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<br />REALTOR(!)
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<br />\COMMERCIAL - INDUSTRIAL
<br />PURCHASE AGREEMENT
<br />
<br />FORM APPROVED BY GREATER MINNE;APOLIS AREA BOARD OF REALTORS@
<br />(FEBRUARY, 1973)
<br />
<br />NOH nriqhton,
<br />
<br />, Minn.
<br />
<br />H<irch 24 19"!l.-
<br />
<br />RECEIVED~W
<br />the sum of.
<br />
<br />R. c. E. CORPORATION
<br />
<br />i .DOLLARS
<br />as earnest money and in part payment for the purchase of property
<br />
<br />Chnck
<br />(Check, Cash or Note-State Which)
<br />at f>ilvcr Lnkn Tholld r. County
<br />
<br />County of Rnr.\Scy
<br />
<br />Road E.. Ho,"' Brighton
<br />
<br />situated in the
<br />
<br />Stat~ of Minnesota, and legally described as follows, to-wit:
<br />
<br />.'
<br />
<br />I.cgal to Govern.
<br />
<br />1\pprox. 9.63 acres, idcntifiodas.Pl~t.03000,Pnrcolc0207a, 14070, 07070
<br />
<br />I
<br />
<br />t
<br />
<br />1-
<br />
<br />--~~'btrMl~}1.w':r: ."l,~~CLr: ~...~~,~w~JdaO~:"l.. -....l~~'lfl\J\!tt~~~'.rrNA^'ftn,"'ft1'\.II~Wft:rtlU'lY'fhW~..lftI~_......4. _.....-'~
<br />ffierewithand .tbereafter~ except:6therWise provided hereiii':: . , , "
<br />Seller covenants that buildings, if any, are entirely within the boundary lines of the property and agrees to remove all personal ' '
<br />property not included herein and all debris from the premi ses prior to possession date. :
<br />
<br />The seller further agrees to deliver possession on D:l,tc of Clor.ing provided that all conditions of this
<br />agreement have been complied with.
<br />In the event this property is destroyed or substantially damaged by fire or any other cause before the closing date, this agree-
<br />ment shall 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 mutuaIiy agree that pro rata adjustments of rents, interest, insurance, utilities and any other operating
<br />
<br />expenses, shall be made as of I T"'"1t~ of CJ.o~in<J
<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 and to include proper searches covering bankruptcies, and State and Federal judgement and liens. The buyer
<br />shall be allowed 10 days after receipt thereof for examination of said title and the making of any objections thereto, said objections
<br />to be made in writing or deemed to be waived. If any objections are so made the seller shall be allowed 120 days to make such title
<br />marketable. Pending correction of title the payments hereunder required shall be postponed, but upon correction of title and within 10
<br />days after written notice 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 provided, this
<br />agreement shall be null and void, and neither principal shall be liable for damages hereunder to the other principal. All money there-
<br />tofore paid by the buyer shall be refunded. If the title to said property be found marketable or be so made within said time, and said
<br />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 ter-
<br />minate this contract and on such termination all the payments made upon this contract shall be retained by said seller and said agent,
<br />as their respective interests may appear, as liquidated damages, time being of the essence hereof. This provision shall not deprive
<br />either party of the right of enforcing the specific performance of this contract provided such contract shall not be tenninated as afore-
<br />said, and provided action to enforce such specific perfonnance shall be commenced within six months after such right of action shall
<br />arise.
<br />It is understood and agreed that this sale is made subject to the approval by the owner of said premises in writing and that the
<br />undersigned agent is in no manner liable or responsible on account of this agreement, except to return or account for the earnest money
<br />paid under this contract.
<br />
<br />. It is understood that seller/buyer has ':\:m (lO)days to accept the terms and conditions of this purchase agreement.
<br />The delivery of all papers and monies shall be made at the office of: ':lIE SFIU!7G Cm~P1\i;Y
<br />
<br />I, the undersigned, owner of the above property, do hereby
<br />approve the above agreement and the sale thereby made.
<br />
<br />
<br />
<br />f!jaJ,Ji KJj~
<br />
<br />Se lie, ~ .,.. ~
<br />
<br />'>J1~' .~ fJA~eJJ (SEAL)
<br />5e lie, J I
<br />
<br />By
<br />
<br />() ">' "It. - "
<br />"!If.I l ,(J<" /.;' /'2.'/
<br />
<br />__Agent
<br />
<br />(SEAL)
<br />
<br />I hereby agree to purchase the said propertyforthe price and
<br />upon the terms above mentioned and subject to all conditions here.
<br />~xpressed. _
<br />
<br />be. E , C ZJ l.@ l) /c. )4- 71 () ;V(SEAL)
<br />Buye, ~ / f)
<br />'1J- L (~--v-.--L.?.:! '" , (SEAL)
<br />
<br />B e,
<br />
<br />THIS IS A LEGALLY BINDING CONTRACT. IF NOT UNDERSTOOD, SEEK COMPETENT ADVICE.
<br />
<br />Form MLS. 114
<br />
<br />.....-~_.._----.~'"-....,~-,_.~_...._._~-_....---_......._.. .---. -.__. . .. ~.. .,.. -..---....--- .....-~.. ~ '-'~-"- .-- _...__..._.-----~.._._._...__.---.~...-'..'-'- ----,,_.-~
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