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<br />'FROM EDINR RERLTY 50TH & FRRNCE OFFICE
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<br />B~yo!~~~.re .
<br />8"".... . ~ . . o"'<C~l
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<br />.5.dtA. __ __,OMe -
<br />..5el.LI!Il ~tf1"# ~
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<br />08.11.1997
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<br />11:24
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<br />NO. 3
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<br />P. 2
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<br />\ cOMMmlCJA~.rlNDUSTn'AJ..
<br />\/FtJncIIAsE AGHRRMENT
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<br />'n,l~ fo.tlll ""PAWed by Ihe Minnc.onl:l ^~'IC>e;in,i..n "f
<br />Rn^,;lnr{~~. which oIi.cI:lhn.llny lI.hi'IIy "ri~ir'l~
<br />_ <1,,1 "f lI.e ": "'!slIse nr 'Iii. rorm. A~.
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<br />RECEIVED OF_ ~ 't. j....._Jn .YjJ~.f!:r.tL.J1./Jt,,_:rfl/lles-A~)!'.L..s..4~ .t.;ld 61:10.l!a
<br />Ihe1imnof _1JJ.~~~~~ ~~'~.' ,~'-'--($~6-1~ J ) DOLLAn
<br />~---C. ~6.1;!..)~~..~,':;,~,:~,!:,,!!,"''vh... ,-;:I~ carnc~t mnncy ~nd in 1'arl payment fnr Ihe pllrcha~c nfpropert
<br /><II _~~_ _ L-fJ::J.-...J- . ~o.:.+~;/d,,~~-e...P.1--T.I{"""" . .......- - !iihl<lrcd in Ih
<br />County (If --:.~~_ . Stale e,f Mjnne~ola. nnd Icg:llly cle~cribccl mi r()lIows~ --..
<br />;11 R,? 'I"~' ';f E 3~-,_Jl3---i5..rL-.1-~C-;E, .0/_.._~ SE- fr & .~~
<br />.(~~~~d~~ J'~.,.._J 1'1~'l . ~:J,
<br />logclhc~ with the f<)lIo~,'ing pen;o~1 propcrty: ......
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<br />all or which properly rhe undersigned has Ihi~ day solclln Ihe Duyer fOf .he sUln ofL... - -I:'U<>u.(A.JV 9
<br />~-t .11: At P ~tJ// Dc.') ($_, ~oo ,J.~""'_) DOLLAR$, which lile Duyer :I~e('_~ 10 pay i~ the following m:mncr:
<br />E.1mesl money herein p:Jid ~ . ..,_ ,;\d $;.."<" 7'~'~'- _ -. :;00. ci1~h. on ? - ;;. '7- 9? . the d<lle of
<br />losing and Ihe halance of.~ # _ - D - hy 1in:1I1cing 115 shown on .he IlII:lchcclllddcncllll11.
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<br />1. DEEDfMARKgTAnr..E TITLE: SlIhjccllo perfomlCll1ce hy Ihc nuyer, the SelicI' :1grees 10 exccule ('Ind deliver II
<br />\If.Irr:mly Deed conveying l11i'1rkelahle lil/e 10 $:!icl premisc"'i !i1l1~icCI only 10 Ihe following exceptions:
<br />(n) nuilding and loning laws, ordinanccs, Sr<lle :'IOcI Pcdcml rcglll:Jlions. (h) Rc,o;lrkliol1s relMing 10 use or improvcmenl of Ihe premises witholll
<br />efrective forfeilure prnvi~ion, (c) Rcserv:tlion of "ny mincmls or mincr:11 rights 10 lilt: ~Ialt of Minnesnli1. (d) UlililY :Hld dri1in;lge e"scmenl~
<br />which do not interfere with presenl impmvemcnls. (e) Right:; (If lell:1I115 n~ 1i)lIow!:: . - ~
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<br />2. nEAL ESTATE TAXES. Real C51ale t:lXCS due ;mcl p:l)':lhlc illlhc year of closing 1:11:111 he promlcd helwecn Scller ;lnd Duyer on" cillcnclilr
<br />yeM basis 10 Ihe :lertml clale of closing unless olherwise prm,jdcd in Ihis Agrecl1Icnl. Rc.'\1 esl.IIC I:lXCS paY;lhlc in Ihe yeal'!; prior 10 clo~illg shall
<br />be paid by ScHer. Real eSfale I:\xes payable in. I!I~)'~. ears sub!iequenllo e.lo.s. iog sh~1I be paid hy Duyer.
<br />3. SPECIAL ASSKSSMEN.IS. [Strike oul one.MlJUll(f2X?>>11~~)'kt~rJltd'.om~m11t1~O~1~~f.a~W(Sm~LER
<br />SHAU.. PAY on Ihe dale of closing nil ilJ!ilallmenls of spcci:\III~~cssmcn's ccrlificd Ii)r p:tymcnt willi Ihc rcnl e~tnte taxes due ::\Od pilynhlc in
<br />Ihe YC:lr of closing. '.
<br />[Strike out nne.l~m~.1n.~Ill~USELLER SJlA LL PAY ON J)A'fI~ OF CLOSING ;III olher special :JS5C!i!irncnIS Icvied ns of
<br />Ihe clalc of this Agrcement.
<br />[Slrike ('lilt nne. , UfiIJ~t~mU~~SSU'lnl!}/SEU .ER sn A TJ I I'nOVmE FOn PA VMENT OF special ~sses~mcnI5 pcnc/ing as of Ihe
<br />d:lle of Ihis Agreemcnl fhr ill1pf(W"'II\Crlr~ IIml have hccn of(kr~d hy the Cily Councilor olllcr govcrnmcntal as!\cssil1l~ :tIllhnrilics. (Sellcr's
<br />provision fhr pilYI11Cnl !\hall he hy paymcnt inlo cSl:rnw or I 'h til1]c~ fhc C~limnlcll amOllnr lir 1111: :tssessttle/l'.~.)
<br />If a srcci:ll :l5seS5mCI11 hccomes pending :1f1CI' Ihe clalc of Ihis Ag.rcclI\(:1I1 :111(1 hcliln~ Ihe d:lle of closinr,. Buyer may, ill nuycr'r, oprion: (:I)
<br />Assul1lc paymenl oflhc pcnding spcci<\1 :\ssessrncnt wilhout ndjuslmcnlto the purchase p!'ice: or (h) RCCJuire Seller 10 PilY the pcnding spedn!
<br />:\5ses~mcr\l (or escrow Ibr p:1ymcllt of slime II sum cqlwllo I ~ limcs .he projecrcd pending rlssessmclIl) ;Inri Bllyer shill! pay II commensurlllC
<br />incrcase in the pnrchilse price oflhe propcrty, which illCl'~;Ise $11:111 he Ihe snme m; rhe e~tim11lcd nmollnt of the assessmenl; or (c) Dccl<lrc this
<br />Agrecmenl null :Jnd void hy nOlice 10 SelicI', and C;\lI1csl money shall he refunded 10 nuycr.
<br />Sellcr sh:1I1 pay on dale or closing :lny deferred rcal estate laxes or sped", :JS!\CSsmcnrs payment of which is required liS a result of Ihe closing
<br />of Ihi!\ !mle.
<br />4. PRORATIONS. ^" ilems ellslol1l<1rily pmr:'llccJ :Iud adJ"slcd in conm~clion with Ihe closing orthc Sille of Ihe propcrly herein including hut
<br />nol limited 10 renr!\. opcrilling expen~el;. inleresl on :IIlY deht i\~sllmed hy nuyer, shl111 he prorated a!: orlhe di1le of d()~ing. II 511;'\11 h~ aS~\lmed
<br />Ihallhe Buyer will own the property lor rhe enlire d<ltc of the closing.
<br />5, DAI'vIAGF"'s TO HEAL PROPERTY. ffthere is allY loss or cI:un:lge 10 Ihe property be(wccII Ihe date hereof IIIIc1thc dale of closing, for any
<br />reason, Ihe ri~k oftoss shall he on Ihe Seiter: if the property is de~tmyed or SlIhl';lantiillly damflgcd hefore Ihe closing, Ihis Purchase Agreemenl
<br />shall hecome null :md "oid. lit nllyer's option.. DI1}'tr sh:!1I h:we Ihe right 10 Icrmimllc Ihis rurcha~e Agreement wilhin 30d:ly:'l aftcr Scllcrnotilics
<br />nuyeror such di1I1t<lCe. Upon 1iaid Icnninalion, Ihe camcst mom:y sh,,/I I'1e refundcd 10 Buycr C1nd nuycr and Seller ngree 10 sign n cancellalion
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<br />or ~lr"h:t5C ^grr.r.menl. .
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