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ADDENDUM TO PURCHASE AGREEMENT,
COUNTEROFFER
Thho fDrm q)p(ovorj by tna Minnnsotv Asgoc;,Won of RE-ALTORSV,
which disclalms ary rl-,69uty aftog oiit cif 1190 Or misuse Or tWs form,
V 2017 Kmo,, WA Assoclalloji of REALTORS", r-.dina, MN
3. Addendum tc) Purchase Anreement between parties, dated
4 pertaining to the pUrchase and sale of the PrOporty located at
Data 0,? 017
Page I
December 20 :Ili .
4827 Unive.ra,ipv
Mx
6. This CounteroMit does not include the torms or condItIons In ally previous Counteroffer(s),
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The Porchase Agreement is iejectGd and the following Counteroffer i, hereby made. A] terms and nd t ions rerna inthesame, as stated hi the Purchase Agrw,norrt, except tfjo fo lowjrg:
Select appropriate oplanges from on"ginal cfk-r)
X SW9 price shM be $ —_ .............
Earnesf nioney shaft be a total of $ . . . ........
Cash ct at Paast percent (%) of the salo price, which includes the earnest money; PLUS;
Flrancrg, the total amount secured against the Property to fund the purchase, not to excMed
peasant (%) of the .,ales price,
Ciosinq date Shali bC Sth W) 18
El Seller agrees ID romplele alf' Ff•1/VLondor reqWred repairs, not to exceed $
Seller shall pay Buyer's ciosinq costs, prc4 a 9pails, in Li r ric and
not to exceed
MNAPAL (6/ 17)
i1;2
ri,A-n ONLY THE FINAL COUNTEROPP5154 ADDIED DIJIVI TO THE PUR CWASE AGREEMENT,
THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER($) AND SELLER($),
IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL.
Insfanet, :v",
PURCHASEAGREsIVIENTfillsformamrovedbyftMilincis" MeWealmj of nl!A 70PSll, Wljsh d cWi ia an ' y NbRity araing of Iaaf) or rMj,$L,T30 cif his roj M02011MinnosotaAogociatillOh0rIIFALTOR891, rMha, MN
Dale 7
I. HUYER (S): a iiirht.
Z Page I
a
4
80YOr's earnest money III 0)Q annount
Do4arg ($
7. sha0bo delivered tollisting broker, of If charked,to Zy no later 1heil) two (2) Buslrl8ssrRafnestm5oy8, Days after Rnal Accleptaoce Data of thfs PUrchase Agree wont. Buyer and Wier ag*r'9-o' that earnes mcnoy shall be9, depos4ed in the trust accou)t of E_,arnasl three10, of the earnest money or FInal AcceptanceMOI16y Balder a& $PGC'ffl0d above within re8 (9) Bus neqs Days of r000lptDatoo this Purchase Agreement, whichever Is later, 11, Said earnest money is part payment fOI' the purchase of ft property looatod at12, Street Address,
13' City of COLIflly Of Anoka
14. State of Mkl"Osota, legally descrIbod as
15 LOT 22 & S 112 OF' LOT 23 BtooX 20 ROSLYN PARK, EX RD SUR, TO EASZ OF lk%C16. Said purchase shall lnclude III tmprQv0mon1,r,, fixtures, and appurton,t%ps on the PIOP'ortY, If any, InGlUding bUl [lot17, Ilmlled to, the fojfow r)g (OO,Ito0tivWY the `Piopf)rIy";I: garden b0lb% Plants, shrubs, trees, rind lawn watering system, 18, shed; storm sa6h, storm doors, screens, and awnlngs; window shades, bvitainds; tiave so, CLII'Wn, and drapery19, rods, valanoos, drapes, curtains, window oove rinos, and treatrnonts, towel rods; ohod'
r
fightingi and bulbs; fan fixturos20, plurn Nng fIXILITOs; garbage disposal 9 ; water softener; wator treatmont syeto : at , 21, rn W 01 hoR!" exchange sYstom environmentat remodialtDII Wste!m (e.g., radon, vapor intrusion); systems' )' eat! ngsys18m$
sLirini) Puml); TV aritennWcable22, TV jacks Rod wlrlr)g/"rV wall mounts; wall/00019-mDurtod speakers and rrounts; 0,9rPet,ng, niirrora; garage door23. Openers and all controls; smoke dotoctcj*a firieplo-,e soreena, door, and hea0lators; BUILT-INS, dishwashers; refrigoriftrs; 24, Mne/bavorage refrigerators; trash cornprtcto ls; Over)% cook-top stoves; warming drawors; Mlcrowavu Ovens; hood fans; 25, 81)0fvirg„ work benches; Intercorrs; speakers; aIr oondiltIQWng eqUipMent', 0100trOA10 DI(flitor; humldlfloffdehunilW*; 26, 1aqUid fuoi tanks (and controls); pool/spa GqLjfpr cant; prdpanP Irv* (and controls);socuritysyslqrn oqWlprneni:jV sataBlake21dish; AND the following personal property shall be transferred with no additional monattiry value, and free and dear28, of all Icons and snoumbrarices!
29,
X NotwOhstandrnq the, foregoing, leased fixtures are not I?IGIUdocl, 1, Notwljhstaradjnq the fora going, IhO fOROW119 Item( s) are excluded from thie purchase;
32,
33 8CtjAS1E ERICF.
84. Seller has car rood to sell the PropOrtY to Buyer for the sIlm of ODO,
35. Thus,. sand36. which Buyerera reps to Pay it' it's fbilcWing manner, Dolfars,
37, 1, pc POM0111 N Of the Salo prico In CASH, or more j i B(Aye["S Bole dlscrutjo i, which inQIttd,se, the3e. nioney; earnQat
39, 2, percent (%) of the sale price In MORTGAGE RNANCING, (See following Moirigage Financing seetbn,) 40 3, percent M) Of the safe price by ASSUMING Seller's current morigage, (800 attached Addondtim to, 41, Pox ase AgrOMOW,A $5ump (ton Financing,)
42, 4, -__ percent (%) of the sago price by CONTFIACT FOR DEED, (Sao attachod AddoncIVIT) to pltarchase43, Agreemonf., COnfr4ct for Deed Finoncing,)
44, K9
45, The daloOf Closing shall be _a, or
NIWPA WIT,
InsfanefFORK
PUACHASE AGREEMENT
46. Paqe 2 Date
47, Proporty lC)Catod at 48.27 UnAvqraiA:V Ave Nz Columbia
48, M-QRT-OAG-E RNAN-UNQ : 41 This Purchase Agreement QS 7K1 IS NOT subjeot to tho mortgage finarcing provicions bqlovv, if is, co1nplota the
60. MOSITGAGE FINANCING seectlon Lx llol If IS NOT, proceed to (file 85LLER'S CONTRIBUTIONS TO BUYER"',; 51, cosm section,
52. S00h mortgage flnao6ng shall bo (Check 0(,,0,)
5' , C] FIRST MORTGAcrz only Ej r-inS'T MOATGAGE AND SUBORDINAT5 FINANCING,
64, Buyer shall appiy for !and secure, at BLIyOr'S eXpenao, a; (Check all that opplil56, DCONVENTIONAL
56, DEPARTMENT OF VETERAN$' AFFAIRS ("DVA") GUAFIANTESO
57 FEDERAL HOUSING ADMINISTRATION ("r-FIA") INSURED
58, E] N411NNESOTA HOUSING FINANCE AGENCY ("Ml
I PnIVATELY INSURED CONVEN-rioNAL
610, F ED STATES DEPARTMENT OF AGRICULTURE ("USDA") RURAL DEVEi-OPmr-ENT
VNITF
61, 01"IIER -- --
62, mortgago in the RMOLInt stated 'Irl this Purchase Agreement, amortized over a period of not more than __,
63 years, with an iritl0l interest raie at no more peroont (%) per annum, The mortgage application IS TO64. BE MADE WITHM FIVE (5) BUSINESS DAYS after the rlriai Accepl (Date of this Purchase Agreement, BuyerCS. agrees W use best efforts to 8601.fro a comriliftaint for such flnnrcing and to execlite all doCUMOntS required to65, consummate sold finandnig,
81. -earnant its: conlingent upor the following and appliesQENqy.,'I'hIa PurchL so Agi
68. 10 the first mortgage and any it ibcYdinOe flnfr,ncinq. (Chock one,)
69, [-] If Buyer cannot secure the financing spsl In trills Purohnae Agreement, and this Purchase Agreamentdoes no70, close on the closing date specifled, this Purchase Agreement is canceled, Buyer and Seller shall Immediately71. aIgna Carliceflation rfPti(c0igseAgrOemelitconflrming Bald cancellation anddiracting all earnestmoney paid hereto be72. REFUNDEDTO BUYER7 FORKITEDTO, SFLLC-R,
73. NOTE: lt bads PurchaaeAgreerneniisiubjed, to IDVAcirFi4Afinanclng,FOHFEITEDTOSELLEri Maybe prohiblttsd. 74, See the following DVA and FHA Escape Olausas,
75, L] Buyer shiall provide Seller, or licensee rel'.)resenting or nssisting Seller, with tho Written Slaternent, oil,
76, or before 20 _,
77, For purposes of this Contingency, "Written Statement" means a Written Statement prepared by Buyer'., rrol78. originafor(s) or lender(,q) after the Mnal Aoceptance Date that Sqer is approved for the loan(s) speolfed in this79, Purchase Agrollarnent, including both the first mortgage and any subord nato financing, If any, and stating that an80 appraisal, satisfaclory to lha lender(s), has been completed and stating covditlDns rectulrod by onder(s) to close81, the loan,
82. Upoii doilvery of the WrItten Statement to Seiler, or licensee l'opresenting or assistIng Seller, the obilgation for63, 8aflslylng all condIllona required by mortgage odVinator(a) or londer(s), except thoso cond1flotis eperitied I)slow, 64 are doorned accepted by Boyer
85, (a) work ordera agreed to be completod by Seiler;
K (b) any other financing terms agreed to be completed by Seller hero; and87. (o) any oontingency for the sale and olctslng of Buyer's Property purskiant to this Purchase Agreement,
88. Upon doilvary of 111,o Written Staternent, if this Purchase Agreement does not close on the staled closing date for89, ArN11Y REASON relating to financing, including, but not limited to Worest rate and discount pDh)tg, if any, then Seller, 910, moy, at Seller's option, decfare this Purchase Agreement canceled. In whloh case this Purchase Agreement is91, canceled, if Seller d1l this Purchase Agreement canceled, Buyer and Seiler shall Inimediately sign a92. CanCe&ztlon of PurchaseAgreementoonfirrining sapid cancellation and directing all earnest money lbald hare to be93, forWled to 8ellor as hquIdaliad damages. In the alternative, Solier may seek all other romedlee allowed by law. WRA-2 (6117)
InsioneffoRm's
PURCHASE AGREEMENT
911. PagrJ <3 C) a to 12 / 0112, 1i
9r5, Pro Porty locztied at ....482? -Vn J-0-ra -Itv-Av-9 NO calwT4>ia rte F W4 55421
96, Notwithstanding the kv)guage In the pretceding paragraph, Seller may riot declare this Purchase Agmerriont cancelL.)(197, Ef the reason th]a; Purchase Agveomonl does not clo5o was due lo r98, (a) Seil,w's fallureto complete Work orders to the axtent required by this Purchase Aqroernent; 90. (b) Seller's (allure to complete any other flineincling terms agreed to be oornpleled by Seller here; or100, (G) any contlnc envy far tha sale and oiosinq of Buyer's property pursuant to this PLurchase Agreement, excal as101, specified in the oonllnDanoy for salo avid closing of Buyer's property.
102, it the Written Stalermnt is not provided by the dalo specified Uri line 76, Seller may, at Seller's optlon, deolare this103. Flurchaso Agreement canceled by written r0tic9 10 BuYsir at any time prior to Seller r000lving the Written Statement, 104, in which case this Purchase Agreement is canceled, In the event Seller declares this Purchase Agreernent cancefold, 10'5'. Buyer and Seller shall immediately sign a 06170001(16r1 of Farr hrise Aproem8rt confirming said cancellation and106, ditecting all garnast Money paid hero to be refunded to Buyer.
107 If the Written Statement i* not provided, and Seiler lies not previously canceled this Purchase Agreement, this108, Purchase Agroemoni is canceled as of the closing date specified in this Purchase Agrooniont, Buyer and Soper109, aholl immodiately sign a Canvellai oI7 ofPuxhase Agreemontoonqrmlng said oancefication and directing all earnest110, nioncy paid tiore to bo refunded to Buyer.
I". LQC1! k-CFLNTO-95! -RAT-9XB-ATV.: The ll shall be locked with the tender('$) by Buyer: 11Z (Chook ant,.
113, E] WITHIN FIVE (5) BUSINESS DAYS OF FINAL ACCEPTANCE DATE OF TH'IS PURCHASE AQJ`IIEEMENT On
114 F AT ANY TIME PRIOR TO' CLOSING OR AS REQUIRED BY LENDER(S),
115, Nothing in this Purchase Agreement shall be oonstruod as a warranty110, that Seller shalt snake repairs required by the lender ccmm tment, However, Sailer qreos to Pay UP t0i
117. $ to make repairs as roqiulreo by tho leridorcorwrillment, If the landercommlirrent118. lGrAib OQt to any work or(Jel'9 for wl the cost of making sold repairs shall excalaid this amount, Seller shall have the119, 1`0 ng opfions;
120, (a) making the necessary repairs; or
121, (b) negotiating the coat of trol said repairs with Buyer; or
12Z (c) decdaring this Purchase Agreement cancell in which case this Purchase Agreement Is canceled, Buyer vild MorIlUshallimmediatelysignao(,Ptj(&)aqa Agroom ontconfIrrnIng sald cancellation and dlirocll all earnest124. money paid here to be refunded to Buyer, unless Buyer provides for payment of the cast of said repatrs or escrowf25. aniounts related thereto above ilia amount opecifled on line 117 of thl,,i Purchase Agreemoft
126. []SELLER, BUYER EgreOg to pay any ralrispection fee raqOred by Buyer's lender(s),
127• FELE _j -W ll _ Dj. &Uag, jE- a & " "It IS eXpr,39,91y agreed that, notNlthsiandiiio any othl provisiorjs128, of this contract, the purchaser sIj,)JJ riot be abilgatod to complete the Purchase of tile Property described here or to Incur
129, any penalty by f0fl0itUre Of OVnDSt Money deposits or otherwise, unless the purchaser has been giver in accordance
1310, w1th tlnc Department of I-lousirig and Urban Development ('HUD`)/l or DV4 roquiromonts a writton statement by the131, Federal Housing Commissioner, Department of Veterans Affairs, or a Olrect 5ndorsament tender setting forth the
132, appraised value of the Prol)e"IY as not less than $
Snia Price)
133, The purchaser shall have the privilege and option of proceecilng with consummation, of tho contract without ragp,,Lrd134, to the arr)OUM Of the apI)raj8e(j valuation, The appraised VDIUMICrI is arrived a, to determine Ilia maximum r)ertgRge135, MJD will Insure, HUD does not warrantthe Value nor Ilia condloon of tha Propert) The purchaser should sallsfy himself/ 136, herself that the price and condition of the Properly are accoptable,"
1 3T N2ER Y_A.-E!nAq-q ins Qntyl: Ulor agreos to Pay Buyer's closing peso avid
138, mlsoollaneous processing fees wNch carrot ba Charged to Buyer, notr to exceed $
139. This aMour)t is in addition to Sellie•'s Contributions to Buyer's Costs, It applloable,
MN PA-3 (8('17)
n8tcnefFoRm,s
PURCHASE AGREEMENT
140, 114 Cafe
141, Property located at 4927 ynivqx!jj )wo tn___ COlumbia Heights 55421
142, qVA-fVRQtNCj.E0 pyA_Fj0.qng4n9-w-1y* Pursuant to federal roguations, a cI Funding Fee must be paid148, at ti'm closing of this transaction as follows:
144, paid by Buyer [I AT CLOSING [I ADDHED TO MORTGAGE AMOUNT
145, by Sonar
146, NOTE: OVA regulations HnIft the f0oS and charges .Buyer call Pay to obtain a DVA loan,
147. 29EABIMN-T-0-F- YET9M.N AF-FA-1R-k-kVAE&.QI I :sE im IV' I ): "it I,,) expressly agroed (flat, 146, notw0standing any other provisions of this contract, the purchaser shall not 111CLIr any penally by forfeiture of ear -naryt14RmoneyorolierwisebeobligatedtoGOMPIOtSthePLUChRseofthe, Propcirty doTscrIbold here, if the conlract purchase
150, prloe or cost exceeds the reaaoiI valve of this Property 05tab4shed by the Department of Voterans'AffaIrs, The1631, purchaser shall, however, have the privilege and option of ProceodIng with the cons urorraflor of thi8 contract Aftout152. regard to the amount of reasonable value established by the Department of Veterans' Affairs '
15;3, NOTE, Verify OVA requirements relating to payment Of all special assessments levied and pending, and1511. annuM inatoftents Of special Asso-soments certified to yearly taxes,
156,
156,
157, -BUYI '-S --Q -qTa. Q -
155, Salvor DIS L91 IS NOT conirlbutIng to Boyers coots, Itanswar is IS, Seller agj eos to pay at closing, up to: (Checkonq.) iOhoo
159. Cs.-
160, percent of the sale price
161, F-] ---- percent of the mortgage Emouqj
1-3P, towards Buyer's closing fee,a. title eervIce fees, title sej;rches, tilla examirmt ions, abstracting, lonclor's 1:109 4isurance,
163, OMIOr'S tiflO InISLirrince, prepaid perms, other Buyer's costs allowable by iorder, K any, and/or mortgage dIacount, points, Any164. VIMOU-nt of Sell5r's contrlbutlon that MOOds BuY(III allowable, oo8ts, or which cannot be Used II SQI er'3165, Gont0buflon, axoeads the tnaxllpurn Seller conlrIbullon allowed by Iaw or by mortoane reculrarnent.,; shrill hA vAfAinntl
166, by Sahel',
467, NOTE; The amount pale/ by Sellex cannot exceed the maximurn Seller contribution allowed by FHA, }OVA, or169. lender. All fuLad5!Rald by Sellor an behalf I
169. WREQT$-;
170, Buyer has been made aware of the avalilability of Property "nspaio(lo,P8, Buyer [D Efacts[K Declines to havo a propol ly
I'll. fnspocdon performod at Buyer's expense, ... ._._...Oft 04%?j ........ --
172, This PlLirohaso Agroomerl [],IS [K IS NOT contingent upon aT1Y InsPectlorl(s) Of the Property obtained by Buyer to
173, determine 4n, condition, including any non- Intrusive lestlIrig ar any Intrusive tossing CIS Allow 0d pQrsuant to tlils Purchaas*)
174, Agreement, Any inspection(s) or tost(s) shall be done by an Irspeotor(q) or testers) of Buyer's choice, Buyer shall
175, satisfy Buyer as to the quallfications of the linspoctor(s) or taster(s), For pjrposos of this Purchase ,Agreement,
176, "Intrusive testing" stall mann any testing, inspection(s), or InvestIgiI thal changes the Property from Its original177, condition or otherwise damages the Property.
178 Seller 0 DOES [] DOB NOT agroo to allow Buyol- to perform intrusive tDstkig or jn$pocrIon(!6),
17'9a If answer is DOES, Buyer agrees that the, Property shall be returned to the same condition It was In prVoe to Buyer's,
180, intrusNre tz,0ng at Buyer's sole expense,
161. Seflor swill provildo access to altIc(s) and orawlspace(s).
1 -4 (alt 7)
lnskinetipanNts
PURCHASE AGREEMIENT
182, Pages Date
183, Ploperly located at 4927 UnJVOrNity Ave NTes Columbiae.
194, All lrspeaon(s), test(s), and resulting negotiations, If any, shall be dono w1fin -- Calendar Days of FPnal185, Acceptance Date of this ?L1roha$0Ag1rcemer)t (`Inspootlfijj peflod,,), Buyer rray cancel 0f is Purchase Agropment based186. 01) t1no inspection(s) or test i,equit(s) by providIng wrMeri notice 10 Sellor, or lloonses ropvaseriflfig or assisbrig Sailor, of167. Buyer's Intent to cancel no later then the end of the inspoction, Feruod. if Buyer carj csjj this purchase Agreement,
168, Buyar and Seller shell lmrnadiateiy 3iigr a Canae0atloo of Pumbase Agreamoot ocnfirming s6d cancellation and189, dlrecl'irg al@ earnest moneypaid hereto be refunded to Buyer, if Buyer doee not canoolthis PUmhaso Agrooment before190. the end of tho frispeeVon period, then 11ils Inspoctlan Contingency shall lbo doemed removed &nd thla Furohaso101, Agreement shall be In full force arid effect,
192. Stellar, of licensee representing or asalGling Seller, SHALL [j SMALL NOT have the right to conti%9 to Cifer
Ch9c)(0no.1 ...... - ...... -
193. the Property for sale until this Inspection Contingency Is removed.
1194, jN F _2PjUQ TgM!
196,
197,
198, 9 ,.L:. D-F - BVAYE11, 9, E R- ORMR
IT
Y
199, (01ock Qno)
200, D 1, This F-,urchosq Agreement is subject to an Ad(kr?dum to Purohiso Aqj'aoinent,, Sale of Suyorls pj-opqrjy201. 001*179017LVD( the WO of Buyer's pi'uperty, (if clicokod,soo altached Add9floll'yn.)
202, OR
201 [] 4 This Purchase Agrooment is oontIngent upon the WOOOSBful 00,91119 on the BUY01"r, Property located at
204 which Is scheduled to (lose on
205, 20 pursuant to a folly oxa, uted purchase agreement, If BLlyer's206, property does not close by ilia ologing date speolfled in this Purchase Agreement, this Purohass Agreement207, 18 MIC51ed, BUY01'end Seller shafflimmedialety sign R C400611,10on szid208, cenoollatlon and dir6cling all earnest money bald hero to be Wundod to BUYKThe language in this paragraph209, suporsodes any other provision to the contrary In any financing confingency made a part of this Purchase2110. Agreement, if appi
211, OR
212, 7 a. 'Buyer represents that Buyer has the financial[ iabliify to perforrn an this PUrchase, Agreement without Iho sale213, Brid dosing an any tither property.
L SL*41711.
215 FgALIES-1-ATE"XKQ'; .Saber shay pay on the date of closing all to&] Ost;,110 taxes drift and payable in all prior years218, inOlUdIng all psoaltfas and Interest,
217. Buyer shall pay [K PRORA'rED FROM DAY OF CLOSING 12ths OF ALL NO real estate taxes cluoChocktw0j ....- ............ .........
218, and payable In the year of closirig.
219, Solkw sl",ail pay PAORATEDTO DAY OF CLOSING 12jhs OF [] ALL Ej NO r(mj estate taxes due and
220, payable In the year of closlng,
221. It the Property tnxstaius is part -or non-horie6tead olasslfklallon In the year of closing, Seljeo,ySHALL :] $HALL NOT
222, pay the difference between the homostead and non-horiostead,
229, BUY9r shall PRY real estate taxes due and Payable In the year follo0r)g closing and thereafter, the payment of which
224, is not othqrwi5o hero provided. No 1-aprogentations are made concerning the amount of subsequent reW estate taxos,
MN PA -5 (811 7)
InstonetroRms
PURCHASE AGREEMENT
225a Page 6 Date
226, Property located at _A827 Univerai!LAvo tar Collllnbia HoaDc'hts MN 55421
227 DJUEOSIEUkkMI$EE LQJ& %
29-8. L-1 BUYER SHALL PAY 0 SELLER SHALL PAY on date of cdQslng any deferred recap estate b xe,9 Green
229, Acres) or spectal assessmenis, payment of which is required as a result of the closing of this sale,
2K 0 BUYER AND SELLER SHALL PRORATE AS OF THE DATE Or CLOSING Z SEI,1EF1 SHALL, PAY ON
231, DATE OF CLOSING all instal4nkirits of special assos=ents o9rlIfled for payment, with the real estate taxes dL,o and
232. payable In the year cal closing,
233. [] BUYER SHALL ASSUME L SELLER SHALL PAY cn dente of closing all other special assessments levied asrope.? -- ---- ........... . ..............
224, of the date of thK Purchase Agreement,
235. BUYEn SHALL ASSUMIE SELLER SHALL PROVIDE FOR PAYMENT OF special assessments pending asQ?eek . . ........ .....
2136. of the dale of this Purchase Agroemorif for Orprovemews, that have been ordered by any assessing authorities, (Seller's23'7. proO,Iofi for payryionl shelf be by payment Into escrow of two (2) times the estimated amount of the Fuqsessrrents
238, or loss, ns required by Huysr'a Ionder.)
239, BUyOr Shaft pay any unpaid spaNal asso-ssmenta payabia in the year following closing and theroafter, the payment of
240, wNch Is not WherwIse here provided,
241. As of the date of this Purchases Agroomeni, Salter rapfesents 0iat Sollpf. L-] HAS 09 HAS NOT received a notice
royorkonej --
242, regarding any new Improvernen( project from any assessing aUthorfties, 11he, costs of Which project rney be assessed
241 against the Proporly, Any such noilolo received by Seller after the date of this Purchase Agreement and befots., closing244, shall be provided to Buyer IrnMediately, it socli notice is Issued after the date of this Purchase Agreerroqt and on
245, Or before the date of closing, then the parties may agree in writing, on or before the date of closing, to pay, provide
246. for the paymont of, or aSMIMO the special iwaessrnants, In the absence 01 SUCh e4groomert, eilher, party may declare247, this IPWCq)asa Agrooment canceled by written notice to the other party, or Iloonsoo representing of asalsting the other248. party, In whl-ch case this Purchase Agreement is oancek-id, If either party declares this Purchase Agroornetit canceled,
249, Buyer and Salter shall Immediately sign a Cancoliallon of Purchase Agroomom confirming said cancellation and2,501 directing all earnest money lmikl hero to be refunded to 13uyqr.
252, This, Purchase Aqreemont [J IS IS NOT subject to
G lee), nJ?0..---1
253 canoeflation of a pravlously wrillon purchase agrearnerit dated 20
254, (If answer is 18, said canceliallon 04 be obWned no hater than 20
255. Ifsald carca0aflor) ls not ohtadned by said date, th s Purchase Agreement is canceled, Buyer and Sellershall imaiediately266, sign a Cancellation of Purchase Agroomontconfirming said cancellation and diroctIng W1 earrost nioney paled horn to257, be refunded to Buyer.)
258. ABEUTOIEMIILE, Upon perlotmanoo by Buyer'. Seiler shall deliver a! (Chook Ono,)
269, NJ Warranty DGed, E Personal Representative's Dead, I- J Contract for Deed, [] Trustee's Deed, or
260, EJ Other: Deed, joined In by SPOL186, if any, oonveying marketable Ole, subject to261. (a) budding and %onIng laws, ot4nancosl and state and federal rogulations,
262, (b) restrictions relating to use or improvoirnent of the Property wIttiout effective f0yfBitL11'e provisions; 263. (c) reservation of any rntneral rights by the State of MInnosota;
9-64„ (d) utility and drainage easements which do not Interfere with existing iniprovoments,
265, (o) tights of tenants as foHows (unless specified, not stibject to
266, and
267. (f) others (must be spe0led In writing),
268,
WPA. 6 (8h7)
PURCHASE AGREEMENT
2M Pugo7 BOO
270, Pmperiy woatodmt
271. Seller shall deliver possession uf the pmjpe4y¢0herk unmJ27P.. [-X] IMMEDIATELY AFTER CLOSING; or
271 rlDTHEM
274. Se|latuBfoe*vo remove ALL DEBMS AND ALL PlERGONALPnOPERTYW(Yr INCLUDED HERE from file Property275, bypnasoasicmdate,
27$. )mrwnrrnnO thol@owor*ha[| uy }oummnam(mrd momdnu*S*|rb access mroem1om277 /o any dev eo,u;stommnwr serving |h pproperty ym connected mru*otrm|iedWrmiewm|K via ;ntwrn s1pmtuooi (Illp 278. to a mwh»r or gateway or d remLly<o the cloud ric later than dexwmrymfpowaa8sinn mx specified In this Purchase279, Agreement,
288 MR8EQN-a, All |nta/osl vuhnwnem/aammoiaUon arid oh --h `~-/ ~~' vusm r` v/ mdhuUbepnmdbehuenepeamac unam u/au- v SeH f mo d ga*f
281. natural u%
262, fuel oil nv liquid patrc|eunn gas mn the day oo oolng,a1 the rate oYVie last fill by
2m@.
204 [a} 8e8erxhaWd m nywhw o d w ^' . -- ---~-'~~~~~~^'~
Purchase *'*"':
mm w oo o hm285^ VnS e,pous$eeonnroonim!loBuV*rorBmy*r d ' -- - ^~~~^-'-
pw'
umm mwnm`Mda ` `--'-~'^° abstract ~' ~""`°
26T uau Mn Seller, nmwE ' ----~
returned - - --~` ~' ''~~^~~" 'r=mmm/u
288, M Ruyer shall Wait) Ihe t1fle services doter(rilned necessary or --`- -' Royer ~~r~'~ lender, "°^=Iwg289. but not Qmitedh» title searches, U*e examinations, sbonramUng`a e nmuranuecnnew' hnen ^' nrunaltornwy'aomV, title opinion *C Buyers em|mn0mn mid coft and provide emupykm Seliet,
291. Gm&mrwhaU umm 8e110/o best elffovts to provide mar ptable \tle by the date uioiomWg, SeIer aQreey to pay all, costs282. anduaeanau$maurytooanveymarka{mbimt|deino|ud|nqmbUa|oinVmndmwux1|ng all required documents, su eot
294 r |n the event S000r has not Provided markalable title hy the date of C osing, Seller shall have an addlllcn4l thirty296. (30) days to make We marke%ble, or in tire
Q. ' - Y waive tItIs d0fec-'ts bY Written 1101106 to Seller, n
297 date, ~~-.gsuch extension, efl[hoe party may declare this Purchase Agreement canceled bywrliten nolJoe tioootherparty, or .~ar°~e representing ,/assinnng the other party, mwhJoN - case -this Purchase2B8. onne|mdIYethe( party do6ares lhios Purohase Agr5ameit cancolod, Buyer and Seller ehUuwu. 0s oaxmmmn *onUmAimA sad uanu*Kmomn and chnmotng all earnest o'---~-
v `g''~
801 neundmd»uBuymc ' ' '~vp"'""='e o "m
302,
n uth hmrm
303,
Uh-'
necessary ---governmentale^D4 */
e,°" ' - - - ~rr~`-~
sale conslitutus or requires a subdivision of land
o'°^~=s°° O5 d e*rona u edm^d Wkhn mboumd yWn$m305, uY e u>e|orwen Property from o public MQbYof wmy
307. Gm|Isr warrants that prior to the closing, pmynient|m full wN| have Unwn made for a|[labn/mmhur a JO, mm*h|nar O ur*4o/ tools furn|ah dwkhin the 12Q days [mmad odo|yp cmd|ng the o(nahrg|Momn~"o|ianwu/" 309. u*nofmnUon.ter|nn.or pm[,nfanyy,cmrenn.o/\mprovenneott mwPmpeM '~ '
310. NQ!LQ-_KS/SiAerwarran$that Seller has not raoelvmd any ncdicmI'r*/n any Aove,nun*nCa|method| | d na9an31tprmommdinga.orv|o al|onof any w.ordinance, or @u;aWom.U\hupropm y|maub)eot1orwa'"~-n~~~^'~"'Seller312. warrants that 3el r has not waum|vwV any notice from any pamomorum o tymu a breach ~''~°~~""°"~ Any318. such m mmmma edby Seller shall bmp v ed{oBuVm Immediately, ~' ~' ```~'~~='
814, aokucw|eogeo any dimensions, a4uar fnaiagy. or of |mmd or 1mpmmwrmon provided316' d`i por1Kmrbmkerropnmsmnt|nAormaw ti S |oru,v ' - -m-,-Buy*/uhoUvwr|YyWbn accuracy of31. |mfonm/onmBuynr saW moUom if oi uy/o o|ocomtan'' -- axpmnmm.
317. Seller m0reoatowNow reasonable mccesskzYhmproperty for performance of any surveys mr818. inmp*mtionumQaedbhere,
Mw'n*-7 (8117)
IndmnefFoww
PURCHASE AGREEMENT
319, Pago8 Date
320. Propertyfoca%dat_.1,827 Univarsj- U-kKll -11r- H2 r r nab 55421,
321, Btfl& .LQM: If there Is any loss or darnage to the property between the Final Acceptance Date and the dats of3221, closing for any roaqon, lnciudlno firs, vandalism„ flood, eamiquake, of act of God, the risk of loss shall be on Seflor. If321thePropertyisdosiroyedoriubstantialiydamagedbeforetheclosingdate, this Purchase Agroonwt Is oanooleci,
324, at Buiyuf's option, by written novae to Soor or Ifoansf3a roprosentlog or assisting Seller. If Buyer cancels this purchase325, Agreement, Buyer and SeillqrsljaiY Irrimsdialely sign e, Ctinca,%tion ofPurch,a5e Aqroemort confirming said 0a=ellation326andd1roollngGallearnestmoneypaidheretotierefundedtobuyer,
327, ItME-9-FfA55M -,9; Time is Of the esgencB In this Purchase Agreernenl,
328, 9-&&ULAjjQA_Qf_QAyR: Any oaloulallon of days begins on the first day (Galoridar or f3uslness Days as ,;p0dfj0d) 329 , following the occurrance of the event specified and includes subsequent days (Calendar or Business Days as 6poolfjod) 330, ending at 11:59 RM, or the last day.
331, _1)AY$. `9usirogs Days" are dayrs wh1oh care not Saturdays, Sundsys, or 84ife or federal holidays unless32, stated elsewhere by tllio parties tr writing,
3K, PALEND-A-R-12AY-a; "Calendar Days" induds Saturdays, Sundays, and state and federal holidays
134« Buyer and Seiler agree that the Earnest Money Holder shall release earnest money335, from the Earnest Money Holder's trust account
336, (5) at Or 1,110on the successful closing of the Property; 337. (b) pi,isuanl to written agreement bo(wean the parties, wNch may be reflected In a Canceflatioti o( ptipohass, 338, AgroaMant executed by both Buyer and Seller;
339, (c) upon receipt of an affidavit of 9 cancellation under MIq Statute, 5.59.217I or
340, (d) uPQn rocolpt of a court order,
341, 129EAQJ.J; If BUyer defaults in any of the agreements here, Seller may cancel this Purchase Agreement, and any342, paymenti made here, Including earnest money, shall be retalrod by Seller as 11quidatoddarrages Mid Buyer and Seller343, shall affirm the earne by as writlen cancellation agreement,
344. 11 Buyer defaults In any of the agreements here, Seiler may tofWnata this Purchase Agtearnarft under the provisions
345, of olthdr MN Statuto 659,21 or WN Statuto 559,217, wNchevar Is appkable. !f either Buyer or Seiler defaults In any30. of the agrearnents here or there exists an unfuifilled (nnditlon after the dato specilled for lull'Iftent, either party may347. r5ricol this Purchase Agreement under MN Statute 559.217, Subd, 3, Whenever It is provMed here that this Purchase
348, Agreement is canceled, said language shall be deer-rod a provision authorizing a Declaratory Gancoliatfon under IVIN349. Statute 658,217, Subd, 4,
360, If this Purchase Aorooment Is not canceled or term nated as provided here, Buyer or Seller may soak actUai damages351. for breach of this PVroha8e Agreerrent or specific performajice of thus PWGW3e Agreernentl and, as to specific
362. P6rf011naMe, such action must be cominancod wlt'Nn six (6) months after such right of actlon arisoa.
353- N91= hIEU E1DKQ-PR0A1QBX.Qff-VA EMEMMISM Information regarding the predatory offender354, registry and persons registered with the predatory offender registry tinder MN Statute 243,166 may be obtallned
355. by contacting the local law enforcoment offices In the tommunity where the Property Is located orthe Minnesota
356, Department of Corrections at (661) 351-7200, or frorn the Department of Corrections web $)to at355WWW.CDrr.,9taternn,us,
368. BUYER HAS THE RIGHT TO, A 'WALK-TII-IROUGH REVIEW OF THE PROPERTY PRIOR TO CLOSING TO
359, ESTABLISH THAT THE PROPERTY IS IN SU13STANTIALLY THE SAME CONDITION As OF THE oAre OF
360, THIS PURCHASE AGREEMENT
361, B'U'YER HAS RECEIVED A: (Chook any that 8PP1YJ [I DISCLOSt)RE STATEMSNT., SELLER'S PROPERTY
362, ViSCLOSURESIATEMENTOR A F*NSCLOSURE S?A7-6M,5NrSELLEqS DiSCLOSOREAC(ERNATIVES FORM,
363, I -PE-RTY-Q-ONDj-TIQR. $0$ DIscOslu'a Statement,, Seller's Proporty Disclostme Statelrent or
364n DiSCIOqtffe St(lternen Sefligr's 019clostiro Alternativ,99 for description of disclosure r6sponsibififies and Ilrn1allons, if365, any,
36& BUYER HAS RECEIVED THE INSPECTION REPORTS, IF REQUIRED BY MUNICIPALITY,
367, BUYER IS NOT RELYING ON ANY ORAL REPRESENTATIONS REGARDING THE CONMTION OP THE PROPERTY366, ANO 178 CONTENTS,
MPLI"A-6 (W7)
instonatFoRms
369. Pago 0 Date OLktL7
370 Properly ooatedqt_.4821 Uziivnn;i y Ave Kj?, Columbia 11 KN 55421
371, (Chackappropdata boxes,)
37P, SELLER WARRANTS THAT THE PROPL19TY IS EITHER DOECTLY On INDIRE0,TEY CONNECTFD TO
373. CITY SEWER JKYES D NO I ciTy WATER 1 '$YES [I NO
174, EQ$$ULjF,5 ACES )yA EXE
075, SELLER ] DOES [K DOES NOT KNOW OF A SLJ8,' 5URFACE Sr-VVAGE TRENTIVENT SYSTEM ON ORV1V'ki)n9.) .................
376. SERVING THE Pr-10pERj'y, (If answer is DOES, and the system done not require a st%fo parry)1t, see Dlsolosure377. 5tatenialit., St)j)aurfe0r3 Sewage 7T0,qfm&rjt Syqjer"')
378, P—RLVA V LTBC
370, SELLER [j DOES Z DOES NOT' KNOW CF A WELL ON OR SERVING THE PBOPEnTY, CYT& ; CA onw. .......... ........
333. (If answer is DOES and well is locatod on the Property, see Well,)
381, THIS PURCHASE AGREEMENT El IS - IS NOTIlUBJECT TO AN ADDENDUM 7-0 PURCHASE A(3R66A4F-N7,,
382. SUBSURFACE SEWAGE TREATMENTSYSTEM AND WELL INSPECTION C0NTjfVC7L:NCy,
381 (if answer fs 16, see attached Addendum,)
384, IF A WELL OR SUBSURFACE SEWAGE TREATMENT SYSTEM EXIST$ ON THE PROPERTY, BUYER HAS
385 RECEIVED A DISCLOSURESTAT6MENT, WELL AND/OR A DISCLOSURE 9 ;AT" MENT SUBS UPFACE SE WAGE386, TPCA rfdENT SYSTEM
387- LAN: Buyer and Seller are advised to Investlgate the vArlOks L10MO protection/
388, warranty priors avillab&o for purchase, Dffforont humo protection /warranty I)Ians have different Goveraqc optIona,
389, ox6uslons, lirnitadon a, and sorvl Q 1`03s. Most plan 9 exclude pro-exis Uniq condlflons, (Chock one,)
390, L] A I-lorne Protecilon/Warrarity Plan will be obtalnQd by 0 BUYER 0 SELLER and , pald for by
391, E,BUYFR [] SELLER to be Issued by
orrQ,!-- .... .....
392. at o cost not to oxcead $
391, [K No Home Proleotlon/Warranty Plan is negotlated as part of this Purchase Agreement. Howovar, Buyer may elect394, to pur(; wsa a Horno Pro eotlan/Warranty Main.
393,
13916.
397,
nerd Biwn COMPMnY Nl)md)
T PMja/,7qhn bi
nOZO Estate CpMpsny Nvrno)
Ago-QX—kQ=
Is Sellers Agent [7 Buyer's Agent DjO Agent raGilltatcr,
is [] Sellar"s Agent [ffl Buyer's Agant 0 Dual Agent 0 F:aowtator. 040k ....... —1--.1 ............
400, THIS NOTICE DOES flOT SAT18FY MINNESOTA STATUTORY AGENCY DI' sCLOSURE REOUIREMENTS.
MY" PA-0 (0/17)
InsfonefFoRms
PURCHASE AGREEMENT
401. Page 10
40Z Property lo(eted at 4827 Univerelty Ave ME Columbia fieiqhta MN 55421
403
404. PLEASE CHECK QNEOrTHE FOLLOWING SELECTIONS;
405. [)i9 Dual Agency representation DOES WTmpply|m\h|x transaction, Dono/000plehympma406-422.
406. F1 Dua AgGn(,y representation DOES apply 6n this transactlon, Complete the di,9c)osure j(1 i1nes 40z422.
407. Broker r8p,emantq both the Seller(s) and the B,/yor(e) of the Property involved |n VhN3 |/anaac6on^ wh|oh creates u
408. dual agency, This means that Broker and its sak.,spersont; owe fiduciary 610Was to both Selter(s) and Buyer(s), Because
409, the parties may have canMoVm8 |nh*nwalm. Broker and its salespersons ane proh{bitedfnom kid'vocating exclusively for
410. either party, Bnokurmnnnot act as a dual agent |nth|otnanamodonwhhout the consent of both SeUe*s) and 8uyer(m).
411. and Buyer(m)acknowledge that
412, (1) oonhdentm| information uomnum'Qaled to Broker whlch regards pdua,lann*.o/moopalonk` buy w,awUwill
410. r*nnaIn confidential unless SoHar(5)orBuyor(m)1nm1ruclm8mher|nwrttino*zdii3c oma tlqs Mfomne||*n.{%her
414. nformaWon will beshared;
415. (2) Bro)ta, and UmaolexparsonamXHnot represent the interest mfehh detriment c4 the othar and
416, (3) within the |[m|to of dual agency, Broker and its salespersons wQ wm* diligently tofed>|ttft the m*mhmn|os of
417. the nm1&
418, vVIWh the knowledge and understanding of the oup|mnal|on above, SeUmr(s) end Buyen(i)uuthufte and Instruct Broker
419. and its, um|nsnmnaoutmscteo dual agents |nUWmtxmnm*l0ow.
420. 8eder-_-__.~_.--_________- Bwywr__---____-_-_____________-______
421. Se|%r________.____.___-_________ Buyer
422, Date Date
423 o r,wh hm a m m i aueVhe
424. cash outlay o1obaingvrreduC0 tile Pmn0edohorn the sale,
435. ,, Buyer and Seiler muUhmdzmthath|auompany,aantowmQentmnd/o,M1e|r/eprommnNativom
426. to disoloas and provide ooplos [M*d|sburs|nU mQmnrmuaU|ementa1ahvmnnt!m the real outm1p\|oonesemhnvo[vad in
427. the transaction a\ the time these doomman|a are provided to Buyer and SaUoc
4%8. Nj Jfq FIE L PROPERTY TA CT t"FIRPTA"ll: Section 1449 of the Internal Revenue Code
4_~. p.,'.,.~,~~a,~,~~~,` must ww"ww
4X tax Kthe transloror is a fcrWqn pomon and mo exceptions IFIPTA withthioldling apply.. 0aynr and Seiler
431, agree tocomply*AthF|RP7A reqw^mmoMts under Sac-tkm1445cf the Internal Revenue Code,
432. 6o|/or o|xsU mypnoawnt and Warren*. under the penalties of perjury, whe\hmr Sn|lg/s a "foreign person" (as the same
4,13. is defined wifln FIRPTA). prlor to closing, Any representations made by Seller wim respeot to this issue shall survlvm
434. the dcw|ng and delivery d the deed.
435. 9uyer and 2wUmr 0aDcorHp|$te. execute, and deliver, un or before tios|ng. any instrument, nr8dux|i. or statement
436. reasonably necessary to comply with the FRPTA requiremenbs, Inoluding delivery of fl)eir respective federal taxpayer
487 |denUflmaMon numbers rr Social Security numbmns.
438. Due to the uVmp|axiiy and pmtnnMa| rlekuo( falling to comply with F|RPTA. |no|Vdingthe Bvymr'a ,w.spwno|08tytn/
439. MthholdIng the applicable tax, Buyer and 8e|ler should soak mpppnlorlate legal and tax adv|ma regarding F|RPTA
440 compliance, am the rnzpmctlnmVmmnmee's representing o,aum|ating o|tharparty will bownab|oknmsmoroeither
441, party whether the transaction ie oxampt from F|RPTAvvftk`hoh1imgrequirements.
442 EMEl
441 mmnmtdNet the onfire agraernent beWeeri Buyer and Salier, Any olhorwritton or oral cornn itin 1cation between Buyer and
444. 5mUer, |nclud|ng, but not Dmhod 1o, e-maUo, text maueegan, or o\hern|eoirnn|o oc«nmun oallonm are not part ufthis
445. Purchase Agmswmena.This Pur0haye Agreement can be modified or canceled only in win0ng o[Qn*d by Seiler and
44& Buyer or by operation of law, AV rroneitary sums are deerned to be United States currency for purpc)sos of thle, Pu/ubaww
447 AgraemoiL
mmPAr1: 0 (Bm7)
InstanefroRms
PURCH ASE AGREEMENT
448. Page H Dwe 7
OR Properly foGat6,,d at _.82_7 t)nivsraity_Ay_a_M MN 5421
45(x, The part W 'gref) the electronic signature of any party on w)y dowmant related to thN
451, ia,nsaoqon constitute valid, bln6ng qlgmilures,
452, fjNALA_QQEPTA: To be &ding, this P rchaae Agreement must be fiJily executed by both partios and a copy45 . mwqt be dollyored,
454. 5VIBYLVAL: Ali warranties ,,peolfled in thl, Purchase Agrswnent shO survive the delivery of the dead or contract4.56, for deed.
456,
457,
458,
459
460,
461,
4M
450.
464
465,
468,
46R
4M
471, A_QQtLM_M! The folloWing addendin are attached and made a part of this Purchase Agreement,
472, NOTE: Disclosures and optional Arbitration Agreement are not part of this Purchase Agreement.
473, Addendum to Purchase Aqrewrront
474, Addewdvm 0 Patchase Agrownent., AssumptIon Finat1cfng
475, Addendurn to Flurcfwe Agreement; Buyer Ptir-ohasiog "AS Is" and Urnitalfoo of Selle(LfabOty
476. Addeirdum to Purclwe Agreement, Common lnforoot
477. vic')
478. Addoodum to Purchase Agreoment: Contract for Ooed FInanc#)g
479. 9] Addondurn to Furchiso Agreamei7t: Vfsslosure of ffl(ormaflon on Lead-Based Palm' and Lead -based Point
4M Hazarda
481 AddendLPM to Purchase Agreement: Sale of Bayer's ProportY ContIngenoy
482, Acidpndurn to Purciw8e AqTVSJn&r)t,' Short SCIP COWtoganCy
483, Addoodurn to Purchase Agteemont'Subsurface Selwage N407ont System aiid Woll lnspocflon Cjontjngoncy
MIU-All (U11.0
linstonetwams
PURCHASE AGREEMENT
484. Page 12
485, Prope rty lcoated at _4827 UniversitX vo qr ,*Ia -Va., gl,t m
4136.
487,
48,8,
489.
490,
491,
492,
493
494,
495,
4M
497,
498,
499,
500..
501,
302
1, the owner of the Property, accept this purchaae
Agreement and authors "zo the lirflng brokor to wlthdraw
sad Prolxsrty from 1he markot uniesa IEnstructod
othorwise In wiling,
I 11WO MVIGIVed cIll P090S Of this PUrohiase Agreement,
R'f chocked, this Purchase Agruement Is sulb;oct to
attached Aiddanatjin to Purchase Agreement:
Couriteroffer.
EW..IA' Seller reprosorils and warrants, L41CIOr ponalty
of perjury, Ihaii Sellerr]ISE] IS NOT to foreign person a
clWd ono').—...
non-resIdent Callan iindMdual, foreign corporMor, foreign
partnership, foreign trust, or foreign eSWO for PUrP0809 of
Income taxation. (See fines 426-44 1,)) I'Ns representation
and Werra y shall SUrvve the clo,g of the transartion
and th Ivory of ti). eed
40
5D3, X
Suk)r's
5105,
86110es
506, x
I agree to purchase 119 Property b0ho price end on
the larm sand conditf'ons sa+t forih ahove,
I have reviewed ail Pages of this Pur(J)dSe
Agreamont,
x
DaIn)
x
Buyera Primed NOMP)
wj
mariW stYrs
x '
J
N1Y6V'6 PnWod CJ ON)
x
morlini Syr
FiNAt_AQU__P_TAN_Q5_pAJg: --_ I/ /_, 7 Tho Final Acceptance Data60, ID the date on whiGh the fully oxecoled Purchase Agreement Is d6vered
so . THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER($) AND SELLER(S),
510, IFYOV DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL,
511, 1ACKNOWLEDGETHAT I HAVE R IVED AND HAVE HAD THE OPPORTUNITYTO REVIEWTHE DISCLOSURE
512. STA1'6MC-NTARBI?rdI0NDISCL = A.N,1DRESIDEN77AL REAL PROPC-RTYAR'SirRATIONAGREEMEN-r, Ni ZUA _ -HJSPJJbP)AAR AQRE51u11111NT, 613, WHICHISANO p NAL,VOLU 01 REEMENT'AND IS NOT PART OF1
514. SeLLER(S BUYER($)
515, SELLER(S)c---
M
UYER(S)
MWA-12 (Wl'r)
In6fOnef•ORM5
ADDENDUM TO PURCHASE AGREEMENT
ITIs loan apr)rovod by the fwnomoti Assuoh lorr of RZALTOR,0,01,
wroth discialms any t +a AIty arisirro out ofuse or mNskaso os viis faun.
02011 MlnnosotarAssucleflonof RrAI:rD1 VS Edfna,M N
1, Dale
2. P8ge 13
3, AcidonciumtoprfrchasoAgroernar7tbclwocanparfles, rintecl .--..R1 caco,rher Ia 24 , ..pertaid7ir1q;olh0
4, purchase, and sdeof the property at —an r n roratty a r
a. td4 55421
6. Ire the;,, event of a conflict between this Addendl'irr and any othor provIslon of the Purchase Agr prtIW, the language7, In (h'Rs Addet'RtirTem shkW govern,
This purchase agreement is subject two the full ratification of the Columbiad, Heights Vconomic Devleopcment Authority at their January 2nd, 261f1 meeting, If the~
9, Purchase agreement, is not ratified s, cancellation of purchase agreement, Will be
signed and all earnest money will be returned to the buyer,
10,
The Buyer has determined, based on the records of the Anoka Country Asses8or, thatIttheassassedmarketvalueofthepropertyis $105,50o, and based on review of
12, comparable properties, that the market;, value of the property is approximately117,000,
13,
If Seller doews not accept the coffer of the Buyer and negotiations for the property14.' do not reach an amicable a>graement, tho B*Liyer will not acquire the propertyta, through condemnation.
16, The seller warrants that 'there axe no tenants on the property with a lawfulleaseholdintexest7ntheeventanytenantcomesforwardandclaimsaninterest17, in the prop+'erty at the time of or following the purahaso, they Seller agrees to
18, fully indemnify the Buyer fo'r any and all coasts asseocisted, with terminating suchtenancyandforanyandallrelocationassistant% and benefits that may be rice to19, such tenant together with attorneys, fears that the Buyer would have to incur in
20, connection with legal action required to resolve any relocation assistance orbenoti.tm dispute with such tenant, Seller acknowledges that it is not being1, displaced from the property as a se"It asp this purchace agreement and that it isnoteligibleforrelocationassistance'" or benefits, or in the event that Selle't is22• eligible for relocation assistance and benefits, that the purchase orrice includes
23, compensation for any and all relocation assistance and bensfitm for which Sellermaybeeligible, The provisions of this paragraph shall survive closing oR the24, transaction contemplated by this purchase agreement.
25• ror purposes of this Agreement, "relocation assistance any benefits" shall have
28. the meanings ascribed to therm by the Minn'000ta Vbifgrrrm Relocation Act, MinnesotaStatutes, Sections 117,'i0 to 11.7.56, the uniform Rcl.ocati'orn Assistance and Real27. Property Acquisition Policies Act, 42 U.S,C, Sectio" 4691 -4655 (the federal URA)
and +t'ir'e regulations irmpl ermenting the federal URA, 49 C,F.R, Part: 24, 2i1,
29,
30,
ry
a
kWerlpCo7j {puy ( trZ')
31 THIS IS A LEGALLY BINDING CONTRACT OETWESN BUYERS A Llr'SEL.L ERS. 34, IF YOU DESIRE LEGAL OR tAX AOVICI , CONSULT AN APPROPRIATE PROFESSIONAL,
VN -AFIA (8/11)
IrlstrinetrQRms.
ADDENDUM TO PURCHASE AGREEMENT.
DISCLOSURE OF INFORMATION ON
N..EADi -BASED PAINT AND LEAD-BASED
PAINT 14AZARDS
This faun appraavaxd by the Mirbno sata Assodatlkatlry ai AEAi,TO,pC,4,
vwhlart drssWm5 anY 11aF,ality ar1s!n9 00 Of U10 ar Misuse of tlils fnirria,
90`17 hriWlasala A u 6FAflail of S ALTOW Edina, Mh!
1. Data
2, Page I
Addondurn to Pvrohase Agreement between partles, naiad _ pgrs _qm ex
4, portaining to the purchaso and salo of the property at
S. Snfion f; Le8d WarnNng Statement
7. Every buysr of any Intorost.in, resldenilal resell property no which a residootiel dwelling m /as burd,orlorto 197s is rlrattfled8. that surMh Property may present exposure to lead from lied paint th <it may pt&caa yoruog children at di oilB, developing lead polsoralrrq. L. Faacipolsor7lrigr in yotrrrq Chlidr'er7 may produce permanent neuroicgical damage, lnoiUdlnp10leaningdisAblf/tdes, roo'ruce d trltratltporace quotient, behavioral problerrrs, i lrrrpalro d roomory, Lead poi3oi i11, posOc a ,P51110trlar ii to pnVoont woman, T' /te eflar of anyr ir'iti !ru tesld,R W real properly, Is roqulri to provide12,, the buyoa, with any I`o7f&ua ,c lon on load-based pahil hazards frnrra risk assessmorafs or, fnspactdons frr the sra(li13. pWsessicil and rxotlfy the buyer rat any Allown lead -based p,alnt haz4rcds. A risk assessrraent or inspection fol- poasible14lead-based paint hazards Is recommended prior to porchasa.
7 '" tar) V t.l1 , s Ipe
er.00 of lead-based paint andlor lead -based paint hazards, 17. (hock oneboiow)
I fy, Kneen load - basod paint and /'or ioad -b ased paint hazards are present In the housing1g, (xpladn is
21, Soller has no knowlodge of lead - based paint ard, /or load- based ps,tnt hazards In the housing.
2Z (b) Records and reports available to the seller,
P-31 (Check one below,)
4, Seller 1ias provided Buyer with all evallabla records and mports pertaining to lead-based paint25, and /or lead- based plaint haznrrds in the housing (iRf documents below):
26. ......._ .__._ ......_. _
27, Seller has no repo rta or records portatlning to lead -based prairrt rand /or load -based paalnt hazrardis2& in the }sousing,
3U.
Y (
c)
g
Buyer has recet'vool ro p les of all Information
2g, Buye s e1cn.owled meat initial.)
p n Il'ted uncicr(ta) above.
31. _ (d) buyer has rocelvod the pamphlet, Pxfoct Your Family from Leld #1 Your Home,,
e) Buyer has (Check one baba, );
a F-1 Received a t 0 -day opportun ty der mutually agreed-upon poriod) to Conduct a risk assessrnent34orinspectionforthepresenceofHead -based paint and /or lead-based paint hazards (lfchocked, 38, soo Soctiorr It ott p4ge2.); or
58. ] 1 the opportunity to cornduof a rls< amessnleart or Inspection for tha presence of lead - 37, based paint and/or lead- based paint hazards,
rLx:SAL - 119e17
NnSfranetFOrRMS
38 Page
9. Property CDoated at 027 AVG colwybia
40, neel Estate Licensee's A,oknowlodqrrent (Inqjaq
41, .2401 i (f) Roal estate licensee 11a,9 informed Seller of Sober's Obflgatlons under 42 US. O. i1nd la aware42, of licensee's rosporsIbility to ensure compEance,
47. < t -5 -jPON
Czz:- VIIL x
7:,—RntoV —.MM) 91"Ite:1LIcans D 241 Rovkwa)'l Palo)
1.9,, Secilon fl: Contingency (hiWai Only If first box under (e) Is (dieck6d hi Buyer's Aoknowledgment aoovoj50, ThIs contract Is contingent upon a rfsk assesarnent or ari inspection of the property for the presence of lead- 51, based paint and/or, lead-based paint hazards to Ibe vurlducted at Buyel's expense, The as8assrroni or in8pection
62, shall be corinpletod within[] ten 0 , 0) E] calendarcalendar days after' Final AocQptance of the Purchaaa Agraefolm'A vpe'j rnent,
53. This confingency ahall bG dieerned removed, and the Purchase Agreement shaO be In fiA force and offect, unfewi Buyeror54, rsae estate ficensecs reprosenfing orasslatfrg Buyer delivers to Selleror real estato licensee representing or assisting55. SePer, wIlMn three (3) calendar days after the assessmer( or urlspectlon is tirnely oompleted, a written list of the spaHfj". 66, deklenoios and the oorracllons r'equirad, together with a copy of ally visk assessment or Inspectlon repwt, if Seljv57, and Buyer have not agreed inwrlUngw thin throo (3) calendar days: after dellvery of thewritien list of required corrections93. list; (A) some or all of titre rviulr8d corraictions will be made; Dr (B) BLlyor waives tile diefl6encles; or (C) an adjUWnent to59, the purchase price ME be made; this Purchase Agreement l8 canoaled, Buyer and Seller shale irnMediately sign a60, CaticattatIon of Purchase Agroemont oonflrmlng sold oancellation and directing ;all earnest money paid here to be61, refunded to lBuyer, It Vs undo stood that Buyer may unilaterally walve def1clericlosor defects, or remove this Contingency, 62, providing that Buyer or real estate 11consee represeftng or assNstlng Buyer notifles Seller or real estate 11cersee60, representirg or assist4ig Seller of the waiver or rernovad, In writing, w1thin the time specified,
k A2.tt -2 (8117p
7
r.
DISCLOSURE STATEMENT: ARBITRiATION
DISCLOSURE AND RESIDENTIAL REAL
PROPERTY ARBirwriON AGREEMENT
Thlo form, approved hyflin MInjimoi Assooftfflaij 01 RFALMRS",
whIch disc tfta Any llaWflly alalq ow of iga Ot nllsuuo of Ihis form,
0 2016 (1 A8=190on or REALTORSO, EdIiia, MN
Page I
11 ARBITRATION DISCLOSURE
3, YOU have the right to choose whether :o have any dieputes about disclosure of material facts affecting ; The use4, or enjoyment oI the property that you ate buying or selling decided by bindlngarbitratlon or by a court of law. By agroolng5 to bindliig arbitration, YOU gIVG LIP Your right to go to oourt. by signing tho RESIDENTIAL REAL PROPCIRTY
10, ARB1 TRATlON AGREEIMENT("ARBITRA710N AGREEME-N]") on page two (2), you agree for binding arbitration under the
7. ReaIdFvitlal Real Properly ArbIltatlori System, ("Arblitration,9yatem") admInIsterad by National! Center for DISPLAS SiDttlGrflerl
8, ("NCOS") and endorsed by the Mlonosotia AssooWlon of REALTORS" ("NINAR"),The ARKI'RATION AGREEMENT Is
9, anforceablo only If It la signed by all buyers, sellers and licensees representing or assisting the buyers and tho sellers.
10, The ARBITRATION AGREEMENT is not part of the Purchose Agrotimont, Your Purchase Agreement wijff still be
11, valid whether, or not you sign the ARBITRATION AGREEMENT.
12, The Arbitratlor System Is a private cl!SPOG resolwilon system offered as of) alternative tic the oourtsystam, it
13, Is not government sponsored, NODS and the MNAR jointly adopt the rules that qDverri the ArbItratlon Systom, NODS
14, and the MNAR era not afflilaled, Under the ARBI-I-RATtON AGREEMENT YOU Must idle I irbitti services of
15. NCO&
16, All disputes about or relating to disQlnsure of rinaterIal facts affwlngthe uqE) or onjoymont of the property, excluding1TdisputesritoMiloissues, aro subject to arb](ratlion Linder the ARBITRATION AGREEMENT This includes clalma
18, of fraud, ril6represiontallon, warranty and negligence. Hoth nag in IhIs Agreement limits utharrlqhlte you may have under
19, MN Statute 327A (etatutory new home warraritl or under private contracts for warranty coverage, An agreement to
20. arbitrate does riot prevent a party from contacting the Minnesota Department of Commerce, the slate agency that21', regulates the real estate profession, abOUt lIuensoe compliance with state law,
22 The adrnJnlstratrva fee for the ArUtrailon Systarn varies dicipiendIng an the amount or the claim, but it Is rnoro
23, than initial court filing foas. In some casoe, concillation court is cheaper than arbltri The MaXIMLIM claim aifoviii%I
24. Inoorclliatlon court Is $15,000,71nis arnOtint is SUhi]OM 10 future change. lr some oFises, It Is qulcker and less expensive
25, to arbitrate d1spules than to go to court, but the tirno to 010 your olaUm and pro - hearing discovery rights are limited,The
26, right to appeal an arbitrator's award 18 vary ilmilted oompared to the right to appeal a court deicisiun.
27, A request for arbitration must be filed within 24 months of the date of the clordrig On the property or28, else the claim cannot be pursued, III sorne cases of fraud, a court or arbltrator may extend the 24 -month
29. limitation period provided herein,
301, A party who warts to arbitrate a &p(AtG files a Demand, alovig with the appropriate administrative fee, with
31, NODS, NODS notIlles thoothorparty, whomay iilea response. NCDSworkqwlth the parties toissIectEind appolnianarbtrator
32, tc hoar and deolde the disputo, A titres - arbitrator I wIll be appointed Inslaad of a single arbitrator at the request
33, of any party. The party requesting a panel must pay an ad0ionai fee. Arbitrators have backgrounds in law, real estate,
34, architacture, ong1noering, construction or other related fields,
35, Arbfttlon hioarinqs are usually meld at the home, site. Parties are notifled about the hearing at leasl 14 days
36. in advanoe, A party may be represented by a lawyer at the irearinq, at tile party's own expense, If he or she gives five.
37, (5) days advance nollcia to the other party and to NCOS. Each piety may preser)t evidence, including documents or
38, testimony by wftnesses,'The artifttor must make any sward within 80 days from the flnei hearing date, The award must
39 be In writing and may provido any remedy the arbitrator considers just and eqcftable that Is within the scope of the
40, partles'agreoment. The arbitrator does not have to make findings of fact that explain the reason for granting or denying41, an ciward. The arbitrator may require the party who does not prevaiii to pay the administrative fee,
42, This Arlottration Disclosuro provides only a g sneral de8criptlon of theArbitration System and a general
43, oveeview of the Arbitration System rules, For speolflo Information raqarding this admWstratIvo fee, please see the
44, 11 Schedule located In the IqCDS Flules, Copies of the Arbitration- System rules are avai from NODS by calling45, (800) 777.8119 or (866) 727•8119 or on the Web at wVrw.ncdqusa,orq or franc Your REALTOR". If YOU 1"ti4VO any qtla.qlaons
46. about arbitration, call NODS art (800) 777-8119 or (836) 727.8,119 or consult a lawyer.
M"M
V40SACRAA-1 (2116)
lnsfaniStFORMS
DISCLOSURE STATEMENT: ARBITRATION
DISCLOSURE AND RESIDENTIAL REAL
PROPERTY AR811TRATION AOREEMENT
47, Page 2
18. THIS 15 AN OPTIONAL,VOLUNTARY AGREEMENT, 49, REAQ THE ARBITRATION DiSCLOSURE ON PAGE ONE (1) IN rULL BEFORE SIGNING,
50. RESIDENTIAL REAL PROPERTY ARBITRATION AGREEMENT
511, For the property located at 9 27 t$"YO—Xlt,
52 City of SUC110 Of KnncaotR,
G8. Any dispitm betwean the undeirsignecl Parties, or any of them, about or retailing to material facts affecting the use or64. enjoyment of tile property, G:pfudlng Osputas related to title issues of the property covered by the P+irchaso Agreement55, dated Decambox 16t 20 L?—_ , Inoludli)g claims of fraud, r0sroPrO8011tatlon, warranty and68, negllgenoo, shall ba sen ed by Nndlng Brblt•atlon, National Center or Dispute Settlarriert Shall be, the arbitration service67, provider, The rules adopted by National Center for Dispute Sattfompnl and the Minnesol& Associotloil of REALTOR-S058. ailall govern the "Prock9crling(s), Tare rube that shall povern the proceedings) aro thoso, rules in effect Ott the tlma tile59, Deniand for Arbltr0on Is filed and lncVudu the tubas sPecilled In the Arbitration DlaclosQra on page one (I), This610eAgreementshallsLirvilve, the deflverY of the deed or xintract for deed In the Putchase Agreorneql, ThIs Agreement Is611, ONY enlorcoable If 0 buyers, ,seller's and 11consees representing or asslaMg the buyars and eoers 1)avo agreed to162, arbitrate as acknowledged by signat below, 1-rx purposes of this Agreement, Ilia signature of one kensee of a63, broker shale hired the broker and all ensues of that broker,
acknowledged by
b ..... . a," 'k ons
Data) - SIVII-" to)
66
67,
P01141,4 (BUS Pdrtod Name)
Dmie) tj Ges sionow d 7
ISoftr'i; Prinlod Wrno)
ILlw1mo Ropm-onfling
Compony Nnmiay
Myor'a PD11100
t AtMRockwell
Company Nqmn
70. THE RESIDENTIAL REAL PROPERTY ARBITRATION AGREEMENT IS A LEGALLY BINDING CONTRAC-1, 71, BETWEEN BUYERS, SELLERS AND, LICENSEES. IrYOU DESIRE LEGAL ADVICE, CONSULT A LAWYER!,
WMADA0,2 (211(3)
ln5lranetpopms
DISCLOSURE STATEMENT;
SELLER'S DISCLOSURE ALTE19NXrIVESThfwforin ;iPprwed tha WmWole Assodat om oi PiEALTORqla,
which djsoI6fm any jlorapjry arising 011t of use or n),C(Sp of Ih4a jerrrl, 200 FAMJ'0,184P, EdIPS, MN
1, Date
2. Page 1 of__7___ pages: RE1C0RDS AND
0'. Rr--PORT8, IF ANY, ARE AI`IA0,HED AND MADEA4_ PART OFTHIS MSCLOSW, F
S. City 01 COLInty 0I State of min nasota, NOTICE: Sellers of rs8ld e7entp III Ilrrrtted exceW'Orls, are 010ted to satfafy tile roquIramenis of NIN Statutes8. 513,52 through 613,80, To comply with the StOrt'016, Seller must provide alther a wrqten dlaolo8ura 10 the9. ProgPectivO Boyer (soo Disolosare St,110M017t., Sollar's Property Disclosure Stafortyrino or $atlsfy one Of the10. fOlIOM'19 two OPPOns, Disolosures made here, if ally', Ste 1101 0 Warranty or guarantee of any kind by Seller or11. Ijcwlseo(s) repres"ting or aes1sting any party Int thig transaction and are not a subsiliata for any inspections or12, warrand0f) the PartY(les) may Mah to cblain
13, (601&0tP_VQ optfon only)
14, 1) E] QUALIFIFeD TH1110-PARTY INSPECTION: Saber shap provIdo to pro,,,poftfivo 13LIYS( V W•ftjon report that16, discloses T11810dal Information raInling to the real property that has beers prepared by a qualtfloql third party, 16, "QUalifled third party" nioRns a fodarat, state, or local goverf)MOWRI agency, or any person whom Seller or17• Prospective Buyer roasorrably bolloves has ft 0xPlartiss neoesviry to meat the indtistry stonftrds of proctioe1k1, tot the type of lnel)GOlon or Inve,3119zitiOn trot has been conducted by tho third paarty in order to prepare the19. wrUer raport,
20 " , Sallorshall d1`80l0SetOPFr)8pectIV0 Buyer niate)`W factsknown bYS011orthriatcontradictany Informailon21, that Is Inoludad In a written report, or 110RIefl9l facts known by Seller that are not lncludf,'d In the22, report,
20, The Inspection report was prepared
24•
25, and dalod 20
26, 8611E)r Oise-10-908 to Boyerthe following MtOrill facta 10,0win by 5ellor that coMraftt any Infornialiot) Inctudit)(I27, in the above referenced inspection fropo•t,
28,
Seller discloses to buyer the f0dowing rtiaterlal (ac1tt known by Seller that are not included irl file aboveU, referenced inspection report,
34,
6. 2) WAIVER. The written (Jfaofosu,e reqOrad may bo waived It Seller and prospeolive Buyer agree in writing, Seller37, W arci Buyer ha,,eby wWva the writtotj d seIMVG require d under MN Statutes 613,52 through 5113•60" 1
NOT5. If both Seller and prospooilvo BrIyor agree, In writing, to waive the written disclosure requiri(i underWNStatulea513,52 through 613,60, Seller is not obligated too diectose ANY r WorlaJ facts of which Seller40, dS ' Iwaj'e that Could adversely and significanfiV affect the Buyer's use or swjoymont of the property oe, any411. intardad Use of the property, other than those d1solosure requIrerno03 oro,)tod by any, other law. Seller Is42, not obligated to update Buyer on any changet, Made to materled IaGt43 Of which Stiller 6 awaro that could43• adversely and *lgnjflcaf*y affect tile Buysr'D Use or onJoynient of the properly or any intended use of floe4d, property that occur, other than those (flaolosure mquirernerts created by any other law,
45. Walvdr Of the disclOsol'o roclutrod ' I under MN Statutes 613.62 through 5113RO doea not waive, Ilmit, or46, abridgo any obilgation for Seller idisclostirs created by any other 15w,
MN:I)S,GDA-I (8/10)
70.
71,
DISCLOSUP STATEMENT:
SELLEM'S DISCLOSURE ALTERNATIVES
Property ic oohed at
OTHER RE01,111RED DISCLOSUSES; 0 \J
NOTE; III addIV01 to elooting 017O Of 1110 at)M slterNOVOS to the rnateft) fact discioRuro, Minnosota law alsorequirossellers1:o pr'ovldo other, dleciozuroa to prospootho I)uyarq, such i's IMSO (118closures listed bclow, AddMonalsy, tharo may bo,other roqulrOd diSrlc&lroa by loderal, strata, local, orother goverrimmItal 011,,Itleethatarenotlistedbelow.
A. SUOSURFACE SEWAGE TPEAMENIT 8YSTEM DJSCLOSURE: (A sub3urface Sewage treatment syslarncitzolosurais *quirDd by MIN 5tatUtO I 15M,) (Chooj(t ppjoprJate boX,)
mailer csirtiffos that Se erODC)ES t0k DOES NOT know of a Subsurface sowegf,, treatment System on or serving11--.1--ta)
the above-dkisp0od real property. (It amiwer Is DOES, and the system dcas not roquha a State permnit, secaurf,qv? sawave TreaPront SY'Vom') Disciosww Statement: 511b;
There IS 4 SUbsuriaco sewi treal,I)erit system on or sorviing the cbove-cloqcrlbed real property, See Disclosure Statement; subsw*qoo senrage r(ontmenr System)
Thoro is an al)andoned SU1i)3(Ak1a008uWaue frotitment system on the a0ove-doscrlbed roll property. Sef" MR01o.goro statomont: substwhice Sewago Treatmonf,13)(Stom.)
M PRIVATE WELL DISCLOSURE,. (A well diaolosura'anid Cortifloate are required by MN Statnte 1031,235.) Chock spprcipriate bov,)
Sellor aeIrljlieo. that feller does not know of any walls on the above - described raal Property, Seller coalfies there are one or r?)Ore wells located on 1ho Rbovo•doscribod real property,. See D1scJos()t0 q(,q1qMqt?1., VV&il,)
Are 019M OI)Y w08 69rvir the tbove-desccdbed property that are not tQcatScl on the prop(3rty? , Yes N, 0ToY0LJ10101WIedge, is the property In a SPOCIUf Well Consttuctlon Area? EI Yes No
7P., C. VALUATION EXCLUSION DISCLOSURE. i(Req u Ired by MN Statute 27"I,11, Gubd, 113) M Tlioro IS NOT an oxclusi:o!i from rrarW value far home Improvemonte on this Property, Any valualloll
74, excluSiOtl sl4her"n[nate upon salool the property, and the proportys esllrnstod Marki lorproparty iaxpLi1poisos78" shall Increa.-G. if a Valuatloil cxclUsl0n, ext,,11A, Buyers ire encouraged to look into the resulting lax76, consequences.
77. Ad6tionai totriments;
719,
M D. FOREIGN INVESTMENT IN REAL PROPERTYTAX AC r ("FIFIPTA'T Scotian 1445 of the InWrnaf Revenue Ciodc-) 80. pfovide,,; that ri Iransferee ("Buyt)r") Of 8 (JnIt@(J States real P,'()PeJ•IY 4110rosl musl tie notified in wrltlng and mustBilMthholdtax the 11rarsteror ("Sellor") is aforeign person and no exceptlons from FIPPTA Withholding apply, 82. Seller roprasonig, that SellicirEl , (Le., a port-resIdent alton Individual, foreign onriporation, IS NOT a forelgirl persoil
tc, ech ....
61 foreign partnurship, foreign Irtisill or forolqn estate) for purposes Of: lnCOMe taxertion. This represonlation shall64, aurvive Ift closing of any linrisactlon involving file property described here.
815, NOM If thu above answer 4 F3uyer niay be subject to incorno tax withholding in Connection With the86, trai (Unlosa the transaction is covered by all RNAOM)IO exception to FIRPTA withholding), In87. n0ll-ex5rri trallsactlOns, Buyer Play be Pablo for the tax ll 8L1Y,0V falls to wPhold, 631 If glow above anawer Is "IS NOT,,' Buyor may wish to obtaln speoifio dOcUrnePtation flom Seller s?isiW, Buyer is oxempt from the MtlihcKng rectolraments as prescribed under Section 1445 of thaa Internal90, Revenue Code,
91, Due to the coniplGx4y and pot r11iaj eii of failing 10 OOMPty With MRPTA, n0udlng Buys]"s responsibility921forWinholdingtheapplicabletax, Buyer and SelleI shouici seek approprtake legal an lox edvice rogar:dlngq81FIMPTA00irriplionco, as the reepective licensees reprasontling Or 689191IM9 011her party will be Unable toKassu* elther party whether the leansaaflon IS exOmPt (Yom the FIRPTA WAiholding vequirements, MMMSDA-P (8)16)
Instarlefrorimi
DISCLOSURE StATEMENT.-
SELLER'S DISCLOSURE ALTERNATIVES
06 P ge, 3
0 iklv96. Propoq Ulocatedat1!
97, E. METHAMPHETAMINE PRODUCTION DISCLOSURC-:
98, (A rnetharilphetwnine production disolosuro Ic required by MN 818t0te 152,02*75, Sutid, 2 (m))
99, Boller is not zMaTO W OnY Me0)aMph0tRMlr'0 prod'U011011 Mal hR6 000cared On the Property, too Seller Is aware drat production fias o0corred or) the property. 101, -(,'300 Digctosvro Staloir*W: MaithRinphotamire Piodjj(,,(j0n,)
102, R RADON MCLOSURE:
103', ('1'IV f01fOwIr19 8081' disclosuresalfalles MN Steak to 144.496.)
104, RADON WARNING STATEMENT, The Knneaoi:F DoPartment of Heafth strM191Y 1`600rhmonds that Aij- 105, ficmebuyers havo an Indoor sedan fast performed p1lorto purchase or jai<lng oactjp'g.ncy, NI)d 1,9C, orn len VIn
levated radojj' voncemmtlorI8 o,n easily
106' tfle mdon levels rnitigated If elevated radon concentrations are found, t dR a
107, be reduced by il qUalifled, certified, Or licel'80d, If applinable, radon rHtlgatoj,,
108, Every buyer of any l"t6`061 Mn residenlinl real property Is notified that ihe property may prosant oxpostjra to109, darlgeeOU' , levels of indOor fadorl gas that May P1100 QccupAnts at risk of developing radon-Induced lijilg cancer. 110, Radon, a GIAss A human namlnoger, Is the leading cause Of lung cancer in nonsmakers and the, seo0nd teadIngi11. CUal.190 overall. The sailer of any Interest In residential real Properly 1i required to provide the buyer with arly1121, Information on radon test results of the dwelling,.
113. RADON IN REAL ESTATE:, f3y qjjgtnjr,V t1jis Stattwlent, Buyer hereby ecknowlodges r6c9lPi Of the Minuesota114. Departrnent of HeaPh's pubflcaliori enfitiled Rader) 10 0081 Estate ?),enaactfonA WN011 Is allached heroto andf15, Ggn be found 01
116, A seller who falls todisolose the Information required under MN StatAO 144,498, and Is awgito of mate0all ('gets117, pertaining to rorion concentrations in Ulu PrOperly, is hable to the Buyer, A buyer who i8 injurod by i violation of MN118, btaltuto 144.496 moy bring a civil Action and recQvor deimegos and rocolvo othor oquillablo r0of as determined by119, :he court, Any such action rmlat be cornmencod wlthh) two years aitor,tha dalo on which the buyer Closed the120, PL11`0110,8e or transfer of the real property.
121. SELLEIRIS REPPE$ENTATIONS-, The 1010wing are roprosohtntjos)s niado by Sefler to the extent ref Seller's actual192. knowledge.
23, (a) Radon te."I(s) L-J.HAVE4
HAVE NOfocourred on the property, for c yam)
124, (b) DoecM)e any known radon oonQentraticns, fi`1119,00n, or rennedlatfon, NOTE: Sollel,shall attach the most125, VUMMt records and reports perks rijilgi f0 radOn 001rvpritration ivitthin g7c dwGlfirtg',
12(1
127.
128,
129, (c) 'There Is
CtNJ IS NOT a radon r*19811011,9yatern GUNWIlY Installed on lhe properly,
130. If "Is", Seller ehafl disolwo, If known, Informat[on regarding the radon rn!tgation sya;tom, Including aystQnl131, descrlptlon and dMirrentation,
132,
ills,
134,
1360 Ga NOTICE REGARDING AIRPORTZONIN,G REGULATIONS- Tho property niq be in or near ail alj-port qhtely 70110136, with zoalng requlaflor)5 adwted by the govorning body that may affoct the property, Such zoning regulet[cps are137, filed with the footin(y recorder In each county whero the zoned "I' Ss i8 locatod, If you woQd like to dolarmine 11 suchIXzoningregolatiortiqaffoott1joproperty, you Ghoutd contact the county recorder wh(?1`0 tile zoned area Im, located.
lnsfonetrcom
DISCLOSURE STATEMENT:
SELLER'S DISCLOSUFJE ALTERNATIVES
9, palLP,4
140. Paciper located al
41, K NOTICE REGARDING CAREON MONOXIDE DETWTORS: 142. MN Stmtuto 2.99r-.51 roq jjres rjrbon Monoxide DOlactOrs to lbo located within ton (•10) feet from r111 sleap1j)q143, morns, Carbon Mor(oxioe Delleotors may or may not bra personal Pfooi ly and way of rray not by lr)cdud% 1r) tile144, S8,15 of the notno.
145, 1, WATIER INTRUSION AND MO D GROWTH, StKi es h&voshow i 1hat Vl3dGLIS f0lTn8 of watof Irtruslon affeod Tnany140. hornes, Water Invuslorl may ccoor from 0XV101'MoWuro onto0q the horne carat /or hilorlor molature leaving thA147. home,
1481 F--xamplos of exterior rno store sotirces may be149, 4 Improper flash Ing WoUnd Windows and doors, 150, 0 hrpropar grading, 151. # moodhg'
152, 0 roof leaks.
151 Exampfe,,, Of IrIteriOl'InDNStUre sources rnay be154, plumbing leaks,
1515, r condonsallon (caused by indoor humidity that is too hip or qwfa6os that are too (,old), 155, ovorflow from tuils, sinks, or tDjlots,
1, a7, flrawood: -Stored indoora,
158, humldlllw' use,
1519. w Inadequate vanflng of kltchon and bath humldfty, 160, A Improper vontlr)g of ojothlqs dryoroxhouat ou1dj)or8 (hicluding ralectrIcaf dryers), 161. IIne-drying laundry lrdoors,
16Z houwplants—waterlig lhern oan goriej,F4te I< rge alljoullts Of a, jur
168, In a dditlon io thio pofrslble stNjcr Ural diRln age wiicir Ir, 1rualor rray do to the propel, ly, walol, Inlru.Ior) mfly also t164, resultInthegrowthofmold, irnfldow, and other ftlng)- Mold growth MY alSo oausE) structural damage, to the p;°oporty. 165. Therefore, It is very Important to d6loot and ranitidlate water Intrtirlon, prol)jervq,
166, Fungl are present Fwerywhare In our e n0rofiment, both indoorc, And ouldoors. IVIany n)old6 are beneficial to hOrnai is. 167, Howeval, molds have the abj(ky to PtQduoe mycotcxSns thatmay hove a polentlaI to cause 9LIrfous IjOalth prolAerns, 168' particularly In some JI-nrjjLjt)OromprorlrIi6ed iridlvidoals and PeOPIO who have asthme or ollvr&s to mold,
169. TO oomi111%1;9 matters, mold rowth 18 often) difflOLdt to deleot, as it frequently grOW9 Within the wait SIMOtLire, If you170- hRve a voncern about water Intru8lon or 1110 tosulflng mold/mildewifung! grovd1h, you relay want tQ con8lder haOng171. tho prOpoety Inspected for riolstwe problarria b9fDrS e0t8rI1)g iFItO a PLItchase agreemeni or as a, conc?ltlon of your17P, purohase aprearrient, &tch an anadysjs is parklcUlarly adviznDlo If yoti observe stalring rjr any musty, odors on the173, omperly.
174, J, NOTICE REGAFtD[NG PREDATORY OFFENDER INFOSMATION: Information regarding the Ptodato?y175. oftwider registry and persolls efgistored vidth the predatory offondor regfstry under MN Stalute 243,166170, miry be obtained by conta0nq file focal law enforcement offices in the community where the property is177, 10000d 0111110 MInniesota Departmentof Corrections Rt (651)361-7200,ar Irorn the Doportment orCovreatlons173wOb3ItQatwww-corrAltatemimue.
MN:10$SUAA (&M6)
lmfclnalr(a Ms
DISCLOSURE STATEMENT;
SELLER'S UISCLOSURE A1,TERNATIVES
170. Pace
180, propqrtyloc' ated
181, K. SLILLER'SSTATEMENT.,
182. (To be sigoory at dri7e vflistinq ) 151" Seller(8) horoby authorize-, any lioorsee(a) rciorcaorflng or assisting ajq party(;O$) m this transactiori to provide184. a GOPY of this Dkiolosure Staterrient to any person or entity III 00111100110P With any aataW or ftrlk idatufj sale of the185prDperty, A sellor may Providu this DIsQ108ure StEliNrslli to 4 [Pal estate licen,Soa roprespr)tIng is p @ N186, , or ggg inPr0,SP0ohv(,- boyer, Thu Disolo%ae StSteilelit Provided to the real 83100 ficon.ses ropreserrojjjjg 0i- a88f6jjfjg a187, I)irospeullve buyer Is oorsldiRrecl to have b0011 PrOvid6d to the Prospective buye)% It this DIsclosore Statorneili Is186, pi'OVI ed to IhG real estate licensee repl'oeent1mg or assisting the pro,,;pontivsi bqc4T, U19 real t)oatc LU,vo buyer. 189, provide a copy to the prosp9c see M ls
AJ FtEFi H 180 -PARTY IN 8 PE C'rfioN if7 t) jo r Tsoiosurn, u Fder ai= 191, lnspectlon, Ukar Is oblIgatod to disclose to Buyor in w0flrigraf any riewor changed facts 01 which Sellatil aware1P2. ti'Ta:t could cidverwly and sIgnifleanily affect lh:0 9L1y9($ Lisa or enjoyrijerjj of the property or any Intended' use ftime01 ',10eiirlg, TO disclose now r)r (,hanged facts, Please ueo tho to
1 31 the PrDperty that occur up to the 0
194. 0J,5010SWIR &'WOMPr7t If)rM,
195, WAIVER. If Seflor and Birryer ages 10 WalVe the seller dllscllosura reqigreriient, Seller Is NOT oblignted to diso1mg196. and will NOT discioso any new or chtirgod Infornnation regarding lacts,
197, OTHER R CQUIRFC:i DISCLOSUIR Es (Sectio n a A-F)., W11 01IlGr SOW" 110 OlGctod a Qual& od-TIdlrd PariV In spectior 1198orWEjver, Soket is obligat(gi to noOfy Buyer, In wrking, Of allY "Oky'Or QNM90d facts rogarding Otfi(jr Roquir'U'Ji109, DiscIcau•es, up 10, the tiM0 of clo,rAng, 110 disclose now cr ch-,ingoci fLIW9. Plaazu Liao the Amendment to $9110ys200, Visclosurg form.
202. L, BUYER'S A0KNDWILEDGEMENT;
203, MO bO 61917011 at li(r)e of P(jr0he6o agreement)
204. [/We, 1119 Buyer(s) of the property, acknowlodge teceliet Hof thla 801fe0q 0r,5y"/Osvtio Altemativas form and ripteo to206, the sollor's dj8closurc option 80160tod In this fown, IAYe further agree thEit no reldresontalioT)s roqardlnV facts tiave206, been mado, other than those njado 11 jhIs foram. "P Disclosure StAternent is not a warranty or a guararrtoo of207011Ykindby30110" Or I Consoe reprosentirg or asslstlng any party in the transaction and' 18 not a suitable Su6slitute208, for carry inspections or warranPos the pariy(Ios) May with to obinln,
20R Thq nform itor (Jsclosed Is given to the best of the Sellees I(noWlqdpe,
210, 4tr 7
211. LISTING BROKER AND 11-101ENSUES MAKE NO AEP11ESENTATIONS HERE AND ARE212, NOT RESPONSIBLE FOR ANY CONDITIONS EXISTING ON THE PROPERTY.
MN:MSUA-S (rams)
Insfarl"IF01tA5
AXM|nme5ota hornes can have dangerous IcAMS ofnadomgos.Nmdnnisacoio/Yess odorless andtaytm|*smrodimqcdve gas that can xeop|ntobpmemftnm the sw#. When inha!ed /t can dm,a8ethe
UngG.LooQ ero/ exposure to radon can lead to lung cmmosr. About 21,0D0|Un~ cancer deaths eachye M the Dn to atexiracamsad yr»don.
The,oHyVvsVto know h0wNuch radon gas has enwa6 the honnm)mtocnnduc*a 14LHm5dnetes2in5horneae*c $pdth84. OpCVLactiom/eVe| ^ Whether o home hs old orne my' hone camh*mehigh!eve(aofmae*n.
Thn purpose nfthispUb|icationis$oedVrate and inform pnten a|hqrAe buyers, of the risks, ofradonexposure, and how to test for and reduce radon as part of real estate tmrsactio,ns,
NG
GfrectivnJmnumrV1,2814, the h8inneogaRadon
Awareness Act requires specific d/mcluaureand
uUvcationhe provided lopowndg/hmmebuyers
d ringnegdend| rea) estate. transactions In
Minnesota, Before signing w purchase Agreement
t$se||ortrmmm5aKrew|dentfw;mmifl property, the
y0ershwD Provide this, pub|icatiuo arid shall
d|sdoue|n writing to the bWYer:
1. whether mriWon test ortest- havmmccurnad
on the property;
2, the most rmrrent records and reports
pertaining tm radon conoen1nadonnwithin
the dwelling;
3. e description of any radon |ava/n,midg`Mqn'
orremadiuhom,
4, [nfbrmatlon oN the yadon nnitis)tionsys ern,
fasVoternwas |nota||ed;nnd
5, m radon warning 5tatomeot.
How dangerous |orudom? RmdmMb the number
one caummof lung mmnoerimoon-ummker4and
the second leading cayscovanaM. Your risk for
lung cancer iAcreasoam/&bNgher|evelsofradon,
prm/onged axposune, and whether, or not you are a
Current smoker nrformersmoker.
Where io your greatestexposure toradon? Fmr
mmmt M>n'ma&acs, YOVrgre*teStexposure is at
homm where radon can concentrate indoors,
What )5 tile recommended action based mniTty
results? |[thm average radmniniheh*me|sator
above 4.OpCi/L the home's radun level shou&(ibe
reduced, Also, Cons|dwrMAilti0udn@Uf radon /eve|s
ar bL'TweenZ.OpOyl and 19pCyL, Any unxoun!of
dcin, ever be!uvvthgrerOvwHnonded action level,
tarMessmme'rivh.
INDOOR AIR UNIT
MOH Radon Program
PO8mx (,4$75
5tPaWl,MN55164-0975
hea|Lh.in umr a w.n°n.uu
051-201'4801
Any test lasting lass thin three months reqUires
closed-house conditfons. Keep Ml windows aj)d
doors dosed, except for nornial entry and e,xit.
Before tasting, Begin closed- louse conditions at
leiast 12 hours before the start of the ridoti test,
During testing, Maliltaln closed-house condidons
during the entire dLrradon of the short-term
test, OPOF3te home heatrg or cooling systejl)s
flcrmallY dOr-109 the 1:05t, 'I"Ost for at Jemt 48 hours,
Where should the Wst I)a WndUded? Any radon
test, conducted fvr a real estate transaction needs
to be plr coci In then lowest livable area of the horne
sultable forOCcUpVnCy, This IS tYplcahy In the
hasernert, whether Wshed or unfinl5hed,
Place tiro test klt;
6 twonty inches to six feet qbcve the floor
0 at least three Feet from exterior w0s
o four lriche,5 away frorn other objects
o In a location where It won't be disturbed
o not ln enclased areas or, areaq of high heat
or humidity
HOW are radon tests conducted in real e-state
transactions? The,,e are spedal protocu s (or radon
teStitig. Tice two most corrmon ways to test are
either using a calibrated continuous radon monitor
0M) or two-short term tent kits used at the same
time, The short -terra test kits are placed 4 Incile5
apart and the results are averaged,
All radon tests should be, conducted by a cerfigpd
professional. THs ensuros the test was conducted
properlY, in the correct location, 9ndunder
appropriate building conciftions, A list of these
rAdOrl Measurement professiorja{,3 can be foond
at IV DH s Radon website, if the seller previously
conducted test,j)Ig in a property at or,60ve 4
the home shoulid be mitigated.
When eluva-t ed levels of radon are found, they can be e0sily reduced by R cRrOflied radon mltlgationprofe5sdoj)ai,
Radon rnitigaflon is the process used to redUcc rador concentrations in buildings, ThIs is done, bydrawingsoilgasfromunderthehOLISoalldventiII&I it above the r,00f, A quality Mlfl8adori systern shouldreducelovalstobelow4,0 pCi/l., it not lower,
After to radon mitigation system Is Installed perform an i`ndependent short-term test to ensure the
reductj(rn s0tern Is effective. Operate the radon systapn during the entire test, This test wjjS con(jrm lowlevelsinthehome, Be sure: to retest the house every twvo yc,.ars to Confirm cominued radon redticdon,
The Minneseto Dep,.7rtmcijt rf HeoIth 5tf0n9lYre`CWr?r7)Cnc/s thatAU hcmebuy rs hove? rjo Indoor rodon
test tierfi0rn?L'dP,riOr to purchase or taking occupancy cndreMPMcOds having the radon tevejs Mjrxgatedifefevoted061VMedrudollconcei7trotionsconeaSfi) be rpduced by riqualified, re•tifted, 001consed, if Crf)PiicfiWe, rad6n mitontor,
very buyer ofany interest jtj res0eirW01 MQ11arOPef'W is notiffed thot (hcl pioperty may prese)vj expostjre
to dungef?)Us If-lvels of indoor rodon gas that may piucv thc, or:rupajrrs at risk of d(!w?)op)ngj roden-inducedluOgconcerRadon, a Class ,A htimall -vrdnoqe0, is thc'IeO& 9 cause of lung cancpr in nonsmokers and tj?eesecondlave (ng c•ou5o ovprcti, 1-he SPYOr Of af;)a int-Orest 0 resfdrWfol real property is required to provirle, theNiYerWith (MY informa *n nei radon test results of the dwelling",
lnsfanetFoRom