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3. <br />4. <br />5. <br />6. <br />7. <br />8. <br />9. <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />ADDENDUM TO COMMERCIAL <br />PURCHASE AGREEMENT <br />This form approved by the Minnesota Association of REALTORS°, <br />which disclaims any liability arising out of use or misuse of this form. <br />© 2020 Minnesota Association of REALTORS°, Edina, MN <br />1. Date February 2nd, 2021 <br />2. Pagel <br />Addendum to Purchase Agreement between parties, dated February 2nd 2021 <br />(Date of this Purchase Agreement), pertaining to the purchase and sale of the Property at <br />413 Proctor Avenue NW Elk River, MN 55330 <br />In the event of a conflict between this Addendum and any other provision of the Purchase Agreement, the language <br />in this Addendum shall govern. <br />Buyer shall have a 60 day Due Diligence from the final acceptance date to complete the <br />following: <br />An additional 30 day extension will be granted if required to get City approval. <br />1.Buyer obtaining financing. <br />2.Buyer obtaining necessary City approval for intended use. <br />3.Buyer obtaining a satisfactory building inspection. <br />4.Buyer may cancel the purchase agreement during the due diligence period and receive a full <br />refund of the earnest money. <br />5. Acceptance deadline: per City approval not to exceed 8 weeks. <br />6. Closing shall be within 30 days after completion of the due diligence. <br />7. Seller agrees to pay buyer's broker commission of 2.5% of the sale price at closing. <br />19. <br />SELLER <br />BUYER <br />20. <br />City of Elk River <br />First Step Preschool & Childcare LLC <br />(Business Entity or Individual Name) <br />(Business Entity or Individual Name) <br />n <br />21. <br />By: <br />BY: <br />(Seller) <br />y i121 10:1925 AM CST <br />22. <br />Its: <br />Its: <br />(Title) <br />(Title) <br />23. <br />02/04/2021 <br />(Date) <br />(Date) <br />24. <br />SELLER <br />BUYER <br />25. <br />(Business Entity or Individual Name) <br />(Business Entity or Individual Name) <br />(Seller) <br />27. Its: <br />(Title) <br />28. <br />By: <br />(Buyer) <br />Its: <br />(Title) <br />(Date) (Date) <br />29. THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER(S) AND SELLER(S). <br />30. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. <br />MN-ACPA (8/20) <br />�������� �������� III"1� 1°111 f�° a ci ;t't' c;) <br />IV' �;«�Wltoirsll <br />TRANSACTIONS <br />