|
Form ~519A 1&2 (Rev. 9/97)
<br />
<br /> RECEIVED OF
<br />
<br />4.
<br />
<br />The City of Elk River a municipal corporation,
<br />
<br /> PURCHASE AGREEMENT
<br /> This form approved by the Minnesota Association of
<br /> REALTORS®, which disclaims any liability
<br /> arising out of use or misuse of this form.
<br />1. Date Au.qust 2001
<br />2. Page 1 of Pages
<br />
<br />5. the sum of One Thousand and 00/100 Dollars ($1,000.00)
<br />6. by CHECK as earnest money to be deposited upon acceptance of Purchase Agreement by all parties, on or before the
<br />7. third business day after acceptance, in a trust account of listing broker but to be returned to Buyer if Purchase Agreement is not accepted
<br />8. by Seller. Said earnest money is part payment for the purchase of the property located at:
<br />9. Street Address: 1217 5th Street
<br />
<br />10.
<br />
<br />11.
<br />
<br />12.
<br />
<br />City of Elk River , County of
<br />
<br />Legally described as: Lot 10, Block 2, Thomas Addition (actual le.qal to govern)
<br />
<br />Sherburne State of Minnesota,
<br />
<br />13. including the following property, if any, owned by Seller and used and located on said property: garden bulbs, plants, shrubs and trees; storm
<br />14. sash, storm doors, screens and awnings; window shades, blinds, traverse and curtain and drapery rods; attached lighting fixtures and bulbs;
<br />15. plumbing fixtures, water heater, heating plants (with any burners, tanks, stokers and other equipment used in connection therewith),
<br />16. built-in air conditioning equipment, electronic air filter, Water Softener/OWNED / RENTED / NONE, built-in humidifier and dehumidifier,
<br /> ............. (strike out two)
<br />17. liquid gas tank and controls (if the property of Seller), sump pump; attached television antenna, cable TV jacks and wiring; BUILT-INS:
<br />18. dishwashers, garbage disposals, trash compactors, ovens, cook top stoves, microwave ovens, hood fans, intercom's; ATTACHED: carpeting;
<br />19. mirrors; garage door openers and all controls; smoke detectors; fireplace screens, doors and heatilators; AND: the following personal
<br />
<br />20. property: washer, dwer, stove, refri,qerator
<br />21.
<br />
<br />22.
<br />
<br />23. °all of which property Seller has this day agreed to sell to Buyer for sum of: ($144,000.00)
<br />24. One Hundred Forty-Four Thousand and 00/100
<br />
<br />Dollars,
<br />
<br />25. which Buyer agrees to pay in the following manner: Earnest money of $1,000.00
<br />~ and $143 000.00 cash on Auqust 2001 the date of closing, and
<br />
<br /> the be!anco of by financing in accordance with the attached addendum:
<br />
<br />28. (st~ike-eut those that~,e-~ot apply)- Conventie¢~! FHA VA ^ssum~tien Oentract for Deed PurchaseqVIonsy ,MeP, ga.qe Other:
<br />
<br />29. This Purchase Agreement IS / IS NOT subject to a Contingency Addendum for sale of Buyer's property. (If answer is IS, see attached addendum.)
<br /> -- (strike out one) -
<br />
<br />30. This Purchase Agreement IS / IS NOT subject to cancellation of a previously written Purchase Agreement dated
<br /> -- (strike out one) --
<br />
<br />31. Buyer has been made aware of the availability of property inspections. Buyer elects / declines to have a property inspection performed at
<br /> ...... (strike out one)
<br />
<br />32. Buyer's expense.
<br />
<br />33. This Purchase Agreement IS / IS NOT subject to an Inspection Addendum. (If answer is IS, see attached addendum.)
<br /> -- (strike out one) --
<br />
<br />34. Attached are other addenda which are made a party of this Purchase Agreement. (Enter page or pages on line 2)
<br />
<br />35. DEED/MARKETABLE TITLE: Upon performance by Buyer, Seller shall deliver a General Warranty Deed
<br />
<br />36. joined in by spouse, if any, conveying marketable title, subject to: a life estate for the life of Gloria C. Bailey for use as a residence and option; and
<br />37. (A) Building and zoning laws, ordinances, state and federal regulations; (B) Restrictions relating to use or improvement of the property without
<br />38. effective forfeiture provisions; (C) Reservation of any mineral rights by the State of Minnesota; (D) Utility and drainage easements which do
<br />39. not interfere with existing improvements; (E) Rights of tenants as follows (unless specified, not subject to tenancies): No tenants
<br />
<br />40.
<br />
<br />41. (F) Others (Must be specified in writing): see addendum re.qardin.q life estate and option
<br />
<br />42. SPECIAL ASSESSMENTS shall be paid as follows: Seller shall pay all special assessments levied through termination/sale of life estate, Buyer to pay
<br /> all others.
<br />
<br />,13. BUY ..... N~ E~..4..E ........................................................... ~,~,al
<br /> (strike out one)
<br />
<br />44. assessments certified for payment with tho real estate taxes due and payable in the year cf closing.
<br />
<br /> (str!!'.c cut one)
<br />'4-.~. BUYER SHALL ASSUME / SELLER SHALL PROVIDE FOR PAY,¥,E,NT OF spec!a! assessments podding as cf the d~te of this Agreement fe~
<br /> (ctriko out one)
<br />
<br />~? improvements th~t h .... ~'~" ordered by *~'~ City Council or ether ...... ;-~ author~ies. ,~!le, ~ nrn,,i,inn ¢ ......... t shall k~ h ......... f
<br />
<br /> ......... ~o !eSS aS required by Buyer's
<br />
<br />,e ,,,vco~u~ ~: , S~AERS~LLO~V~,datecfc!csinganydcferrcd,~,~,,,~ .... (i.c.~ .... ~ .... etc.) or special
<br /> (strike c~e)
<br />~ ......... ~ ........ f ~¢,,kirk ; ...... ;r~ ........ I~ ~¢ m~ C!OSi~ cf this ~'~ Buyer shall pcy -~' ~¢*~ * .... ~ ..... ~ ..... k,~ in thc year
<br />
<br /> (~trike ou~- one)
<br />
<br />b4. not!cc of pending spcci~ssessmcnt is issued after the data cf this Agreement 2nd on or before thc date cf closing, Buyer shall assu~
<br />
<br />~ payment of A~L ! NONE ¢ OTHER: of any .... h .... i~ .........
<br />
<br />~ payment ~- a~,~ ~¢ olos!n~LL / N~E / OTHER: ~¢ ........ k spooial ......... *~ If such gpecial
<br />
<br />57. ~ ........ * ................. *~ ~ .... ;a spc~! ......... *~ cs required k,, Buyer's ~a~, ~, .....
<br />
<br />58. Seller and Buyer Initial: Seller(s) Date __ Buyer(s) Date
<br />
<br />59. MN:PA-1 (8/96)
<br />
<br />
<br />
|