Loading...
HomeMy WebLinkAbout2014-05-28 (Rcd) Purchase Agreement PURCHASE AGREEMENT: VACANT LAND (RESIDENTIAL) This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. 02013 Minnesota Association of REALTORS®,Edina,MN 1. Date 04/02/14 2. Page 1 of 9 3. BUYER(S): Creative Home Construction Investments, LLC and/or assigns 4. 5. Buyer's earnest money in the amount of 6. Ten Thousand Dollars ($ 10,000.00 ) shall 7. be delivered to listing broker within two(2) Business Days after Final Acceptance Date of this Purchase Agreement. 8. Buyer and Seller agree that listing broker shall deposit any earnest money in the listing broker's trust account within 9. three(3) Business Days of receipt of the earnest money. 10. Said earnest money is part payment for the purchase of the property located at 11. Street Address: 5625 Oakgreen Ave 12. City of Oak Park Heights , County of Washington State of Minnesota, legally 13. described as Lengthy metes and bounds. To be determined from survey that buyers will be 14. procuring. Approximately 6.76 acres as shown in Exhibit A attached and PID # 15. 0402920230063 16. including all fixtures, if any, AND X INCLUDING❑EXCLUDING the following personal property, if any,which shall 17. be transferred with no additional monetary value, and free and clear of all liens and encumbrances: 18. 19. (collectively the"Property"), 20. all of which Property Seller has this day agreed to sell to Buyer for the sum of($ 541,000.00 21. 22. Five Hundred Forty-One Thousand Dollars, 23. which Buyer agrees to pay in the following manner: 24. 1. CASH of 100 percent(%)of the sale price,or more in Buyer's sole discretion,which includes the earnest 25. money;PLUS 26. 2. FINANCING of 0 percent (%) of the sale price, which will be the total amount secured against this 27. Property to fund this purchase. 28. Such financing shall be a first mortgage I I contract for deed or [ a first mortgage with subordinate -__----___-...._.__._----__-_---------.--_.-_(Check one.}- 29. financing,as described in the attached Addendum: 30. ❑Conventional❑FHA❑DVA n Assumption[Contract for Deed n Other: �-------(Check all that apply.)- _-- __.--------.. --_ 31. 32. The date of closing shall be September 1st ,20 14 33. This Purchase Agreement❑IS©IS NOT subject to an Addendum to Purchase Agreement:Sale of Buyer's Property -----(Check one.)----- 34. Contingency.(If answer is IS, see attached Addendum.) (If answer Is IS NOT,the closing of Buyer's property, if any, 35. may still affect Buyer's ability to obtain financing, if financing is applicable.) 36. This Purchase Agreement I I IS ©IS NOT subject to cancellation of a previously written purchase agreement dated ---(Check one.)---- 37. , 20 . (If answer Is IS, said cancellation shall be obtained 38. no later than ,20 ` MN:PA:VL-1 (8/13) ' 1 1lormsO' PURCHASE AGREEMENT: VACANT LAND (RESIDENTIAL) 39. Page 2 Date 04/02/14 40. Property located at 5625 Oakgreen Ave Oak Park Heights MN 55082 41. If said cancellation is not obtained by said date, this Purchase Agreement Is canceled. Buyer and Seller shall 42. immediately sign a Cancellation of Purchase Agreement confirming said cancellation and directing all earnest money 43. paid hereunder to be refunded to Buyer.) 44. SPECIAL CONTINGENCIES: This Purchase Agreement is subject to the following contingencies, and if the w KSJ- 1 45. contingencies checked below are not satisfied or waived, in writing, by Buyer by h ,20 14 46. this Purchase Agreement is canceled as of said date. Buyer and Seller shall immediately sign a Cancellation of 47. Purchase Agreement confirming said cancellation and directing all earnest money paid hereunder to be refunded to 48. Buyer. 49. (Select appropriate options a-i.) 50. I I (a) ] BUYER ❑ SELLER shall provide a certificate of survey of the Property, at ❑ BUYER ❑ SELLER ---(Check one.)-------- -- (Check one.)--- 51. expense. 52. ❑ (b) Buyer obtaining approval of city/township of proposed building plans and specifications at 53. ❑BUYER❑SELLER expense. ---------(Check one.)----- 54. © (c) Buyer obtaining approval of city/township of proposed subdivision development plans at 55. x BUYER❑SELLER expense. -- 56. © (d) Buyer obtaining approval of city/township for rezoning or use permits at©BUYER❑SELLER expense. -----(Check one.)------ 57. ❑ (e) Buyer obtaining,at❑BUYER❑SELLER expense, percolation tests which are acceptable to Buyer. --------(Check one.)------ 58. K (f) Buyer obtaining, at © BUYER ❑ SELLER expense, soil tests which indicate that the Property may be -(Check one.)-------- 59. improved without extraordinary building methods or cost. 60. ❑ (g) Buyer obtaining approval of building plans and/or specifications in accordance with any recorded subdivision 61. covenants and approval of the architectural control committee. 62. ❑ (h) Buyer obtaining, at❑BUYER❑SELLER expense, copies of all covenants, reservations and restrictions (Check one.)------------- 63. affecting the Property. 64. [ (I) Other: Buyer obtaining, at buyer's expense, all necessary governmental approvals 65. required to subdivide the property into a site acceptable to buyer and consisting of 66. at least 13 residential building lots. 67. Seller's expenses for these contingencies(if any)shall not exceed$ 100.00 68. DEED/MARKETABLE TITLE: Upon performance by Buyer, Seller shall deliver a (check one): 69. © Warranty Deed, ❑ Personal Representative's Deed, ❑ Contract for Deed, Trustee's Deed, or 70. ❑Other: Deed joined in by spouse,if any,conveying marketable title,subject to 71. (a) building and zoning laws,ordinances,state and federal regulations; 72. (b) restrictions relating to use or improvement of the Property without effective forfeiture provisions; 73. (c) reservation of any mineral rights by the State of Minnesota; 74. (d) utility and drainage easements which do not interfere with existing Improvements; 75. (e) rights of tenants as follows (unless specified, not subject to tenancies): 76. ;and 77. (f) others(must be specified in writing): none 78. 79. • MN:PA:VL-2(8/13) IQ ,i PURCHASE AGREEMENT: VACANT LAND (RESIDENTIAL) • 80. Page 3 Date 04/02/14 81. Property located at 5625 Oakgreen Ave Oak Park Heights NN 55082 82. REAL ESTATE TAXES:Seller shall pay on the date of closing all real estate taxes due and payable in all prior years 83. including all penalties and interest. 84. Buyer shall pay © PRORATED FROM DAY OF CLOSING ❑ 12ths OF ❑ ALL ❑ NO real estate (Check one.)------- - - 85. taxes due and payable in the year 20 14 86. Seller shall pay, © PRORATED TO DAY OF CLOSING ❑ 12ths OF ❑ ALL ❑ NO real estate taxes ---(Check one.)-- 87. due and payable in the year 20 14 .If the closing date is changed,the real estate taxes paid shall,if prorated, 88. be adjusted to the new closing date. 89. Buyer shall pay real estate taxes due and payable in the year following closing and thereafter,the payment of which 90. is not otherwise herein provided. No representations are made concerning the amount of subsequent real estate 91. taxes. 92. DEFERRED TAXES/SPECIAL ASSESSMENTS: 93. ❑ BUYER SHALL PAY © SELLER SHALL PAY on date of closing any deferred real estate taxes -__-..---_-------_-(Check one.) .._._..- 94. (e.g.Green Acres)or special assessments, payment of which Is required as a result of the closing of this sale. 95. ❑ BUYER AND SELLER SHALL PRORATE AS OF THE DATE OF CLOSING © SELLER SHALL PAY ON one.}----_-...._..-.....___..._-..._._.-..__.___.....�.-_-- 96. DATE OF CLOSING all installments of special assessments certified for payment,with the real estate taxes due and 97. payable in the year or closing. 98. ❑ BUYER SHALL ASSUME © SELLER SHALL PAY on date of closing all other special assessments levied as _..-(Check one.)--- 99. of the date of this Purchase Agreement. 100. n BUYER SHALL ASSUME ©SELLER SHALL PROVIDE FOR PAYMENT OF special assessments pending as one.)-- - ----- _-. 101. of the date of this Purchase Agreement for improvements that have been ordered by any assessing authorities. 102. (Seller's provision for payment shall be by payment into escrow of two (2) times the estimated amount of the 103. assessments or less,as required by Buyer's lender.) 104. Buyer shall pay any unpaid special assessments payable in the year following closing and thereafter,the payment of 105. which is not otherwise herein provided. 106. As of the date of this Purchase Agreement, Seller represents that Seller❑HAS © HAS NOT received a notice --------(Check one.)-------- 107. regarding any new improvement project from any assessing authorities,the costs of which project may be assessed 108. against the Property. Any such notice received by Seller after the date of this Purchase Agreement and before 109. closing shall be provided to Buyer immediately.If such notice is issued after the date of this Purchase Agreement and 110. on or before the date of closing,then the parties may agree in writing,on or before the date of closing,to pay,provide 111. for the payment of or assume the special assessments.In the absence of such agreement,either party may declare 112. this Purchase Agreement canceled by written notice to the other party,or licensee representing or assisting the other 113. party,in which case this Purchase Agreement is canceled.If either party declares this Purchase Agreement canceled, 114. Buyer and Seller shall immediately sign a Cancellation of Purchase Agreement confirming said cancellation and 115. directing all earnest money paid hereunder to be refunded to Buyer. 116. POSSESSION: Seller shall deliver possession of the Property no later than immediately after closing. 117. Seller agrees to remove ALL DEBRIS AND ALL PERSONAL PROPERTY NOT INCLUDED HEREIN from the Property 118. by possession date. 119. PRORATIONS:All interest;unit owners'association dues;rents;and charges for city water,city sewer,electricity and 120. natural gas shall be prorated between the parties as of date of closing.Buyer shall pay Seller for remaining gallons of 121. fuel oil or liquid petroleum gas on the day of closing,at the rate of the last fill by Seller. MN:PA:VL-3(8/13) /to1J t PURCHASE AGREEMENT: VACANT LAND (RESIDENTIAL) 122. Page 4 Date 04/02/14 123. Property located at 5625 Oakgreen Ave Oak Park Heights MN 55082 . 124. TITLE AND EXAMINATION:Within a reasonable time period after Final Acceptance Date of this Purchase Agreement, 125. Seller shall provide one of the following title evidence options,at Seller's selection,which shall include proper searches 126. covering bankruptcies, state and federal judgments and liens,and levied and pending special assessments to Buyer 127. or Buyer's designated title service provider: 128. (1) A commitment for an owner's policy of title insurance on a current ALTA form issued by an insurer licensed to write 129. title insurance in Minnesota as selected by Buyer.Seller shall be responsible for the title search and exam costs 130. related to the commitment.Buyer shall be responsible for all additional costs related to the Issuance of the title 131. insurance policy(ies), including but not limited to the premium(s), Buyer's name search and plat drawing, if any. 132. Seller shall surrender a copy of any owner's title insurance policy and Abstract of Title,if in Seller's possession or 133. control,for this Property to Buyer or Buyer's designated title service provider. 134. (2) An Abstract of Title certified to date if Abstract Property or a Registered Property Abstract(RPA)certified to date 135. if Registered (Torrens) Property.Seller shall pay for the abstracting or RPA costs and surrender any abstract for 136. this Property in Seller's possession or control to Buyer or Buyer's designated title service provider.If Property is 137. Abstract and Seller does not have an Abstract of Title,Option(1)will automatically apply. 138. Seller shall use Seller's best efforts to provide marketable title by the date of closing.In the event that Seller has not 139. provided marketable title by the date of closing,Seller shall have an additional 30 days to make title marketable or, in 140. the alternative, Buyer may waive title defects by written notice to Seller. In addition to the 30-day extension, Buyer 141. and Seller may by mutual agreement further extend the closing date.Lacking such extension,either party may declare 142. this Purchase Agreement canceled by written notice to the other party,or licensee representing or assisting the other 143. party,in which case this Purchase Agreement is canceled.If either party declares this Purchase Agreement canceled, 144. Buyer and Seller shall immediately sign a Cancellation of Purchase Agreement confirming said cancellation and 145. directing all earnest money paid hereunder to be refunded to Buyer. 146. SUBDIVISION OF LAND, BOUNDARIES, AND ACCESS: If this sale constitutes or requires a subdivision of land 147. owned by Seller, Seller shall pay all subdivision expenses and obtain all necessary governmental approvals.This 148. provision deals with the necessity of subdividing land to complete the sale of the Property described herein in contrast 149. to the subdivision provision of lines 54-55 which deals with the future development plans of Buyer.Seller warrants the 150. legal description of the real Property to be conveyed has been or shall be approved for recording as of the date of 151. closing.Seller warrants that there is a right of access to the Property from a public right of way. 152. MECHANIC'S LIENS: Seller warrants that prior to the closing, payment in full will have been made for all labor, 153. materials, machinery,fixtures or tools furnished within the 120 days immediately preceding the closing. 154. NOTICES:Seller warrants that Seller has not received any notice from any governmental authority as to condemnation 155. proceedings or violation of any law,ordinance or regulation.If the Property is subject to restrictive covenants, Seller 156. warrants that Seller has not received any notice from any person or authority as to a breach of the covenants.Any 157. such notices received by Seller shall be provided to Buyer immediately. 158. DIMENSIONS: Buyer acknowledges any dimensions, square footage or acreage of land or improvements provided 159. by Seller, third party, or broker representing or assisting Seller are approximate. Buyer shall verify the accuracy of 160. information to Buyer's satisfaction, if material,at Buyer's sole cost and expense. 161. ACCESS AGREEMENT: Seller agrees to allow Buyer reasonable access to the Property for performance of any 162. surveys, inspections or tests or for water, sewer, gas or electrical service hookup as agreed to herein. Buyer shall 163. restore the premises to the same condition it was in prior to the surveys,inspections or tests and pay for any restoration 164. costs relative thereto. 165. RISK OF LOSS: If there is any loss or damage to the Property between the date hereof and the date of closing for 166. any reason,including fire,vandalism,flood,earthquake or act of God,the risk of loss shall be on Seller.If the Property 167. is destroyed or substantially damaged before the closing date, this Purchase Agreement is canceled, at Buyer's 168. option,by written notice to Seller or licensee representing or assisting Seller.If Buyer cancels this Purchase Agreement, 169. Buyer and Seller shall immediately sign a Cancellation of Purchase Agreement confirming said cancellation and 170. directing all earnest money paid hereunder to be refunded to Buyer. 171. TIME OF ESSENCE:Time is of the essence In this Purchase Agreement. 172. CALCULATION OF DAYS:Any calculation of days begins on the first day (calendar or Business Days as specified) 173. following the occurrence of the event specified and includes subsequent days(calendar or Business Days as specified) 174. ending at 11:59 RM.on the last day. MN:PA:VL-4(8/13) rQ lO • PURCHASE AGREEMENT: VACANT LAND (RESIDENTIAL) 175. Page 5 Date 04/02/14 176. Property located at 5625 Oakgreen Ave Oak Park Heights MU 55082 177. BUSINESS DAYS:"Business Days"are days which are not Saturdays, Sundays or state or federal holidays unless 178. stated elsewhere by the parties in writing. 179. DEFAULT: If Buyer defaults in any of the agreements herein, Seller may cancel this Purchase Agreement, and any 180. payments made hereunder, including earnest money, shall be retained by Seller as liquidated damages and Buyer 181. and Seller shall affirm the same by a written cancellation agreement. 182. If Buyer defaults in any of the agreements hereunder, Seller may terminate this Purchase Agreement under the 183. provisions of either MN Statute 559.21 or MN Statute 559.217,whichever is applicable.If either Buyer or Seller defaults 184. in any of the agreements hereunder or there exists an unfulfilled condition after the date specified for fulfillment, 185. either party may cancel this Purchase Agreement under MN Statute 559.217,Subd.3.Whenever it is provided herein 186. that this Purchase Agreement is canceled, said language shall be deemed a provision authorizing a Declaratory 187. Cancellation under MN Statute 559.217,Subd.4. 188. If this Purchase Agreement is not canceled or terminated as provided hereunder, Buyer or Seller may seek actual 189. damages for breach of this Purchase Agreement or specific performance of this Purchase Agreement; and, as to 190. specific performance,such action must be commenced within six(6)months after such right of action arises. 191. NOTICE REGARDING AIRPORT ZONING REGULATIONS:The Property may be in or near an airport safety zone 192. with zoning regulations adopted by the governing body that may affect the Property. Such zoning regulations are 193. filed with the county recorder in each county where the zoned area is located. If you would like to determine if such 194. zoning regulations affect the Property,you should contact the county recorder where the zoned area is located. 195. NOTICE REGARDING PREDATORY OFFENDER INFORMATION:Information regarding the predatory offender 196. registry and persons registered with the predatory offender registry under MN Statute 243.166 may be 197. obtained by contacting the local law enforcement offices in the community where the Property is located 198. or the Minnesota Department of Corrections at (651)361-7200, or from the Department of Corrections web 199. site at www.corr.state.mn.us. 200. SPECIAL DISCLOSURES: Seller discloses, to the best of Seller's knowledge, that the Property described in this 201. Purchase Agreement consists of approximately 6.76 [ACRES❑SQUARE FEET and is currently zoned ------(Check 202. 203.203. Seller discloses, to the best of Seller's knowledge, that the Property❑IS [ IS NOT in a designated flood plain 204. area. ----(g one.)---- 205. Seller discloses, to the best of Seller's knowledge, that the Property ❑ DOES [ DOES NOT currently receive 206. preferential tax treatment(e.g.Green Acres). - -�-(chea�one.)-- 207. BUYER HAS THE RIGHT TO A WALK-THROUGH REVIEW OF THE PROPERTY PRIOR TO CLOSING TO 208. ESTABLISH THAT THE PROPERTY IS IN SUBSTANTIALLY THE SAME CONDITION AS OF THE DATE OF THIS 209. PURCHASE AGREEMENT. 210. BUYER HAS RECEIVED A (check any that apply): x DISCLOSURE STATEMENT: VACANT LAND OR A 211. ❑DISCLOSURE STATEMENT:SELLER'S DISCLOSURE ALTERNATIVES FORM. 212. DESCRIPTION OF PROPERTY CONDITION: See Vacant Land Disclosure Statement or Seller's Disclosure 213. Alternatives for description of disclosure responsibilities and limitations, if any. 214. BUYER HAS RECEIVED THE INSPECTION REPORTS,IF REQUIRED BY MUNICIPALITY. 215. BUYER IS NOT RELYING ON ANY ORAL REPRESENTATIONS REGARDING THE CONDITION OF THE PROPERTY. 216 ENVIRONMENTAL CONCERNS: To the best of the Seller's knowledge there are no hazardous substances or 217. underground storage tanks,except where herein noted. See attached Seller's Property Disclosure Statement. 218. 219. 220. MN:PA:VL-5(8/13) /MIS PURCHASE AGREEMENT: VACANT LAND (RESIDENTIAL) 221. Page 6 Date 04/02/14 222. Property located at 5625 Oakgreen Ave Oak Park Heights MN 55082 . 223 ENVIRONMENTAL CONCERNS: To the best of the Seller's knowledge there are no hazardous substances or 224. underground storage tanks,except where herein noted. 225 See attached Seller's Property Disclosure Statement. 226. 227. 228. UTILITIES: TO THE BEST OF SELLER'S KNOWLEDGE, THE FOLLOWING PRESENTLY EXIST WITHIN THE 229. PROPERTY: 230. Connection to public water? ❑Yes 1K No 231. Connection to public sewer? ❑Yes n No 232. Connection to private water system off Property? ❑Yes n No 233. Connection to electric utility? Q Yes ❑No 234. Connection to natural gas? ©Yes No 235. PLEASE NOTE:Buyer may incur additional charges improving the Property,including,but not limited to,hookup and/ 236. or access charges;municipal charges;costs for sewer access, stubbing access,water access, park dedication, road 237. access,curb cuts,utility connection and connecting fees;and tree planting charges. 238. (Check appropriate boxes.) 239. SELLER WARRANTS THAT THE PROPERTY IS EITHER DIRECTLY OR INDIRECTLY CONNECTED TO: 240. CITY SEWER EYES[NO / CITY WATER EYES©NO 241. SUBSURFACE SEWAGE TREATMENT SYSTEM 242. SELLER © DOES DOES NOT KNOW OF A SUBSURFACE SEWAGE TREATMENT SYSTEM ON OR one.)- .--- 243. SERVING THE PROPERTY. (If answer is DOES, and the'system does not require a state permit, see Disclosure 244. Statement:Subsurface Sewage Treatment System.) 245. PRIVATE WELL 246. SELLER [ DOES ❑ DOES NOT KNOW OF A WELL ON OR SERVING THE PROPERTY. -._-_------(Check one.)--_-_------- 247. (If answer is DOES and well is located on the Property,see Disclosure Statement:Well.) 248. THIS PURCHASE AGREEMENT❑IS[IS NOT SUBJECT TO AN ADDENDUM TO PURCHASE AGREEMENT: ----(Check one.)------ 249. SUBSURFACE SEWAGE TREATMENT SYSTEM AND WELL INSPECTION CONTINGENCY. 250. (If answer is IS,see attached Addendum.) 251. IF A WELL OR SUBSURFACE SEWAGE TREATMENT SYSTEM EXISTS ON THE PROPERTY, BUYER HAS 252. RECEIVED A DISCLOSURE STATEMENT: WELL AND/OR A DISCLOSURE STATEMENT: SUBSURFACE 253. SEWAGE TREATMENT SYSTEM. 254. NOTICE 255. Mick Lynekey is x Seller's Agent❑Buyer's Agent❑Dual Agent❑Facilitator. (Ucensee) -- --_(Check one.) ----------- -- 256. Lynskey Real Estate (Real Estate Company Name) 257. is Seller's Agent❑Buyer's Agent Dual Agent Facilitator. (Ucensee) ._- 258. (Real Estate Company Name) 259. THIS NOTICE DOES NOT SATISFY MINNESOTA STATUTORY AGENCY DISCLOSURE REQUIREMENTS. MN:PA:VL-6(8/13) ,� • PURCHASE AGREEMENT: VACANT LAND (RESIDENTIAL) 260. Page 7 Date 04/02/14 261. Property located at 5625 Oakgreen Ave Oak Park Heights MN 55082 262. DUAL AGENCY REPRESENTATION 263. PLEASE CHECK ONE OFTHE FOLLOWING SELECTIONS: 264. © Dual Agency representation DOES NOT apply in this transaction.Do not complete lines 265-281. 265. n Dual Agency representation DOES apply in this transaction.Complete the disclosure in lines 266-281. 266. Broker represents both the Seller(s) and the Buyer(s) of the Property involved in this transaction, which creates a 267. dual agency.This means that Broker and its salespersons owe fiduciary duties to both Seller(s)and Buyer(s).Because 268. the parties may have conflicting interests, Broker and its salespersons are prohibited from advocating exclusively for 269. either party.Broker cannot act as a dual agent in this transaction without the consent of both Seller(s)and Buyer(s). 270. Seller(s)and Buyer(s)acknowledge that 271. (1) confidential information communicated to Broker which regards price, terms or motivation to buy or sell will 272. remain confidential unless Seller(s) or Buyer(s) instructs Broker in writing to disclose this information.Other 273. information will be shared; 274. (2) Broker and its salespersons will not represent the interest of either party to the detriment of the other;and 275. (3) within the limits of dual agency, Broker and its salespersons will work diligently to facilitate the mechanics of 276. the sale. 277. With the knowledge and understanding of the explanation above,Seller(s)and Buyer(s)authorize and instruct Broker 278. and its salesperson to act as dual agents in this transaction. 279. Seller Buyer 280. Seller Buyer 281. Date Date 282. CLOSING COSTS:Buyer or Seller may be required to pay certain closing costs,which may effectively increase the 283. cash outlay at closing or reduce the proceeds from the sale. 284. ENTIRE AGREEMENT: This Purchase Agreement and any addenda or amendments signed by the parties shall 285. constitute the entire agreement between Buyer and Seller.Any other written or oral communication between Buyer 286. and Seller,including,but not limited to,e-mails,text messages,or other electronic communications are not part of this 287. Purchase Agreement.This Purchase Agreement can be modified or canceled only in writing signed by Buyer and 288. Seller or by operation of law. All monetary sums are deemed to be United States currency for purposes of this 289. Purchsae Agreement. 290. ELECTRONIC SIGNATURES:The parties agree the electronic signature of any party on any document related to this 291. transaction constitute valid,binding signatures. 292. FINAL ACCEPTANCE:To be binding, this Purchase Agreement must be fully executed by both parties and a copy 293. must be delivered. 294. SURVIVAL: All warranties specified in this Purchase Agreement shall survive the delivery of the deed or contract 295. for deed. 296. OTHER: * Seller's Property Disclosure Statement attached hereto. 297. 298. * City of Oak Park Heights Utility Locations Map is attached. 299. 300. 301. 302. 303. MN:PA:VL-7(8/13) lip4f nns PURCHASE AGREEMENT: VACANT LAND (RESIDENTIAL) 304. Page 8 Date 04/02/14 305. Property located at 5625 Oakgreen Ave Oak Park Heights EN 55082 306. ADDENDA AND PAGE NUMBERING:Attached addenda are a part of this Purchase Agreement. 307. Enter total number of pages of this Purchase Agreement,including addenda,on line two(2)of page one(1). 308. NOTE: Disclosures and optional Arbitration Agreement are not part of this Purchase Agreement and should 309. not be part of the page numbering. 310. I,the owner of the Property,accept this Purchase I agree to purchase the Property for the price and on 311. Agreement and authorize the listing broker to withdraw the terms and conditions set forth above. 312. said Property from the market,unless instructed otherwise I have reviewed all pages of this Purchase 313. in writing. Agreement. 314. I have reviewed all pages of this Purchase Agreement. 315. E If checked,this Agreement I subject to attached / A 316. Adde m to Purchase A le t:Counteroffer. ,,- r 317. X 1d/�'_, 7: (..41/--- // X 40, ` t' (Seller's Signature) (Date) (Buyer's Signature) (Date 318. X Allan T. Palmer X Creative Home Construction Investments,LLC (Seller's Printed Name) (Buyer's Printed Name) 319. X -7a- -P--i'(-- X (Marital Status) (Marital Status) 320. X C r G-r - CL' Ct.--7-rc-2 '_ 71( Z.X (Seller Signature (Date) " (Buyer's Signature) (Date) 321. X Georgann E. Palmer X (Seller's Printed Name) (Buyer's Printed Name) 1 322. X 'kI -41A.r GG X (Marital Status) (Marital Status) 323. FINAL ACCEPTANCE DATE: The Final Acceptance Date 324. is the date on which the fully executed Purchase Agreement is delivered. 325. THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER(S)AND SELLER(S). 326. IF YOU DESIRE LEGAL OR TAX ADVICE,CONSULT AN APPROPRIATE PROFESSIONAL. 327. I ACKNOWLEDGE THAT I HAVE RECEIVED AND HAVE HAD THE OPPORTUNITY TO REVIEW THE 328. DISCLOSURE STATEMENT:ARBITRATIO, 'ISCLOSUREAND RESIDENTIAL REAL PROPERT ARBITRATION 329. AGREEMENT,WH HIS AN OPTION, ,Vol UNTARY AGREEMENT AND IS a PART OF I PURCHASE 330. AGREEMENT. 331. SELLER(S) ,,,,41,l., /1 7 ",_____, BUYER(S) '°' Creative Home Const. Invstmts, 332. SELLER(S) r ,Q691._e_re BUYER(S) MN:PA:VL-8(8/13) surrifS ADDENDUM TO PURCHASE AGREEMENT This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. 02011 Minnesota Association of REALTORS®,Edina,MN 1. Date 04/02/14 2. Page 9of9 3. Addendum to Purchase Agreement between parties,dated April 2nd ,20 14 ,pertaining to the 4. purchase and sale of the property at 5625 Oakgreen Ave 5, Stillwater 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. This offer is contingent upon Buyer securing a lender commitment for 8. acceptable development financing of this project on or before June 15, 9, 2014. 10. This offer is contingent upon Buyer satisfying itself as to the total 11. cost of the project on or before June 15, 2014. 12. Development of this property is contingent upon being able to access 13. sanitary sewer. Sanitary sewer access is scheduled to be available 14. between October to December of 2014, as noted on the attached plan set and related email message. It is expected that the city will allow 15. development of the property after plat approval and the final utility 16. connection can be made when said sanitary sewer project is complete. 17 If that is not the case then closing shall take place no later than within 14 days after completion of said sanitary sewer project. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. / ( eller) Allan T. i'a er (Date) (Buy:r ve .me o -A� vstmt (Dat 32. f- ç4n Ge gann E. Palmer (Date) (Buyer) (Date) 33. THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYERS AND SELLERS. 34. IF YOU DESIRE LEGAL OR TAX ADVICE,CONSULT AN APPROPRIATE PROFESSIONAL. MN-APA(8/11) To IMS I '; i 1 694;1•? �.__._•---__ . __ _ � z _C n;�fj g- {. Cv�1 s O O 1 4. ^. c2 1' 1 o V e- VU 4.1 ,-.4:_,,27.7' 1 _ \ it: _o 14_224 i / 1 17• o g m ! 1h9 \/ _ i r w J O ` m Ts 0 •_ . [.---.. \ ----------. ------------?'`fr� :fi. ',`7.\ ` i `Cl Jr '�'f` '�jl. .r 0 1111, , 2,,,\i.,,,,,, 'ri:: ,., . ' _. • 14,chi D /` 1-- ` % , c 1 w 4 to / l � i � 1 F . x e5l 1.-"-_!-;r, V ry -- :,i L: 1 C7 .;J 67 - Lf ..,f,,f ,,l 1 6 i — _____ntht...�_ (..„,r..:(.; 1 .' 0.66c--L zsrs� ' -- °' l i M d r 4 i. . i \ fix .£ 9 t�3F \ ate oscs� o v ,.... SEGO! O Z �"y \ \ jy 'CZ S_Lyr I 9p6€ N Q - 11.111( \\ �``.. 1 , 1 s 'Ct2tr4• !! N Z N - I v fn W r` x:;91 $68ZL ID(• . Li -- — a • \t w�� • < Q e ) . . v d m 0 in .,(43 y le„._,1. t Ilk 89,9.,':L - y �.. _r `_i� x'46 ..104 i f 1[ •V __ _ i I{ . : 15 V ^ n �+" i L �--. ��1 C v 3 0 �`'�� R �� t. a80 :. ay p�1 rm., , ,_ •,.• . . - ., ..,,,, fi.... lx,,,ord --- - 5 ' 4 4'16' ' . '`'''..:4 i NNE 1 —, ,..Yry. '.- : r r� } [ 1 4 • hi` . _ A t;d`0 r k r+ __ l O ep 5 r. 4. It .-:,....,,,--. Illr gay _ i $ N Of4A v. 1 R I v f s.r � ' y : — .m a..\ r...,.., kx 04„, '''''''..; n E ,C Cj F n s + ` r 4 k{S.+ i 4 a1 ` ia _�. • _ t