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PURCHASE AGREEMENT <br />215. Page Date 0e /29 /12 <br />216. Property located at <br />217. SELLER WARRANTSTHAT CENTRAL AIR-CONDITIONING, HEATING, PLUMBING AND WIRING SYSTEMS USED <br />218. AND LOCATED ON SAID PROPERTY SHALL BE IN WORKING ORDER ON DATE OF CLOSING, EXCEPT AS <br />219. NOTED IN THIS PURCHASE AGREEMENT. <br />220. BUYER HAS THE RIGHT TO A WALK- THROUGH REVIEW OF THE PROPERTY PRIOR TO CLOSING TO <br />221. ESTABLISH THAT THE PROPERTY IS IN SUBSTANTIALLY THE SAME CONDITION AS OF THE DATE OF <br />222. THIS PURCHASE AGREEMENT. <br />223. BUYER ❑ HAS ❑X HAS NOT RECEIVED A SELLER'S PROPERTY DISCLOSURE STATEMENT OR A <br />--- ---- ------- <br />224. SELLER'S DISCLOSURE ALTERNATIVES FORM. <br />225. BUYER HAS RECEIVED THE INSPECTION REPORTS, IF REQUIRED BY MUNICIPALITY. <br />226. SELLER AGREES TO NOTIFY BUYER IMMEDIATELY IN WRITING OF ANY SUBSTANTIVE CHANGES FROM <br />227. ANY PRIOR REPRESENTATIONS REGARDING THE PROPERTY. <br />228. BUYER ACKNOWLEDGES THAT NO ORAL REPRESENTATIONS HAVE BEEN MADE REGARDING POSSIBLE <br />229. PROBLEMS OF WATER IN BASEMENT OR DAMAGE CAUSED BY WATER ICE OR ICE BUILDUP ON ROOF OF <br />230. THE PROPERTY. <br />231. NOTICE <br />232, Tony Powell is ® Seller's Agent ❑ Buyer's Agent ❑ Dual Agent ❑ Facilitator. <br />(Licensee) '__._.__-_--- .___ ____ ..............__...`_(Check one.) ---..._ ---------- ---------------- _ ----------- _ <br />233. Avalar No <br />(Real Estate Company Name) <br />234. Res Powell is ❑ Seller's Agent ® Buyer's Agent ❑ Dual Agent ❑ Facilitator. <br />(Licensee) `.__'_.'___` _.__-_._.'._.'_..'_..__._ .... one.} --- _ ----- _. ... _.. ........... ....._.....______ <br />235. Avalar Mn <br />(Real Estate Company Name) <br />236. THIS NOTICE DOES NOT SATISFY MINNESOTA STATUTORY AGENCY DISCLOSURE REQUIREMENTS. <br />237. DUAL AGENCY REPRESENTATION <br />238. PLEASE CHECK ONEOFTHE FOLLOWING SELECTIONS: <br />239. ❑ Dual Agency representation DOES NOTapply in this transaction. Do not complete lines 240 -256. <br />240. ❑X Dual Agency representation DOES apply in this transaction. Complete the disclosure in lines 241-256. <br />241. Broker represents both the Seller(s) and the Buyer(s) of the property involved In this transaction, which creates a <br />242. dual agency. This means that Broker and its salespersons owe fiduciary duties to both Seller(s) and Buyer(s). Because <br />243. the parties may have conflicting interests, Broker and its salespersons are prohibited from advocating exclusively for <br />244. either party. Broker cannot act as a dual agent in this transaction without the consent of both Seller(s) and Buyer(s). <br />245. Seller(s) and Buyer(s) acknowledge that <br />246. (1) confidential information communicated to Broker which regards price, terms, or motivation to buy or sell will <br />247. remain confidential unless Seller(s) or Buyer(s) instructs Broker in writing to disclose this information. Other <br />248. information will be shared; <br />249. (2) Broker and its salespersons will not represent the interest of either parry to the detriment of the other; and <br />250. (3) within the limits of dual agency, Broker and its salespersons will work diligently to facilitate the mechanics of <br />251. the sale. <br />252. With the knowledge and understanding of the explanation above, Seller(s) and Buyer(s) authorize and instruct Broker <br />253. and its salesperson to act as dual agents in this transaction. <br />254. <br />Seller <br />Buyer <br />255. <br />Seller <br />Buyer <br />256. <br />Date <br />Date. <br />MN:PA -6 (6111) <br />IA& <br />