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FO 1519 J(Rev.1988)Miller/Davis Co.,St.Paul,MN ADDENDUM TO PURCHASE AGREEMENT This form approved by the Minnesota Association of REALTORS®. Minnesota Association of REALTORS® disclaims any liability arising out of use or misuse of this form. • 1.Date ,19 2.Page of Pages 3. Addendum to Purchase Agreement between parties dated ,19_ pertaining to the 4. purchase and sale of the property at 5. This Purchase Agreement is subject to the following. • 6. Seller shall within a reasonable time after acceptance of this Agreement,furnish to Buyer a boundary survey of the Property 7. Buyer shall have ten(10)business days after receiving the survey to make written objections thereto Buyer shall be deemed to 8. have waived any objections to the survey not made within the applicable 10 day period Seller shall have twenty(20)days 9. I . . ..• ., . h • .. •.1 . !11' . l• . i.. . 1_ 1 I .. ..1 . . ..• •.1 10. • 1 • . .. •. . u ' .. .1 Ill.), . u . 1'. . . u 'CS 11. hereunder to the other and earnest money shall be refunded to Buyer 12. Seller,at its sole cost and expense,will undertake and complete prior to Closing a subdivision of the Property and obtain 13. all related government approvals so that the Property deed is recordable 14. Buyer shall, prior to Closing obtain financing for the purchase price of the Property and the cost of construction of the 15. planned improvements thereon. 16. Buyer shall have executed a DevelQ. _ n / . 1. . . : .. I .1.11' I - ..it 1 . 1. ' . - 17. City of Elk River,Minnesota 18. Buyer shall have completed the following minimum improvements by • 110 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. •(Seller) CITY OF ELK RIVER ECONOMIC (Date) (Buyer) (Date) 36. (Seller) (Date) (Buyer) (Date) 37. THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYERS AND SELLERS. 38. MN:APA(5/88) IF YOU DESIRE LEGAL OR TAX ADVICE,CONSULT AN APPROPRIATE PROFESSIONAL.