|
<br />JUN 18 2001 09:09 FR UCARE
<br />\::0., lR~.sCy\..
<br />L &S ~ Ho.VV\\I~ A-~ ~ .
<br />ttO~\rll~ Y\1N s-.t'p3
<br />(res~rvBd far ~rtgag8
<br />~e9iBtry tax payment data)
<br />
<br />612 676 6501 TO 96514902931
<br />- - --- --------.':11 --....-,
<br />
<br />P.03/03
<br />
<br />
<br />Date I
<br />
<br />. 19~
<br />
<br />~BIS CONTRACT FOR DEED iB made an the above date by Dian H. Fasse, a sinale ~erBon,
<br />seller (whether one or more), and Gail R. Ander9on, PU4chaser (whether one or more).
<br />
<br />Seller and Purchaser agree to the following terms I
<br />
<br />PROPERTY D~SCRIP~ION. Seller bereby 8ells, an~ Purchaser hereby bUys, r9~l property
<br />in RAmBe~ county, Minne8o~a, described as followsz
<br />
<br />All of my right, title and intere~t in And to the West 158 faet of the
<br />North 1/2 of the South 125 feet of the North 15/32 of Northwont 1/4.of
<br />the southeast 1/4 of section 15, Township 29, Range 23, according to
<br />the uni~ed state" Government St,trvey thereof and situate in R8DlBey
<br />county, Minnesota.
<br />
<br />*Tbe Seller certifies that the seller does not know of any wells OQ the described p.~pertyy
<br />
<br />1.
<br />
<br />*
<br />
<br />together with all hereQitaments and appurtenances belonging thereto (the Property).
<br />
<br />~. ~ITLE. Soller warrants that title to the Property is, on the date of this contract,
<br />subject only to the following exceptions:
<br />(a) CoVenan~8, conditions, restrictions, declarations and easem8~te of record, if
<br />any;
<br />(b) RB8ervatichs of ~ineralA or mineral rigbt~ by the state of Minneeota. if any;
<br />(c) Buildinq, zoning and subdivision laws and r9gQlations~
<br />(d) The lien of real estate taxes and installments of special assessments which are
<br />payable by Purchaser pursuant to paragraph 6 of this contract~ and
<br />(e) ~hB fallowing liens or encumbrances:
<br />
<br />Mortgage in favor of Hellon Ho~tgag8 C~pany, in tbe original princi~al amount
<br />of $61.800.00 of record.
<br />
<br />3.
<br />
<br />DELIVERY OF DEED AND EVIDENCE OF 'l'J:TL8.
<br />of this contract. Seller shall!
<br />(a) Execute, acknowledge and deliver to J?urchaser II Warranty Deed, in recordable form,
<br />conveying market-able title to the property to Purchase:!:, subject only to the
<br />following exceptions:
<br />(i) Those exceptions referred to in paragraph 2(a), (0), (c) and (d) ot this
<br />contract~
<br />(ii) Liens, encumbrances, adverse claims or other matters which Purchaser has
<br />created, Buffered or pe~itteQ to aocr~e after the date of this contract;
<br />and
<br />(ii1) The following liens or ~ncumbrance&:
<br />
<br />upon Purchaser's prompt an4 full performance
<br />
<br />Mortgage in favor of Hellon Mortgage CQJnpany, of record, which Purcbaser agree~
<br />~nd aS8~~S to pay; and
<br />
<br />(b) Deliver to Purchaser the abstract of title to the prQpe~ty or, if tbe title is .
<br />registered, the owner's duplicate certificate of tit1e.
<br />
<br />4. PURCHASE PRICE. Purchaser shall pay to seller, at such addrlilBB as seller may desictn~te
<br />from time to ~ime in writin~, the Bum of Ten Thousand six Hundred Dollars and 00/100
<br />($10.600.00), as and for the ~urch~ae price fo~ the property, payable as followst
<br />
<br />$1,ODO.00 in principal aha all accrued intereet commencing on.the firat day
<br />of June, 1996, ~nd continuing on the fi:t'Bt day of June 'of each 'year
<br />thereaftElr until the firll3t day of Jt1ne, 2000, at which time all then
<br />rem~1ning principal and any accrued interest shall be dUQ and p~yable ih
<br />full. Interest snall commence on the date of this Contract and continue at
<br />the rate of 8% per annUlI on all unpaid principal from time to time remaining.
<br />
<br />5. PREPAYMENT, Un1... otherwis. provided. ia. this cont.t:act, Purch"eer .hall have the right
<br />to fully or p.rtially prep.y thi. contraQt at any t~~ without penalty. AnY p~tial
<br />~repayment s~.ll be applied first ~o pa~nt of &mOuntB then due under this contraet,
<br />~ncluding unpaid aocrued interest. and the balance sball be appliad to the prinoipal
<br />installments to be paid in the inverue order of their maturity. Partial prepayment
<br />
<br />** TOTAL PAGE.03 **
<br />
|