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425 24th Ave N Purchase Agreement Gregg Karnis Steven Meldahl
425 24th Ave N Purchase Agreement Gregg Karnis Steven Meldahl
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PURCHASE AGREEMENT
Th8form aroved by P M|nn0ao|p Assocl8|lO0I HFAIUHb,
whl0h0|00l0lm90Dyliabilily arising out of use or misuse of I0|8form.
2012MinnU80I 88D0l0I0nDIHL|!OHo, d|n0, MN
T. LuI xi - e'
:. Pag61 of ~~~~
RECEIVED OF
the sum of
=
C
0o||ars$ 0O' j
by _CHECK CASH _NOTE as earne$l money to D <epo$lted upon --..-of Purhase
...,.....j_ _pgj....................
Agrooment by e||parie1 DRDlbefore the third Business Day afer Final Acceptance, in the trust account of Hstlng
Dl0K0I,UDl088otherise agrMd ti In wriID@,but to he lftunild to Buyer if Purcha( Agreerenl D0accepted
by Seller.
Said f0BSmoney is part payment for the chas of the proper y l00Bted at
Street Address: 4
V
.
Cit of
, Co1nty ?f u;A. .
C_Idb
^ o.
Inc|uding all fxtures on th following property, If 8n
y
, owned by 6||6| and used and |C0d|U D0 8aid propert,
Including DU not llmi1ed to garden bulbs, plants, shrubs RDU !|8 storm sash, SDIR door, 6CI0606 B0D awnings;
W|ndoW 8hC8, 0lind8, traverse and curtain 80U UI8pBIy IOUS a!!8chUU lighting iixtures and bulbs; plumbing
fixtures, water hB0l,haig plants (with any 0u|BU|8,non-fuel tanks, stokers and 0he|equi
p
ment u5Pd In connecton
therewith), bulltin alrconditioning equipment, electronic air l||ter,water sofn.S|__jja
rand 00Dl0S RB
[I0[|} 0 Seller), sump pump; attached television antenna, cable T Jacks 8D0 wIlg UM OlSDWSSH8I$,
garbage disposals, trash compactors, Qvens, oook-top stove$, microwave ovens, hood fans, |nIrcooa,
ATACHeO: carpeting; 0||0I9garage door Cpu0U|9 80 8|| contols; 8|0Dke detectors; fireplace Sc|eeD5, dOO(S and
haatllators: AND tha follow
.
Ing pMsonal propsrt: u: _ _.
ex:Zg a_#Z
8| of whh ||B|!
gr
p!iit (%) O!HBsale price, which wlll 0the !CtBl amount secured againstthis property
to fund thi purcha$e.
37. Such financing 8hall 0B (ohec one) _8 first mortgage; _B 0DDIB0 for deed; or _8 first mortgpge wlt
38. ordinate fln1nclng, R8 described in the attached Addendum:
.
39. Convtnt/onal
Other: .
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The date of closing aha||0U ? , Z /Q .
4.-
MN:PA-1 (10/12)
c7HibiJ
Case 12-46965 Doc 166-3 Filed 10/08/13 Entered 10/08/13 12:26:28 Desc
Exhibit(s) C - 425 24th Ave N Page 2 of 7
LLL
41. |age c Date
__/. _ .
4Z. Propert |eca|edt
This Purchase Agreement _,suh[oe|ieR ContttlM9 Addendum for sale of Suyer's proprty.
(|lasWer|s|9,seeattached Adcend1m.)
45. [lIB0WlSI8NOT, the closing of Buyer's property, if any, a/still affect Buyers ablllty to obtin fnn|ng,fnancing
46. is applicable.)
47. This Purchase Agreement
_
_
_,
pT sacjuc| to cancellation of previously written purohase agreement
dated , ZO
49. (||an&wer Is 1$, said oencellatlon shBll DC DDlBD6C P0 lStBr than , Z . If
50. said cancellation ls not Dbtained by said date, this Purchte Agreement |$cMceled. Buyer and Seller shall immediately
51. $lgn $ Canoel(tcn of Purchtsf! A9rtement confirming said oancaflatlon and dltectlng all earnest 0oney paid
52. hereunder I0 be|elandodto auy!f.) .
53. . uu,ar oasbeen made aware of the availability olpropert IspeH|or> 6U
y
tr
to have B
property Inspection performed at Buye1s expense. 54.
55. This Purchase Agreement INOT subjoc|icB Inspection Contingency Addendum.
56. (ll answer is IS, see attached AdJsodvm.)
57. DEED/ARKETABLETITlE: Upon pertormanca by Buyer, Seller shall deliver R
.
58.
".`..`.`,,,,,,,,
-
...
--
.........
JOIMd In by spouse, If any, conveying
59. marketable title, succtto
.
00 (a) building and zoning laws, ordinanoes, and state and federal regulations:
61. (b) restrictions relating to U6 or improvelent Clthe property without effective forfeiture provisions;
$2. (c) reseration of any mineIl rigl1ts by the Stte of V|onocela,
. (d) utility and dI0indgS SBBR0Dl8whi0h <o not lnteUere with existing Improvement$;
(e} IlO00tonarts as foll ws (unless speiiflec, O|subject \0 tenancies): . ,-
/
. " 5 : and
66,
67.
68. Seller shall.Pay on the date of clo$ing all real estate taxes due and payable in all prior years Including all penalties and
. Interest.
70. g_Y-:cf!..
HALPAY on date of closing any deferred real estate \BX8 (1,g,, I0D
`. Acrs) or special assessments, p$y0enl of which Is required as a result 0tht olosing of this sale.
---------
;:-.. ---
-
- ... ..
. 73. .DATE OF CLOSING all Installments of special ssessmentS certified for payment, with the real e$tat taxes dua and
74. pyable in the year of cl0$irg. _
!0- - _..,s
on date of cl0sing II
.
other special 50SSH0R\ leVllc 8
1. of te data of 1hls Purchase Agrement.
E
R +,:.FOR "
spBCiBl R$5S00DS pending R
7. of te date 0|0IPurchase Pgf06H0Dlfor Iml0voh6D!6that h5 DCCHDf0BI00by Oya.sesslng BUl00|l98.(Sellers
7a. pfovlslon 0Ica,neciihll be by paylett Into 6SCI0W D IWD (2) times the ostiHBteD amount 0th_ SSD58000lS Df
80. Je.ss, esreqa|redoyBuymJs lender.)
MN:f(1012)
c7HibiJ U
Case 12-46965 Doc 166-3 Filed 10/08/13 Entered 10/08/13 12:26:28 Desc
Exhibit(s) C - 425 24th Ave N Page 3 of 7
82.
83.
84.
85.
86.
87.
88.
89.
90.
9 1.
92.
V
.
.
b.
96.
99,
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102.
103.
104.
J.
106.
107.
109.
109.
110.
. 111.
112.
1 13.
114.
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116.
117.
1"d.
119,
120.
1.
P.ropart located at ^ c .
|UHCHA5EAGREEYENT
|DgG L8!C _^ . 2J/
B
uyer shall pay any unpaid speolal assessments payable in the year following closing and therefter, the. payment of
Wh0h |8 noCh6m|000IOG p|Cv|d0U.
As of the date of this Purcha$e AgrMment, Seller r$presents that Seller ,reoelvao notice
regarding any new Improvement project from any assessing authorltles, lhe costs of whi0| p|ce|may be assessed
against the propert Any such notice received by Seller Ilh6dE Ut0is |u|chaseAgre0mnt and before closing
shall be provided to Buyer Immediately. If such notice Is Issued afer the d
a
te of this Purchase Agreement and OD
Dl bfor the data. of closing, then the partieS may agree In writing, on or before the date of closingto pay, provide
DIthe [yU0h 0 or 88SUP0the special assessments. In \h6 b0P06 of such agreement, either part may declare
this Pur0hase Agreement canoel ad by written nCtice lDDBother party, or liCensee representing or assisting lhe DDBl
part, In which C3SB this Purchase Agreement ls can0aad.lf either party declares tis Purchase Agreement canceled,
Euyer. and Seller s|all immedi at0ly sign a Oencel/alion of Purhase Agreement confirming said oancellatlon 0hG
directing all BBU0S money paid hereunder \C OCICluHC0C IC Buyer.
B
uyer
s
hall
p
ay
Q:?-A:!-...;:-g=:.:!.?Q=
0
a
l e
s
t
ate tx
e
s cue
Bnd payabl0lotheyear 20
Seller shall pay _,,g _th-N rel 06\Staxes due and
payable In the year 2u.If \R closing date is changed, the real estate taxes paid shall, if prorated, be adjusted
to the ew0loslng date. SSller warrants X8Sdue and payable In the year 20 shall be _,_
homestead ctasslfloatlon.
part- or non-homestead classification I& ehecked, Seller agrees \0pay Buyer at closing $
toward \he non-homestead real estate taxes. uyer agrees to pay any remaining balance ot nonhomestead laxas
W|00 they become due and payable. Buyer shall pay real S801dXd6 due atd payable In the year followlng closing
and 1|6I0|l0I, the payment of WD0D |S not otherise herein provided. NCrepresantatiQlS are mada 000C0f0Dg!|e
amount of subsequent real estate
t
es.
POSSESSION: Seller shall deliver possession of the property no later than s+olosing.
Seller agrees to remove ALL DEBRIS AND ALL PERSONAL PROPERT NOT | |.I|0ml00propert
by possession date.
PRORATIONS: All interest; unit owners' associaton dues; rents; Md charges for city water, cit sewer, alectrlclt and
natural gas shall DB prorated between the parties as of dateof olosing. Suyer shall pay Seller for remaining gllons of
fel oil or liquid pelroleum gas on te day ot closlng, at the rate of the lat flll by Sel leI
TITLE AND EXAMINATION M quickly as reasonably pOS$1ble !0Anal Acceptance of hiPurohase Aqeement.
ej Seller shall surrender any abetraot of itle and a copy of any owners title insuranc poli0y for the property, If
In Seller's possession or control, to Buyer or auyirs designatec title service provider; and
(b} Buyer shall :c-the lilli serice$ determined neCessary or desirable b,uy0fCf 0uyerslender, Including
but not limited to tllle searches, titloeximinallons _abstrioling, a title insurance commitment |an atorney's
ttle opiniDn \ Buyer's selection ad C0$1 anc provide 0 oopy to 00I.
Sfller $hall b$9 Seller's lest eforts to provide marketable !itl0 bythe date of closing_ 8lltr agrees \0 pay all cMts
and fees necessary to convey marketable title including oDtaining and recording all required U0Cum0lS,$UDj60to the
following
121. In the event Seller has not provided marketabla 1ltle Dy!h0U9l0of los|ng, Sell et shll ha\ n additional 30 days D
122. make title marketable, DIIn the alternallve, uy0r may waive title defects bY writen notice to ellr R addition to
1<O the $0-day er$nslon, Buyer and Seller my, Dy mutual gI00R0\,U
21 a.
ihere will D0 D0 MDR0 Protectlon/arrarr D 6 [OC0SAgrement.
MN:PA5 (1012)
c7HibiJ
Case 12-46965 Doc 166-3 Filed 10/08/13 Entered 10/08/13 12:26:28 Desc
Exhibit(s) C - 425 24th Ave N Page 6 of 7
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229.
230.
231.
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233.
234.
2$5.
236.
237.
238.
239.
240.
241.
)
'HIS Norte OOES l SA
NOTICE
$_Sailer's Agent _Buyers Agent 0 Dual A Facilitator.
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D_Dual Agent _Facilitator.
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.
---------------
AGENCY DISCLOSURE REQUIREMENTS.
L AGENCV ESENTATION
PlEASe CHECK OF THE FOLLOWIN LONS:
0 Dual Agenoy representation DOES NOT his transaction. Do not complte lnes 230-246.
0 Dual Agency representation DOES apply lI0 ctlon. Complete l00 O/30/O3U/9 l0 /O05 !~4.
Broker represents both the Seller(s) an 0cyr(s, of t
:;-,Involved in this transaction, which creates a
dual agency. This means thaBroker a its salesper$on$ OW9 ciatY dutes to both Seller[s) and Buyer(s). Because
the parties may have oontl!oting int sts, Broker 0I0 |\6 salesper S |S pnhlbitid ftor advocating exoluelvely fr
eiher p8rty. Broker cannot act . dual agent in this transaction wit t the consent of both Seller(s) and Buyer(s),
Seller(s} and Buyer(s) eckno dge that
(1} confidential lnfor on communicated ta B!okerwhich regards pr terms. or motivation to buy or sall Wiii
remain confide I unless Seller(s) O! Buyer(s) InstrJCts Broker In wri to o0lose thi$ Information. Other
Information be sharedi
(2) Broker d s sale$person$ will not repreBent the Interest of aithet part 0 th \|l m0nt 0tha othar; and
(a) witin limits 0 cual agency, roKr and its salespersons will work diligently to
the
?4. wmt owladge and understanding of the explanatiO above, Seller(s) and0u,e
a)authorize a
24. talesperson to a$. dual agents In this transaction.
244. Bur---
245, Buyer--
246. Date
Date
MN:FN(10/12)
L7H1biJ C
Case 12-46965 Doc 166-3 Filed 10/08/13 Entered 10/08/13 12:26:28 Desc
Exhibit(s) C - 425 24th Ave N Page 7 of 7
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