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2014-10-08 CC Handouts at Meeting
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2014-10-08 CC Handouts at Meeting
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ADDENDUM TO COMMERCIAL <br /> PURCHASE AGREEMENT: <br /> DUE DILIGENCE <br /> 82. Page ll <br /> 83. Property located at 7087 20th Avenue South Centerville, <br /> 84. C. OTHER CONTINGENCIES: This Purchase Agreement is contingent upon Buyer's reasonable approval of the <br /> 85. following items, if checked. Buyer shall approve the items within Fifteen (15) days of either: <br /> 86. (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 i-vi.) <br /> 89. 0 (i) ❑ BUYERFX-] SELLER obtaining a certificate of survey of the Property, at ❑ BUYER 0 SELLER <br /> .............(Check one.)--------------- ---------------(Check one.)--------------- <br /> 90. expense. <br /> 91. ❑ (ii) ❑ BUYER ❑ SELLER obtaining soil tests which indicate that the Property may be improved without <br /> --------------(Check one.)-------------- <br /> 92. extraordinary building methods or costs, at❑BUYER❑SELLER expense. <br /> ---------------(Check one.)------------- <br /> 93. ❑ (iii) ❑BUYER❑SELLER obtaining copies of all covenants,reservations and restrictions affecting the Property, <br /> -------------(Check one.)-------------- <br /> 94. at❑BUYER❑SELLER expense. <br /> -----------------(Check one.)--------------- <br /> 95. ❑ (iv) ❑BUYER❑SELLER obtaining and approving copies of Association documents at❑BUYER❑SELLER <br /> -------------(Check one.)------------- -------------(Check one.)------------- <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 504B.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. 504B.178 and indemnify and agree to hold and defend Seller, its 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 or <br /> 110. persons claiming under any of them with respect to any of the Security Deposits. <br /> 111. ❑ (vi) 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 /> 115. Buyer. Buyer agrees to return all such documents to Seller upon Seller's written request. <br /> MN-ACPA:DD-3(8/14) <br /> /gsta�',t <br /> orms <br />
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