HomeMy WebLinkAbout2002-08-11 Applicant Fax to OPH Re Purchase AgeementFROM :RENTON,INC.
toi
RRNNTO N HOMES/ Midwest CInstruction & Develepmont Inc.
Steve Bruton, Vice President/Construction Manager
1701 Industrial Street, Suite loll
P.O.. Box 932
Hudson, W154016
Voice: (715) 391 ..5585
Fix; (715) 3814869
Nome:
Company:
Fax #:
(Lc)
# of Pages: (Including cover page)
PROJECT:
FAH NO. : 7153916595 u ] • 01 2002 12 : 41 PM PI
FAX
From: � c. h Ft7 ✓) r) (/17'Ld
Date: I
Phone: 715 - 381 -6585
FROM : RENTON, INC.
3. RECEIVED OF
4,
5. the sum 0 .... .....,.I Dollars (t..� . )
B. b CASH 1 NOTE as earnest money to be deposited upon acceptance of Purchase Agreement by all parties, on ®i
.. ....tthry(p army - �.. ---
7. before the third buelnes■ day after acceptance, In the trust mccount of listing broker' but to be returned to Buyer If Purchase
8. Agreement la not aeca.ted by Sellers Said earnest money Is part payment for the purchaso of the property located at
0. Street Addr = S : • • 4 ' Id. .k r ••
10 City of r ?.• AVM! � . , County of
fiL ..►, .'ft.1.
11. Legally described as: " 1 J ,
12 .
13. Including the following property, if any, owned by Seller and used and located on said property: garden bulbs, plant°, shrub°, ant
14, trees; storm sash, storm doors, screens and awnings; window shades, blinds, traverse and curtain and drapery rods, attached lighting
15. fixtures and bulbs; plumbing fixtures, water heater, heating plants (with any burners, tanks, stokers and other equipment used Ir
16. connection therewith), built -In air conditioning equipment, electronic air tiltor, water softener OW E, built -Ir
�c criD) - °-
17, humidifier and dehumidifier, liquid as tank and controls (If the property of Seller), sump pump; attached television antenna, cable TV jacks an(
18. wiring; BUILT -INS: dishwashers, garbage disposals, trash compactors, ovens, cook top stoves, microwave ovens, hood fans, intercoms
19. ATTACHED: carpeting; mirrors; garage door openers and ail controls; smoke detectors; fireplace screens, doors and heetliators; AND: the follow1n
24.
20. personal property:
21.
22.
23. all •f which rope ty Seller as this de agreed to sell to Bu or for sum of: ($
saes
! * 44*
A.
25. which B yer agrees to pay in the following manner; Earnest money of $ 5 60 . 0c)
2 and S �a . c� cash on
2! . the balance 1$ '7 o gre l.) , ma
28. Conventional FHA D/A Aeeurepti
29. This Purchase Agreement l81 NOT bjecl to a Contingency Addendum for sale of Buyer's property. (If answer Is IS see attached addendum.
30. (if answer is 18 NOT the closing of = uyer's property, if any may still Affect Buyer's ability to obtain financing, if financing is applicable.)
31. This Purchase Agreement IS
32. Buyer has been made aware of the availability of property inspections. Buyer elects declln ®s have a properly Inspection performed al
.. «.«...(
bject to an Inspection Addendum. (If answer is IS, see attached addendum.)
33. Buyer's expense. This Purchase Agreement IS
34. DEEDJMARKETARLETITLE: on performance by Buyer, Seiler shall deliver a Warranty Dead or Otho r: -6. . - d e e d
(alta9 one)
P
35. joined In by spouse, If any conveying marketable title, subject to:
35, (A) Building and zoning laws, ordinances, state and federal regulations; (B) Restrictions relating to use or Improvement of the
37. property without effective forfeiture provisions; (C) Reservation of any mineral rights by the State of Minnesota; (D) Utility and
38, drainage easemente which do not Interfere with existing improvements; (E) Rights of tenants as follows (unless specified, not
39. eubJect to tenancies):
40, (F) Others (Must be specified . - - ,
41. BUYER SHALL P; SELLER SHALL P data of closing any deferred real estate Wee (Le. Green Acres, etc.) or special
--
42. assessments, paymen qu red as a result of the closing of this sale.
43. BUYER AND SELLER SHALL PRORATE AS OF THE DATE OF CLOSING SELLER : HALL PAY ON DATE OF CLOWN r If installments
44. of special assessments certified
45. BUYER SHALL ASSN
48. BUYER SHALL ASSUM
47. for Improvements that have boon ordered by any assessing authorities, (Seller's provision for payment shall be by
48, payment into escrow of two (2) times the estimated amount of the assessments, or loss as required by Buyer's lender.)
49, Buyer shall pay any unpaid special assessments payable in the year following closing and thereafter, the payment of which la not otherwise
50. herein provided,
51, As of the date of this Agreement, Seller represents that Seller HAS HAS NOT r= eived a ndtice regarding any new improvement
52. project from any assessing authorities, the costs of which project may be assessed against the property. Any such notice
53. received by Seller after the date of this Agreement and before closing will be provided to Buyer immediately. If notice of a pending
54, special as . ent Is Issued after the date of this Agreement and on or before the date of closing, Buyer shall assume payment of
55. ALL [ENE HER : of any such special assessments, and Seller shall provide for payment on date of
FAX NO : 71 5391 5585 Aug. 01 2002 12: 42PM P3
1. Date 4
2. Pago 1 of
. t
in 144.61
the date of closing, anc
by 1 nanotng In accordance with the attached addendum:
urcheee Money Mortgage Other:
)ect to cancellation of a previously written Purchase Agreement dated
(CHASE AGREEMENT
Thla form approved by me Minnesota Association of
R EALTORST, which disdainle any liability
arising out of use or mieuse of this form.
e 2000, Minnesota Association of REALTORSO, Edina, MN
, State of Minneoota
Dollars
a real estate taxes due and payable In the year of closing,
to of closing all other special assessments levied as of the date of this Agreement.
LEFR SHALL PROVIDE FOR PAYMENT OF op : ial assessments pending as of the date of this Agreement
r..rr .r�r.M.wvMp�-
58, elosi Ja• ONE /OTHER; of any such special assessments, If such special assessments
57. or escrow amounts for said special assessments as required by Buyer's lender shall exceed $ / , then either
58. party may agree In writing on or before the data of cloein9 to assume, pny or provide for the payment of such excess, In the abeonce of
59. such agreement, either party may declare this Purchase Agreement null and void; the parties shall immediately sign a cancellation of
60. Purchase Agreement and all earnest money paid hereunder shall refunded to Buyer.
MN :PA•1 (P100)
FROM :RENTON,INC.
FAX NO. : 7153816585 Aug. 01 2002 12: 42PM P4
PURCHASE AGREEMENT
61, Pogo 2
62 TITLE & EXAMINATIOU Within a rua:;onttble Irr o after :acreptortc:n of this Aggrc emont, Seller shall provido
t;a, evidence ()I titlo, whir.ht shall include proper search '1a covering bunitrupiuir•.s, trt )to and todnrni judgments and liens,
(54. and 1uvk d and ptandrnq Spoc:iail Assessrna nts to buyer or Bayer's dosiIJftr tc)d Wit.) sr:tr•vic,o Provider, as follows:
(36, if property 9arr obritr"rEint, :ii3ll *•ir strait pruvFt.lo: (1) : e;csrr mitrnffnt for an trwraur'fia policy of title insurenco on a current
(56, A1.1A form Issued by an insurer IiconsoU to write title insurance ifr Minnesota. it the tiller chooses io provide an
61. ownor's policy of title insurance rather than update an abstract of title, Seller shall pay the entire premium, title
(38. examination fee and tho must. of evident:u of till° for title iri,yurancc policy if nc) lender's polir;y Is obtalr'rod; or
60. only the additional cci,t of obtaining a simultaneously i:s:;r.red owners policy if a lrtrtdor' a policy is obtained. (Btayor
70. Shall pay the frromiurn and the title examination foe for the lender's policy); or (2) an obstroct of title certified to carte,
71. If Seller chocaseti to update an abstract, Softer shall la ;air for all abstracting fcioS. e3oller .;tall ecurrvrador any abstract in
t?_. Sofloes posc crc,iYir.rn or control irk f3uyor aril closir7[l.
71, 11 property itt Torrens, Suitor shall provide, at Buyer's option tnd roquost, oithor (1) at Registered Property Abstract
74. (HP,\) certified to date; or (2) a commitment for an owner's policy of title ira$ursai ►cu on r current ALTA form issued by
75. an insurer licon:sod to write title insurance in Minnesota, seller shall be rosponuible to (gay, urack r either option, only
76. those costs necessary to prepare; the RPA ur commitment. Buyer shall, at buyer's option. pay for either the Attorney's
71. Opinion ar the title Insurance ptomiurf and examination fee.
78. Sailer shall usU Seller%ii best efforts to provide marketable title by the date Of loi inq. In the event Seller has not
7g, provided marketable title by the crate of closing, Seller shall have an additional 30 days to make title marketable or in
8o the caller rtativc:9, E3uyor may waive title (infects by writton notice to tho Stall €. In addition to the '1O day extension,
a1: Fauyer and Seller may by mutual agreement further extend the closing (kite. I..act inzy such oxtansion, oither party
82, may declare this Purchase Arlroomont null and, voter; neither party shall be liable for dzrrnages hereunder to the other
83 and earnest money shall be rclundod to buyer; Duyer and Seller shall immediately sign a cancellation of Purchase
t]4, Agreement.
85. SUBDIVISION OF LAND: II this seals constitutor or requires a subdivision of rni ()wood by Sailer, Seller shell laity
86. rail subdivision expenses and obtain Ball necossary govornmantal approvals. Boller warrants the legal description of
87. tho regal property to be conveyed has been or will bo approved for recording as of the cJ,atca of closing. Soifer warrants
86, that the buildings ;aro or will bo constructed entirely within the boundary fines of the property. Seller warrants
)9: that thorn is as right of ocooss to tho property from a public right of way. Then() warr'antins shall survive the delivery of
:)O. the deed or contract for deed.
91. Seller warrant, that prior to the closing, payment in full will have been rna:tdo for all labor, materials, machinery,
)2. fixttrr {?s or tools furniiihod within tho 120 clays immudi;ately procedirig the closing In conrtintioi't with construction,
93, alteration car repair of any structure ac► or.improvomont to the property.
94. Seller warrants that Seller Nis not recoivedl arty notice from any governmental uuthority us to condemnation
J!J. proceudingti, violation of any law, ordin:;ance or regulation. It the property is subject to restrictive covenants, Seller
: G warrants that ►other has not r {rrrc ►lved any notice from any person or authority as ton broach of the covenants. Any
97. such raogrt:cis rocs ived by Seller will be f ovided to f3uyor immodialoly.
{�t3. Seller rtgrt)os lo allow raasoirral to access to the property for performance► of any surveys or im,Toctions agreed io herein,
99. RISK OP LOSS: If there is ar #y lost; or dame go to the property hotween the date horoof cold the date of closing, for
100, any roason including Piro, vandalism, flood, earthquake or act of God, the rick of loss shall be on Seiler, it the
101. property is destroyod or substantially dame ged before the closing drain, this f'tarcitaso Aproo rient shall become null
102. and void, at Buyer's option, and earnest money shall be refunded to t3uyor,' Buyer and shall immediately sign a
103 cancellation of Purchase Ayrc carne r rt,
104. TIME OF ESSENCE:1 Imo is of the essence. In this Purchase Agroement.
105. ENTIRE AGREEMENT: This Purchase Agreement, tiny attacJmd exhibits and any addenda or em ndmonts signod
106. by the partie , shall constitute the erttirtt agreement between Bettor and Buyer, and ;tr.rltiurc;odt s any other written or
107. oral agreements botwtaen Suitor and Buyor•. This Purchase Agreement can be modified only in writing signed by
10f3. Seller• and buyer. All monetary sums aro deemed to be United Stator currency for purposes of this agreement. Buyer or seller may be
109. required to pay certain closing costs which may effectively reduce Ma proceeds frorn the stato or increase the cash outlay at cloning.
110. ACCEPTANCE: Buyer urtdor stands and agrees that this Purchase Agroort tint is : ubjc-:c:t to acceptance by Seller In
111. writir►U. Tho delivery of ail papers and monies shall he made al the listing broker's o #lien.
112, DEFAULT: If Buyer ciolatiltc in any of the agruernonts herein, Sailor may tt4rrriii ate this Purchase Agraoment, and
113. payments made horeundor iraay be retained by Seller ass liqulclatod dart►ager,. If this Purchase Agreement Is not so
114, torninatud, Di,ryer nr Seller may sunk actual damages for breach of this Agreorrronf or :specific performance of this
115. Agreement; and, as 10 specific performance, such action must be corrirn 3rrcod within six months after such right of
116. action arises.
(WOO)
FROM : RENTON , INC.
119. Buyer shall p
120. ,.• edler shall p , PRORATED TO ' Y OF CLOSING,
12t • clo it ri date is changed, the r eal estate taxes paid
122 pa�rablg�ln t aye FULL -P -
h ar �n will be
..... * // t M
i , .
123. Seller agrees to pay Buyer at closing $
124. toward the non-ho me m stead real estate taxes. Buyer agrees to pay any remaining balance of non - homestead taxes hen they
of become
1 when s
8. due and payable. Buyer shall pay roai estate taxes due and payable In the year following closing and thereafter, er, he pa
real estate taxes.
126, net otherwise herein prtivided. Na representations are made concerning the amaun
#tL closing,
charges for city water, city sewer, electricity, and
127. POSSESSION: Seller shall deliver possession of the property not later than
128. All interest, homeowner association dues, rents, s as oil, Ilqui
data of closing. s Soifer agrees to remove ALL DEBRIS AND ALL PERSONAL 129. natural gas shall be prorated between the partly
130, PROPERTY NOT INCLUDED HEREIN from the property by possession date.
ENVIRONMENTAL CONCERNS: To the best of the Seller's knowledge there are no hazardous substances, or underground storage
tanks, except herein noted:
131.
132.
133,
134. SEL WARRANTS THAT THE PROPERTY IS DIRECTLY CONNECTED TO: CITY SEWER filYSS ❑ NO / CITY WATER ES ❑ NO
135. ; L.Eti BUYER AGREES TO PROVIDE WATER QUALITY TEST RESULT$ IF REQUIRED BY GOVERNINO AI.lrt'HORUTY AND/OR LENDER
136 SELLER 1 ' UYER AGREES TO PROVIDE, IF REQUIRED BY THETERMS OF THIS PURCHASE AGREEMENT OR IV QOVERNINC1
, no{• ....
137. AUTHORITY AND/OR LENDER, A LICENSED INSPECTOR'S SEPTIC SYSTEM INSPECTION REPORT OR NOTICE INDICATING Ill
195, THE SYSTEM COMPLIES WITH APPLICABLE REGULATIONS. NOTICE: A VALID CERTIFICATE OF COMPLIANCE FOR THO
139. SYSTEM MAY SATISFY THIS OBLIGATION. NOTHING IN LINES 136TO 139 SHALL OBLIGATE SELLER TO UPGRADE, REPAIR OR
140. REPLACE THE SEPTIC SYSTEM UNLESS OTHERWISE AGREED TO IN THIS PURCHASE AGREEMENT.
141. BUYER HAS RECEIVED THE WELL DISCLOSURE STATEMENT OR A STATEMENT THAT NO WELL EXISTS ON THE PROPER'TY,
142. AND A SEPTIC SYSTEM DISCLOSURE STATEMENT OR A STATEMENTTHAT NO SEPTIC SYSTEM EXISTS ON OR SERVES T H
143, PROPERTY, AS REQUIRED BY MINNESOTA STATUTES.
150.
151.
152.
153.
154.
155.
HEATING ON
144. SELLER WARRANTS THAT CENTRAL AIR CONDITIONING, CONDITIONING, , PLUMBING AND WIRING SYSTEMS USED AND LOCATED O
145. SAID PROPERTY WILL BE IN WORKING ORDER ON DATE OF CLOSING, EXCEPT AS NOTED IN THIS AGREEMENT
146. BUYER HAS THI4 RIGHT TO A WALK-THROUGH REVIEW OF THE PROPER"T"Y PRIOR TO CLOSING 70 ESTABLISH THAT THI
147. PROPERTY IS IN SUBSTANTIALLY THE SAME CONDITION AS OF THE DATE OF PURCHASE AGREEMENT. SELLER AGREEd
148. TO NOTIFY UUYIER IMMEDIATELY IN WRITING OF ANY SUBSTANTIVE CHANGES FROM ANY PRIOR REPRESENTATIONS
149. REGARDING THE PHYSICAL CONDITION OF THE PROPERTY.
BUYER ACKNOWLEDGES THAT NO ORAL REPRESENTATIONS HAVE BEEN MADE REGARDING POSSIBLE PROBLEMS a
WATER IN BASEMENT, OR DAMAGE CAUSED BY WATER OR ICE BUILD -UP ON ROOF OF THE PROPERTY AND BUYER RELti*$
SOLELY IN THAT REGARD ON THE FOLLOWING STATEMENT BY SELLER:
156.
157.
158.
169.
160.
161.
1 62. DUAL AGENCY REPRESENTATION
163. PLEASE CHECK Q,EOF THE FOLLOWING SELECTIONS
164. ❑ DU: ; ■ency roprosentation DOES NOT apply In this transaction. Disregard as 165-178.
165. ❑ Dual Agency
166. Broker represents both the : : and the Buyer(s) of the propert
167. means that Broker and Its salespers. ..we'+fIducfary duties to b
168. interests, Broker and Its salespersons are pr. _ -d from advo
169. transaction without the consent of both Seller(s) an
170. (1) confidential Information communicated to Broker
171. unless Seller(s) or Buyer(s) Instructs Bro .. in wrltin
172. (2) Broker and Its salespersons will not opraeont the intere
173. (3) within the limits of dual agency, Bra and Its salespersons will wo
174. With the knowledge and understanding o he explanation above, Seller(s) and B
175. salespersons to act as dual agents in this ansaction,
170,
3ellef
177,
5e4121
SELLER HAS 1 HAS Nat HAD A WET BASEMENT AND HAS 1 HAS NOT HAD ROOF, WALL OR CEILING DAMAGE CAUSED BY WATER
..... fee, aao-
OR ICE BUILD -UP. BUYER HAS/ HAS NOT RECEIVED A SELLER'S PROPERTY DISCLOSURE STATEMENT.
• -' .'/ ?/a conpp
BUYER HAS RECEIVEDTHE INSPECTION REPORTS, IF REQUIRED BY MUNICIPALITY.
THIS HOTI
(LlcOnge0)
(Comp0nyl
(L1oortuoo)
(co y)
OES NOT SATISFY MINNESOTA STATUTORY AGENCY DISCLOSURE REQU1 ENTS,
FAX NO. :7153816585 Aug. 01 2002 12 :43PM P5
PURCHASE AGREEMENT
176,
Dale
���i.t+• n 0NA,,
117, Address
118, Page 3 Date. ,
12tho, ALL, NONE real estate taxes due and payable In the year„- --
12ths ALIL, NONE real estate taxes duo and payable In the year . , If the
f prorated, be adjusted to the new closing date. Seller warrants taxes due and
estead classification. If part or non - homestead classification Is circled,
NOTICE
Is Seller's Aga
Is Sailors
Duyor
Buyer
Dew
er's Agent /Dual Agent/Non-Agent
f4/ OJ. 1&
Buyer's Agent 1 Dual Agent 1 Non -Agent
,frcr p.s .
entatlon DOES apply In this transaction. Complet; e disclosure In lines 166 -178.
volved in this transaction, which creatoa a dual agency. This
Seller(s) and Buyer(s). Because the parties may have conflicting
g exclusively for either party. Broker cannot act as a dual agent in this
eller (s) and Buyer(s) acknowledge that
ards price, terms, or motivation to buy or sell will remain confldentla
ieclose this Information. Other Information will be shared
either party to the detriment of the other;;and
ently to facilitate the mechanics of the pale .
authorize and Instruct Broker and Its
FROM :RENTON,INC
181. I ACKNOWLEDGE
182, RESIDENTIAL REAL PROPERTY ARBITRA
183. BELLER(8)
184, BELLER(8)
185. OTHER
188.
192, I, the owner 01 the property, accept this Agreement and
199, authorize the listing broker to withdraw said property from
194. the market, unless instructed otherwise in writing.
185. I have reviewed all ' ■s of this Puro rl se regiment.
198. X
(Social
199. X
(Se11er'n
200. X
231, X
MN: PA -4 (9/00)
197. X
(Seller's Printed Name)
31,2
urity Number - ap)i 'nal) ( Marital Statue)
- S2 t
/
(Se ar's Printed Name
(Social Security Number - optional)
FAX NO. : 7153816585 Aug. 01 2002 12 : 44PM P6
VE RECEIVED AND HAP OPPORTUNITY TO REVIEW THE ARBITRATION DIBCLOSUfe AND
BUYEA(S
x
202, FINAL ACCEPTANCE DATE „.
179. Address
180, Page 4
BUYER(S)
X
x
Date:
187.
188.
189.
190. Attached are other addenda which are made a part of this Purchase Agreement, (Enter total number of pages of this Purchase
191, Agreement, including addenda, an line 2 of page 1.)
I agree to purchase the property for the price and In acoordanoe
with the tAitilrili and oanditione eat forth above.
have reviewed ail pn• .f this Purchase Agreement.
Air Ai 4irAilller.msam*
uyor
re)
X ?e-
(Buyer's P rintad Name)
(Social Security Number . optional)
(Date) (8uyor's Signature)
(Buyer's Printed Name)
1953/egi
PURCHASE AGREEMENT
203, THIS 18 A LEGALLY BINDING CONTRACT BETWEEN BUYERS AND SELLERS.
204. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL.
(Date)
(Marital Status)
(Date)
(Marital Status) (Social Security Number - optional) (Madfal Statue)