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2023-4142
Authentisign ID: 627C2419-29BD-ED11-BA77-14CB652F4F5B CONTRACT #2023-4142 R E/MAX This form opP(JR �HAM� AG provadREnoacts IMiEN on REALTORSo, Synergy which dlDdalms eny freNlIty arEsIng aut of sage or rnlaua0 of thrs fonn. 0 2 02 2 Minnesota Ass odsllon of REALTORS*, MInnatonka, MN 1, Date February 02 2023 2. Page 1 3, BUYER (S): Columbia Heights Economic Development AuChorit 4. _ 6. Buyer's earnest money In the amount of 6. Five Thousand Dollars ($ 6, 000. 00 ) 7. shall be daIvered to listing broke or, If checked, toy] no later than two (2) Business ! emeel Monoy Hofdeer ----- 8. Days after Final Acceptance Date, Buyer and Seller agree that earnest money shall be deposfted In the trust account of 9. Earnest Money Holder as speclflad above w{thin three (3) Business Days of receipt of the earnest money or Final 10, Acceptance Date, whichever Is later. 11. Said earnest money Is part payment for the purchase of the property located at 12. Street Address: 4243 Sth Street NH 13. City of Columbia Heights , County of Anoka 14. State of Minnesota, Zip Code 55421 , legally described as Lot 26 Block 28 15. Columbia Heights Annex 16. Said purchase shall include all Improvements, fixtures, and appurtenances on the property, If any, Including but net 17. limited to, the following (collectively the "Property"); garden bulbs, plants, shrubs, trees, lawn watering systems, 18. In -ground pet containment systems (excluding collars); sheds; playlets; storm sashes, storm doors, screens, and 19. awnings; window ahad as and blinds; traverses, curtain and drapery rods, valances, draperies, curtains, and wlndow 20. coverings and treatments; towel rods; attaohad IIghting and bulbs; fan fixtures; plumbing fixtures; garbago disposals; 21. water softeners; water treatment systems; water heating systems; heating systems; air exchange systems; environmental 22. rarnediatlon systems (e.g„ radon, vapor Intwslon); sump pumps; N antennas, cable TV lacks and wlring, and TV 23. wail mounts; wall and cefling Speaker mounts; corpstln9; attached mirrors; garage door opan ors and al controls; smoke 24. detectors; daorb a[is; thermostats; rail Integrated phone and horns sutomat]on systems, Including necessary components 25. suoh as Intranet and Internet connected hardware or devices, control units (other than non -dedicated mobiIa devices, 26. electronics, and computers) and applicable software, permissions, passwords, codes, and access fnformatton; fireplace 27. screens, doors, and heatllators; ANY OF THE FOLLOWING, IF BUILT-IN: dishwashers, refrigerators, wine and beverage 28. refrigerators, trash compactors, ovens, cook -top stoves, warming drawers, microwave ovens, hood fares, shelving, 29. work benches, Intercoms, speakers, atr conditlonirig equipment, electronlo air fIRem, humidifiers and dahurn ldlfiors, 30. liquid fuel tanks and all controls, pool and spa equipment, propane tanks and all controls, security system aqulpment, 31. TV satellite d[shoe; the above -mentioned Inclu9lona AND the following personal property shall be transferred with no 32. additional monetary value, and free and clear of all liens and encumbrances: 33. 34. Notwithstanding the foregoing, leased fixtures are not Included. 35. Notwithstanding the foregoing, the following ftem(s) are excluded from the purchase: 36. 37. PURCHASE PACE: 38. Seller has agreed to sell the Property to Buyer for the sum of ($ 120, 000.00 ) 39, One Hundxad Tsang. Thousand Dollars, 40. which Buyer agrees to pay In the following manner: 41, 1, 100 percent (q(i} of the sale price In CASH, or more In Buyer's sole discretion, Including earnest money; 42. 2, percent (Qb} of the sale price In MORTGAGE FINANCING. (See following Mortgage Financing section.) 43, 3, percent (°rSj of the sale price by ASSUMING Seller's current mortgage. (See attached Addendum to 44. Purchase Agreement: Assumption Financing.) 46. 4. percent (%) of the sale price by CONTRACT FOR DEED. (See attached Addendum to Purchase 46. Agreement: Contract for Deed Financing,) 47. CLOSINGADATE: 48. The date of closing shall be On or B/F etaroh 31 2023 MN:PA-1 (8/22) Minnesota Realtors' TRANSACTIONS IeltwilmorIUM10e Authentisign ID:627C2419-29BD-EDI1-BA77-14CB652F4F5B PURCHASE AGREEMENT 49. Page 2 Date.Irab=°xy _ 02 2023 60. Property located at 4243 5th street tam Ccllunbia Heights 55421 61. 62. This Purchase Agreement ❑ IS Q IS NOT oubloct to the mortgage financing provisions below. If IS, complete the .....(Check one.)--- 63. MORTGAGE FINANCING section below. tf IS NOT, proceed to the SELLER'S CONTRIBUTIONS TO BUYER'S 64. COSTS section, 66. Such mortgage financing shall be: (Check one) 68. ❑ FIRST MORTGAGE only ❑ FIRST MORTGAGE AND SUBORDINATE FINANCING. 67. Buyer shall appiy for and secure, al Buyer's expense, a: (Check all that apply.) 68. ❑ CONVENTIONAL OR PRIVATELY INSURED CONVENTIONAL 69. ❑ DEPARTMENT OF VETERANS' AFFAIRS ("DVA-1 GUARANTEED 60, ❑ FEDERAL HOUSING ADMINISTRATION ("FHA") INSURED 61. ❑ UNITED STATES DEPARTMENT OF AGRICULTURE ("USDA") RURAL DEVELOPMENT 62. ❑ OTHER 63. mortgage In the amount stated in this Purchase Agreement, amortized over a period of not more than 64. years, with an Initial Interest rate at no more than percent ('A) per annum. The mortgage 65. application IS TO BE MADE WITHIN FIVE (5) BUSINESS DAYS after the Final Acceptance Date. Buyer agrees to 66. use best efforts to secure a commitment for such financing and to execute all documents required to consummate 67. said financing. 68. : This Purchase Agreement Is contingent upon the following and apples 69. to tha first mortgage and any subordinate financing. {Check ens,] 70. ❑ If Buyer cannot secure the financing specified In this Purchase Agreement, and this Purchase Agreement does not 71. close on the closing date speolfled, this Purchase Agreement Is canceled. Buyer and Seller shall Immediately 72. sign a Cancellation otPurchassAgiaernentconfirming said cancellation and directing all earnest money paid here to be 73. ❑ REFUNDED TO BUYER Q FORFEITED TO SELLER. 74. NOTE: If this Purchase Agreern ant Is subject to DVA or FHA financing, FORFEITED TO SELLER maybe prohibited. 75, See the following DVA and FHA Escape Clauses, 78, ❑ Buyer shall provide Seller, or licensee representing or assisting Seller, wlth the Written Statement, on 77, or before 78. For purposes of this Contingency, "Written Statement" means a Written Statement prepared by Buyer's mortgage 79. originator(s) or lender(s) after the Final Acceptance Date that Buyer Is approved for the loan(s) specified In this 80. Purchase Agreement, including both the first mortgage and any subordinate financing, If any, and stating that an 81. appraisal, satisfactory to the lender(s), has been completed and stating conditions required by Iander(s) to close 82. the loan, 83. Upon delivery of the Written Statement to Seiler, or licensee representing or assisting Seller, the obligation for 84. satisfying ell conditions required by mortgage orlglnator(s) or lender(s), except those conditions specified below, 86. are deemed accepted by Buyer: Be. (a) work orders agreed to be completed by Seller; 87. (b) any other financing terms agreed to be completed by Seller here; and 88. (c) any contingency for the sale and closing of Buyer's property pursuant to this Purchase Agreement. MNAA-2 (8/22) Mlnnesoto Realtors• 7RANIAMCN5 f�„ W'n Ivmr,mwu Authentisign ID:827C2419-29BD-EDIT-BA77-14CB652F4F5B PURCHASE AGREEMENT 89. Page 3 Date IPGbauaxq 02 2023 90, Property located at 4243_ 5th Street NTH Columbia Heights 55422 91. Upon delivery of the Written Statement, If this Purchase Agreement does not close on the stated closing date for 92. ANY REASON relating to financing, Including, but not limited to Interest rate and discount points, If any, then Boller 93. may, at Seller's option, declare this Purchase Agreement canceled, In which case this Purchase Agreement Is 94, canceled, if Seller declares this Purchase Agreement canceled, Buyer and Seller shot] Immediately sign a 95. Cancellation of purchase Agreement confirming said cancellation and directing all earnest money paid here to 96, be forfeited to Seller as Ilquldated damages, In the afternative, Safer may seek all other rernadlea allowed by law. 97, Notwithstanding the language In the preceding paragraph, Seller may not declare this Purchase Agreement 98, canceled If the reason this Purchase Agreement does not close was due to: 99. (a) Seller's failure to complete work orders to the extent required by this Purchase Agreement; 100. (b) Seller's failure to complete any other financing terms agreed to be completed by Seller here; or 101. (c) any contingency for the sale and closing of Buyer's property pursuant to this Purchase Agreement, except 102, as specified In the contingency for sale and closing of Buyer's property. 103. If the Written Statement Is not pro vlded by the date specified on line 77, Seller may, at Se)ler's option, declare this 104. Purchase Agreement canceled by written notice to Buyer at anytime prior to Seller receiving the Written Statement, 105. In which case thls Purchase Agreement Is canceled. In the event Sel ler doe laree th€s Purchase Agreement canceled, 106. Buyer and Seller shall Immediately algn a Cancellation of Purchase Agreement confInn ing sald cancellation and 107, directing all earnest money paid here to be ❑ RETAINED BY SELLER 0 REFUNDED TO BUYER, (Ch-k oorre.)--...___-..___._------- 108. If the Written Statement Is not provided, and Seller has not prsviotisiy canceled this Purchase Agreement, this 109, Purchase Agreement Is canceled as of the closing date specified In this Purchase Agreement, Buyer and Seller 110. shall Immediatelysign a Cancellation of Purchase Agreement confirming said cancellation and directing all earnest 111. money paid here to be ❑ RETAINED BY SELLER ❑ REFUNDED TO BUYER. -.... .��..._._ , check one,J------- r.......__-__- 112. " " : The Rate shall be locked with the lender(s) by Buyer: 113. (Check one.) 114. ❑ WITHIN FIVE (6) BUSINESS DAYS OF FINAL ACCEPTANCE DATE; OR 116. ❑ AT ANY TIME PRIOR TO CLOSING OR AS REQUIRED BY LENDER(S). 116. LENDER Seiler agrees to pay up to $ to make 117. repairs as required by the lender commitment. If the lender commitment Is subject to any work orders for which the 118. cost of making said repairs shall exceed this amount, Seller shall have the following options: 119. (a) making the necessary repairs; or 120. (b) negotiating the cost of making said repairs with Buyer; or 121. (c) declaring this Purchase Agreement canceled, In which case this Purchase Agreement is canceled, Buyer and Seller 122, shall Immediately eign a Canoelfaflon of Purchase Rgresmenf confirming said can c0Ilatlon and directing all earnest 123, mcney paled here to be refunded to Buyer, unless Buyer provides for payment of the cost of said repairs or escrow 124, amounts related thereto above the amount specified an line 116 of this Purchase Agreement, 125. ❑ SELLER ❑ BUYER agrees to pay any reinspectlon fee required by Buyer's lender(s), ..........,(Check a•,e.J.-----._... 126• : "it Is expressly agreed that, notwithstanding any other provfs!ons 127, of this contract, the purchaser shall not be abllgated to complete the purchase of the Property described here or to Incur 128. any penalty by forfelture of earriest money deposits or otherwlBe, unless tha purchaser has been given in accordance 129. with the Department of Housing and Urban Development ("HUD")IFHA or DVA requirements a written statement by the 130. Federal Housing Commissioner, Department of Veterans' Affairs, or a Direct Endorsement lender setting forth the 131. appraised value of the Property as not less than $ (eab Prue) 132. The purchaser shall have the privilege and option of proceeding with consummation of the contract without regard 133. to the amount of the appraiser) valuatlon. The appraised valuation Is arrived at to determine the maximum mortgage 134. HUD will insure; HUD does not warrant the value not the condition of the Property. The purchaser should satisfy hlmse4fl 135, herself that the price and condition of the Property are acceptable," M"'PA-3 (e/22) Minnesota IgRealtorse lf)TA nk,n. ,'A cmroe Authentisign ID: 827C2419-29BD-EDI1-BA77-14CB652F4F5B PURCHASE AGREEMENT 136. Page 4 Date r6bxunry 02 2023 187. Property located at 4243 3t h street: Na Columbia Heights 55321 138. , DVA Fln.eah$ bn1y): Seller agrees to pay Buyer's closing fees and 139. miscellanaous processing fees whloh cannot be charged to Buyer, not to exceed $ 140. This amount is In addition to Seller's Contributions to Buyer's Costs, If appllcable. 141, . Pursuant to federal regulations, a one-time Funding Fee based on ban 142. amount must be paid at the closing of this transaction as follows: 143. 144, paid by Buyer ❑ AT CLOSING ❑ ADDED TO MORTGAGE AMOUNT ... __. _.. _........ ---_--.........._ one �-..�_��_.....-----....... paid by Seller - 145. NOTE: OVA regulations limit the fees and charges Buyer can pay to obtain a OVA loan, 146'VIA Flu inal no amig BE : "It Is expressly agreed that, 147. notwithstanding any other provisions of this contract, the purchaser shall not Inaurany penalty by forfeiture of earnest 148. money or otherwise bB obligated to complete the purchase of the Property deschbed here, If the contract purchase 149. price or cast exceeds this reasonable value of this Property established by the Department of Veterans' Affairs. The 150. p u rchaser sh all, however, have the privilege and option of proceeding with the consummation of this oontract without 151. regard to the amount of reasonable value established by the Department of Veterans' Affairs," 152. NOTE: Verify OVA requirements relating to payment of all special assessments levied and pending, and 163, annual Installments of speclal assessments cert€fled to yearly taxes. 154, 165. _ .. . 156, SELLE ' 157. Seller❑ IS Q IS NOT contributing to Buyer's costs. If answer is IS, Seller agrees to pay at olosing, up to: (Check one) 158. ❑ $ 169. ❑ percent (%) of the safe price 160. towards Buyer's dosing fees, title service fees, tltie searches, title examinations, abstracting, lender's title Insurance, 161. owner's title insurance, prepaid items, other Buyer's costs allowable by lender, If any, andlormortgage disco untpolnts, Any 162, amount of Seller's contribution that exceeds Buyer's allowable costs, or which cannot be used because Seller's 163, contribution exceeds the maximum Seller contribution allowed by law or by mortgage requiremants, shall be retained 164. by Seller, 165. NOTE: The amount paid by Seller cannot exceed the maximum Seller contribution allowed by FHA, DVA, or 166. lender. All funds paid by Seller on behalf of Buyer must be stated on the Closing Disclosure at closing, 167, 168. Buyer has been made aware of the availability of Property Inspections. Buyer[] ELECTS Q DECLINES to have a 169. Property Inspection performed at Buyer's expense. -1•---- ---tcheck 67 j-" 170. This Purchase Agreement ❑ IS [Kf IS NOT contingent upon any Inspect[on (s) of the Property obtalnad by Buyer to ----••{Cl>epk are,}-... 171. determine Its condition, Including any non•intruaivetesting or any Intrusive testing as allowed pursuant to this Purchase 172, Agreement. 173. Any inspeotion(s) or test(s) small be done by an Inspeotor(s) or tester(5) of Buyer's choice. Buyer shall satisfy Buyer 174, as to the qualifications of the Inspeotor(al or tester(s). For purposes of this Purchase Agreement, "intrusive testing" 176. shall mean any testing, Inspection(a), or Investigafion(s) that changes the Property from Its original condition or 176. otherwise damages the Property. 177. Seller ❑ DOES ❑ DOES NOT agree to allow Buyer to perform Intrusive testing or Inspectlon(s). __..._..-MhKk ore j---....__,.. 178. If answer Is DOES, Buyer agrees that the Property shall be retumed to the same condition It was In prior to Buyer's 179. Intrusive testing at Buyer's sole expense, MN;NA 4 (8/22) j,�Mlnnesota tr:[�o Realtors' TRANSACTIO1U r, m,,,nvmut[nlfw Authentisign ID: 827C2419-29BD-ED11-BA77-14CB652F4F5B PURCHASE AGREEMENT 180. Page 5 Date Irab"Ary 02 2023 181. Property located at 4243 ath street HE Columbia Heights 35421 182, Seller will provide acoess to attic(s) and orawlspece(e). 183. Within Calendar Days of Final Acceptance bate, all Inspectlon(s), test(s), and resulting negotiations, If any, 184• shall be done ("Inspection Period"). 165, if this purchase Agreement is contingent upon lnspectlon, Buyer may cancel this Purchase Agreement based on the 186, Inspeotion(s) or test results) by providing written notice to Seiler, or licensee representing or assisting Seller, of Buyer's 187. Intent to cancel no later than the and of the Inspection Period. If Buyer cancels this Purchase Agreement, Buyer and 188. Seller shall immediately sign a Cancellation of Purchase Agreement confirming sold cancellation and directing ail 189. earnest money paid here to be refunded to Buyer, If Buyer does not cancel this Purchase Agreement before tha and 190, of the inspection Period, then this lnspectlon Contingency shall be deemed removed and this Purchase Agreement 191. shalt be in full force and effect, 192. OTHER IMSE!ECTION ITEMS-, 193. 194. 195. 196. j3 ' 197. (Check one.) 198, ❑ 1. This Purchase Agreement Is subject to an Addendum to Purchase Agreement, Sale of Buyer's Property 199. Contingency for the sale of Buyer's property. (If checked, see attached Addendum.) 200. OR 201. ❑ 2. This Purchase Agreement Is contingent upon the successful closing on the Buyer's property located at 202• which is scheduled to close on 203• pursuant to a fully executed purchase agreement, If Buyer's 204. property does not close by the closing date specified in this Purchase Agreement, this Purchase Agreement 205. Is canceled. Buyer and Seller shell Immediately sign a Cancellation of Purchase Agraamenr oonfirming said 200. canoellatlon and directing all earnest moneypaid here to be refunded to Buyer, Tha [anguaga In this paragraph 207. supersedes any other provislon to the contrary In arty financing contingency made a part of this Purchase 208. Agreement, If applicable, 209. OR 210. [] 3. Buyer represents that Buyer has the financial ability to perform on this Purchase Agreement without the sale 211. and closing on any other property. 213. REAL-ESTATE TA%E,9: Seller shall pay on the date of closing all real estate taxes due and payable In all prior years 214. Including all penalties and Interest. 215. Buyer shall pay Z PRORATED FROM DAY OF CLOSING ❑ ALL [] NONE ❑ /12the OF real estate taxes --._.......__»....».»............------._........-..�,sek ono.1-----�._�__.r_-.._...____._..._.�. _------- 21 e. due and payable In the year of closing. 217, Seller shall pay(g]PRORATED TODAYOFCLOSING❑ALL❑NONE❑ /12thsOFrealestatetaxesdueand 218. payable In the year of closing. 219. If the Property tax status Is a part- or non -homestead classification In the year of closing, Seller[] SHALL[K SHALL NOT 220. pay the dlfferenoe between the homestead and non -homestead. 221 • Buyer shall pay real estate taxes due and payable In the year following closing and thereafter, the payment of which 222. is not otherwise here provided. No representations are made concerning the amount of subsequent real estate taxes. MN:PA-5 (9/22) Minnesota Realtors' TRAWAMoN5 mro�� wx e, LLW Aulhenlisign ID: 627C2419-29BD-ED11-BA77-14CB652F4F5B PURCHASE AGREEMENT 223. Page 6 Date Sebruary 02 2023 224. Property located at 4243 5t:h Street H9 Columbia Hai ht;s 55421 226 228. [1 BUYER- SHALL PAY ❑x SELLER SHALL PAY on date of closing any deferred real estate taxes e.g., Green .... ........... Mhaok_- 227. Acres) or special assessments, payment of which Is required as a result of the closing of this sale. 228. ❑ BUYER AND SELLER SHALL PRORATE AS OF THE DATE OF CLOSING 2] SELLER SHALL PAY ON 229. DATE OF CLOSING all Installments of special assessments certified for payment, with the real estate taxes due and 230. payable In the year of closing, 231. ❑ BUYER SHALL ASSUME [K SELLER $HALL PAY on date of closing all other spooled assessments levied as 232. of the Date of thle Purchase Agreement, 233. ❑ BUYER SHALL ASSUME d SELLER SHALL PROVIDE FOR PAYMENT OF special assessments pending as 234. of the Date of thie Purchase Agreementfor Improvements that have been ordered by any assessing authorities- (Seller's 235. provision for payment shall be by payment Into escrow of two (2) times the estimated amount of the assessments 236. or less, as required by Buyer's lender.) 237. Buyer shn?l pay any unpaid special assessments payable In the year following closing and thereafter, the payment of 238. which Is not otherwise here provided. 239. As of the Date of this Purchase Agreement, Seller represents that Seller [] HAS ❑X HAS NOT received a notice 240. regarding any new Improvement project from any assessing authorities, the costs of which project may be assessed 241, against the Property, Any such notice received by Seller after the Date of this Purchase Agreement and before olcsIng 242. shall be provided to Buyer Immediately. ff such notice Is Issued after the Date of this Purchase Agreement and on 243. or before the date of closing, then the parties may agree In writing, on or before the date of closing, to pay, provide 244. for the payment of, or assume the special assessments. In the absence of such agreement, either party may declare 248. this purchase Agreement canceled by written notice to the other party, or (Ican eee representing or assisting the other 246. party, In which case this Purchase Agreement is canceled. If either party declares this P urc has a Agre am ant canceled, 247. Buyer and Seller shall immediately sign a Cancellation of Purchase ,agreement confirming said cancellation and 248. directing all earnest money paid here to be refunded to Buyer. 249. 250' : This Purchase Agreement ❑ IS d IS NOT subject to 251. cancellation of a previously executed purchase agreement dated -------{Check 252. (If answer Is IS, said cancellation shall be obtained no later than 263. If said cancellation is not obtalned by said date, this Purchase Agreamentls canceled. Buyerand Sellershall Imrnedlately 254. sign A Cancellatlon of Purchase Agreement confirming said cancellatlon and directing all earnest money paid here to 255. be refunded to Buyer.) 256. : Upon performance by Buyer. Seller shall deliver a: (Check on a.) 257. K❑WAR RANTYDEEO❑PERSONAL REPRESENTATIVE'S DEED❑CONTRACT FOR 0EED❑TRUSTEE'S1]Erm 258, 269, ❑ OTHEA,- DEE0 jolnad fn by spouse, If any, conveying marketable title, sut lect to (a) building and zoning laws, ordlnanceB, and state and federal regulations; 260, (b) restrictions relating to use or Improvement of the Property without effective forfeiture provisions; 261. (c) reservation of any mineral rights by the State of Minnesota; 262. (d) utility and drainage easements which do not interfere with exlsting Improvements; 263, le) rlghtsof tenants as faIIows (unless specified, not subject to tenancies): 264. 285. (f) others (must be specified In writing): ;and 266. MNSA-8 (842) Minnesota Realtorse IF)TRANSACTION! h,n[Htlm{Yc,k l,1lk. Authentisign ID: 827C2419-29BD-EDIT-BA77-14CB652F4F5B PURCHASE AGREEMENT 267. Page 7 Date Sebruaxy 02 2023 268. Property located at 4243 Sth Street NE Columbia selghf s 55421 269. EDISE2 IUD N: Seller shall deliver possession of the Property: (Check one) 270. © IMMEDIATELY AFTER CLOSING; or 271. ❑ OTHER: 272. Seller agrees to remove ALL DEBRIS AND ALL PERSONAL PROPERTY NOT INCLUDED HERE from the Property 273. by possession date. 274, LINKED DEV;QEa. Seiler warrants that Seller shall permanently disconnect or dlscontlnue Seller's access or, service 275. to any device or system on or serving the property that Is connected or controlled wirelessly, via Internet protocol (" lf''j 276. to a router or gateway or directly to the cloud no later than delivery of possession as speclfled In this Purchase 277. Agreement. 278. MRATION& All Interest; unit owners' association dues; rente; and charges for city water, city sewer, electricity, and 279. natural gas shall be prorated between the parties as of date of closing. Buyer shall pay Seller for remaining gallons of 280. fuel all or liquid petroleum gas an the day of closing, at the rate of the last fill by Seller. 281. TITLE AND EXAMINATION: As qulokly as reasonably possible after Final Acceptance Date: 282. (a) Seller shall deliver any abstract of title and a copy of any ownor's title Insurance policy for the Property, Ii 283. 1n Seliar's possession or control, to Buyer or Buyer's designated title service provider. Any abstract of title or 264. ovmer's title insurance policy provided shall be immediately returned to Seller, or licensee representing or 285. assisting Seiler, upon cancellation of this Purchase Agreement; and 28E, (b) Buyer shall obtain the title services determined necessary or desirable by Buyer or Buyer's lender, including 287. but nat limited to tltie searches, tItie examinations, abstracting, a title Insurance commitment, Oran attomey's 288. title opinion at Buyer's selection and cost and provide a copy to Seiler. 289. Seller shall use Seller's best efforts to provide marketable title by the date of closing. Seller agrees to pay all costs 290. and fees necessary to convey marketable title including obtaining and recording all required documents, subjeot to 291. thefollowfng: 292. In the event Seller has not provided marketable title by the date of closing, Seiler shall have an additional thirty 293. (30) days to make title marketable, or In the alternative, Buyer may walva title defeats by written notice to Seiler. In 294. addition to the thirty (3Q)-day extension, Buyer and Seller may, by mutual agreement, further extend the closing 295. date. Lacking such extension, either party may declare this Purchase Agreement oance ed by written notice to 296. the other party, or licensee representing or assisting the other party, In which case this Purchase Agreement Is 207. canceled. If either party deciam this Purchase Agreement canceled, Buyer and Seller shall Immediately sign a 298. Cancellatlon of Purchase Agreement confirming said cancellation and directing all earnest money paid here to 299. be refunded to Buyer. 300. SIBDIVIISION OF I ND, BOUNDARIES,-AND-ADLMa; If this sale constitutes or requires a subdivision of land 301. owned by Seller, Seller shall pay all subdivision expenses and obtain all necessary governmental approvals, Seller 302. warrants that the legal description of the real property to be conveyed has been or shall be approved for recording 303, as of the date of closing. Seller warrants that the buildings are or shall be constructed entirely within the boundary 304. lines of the Property. Seller warrants that there Is a right of access to the Property from a public right-of-way. 305. MECHANIC'S LIEbM: Seller warrants that priorto the closing, payment In full will have bean made forall labor, materlafs, 306. machinery, fixtures, or tools furnished within the 120 days Immediately preceding the closing In connectlon with 307. construction, alteration, or repair of any structure on, or Improvement to, the Property, 308. QTICES-.Seller warrants that Seller has not received any notice from any governmental authorftyas to condemnation 309. proceedings, or violation of any law, ordinance, or regulation. If the Property Is subject to reatrfotive covenants, Seller 310. warrants that Seller has not reoelved any notice from any person or authorlty as to a breach of the covenants. Any 311. such notices received by Seller shall be provided to Buyer Immediately. Discriminatory restrictive covenants (e.g. 312. provislons agal net oenvoyanee of property to any person of a speclfled rellgioua faith, creed, national origin, race, or 313. color) are Illegal and unenforceable. An owner of real property may {permanently remove such restrlctive covenants 314. from the title by recording a statutory form In the office of the county recorder of any county where the property is located. 315. pJbpENSiDNS; Buyer acknowledges any dimensions, square footage, or acreage of land or Improvements provided 316. by Seller, third party, or broker representing or assisting Seller are approximate. Buyer shall verify the accuracy of 317. Information to Buyer's satisfaction, If material, at Buyer's sole cost and expense. 318. ACCESS AGREEfiAEN Seller agrees to allow reasonable access to the Property for performance of any surveys or 319. Inspections agreed to here. Minnesota MN; PA-7 (8122) Rea ltors" TRANSAMIoN9 fnm,uiniOeM [coat Authentisign ID: 827C2419-29BD-EDI1-BA77-14CB652F4F5B PURCHASE AGREEMENT 320. Page 8 Date February 02 2023 321. Property located at 4243 3th Street NX Columbia Heights 55421 322. F31.f# DF L(-SS: if there Is any loss or damage to the Property between the Date of this Purchase Agreement and 323. the date of closing for any reason, Including fire, vandalism, flood, earthquake, or act of God, the risk of loss shall be 324, on Seller. If the Property Is destroyed or substantlaliy damaged before the closing date, this Purchase Agreement 326. is canceled, at Buyer's option, by written notice to Seller or licensee representing or ass lot Ing Seller. If Buyer canCole 326. this Purchase Agreement, Buyer and Seller shall Immediately sign a Cancellation of Purchase Agreement confirming 327, said cancellation and directing all earnest money paid here to be refunded to Buyer. $28, : Time Is of the essence in this Purchase Agreement. 329. : Any calculaucin of days begins on the first day (Calendar or Business Days as specified) 330. fallowing the occurrence of the event speolfled and Includes subsequent days (Calendar fir Business bays as specified) 331, ending at 11:69 P.M. on the last day. 332. : "Business Days" are days which are not Saturdays, Sundays, or state or federal holidays unless 333. stated elsewhere by the partles In writing. 334. CALENDAR MS: "Calendar Days" Include Saturdays, Sundays, and state and federal holidays. For purposes of 335. this Agreement, any reference to "days" means "Calendar Days" unless otherwise required by law. 336. : Buyer and Selleragree that the Earnest Money Holder shall release earnest money 337. from the Eamest Money Holder's trust account: 338. (a) at or upon the successful closing of the Property; 339. (b) pursuant to written agreement between the parties, which may be reflected In a Cancellat/on of Purchase 340. . Agreement executed by both Buyer and Seller; 341. (0) upon receipt of an affidavit of a cancellation under MN Statute 559.217; or 342. (d) upon receipt of a court order. 343. DEFAULT: if Buyer defaults in any of the agreements here, Seller may cancel this Purchase Agreement, and any 344. payments made here, Including earnest money, shall be retained by Seller as liquidated damages and Buyer and 345, Seiler shall affirm the same by a written =1061iatlon agreement. 346. If Buyer defaults In any of the agreements here, Seller may terminate this Purchase Agreement under the provlslons 347. of either MN Statute 659.21 or MN Statute 659.217, whichever Is applloebIa. If either Buyer or Seiler defaults in any 348. of the agreements here or there exists an unfulfllie d condition after the date specified for fulfillment, either party may 349. cancel this Purchase Ag reement under MN Statute 559.217, Subd. 3. Whenever It Is provided Isere that this Purchase 350. Agreement Is canceled, said language shall be deemed a provision authorizing a Declaratory Cancellation under MN 351. Statute 569.217, Subd. 4. $62. If this Purchase Agreement Is not canceled orterminated as provided here, Buyer or Seller may seek actual damages 353. for breach of this Purchase Agreement or spec€fic performance of this Purchase Agreement; and, as to specific 354. performance, such actlon must be commenced within six (6) months after such right of action arises, 355. : Information regarding the predatory offender 356. registry and persons registered with the predatory offender registry uncier MN Statute 243.166 may be obtained 357. by contacting the local law enforcement offices In the community where the Property Is located or the Minnesota 358. Department of Corrections at (661) 361-7200, or from the Department of Corrections web site at 359. www.corr.state.mn.us. 360. BUYER HAS THE RIGHT TO A WALK-THROUQH REVIEW OF THE PROPERTY PRIOR TO CLOSING TO 361. ESTABLISH THAT THE PROPERTY IS IN SUBSTANTIALLY THE SAME; CONDITION AS OF THE DATE OF 362. THIS PURCHASE AGREEMENT. 363. BUYER HAS RECEIVED A; (Check any that apply,) ❑ DISCLOSURE STATEMENT: SELLER'S PROPERTY 364. DISCLOSURE STATa=MENTORA❑K DISCLOSUREST,4TEMEN7:SELLER'SDISCLOSUREALTERNATIVESFORM, 366. pESC.{j1PTION OF PROpEgrCONDIT : See ,Disclosure Statement, Sellers Property Disclosure Statement or 366. Disclosure Statement., Seflers Disclosure Alternatives for descrlptlon of disclosure responslbllltles and limitations, If 367. any. 368. BUYER HAS RECEIVED THE INSPECTION REPORTS, IF REQUIRED BY MUNICIPALITY. 369. BUYER IS NOT RELYING ON ANY ORAL REPRESENTATIONS REGARDING THE CONDITION OF THE PROPERTY 370. AND ITS CONTENTS, E 5 MN:PA-6 (&22) Minnesota [KReaftorso TRANBA pnTIQN8 ! tt.mliiWlen Authentisign ID: 627C2419-29BD-EDIT-BA77-14CB652F4F5B PURCHASE AGREEMENT 371. Page 9 Date Febru"y 02 2023 372. Property located at 4243 bbh street NA Columbia Heights 55421 373. (Check appropriate boxes j 374. SELLER WARRANTS THAT THE PROPERTY IS EITHER DIRECTLY OR INDIRECTLY CONNECTED TO: 375. CITY SEWER Q YES ❑ NO / CITY WATER © YES ❑ NO 376. 377. SELLER ❑ DOES [K DOES NOT KNOW OF A SUBSURFACE SEWAGE TREATMENT SYSTEM ON OR . —._.- -fCReok one.). 378. SERVING THE PROPERTY. (If answer Is DOES, and the system does not require a state permit, see Disclosure 379. Statement. Subsurface Sewage 7teatmentSystem.) 880. PRIVATE WELL 381. SELLER ❑ DOES ❑X DOES NOT KNOW OF A WELL ON OR SERVING THE PROPERTY. 382. (If answer Is DOES and well Is located on the Property, see Disclosure Statement. WON.) 383. THIS PURCHASE AGREEMENT[-] IS 0 IS NOT SUBJECT TO AN ADDENDUM TO PURCHASE AGREEMEM,' ---(Check one.7----- 384. SUBSURFACE SEWAGE TREATMENT SYSTEMAND WELL INSpECTjoN CONTINGENCY. 385. (If answer Is 19, see attached Addendum.) 366, IF A WELL OR SUBSURFACE SEWAGE TREATMENT SYSTEM EXISTS ON THE PROPERTY, BUYER HAS 387. RECCEIVEDADISCLOSURE S7ATE'MENT WELL AND/OR ADISCLOSURESTATEMENr SUBSURFACE SEWAGE 388. TRE'ATME'N r SYSTEM. 389. HOME PROTECTImmo ANTY PLAN: Buyer and Seller are advised to Investigate the various home protection/ 390. warranty plans available for purchase. Different home protection/warranty plans have different coverage options, 391. exclusions, limitations, and service fees. Most plans exclude pre-existing conditions. (Chack one.) 392. ❑ A Home Protection/Warranty Plan will be obtained by ❑ BUYER ❑ SELLER and paid for by 393. ❑ BUYER [ SELLER to be Issued by 394. at a cost not to exceed $ 395. 0 No Home Protection/Warranty Plan Is negotiated as part of this Purchase Agreement. However, Buyer may elect 396. to purchase a Home Protectlon/Warranty Plan. 397. 398. Peter T Heryla/John X Rockwall (uoeneee) 399. RE/MX Synergq (Real Estate Company Name) 400. Pater T Reryla/John M Rockwell (Uoarsaa; 401, RI/MM $yrsrgy OW Estate Company Name) Is ❑ Seller's Agent ❑ Buyer's Agent Dual Agent ❑ Facilitator. ....... _.. _..._..__._..__......_............. fc wlj! oro.--•.-------•---•...._—._.-......`_ Is ❑ Seller's Agent ❑ Buyer's Agent Z Dual Agent ❑ Facilitator. 402. THIS NOTICE DOES NM SATISFY MINNESOTA STATUTORY AGENCY DISCLOSURE REQUIREMENTS. MN:PA-9 (8/22) gMlnnesota Realtorse T gmxBAN5ACTiEitl0N5 fV.,pv.k [l. Authenlisign ID: 627C2419-29BD-EDIT-BA77-14CB652F4F5B 404. Property located at 4243 PURCHASE AGREEMENT 403. Page 10 Date February 02 2023 Stth Street NZ CaLwbia Heights 55421 406. 406. PLEASE CHECK DNEOF THE FOLLOWING SELECTIONS: 407. ❑ Dual Agency representation DOES NOT apply In this transaction, Do not complete lines 408-424. 408, 21 Dual Agency representation DOES apply In this transaction. Complete the disclosure in lines 40g-424. 409. Broker represents both the Seiler(s) and the Buyer(s) of the Property Involved in this transaction, which creates a 410. dual agency, This moans that Broker and Its salespersons owe fiduclary duties to both Selfer{s) and Buyer(s). Because 411, the parties may have confilcting Intereata, Broker and Its salespersons are prohibited from advocating exclusively for 412, either party. Broker cannot act as a dual agent In this transaction without the oonsent of both Seiler(a) and Buyer(s). 413. Seller(s) and Buyer(s) acknowledge that 414. (1) confidential Informatlon communicated to Broker which regards price, terms, or motivation to buy or soil will 415. remain confidential unless Seller(a) or Buyer(s) Instructs Broker In writing to disclose this Information. Other 416. Information will be shared; 417. (2) Broker and its salespersons will not represent the Interest of either party to the detriment of the other, and 418. (3) within the limits of duat agency, Broker and Its salespersons will work diilgently to fa❑fiitate the mechanics of 419. the sale. 420. With the knowledge and understanding of the explanation above, Sellers) and Buyer(s) authorize and Instruct Broker 421. and Its aiasperson to act as dual agents In this transaction. 422. Seller. POA 423. Seller Buys. 424. Date 03/07/23 Date `l- 425. S'DLIN, COSTS: Buyer or Seller may be required to pay certain closing costs, which may effectively Increase the 426. cash outlay at closing or reduce the proceeds from the sale, 427. SETTLEMENT STATERM Buyer and Seller authorize the title company, escrow agent, and/or their representatives 428. to disclose and provide copies of the diaburaing agent's settlement statement to the real estate 11conaaes Involved 429. In the transaction at the time these documents are provided to Buyer and Seller. 430. FOREIGN IN](EJ11 M NT IN REAL. pROPERTY TAX AC14 REM. 3: Section 1445 of the Internal Revenue Code 431, provides that atransferea ("Buyer") of a United States real property interest must be notified in writing and must withhold 432. tax If the transferor ("Seller") Is a foreign person and no axcepilons from FIRPTA withh0IdIng apply. Buyer and Seller 433, agree to comply with FIRPTA requlrem anto under Sea ticn 1445 of the Internal Revenue Code. 434. Seiler shall represent and warrant, under the penalties of perjury, whether Seller Is a "foreign person" (as the same 436. Is defined within FfRPTA), prior to closing, Any representations made by Seller with respect to this Issue shall survive 436, the closing and delivery of the deed, 437, Buyer and Seller shall complete, execute, and deilver, on or before closing, any Instrument, affidavit, or statement 488. reasonably necessary to comply with the FIRPTA requirements, including delivery of their respective federal taxpayer 439, Identification numbers or Social Security numbers, 440. Due to the complexity and potential risks of Falling to comply with FIRPTA, Including the Buyer's rasponslbllfty for 441. withholding the applicable tax, Buyer and Salter ahouid seek appropriate logo and tax advice regarding FIRPTA 442, compliance, as the respective licensee's representing or asslating either party will be unable to assure either 443, party whether the transaction Is exempt from FIRPTA withholding requirements. MNAA-10 (e/22) gMlnnesota Realtorst TAANSACTIONG ttm„nWtjp40 Ffiim AuthentisignID: 827C2419-29BD-ED11-BA77-14CB652F4F58 PURCHASE AGREEMENT 444. Page II Date Febr"nry 02 2023 445. Property located at 4243 ath street Na Columbia Heights 55421 446. FULLY EXECUTFDPURCHASE.6 lit=EMENIAND FINAL AQQEPTanIQE:Tobebind Ing,this Purchase Agreement 447. and all addenda. must ba fully executed by both parties and a copy must be delivered. 448. ELECTRDNIC IG UgI RE5: The parties agree the electronic signature of any party on any document related to 449. this transactlon constitute valid, binding signatures. 450. f NTIREE AGREEMENT; Th1s Purchase Agreement and all addenda and amendments signed by the parties shall 451. constitute t h a entlre agreement between Buyer and Seller, Any other written ororal com rn u No at to n between Buyerand 452. Seller, including, but not limited to, e-malls, text messages, or other electronic communications are not part of this 453. Purohase Agreement. This Purchase Agreement can be modified or canceled only In writing signed by Seller and 454. Buyeror by operation of law, All monetary sums are deemed to be United States currenoy for purposea of this Purchase 455. Agreement, 456. gURVIVAL,: All warranties spedfled in this Purchase Agreement shall survive the delivery of the deed or contract 457. for deed. 458. ME l lil$ PAIR ±L&5B AQMMEhM Date of this Purchase Agreement to be defined as the date on ins one 459. (1) of this Purchase Agreement. 460. OTHER: 461. 462, 483. 464. 485. 466. 467. 488. 469. 470. AUDENDA: The following addenda are attached and made a part of this Purchase Agreement. 471. NOTE: Disclosures and optional Arbitration Agreement are not part of this Purohase Agreement. 472. ® Addendum to Purchase Agreement 473, Addendum to Purchase Agreement: Addltfanaf Signatures 474, ❑ Addendum to Purchase Agmemant Assumption Financing 475. ❑ Addendum to Purchase Agreement Buyer Move -In Agreement 476. ❑ Addendum to Purchase Agreement. Buyer Purchasing "As Is" and Limitation of Seller Liability 477. ❑ Addendum to Purchase Agreement. CondominlumlTownhouse/Cooperative Common Interest Community 478. ("CIC") 479. ❑ Addendum to Purchase Agreement Contract for Deed Flnancing 480. © Addendum to Purchase Agreement Disclosure of Information on Lead -Based Paint and Lead -Based Paint 481. Hazards 482. ❑ Addendum to Purchase Agreement Sale of Buyer's Property Contingency 483. ❑ Addendum to Purchase Agreement Sellert Rent Back Agreement 484. ❑ Addendum to Purchase Agreement. Sellers Purchase/Lease Contingency 485. ❑ Addendum tc Purchase Agreement: Short Sale Contingency 486. ❑ Addendum to Purchase Agreement., Subsurface Sewage 7leatment System and Well Water Inspection Contingency 487. ❑ Other: WPM (02) Minnesota 1911ealtors• 7RANSAC TION 6 Dns,tsle. D.a 66W. Authentisign ID:827C2419-29BD-EDIT-BA77-14CB652F4F5B PURCHASE AGREEMENT 488. Page 12 Date sabruary 02 2023 488. Property located at 4243 5th Street NZ Columbia Hoigbta 55421 490, 1 agree to sell the Property for the price and on the I agree to purchase the Property for the price and on 491, terms and conditions set forth above, the terms and conditions set forth above. 492. 1 have reviewed all pages of this Purohase I have reviewed all pages of this Purchase 493. Agreement. Agreement. 494. ❑ If checked, thls Purchase Agreement Is subject to 495. attached Addsndurn fo Purchase Agreement. 496. Counferoffer and tha Final Acceptance Data shall be 497. noted on the Addendum. 498. FJf1PTA, Seller represents and warrants, under penalty 499. of perjury, that Seller[] IS©IS NOTaforeign person (1,e„ a 600. - — •{ra Ck on4j . non-resident alien individual, foreign corporation, farelgn 601. partnership, €orelgn trust, or foreign estate for purposes of 502. Income taxation. (Sao flees 430-443.)) This representation 503 and warranty shell survive the closing of the transactlon 504. end t17e delivery of the deed. 505. POA 03/07/23 X Oi er'69Igflgk�re) [Data] {t3uyor'e Sfgnatvro} (Date) 506. X Jason Bell X (Selier'a Printed Name) [sayers Printed Na 607. X X (Sellers Signature) (Date) (Buyer's Signature) (Oats) 608. X X (Seller's Printed Name) _ (Buyer's Prnted Name) 609, 03/07/23 The Final Acceptanoe Date 510. Is the date on which the fully executed Purchase Agreement Is delivered. 511. THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER(S) AND SELLER(S). 512. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. 513, 1 ACKNOWLEDGE THAT I HAVE RECEIVED AND HAVE HAD THE OPPORTUNITY TO REVIEW THE DISCLOSURE 514. STATEMENT, ARBITRA77taNDISCLOSURE AND R,t:SIDEN77ALREAL PROAERTYARBITRATIONAGRaE,EMENT, 615. WHICH 1S ,QP.TIONAL, VOLUNTARY AQ REEM ENT SEPARATE FROM THIS PURCHASE AGREEMENT, 616. SELLERS G- — POA BUYER(S) e 617. SELLER(S) MN;PA-12 (8/22) BUYER(S) Minnesota Realtore TRANSACTIONS i+.Aa.pleno, do S4;�'M Authentisign ID: 827C2419-29BD-EDI1-BA77-14CB652F4F5B Internet fraud — the use of Internet services or software with Internet access to defraud victims — is on the rise In real estate transactions. THESE SOPHISTICATED CRIMINALS COULD: • HACK INTO YOUR E-MAIL ACCOUNT or the a -mall of others Involved In your real estate transaction and may direct you to wire money to the hacker's account. • SEND FRAUDULENT E-MAILS that appear to be from your real estate licensee, lender, or closing agent. • CALL YOU claiming they have revised wiring Instructions. Buyers/Tenants and Sellers/Owners are advised to: (1) Never wire funds without confirming the wiring Instructions directly with the intended recipient. (2) Verify that the oontact information for the wire transfer recipient Is legitimate by calling a known phone number for the broker or closing agent. Do not rely on the Information given to you In an e-mail communication. (3) Never send personal Information through unsecured/unencrypted e-mail. If you suspect wire fraud In your transaction: (1) Immediately notify your bank, closing agent, and real estate licensee, (2) File a complaint online at the Internet Crime Complaint Center (IC3) at http://www,lc3.gov. The undersigned acknowledge receipt of this wire fraud alert and understand the Importance of taking proactive measures to avoid being a victim of wire fraud in a real estate transaction, AuthentiSIGn POA 03/07/23 nakus) (oats) 3•'1-]3 (signature) (Dato) This form approved by the Minnesota Association of REALTOR8•, which disclaims any tlabil@y arising out of use or misuse of this form, 02018 Minnesota AsaoctalIon of AEALTORS°, Edina, MN MN-WFA (8/t8) Minnesota Realtors® TRAN5A01'0NI vW..IvoaOi�k iuu� Authentisign ID: 627C2419-29BD-ED11-BA77-14CB652F4F5B 1 R FIM A IV Synergy ADDENDUM TO PURCHASE AGREEMENT: DISCLOSURE OF INFORMATION ON LEAD -BASED PAINT AND LEAD -BASED PAINT HAZARDS This form approved by the Mlnrleeota Ascool at[on of REALrORS0, which dleoialma any Ilabillty arlainp out of use or misusa of this form. V2020 Minnesota Maoalafion of RFALTflR511, Edina, MN 1. Date Iftbruary 2nd, 2023 2. Page 1 - 3. Addendum to Purchase Agreement between parties, dated _ sab-ary 2nd 2023 _ 4. (Date of this Purchase Agreement), pertaining to the purchase and sale of the Property at 5. 4243 15t:h St:restr NE Columbia HQi hte WIN 55421 6. Lead Warning Statement 7. Every boyar of any Interest In residential real property on which a residential dwelling was built prior to 1978 Is noflfled 8. that such property may pesent exposure to lead from lead -based paint that may place young children at risk of 9, developing lead polsoning. Lead polsoning in young chlfdran nmay produce permanent neurological damage, Including 10. learning disabilities, reduced lntellfgance quotient, behavioral problems, and Impairad memory, Lead polsoning also 11. poses a particular risk to pregnant worsen. The seller of any interest In residential real property Is required to provide 12, the buyer with any Information on lead -based paint hazards from risk assessments or Inspections in the sellerS- 13. possession and notify the buyer of any known lead -based paint hazards, A risk assessment or Inspection for possible 14. lead -based paint hazards Is recommended prior- to purchase. 15. Seller's Disclosure (Check one.) 16. ❑ Seller has no knowledge of, or records or reports relating to, lead -based paint and/or lead -based paint hazards 17. In the housing. 18. ® Seller has knowledge of lead -based paint and/or lead -based paint hazards In the housing and has provided Buyer 19. with all avaliable details, records, and reports, if any, pertaining to lead -based paint and/or lead -based paint 20. hazards In the housing. (Please explain and list documents below.): 21. 22, 23. 24. Buyer's Acknowledgment 25, Buyer has received copies of all Information listed above, if any. 26. Buyer has received the pamphlet, Protect Your Family From Lead In Your Home, 27, Buyer has; (Check one.) 28. © Waived the opportunity to conduct a risk assessment or inspection for the presence of lead -based paint and/or 29. lead -based paint hazards; or 30. ❑ Received a 10-day opportunity (or mutually agreed -upon period) to conduct a risk assessment or Inspection for 31. the presence of lead -based paint and/or lead -based paint hazards. 32. 33. 34. 35. If checked, this contract Is contingenI upon a risk ass essment or a n Inspection of the property for Ihe presence of lead - based paint and/or lead -based paint hazards to be conducted at Buyer's expense.The assessment or Inspection shall be completed within ❑ TEN (10) ❑ Calendar Days after Final Acceptance of the Purchase Agreement, nASALE-1 (8/20) Minnesota Realtors TUNSACTtONB rwtxu a.rtiw:,n Authentisign ID: 827C2419-29BD-EDI1-BA77-14CB652F4F5B ADDENDUM TO PURCHASE AGREEMENT: DISCLOSURE OF INFORMATION ON LEAD -BASED PAINT AND LEAD -BASED PAINT HAZARDS 36. Page 2 37. Property located at 4243 8th street NE Columbia Heights HN 35421 38. This contingency shall be deemed removed, and the Purchase Agreement shall be In full force and effect, 39. unless Buyer or real estate licensee representing or assisting Buyer delivers to Seller or seal estate licensee 40. representing or assisting Seller, within three (3) Calendar Days after the assessment or Inspertlan Is timely 41. completed, a written Ilst of the specific deficiencies and the corrections required, togetherwlth a copy of any risk 42. assessment or Inspection report. If Buyer and Seller have not agreed In writing within three (3) Calendar Bays 43. after dellvery of the written 11st of required corrections that: 44. (A) some or all of the required corrections will be made; or 46. (B) Buyer waives the deficiencies; or 46. (C) an adjustment to the purchase price w111 be made; 47. this Purchase Agreement Is canceled. Buyer and Seller shall immediately sign a Cancellation of Purchase 48. Agreement confirming said canceilatlon and directing all earnest money paid here to be refunded to Buyer. it Is 49. Lin darstood that Buyer may unilaterally waive deficiencles or defects, or remove this contingency, provlding that 50. Buyer or real estate Iicen9so representing or assisting Buyer notifies Seller or real esteto Iloan see representing or 51. assisting Seller of the waiver or removal, In wrfting, withln the time specified. 52. Real Estate Licensee's Acknowledgment 53. Real estate licensee has Informed Seller of Seller's obligations under 42 U.S.G. 4852(d) and Is aware of licensee's 64. responsibility to ensure compliance. 65. Certification of Accuracy 56. The following parties have reviewed the information above and certify, to the best of their knowledge, that the 67. Information provided by the signatory Is true and accurate. AuthentiSIGN 58. 111017 POA 03/07/23 ONO (Date) (Buyer] (Date) 69. (8ella0 (Date) tetlyeii 60. (Eao state Licensee) (Date) {Flees i TLX;SALE-2 (8/20) Memo) (Date) (Date) �Minnesota Realtorse 7RANSACTIONS r,.ni.uL'ank tuw Authentisign ID: 827C2419-29BD-�Dl1-BA77-14CB652F4F5B !:'�' R E MAX ADDENDUM TO PURCHASE AGREEMENT Synergy Thee form approved by the Minnesota Association of REALTORSO, Y by which disclaims any liability alleing out of use or misuse of this form. ® 2020 Minnesota Association of REALTORSO, Edina, MN 1. Date January 24th, 2023 2. Pagel 3. Addendum to Purchase Agreement between parties, dated January' 24th 2023 4. (Date of this Purchase Agreement), pertaining to the purchase and sale of the Property at 5. 4243 5th Street NE Columbia Heights MN 55421 6. In the event of a conflict between this Addendum and any other provision of the Purchase Agreement, the language 7. in this Addendum shall govern. 8. This purchase agreement is subject to the full ratification of the Columbia Heights Economic Development Authority at their March 2023 meeting. If the purchase agreement is not ratified a g, cancellation of the purchase agreement will be signed and all earnest money will be returned to the buyer. 10. The Seller warrants that there are no tenants on the property with a lawful leasehold interest. 11. in the event any tenant come forward and claims an interest in the property at the time of or following the purchase, the Seller agrees to fully indemify the buyer for any and all costs 12. associated with terminating such tenancy and for any and all relocation assistance and benefits that may be due to such tenant together with atterneys,s fees that the Buyer would have to 13. incurs in connection with legal action required to resolve any relocation assistance or benefits 14. duspute with such tenant. Seller acknowledges that it is not being displaced from the property as a result of the purchase agreement and that it is not eligible for relocation assistance and 15. benefits, that the purchase price includes compensation for any and all relocation assistance and benefits for shich the Seller may be eligible. The provisions of this paragraph shall survis 16. the closing of the transaction contemplated by this purchase agreement. 17 For purposes of this Agreement, „relocation aesitance and benefits,, shall have the meanings ascribed to them by Minnesota Uniform Relocation Act, Minnesota Statues, Santions 117.50 to 18 117.56, the Uniform Relocation Asistaace and Real Property Acquistion Policies Act, 42 U.S.C. Sections 4601-4655 (the federal URA)and the regulations implementing the federal URA, 49 C.D.R. 19. Part 24 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. :hentivcN POA 03/07/23 31 , r i (Date) iauyer] (Date) 32. (Sena►) (Date) (Buyad (Date) 33. THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER(S) AND SELLER(S). 34. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. MN-APA (8/20) Minnesota Realtors" TRANSACTIONS rkw Ea rm.