ADDENDUM Minnesota Uniform Conveyancing Blanks � � Form 30.2.1(2006) � THIS CONTRACT FOR DEED ADDENDUM(this"Addendum")(s attached to and made a pa�t of that certa(n Coniract for Deed dated � Ju�y Gj ,2015 between aregory C.Whfte and lynn M.White aiso known as � (monU✓day/year) pnseitneme o/Seller) � Lynn H.Whlte,husband and wife ,as("Selier"), and Todd G.Sylvester and Lisa M.Sylvester ,as("Purchase�"). 5 Qnsert name o/Pwchaser) f [ The terms and conditions contalned in the Addendum shall supersede any contlicting provisfons contained ln this Contract, Unless deflned in ; thls Addendum,all capitallzed terms have the same meaning as In the Contract, Only those prov(slons checked In the"Yes°column,balow, � shail be included and be part of this Addendum. Yes No ■ O A, Late Payment Fee, If any payment is not received by Seller wlihin fifteen(9 5)days of the date when due,Purchaser g shall addltfonally pay to Seller,to fhe extent allowed by law,a late charge of four percent(4°!0)of the amount of the delinquent i payment, i ■ ❑ B, Transfer Restrictions. Purchaser may not sell,assign,or otherwise transfer Purchaser's interest in this Contract,or the ; Property,or any part thereof,or if Purchaser is an entity,the controlling interest in Purchaser may not be iransferred without the written consent of Seller,which consent; � ; (checx onyone eo�l ■ shall be granted or withheld in the sole discretion of Seller. � ❑ shall not be unreasonably w(thheld,or delayed by Seller. i ❑ ■ C, Escrows. In Addition to the monthly payments of princlpal and interest,Purchaser shall deposlt with Seller,with each payment,an amount represent(ng one-twellth(1/12)of the annual real estate taxes,installments of special assessmenis,and � insurance premiums wifh respect to the Property(or such other amount as Seller is required to deposit under any underlying t encumbrance on the Property). The amount of such taxes,speclai assessments,and fnsurance premiums,when unknown, � • shall be estimated by Seller, Such deposit shall be used by Seller to pay real estate taxes,(nstallments of special assessments,and Insurance premiums w)th respect to the Prope�ty when due, If Seller fails to do so,Purchaser may,at ; Purchaser's optlon,pay any such delinquent amounts and deduct the amounts so paid from payments next coming due under this Contract, If the balance deposited with Seller is Insufficier�t to pay such real estate taxes,specfal assessments and � insurance premiums when due,Purchaser shall pay the deficiency to Seiler upon written demand. ■ ❑ D. Property Improvements. Except for work reasonably necessary to permit Purchaser to comply with Purchasers � obHgations under this Contract,Purchaser shall not hire or perform any repairs or improvements to or replacemenis of the Properly having an aggregate cost ln excess of Five Thousand and No/100 Dollars($ 5,000.00 )without securing the prior.written consent of the Seller. Purchaser w111 not cause or permit any mechanics'liens to be recorded agalnst the Property. Purchaser agrees to defend,Indemnify,and hold Seller harmless from any loss,damage,or expense Incurred by Seller with respect to any party ; asserting a mechanics'lien claim,It being understood and agreed that thfs undertaking shall survive cancellation of ihis � Contract or the delivery of a deed pursuant to the terms hereof, ■ ❑ E, Hazardous Substances. Purchaser shall not b�ng,store,generate,or t�eat hazardous wastes or substances or � petroleum products upon the Property,except for small quantitles wh(ch are stored and used in compliance with applicable ' law. Purchaser hereby agrees to indemnliy,defend and hold Seiler harmless from any and all claims,demands,aqtions, causes of actlon,liabllities or rights which may be asserted against Seller with respect to such substances,or products,it being underslood and agreed that this obligation will survive the cancellation of thls Contract or the delivery o(a deed pursuant to the terms hereof. Note: 7his document must be attached to a contract for deed and cannot be independently recorded. Page 10(2 � � � , 6 l . , ,. . Page 2 of 2 Minnesota Uni(orm Conveyancing Blanks Form 30;2,1 � I , � ■ ❑ F. Alternative Acceleration Remedy. If Purchaser fails to time y perform any term of this Contract,Seller may elect,on � thirty(30)days writlen notice glven to Purchaser,to dedare the e t(re unpaid Purchase P�ice,together with accrued interest r , thereon,immediately due and payable in full and commence an a tion agalnst Purchaser to collect all amounts due hereunder. f Purchaser shall have the rfght to reinstate this Contract at any tim before entry of flnai judgment against Purchaser for ` amounts due hereunder if Purchaser:(i)pays Seller all sums due ereunder as of the date of reinstatement;(If)cures any ' other defaults existing under this ConUact as of the date of reinst ement;and(iii)pays all expenses Incurred by Seller in ' enforcing this Contract,including,but not Iimited to,reasonable a rneys'fees and costs. Seller shall deliver the deed for the � Property in the manner required by paragraph 3 of this Confract en all amounts due hereunder have been paid. � i ❑ ■ G. Nonrecourse Obligatlon. Notwithstanding any olher provisi conta(ned In this Contract io the contrary,if Purchaser ; defaulls in Purchasers performance of this Contract,Seller's sole emedy shall be ta cancel this Contract in accordance with � Minn.Stat.559,21,as the same may from tlme to ilme be amend , Seller specificaliy waives any rlght it may have to � commence an action for the specific performance of ihis Contract r any right it may have to seek an award of damages € against Purchaser. � r ■ ❑ H, Addltlonal Provisions, � ; � Upon Purchaser's Default,Seller may requlre the es ows provided for In paragraph C above. � i � � F t F • (y ( f F j Note; This document must 6e attached to a contract for deed a d cannot be independently recorded. � a � , . , , i E 2 EXHIBIT"A" � ' Legal Description � � � Flie No. 15-07260 � E � � ' E � That part of the West half of the Northeast�uarter of Sectfon 6,7ownshfp 117 North, Range 23 . � West of the 5�h Principal Meridian lying southerly of the centerline of eayside Road, northerly of ' � -.---_ _.__ --_ "Line A,"said-"Line A"-befng descrlbed-as follows: Commencing at.the-Southeast corner_of_safd. _ . � West Half of the Northeast Quarter;thence north along the East line of said West half a distance . � of 11&7.98 feet to the point of beginn(ng of said"Line A";thence west perpendicular�to sald East ; line a distance of 427.00 feet to"Point A"and said"Line A"there ending,and lying easterly of a. � ; line described as beginning at safd "Point A";thence northeasterly deflecting rlght 108 degrees 46 E minutes 10 seconds when measured from west to north from the prolongation of said"Line A"a � . distance of 693,17 feet, more or less,to the centerl(ne of Bayside Road,and said line there ending. � � Records of Hennepin County, MN. ; � € Abstract Property., � P ,: r I ' f t • f � . i • � � , S E � � # E . . � f 2 � f � �