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02/21/2008 15:18 IFAX forestlakerealtyfax@cbburnet.col . Forestlake Fax ~002/028 82(21/2886 14:87 6514641898 TENNIS AND COLLINS PAGE 82 MJlI8r/Davls Co.. SL Paul. MN 861-842-1888 '1/11,,,'" Form 1811CIPA COMMERCIAL~DUST~L PURCHASE AGREEMENT ThI8 (ann apPfOVBd by the Mlnneaats AsaooI.Uon of REAL TORSe, whIch dfaclelms any liability arising Qut of ut. or mfause of WI fOtrn. "2004, Mlnneaota AsIocIation at REAL TORSe, EdIna, MN 1. Da. II'l!hft.~tf ,nn.c 2. Page 1 3. RECEIVED OF 4. the sum of 5. gA. R A WTl 011 ~JMrRRyn J." "~ A UinftAa~tA Iimftt1l!ld ~f."i1i1:y ~,A~R"Y ) DOLLARS u eamett money and In part payment for the 'purchase of propeny (ohlGlc. CUh or note · .. vmra.) 8. at ?nR4 IIn" '7n~1 r...mev;l1l1J 11ft.". ~"'"tI!M~'A . 7. Stat, of Minnesota, and legally described .a follows: 8. ~AA AftAfthNl Ryldhit A 9. 10. together whh the following personal prop.rcy: ~ftftA 11. 12. ._. 1 S. all of whloh property the unde'llgned has this day lold to Buye, for the lum of: 14 . DOLLARS, which Buye, agres8 1tn "." '" the following menner: 16. earnest money herein pa"" .... , olsh, on MAM" 11 18. 20Q6.., the date of Closing ana tn. Dalane. of bV flnlnolng I' 'hown on the Ittached Addendum. 17. 1. DEED/MARKeTABU TITLE: SubJlo' to perform.not bv luy.r, Stller Igr...10 .-Mute Ind d.Uv,r 8 , B. Warranty Dead conv.ylng marketable. to the properly auDJect anly to the following exoeptlona: 19. (8) buDding and zoning laWl, ordlnanou, Stili Ind Fedar8J regulltlana; (b) I'IItrlCllana relating to UI8 or Improvement 01 the premia.. without 20. effective forfeiture provision; (0) rel'Natlon of any minerai. or minerai rlghtl to the 8tate Of Mlnnt8Ot8; (d) utlnlV and dralnsge eaaementa 21. which do not Interfere wfth prelent Improvlmantli (e) rights of tenanII u followa: 22. 'I'~~w\t Oll an f\nal mnnth tn ~N"IAAIA,t ,n.. ~p'"tI~.pun1A Rftlld 23. 24. 81t".tld In the County of A.1\^1ra 25. 2. REAL ESTATE TAXES: Rtat Illite taua due and payable In the year of oIDelng ahall be prorated bllwaen SeUe, and auvw on 8 28. calendar ~ar "II to the actual date of clOIlng unl.. othtrwl.. plWldaclln Vda Pureht.. Agreement. Rell__ t8xea payable In the )'8111 27. prior to dOlIng shaD ba paid b~ SeDer. Real.... tax. payable In thl 18- l&lDaaquem to oIoIlng ,haJl be paid by Buyer. 28. 3. SPECIAL ASSES8MENTS: 29. 0 BUYER AND SELLER SHALL PRORATE AS 0' THE DATI 0' OLOSlNG ~ 8ELLIR 'HALL PAY on the elate of _Ine ("". one} 30. alllnstallmenta 0' eplClala...asmlntl certified for pa~.nt with thl ml....te tuN due and payable In the year of cloaIng. 31. 0 BUYER SHALL AlIUME .~ 8ILLIR SHALl. PAY ON DATI 0' GL081NG all ather .peoJaJ ......mentallVled 81 of the (.h.. .M} 32. date of this Agreement 33. 0 BUYER SHALL ASSUME ~ SELLER SHALl. PROVlD! FOR PAYMENT Of .pecIIl....um.n.. pending 88 of the (.,...It en.} 34. elate of 1h18 Agreement for Improvem.nCl Ihat have been ordered br the CI~ COuncD or any other gavernmental or private .'88Hlng 35. authorities. (Seller's provleJon for payment IhaII be by plymttlt Into 8ICfOW of 1 112 tImeIlhe estimated amount af Ihl IlHIsmsnta.) If a 36. lpeclal ......ment becomes pending Ifter the date of thII Purch... Agreement Ind before tht etale or clo,'ng, 8upr may. at Buyer's 37. option: (a) IllUme payment of the pending Ipeclal .....ment without adJultment to the purchaa. price: or (b) require Beller 10 pay the 38. pending epeclll ....eement (or 88GrOW far PlVlftent of eam. . sum eqUII to 11/2 amee Ite anJected pending ......ment) and Buyer ahall 39. pay a commensurate Increase In the purchase price of the proP'~r which 1n0ra'l ahaD ba the lime as the Mumeted amount of the 40. lIIU1ment or (c) dlcllre "II PurohlM Agreement terminated by written notice. tD Seller or lIcenIee I1Ipreeentlng at luting SeUer. If Buyer . 41. terminateS We Purohat. Agreement. Buyer and Sener lhall immediately algn . --Datfon of purohaaa agreement directing all earnest 42. monev paid hereunder to be refunded to Buylr. Siller .hlU pay on dlte of oIoIlng eny deferrid N8I Ntlte ~ or apeclal _menta 43. payment of which I. required 88 . nJlult of the aIoIlng of thl. nil. 44. 4. PRORAnONI: Alllttm. oultOmsrllV prorated and adJUItId In connection with the cloaI", of"'t 1." of the proper\' herein including but nat 45. limited to rents, opendlng upI",e., In.,. on lilY debt lluumed by Buyer. lhafl be prorated.. of the date of .llng. It l"aU b. 8Aumed 48. that Buyer will own the prope." far thl InUre dlle of the oloelng. MNCI:PA.1 (8104) .I~~~ ,..'_r" ..~ III:: . till L 31_