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ARBITRATION DISCLOSURE AND <br />RESIDENTIAL REAL PROPERTY <br />ARBITRATION AGREEMENT <br />49. Page 2 <br />50. THIS IS AN OPTIONAL, VOLUNTARY AGREEMENT. <br />51. READ THE ARBITRATION DISCLOSURE ON PAGE ONE IN FULL BEFORE SIGNING. <br />52. RESIDENTIAL REAL PROPERTY ARBITRATION AGREEMENT <br />53. For the property located at 1639 Main at <br />54. City of Elk River ' County of Sherburne State of Minnesota. <br />55. Any dispute between the undersigned parties, or any of them, about or relating to material facts affecting the use or <br />56. enjoyment of the property, excluding disputes related to title Issues of the property covered by the Purchase Agreement <br />57. dated 0e 129 /12 , including claims of fraud, misrepresentation, warranty and <br />58. negligence, shall be settled by binding arbitration. National Center for Dispute Settlement shall be the arbitration service <br />59. provider. The rules adopted by National Center for Dispute Settlement and the Minnesota Association of REALTORS® <br />60. shall govern the proceeding(s). The rules that shall govern the proceeding(s) are those rules in effect at the time the <br />61. Demand for Arbitration is filed and include the rules specified in the Arbitration Disclosure on page one.This Agreement shall <br />62. survive the delivery of the deed or contract for deed in the Purchase Agreement. This Agreement is only enforceable if <br />63. all buyers, sellers and licensees representing or assisting the buyers and sellers have agreed to arbitrate as acknowledged <br />64. by signatures below. <br />65. <br />(seller's Signature) (Date) (Buyer's Signature) (Date) <br />66. <br />( Sellers Printed Name) (Buyer's Printed Name) <br />67. <br />(Seller's Signature) (Date) (Buyer's Signature) (Date) <br />68. <br />(Seller's Printed Name) (Buyer's Printed Name) <br />69. <br />(Licensee Representing or Assisting Seller) (Date) (Licensee Representing or Assisting Buyer) (Date) <br />70. <br />(Company Name) (Company Name) <br />71. THE RESIDENTIAL REAL PROPERTY ARBITRATION AGREEMENT IS A LEGALLY BINDING CONTRACT <br />72. BETWEEN BUYERS, SELLERS AND LICENSEES. IF YOU DESIRE LEGAL ADVICE, CONSULT A LAWYER. <br />MN:ADRAA -2 (8/09) <br />r - : ,e <br />u <br />