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BUYER PURCHASING "AS IS" ADDENDUM This form approved by the Minnesota Association of REALTORS'm, which disclaims any liability arising out of use or misuse of this form. ® 2011 Minnesota Association of REALTORS°, Edina, MN 1. Date 08/29/12 2. Page 3. Addendum to Purchase Agreement between parties, dated August 29th 20 12 , pertaining 4. to the purchase and sale of the property at 1.71 6. DISCLOSURE REQUIRED: Under Minnesota law, Sellers of residential property, except by waiver or with limited 7. exceptions, are obligated to disclose to prospective Buyers all material facts of which Seller is aware that could adversely 8. and significantly affect an ordinary Buyer's use or enjoyment of the property or any intended use of the property of 9. which Seller is aware. Such a disclosure is not a warranty or a guarantee of any kind by Seller or licensee representing 10. or assisting any party in the transaction. Seller agrees to notify Buyer Immediately In writing of any substantive changes 11. from any prior representations regarding the property. 12. (Check appropriate box.) 13. ❑ Buyer has received and had an opportunity to review the Seller's Property Disclosure Statement 14. or 15. ❑ Buyer has received and had an opportunity to review the Seller's Disclosure Alternatives form. 16. CONDITION OF PROPERTY: The property being purchased by Buyer, including the dwelling, other improvements 17. and fixtures, is not new and is being purchased "AS IS ". 18. Buyer understands that the property, as defined above, will be purchased in the condition it is in at the time of Purchase 19. Agreement. Buyer shall have the right to a walk- through review of the property prior to closing. To the extent there 20. Is a material change in the condition of the property arising between the date of" the Purchase Agreement and the 21. closing date, Seller shall be responsible for restoring the property to substantially the same condition it was in on the 22. date of the Purchase Agreement, except that Seller shall have NO OBLIGATION OR RESPONSIBILITY to repair or 23. replace central air - conditioning, heating, plumbing (including subsurface sewage treatment systems, unless otherwise 24. required by law), wiring systems or wells on the property if they fail between the date of Purchase Agreement and the 25. date of closing. This provision voids lines 217 -219 of the Purchase Agreement. 26. RISK OF LOSS: The Risk of Loss provision in the Purchase Agreement is modified as follows. If there is any loss 27. or damage to the property between the date of Purchase Agreement and the date of closing for any reason, including fire, 28. vandalism, flood, earthquake or act of God, the risk of loss shall be on Seller except that Seller shall have NO 29. OBLIGATION OR RESPONSIBILITY to repair or replace central air - conditioning, heating, plumbing (including subsurface 30. sewage treatment systems, unless otherwise required by law), wiring systems or wells on the property if they fail between 31. the date of Purchase Agreement and the date of closing. If the property is destroyed or substantially damaged before 32. the closing date, this Purchase Agreement is canceled, at Buyers option, by written notice to Seller or licensee 33. representing or assisting Seller. If Buyer cancels this Purchase Agreement, Buyer and Seller shall immediately sign 34. a Cancellation of Purchase Agreement confirming said cancellation and directing all earnest money paid hereunder 35. to be refunded to Buyer. 36. RIGHT OF INSPECTION: Buyer shall have the right to inspect the property or to have it inspected by a person of 37. Buyer's choice, at Buyer's expense. 38. THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER(S) AND SELLER(S). 39. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. MNSPAIA -1 (8/11)