|
'�r No. 262�•T. Earnest Money Contract. Revised 1956. DUPLICATE
<br />��litll !. NOTII �'iOM. rI11NG►OU� �" - .
<br />PURCHASE ��REEIdrEI�T
<br />Minneapolis, Minn., ._ . December fi ..................... ... ...i9.�7...
<br />C
<br />RECEIVED OF C�.eon Garlay _.. _ ... . .. _ ... ..........................................
<br />_... .. ._ _ _ _ .
<br />: the sum of ..... 011e Thotteand .ai3d--------�-...... . .... . _ ��,,.�-� _ (� �..,Q9Q...Q�....) DOZLARS .
<br />, . _ . _. -,--M .
<br />`- ••••..•.:.:. ............ .. Ch�Clc _. as earnest money and in part payment for the purchase of property at
<br />• (Check, Cnsh or vote—State �Vhtch)
<br />; � ...........:...UpS.....Highway 8 Na�h . oP CQwat�r..Rosd...._..��.�.............. ..... ... _...... ... . ._. _ ............................situated in the
<br />`� - ,,:,.. County of ............. .....�BQj'. __ _.. . , State of Minnesota, and l�gally described as fullows, to-wit;
<br />3'he N�rth 955 �eet of the south 7.285 feet of tr�t �rt of th� North�reat querter of Sectio� 5s
<br />Town�hip 29, Range 23 R�mse� cotuaty, Minn�sote I.�ri�g West of a lix�e rtxnning North at righ�, angle�;
<br />�o tbe �outh lirxx� of said nor�hwest quarter fro� � poiat tlhereon. Dist�nt 2078 faet ea�� f� the `
<br />�• including all storm sash, storm doors, detachable vestibules, screens, awnings, window shades, blinds (including venetian
<br />blinds), curt�in rods, traverse rods, drapery rods, lighting hxtures, plumbing fiXtures, hat water tanl:s and heating plant
<br />(with any burners, tanks, stokers and other e9uipment used in connection therewith) water softener (if the �roperty of
<br />. s�eller), exteriot t�levision antenna, incinerator, dishwasher and garbage disposal, if an}', useci and located on said premzses �
<br />� And including also the following listed personal property:
<br />Sou��sw�et corn�r etc,, eccording �o C.�. Conit�r�� �oairvey May 5, 1967 �
<br />' � all oE which property the undersigned as a ent for the owner has this da so(d to the bu er for th f
<br />�
<br />� g � y y e sum o ,<:
<br />.......�3��h'�:� lhau�and arad---- _ _ 1,�8 (�$Q,Q.RQ.�AQ....) DOLLARS, .°' ,
<br />_..,-,.,�...—�,..�.�..��.�...�..�, �
<br />which tf;e Luyer agrees to pay in the following manner:
<br />Earnest money herein paid Sa.��AOaOQ .... and �..`��.�OQLi.e06� .., cash on or before vlo�ing....det0 . .......................................... ''
<br />,:,
<br />Th3.� ogfer ie contin�ent oa� the follo�ing: ', z
<br />� �:
<br />l. Btity�r obt�ining �onir� er�d buil.ding pe�ymite bg June 6y �96$ the clos3� detc�Y
<br />�.
<br />2. The �1A000.00 earn��t man�� is or wili no� be r�f�ixid�ble�
<br />, .-a
<br />Jd
<br />, ;�
<br />.:,
<br />, �:
<br />.. . . " ] -... , .. ...:�...+P
<br />1 `
<br />` . ., � � , ,� ����
<br />1
<br />�i.
<br />� _ �:.
<br />SuSject ro performance by the buyer the seller agrees to execute and deliver a....._. .. ... .........y _��'� � :...g ..........�:...�'.--�'�arranty D�ed i;;
<br />(to be joined in by spouse, if any) conveying marketaulc Ude to said premises sub�ect onl to the foliowin exce i s: i
<br />{u Buildin� and zoning laws, ordinances, 5�1te and Federal regulations. �.
<br />(b Restricuons relating eo use or �mprovement of premises not subject ro unteleased forfeiture. ;;
<br />_(c Reservauon of any minerals or meneral rights to chc Shate nf Minnesota. .<'
<br />d Utilitq easemrnts. � �*a
<br />�(e Rights of tena�ts as follows: (unless specihed, not subject to tenancies). „�
<br />., The �uyer shall pa� the real estate taxes due in the year 19.–��. and any unpaid insta]lments of special assessments payabte there�ith and
<br />t�tiercafter.
<br />��� The seller Further agrees to deliver possession not latec than.G.�.9.&�.D.� .(38�@ .......................... Provided that all the condidons of this ��;,
<br />ugteem�at have been complird with, Unless othernise speci6ed this sale shall be closed on or before 60 days from the date hereof. �
<br />In the event this property is destroycd or substantialiy damaged by hre or any other cause beEore ehr closing date, this agreement
<br />. shall become null and void, at the purchaser's option, and all monies paicl hcreunder shall be refunded to him.
<br />` The buyer and se!!er also mutually agree that pro raea adjust� nts pf rent interest, insuranie and city water (and in the case of
<br />income properry current operating expenses) shall be made as of..__ ..._C.l�.QB].Il�...�.�t8 _._......._. _..._ . ...... .........................................___._........._.....
<br />Th: seller shall, within a reasonable time after approval of [his agreement, furnish an ahstract of title certified to date (or a Certificate
<br />, of Title and t�egi�tered Pro perty Abstract) both slso to include proper searches eovering bankruptcies, and State and Federal judgments
<br />and litns. The buyer shall be ailon•ed 10 days aftec receipt thereof for examination �f said title and th� making of aay objections thereto,
<br />said objectior_s ro be made in writing or deemed to be waived. If any objections are so made the seller shall be allowed 120 days to malce
<br />such title marketable. Pending correctioa of tide ttte paymrnts hereunder required shafl be postponed, but upon correction of dtle and
<br />_'• ��ithin 10 days nfter «�ritten notice, the buyer shall perfiorm this a�reement according to its terms.
<br />If said title is not marketable and is not ntade so within 1?0 days from the dare of written objections thereto as above provided,
<br />' �° 'this agreee�rent shall be void, and neither priocipal shali be liable for damages hereunder ta the other principal and all money theretofote
<br />r p�id by the buyrr shall be refunded; but if the ticle to said property bc found markecable, ur be so made a•ichin said time, and said buper
<br />� shsll defiault in any of the agrrrments and continue in default fot a prriod of 10 da}•s, then and in that case the seller may terminate this
<br />conustt, and on such tern�ination all the payments made upon this contract shall be retaine�' by said seller and said agent, as their respec-
<br />' U�•e interests may appear, as liquidaced d:unaGes, time being of the essence hereof; but this provision shall not deprive either party of the
<br />risht oE rnforcing thr sprcihc performance of this contra�-t provided such co�tract shall not be terminated as aforesaid, and provided adeon
<br />ro enforce such specific performanie shaJl be commenced a•ithin six months after such right of action shall arise.
<br />� It is undtrstooci and agreed that this szle is made subject to the appro�al by the owner of said premises, in writing which approv�l
<br />a�ene h�____..._.. .. 5... __ 4sy� co obcain, and that the undenignsd agent is in no manner 1ia51e or responsibfe on account oE this agree-
<br />ment, e+ccept to retura or aciount for the earnest money paid under this cantract.
<br />� � The delivery of all papers and monies shall b� made at the ofFice
<br />� of 1�70 Inglne�n Rd e St e Feul � MiY1n '
<br />m
<br />I, the undersigned, owner of the abo�•e lanci, do hereby ap-
<br />pror•e che above agrecment and the sak thereby made.
<br />/� 1 , . ,
<br />,�}�-'^ . , n % r
<br />. t 1 o�/�/i/ � / � � l� � �>• j/
<br />.L'c.� , r �._ c.1 c .�.�-� <
<br />.._._;r,...____.._...-.---._��___... . . . __ �sEAL)
<br />Seller
<br />� �-"' ! � ' /
<br />' �' - - -----. . . - --
<br />1 f._ � �" � _ _ _ _.. . � SEAL )
<br />. Se1.er
<br />�—_ _ _ .. -- --.._ _.._
<br />� i
<br />a
<br />;
<br />=
<br />By .. . . ......_..._ ...__......._---As�t
<br />I hereby aFree u purchase the said properry or the price and {
<br />upon ehe �n�s ��•e mentioned, and, subject to all con�itions h
<br />herein e�r�sed�� y7 A 'x
<br />_._ _. . �.! _` _ _ .__ ....
<br />Bul'zt'
<br />--. ..- – - -
<br />_ _.._ ..
<br />Buyer
<br />__ ( SEAL )
<br />( SEAL )
<br />
|