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M.S.B.A. Real Property Form No. 19 (2005, 2017) <br />Addendum to Purchase Agreement: Title Issues PAGE 1 <br />ADDENDUM TO PURCHASE AGREEMENT: TITLE ISSUES <br />© Copyright 2005, 2017 by Minnesota State Bar Association, Minneapolis, Minnesota. No copyright is claimed for statutory text. <br />BEFORE YOU USE OR SIGN THIS ADDENDUM, YOU SHOULD CONSULT WITH A LAWYER TO DETERMINE THAT THIS CONTRACT <br />ADEQUATELY PROTECTS YOUR LEGAL RIGHTS. Minnesota State Bar Association disclaims any liability arising out of use of this form. <br />WARNING TO SELLER AND BUYER: The issues in this Addendum generally require the assistance <br />of a lawyer with experience in real estate title law. If you do not understand the terms of this <br />Addendum, do not sign it until you have been advised by your lawyer. <br />This Addendum is a continuation of the Purchase Agreement dated _________________________, 20_______ by 1 <br />2 <br />and between as Seller, and 3 <br />4 <br />, as Buyer, for property located at:5 <br />6 <br />7 <br />This addendum modifies the provisions of Paragraph 6 of M.S.B.A. Real Property Form No. 1, MINNESOTA STANDARD8 <br />RESIDENTIAL PURCHASE AGREEMENT. Seller discloses that Seller will deliver good and marketable title of record to Buyer9 <br />at closing subject to:10 <br />[Check and initial each term that applies to this Purchase Agreement. Use attachments and supplemental sheets to provide11 <br />complete disclosure.]12 <br />[___]Encumbrances. [Describe each encumbrance or lien. Do not list the liens for property taxes or special assessments as those are13 <br />covered in Paragraph 7 of the Purchase Agreement. Attach a photocopy of each note and mortgage, contract for deed, or lien instrument14 <br />that will not be paid, released, or satisfied before or at closing.]15 <br />16 <br />17 <br />18 <br />[Check here if Buyer is assuming an encumbrance:]19 <br />[___]Assumption of Encumbrances. M.S.B.A. Real Property Form No. 7, FINANCING ADDENDUM FOR ASSUMPTION, is20 <br />attached to the Purchase Agreement.21 <br />22 <br />[___]Reservation of any mineral rights by the State of Minnesota. There [select one} has / has not been any mining activity23 <br />on the property. [If there has been mining activity, describe in detail:]24 <br />25 <br />26 <br />27 <br />[___]Utility, drainage, and other easements. [Describe easements in detail; attach copies of the easement instruments; and attach28 <br />a copy of the plat, a survey, or other depiction.]29 <br />30 <br />31 <br />32 <br />There are / are no improvement or structures within the easement areas. [If there are, describe and depict on an attachment.]33 <br />34 <br />[___]Covenants, conditions, or restrictions of any kind, as stated in a deed, in a declaration (without an35 <br />association), or in another recorded instrument. [Attach copies.]36 <br />37 <br />38 <br />39 <br />40 <br />41