|
<br />
<br />
<br />.\~~~~~,:'Cc;:",~~~,~"-~,~~~;~-"'7" ..
<br />., -..,.-'" '. ,-.'" .- "''-''';''
<br />,_.-_ '0.,.,
<br />
<br />~,c'_~:.+.........j ~
<br />
<br />r:~'-:-::~-----"-'~'-'-~~'~
<br />
<br />W~ffteeCop,.
<br />7ELLOW-Buyer.s Copy
<br />GREEN-SeUer'. Co~.
<br />PINK-Bu.er'. Roe.lllt
<br />
<br />
<br />-.
<br />
<br />
<br />'r
<br />
<br />
<br />
<br />"
<br />
<br />N", l617\4
<br />HILLER-DAVIS CO.
<br />MlnneapoUs
<br />
<br />PURCHASE AGREEMENT'
<br />
<br />.:..-" :, :.....,..'.
<br />
<br />
<br />........,......,..,..,.......' ",..."..........;:.,Minn.. ,..,'....""..,...,........;...,.....",.."""... 19TI...
<br />
<br />.,
<br />RECEIVED OF ",IUcbard"P..."WJckte.."Marlyn.,L."Goodmanson;,and,.oaryle,n:."G:xxlmanson" "",..;"",
<br />
<br />the sum af....,CNE..BtJNDRE:D..........,..,............;......"..,.... ...........:, ..".. ............................($.,1.00..00.......) OOU.ARS
<br />
<br />..'...,......, (bedc...................;...............................as earnest money and in part payment far the purchase .of prapetty at
<br />(Check, Cuh or NQte - State Which) , . '- .-:-<.- '~- ":>'-_::--:_:/":_~:_,~.-';_:::-'_' .....:,,:.-::<-~::" i ,: ..':: __'_. _ _. .: . -':' ~:_':_~__:_,::
<br />., ,.581, ,..." 8th. ,Avenue., N.W...,.. old.. Bighway.. 8". ,New..Brlghtan,:":C",, .".. ,., ,.u.',.., ,..:"",.. ." ..." .situated i? the
<br />
<br />County af.........BalIJsey..................................................... State .of Minnesota; and legally described as fallaws, ta-wit:
<br />North 120 feet of South 700 feet of West 260 feet of.~ 1/4ofNort:heast 1/4,
<br />Section 29, Township 30, R:m;Je 23, Ramsey Coonty,~;Subjectto Countylbld
<br />77 an] aa.semmts of xeoord. .' ..<.<: . ". . '
<br />including all garden bulbs, plants, shrubs and trees,all starm sash, starm doors, detachable vestibules, screens, awnings, windaw
<br />shades, blinds (including venetian blinds), curtain rods, rraverse rads, draperyrads, lighting fixrures and bulbs, plumbing
<br />fixtures, hat water tanks and heating plant (with'any burners, tanks, stokers and. other equipmenttised in cannectian there-
<br />with), water saftener and liquid gas tank and cantrals (if the prapetty of seller). sump pump, television antenna, inciner-
<br />ator, built-in dishwasher, garbage disposal, .ovens, cook top staves and central aircondidoning equipment, if any,' used and
<br />located on said premises and including alsa the fallawing persanal prOperty: ... .... ,>
<br />
<br />
<br />all .of which praperty the undersigned has this day sold ta the buyer for the sum .of:
<br />
<br />Eighteen , 'lb1usand, . ani, .No/lOO,, .""". ",,'.' "..""..",.......,............,......,:............., ($18..000.00.".)
<br />
<br />which the buyer agrees to pay in.the fallowing manner: ,'..'C'..'::,;..iii'" . '. ....;;.
<br />
<br />Earnest money herein paid $..~oo.o,a...,.." and U,.900..,QO.....,cash,an.:L.:H2,i..............,..:;,.,.....;... the date .of clOsing.
<br />
<br />~ ba1anoe of $16,000.00 by buyers executing aPxclnisliOry N:*etO be secured ~ a
<br />
<br />purchase m:ney zrortgage \-AJ.eJ:ein buyers are to pay seller.the sum of $16,000.00 in.
<br />l1althly paynents of $200.00 per nnnth including pri.ncipaland interest at the rate
<br />of Eight (8%) per oent per annum on the unpaid balar.oewith the fi.J::st nonthly payment
<br />to l:e due the first m:mth after date of closing . and subSequent trOllthly paym:mts to be
<br />due on the same date of each and every ronth thereafter until Ziw years after date
<br />of closing at which tine the entire balance of principal and interest. shalll:e due
<br />1thich will represent a bil1loon payamt. Payxrents shall.apply first upon 'interest and
<br />the balance theJ':eOf upon prin:;ipal. Buyers shall have.the. privilege of p~payment.
<br />of all or any portion thereof without penalty. Buyers shall have the privilege of
<br />detnl.ish.inq the current structure upon the premises aOO of t..'leconstruction of a
<br />
<br />(Omtinue an reverse side) .
<br />Subject to performance by the buyer rhe sellet agrees to execute and deliver a ...........",;c,..,c..."'"............."........,.........",......... .., Warranty Deed
<br />(to be joined in by spOuse, if any), conveying marketable tide to said premises subject only to the following exceptions:
<br />(a) Building and zoning' laws, ordinances. State and Federal regulations.
<br />(b) Restrictions relating to use or improvement of premises without effective forfeiture provisiori~
<br />(c) Reservation of any minerals or mineral rightS to the State ,of Minnesota.
<br />(d) Utility and drainage easements which do not interfere with present improvements.'.: - -"-'>
<br /><e) Rights of tenants as follows: (unless spe<:ified, not subiecr to tenancies)',"
<br />The buyer shall pay the teal estate raxes due in the yeat 19 ..1R.. .and any unpaid installments of special assessments payable therewith
<br />and thereaftet. Seller warrants that real estate taxes due in the year I~ ..7.8" will be ......~.................................... homestead classificati"n
<br />, < full, partial or non.homestead - state which)
<br />Neither the seller nor the sellec.s agent make any representation or warrantY whatsoever concerning' the amount of_ real estate taxes
<br />which shall be assessed against the ptoperty subsequent to the dace o{ 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 hetein and all debris from the premises prior to possession date, SELLER WARRANTS ALL APPLIANCES, HEATING,AIR
<br />CONDITIONING, WIRING AND PLUMBING USED AND LOCATED ON SAID PREMISES ARE IN PROPER WORKING ORDER
<br />AT DATE OF CLOSING.
<br />The seller further agrees to deliver pOssession not later than ..............._................._~;,;.-._:...:.:.............providedthat all. conditions of this
<br />agteement have been c"mplied 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 desttoyed or substantially damaged by fire or any other cause before the closing date, this agteement shall
<br />be'come 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 rata adjustments of rents', .interest, insurance aJ1d city water, and, in the case of
<br />income property; current operating expenses, shall be made as of ..........................,......~....;--.......:.',~;:..;........................................................n..;...~.
<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 shall be
<br />allowed 10 days after receipt thereof for examination of said title and rhe making of any' 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 ritle marketable. Pending
<br />correction of title the payments hereunder required shall be postponed, but upon correction oEtide and withinlOdays 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 prjncipal shall be liable fot damages hereundet m the other principal.
<br />All money thetemfote paid by the buyet shall be tefunded, If the title to Sald property be found matketable Ot be so made within said time,
<br />and said buyer shall default in any of the agteements and continue in default ~or a period of 10 days,. then and in that case the seller may
<br />terminate :this contract and on such termination all the payments made upon thiS contract:shall_~ereta~ned by said seller and said agent, as
<br />their respective interests may appear, as liquidated damages, time being of the essence hereof. ThiS .provlsion - shall not deprive-either- party of.
<br />the right of enforcing the specific performance of this contract provided such contract shall nOC be terminated as aforesaid, and provided action
<br />to enforce such specific performance shall be commenced within six months after such right of action shall 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 under.
<br />signed- agent is in no manner liable or respons.ible on accou~t of this_ agreemeI,lt, e~cept.:to ~tutn or-accoun~ .for, the earnest money paid . under
<br />this contract~ ' . _''--.'.C.,. .'.:-;"'~.,~ n . "-- ~ '- 'r' . ~'.. ~.
<br />
<br />The delivery Of all paper< and monieS shall be made at th~office of: " ,..;~,;.-::,?:;;...;~:;s::..;;.;'..;..~::,::..:..:-;;:...~~:::..:;:~,0?;:;..:..:.c........,..
<br />
<br />............ :..~'.... ;........ ."... ~:..~::............:...................................: :I~.
<br />
<br /><.'p_~:.... r;0;.;;(.~;.:,~..-.X;;.: '.J-"_j .;.;:~-r;-~~:, :_~~;J+=
<br />
<br />1'.- ..' . '.- _'._' ".'-. ._ .":1
<br />r, the 'undersigned, owner of the above land, do'hereby approve
<br />the above agreement and the sale thereby made.
<br />
<br />By ,..,...., ........................;...,....... ............ ..., ..,... ..................,.......Asenr
<br />
<br />I hereby agree ro purchase the said ptoperty for the price and
<br />upon the terms above_ mentioned, and subject - to. all conditions
<br />hetein expressed. .
<br />
<br />...............................................,""'.. ..,. ",.............................." < SEAL)
<br />Seller
<br />
<br />""".,.............,..,.........,........"..",'.." ",;,..............;........c,...".." < SEAL)
<br />BU~l ,
<br />
<br />....""'......................"'.......,....""~ii~~ """,...............,.....,..,,' (SEAL)
<br />
<br />".""',...,......,.,......~...................,'" ",..,.;.."....................,........,. (SEAL)
<br />Buvet
<br />
<br />
|