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3.0. EDSR 05-27-1997
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3.0. EDSR 05-27-1997
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City Government
type
EDSR
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5/27/1997
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.Pojf, <br /> PURCHASE AGREEMENT <br /> ----\/- <br /> 106. Address XXX r/VD (S1 44.. ./ 1/r.) . <br /> III1 107. Page 3 Date ...5"-.../.4o-q7. <br /> 108. REAL ESTATE TAXES shall be paid as follows: <br /> 109. Buyer shall pay •RORATED FROM DAY OF CLOSING 1 THS,ALL,NONE real estate taxes due and payable in the year 19 YT . <br /> - .ne <br /> 110. Seller shall pay, RORTEDTO DAY OF CLOSIN -12T ALL,NONE real estate taxes due and payable in the year 19 I/ . If the <br /> (circle one) <br /> 111. closing date is changed,the real estate taxes paid sha ' prorated,be adjusted to the new closing date. Seller warrants taxes due and <br /> 112. payable in the year 19 A/A will be FULL-PAR -homestead classification. If part or non-homestead classification is circled. <br /> -(circle one <br /> 113. Seller agrees to pay Buyer at closing$ 4/ <br /> A- <br /> 114. toward the non-homestead real estate taxes. Buyer agrees to pay any remaining balance of non-homestead taxes when they become <br /> 115.due and payable.No representations are made concerning the amount of subsequent real estate taxes. <br /> 116. POSSESSION: Seller shall deliver possession of the property not later than IDA-y d 1: Lb2S/N a after closing. <br /> • 117. All interest,homeowner association dues,rents,fuel oil,liquid petroleum gas and all charges for city water,city sewer,electricity,and natural <br /> 118. gas shall be prorated between the parties as of date of closing. Seller agrees to remove ALL DEBRIS AND ALL PERSONAL PROPERTY <br /> 119. NOT INCLUDED HEREIN from the property by possession date. <br /> 120. ENVIRONMENTAL CONCERNS:To the best of the Sellers knowledge there are no hazardous substances,or underground storageeanks,except <br /> 121. herein noted: <br /> 122. <br /> 3. SELLER WARRANTS THAT THE PROPERTY IS DIRECTLY CONNECTED TO:CITY SEWER ❑YES❑NO CITY WATE-G ES 0 NO <br /> 12'. SELLER/BUYER AGREES TO PROVIDE WATER QUALITY TEST RESULTS IF REQUIRED BY GOVERNING AUTHORI • D/OR LENDER. <br /> (circle one)- <br /> 125. SEL R/BUYER AGREES TO PROVIDE SEPTIC SYSTEM CERTIFICATION IF REQUIRED BY GOVERNING A IP"ORITY AND/OR LENDER. <br /> -(circ- •ne)- <br /> • 126. SELLER W•--ANTS THAT CENTRAL AIR CONDITIONING,HEATING,PLUMBING AND WIRING S " EMS USED AND LOCATED ON <br /> 127. SAID PROPER ILL BE IN WORKING ORDER ON DATE OF CLOSING.EXCEPT AS NOTE• THIS AGREEMENT. <br /> 128. BUYER HAS THE R e -T TO A WALK-THROUGH REVIEW OF THE PROPERTY PRI•- 0 CLOSING TO ESTABLISH THAT THE <br /> 129. PROPERTY IS IN SUBS TIALLY THE SAME CONDITION AS OF THE DAT- •F PURCHASE AGREEMENT. <br /> )( <br /> 130. BUYER ACKNOWLEDGES THAT NO ORA - PRESENTATIONS HAV : EN MADE REGARDING POSSIBLE PROBLEMS OF WATER <br /> 131. IN BASEMENT, OR DAMAGE CAUSED BY 1• R OR ICE B D-UP ON ROOF OF THE PROPERTY AND BUYER RELIES <br /> 132. SOLELY IN THAT REGARD ON THE FOLLOWING STA , EN = SELLER: <br /> 133. SELLER HAS/HAS NOT HAD A WET BASEMENT,AND •S/ - NOT HAD ROOF,WALL OR CEILING DAMAGE CAUSED BY WATER <br /> -(circle one)- -(circle one <br /> 134. OR ICE BUILD-UP. BUYER HAS/HAS NOT REC- ED A SELLER'S PR•- RTY DISCLOSURE STATEMENT. t <br /> -(circle one)- <br /> 135. BUYER HAS RECEIVED THE INSPECTIO• 'EPORTS,IF REQUIRED BY MUNICI•• ITY. <br /> 136. BUYER HAS RECEIVED THE WELL • .CLOSURE STATEMENT OR A STATEMENT T • NO WELL EXISTS ON THE PROPERTY, <br /> 137. AND A SEPTIC SYSTEM DISCLO i RE STATEMENT OR A STATEMENT THAT NO SEPTIC STEM EXISTS ON OR SERVES THE <br /> 138. PROPERTY,AS REQUIRED : INNESOTA STATUTES. <br /> 139. I ACKNOWLEDG HAT I HAVE RECEIVED AND HAD THE OPPORTUNITY TO REVIEW THE ARBIT• • ION DISCLOSURE AND <br /> 140. RESIDENTIA 'EAL PROPERTY ARBITRATION AGREEMENT. <br /> 141. SELL `(S) BUYER(S) <br /> 1• . SELLER(S) BUYER(S) <br /> 143. DUAL AGENCY REPRESENTATION <br /> gli• 144. DUAL AGENCY REPRESENTATIO •OES'•OES NOT APPLY IN THIS TRANSACTION. <br /> - circle one)- <br /> 145. Broker represents both the Seller(s)and the Buyer(s)of the property involved in this transaction,which creates a dual agency.This <br /> 146. means that Broker and its salespersons owe fiduciary duties to both Seller(s)and Buyer(s).Because the parties may have conflicting <br /> 147. interests,Broker and its salespersons are prohibited from advocating exclusively for either party.Broker cannot act as a dual agent in this <br /> 148. transaction without the consent of both Seller(s)and Buyer(s).Seller(s)and Buyer(s)acknowledge that: <br /> 149. (1) confidential information communicated to Broker which regards price,terms,or motivation to buy or sell will remain confidential <br /> 150. unless Seller(s)or Buyer(s)instructs Broker in writing to disclose this information.Other information will be shared; <br /> 151. (2) Broker and its salespersons will not represent the interest of either party to the detriment of the other;and <br /> 152. (3) within the limits of dual agency,Broker and its salespersons will work diligently to facilitate the mechanics of the sale. <br /> 153. With the knowledge and understanding of the explanation above,Seller(s)and Buyer(s)authorize and instruct Broker and its salespersons <br /> 154. to act as dual agents in this transaction. <br /> 155. <br /> Seller Buyer <br /> 156. <br /> Seller Buyer <br /> 157. <br /> Date Date <br />
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