|
•---- MU E COMPANY REAL ESTA
<br />WHITE -Off Ice Copy
<br />152679Fatid Avenue YELLOW . Buyer's Copy
<br />PINK • Seller's Copy
<br />St. f au4, Minnesota 55105 612-690-5551 GOLD • Buyer's Mecetpt
<br />PURCHASE AGREEMENT
<br />REACTOR' FORM APPROVI(D BY MINNKSOTA ABSOCIATION OF REALTORS
<br />inaviaco ,►ui.Y, 1e7e1
<br />S1. Paul, Minn ............... I ch.......c> .
<br />...... I.............. 19....89
<br />RECEIVED OF ......... Carr[n�rs-ICl4d1r.. Cld/.0..amsigris........................................................................................
<br />the sum of FIVE TIKXJS IND..?NO. /1, Q. -....- — — -,•—.....•. $.5,,00.0...00...... ) DOLLARS
<br />Nn 0 , ,(
<br />�ccepi✓ance ..by ..Seller)''.'.
<br />Check (not to be deposited„ ..... )... as earnest money and in part payment for the purchase of property at
<br />(Check. Cuh, to tx depoalted upon acceptance, or Note — State Which)
<br />2.5..�...WeS.t..Go.Lastly...Rcoaci.C,...F?05.e)l..1.e.................................................................................. situate in the
<br />County of ........ Pamsell...................................................... State of Minnesota, and legally described as follows, to -wit:
<br />The South 750 feet of the East 167.71 feet of the West 9 acres of the I^N of the
<br />SWQ of the SW,- of Section 5, Township 29, Range 23, Ramsey County, Minnesota;
<br />subject to County Road C. (See attached Exhibit A.)
<br />including all garden bulbs, plants, shrubs and trees, all storm sash, storm doors, detachable vestibules, screens, awnings, window
<br />shades, blinds (including venetian blinds), curtain rods, traverse rods, drapery rods, lighting hxtures and bulbs, plumbing
<br />futures, hot water tanks and heating plant (with any burners, tanks, stokers and other equipment used in connection there.
<br />with), water softener and liquid gas tank and controls (if the property of seller), sump pump, television antenna, inciner-
<br />ator, built-in dishwasher, garbage disposal, ovens, cook top stoves and central air conditioning equipment, if any, used and
<br />located on said premises,'
<br />l/
<br />A of which property the tutdersianed has thic rlav er,l.l►�-
<br />-- .. LAL t_ , rCtCUl .
<br />Guardian's Probate *y?R. Deed
<br />Subject to performance by the buyer the seller agrees to execute and deliver a..................................................................
<br />conveying marketable title to said premises subject only to the following exceptions:
<br />(a) Building and zoning laws, ordinances, State acid Federal regulations.
<br />(b) Restrictions relating to use or improvement of premises without effective forfeiture provision.
<br />(e) Reservation of any minerals or mineral rights to the State of Minnesota.
<br />(d) Utility anti drainage easements which do not interefere with present improvements.
<br />(e) Rights of tenants as follows: (unless specified, not subject to Gn ancies)
<br />The buyer shall pay the teal estate taxes due in the year 19 .. .., and any unpaid installments of special assessments
<br />payable thficatith
<br />and thereafter. Seller warrants that real estate taxes due in the year 19 85.. will be .............. I...no ........••••• • •• ••
<br />homeead (full, partial or non homestead —state which)
<br />Neither the seller nor the seller's agent make any representation of warranty whatsoever concerning the amount of real estate taxes
<br />which shall be 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
<br />not included herein and all debris from the premises prior to,possession date.
<br />���`�
<br />7 Vt VA
<br />The seller further agrees to deliver possession not later than.... date .of .c10Sln provided that all conditions oft is
<br />agreement have been complied with. Unless otherwise specified this sale shall be closed on or before 60 days from the date hereof.
<br />In the event this property is destroyed or substantially damaged by fire or any other cause before the closing date, this agreement shall
<br />become null and void, at the purchaser's option, and all monies paid hereunder shall be refunded to him.
<br />The buyer and seller also mutually agree that pro rats adjustments of rents, interest, insurance and city water, and, in the case of
<br />income property, current operating expenses, shall be made as of ......date •••Of•.•elOsing••••••••••••••••••......•;•'•"•••••""•"'•"';'• " ......
<br />The seller shall, within a reasonable time after approval of this agreement, furnish an abstract of title, or a Registered Property
<br />Abstract certified to date to include proper searches covering bankruptcies, and State and Federal judgments and liens. The buyer stall be
<br />allowed 10 da}s after receipt thereof for examination of said title and the making of in objections thereto, said objections to be made in
<br />writing or deemed to be waived. If any objections are so made the seller shall be allowed 120 days to make such title marketable. Pending
<br />correction of title the payments hereunder required shall be postponed, but upon correction of title and within 10 days after written notice
<br />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
<br />agreement shall be null and void, at option of the buyer, and neither principal shall be liable for damages hereunder to the other principal.
<br />All money theretofore paid by the buyer shall be refunded. If the title to said property be found marketable or be so made within said time,
<br />and said buyer shall default in any of the agreements and continue in default for a period of 10 days, then and in that case the seller may
<br />terminate this contract and on su,h termination all the payments made upon this contract shall be retained by said seller and said agent, as
<br />their respective interests may appeal, as liquidated damages, time being of the essence hereof. This provision shall not deprive either party of
<br />the right of enforcing the specific rcrforniance of this contract provided such contract shall not be terminated as aforesaid, and provided action
<br />to enforce such specific i crformance shall be commenced within six months after such right of action shall arise.
<br />it is utiderstood and agreed that this sale is made subject to the approval by the owner of said premises in writing and that the under•
<br />signed agent is in no manner liable or responsible on account of this agreement, except to return or account for the earnest money paid under
<br />this contract.
<br />The delivery of all papers and monies shall be made at the office of: MUSKE CCMPAh1Y, INC.
<br />1, the undersigned, owner of the above land, do hereby approve
<br />the above agreement and the sale thereby made.
<br />ESTA OF FO `'T R. a�V 60N
<br />:....::1�! :2.. !.!,......6,.........! '!." (SEAL)
<br />Sauer
<br />For First Trust Company of Saint Paul,
<br />Guardi-an............................................................I (SEAL)
<br />Seller
<br />B��} "� Agent
<br />)�g_..�r..M. Ro ..er
<br />I hereby agrecp purchase the said property for the price and
<br />upon tic rms ve m ntioned, and ublect to all conditions
<br />herein exp sled. i
<br />1.1 .
<br />C . ... . .................................... (SEAL)
<br />Paul K txlt
<br />Bu r
<br />........................................................................................ (SEAL)
<br />Buyer
<br />MAR - 825 11
<br />THIS IS A LEGALLY BINDING CONTRACT, IF NOT UNDERSTOOD, SEEK COMPETENT ADVICE.
<br />
|