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Form No. 26n?AT— Earnest Money Contract. Wafter S. Sooth — St. PaW
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<br />(REV. 1 1985)
<br />St . 'Paul, Minn., Ma's'' 1, 8
<br />Ijot 44 Ill, ROHLMMS OAK QXRE ADDITION
<br />SUBJECr TO EASEMENTS OF RECORD OR IN USE
<br />In,
<br />inicludI n
<br />I a iarden bulbs, plants, shrubs and treles, ah storm sash, storm doors, detachable vestibules, screens, awnings, window
<br />shades, blinds (inicludi"nIg venietian blinds), curtain rods, traverse rods,, drapery rods, lighting fixtures and bulbs, plumbing fi xtures,
<br />hot water tanks and heating plant with any burners, tanks, strokers and other equipment used in connection therewith), water
<br />4 1 -in dish-
<br />sloftener and liquild gas tank and controls if the property of sellier)�, sump pump, television antenna, incinerator, bu*lt
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<br />washer, garbage disposal, ovens, cook top stoves and central air conditioning equipment, if any, used and located on said premises
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<br />and including also the following personal property' does not apply
<br />all of which property the undersigned has this day sold to the buyer for the sum ot. FORTY -FIVE THOUSAND
<br />whit' h the buyer agrees to pay in the following manner:
<br />E;)*-i,--- lill money, herein plaid 1 101on - nn- and $ 1;o oo ciash, on !It Inm 10 1 a S, a the date of closing.
<br />the balance of $3,71,500.00 by silaid buyer signing a Pr
<br />10 omissary note and Purchase
<br />.vx.Iy Mortgage, at closing and delivery of warranty, Deed to said lot. Said Purchase
<br />Money Mortgage shall be' due January 5, 1989,, tociXether with any accrued interest
<br />j-Lt 8' % per cent per annum fran date of closing until paid. Upon final payment said
<br />,ller shall deliveria "Satisfaction"of mortgage to said Buyer.
<br />Seller agrees Ito pay, all outstanding special assessments,, if any, heretofore levied.
<br />See attached addendurns ( )which =ride a part of this agreement. none
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<br />Subject to plerformanice by the buyer the seller agrees to execute and deliver a -------,Vvarranty Deed
<br />(to bye Joined in by sPoluse, if any), conveying marketable title to said premises subject only to the following exceptions:
<br />I Building and zioninglaws, ordinances, State sand Federal regulations.
<br />i(b) Restrictions relating to use or improvement of premises without effective forfeiture provision.
<br />(0 Reservation of any minerals or Mineral rights to the State of Minnesota.
<br />(d) Utility and drainage easilements, which do not interfere with present improvements,
<br />I Rights of tenants as follows: (unless specified, not subject to tengies)
<br />Tice buyer shall play the real estate taxes due In the ear 19— and any unpaid installments of special assessments payable therewith and thereafter.
<br />,Seller warrants that real estate taxes due in the year 19 will be non— 'homestead classification
<br />i(full, panial or non-homestead — state which)
<br />Neither the sellier nor the seller's agent make any representation or warranty whatsoever concerning the amount of real estate taxes which shall be
<br />assessed against the property subsequent to the date of purchase.
<br />,Seller covenants that buildings, if any, are entirely within the boundary lines of the property and agrees to remove all personal property not included
<br />herein and all debris frog n the premises prior, to possession date. SELLER WARRANTS ALL APPLIANCES, HEATING, AIR CONDITIONING, WIRING
<br />AND PLUMBING USED AND LOCATED ON SAID PREMISES ARE IN PROPER WORKING ORDER AT DATE OF CLOSING.
<br />The seller further agrees to deliver possession not later than close. pg I provided that all conditions of this agreement
<br />tied with. Unless otherwise speclified this sale shall be closed on or before 610 days from the date hereof.
<br />have been com,pli
<br />In the event this property is destroyed or substantially damaged by fire or any other cause before the closing date, this agreement shall become null and
<br />vollid, at the purchlasier's option, and all monies paid hereunder shall be refunded to him.
<br />'The buyer and seller also mutually agree that pro rata adbus entill of rents, interest insurance and city water, and, in the case of income property, current
<br />as I c_rcos IM it if amlies
<br />operating expenses, shall be made as of
<br />"The seller shall, within a reasionabilie time after approval of this agreement, furnish an abstract of title, or a Registered Property Abstract certified to date
<br />to include proper searchies covering bankruptcies, and State and Federal judgments and liens. The buyer shall be allowed 10 days after receipt thereof for
<br />e " ination of said title and the making of any objections thereto, said objections to be made in writing or deemed to be waived. If any objections are so made
<br />ti I shall be allowed 120 days, to make such title marketable. Pending correction of title the payments hereunder required shall be postponed, but upon
<br />CIO. "_Jon of title and within 10 days after written notice to the buyer, the parties shall perform this agreement according to its terms.
<br />If said title is not marketable and is not made, so within 120 days from the date of written objections thereto as above provided, this agreement shall be
<br />null and voild, at option of the buyer, and neither principal shall be liable for damages hereunder to the other principal. All money theretofore paid by the buyer
<br />I be refunded. If the title to, said property be found marketable or be so made within said time, and said buyer shall default in any of the agreements herein,
<br />;ellier may terminate this contract and on such termination all the payments made upon this contract shall be retained by said seller and said agent, as their
<br />reSpectiveinterests, may appear, as liquidated damages,, time being of the essence hereof. 'This provision shall not deprive either party of the right of enforcing
<br />the specific performance of this contract provided such contract shall not be terminated as aforesaid, and provided action to enforce such specific performance
<br />shall be commenced within six months after such right of action shall arise.
<br />It is understood and a re undersigned agent is in no
<br />I ed that this sale is, made subject to the approval by the owner of said premises in writing and that the
<br />mariner liable or responsible on account of this, agreement, except to return or account for the earnest money paid under this contract.
<br />'The delivery of all apers and monies shall be made at the office of: C *
<br />p 3-ty of Roseville
<br />AGENCY DIS,CLOSURE Clifford W. Lund 'Stipulates he or she is representing the Seller I
<br />NAME OF AGENT OR BROKER BUYER)SELLER
<br />in this transaction. The'111[sting agent or broker stipulates he or she is representing the seller in this transaction.
<br />L the undersigned, owner of the above land, do, hereby approve the
<br />above agreement and the �salie thereby made.
<br />Steven D I. Roberts , else person
<br />(SEAL)
<br />Seller
<br />(SEAL)
<br />Buyer
<br />THIS IS A, LEGALLY BINDING CONTRACT. IF' NOT' UNDERSTOOD,, COMPETENT ADVICE.,
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<br />WHITE — Office COPY YELLOW — sir uyeirt Copy PINK — Sellerls copy
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