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PURCHASE AGREEMENT <br />This form approved by the Minnesota Association of REALTORS*, <br />which disclaims any liability arising out of use or misuse of this form. <br />0 2011 Minnesota Association of REALTORS®, Edina, MN <br />1. Date 08/29/12 <br />2. Page 1 of <br />3. RECEIVED OF Elk River Municipal Utilities <br />4. <br />5. the sum of Dollars ($ ) <br />6. by ❑ CHECK ❑ CASH ❑ NOTE as earnest money to be deposited upon Final Acceptance of Purchase <br />--- ----------------- (check one. --- .--- - --------------- <br />7. Agreement by all parties, on or before the third Business Day after Final Acceptance, in the trust account of listing <br />8. broker, unless otherwise agreed to in writing, but to be returned to Buyer if Purchase Agreement is not accepted <br />9. by Seller. <br />10. Said earnest money is part payment for the purchase of the property located at <br />11. Street Address: 1639 Main St <br />12. City of Elk River County of Sherburne <br />13. State of Minnesota, legally described as <br />14. PID 754110210 <br />15. <br />16. <br />17. including all fixtures on the following property, if any, owned by Seller and used and located on said property, <br />18. including but not limited to garden bulbs, plants, shrubs and trees; storm sash, storm doors, screens and awnings; <br />19. window shades, blinds, traverse and curtain and drapery rods; attached lighting fixtures and bulbs; plumbing <br />20. fixtures, water heater, heating plants (with any burners, non -fuel tanks, stokers and other equipment used in connection <br />21. therewith), built -in air - conditioning equipment, electronic air filter, water softener ® OWNED ❑ RENTED ❑ NONE, <br />---- ------ ...... .4check one.}---------- -- ---- -- <br />22. built -in humidifier and dehumidifier, liquid fuel tank(s) ❑ OWNED ❑ RENTED ® NONE and controls (if the <br />--- ------ -- ------------ (check one.}---------- ---- - - - - -- <br />23. property of Seller), sump pump; attached television antenna, cable TV Jacks and wiring; BUILT -INS: dishwashers, <br />24. garbage disposals, trash compactors, ovens, cook -top stoves, microwave ovens, hood fans, intercoms; <br />25. ATTACHED: carpeting; mirrors; garage door openers and all controls; smoke detectors; fireplace screens, doors and <br />26. heatilators; AND the following personal property: <br />27. <br />28. <br />29. <br />30. all of which property Seller has this day agreed to sell to Buyer for sum of ($ 134, 900.00 ) <br />31. One Hundred Thirty -Pour Thousand Nine Hundred Dollars, <br />32. which Buyer agrees to pay in the following manner: <br />33. 1. Cash of 100 percent ( %) of the sale price, or more in Buyer's sole discretion, which includes the earnest <br />34. money; PLUS <br />35. 2. Financing of 0 percent ( %) of the sale price, which will be the total amount secured against this property <br />36. to fund this purchase. <br />37. Such financing shall be (check one) ❑ a first mortgage; ❑ a contract for deed; or ❑ a first mortgage with <br />38. subordinate financing, as described in the attached Addendum: <br />39. ❑ Conventional ❑ FHA ❑ DVA ❑ Assumption ❑ Contract for Deed ❑ Other: <br />40. The date of closing shall be By 10/15 20 12 <br />MN:PA -1 (8/11) <br />i 8. <br />