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<br />. EXHIBIT "A"
<br />!~tB !agreement, Maile a7IiL en.tere4 mto this..................................................."..._.......".......................day of
<br />.~c::~.~......E.................................,.........., 19,!!Q......, by a7IiL betllJe8n.".1I!~,..~In..,Q1....WEN...lU;LI"S.....,a..,~,tat!.l,tQr.y:..,~;I.ty
<br />city and a municipal '
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<br />1iIicorporation..nder the laws of the State of..,....:Minn~fl(lta........_.........................................., party of the first part,
<br />a:r....~....IOHANNA...Y.QLlINTEER...ETRR nF.P .AB.!MENX.....DlIa......a...c.orp":cati.on. "ntl""'....the...1aws.................
<br />..?..,....~....~...!!.;..!!!~...~UJ.~..~!!.~~,!:.!!..........._................__............._.....................,.............., part"y......,.of the BSC07UL -pa,rl;
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<br />mutnestlttlfJ. That the saM, po;rtg of the fI.rsb part, tn consideration of the tJU/Jenants a7IiL apes-
<br />ments of saM, part.:!....... of the II8OO1U1, part, herdnafter ctmtai,neiL, hereby sens a7IiL apses to convey ..nto
<br />saUl partY.........of the se<<mit part, .~...4....~,!;.~.l!.'!!;.!:.!l.!l.!l9.F..!l._......._.a7IiL asstl11U/, by a..:w.!!.:rF.~];!.!;y.....;.................Deed,
<br />at:fXJmpanieiL by an alJstrtuJt euidmuJ/,nl1l100iL ti.tZe in party of the first part at the date hereof, or by an
<br />owner's iJ,u,pu-te tJerti,flcate of fUZe, ..ptTIb the prompt a7IiL f"~~ perf01"1l'ha1UJ6 by soJiL part.:!.....,.of the II8OO1U1,
<br />part, o{,.....!!:!!....."""."part of this al1reemem, the tract........................of 'ta7IiL ~ytnl a7IiL bdnl1 tn the Coun!;y of
<br />....,.............,,!m!.!l.~y......................,................a7IiL State of Minnesota, desorf;beit as fonaws, to-wit:
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<br />The legal description of the tract of land hereby conveyed is set forth in
<br />Exhibit "A" attached to and made a part hereof.
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<br />.I17IiL saiit part...;y,.....of the II8OO1U1, part, in tJOn8iiteratitm of the premises, hereby al1ree,~... to pay saiit party
<br />of the first part, at,........,l,45,Q.,.W.e.e.t...l!igblftly.....9.6,...,A1;,d,eXl...l!.iJ.l.1I.....~.iXlne.egJ;.a...,:i.:i.U.2................,...........................
<br />as a7IiL for the purc'h.ase price of saM, premises, the sum of-...!'/,ine.t,e.en...Tha.u.e.and...and...Xl.!l1.l,Q,O"......,..............
<br />..Sl9....Q.Q.Qd.,Q,Q1:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::- DoZ7.a1'll, _ !
<br />in. manner a7IiL at times foLlowing, to-wit: $4,000.00 in cash, receipt of which is hereby acknow'"
<br />1edged by party of the first part, and the balance of $15,000.00. together with interest thereol
<br />,from the date hereof until paid, as hereinafter provided. by party of the second part paying,
<br />ito party of the first part on or before June 30, 1981, the'sum of $5,000.00 principal. together
<br />j'with accrued interest on the entire amount of principal then due. and on or before June 10, I
<br />,1982, the sum of $10,000.00 principal, together with accrued interest due thereon. The intetes1
<br />,due on unpaid principal Sha,ll accrue at party of the first part I s "inter-fund transfer rate"!
<br />'for the calendar year preceding the installment due date. Party of the first part I s "inter-
<br />I fund transfer rate", as that term is used herein, is the average that party of the first par
<br />,earns on its certificate of deposit investments during the calendar year in question.
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<br />Said par' Y of the second part further covenar's ' .nd agrepS .. follows: to pay before penalty attaches
<br />thereto, all taxes dne and payable in the year 19.J!.L and in snbseqnent years, and all special assessments heretofore or
<br />hereafter levied.
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<br />also that any bwldings and improvemeDts DOW on said laDd. or which sball hereafter be erected. placed. or made therc..
<br />on, shall not be removed therefrom, but shall be and remain the property or the party of the first part UDtII this con-
<br />tract shall be fully performed by the partJ..-of the secoDd part; and at.......i.t.ll..-oWD expense, to keep the buildings
<br />on said premises at all times insured in some reliable insurance company or companies. to be approved by the party of
<br />tbe first part. against loss by fire for at least the sum of___ t'hD nnp.=:lli FI h:=1 ~n,.p nT ..hi Q r.nn.......~ct fn,.. -
<br />.....Deetl .. ,..............
<br />and against loss by windstonn for at least tbe sum of-Lhe..JJDrtllirl h~'s:lnt"'Q nT ..hip. r.nn""~rot' TOY' need
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<br />payable to said party of the first part. its successors or aSSilitDS, and, in case of loss. should there be any surolus over and
<br />above the amonnt then owinR said party of the first part, its successors, or assigns, the balance shall be paid over to the
<br />said pa~of the secoDd part as 1 t-" IDterest shall appear, and to deposit with the partv of the first part
<br />policies of said insnrance. Bnt should the second part...~ fail to pay any item to be paid by said part~nnder the
<br />terms hereof. same may be paid by first party aDd shall be forthwith payable, with interest thereoD, as an additioDal
<br />amount due first party under this contract.
<br />But should default be made in the paymeDt of principal or interest dne hereunder. or of any part thereof, to be by
<br />secoDd pa~paid. or should i t- --fail to pay the taxes or assesSJDents upon said land. prem111111s UpoD said
<br />insurance. or to perform any or either of the covenants, agreements. terms or conditions herein contained,. to be by said
<br />second p.... y kept or performed. the said party of the first part may. at its option, by written notice declare this
<br />contract caDcelled and termiDated. and all riRhts, title and Interest acqoired thereunder by said second part y .hall
<br />thereupon cease and terminate, and all improvements made upon the premises. and all payments made hereunder shan
<br />belong to said party of the first part as liquidated damaRes for breach of this CODtract by said second pa~ said
<br />notice to be in accordance with tbe statute in such case made and provided. Neither the extension of the time of pay-
<br />ment of any so.... or snms of money to be paid hereunder, D or any waiver by the party of the first part of its riRhts to
<br />declare this contract forfeited by reason of any breach th ereol, shall in any manner affect the riltht of said party to
<br />cancel this contract because of defaults subsequently maturing. and no extension of time shalt be valid unless evi-
<br />denced by duly si~ned instrument. Further. after service of notice and failure to remove. within the period allowed by
<br />law, the default therein specified. said part..y...._of the second part hereby specificaUy agree...s......... upon demand of said
<br />party of tbe first part., Quietly and peaceably to surrender to it possession of said premises. and every part thereof. il
<br />beiOj:l understood that until such default. said part...Y.._..of the second part_Js_to have possession of said premises.
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