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Home My WebLink About1978-05-26 Land Sale AgreementJ f* 1 ^ M,nnr*oii Ui.Worm Ccn«r) •ncm^ BianVt (Rraiird ,iI^f)4S Sf^rcctncntj .Vadt and enured inU> this----26th.---------day of^ * J5_~7® , hy and Ictwecn.....Richard Lee Prlnus^and Bx£nt Ka... Px/aus---------- .May. paH .M9of the first j>art, ona-Willr**d.J. Gova.aTjd..l'^rcalla. Dex.. . •-» _ 1 .* ......^ part ies. of iKe ucond part. USitnCtf^tltl. That the taid part 1®*. of (he first part in consideration of the covenants arid a{reo~ Tnenis of said pari...ICSo/ the ttoord part, hcreinafUr contained, herthy sell and agree... to convey unto said paH ies of the second paH, . their heirs and assigns, by a Warranty-------------------------- Deed, accompanied by an'abstract eviderring good tUle in part ies of the first part at the date hereof, or by an owner’s duplieaU certifieaU of tUle, upon the prompt and full performanoe by said part lea of the second part, of. the is — I^art of this agreement, the traet of lard, lying and being in the County of .......Hennepin____________and Slate of Minnesota, descrilcd as follows, to-wU:_ The East 175 feet of the West 627 .^eet of South 283 feet of the Southeast Quarter of the Southwest Quarter of Section 3.T, Township 118 North, Range 23 West of the 5th Principal Meridian. I j •■ ■■‘s. ‘ \'t>i ” I < * C* 5 r • I z • '.*.4V * '• • •• • ;' 8‘n:oMiJC:V Jnd said part..le&. of the second pari, in e^nnderaJden of the pret Uses, hereby agree — to pay jaid yiaet.~d.aaa/ the first pari, at —Mi nneapol 1 a, Minnesota—^-----1 ----H---- me and for tho purthase price of eaid premieee, the sum o/-Fif tyr-.three. Tnousand-and-no/dOO- 4S3,.000..C)Q).—Dottore, in manner and at tisnee fottawing, ta-udt:----------------------------------------------------------------------------------------- $ 3,000.00 (Three Thousand and no/100 Dollars) cash, receipt of which la hareby acknowl’ edged, and the balance of 50,000.00 (Fifty Thousand and no/100 Dollars) by Contract for Deed In nonthly Install- aents of $387.00 per aonth with Interest at the rate of 8Z per umua comaenc- Ing the 1st day of June, 1978, vltb the first payaent the let day of July, 1978, and on th< first day of each aonth thereafter until the 1st day of June, 1985, when the entire r SMinlng principal balance shall be due and payable, together vith interest. • Buyer shall have full prepayaent privileges hereunder %rithcat penalty. . ’... - . , ~ Buyer aay not cut any trees on the premises without written vermlssion of Seller* The filing of a Mechanic's Lies' reaaining of record for aore than thirty (30) days shall constitute a default of this contract. The Buyer say not sell or assign their rights in this contract to the subject property wltlh- out the written penDissioo of Seller which shall not he unr*iasonably withheld. S p»ft_l.ea of Ihe Mcond P*n forlltcr co*tB«nl — mnd ■gree__ » lollowt: lo p»y, bcfoic penalty allacbcs tner*!^ all tasc* 4a« and payaUc ia the year 19-79. » aubtesuent yean, and all apecial aiscsamcnU heretofore or hereafter levied.-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- alae that aay buDdlaga aad improvemeau bow ob said land, or which aball hcrcaltcr be erected, placed, or made tbcrcea,' ahall not he removed therefrom, hat aball be and remain the property of the part J.as~ of the firat part unta thia con tract ahan be faUy performed by the par1_iaS- «l the second part; and nt—thals---------own ejtpcnac. to keep the hnild- ins* oa aaid prcmiaca at aC times iaai 'cd ia some reliable iniurancc company or companies, «e be approved by Ihe part-l£& ol the 6rst p^ againat loss by fire lor at least the turn of-Eifty-Iboi isand and-no/JXM)--------------------- C3(M100.iiaX=^==------------------------------------------------------------------------------------------------- --------------------Dollara payable to aaid rart_daa »h« *rat part, .IhelC------------ pin* over and above the amonnt then "wiag said parldea. Collsr^ __heir* or aaaigni, and, in cate of Iota, should there be aoy aur- . of the firat part, theig--------------heir*, or aaaiga*. the balance ahall be paid over to the aaid part-XaS- of the second part at--------£lL*ri.y -------------------------interest shall appear, and to deposit with the part-JLSf of Ihe first part polidet of aaid insurance. But should the second part-iaa. fail to pay any item to be paid by aaid part~les under the term* hereof, same may be paid by firat part Jas. and ahall he forthwith pay able. with interest thereon, at an additional amount due firat psri-iaS. under this 'oniracL ^97 8 taxes wJlJ_he jionrhomesLead.___________________________________ But should default be made in Ibe payment of principal or inletett due beieui.dcJ. or of any part ibeteof. to Le*by aeeond parl__lPS j aid, or sbould —^^^y----------f»«l «o pay the taaer or astesiment. upon said land .pieniiums u|^n said Insoiao.e or to perform any or ’eilber of the covenants, agreements, terms or conditions bMCin eonlamed. to be by saifl recond parl_leS lept or ; e.formed, the said part Ips- of the ‘•.Mt part may. at thCiT ._*cplion, by wrillen notice declare this contract cancelled and terminated, and all rights, title and interest aerjuired thereunder by said second parl._lC^ shall thereupon tease and terminate, and all improvements made upon the premises, and all payments made hereunder shall belong to said part-lcS. of the first part as liquidated damages for breath of this contract by said second par*-lcaL, said notice to be in accordance with the Statute in such case made and provided. Keither the eaiension of the time of payment of any sum or sums of money to be paid hereunder, nor any waiver by the pirt -lcs. of the first part of-UielxrighlS to declare this contract forfeited by reason of any breath thereof, shall ia airy manner affect the r^ghl of said part leS_ to cancel this contract because of defaults subsequently maturing, and no Olension of lime shall be valid unless evidenced by duly signed instrument. Further, after service of notice and fa«1«*'e «o • emove. within the per .d allowed by law, the default therein specified, said part Jes. of the retemd part hereby spcc.fitally __ upon demar.d ol said part_lejL of the first part, quietly and peaceably to surrender to posses-, upon drrr.aiid of said par!-..oi me msi pai^ quictijr ^ ^ j t j tioo of said premises, and every part thereof, it being understood that until such default, said part-------- of the second - fo have possession of said pfcmiset. It i< i?Tutuanj» 9grrrb. By and letween the parties hereto, that the Urn* of payment shaU te an essential part of this contract; and that all the covenanU and agreements herein contained i.’ T»» -un with the land and hind the heirs, executors, administrators, successors and, assigns of the respective parties hereto. In tCeifttmonif VBbttttf, The parties hereto have hereunto set their hands the day and year first above unrittose. ^ V** 4 • - ' • ..r.'-.rr*.':’. i ------ > fttate of iHtnnef(ota CauMJty of—Hexmep'i-K <. The foregoing instrument uae acknoudedged before mr '?. this__hStbday «/.------Hay-7y__78_ Richard Lee Prious and Brent Ua.PrliBus LINDA M. SHEmdOEN *HENNEJPIN COuS? >lyCsiwwu^aagm^m»ewg\Wi IMAMS or rUSON ACKNOWSeOCIDI ISICNATVtl or rSBSOM 7Al IMC ACENOWLSOCMBMn THIS INSTRUMENT WAS DRAFTED BY -*•' PMMtIS. PRIMPS t PRIMUS_________. liStaxy„P.ublic,Hennepltt. Connty.Mlnnesota — . urns ot BAWKi ify commission expires Hov« 21,1984 _ 432 Midland Bank llda. pflnneapolls.Minnesota 5ftiHi * IftSIb—Cartifical* of Ac 0talr Mf Minneso ta h» Aoooo^ . • . • . . I * cv f County of—H*£*2SEi=----;—-------s, : * e, • *v >. - The foregoing butrument.wataeknoudediitd before nts *.r - -jr-_- - .. /. w, , ..4 .J.. this ..^^iJSL.day ...... • • •. . N • • A * .. %♦ ' JPJ®.• *f I ** r « <Noury labile)y «iBA \ Panoa TaUas AckaowladBaaal} Mata/y Saal MSlamai Robert Oove Kr 'iD.’T'.l 5f'lon pyilrr*!: Vp.rchJ^.. 1965- A i