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<br />PURCHASE AGREEMENT
<br />This form approved by tha Minnesota Association 01
<br />REALlORse: Minnesota Association 01 REALlORse
<br />disclaims any liability arising oul 01 use or misuse of Ihis form,
<br />1. Date September 8, 1999
<br />2. Page 1 of 2
<br />a RECEIVED OF Joel D. Dil1ner and Phylli s M. Dil1ner
<br />4. the sum 01 ten thous,and and 00/100 Dollars ($ 10,000.00 )
<br />5. by CHECK.~WwNQIi as earnest money to be detOslted upon acceptance of Purchase Agreement by all parties, on or
<br />-( on;r~ , eller's Savings ACCOUllt
<br />6. belore the next business day after acceptance, in II: Mf;~If~JulJilIaI"!~ but to be returned to Buyer If Purchase
<br />7. Agreement Is not accepted by Seller. Said earnest money is part payment for the purchase 01 the property located at:
<br />8. Street Address: 2121 West County Road B
<br />9. City 01 Ro s ev ill e , CQunty 01 Rams e y , State of Minnesota,
<br />10. Legally described es: See at tached
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<br />11.
<br />12. Including the 101l0lNing property, il any, owned by Seller and used and located on said property: garden bulbs, plants, shrubs, and
<br />13. trees; storm sash, storm doors, screens and awnings; window shades, blinds, traverse and curtain and drapery rods; attached lighting
<br />14. lixtures and bulbs; plumbing lixtures, water heater, heating plants (with any burners, tanks, stokers and other equipment used in
<br />15. connection therewith), central air conditioning equipment, electronic air filter, Water SoftenendWfilEDX~~ NONE, built-In humidifier
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<br />16. and dehumidifier, liquid gas tank and controls (il the property of Seller), sump pump; attached television antenna, cable TV jacks
<br />17. and wiring; BUILT.INS: dishwashers, garbage disposals, trash compactors, ovens, cook top stoves, microwave ovens, hood fans,
<br />18. intercoms; ATTACHED: carpeting; mirrors; garage door openers and all controlsj smoke detectors; fireplace screens, doors and
<br />19. heatolato/'8; AND: the following personal property: washer and dryer
<br />20.
<br />21.
<br />22. all of which property Seller has this day agreed to sell to Buyer for sum of: ($ 325 ,000,00 )
<br />23. Three hundred twenty-five thousand and 00/100-------------------------------------- Dollars.
<br />24. which Buyer agrees to pay in the following manner: Earnest money of $ 10,000.00
<br />25. and$315,OOO.00 cash on or before September 27, 1999 , the dale 01 closing, and
<br />26. the balance 01 $ -0- by financing in accordance with the attached addendum:
<br />'Zl. Conventional FHA VA ~1rH!1JSV.0t! Contract for Deed Other: none
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<br />'COPY.
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<br />Pages
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<br />28. This Purchase Agreement ~ fo,J1i J;!O.!. contingent upon the sale of another property. (II answer is IS, see attached addendum,)
<br />29. Attached are other addenda which are made a part of Ihis Purchase Agreement. (Enter page or pages on line 2)
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<br />30. DEED/MARKETABLE TITLE: Upon performance by Buyer, Seller shall deliver a Warranty Deed
<br />31. joined In by spouse, if any, conveying marketable IRle, subject to:
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<br />32. (A) Building and zoning laws, ordinances, state and federal regulations; (B) Restrictions'relating to use or improvement of the property wilhout
<br />33. effective forfeiture provisions; (C) Reservation of any mineral rights by the State of Minnesota; (D) Utility and drainage easementS which do not
<br />34. interfere with existing improvements; (E) Rights 01 tenants as follows (unless specified, not subject to tenancies): None
<br />35.
<br />36. (F) Others (Must be specified in writing): None
<br />:II. TITLE & EXAMINATiON: Seller shall, within a reasonable time after acceptance of this agreement, fumlsh an ahWact of title, or a registered
<br />36. property abstract, certified to date to include proper searches coverinq bankruptcies, slate and federal judgments and liens, and levied and
<br />39. pending special assessments. Buyer shall be allONed 10 business days after receipt of abstract for examination of title and making any objections
<br />40. which shall be made in writing or deemed waived. II any objection is so made, Seller shall have 10 business days from receipt of Buyer's written
<br />41. title objections to notify Buyer 01 Seller's Intention to make title marketable within 120 days from Seller's receipt of such written objection. If notice
<br />42. is given, paymenls hereunder required shall be postponed pending correction of tille, but upon correction of ttlle and within 10 days after written
<br />43. notice to Buyer the parties shall perform this Purchase Agreement according to ils terms. If no such notice Is given or if notice is given but
<br />44. fllle Is not corrected within the time provided for, this Purchase'Agreement shall be null and void, at option of Buyer; neither party shall be liable
<br />45. lor damages hereunder to the other and earnest money shall be refunded to Buyer; Buyer and Seller agree to sign cancellation of Purchase
<br />4d Agreement. Buyer agrees to accept an ONner'S title fX'!icy in the full amount of the' purchase price in lieu of an abstract 01 title if the property
<br />47. is sublect to a master abstract or if no abstract 01 title IS in Seller's possession or control. If Buyer is to receive such policy (1) the tnle examination
<br />48. period shall commence upon Buyer's receipt of a current title insurance commitment and (2) Seller shall pay the enllre premium for such policy
<br />49, if no lender's policy is obtained, and only the additional cost of obtaining a simultaneously issued owner's policy If a lender's policy is obtained
<br />50. (Buyer shall pay the premium lor the lender's policy).
<br />51. REAL ESTATE TAXES shall be paid as foIlcms:
<br />52. Buyer shall pay, prorated from day of <1!!1al~. ~~:a"rapCatlf~ real estate taxes due and payable in the year 19~.
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<br />53. Seller shall pay, J!rorated to day of cIQ!W9.11 xxxf2~V~ real estate taxes due and payable in the year 19~. In the event
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<br />54. the closing date is changed, the real estate taxes paid shall, If prorated, be adjusted to the n8'N closing data Seller wananls
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<br />55. taxes due and payable in the year 1t9 2000 will be FULl;;~ -homestead classification.xlIlJlb9c:_JltxlGxxxxxxxx~
<br />56. tuemiaoexpadK~fJlll9SlCldIIA;J&JII~JiI~~11M~~~~xxxxxxxxxxxxxx11~~W
<br />57. jIIXticmDIXbacreaKIISIatai:JBxIl&&!8J81!j1E!5s:b:pJayXarJfJflll1l1I11P11"9':tIlhlA'09XOl~IM'I~~WH!K1IIJ1j~IftiiCHfC~
<br />58. Neither Seller nor Agenl(s) make any reprasenfation concerning the amount of subsequent real estate taxes.
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<br />59. SPECIAL ASSESSMENTS shall be paid as follows:
<br />60. BUYER AND SELLER SHALL PRORATE AS OF THE DATh.t;!~ <::LOSING /1S151!1!Bf8l'l,llj!!IJ.CJlAYCONJU.liFI!~ all Installments of
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<br />61. special assessmentscerlified tor payment with the real eslate laxes due and payable in the year 01 closing.
<br />62. Iibl~tiEtJsttAtixjUl8!4...i1 SELLER SHALL PAY on date 01 closing all other special assessments levied as of the date of closing.
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<br />sa BUYER SHALL ASSUME / ~ItR&VIOSCNR~P:Xspecial assessmenls pending as of the date 01 closing lor
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<br />64. Improvements that have been ordered by the City Council or other assessing authorities. (Seller's provision for payment shall be by payment into
<br />. 65. escrow 01 2 times Ihe estimated amount 01 the assessments, or less as required by Buyer's lender.)
<br />66. IIbt\!IRSH~~~ SELLER SHALL PAY on date of closing any delerred real estate taxes or special assessmenls payment of which is
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<br />61. required as a resun of the closing of this sale, Buyer shall pay real estate taxes due and payable in the year foIlaNing closing and thereafter and any
<br />68. unpaid special assessmenls payable therewith and thereafter, the payment 01 which is not otherwise provided.
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<br />69. POSSESSION: Seller shall deliver possession of the property not later than March I. 2000 after closing.
<br />711 AI/Interest, homecmner association dues, renls, fuel oil, liquid petroleum djas and all charges for city water, city sewer, electricity, and nalural
<br />71. gas shall be prorated between the parties as of March I, 20 0 n,. oi"tp nf nn""p",,;nn whichever is earlier
<br />72. Seller agrees to remove ALL DEBRIS AND ALL PERSONAL PROPERTY Nor INCLUDED HE:REIN from the property by possession date.
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