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Home My WebLink About1970-09-01 Purchase AgreementNo. 181, 14 Revlaed IUaa MILLtLI DAVIS CO. Minneapolis WHITE—OfIke cbo, YELLOW—Buyer's Copy GRAN N—Seller's Capy PINE—Buyer's Receipt PURCHASE AGREEMENT Minneapolis, Minn, ............... .". / ...............,19..:(." RECEIVED OF....V .3.1 *..Q> ...V> W. 0 the sum of 011. 4=49"...014 00/100-------- (S 100.00 .........) DOLLARS ....... .... as earnest money and in part payment for the purchase of property at (Cksek. Cub K Mar--BtaM WbIcb% ........................................................ ...._ situated in the County of ,.._......imisimspLa.......................................... State of Minnesota, and legally described as follows, to -wit: That part of Lot 5, Langdon Park commencing at a point on the Easterly line thereof 495' North of Southeast corner, then Westerly laoj iiiJ�rarallel to the South line thereof, thencg Southerly 200' parallel with the Easterly line thereof, then Easterly �' Varallel with the South line thereof, then back to point of beginning. w� all of which property the undersigned, as agent for the owner, has this day sold to the buyer for the sum of Tea Thousand and 00/100-------- - - ---------- ($10,000.00) DOLLARS, which the buyer agree s to pay in the following manner ;Z, *Co. Qp Earnest money herein paid S 100.00 and S cash, on December 31,1970 , AAAAAA&XA4 and an additional 47.100.00 on January 1. 1971. the date of closings, The buyer agrees to landscape the subject property to blend or correspond with the topography arA landscaping of adjoining properties. Subject to performance by the buyer the seller agrees to execute and deliver a Warranty Deed (to be joined in by spouse, if any) conveying marketable title uo said premises subject only to the following exceptions: (a) Building ani zoning laws, ordinances, State and Federal regulations. ( b ) Restrictions relating to use or improvement of premises without efftrctive forfeiture provision. (c)Reservation of any minerals or mineral rights to the State of Minnesota. (d) Utility and drainage casements which do not interfere with present improvements. (e) Rights of tenants as follows: (unless specified, not subject to tenancies). The buyer shall pay the real estate taxes due in the year 19 71 and any unpaid installments of special assessments payable there- with and thereafter. Seller covenants that buildings, if any. ore entirely within the boundary- lines of the property and agrees to remove all personal property not included therein and all debris from the premises prior tosscson date. The seller further agrees to deliver possession not later than CL sing provided that all conditions of this agreement have been complied with. Unless otherwise specified this salt shall be closed on or before 60 days from the date hereof. In the event this property is destroyed or substantially damaged by fire or any other cause Wore the closing date, this agreement shall become null and void, at the purchaser's option, and all monies paid hereunder shall be refunded rs him. T4tt44eryer-awclsal"stMien"i as"awiWAvissaw+ri{ia!-twasae�wie-ice4ho4ais" ;fwumrpCooll yt-wswao-sp4a ns4""Nrewasr11as9-brwiad►wa-oi. The seller shall, within a reasonable time after approval of this agreement, furnish an abstract of title. or a Registered Property Abstract certified to date to include proper searches covering bankruptcies, and State and Federal judgments and lien. The buyer shall be allowed 10 days after receipt thereof for examination of said title and the making of any obtections thereto, said obiections to be made in writing or deemed to be waived. If any objections are w made the seller shall be allowed 120 days to make such tide marketable. Pending correction of tide the payments hereunder required shall be lumponed. Lot upon correction of title and within 10 drys after written notice to the buyer, the parties shill perform this agreement according to its terms. If said title is not marketable and is not nla,le w within 120 days from the date of written oblations thereto as alxive provided. this agreement shall be null and void, and neither principal shall be liable for damages hereunder to the other principal. All money there- tofore paid by the buyer shall be refunded. if the title to said properts L, found marketable or be w made within said time, and said buyer shall default in any of the agreements and continue in default for a period of 10 days, then and in that case the seller may terminate this contract and on such termination all the payments made upon this contract shall he retained by said seller and said agent, as their respective interests may appear, as liquidated damages, time being of the essence hereof This provision shall not deprive either patty of file right of enforcing fisc speiiic performance of this contract provided such contrast shall not be terminated i% aforesaid, and provided action to enforce such specific performance shall be commenced within six months after such right of action sha I arise. It is-umitrstersd d -It teed ell at-chitsiti+lrm*90bfrwa.-tlte+pPat 24 n wMaseof"boil IK4is f iw«sm>!asIli el►Ma}— sinow-la ss---------.iayia.+ooiainrwtssiaba,-tha-tl�,„,.�d.wgcwt-ar a-wc►asanew isob*-"&ae"vA*A"ws-.cwwrx..(-thi►-picas-- easatsF �staya w aawut sew atwiers4 {w tisawswaat +wieor �aisL uttJer ►bio cuwtaau. The delivery of all papers and monies shall be made at the office of: Village Clerk, Village Office Box 66, Crystal Bay, Blinn. 1, the undersigned, owner of the akxive land, do he cby aper„sc the above a nt and the sale therelhv m C. / 8.11•rRo ald K! q t rAu By Agent I hereby agree to s base the said der r the pike and u(xin the term,-..sffve eOticyiecd suis' to r�"copditinns he 6b;- fin b- corer C� 1 Buyer