|
No. 181, 14
<br />Revlaed IUaa
<br />MILLtLI DAVIS CO.
<br />Minneapolis
<br />WHITE—OfIke cbo,
<br />YELLOW—Buyer's Copy
<br />GRAN N—Seller's Capy
<br />PINE—Buyer's Receipt
<br />PURCHASE AGREEMENT
<br />Minneapolis, Minn, ............... .". / ...............,19..:(."
<br />RECEIVED OF....V .3.1 *..Q> ...V> W. 0
<br />the sum of 011. 4=49"...014 00/100-------- (S 100.00 .........) DOLLARS
<br />....... .... as earnest money and in part payment for the purchase of property at
<br />(Cksek. Cub K Mar--BtaM WbIcb%
<br />........................................................ ...._ situated in the
<br />County of ,.._......imisimspLa.......................................... State of Minnesota, and legally described as follows, to -wit:
<br />That part of Lot 5, Langdon Park commencing at a point on the Easterly
<br />line thereof 495' North of Southeast corner, then Westerly laoj iiiJ�rarallel
<br />to the South line thereof, thencg Southerly 200' parallel with the Easterly
<br />line thereof, then Easterly �' Varallel with the South line thereof,
<br />then back to point of beginning. w�
<br />all of which property the undersigned, as agent for the owner, has this day sold to the buyer for the sum of
<br />Tea Thousand and 00/100-------- - - ---------- ($10,000.00) DOLLARS,
<br />which the buyer agree s to pay in the following manner ;Z, *Co. Qp
<br />Earnest money herein paid S 100.00 and S cash, on December 31,1970 , AAAAAA&XA4
<br />and an additional 47.100.00 on January 1. 1971. the date of closings,
<br />The buyer agrees to landscape the subject property to blend or
<br />correspond with the topography arA landscaping of adjoining properties.
<br />Subject to performance by the buyer the seller agrees to execute and deliver a Warranty Deed
<br />(to be joined in by spouse, if any) conveying marketable title uo said premises subject only to the following exceptions:
<br />(a) Building ani zoning laws, ordinances, State and Federal regulations.
<br />( b ) Restrictions relating to use or improvement of premises without efftrctive forfeiture provision.
<br />(c)Reservation of any minerals or mineral rights to the State of Minnesota.
<br />(d) Utility and drainage casements which do not interfere with present improvements.
<br />(e) Rights of tenants as follows: (unless specified, not subject to tenancies).
<br />The buyer shall pay the real estate taxes due in the year 19 71 and any unpaid installments of special assessments payable there-
<br />with and thereafter.
<br />Seller covenants that buildings, if any. ore entirely within the boundary- lines of the property and agrees to remove all personal
<br />property not included therein and all debris from the premises prior tosscson date.
<br />The seller further agrees to deliver possession not later than CL sing provided that all conditions of this
<br />agreement have been complied with. Unless otherwise specified this salt shall be closed on or before 60 days from the date hereof.
<br />In the event this property is destroyed or substantially damaged by fire or any other cause Wore the closing date, this agreement
<br />shall become null and void, at the purchaser's option, and all monies paid hereunder shall be refunded rs him.
<br />T4tt44eryer-awclsal"stMien"i as"awiWAvissaw+ri{ia!-twasae�wie-ice4ho4ais"
<br />;fwumrpCooll yt-wswao-sp4a
<br />ns4""Nrewasr11as9-brwiad►wa-oi.
<br />The seller shall, within a reasonable time after approval of this agreement, furnish an abstract of title. or a Registered Property
<br />Abstract certified to date to include proper searches covering bankruptcies, and State and Federal judgments and lien. The buyer shall be
<br />allowed 10 days after receipt thereof for examination of said title and the making of any obtections thereto, said obiections to be made in
<br />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
<br />correction of tide the payments hereunder required shall be lumponed. Lot upon correction of title and within 10 drys after written notice
<br />to the buyer, the parties shill perform this agreement according to its terms.
<br />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.
<br />this agreement shall be null and void, and neither principal shall be liable for damages hereunder to the other principal. All money there-
<br />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
<br />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
<br />contract and on such termination all the payments made upon this contract shall he retained by said seller and said agent, as their respective
<br />interests may appear, as liquidated damages, time being of the essence hereof This provision shall not deprive either patty of file right of
<br />enforcing fisc speiiic performance of this contract provided such contrast shall not be terminated i% aforesaid, and provided action to enforce
<br />such specific performance shall be commenced within six months after such right of action sha I arise.
<br />It is-umitrstersd d -It teed ell at-chitsiti+lrm*90bfrwa.-tlte+pPat 24 n wMaseof"boil IK4is f iw«sm>!asIli el►Ma}—
<br />sinow-la ss---------.iayia.+ooiainrwtssiaba,-tha-tl�,„,.�d.wgcwt-ar a-wc►asanew isob*-"&ae"vA*A"ws-.cwwrx..(-thi►-picas--
<br />easatsF �staya w aawut sew atwiers4 {w tisawswaat +wieor �aisL uttJer ►bio cuwtaau.
<br />The delivery of all papers and monies shall be made at the office of:
<br />Village Clerk, Village Office
<br />Box 66, Crystal Bay, Blinn.
<br />1, the undersigned, owner of the akxive land, do he cby aper„sc
<br />the above a nt and the sale therelhv m C.
<br />/
<br />8.11•rRo ald K! q
<br />t
<br />rAu
<br />By Agent
<br />I hereby agree to s base the said der r the pike and
<br />u(xin the term,-..sffve eOticyiecd suis' to r�"copditinns
<br />he
<br />6b;-
<br />fin
<br />b-
<br />corer
<br />C� 1
<br />Buyer
<br />
|