HomeMy WebLinkAboutvacant land purchase agreement Sep. 1. 1U11 � : 46NN1 Gabrial � i �a�� ial Group No. Uy�3 N. 1
RECEIVED
-":;'�i4r`�`��= MAY 0 3 2012 VACANT LAND pURCHASE AGREEMENT
_ � This form appro�ed by thQ Minnesota Associatton of REALTORSm,
which disclaims any liablllty arising out of use or misuse of this form,
CITY OF ORONO �ppy; Minnesata Association of R�ALTORS�,Edina,MN
�l.JR1V�� 1. date �'�7 -��1� -
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3. RECEIVED OF . ���� �-�°����r- �11�.1�� ����
4.
5. the sum of �i�'� � � Dollars ($ �����. �� )
6. by�N�CK ❑ CASH [] N4T� as earnest money ta be deposited upon Final Acceptance of Purchzse
----rcnB�k o�e.r-.........__�.--
7. Agreemant by a{I parties,on or before the th(rd Business Day after Flnal Acceptance, in the trust accaunt ot
�, list[ng broker,unless otherwise�greed to in writing, but t� ba returned to�uyer if Purchqse Agreement is not
9. accepied by Seller.
10. Said earnest money is part payment for the purchase ofi trie property located at
11, Street Address' � � ^ �
12. Gity af a , County of State of Minnesota, legally
f� / �
13. described as --
14.
15, incfuding all fixtUres, if any,-❑ 1NCLUDING EXCLUDING all emblemenis within the property at the time of t}�is
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16. Purchase Agreement, if any, and ❑ INCLUDING .�EXCLUDING the follvwing persanaf property, if any,
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'(7.
16.
19_ �� �
20. all of which property Seller has this day agreed to sell ta Buyer for the sum of($ , )
c�d
�� `" Dollars,
22. which Buyer agrees to pay in the folfowing rnanner:
23. 1. Cash of�percent (%} of;he sale price, or more in Buyer's sole discretian, which incEudes the earnest
24. money;PLUS
25. 2. Financing of perceni(%)af the sale prica,which wlll ba the totaf amount secured against fhis property
26. to fund this purchase.
27. Such financing shall be ❑ a �irst mortgage ❑ cantract for deed or ❑ a first mortgage with subordinate
_..�...............-•--�-----------�Chack one,)---- --------------------•................
28. financing, as describsd in the attached Addendum; �
29. ❑Conventiona!0 FHA 0 DVA�.�ssumpfion❑ Cpnfracf faY Deed Q Other: .
--- -• ................,�^---------------(Check a!!lher eFP�Y)..,.....---.-�. -••-•-•--•------ _....._...................
30. The date of closing shail be ����� -c��,2a�l'-� ���Or�� �
31. This Purchase Agreement ❑ IS �IS N07 subject to a Cr�ntingency Addendum for safe of Buyer'S property. pt
•--•--(Gheck one.}--
32. answer is IS, see attached Addendum.) (If answer is IS NOT, the clasing of Buyer's proper�y, ii any, may stifl af€ect
33. Buyer's ability to obtain financing, if financing is applic�ble.)
34. This Purchase Agreemsnt❑1S,�S,NaT subject to cancellation of a previousEy written purchase agreement dated
--{Chsck one,}-�•�-,
3�, , 2p _ (1f answer is iS, sai� Cancellation shall be obtained
36, no later than , 20 .
37. It said.cancelfation is not obtained by said date, this Purchase Agreement is cancaled. Buyer and Seller shall
38. immediately sign a Canceflafion of Purchase Agreement confirming safd cancellatlon and direeting all �amest money
39, paid hereunder to be r�funded ta Buyer.)
MN:V�PA-S (8l11) CBR1075(8/i1) Operated By Burnet Aealty LLG � �
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41. Properiy located at�, ��-� G� ���1�� ,
42. SPECIAL CON7iNGENCfES: This Purchase Agreement is subject to the folEowing contingencies, and if the
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43. contingencies checked below are not satisfied or waived, iI�writing, by BUyer by , 20 ,
44. thfs Purchase Agreement is canceied as of said �ate. Buyer and Se[ler shall immediately sign a Cancellation ot
45. Purch2se Agrsementconfirming said cancellaEion and direoting al1 eamest money paid her2under to be refunded to
46. Buyer.
47, (Select appropriate options a-i.)
48. ❑ (a} ❑ BUYER ❑ SELLFR shali provide a certificate af SUrvey of the property, at ❑ BUYER � SELLER
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49, expense.
50. ❑ (b) Buyer obtaining appravel af city/township of proposed building plans and specifications at
51. ❑SUYER Q SELLER expers2.
••..••_..-.-(CRBC1r One.}--•--
52. ❑ (c) guyer obtaining approva[ of city/township of proposed subdivision development plans at
53. ❑BUYEi��SELLER er,panse.
-----(cneck one.}-�._......_._
54. Q (d} Buyer obtaining approval of city/township for rezoning or use permits et 0 SUYER❑S�E.L�Fc expense.
---(Check ons.;•-•�--•--
55, ❑ (e) Suyer obtaining, atQ BUYER�SELLER expense, percolation tests which are acceptable to Suyer.
•...-.........(Chsck ons•}---
56. [,� (f} Buyer obtaining, at ❑ BUY�R ❑ SEtl.ER expense, soil tests which indicate that the property may be
-- (Check ons.r•��-•-...
57. improved wifhout extraardin�ry building methads or cost.
58_ ❑ (g} Buyer obtaining approval of building plans and/ar�peciflcatipns in accordance with any recorded subdivision
59. cavenants and approva! nf the architecturaf controE committee.
60. ❑ (h) Buyer obtaining, at� eUYER „{�„J SELLER expsnse, copies bf all covenants, reservations and restrictions
- (Check one.}-------�--�-
61. affecting the property.
62. � Qther:�1�,��,��.�1�,�5 �d �.l� f��.
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63. ����.� � �C'�` ��,-l"` �J'�1��'�� [�� �77`�-�
64. - .�--�.�-�rn��
65. Sellet's expenses for thesa contingencies (if any) sh211 not exceed$ -�-� .
66. DEEDlMARKETABL�TITLE: Upon performance by Buyer, Seller shall deliver a
67. �Warranty Desd qr0 Other: Deed joined in by spouse,if any,conveying marketable title,subject to
.......__,._,,._.�..,----rcnacrr one.}--------------
68. (a) building and zaning laws, ordinances, state and faderal regulati0ns;
69. (b) restrictions relating ta usa or improvement of the property wiihout effective torfeiture provisions;
70. (c) reservation of any mineral rights by the State of Minnesota;
71. (d) utility and drainage easements which do not interfare with exlsting improvements;
72. (e) rights of tenants as foliows {unless speciFled, r�at subject to tenancies):
73. ;and
74. (f) others (must be specified in writing):
75.
76.
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78. Properly lo�atsd at � �� � y� � �� �
79, Seller shal!pay on the date of�losing all real estata ta>;es due and payable in ali prior ysars incfudinc�ali penaltias and
80. interest.
B1. �] BUY�R SFlALL PAY �SELL�R SHAI�L PAY pn dat2 of Closing any de`erred real estat2 tax�s
------.........�..---•.-...Chack one.
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82. (e.g.Green Acres) or special assessments,payment of which is required as a result of the clo;ing of this sale.
83. ❑ BUYER AND ScLLER SHALL FRORATE AS O� TH� DA7E dF CLOSWG�'SELLER SHALL PAY pN
----......----------.._......�__...�_...........�..---....._---•--(Che�one.)'----------.........---------•-...._.....-------.-....��------_..._.
8�. DAi� QF CLOSING all installments of special assessments certifie�J for payment,with the real estate taxes due and
85. payabie in the year or closing.
$6. ❑ �UY�R SHq�L ASSUME�S�LLrR SHALL PAY on date of closing all othet special assessments levi�d as
-......---------.-,-.....�-(Cncck ons.}-
----..-,.....�--------
$7, of the date oP tt�is Purchase Agreemsnt.
88. ❑BUY�R SHALL ASSUM�(�ScLLFR SHALL.PR�VfD� FDR PAYMENT OF special assessrnents pending as
------.,.....��.-._.............-•----(Chock one.}---�,..._.._-----........-----------
89. of the date of this Purchase Agreement for improv�ments that have been ordered by any asses�ing autharities.
9Q. (Seller's provision for payment shall be by paymeni into escrow of two (2) tlmes the estimated amaunt of the
91. assessments or less, as requlrad by Buyer's lender.)
92. Buyer shall pay any unpaid special assessments payable in the year following closing and thereafter,the payment of
93. which is not otherwise herein provided.
94. As of the date of this Purchase Agreemer�t, Seiler represents that Seller�HAS ❑ HAS NO7 recaived a notice
--•--(Check onr,_�•---..--
95. regarding any new(mprovement project from any a�sessing au�horities,the,costs of which prdject may be assessed
96_ against the property. Any such notice recaived by Salier aKer the daie of this Purchase Agreement and before
97. closinc�sha!!be provided io Buyer immediately.If Such notice is issued after the date of this Purchase Agreemant and
98, on or before the date pf closing,then the parties may agrea in writing, on or before the date of closing,to pay, provida
99_ for the paymenx of or assume tha speciaf assessments.In the absence of such agreement, either party may declare
100. this Purchase Agreement canceled by written notice to the other party,or licensee representing or assisiing the other
10�1. pariy,in which case this Purchase Agreement is canceled.If either parry declares this Purchase Agreement canceled,
102. Buyer and Seller shali immediately sign � Gancellafion af Purchase Agreemant confirrning saici cancellation snd
1�3, direct�ng all earnest money paid hereunder to be refunded to 8uyer.
104. Buyer shali pay � PRORAT�ti FFtOM DAY OF CLpSiNG ❑ 12ths OF ❑ ALL � NO real estate
---------••_•-•---�-----_..._�-- (Gheckone.
........-----•--�....
�05. taxes due and payable in the year 20�.,.�, .
iD6. 5eifer Shall pay;,�PRD}�ATED TQ pAY OF CLOSING p , „ 12ths OF � ALL [� NQ real estate taxes
-----------........------......•�---fCntlCk one.
r-------_._._......_-------------,,......�----
107. due and payable in the year 20�_,If the ciosing date is changed,the rea!estate taxes paid shall, if prora.ted,
1 D8. be adjusied to the new closing date.
1�9. Buyer snall pay real estata taxes due and payable in the year foUowing closing and thereafter,the payment of which
110, is not otherwise herein prqvided. No representations are made concerning the amount of subsequent real e;tate
17 T. taxes.
112. POSS�SSION: Selfer sh�ll deliver pqssession af the prvperty nq I�ter than � -�� �afier closing.
113. Seffar agrees to remova ALL pE6Rl5 AND ALL PERSONAL PROPERTY NpT INCLUDED HEREIN from the prop�rty
114. by possession date.
115. PROI�ATIONS;All interest; unit owners'assooiation dues;rents;and char�es for city w�ier,city sewer, electricity and
116. natural gas shail be prorated between ths parties as of date of closing_suyer shsil pay Seller for remaining galions of
1'!7, fuel oil or liquid petroleum gas on the day of ciosing, at the rate of the last fill by Sellsr.
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`Ba"""�`°"' 118. Page 4 Date
119. Property I�cated at.� c�.� � � �� (� �'
720. TiT�.E AND EXAMINATION: Within a reasonable time period aftar Finai Acceptance of this Purchase Agreement,
121. Seller shall provide one oi the following title evidence options,at Seller's selection,whicn shall in�lude proper SearChes
122, covering bankruptcies, state and federal judgments and (iens, and levi�d�nd pending special�sseUsments to Buyer
123. or guyer's designated fltle service prpvider;
124. (1) A cammitment ior an owner's policy of tiUe insurance on a currenf ALTA form issued by an insurer licensed to write
125, tiU2 insurance in Minnesota as sefected by Buyer.5eller shalf be responsible for the title search�nd exam costs
126. relafed to the commitment. Buyer shall be resaonsibfe for all &dditional costs related to the issuance of the title
127. insurance poii�y(ies), including but not limited to the premium(s), BUyer's name searCh and plat drawing, if any.
12g. Seller shali surrender a copy of any owner's title insur�nce policy and Abstract of Tifle, if in Selfers po�session or
129. control, fpr this properfy to 8uyer or Buyer's designated tiile service provider.
130. (?_) An Abstract of Title certifiod to data if Abstract Property or a Registered Property Abstract(F,Pq}cartified tv date
131. if Registered ('Torrens) property.Seiler shal! pay for the abstracting dr RPA costs and suri�ender any absSract for
132. this property in Selfer's passession or r,ontral to Buyer or 8uyer's designated titla sarvice provider. If�roperty is
133. Abstract and Self�r does hot have an Abstract of Title, Option (1)will automatic�liy apply.
134. 5elfer shall use Seqer's best etforts to provide marketable titfe by the date of closing. In the event that SeiJer ha;not
135, provided marketable title by the date of�Jpsing,Seller shall have an additional 30 d�ys to make title marke,able or, in
136. the afternative, Buyer may waive title defects by writtr�n notice to Seiler, !n addifion to the 30-day exten;ion, Buyer
7 37, and Seller may by mukUal agre�ment further extand the elosing date,Lacking such extension,aither party may decfare
138. this Purchase Ac�reement eaneeled by written notica to the ather party, or licensee representing or asslsting the other
139. party,in which ease this Purchase Agrpement is canceled.If either party deciares this Purchase Agreement cancelad,
140. 6uyer and Seller shall immadiateiy sign a Gancellation of Pur�hase Agreemer�t confirming said cancellation and
141. directing all earnest money paid hereunder to be refundad to Buyer.
142. SUBDEVISION QF LAND:If ti�is safe constituies or requires a subdivision�t land owned by Seller,Seiler shall pay all
143. subdivision expenses and obtain all necessary governmental approvals.This provision deals w(th the necessity of
144. subdividing land to complete the sale of the property described herein in contrast to the subdivision provision of lines
145. 52-53 which cleals with the future development plans of Buyar.Seller warrants tha legal description of the rea!property
146, to be conveyed has been or shalf be apprqved for recording as of the date of closing. Seller warrants that there is a
147. right of access to the property from a public right bf way.These warranties shall survive tha delivery of the deed or
148, contract for deed. �
149. MtCNANlC'S LI�NS: Seller warrants that prior- to the closing, payment in full wii► have been made for ail labor,
�50. materials, machinery,fixfures or rt�ols furnished withln the 1?0 days immediately preceding the closing.
15i. NC3TiCES:5elier warrants fhat Se�fer has not received any notice from any governmental authoriiy as to condemnation
15?, proceedings or violation of any faw, ardinanca or regulatiori.lf the property is subject Ep resttictive covenants, �eller
153. warrants fhat Seller has not received any notica fram any person or autharity as to a breach of the covenants.Any
154. such notices received by Seller shall be provided to Buyer immedi�taly,
155. DfMENSIONS: Buyer�cknowledr�es any dimensians, square fr�otage or acreage of land or lmprovements provided
156. by Se11er or broker may be approxirr�ate.Some information may have been provided by third parfies and information
157. may be reliable but not guarantead. Buyer shall verify the accuracy of infoPmation to euyer'S satisfaction, If matarial,
158. at Buyer'S Sole cost and expense.
159. ACC�SS;Selfer agrees to aAow Buyer reasonable 2ccess to the properry for performance of arsy surveys,inspections
160. or tests or for water, sewer, gas or eleotrical service hookup as agreed to h�rein.Buyer shall rAstore tl�e premi;�s to
161, the same condition it was in prior io th�sUrveys,inspectionS or tests and pay for any restorati4n Costs relative thereto.
162. Fti5K OF LOSS: If there is any loss or damage to the property betwzen the date hereof and the date of closing for
163. any reason,including fira,vandalism,flood,earthquake ar act of God,tha risk of foss shall be on Seller.If the property
154. is des#roy�d or su6staniially damaged before the cfosing date, this Purchase Agr�ement is canceled, at Buyer's
165. option,by wrikten n�tice to Seller or licensee representing or assisting Seller.tf Buyer cancels this Purchase Agreemenf,
166, Buyer and Seller shall immediately Sign a Cancelta�iQn af Purch,ase Agreoment confirming said cancel(ation and
1&7. diracting all earnest money paid hereunder tp be refunded to Buyer,
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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
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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 � �
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213. Properfy iocated at ��`�� ��f��l-,�����
214 ENVIRON�,tENTAL CONCERHS: To the best of the Seller's knowledge there �re na hazardous substances or
215. underground storags tanks, except where herein noted.
216.
2�7_
2i8.
219, pl.cAS� NQTc:Buyer may incur additional charges improving the property,including, but not{imited to, hookup and/
224. or access charges; municipal charges;costs for sawer access, stubbing access,water a�cess, park dedication, road
227. access, curb cuts, utifity conneciion and connecting fees;and tree planting ch�rges.
222. SELLER G�RTIFIES, TO THE BEST O� SELL�R'S KNOWLEDGE, WN�7H�R ANY OF THE FOLLOWING
223, PRESENTLY EXlST WIYHIN THE PROPERTY:
224. Connection to pubfic water7 ❑Yes �No
225. Connection to public sewer? �1'es [�No
226. ConneCtion ta private water system off property? [�Yes �`No
227. .Connectian to electric utifity? �es [�No
228. (Check appropriate baxes.)
229. SEI.L�R�NARRANTS TNATTH� F'RUP�FiTY �S �ITHER DIRECTLY OR lNDIRECTf.Y CONNECTED TO:
230. SUBSUR�ACE S�W ETREATMENT SYSTEM
231. SELLER CEFITiFI�S TNAT SELLER 0 DOES�D0�5 NOT KNaW OF A SUBSUR�AC�SEWAQE TREATM�NT
-----(Check one,)---���---..�
232. SYSTEM ON OR SERVlNG THE PROPERTY. (If�nswer is DOES, and the sysfem does not require a state permit,
233. see Subsurface Sewage Treatment System Drsclosure Statement.)
234. PRiVA7E W�,�L
235_ SELL�R CERTIFIES THaT�SEL�ER ❑ DOES �DOES NOT KNCJW OF A WELL ON OR S�RVWG THE
---••----(Gheck one.)----�•
�36. PROPERTY.(If answer is DOES and well is located on the property, see WeI!Disclosure Statement)
237. THIS PUACHASE AGREEMENT�l�S NO7 SUBJECTTD A SUBSURFACESEWAGETR�'A7"tifENrSYS7'EM
--(Gneck one.)-----
238. AND WELL INSPECTION CONTINGENGY.4PDENDUM,(if answer is IS, see attached ,4ddendum.)
239. IF A WELL QR SUBSUR�ACE SEWAG� 7R�A7M�Nl" SYST�M EX1ST$ ON THE PROPERTY, BUY�.R HAS
240. RECEIVED A WFLL DlSGL4SURE Sr,4TEMENT AND/OR A SUBSURFACF SEWAG�7'REATMFNT SYSTEM
241. DISCLOSlJRE STATEMFNT.
�42, RUYE� HAS TH� RIGH7 70 A WALK-THROUGH REVIEW OF TH� PRaPERTY PRIO� 70 CLOS{NG TO
243. ESTABLISH TF{AT7i1E PROPERTY IS IN SUBSTANTIAZLYTHE SAME GDNDiTION AS flFTHE QATE OFTHlS
244. PUFiCHAS� AGREEMENT.
245. �UYER�HAS�-lAS NQT RECEIVED A 1/�ICANT LAND DISCLOSU�7F STfITEMENT OR A SELLER'S
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24G. DISCL�SUREALTERNATIVES FORM.
247, BUY�R tiAS RECEIV�D WS��CT1c�N REPORTS,1� REQUIRED SY MUNICIPAL(TY.
, 24°. SELL�R AGRE_S TO N07iFY BUYER IMMEDlAT�1.Y fN WRITING OF ANY SUBSTAN i IVE CHA�IGES FROM
249. ANY pR10R REPRcSENTATI4NS REGARDINGTHE PROPERTY.
250. BL3YER ACKNOWLEDGES THAT NO �RAL R�PRESENTATIONS FiAVE BEEN MADE REGARDING TH�
251. PROPERTY.BUYER RELIES SOLELY O�! SELLER'S WRiT7EN D15CLOSURE FOR�J�S OR A WR1TfEIV REPORT
252. PREPARED SY AN INDEPENDENTTNIRD-PARTY INSP�GTORTNAT HAS BE�N PROVIDEDTO BUYER,
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BURN�T 253. Page 7 Date .�'J'�c��(
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254. Praperty lacaied at �/�4-�� ���� ��L���� .
255. NOTICE
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256�� -�'� � _ i;�Seller's Agent,�'�uyer's Agent�Dual Agent 0 Facilitator.
(I..tcensee; -----„--•,-.--_.,.........................�....(Chech one.}�---•------ ------------�--
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258. ' � '� : � �!,i/ ��`.
is eller's Agent�6uyer's Agent'�bual Agent�Facilitatdr,
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2G0. THIS NOTICE DQES N�T SATISFY MfNNESdTA STATUTQRY AG�NCY aISCLOSURE REQU[REM�NT$.
i61. DUAL AG�NCY REPRES�N"CATiON
262. �i.�ASE GHECK ONE OFT}-iE'Fp��,4WING SELEGTTOf�lS:
L63. ❑ [Jual Agency representation DOES Nb7 apply in thi$transaction.Do not complete lines 264-?80.
��4. �Dual Agency representation DQES apply in this transactian. Complete the disclosure in lines 2&5-?60.
265. 8roker represents poth the Seller(s) and the 8uyer(5} of the property involved in this tr�nsactian, which creates a
266, dual agency,7his means that 6roker and its salespersans owe fiduciary duties to bo#h Sel(er(s}and Buyer(s}.Because
2�7. the parties may have conflicting interosts, Broker and its salespafsons are prohibited from advocating exclusivaly for
268. eithar party.Broke�cannot act as a dual �gent in this transaction without the cflnsert of both 5eiler(s) and Buyer(s).
26�. Seller(s}and Buyer(s)acknoWledge that
�7Q. �1) confidential infQrmatian communicated to 6roker which regsrds price, tertns or motivation to buy or sell will
271, remain confidential unless Selfer(s) or Buyer(s) instructs Broker in writing to disclose this information.Other
272. information wi11 be shared;
273. (2) aroker and its salespersons will not represent the Inter�st of either party io the detriment of the other;and
274, {3) within 4he 1lmits of duai agency, Broker and its salespersons will work diligently to faciiitate the mechanics of
275. the sale.
276, With the knowledge and understahding of the explanation above,Sefler(s) and Euyer(s)authurize snd in5truct 6roker
2i7. and its sa spersan to ac as du&I agents in this transac#ipn_
278. Seller � �"r��€� g �
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278. Seller 7�il�f `�i-��� ����-��.��C`+�:� Buyer
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280. Date bate �t��"Z.�� � ,
261. OTHER:
282.
283,
�8�.
285,
286.
287.
MN;VLPA-7(8/i1j CBF1Y079A(8/11) Operated By Burnat Raally��G {� �
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$t?RNET 280, Page b Date �.��-�,�/l
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289, Property Ir�cated at��_��r�� �i��2��� ���������� ,
290. ADDENDA AND PAGE NUMB�RING: Attached addenda are a part ofi this Purchase Agreement.
291. Enter total num6er oi payes of thfs Purchase Agreement,inciuding addenda,on [ine twfl(�)of pag� one(1).
292. I,the own�r of tlie property,accept this Purchase I agree to purchase the property for tha price snd on
293. Agreement and authorize fhe fisting braker to withdraw the terms and conditions set forth abova.
2g4. saic�praperty from the market, unless instructed otherwise i have r�vlewed all pages�f this Purchase
295. in writing. Agreement.
296. I have reviewed afl pages of this Purchase Agreement.
297, ❑ If checked,this Agreement is subject to attached
298. Counrero prAddendum.
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2�s, x �' ' � �v� 7� � � -� � M.`�— ��t�d �1
(Sellers Signa�) ' (Dale) (Buyer's 5ignature) (oat�)
aoa. x x
(Sallera Printed Name) (Buyer's Printed Namg)
301. X X
(r,nsrltai sts.t�s1 (Marltai SCatus)
3a�. x�/�l�'�_:u,�j,,����-�� �;��.�:��-�_ i f! ��! x
(Sell?rs Sipnature),i y (Date� (5uyer's Signature) (Dsta)
303. X X
(Seller's Pri�ted Namej (SuyeYs Printetl Name)
304. X X
(Marital Status) (Msrltal SlatusJ
305. �INAL ACGEPTANCW DATE:The date ofi�wfzlch the fulfy executed Purchas�Agreement is delivered.
306. _
307. THI5 !S A LEGALLY 61ND1NG CONTRACT BETWEEN SUYcR(S) ANti ScLLEI�{S).
308. IFYOU DESfRE LEGAL QB TAX ADVICF,CONSULT AN APpRpPRIATE PROFESSIONAL.
309. !ACKNOWLEDGE7FIA7I HAVE RECciVED ANf]HAVE HACITHE OPPORTUNl7'YTo R�VIEWTHE ARBITRATION
310. DlSCLOSURE AND RES�pEIJTIAL R�Al, PROP�RTY ARB1Tr�ATI�N AGREEMENT,WNICH 35 �1N OPTIONAL,
311. VOLUNTARY AG EEMENT,�3D i, NOT PART O�THIS PURCHAS�AGREEMENT.
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312. SELLERtS) � , BU (S}
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313, S�LL=Fi(S} �_ � �� BlJYER(S) ---- - ---
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