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<br />ADDENDUM TO COMMERCIAL
<br />PURCHASE AGREEMENT.
<br />DUE DILIGENCE
<br />82. Page 3
<br />83. Property located at 413 Prootor Ave NW, 81k River, MN 55330
<br />84. C. OTHER CONTINGENCIES, This Purchase Agreement Is contingent upon Buyer's reasonable approval of the
<br />86. following items, If checked. Buyer shall approve the items within days of either.,
<br />80. (a) Final Acceptance Date of this Purchase Agreement if Buyer Is obligated to obtain the item; or
<br />87. (b) receipt of the Item If Seller is obligated to obtain the item.
<br />88. (Select appropriate options 1-K)
<br />89. ❑ (1) ❑ BUYER ❑ SELLER obtaining a certificate of survey of the Property, at ❑ BUYER ❑ SELLER
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<br />90. expense.
<br />91. ❑ (11) ❑ BUYER ❑ SELLER obtaining soil tests which indicate that the Property may be Improved without
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<br />92. extraordinary building methods or costs, at ❑ BUYER ❑ SELLER expense.
<br />93. ❑ (111) ❑ BUYER] SELLER obtaining copies of all covenants, reservations and restrictions affecting the Property,
<br />94. at ❑ BUYER ❑ SELLER expense.
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<br />96. ❑ (Iv) E]BUYER[:]SELLER obtaining and approving copies of Association documents atF] BUYER RSELLER
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<br />96, expense.
<br />97, ❑ (v) Buyer obtaining from Seller copies of all documents in Seller's possession or control relating to the rights
<br />98. of tenants, including but not limited to, rent rolls, leases, common area maintenance fees, and estoppel
<br />99. certificates.
<br />100. Seller assigns all right, title, and Interest In and to the tenant security deposits and the Interest earned, if
<br />101. any, and credited thereon (collectively, the Security Deposits) for the Property at closing. Seller warrants
<br />102, that the Security Deposits being assigned are all of the Security Deposits being held for tenants at the
<br />103. Property. Seller shall, immediately after closing, notify tenant of the Security Deposit transfer and of Buyer's
<br />104. name and address as required under MN Statute 60413,178, Subd. 5. Buyer agrees to hold and apply all
<br />105. of the Security Deposits In accordance with the terms of the leases of the Property pursuant to MN Statute
<br />106. 604B.178 and Indemnify and agree to hold and defend Seller, He legal representatives, successors and
<br />107. assigns harmless from and against any and all claims, actions, suits, proceedings, demands, assessments,
<br />108. Judgments, liabilities and costs Including, without limitation, reasonable attorney's fees and expenses of
<br />109, any kind whatsoever, arising from and after the date of closing asserted by said tenants or any person
<br />110, or persons claiming under any of them with respect to any of the Security Deposits.
<br />111. ❑ M) Buyer obtaining from Seller copies of all permits applicable to the Property, operating statements for the
<br />112. last years, vendor contracts, and any other documents In Seller's possession or
<br />113, control and relating to the Property.
<br />114. Buyer acknowledges that Seller makes no representations or warranties by providing any documents to
<br />116. Buyer. Buyer agrees to return all such documents to Seller upon Seller's written request.
<br />MN-ACPA,DD-3 (8120)
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<br />Realtors"
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