4.1. SR 12-22-1997 - Laserfiche WebLink

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12x1?x97 11:43 DRB MINNEAPOLIS + 4419425 N0.484 POO4x005 Form I$19CIPA 2 o~,) u~,i, c~. ~,~a)t COMMERCIAL-INDUSTRIAL PURCHASE AGREEMENT Ad~s ....... Page 2 6. I~X~ATION OF TITLE. ~~;ti~ att~ acceptance of this A~eement. Seller shall f~sh Buyer ~ an Abs~act of T{fle or a ~e~/s~red Pro.fly Abaft codified lo ~tc ~cludin~ p~r s~ covcrin~ ~p~ies ~d S~te ~d Fcdc~l l~cns, ~d lc~ed ~d p~ding ~ ~~. Buyer ~l ~v~ ~ ~ ~ rcccip~ of ~e Abs~t of Ti~e or ~eg/stered ~o~y Ab~ct ~i~ ~ have Bu~s ~ ~e ~e ~fle ~d pro~ ~ll~ ~ ~li~n obj~c~o~ or, at Buy~s o~ expemc, m~e ~ appli~tion for · fi~e ~ ~ ~d notify Seller of ~e ~o~ Buy~ ~1 ~ve ~b~in~ ~ys ~er receipt of ~cnt for ~c ~sur~ to pm~de Se~ ~ ~ ~py of~ comment ~ ~n obj~fions, Buyer sh~l bc deemed to have ~ived a~y floe objec~o~ not ~c ~ ~o appli~bi~y ~dM ~t fo~ ~ve. except ~t ~s ~ll no~ op~r~[c ~ a waiver ~ days ~m receipt of Buyers ~[t~ fi~e obje~ons ~ no,fy Buyer of ~Ic~s ~t~fion to ~c ~tlc ~ke~blc ~in~doys ~om receipt of ~ch ~itt~ objection, ff no,ce [s ~iven, ~en~ h~e~er ~ ~I ~ post.ned ~n~ng co.teflon of ~tle, but upon co~ect[on of~Oc ~d ~ 10 ~ a~ ~u~ notice to Boy~ ~c ~i~ ~ ~o~ ~is ~rch~se A~ecment a~ording to i~ te~s. no ~h no,ce is ~vcn or if no~ ~ ~iv~ but rifle ~ not ~ ~n ~e ~e p~vid~ for. ~s ~e ~m~t sh~l be null voi~ at option of Bu~ nei~ p~y s~ ~ li~bl~ for ~es h~eunder ~ ~e o~ ~d e~t mon~ s~l be re~nded to Buyec, Buyer ~d Sell~ a~e to si~ c~llation of ~ ~menL ff rifle ~ ~e ~ ~ fo~d ~k~ble or ~ so made ~Odn said ~c. Buy~ s~l deI~ult ~ any of~ a~c~ ~ con,nut in dcfuuR for s ~ of 10 ~. ~en ~d in ~a~ c~c ~ Seller ~y te~ina~ ~is con~t ~d o~ ~ te~tion ~l ~c ~ ~e u~n ~is con.ct ~1 ~ re~ned by Scll~ ~ iiqui~t~d d~gcs, tim~ bein~ of~c ~ce. ~s prov~ion shall ~ot d~ve ~ ~y of ~c d~t m ~o~ ~c ~ific ~rfo~ of ~ con~act prodded ~s con.ct not ~ ~i~t~ ~ provid~ ~on m ~o~ ~h ~cific ~o~ ~I1 ~ co~cn~ ~n six mon~ aRer such ri~t or ~on ~l~sc, * or esccoved at Buyer s sole discretion. 8. ~PRESE~ATIONS ~ W~~ ~ a~c~ 9. T~ ~ OF ~ ESSENCE FOR A~ PRO~SIONS OF ~S CO~. 10. WELL D~CLOS~ STATE~NT. Buy~ h~ r~eiv~ ~ ~11 di~lo~e ~m~t r~o~d by M~eso~ Statutes Sec. l B~R ~ 5E~ER ~: Buy~r(O 12, M~CE~OUS PRO.IONS. (a) 5u~vsl. ~l of~e ~ ~~o~, ~d cov~ offs ~ ~1 ~ve ~d ~ e~o~e~ble a~ ~e closing. ~) Ent~ ~reement; Modifica~ ~ ~t ~ ~e ~ ~t ~tx~ ~e p~es ~d supersedes ~y prior or~ or ~ a~en~ ~ ~ ~ re~g ~ pro~y. ~ ~ no ver~ ~~ ~t change ~s A~eemeut (O 5uccesso~ ~ud Assigns. [f~is ~t ~ ~i~d, ~l p~vSioM offs ~ment s~ali be biM~ on succ~sors ~d assi~s, 13. ACCEPT~CE DE~. ~ cfi= ~ ~, ~[em ~p~ s~, ~ ~ nu~ ~d void st 11:59 PM, and in such cvmt all earnest money skall be r~fund~d to Buyer. THIS IS A LEGALLY BINDING CONTRACT. IF NOT UNDERSTOOD, SEEK COMPETENT ADVICE. Dated: Dated: City of Elk River By: SELLER Country Ridge Partnership By: SELLER.,, P~rr~r i~UYER