4.7. SR 07-01-2019 - Laserfiche WebLink

Home Browse Search

Page 3 of 11 ____________ ____________ ____________ ____________ Initials Initials Initials Initials C. Declare this Agreement null and void by notice to Seller, and earnest money shall be refunded to Buyer. • [Strike out one] BUYER SHALL ASSUME/SELLER SHALL PAY ON DATE OF CLOSING any deferred real estate taxes or special assessments payment of which is required as a result of the closing of this sale. Buyer shall pay real estate taxes due and payable in the year following closin g and thereafter and any unpaid special assessments payable therewith and thereafter, the payment of which is not otherwise provided herein. Seller warrants that taxes due and payable in the year 2019 will be homestead classification. Seller makes no representation concerning the amount of future real estate taxes or of future special assessments. Seller has paid the real estate taxes for the first half of year 2019. 8. DAMAGES TO REAL PROPERTY. If the real property is substantially damaged prior to closing, this Agreement shall terminate and the earnest money shall be refunded to Buyer. If the real property is damaged materially but less than substantially prior to closing, Buyer may rescind this Agreement by not ice to Seller within twenty-one (21) days after Seller notifies Buyer of such damage, during which 21-day period Buyer may inspect the real property, and in the event of such rescission, the earnest money (if any) shall be refunded to Buyer. 9. SELLER’S BOUNDARY LINE, ACCESS, RESTRICTIONS AND LIEN WARRANTIES. Seller warrants that most buildings are entirely within the boundary lines of the property, save for a shed. Seller warrants that there is a right of access to the real property from a public right of way. Seller warrants that there has been no labor or material furnished to the property for which payment has not been made. Seller warrants that there are no present violations of any restrictions relating to the use or improvement of the property sa ve for those set forth in the litigation titled Dryer v. City of Elk River and SNL Island View Properties, LLC, Sherburne County District Court File No. 71- CV-18-705. These warranties shall survive the delivery of the deed or contract for deed. 10. CONDITION OF PERSONAL PROPERTY. Seller warrants that all appliances, fixtures, heating and air conditioning equipment, wiring, and plumbing used and located on the property are in working order on the date of closing. Seller [underline one] HAS/HAS NOT had a wet basement or water in the basement. Seller discloses that the roof [Underline one] HAS/HAS NOT leaked. Seller warrants that the property is connected to: city sewer (YES/NO) city water (YES/NO); cable TV (YES/NO). Seller shall remove all debris and all personal property not included in this sale from the property before possession date. Seller has not received any notice from any governmental authority as to the existence of any Dutch elm disease, oak wilt, or other disease of any trees on the property. Seller’s warranties and representations contained in this paragraph 10 shall survive the delivery of the Deed or Contract for Deed, provided that any notice of a defect or claim of breach of warranty must be in writing and given by Buyer to Seller within one year of the date of closing or be deemed waived. Buyer shall have the right to have inspections of the property conducted prior to closing. Unless