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COMMERCIAL PURCHASE AGREEMENT <br /> 195. Page 5 Date 10/06/14 <br /> 196. Property located at 7087 20th Avenue South Centerville <br /> 197. BUSINESS DAYS: "Business Days" are days which are not Saturdays, Sundays or state or federal holidays unless <br /> 198. stated elsewhere by the parties in writing. <br /> 199. DEFAULT: If Buyer defaults in any of the agreements herein, Seller may cancel this Purchase Agreement, and any <br /> 200. payments made hereunder, including earnest money, shall be retained by Seller as liquidated damages and Buyer <br /> 201. and Seller shall affirm the same by a written cancellation.In the alternative, Seller may seek all other remedies allowed <br /> 202. bylaw. <br /> 203. If Buyer defaults in any of the agreements hereunder, Seller may terminate this Purchase Agreement under the <br /> 204. provisions of either MN Statute 559.21 or MN Statute 559.217, whichever is applicable. <br /> 205. If this Purchase Agreement is not canceled or terminated as provided hereunder, Buyer or Seller may seek actual <br /> 206. damages for breach of this Purchase Agreement or specific performance of this Purchase Agreement; and, as to <br /> 207. specific performance, such action must be commenced within six (6) months after such right of action arises. <br /> 208. SUBJECT TO RIGHTS OF TENANTS, IF ANY, BUYER HAS THE RIGHT TO VIEW THE PROPERTY PRIOR TO <br /> 209. CLOSING TO ESTABLISH THAT THE PROPERTY IS IN SUBSTANTIALLY THE SAME CONDITION AS OF THE <br /> 210. DATE OFTHIS PURCHASE AGREEMENT. <br /> 211, DISCLOSURE NOTICE: If this Purchase Agreement includes a structure used or intended to be used as residential <br /> 212. property as defined under MN Statute 513.52,Buyer acknowledges Buyer has received a Disclosure Statement:Seller's <br /> 213. Property or Disclosure Statement:Seller's Disclosure Alternatives form. <br /> 214. (Check appropriate boxes.) <br /> 215. SELLER WARRANTS THAT THE PROPERTY IS EITHER DIRECTLY OR INDIRECTLY CONNECTED TO: <br /> 216. CITY SEWER FY]YES❑NO / CITY WATER ✓❑YES❑ NO <br /> 217. SUBSURFACE SEWAGE TREATMENT SYSTEM <br /> 218. SELLER❑DOES❑✓ DOES NOT KNOW OF A SUBSURFACE SEWAGE TREATMENT SYSTEM ON OR SERVING <br /> --------------(Check one.)--------------- <br /> 219. THE PROPERTY. (If answer is DOES, and the system does not require a state permit, see Disclosure Statement: <br /> 220. Subsurface Sewage Treatment System.) <br /> 221. PRIVATE WELL <br /> 222. SELLER ✓❑DOES❑DOES NOT KNOW OF A WELL ON OR SERVING THE PROPERTY.(If answer is DOES and well <br /> ----------------(Check one.)---------------- <br /> 223. is located on the Property, see Disclosure Statement:Well.) <br /> 224. THIS PURCHASE AGREEMENTFY] IS❑ IS NOT SUBJECT TO AN ADDENDUM TO PURCHASE AGREEMENT.- <br /> ---------(Check <br /> GREEMENT.•----•---•(Check one.)---------- <br /> 225. SUBSURFACE SEWAGE TREATMENT SYSTEM AND WELL INSPECTION CONTINGENCY. <br /> 226. (If answer is IS, see attached Addendum.) <br /> 227. IF A WELL OR SUBSURFACE SEWAGE TREATMENT SYSTEM EXISTS ON THE PROPERTY, BUYER HAS <br /> 228. RECEIVED A DISCLOSURE STATEMENT.-WELL AND/OR A DISCLOSURE STATEMENT.-SUBSURFACE SEWAGE <br /> 229. TREATMENT SYSTEM. <br /> 230. NOTICE <br /> 231. Louis R. Suski is©Seller's Agent❑Buyer's Agent❑ Dual Agent❑Facilitator. <br /> (Licensee) ------------------------------------------------------(Check one.)------------------------------------------------------- <br /> 232. Gaughan Enterprises dba Gaughan Co <br /> (Real Estate Company Name) <br /> 233. Chris Weirens is❑Seller's Agent© Buyer's Agent❑ Dual Agent❑Facilitator. <br /> (Licensee) ------------------------------------------------------(Check one.)------------------------------------------------------- <br /> 234. Cushman & Wakefield/NorthMarq <br /> (Real Estate Company Name) <br /> MNC:PA-5(8/14) <br /> lnstanr`_''-;t <br />