2014-10-08 CC Handouts at Meeting

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ADDENDUM TO PURCHASE AGREEMENT: SUBSURFACE SEWAGE TREATMENT SYSTEM AND WELL INSPECTION CONTINGENCY This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. ©2013 Minnesota Association of REALTORS®,Edina,MN 1. Date 10/06/14 2. Page 3. Addendum to Purchase Agreement between Buyer(s) and Seller(s), dated 20 , 4. pertaining to the purchase and sale of the Property at 7087 20th Avenue south 5. Centerville, Minnesota 6. For the purposes of this Addendum,"Business Days" shall end at 11:59 p.m. and do not include Saturdays, 7. Sundays and state and federal holidays. 8. Seller has previously disclosed that a subsurface sewage treatment system and/or private well exists on, or serves, 9. the Property.This Purchase Agreement is contingent upon inspection(s) of the subsurface sewage treatment system 10. and/or private well to determine the condition or status of the following checked items. 11. If the appropriate test(s)/inspection(s) checked below are not done and results provided within the time specified, 12. or waived in writing by Buyer,then the party not responsible for obtaining the test/inspection may declare this Purchase 13. Agreement canceled by written notice to the other party, or licensee representing or assisting the other party, in which 14. case this Purchase Agreement is canceled. If the party declares this Purchase Agreement canceled, Buyer and Seller 15. shall immediately sign a Cancellation of Purchase Agreement confirming said cancellation and directing all earnest 16. money paid hereunder to be refunded to Buyer. 17. (Check all that apply.) 18. ❑SUBSURFACE SEWAGETREATMENT SYSTEM: 19. All test(s)/inspection(s)shall be done and results provided to Buyer within N/A Business Days of Final Acceptance 20. Date of this Purchase Agreement. 21. ❑BUYER❑SELLER AGREES TO OBTAIN(AND PROVIDE TO BUYER)A LICENSED INSPECTOR'S SEPTIC -------------(Check one.)-------------- 22. SYSTEM INSPECTION REPORT OR NOTICE INDICATING IF THE SYSTEM COMPLIES WITH APPLICABLE 23. REGULATIONS WITHIN THE TIME SPECIFIED ABOVE. 24. NOTICE: A VALID CERTIFICATE OF COMPLIANCE FOR THE SYSTEM MAY SATISFY THIS OBLIGATION. 25. If the inspection report indicates that the subsurface sewage treatment system is not in compliance with applicable 26. regulations,then the parties may agree in writing on or before the date of closing,to negotiate an allocation between 27. Buyer and Seller of those costs necessary to bring the subsurface sewage treatment system into compliance with 28. applicable regulations. 29. In the absence of such agreement, either party may declare this Purchase Agreement canceled by written notice 30. to the other party, or licensee representing or assisting the other party, in which case this Purchase Agreement is 31. canceled. If either party declares this Purchase Agreement canceled, Buyer and Seller shall immediately sign 32. a Cancellation of Purchase Agreement confirming said cancellation and directing all earnest money paid hereunder 33. to be refunded to Buyer. MN:APA:SSTSWIC-1 (8/13)