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Form '1519A 3 (Rev. 9/97)
<br /> PURCHASE AGREEMENT
<br /> 106. Address 1217 5thStreet
<br /> 107. Page 3 Date Auqust 2001
<br />1uS. REAL ESTATE TAXES shall be paid as follows: Seller shall pay all realestate taxes due through the termination/sale of life estate.
<br />~,O~uyer shalI-pay~-PRORATED-TOC)AY OF4;LO~SING, !2THS, ALL, NONE rea! estate taxes due and payab!e Jn the-yea~-49
<br /> (strike two)
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<br /> c~, h~u .... D , r~e _ !aTHS, ~' ' NONE ~' ~* .... duc and payable i~'e~r !~
<br />~0 ..... ~ ..... .~, · RO~~A~___ING, ~ . .....................
<br /> (~)
<br />111. I~l~[ng date is~,,-,,u~,~ .... ~ m~ ....... ma~tate taxes paid shall, ~ ~ated, be adjusted *-~ .,,~m ....... ,,~.. ~,~-~-g ......... a~,~ Seller wa~nts ta~s ~a"~ aad
<br />~ ~ o pa~l~i~h~aM9~ '""' ~ FU~ PAR~ON ~ .... ,~ ~,~m~,~ ff part 0~ non ............ ~ ..... ~t .... ic chcck~
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<br />~43. SatYr a;reo$ to pay Buy~ closing $.
<br /> ............................ ~ ......~ ~ ........... i~;~ b~l~RCC ~ ~ ~ .... ~ ~ .... whe~ the~ccme due
<br />~4. tov.~ the non M .... *~ "~ ~*~*~ * .... Buyer ~ .... *~ ~ ~..~ ............ u ........................
<br />115. an~pa~b~ No representations are made concerning the amount of subsequent real estate taxes.
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<br />116. POSSESSION: Seller shall deliver possession of the property not later than date life estate terminates
<br />117. All interest, homeowner association dues, rents, fuel oil, liquid petroleum gas and all charges for city water, city sewer, electricity and
<br />118. natural gas shall be paid by seller for duration of life estate. Seller agrees to remove ALL DEBRIS AND ALL PERSONAL PROPERTY
<br />119. NOT iNCLUDED HEREIN from the property by possession date.
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<br />120. ENVIRONMENTAL CONCERNS: To the best of the Seller's knowledge there are no hazardous substances or underground storage
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<br />after closing.
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<br />121. tanks, except herein noted: None
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<br />122.
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<br />~23. SELLER WARRANTS THAT THE PROPERTY IS DIRECTLY CONNECTED TO: CITY SEWER X YES [] NO CITY WATER X YES [] NO
<br /> (check one) (check or, e)
<br />124. SELLER/BUYER AGREES TO PROVIDE WATER QUALITY TEST RESULTS IF REQUIRED BY GOVERNING AUTHORITY AND/OR LENDER.
<br />...... (strike one) ......
<br />125. SELLER/B~IR AGREES TO PROVIDE, IF REQUIRED BY THE TERMS OF THIS PURCHASE AGREEMENT OR BY GOVERNING AUTHORITY
<br />--=--- (strike one)
<br />126. AND/OR LENDER, A LICENSED INSPECTOR'S SEPTIC SYSTEM INSPECTION REPORT OR NOTICE INDICATING IF THE SYSTEM COMPLIES
<br />127. WITH APPLICABLE REGULATIONS. NOTICE: A VALID CERTIFICATE OF COMPLIANCE FOR THE SYSTEM MAY SATISFY THIS OBLIGATION.
<br />128. NOTHING IN LINES 125 TO 129 SHALL OBLIGATE SELLER TO UPGRADE, REPAIR OR REPLACE THE SEPTIC SYSTEM UNLESS OTHERWISE
<br /> '~9. AGREED TO IN THIS PURCHASE AGREEMENT.
<br /> 3. SELLER WARRANTS THAT CENTRAL AIR CONDITIONING, HEATING, PLUMBING AND WIRING SYSTEMS USED AND LOCATED ON SAID
<br />131. PROPERTY WILL BE IN WORKING ORDER ON DATE OF CLOSING, EXCEPT AS NOTED IN THIS AGREEMENT,
<br />132. BUYER HAS THE RIGHT TO A WALK-THROUGH REVIEW OF THE PROPERTY PRIOR TO CLOSING TO ESTABLISH THAT THE PROPERTY IS IN
<br />133. SUBSTANTIALLY THE SAME CONDITION AS OF THE DATE OF PURCHASE AGREEMENT.
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<br />134. BUYER ACKNOWLEDGES THAT NO ORAL REPRESENTATIONS HAVE BEEN MADE REGARDING POSSIBLE PROBLEMS OF WATER
<br />135. IN BASEMENT, OR DAMAGE CAUSED BY WATER OR ICE BUILD-UP ON ROOF OF THE PROPERTY AND BUYER RELIES SOLELY
<br />136. IN THAT REGARD ON THE FOLLOWING STATEMENT BY SELLER:
<br />137. SELLER HAS / HAS NOT HAD A WET BASEMENT, AND HAS / HAS NOT HAD ROOF, WALL OR CEILING DAMAGE CAUSED
<br /> ...... (strike one) ............ (strike one)
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<br />138. BY WATER OR ICE BUILD-UP, BUYER HAS / HASNOT RECEIVED A SELLER'S PROPERTY DISCLOSURE STATEMENT.
<br /> ...... (strike one) ......
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<br />139. BUYER HAS RECEIVED THE INSPECTION REPORTS, IF REQUIRED BY MUNICIPALITY.
<br />140. BUYER HAS RECEIVED THE WELL DISCLOSURE STATEMENT OR A STATEMENT THAT NO WELL EXISTS ON THE PROPERTY.
<br />141. AND A SEPTIC SYSTEM DISCLOSURE STATEMENT OR A STATEMENT THAT NO SEPTIC SYSTEM EXISTS ON OR SERVES THE
<br />142. PROPERTY, AS REQUIRED BY MINNESOTA STATUTES
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<br />143. I ACKNOWLEDGE THAT I HAVE RECEIVED AND HAD THE OPPORTUNITY TO REVIEW THE ARBITRATION DISCLOSURE AND RESIDENTIAL
<br />144. REAL PROPERTY ARBITRATION AGREEMENT.
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<br />145. SELLER(S) BUYER(S) '
<br />146. SELLER(S) BUYER(S)
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<br />:147.
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<br />!48.
<br />(Lib.*see)
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<br />449.
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<br />{Lme~see)
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<br />51.
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<br />4§2.
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<br />NOTICE
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<br />Is Se!!ar's Agent / Buyer's A§ont / Dual AgeP~L Non A§e~
<br /> (st~,ke throe)
<br />
<br />(CompaR~
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<br />Is Seller's Agent / Buyer's Agent / D'Ja! Agen~NemAgent
<br /> (stcike4hcee)
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<br />(CcmpcRy)
<br />THISNOTICE-DOES ,. OT~SA~ ...... INN~RY-AG ..... DISCLOSUREREQUIRE M E NT~
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<br />153. DUAL~AGENCY-q~E-PRESENTATI~
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<br />454. ~' '*~ AGENCY ................... ~)OE .....................................
<br /> (str~ke
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<br />~,~.~ ~e, ~ ........., ~ .........*~ ~ ~m~ ....................... ~,,~, ~,e~'~'~ _,,~-~ ,.~.,,~ ~-~ ~, ~ ...... /~ ~,~ m~.,,~ p.~p~,y, ........... ~ .... ~,,~a~ in m~, ...... ,~ ..... ................ ~;~ .... *~ ~ ~,~' '~ 2g~ncy. This
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<br /> .................................. r .................................... ¢ .......... party .....................
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<br />159. (!) ¢~nf ~nf 81 ;nC .... fl ......... i¢~ f~ Br~ ..... k;¢k regards price, * .... or motivation *~ buy or ¢~" ,,,m remain confid~al
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<br />~ 61. (2) ~-~ .... ~ its salespersons wi!! Rot represent ,h~ ;~, .... * ~¢ either pa~y
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<br />!64.3ct 3~gents in this tra~cction.
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<br />'65.
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<br /> Seller
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<br />~66.
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<br /> Seller
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<br />-167.
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<br />Buyer
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<br />Date Date
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